Cost Method Businesses

9 Months Ended

Sep. 30, 2016

Investments, All Other Investments [Abstract]

Cost Method Businesses

Cost Method Businesses

Actua’s carrying value of its holdings in cost method businesses was $17.2 million as of September 30, 2016 and $18.1 million as of December 31, 2015, as reflected in the line item “Cost method businesses” in Actua’s Consolidated Balance Sheets as of the relevant dates.

During the three and nine months ended September 30, 2016, Actua increased its interest in Parchment Inc. (“Parchment”), a cost method business, by $0.2 million and $0.7 million, respectively.

During the three months ended September 30, 2016, Actua elected to sell a portion of its interest in InstaMed Holdings Inc. (“InstaMed”), a cost method business, pursuant to a tender offer. This sale resulted in a $1.6 million decrease in Actua's interest in InstaMed, as well as a gain of $2.8 million. See Note 11, “Other Income, Net” for additional information.

Impairments

Actua performs ongoing business reviews of its cost method businesses to determine whether Actua’s carrying value in those businesses is impaired. Actua determined its carrying value in its cost method businesses was not impaired during the nine months ended September 30, 2016 or the year ended December 31, 2015.