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Income Taxes
9 Months Ended
Sep. 30, 2015
Income Tax Disclosure [Abstract]  
Income Taxes
Income Taxes
Actua Corporation, FolioDynamix (from November 3, 2014, the date of acquisition), GovDelivery, and VelocityEHS file a consolidated federal income tax return. Bolt is not included in Actua’s consolidated federal income tax return. For the nine months ended September 30, 2015 and 2014, a tax provision was recognized for state and foreign income taxes; no tax benefit for the loss from continuing operations was recognized as Actua maintains a full valuation allowance against its federal net deferred tax assets that it believes, after evaluating all the positive and negative evidence, both historical and prospective, is more likely than not to not be realized.
Additionally, a federal income tax benefit of $2.1 million and $2.9 million was recognized in the three and nine months ended September 30, 2014, respectively, which is offset by $2.1 million and $2.9 million of income tax expense in discontinued operations for the three and nine months ended September 30, 2014, respectively, since there was a loss in continuing operations and income in discontinued operations in that same period.