Contingencies

Actua is involved in various claims and legal actions arising in the ordinary course of business. In the opinion of management, the amount of the ultimate liability with respect to legal claims/actions will not materially affect the financial position, results of operations or cash flows of Actua.

Actua leases its facilities under operating lease agreements expiring 2017 through 2022. Future minimum lease payments as of December 31, 2017 under the leases are as follows:



(in thousands)	Minimum lease payments
2018	$	1,007
2019	$	743
2020	$	394
2021	$	302
2022	$	205
Thereafter	$	—

Rent expense for continuing operations under the non-cancellable operating leases was $0.3 million for each of the years ended December 31, 2017, 2016 and 2015.

During 2008 and 2009, two carried interest plans (one in each year) were established, for which a carried interest of 15% is allocable to Actua’s management participants in each plan. Carried interest will be paid in connection with a liquidity event or income receipt at any of the businesses in which the carried interest plans hold debt or equity interests, subject to an aggregate specified hurdle threshold and hold back and claw back criteria. The assets held by the carried interest plans are immaterial to Actua. As of December 31, 2017, Actua does not expect a liquidity event or income receipt at any of the relevant businesses that would trigger a payment under either of the carried interest plans to occur in the near future, and, accordingly, Actua has not recorded a liability with respect to these plans. Once a liquidity event or income receipt at any of the relevant businesses that would yield proceeds in excess of the calculated hurdle rate occurs, and a payment becomes probable and estimable, Actua would record the appropriate liability. Payments against that liability would occur thereafter, subject to relevant hold backs and claw backs. As of December 31, 2017, there were no distributions over the aggregate specified hurdle thresholds, and none are expected in the future.