XML 35 R23.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Businesses (Tables)
 6 Months Ended
Jun. 30, 2016
Business Acquisition [Line Items]  
Reconciliation of Activity Related to Redeemable Noncontrolling Interest
The following is a reconciliation of the activity related to Actua’s redeemable noncontrolling interest during the six months ended June 30, 2016 and 2015:
Balance at December 31, 2014
$
10,346

Redeemable noncontrolling interest portion of subsidiary net loss
(148)

Accretion to estimated redemption value
3,638

Equity transfer among owners(1)
(3,339)

Impact of subsidiary equity transactions
(2,110)

Balance at June 30, 2015
$
8,387

Balance at December 31, 2015
$
10,506

Redeemable noncontrolling interest portion of subsidiary net loss
(129
)
Accretion to estimated redemption value
1,232

Equity transfer among owners (2)
(5,247
)
Balance at June 30, 2016
$
6,362

____________________________
(1)
This amount primarily relates to accretion value adjustments of $0.7 million that partially offset cash payments made during the six months ended June 30, 2015 of $4.0 million to acquire $1.9 million of redeemable noncontrolling interests associated with GovDelivery and $1.4 million of redeemable noncontrolling interests associated with VelocityEHS. These transactions increased Actua’s ownership in GovDelivery from 91% to 93% and its ownership in VelocityEHS from 96% to 98%.

(2)
This amount primarily relates to accretion value adjustments of $0.2 million that partially offset cash payments made during the six months ended June 30, 2016 of $5.4 million to acquire $2.5 million of redeemable noncontrolling interests associated with GovDelivery, $2.4 million of redeemable noncontrolling interests associated with VelocityEHS and $0.5 million of redeemable noncontrolling interests associated with FolioDynamix. These transactions increased Actua’s ownership in GovDelivery from 92% to 94% and its ownership in VelocityEHS from 98% to 99%. Its ownership in FolioDynamix did not significantly change as a result of this repurchase.
Other Acquisitions  
Business Acquisition [Line Items]  
Allocations of Purchase Price to Identified Intangible Assets and Tangible Assets and Liabilities
The allocations of the respective TMGov, Textizen, ErgoAdvocate and WellNet purchase prices to identified intangible assets and tangible assets and liabilities were as follows:
(in thousands)
 
TMGov
 
Textizen
 
ErgoAdvocate
 
WellNet
Goodwill
 
$
—

 
$
606

 
$
155

 
$
—

Customer lists (5-8 year life)
 
250

 
171

 
26

 
2,897

Trademarks, trade names and domain names (8 year life)
 
—

 
117

 
—

 
—

Technology (5-9 year life)
 
250

 
347

 
1,069

 
—

Other net assets (liabilities)
 
—

 
(41
)
 
—

 
—

Total net assets acquired
 
$
500

 
$
1,200

 
$
1,250

 
$
2,897
FolioDynamix, Ludwig, NuCivic, KMI  
Business Acquisition [Line Items]  
Pro Forma Information
The information in the following table represents the revenue, net loss attributable to Actua Corporation and the net loss per diluted share attributable to Actua Corporation for the relevant periods had it owned TMGov, Textizen, ErgoAdvocate and WellNet for the three-month and six-month periods ended June 30, 2015.
(in thousands, except per share data)
 
 
Three Months Ended June 30, 2015
 
Six Months Ended 
 June 30, 2015
Revenue
 
 
$
33,972

 
$
64,902

Net loss attributable to Actua Corporation
 
 
$
(15,772
)
 
$
(30,982
)
Net loss per diluted share attributable to Actua Corporation
 
 
$
(0.42
)
 
$
(0.83
)