Segment Information

The results of operations of our businesses are reported in two segments: the "vertical cloud" reporting segment and the "vertical cloud (venture)" reporting segment. The vertical cloud reporting segment reflects the aggregate financial results of Actua’s businesses (1) that share economic and other characteristics, (2) in which Actua’s management takes a very active role in providing strategic direction and operational support, and (3) towards which Actua devotes relatively large proportions of its personnel, financial capital and other resources. Actua owns majority controlling equity positions in (and therefore consolidates the financial results of) the three businesses in the vertical cloud segment: Bolt, FolioDynamix and VelocityEHS. The vertical cloud (venture) reporting segment includes businesses with many characteristics similar to those of the businesses in the vertical cloud segment, but in which Actua takes a less active role in terms of strategic direction and operational support, and, accordingly, towards which Actua devotes relatively small amounts of personnel, financial capital and other resources.

During the three and six months ended June 30, 2017, approximately $1.3 million and $2.6 million of Actua's consolidated revenue relates to sales generated outside of the United States, primarily Europe and Canada. During the three and six months ended June 30, 2016, approximately $1.1 million and $2.0 million of Actua’s consolidated revenue relates to sales generated outside of the United States, primarily Europe and Canada. As of June 30, 2017 and December 31, 2016, Actua’s assets were located primarily in the United States.

The following tables summarize selected information related to Actua’s segments. The amounts presented as "Dispositions" in the following tables reflect the effects of the GovDelivery Sale for all periods presented. For more information, see Note 5, "Discontinued Operations."



(in thousands)									Reconciling Items
	Vertical Cloud			Vertical Cloud (Venture)		Total Segment			Dispositions			Other ⁽¹⁾			Consolidated
Three Months Ended June 30, 2017
Revenue	$	31,189		$	—	$	31,189		$	—		$	—		$	31,189
Net income (loss) attributable to Actua Corporation	$	(4,004	)	$	—	$	(4,004	)	$	—		$	(2,859	)	$	(6,863	)
Three Months Ended June 30, 2016
Revenue	$	26,854		$	—	$	26,854		$	—		$	—		$	26,854
Net income (loss) attributable to Actua Corporation	$	(5,647	)	$	—	$	(5,647	)	$	(1,978	)	$	(5,116	)	$	(12,741	)
Six Months Ended June 30, 2017
Revenue	$	61,696		$	—	$	61,696		$	—		$	—		$	61,696
Net income (loss) attributable to Actua Corporation	$	(8,108	)	$	—	$	(8,108	)	$	—		$	(8,425	)	$	(16,533	)
Six Months Ended June 30, 2016
Revenue	$	52,040		$	—	$	52,040		$	—		$	—		$	52,040
Net income (loss) attributable to Actua Corporation	$	(12,087	)	$	—	$	(12,087	)	$	(3,949	)	$	(11,036	)	$	(27,072	)

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⁽¹⁾	The following table reflects the components of "Net income (loss) attributable to Actua Corporation" included within the "Other" category:



(in thousands)	Three Months Ended June 30,						Six Months Ended June 30,
Selected Data:	2017			2016			2017			2016
General and administrative expense	$	(6,147	)	$	(5,818	)	$	(13,298	)	$	(12,763	)
Impairment related and other expense	—			(45		)	—			(45		)
Other income (loss), net (refer to Note 11)	2,697			—			3,654			46
Interest income	128			31			274			68
Net (income) loss attributable to the noncontrolling interest	463			716			945			1,658
Net income (loss)	$	(2,859	)	$	(5,116	)	$	(8,425	)	$	(11,036	)



(in thousands)	Vertical Cloud		Vertical Cloud (Venture)		Total Segment		Dispositions		Other		Consolidated Results
Assets as of:
June 30, 2017	$	350,231	$	17,473	$	367,704	$	—	$	46,935	$	414,639
December 31, 2016	$	358,522	$	17,250	$	375,772	$	—	$	77,946	$	453,718