Other Income (Loss)

6 Months Ended

Jun. 30, 2015

Other Income and Expenses [Abstract]

Other Income (Loss)

Other Income (Loss)

Other Income (Loss), net

Other income (loss), net consists of the effect of transactions and other events relating to Actua’s ownership interests and its operations in general.

During the three months ended June 30, 2015, FolioDynamix made payments to settle two contingent consideration obligations related to acquisitions made before it was acquired by Actua in the aggregate amount of $2.0 million. The amount by which these payments exceeded the initial contingent consideration obligation established as part of the acquisition accounting of these acquisitions ($0.1 million) is included as a loss in the line item “Other income (loss), net” in Actua’s Statements of Operations for the six months ended June 30, 2015.

During the six months ended June 30, 2015, Actua received a distribution from Anthem that resulted in proceeds of $1.0 million; Actua recorded a gain in that amount for the period. Also during the six months ended June 30, 2015, Actua received a loan repayment from Acquirgy in the amount of $0.4 million and, since Actua had no remaining basis in Acquirgy, recorded a gain in that amount for the period. Both amounts are included in the line item “Other income (loss), net” in Actua’s Statements of Operations for the six months ended June 30, 2015.

During the three months ended June 30, 2014, Actua received a distribution related to the sale of WhiteFence, Inc. in 2013 in the amount of $0.5 million; that amount was recorded as a gain and is included in the line item “Other income (loss), net” in Actua’s Statements of Operations for the three and six months ended June 30, 2014.

During the six months ended June 30, 2014, in conjunction with the final release of escrowed proceeds from the sale of StarCite, Inc. in 2011, Actua received cash of $0.3 million and recorded a gain in that amount, which is included in the line item “Other income (loss), net” in Actua's Statements of Operations for the six months ended June 30, 2014.