Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2017

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Discontinued Operations

The results of Actua's discontinued operations, which are presented on the line item "Income (loss) from discontinued operations, including gain on sale, net of tax" in Actua’s Consolidated Statements of Operations and Comprehensive Income (Loss), is summarized below:

(in thousands)	Year ended December 31,
Major classes of line items constituting pretax loss of discontinued operations	2017 (1)			2016 (2)			2015
Revenue	$	121,917		$	142,019		$	133,421
Cost of revenue	(30,180		)	(41,255		)	(39,229		)
Selling, general, administrative and other operating expenses	(105,930		)	(132,353		)	(161,379		)
Other non-major income and expense items	(606		)	(520		)	(9		)
Gain on sale of discontinued operations	220,644			124,840			—
Total discontinued operations before income taxes	205,845			92,731			(67,196		)
Income tax (expense) benefit	(11,968		)	(13,332		)	(373		)
Income (loss) from discontinued operations, including gain on sale, net of tax	193,877			79,399			(67,569		)
Plus: discontinued operations attributable to noncontrolling interests	2,415			4,236			4,265
Net income (loss) from discontinued operations	$	196,292		$	83,635		$	(63,304	)

(1) Amounts included in this column for VelocityEHS and Bolt are from January 1, 2017 through the date of sale, December 12, 2017. The entire year of 2017 is included for FolioDynamix.

(2) Amounts included in this column for GovDelivery are from January 1, 2016 through the date of sale, October 18, 2016. The entire year of 2016 is included for VelocityEHS, Bolt and FolioDynamix.

Assets and liabilities of discontinued operations, which are presented on the line items "Assets of discontinued operations" and "Liabilities of discontinued operations" on Actua's Consolidated Balance Sheets consist of the following:

(in thousands)
Carrying amounts of major classes of assets included as part of discontinued operations	December 31, 2017 (1)		December 31, 2016 (2)
Cash and cash equivalents	$	4,876	$	20,834
Accounts receivables, net of allowance	7,260		21,033
Fixed assets, net of accumulated depreciation and amortization	927		5,266
Goodwill	136,251		231,787
Intangible assets, net	30,343		72,706
Other assets included in the disposal group	1,427		6,896
Total assets of discontinued operations	181,084		358,522
Less: assets of discontinued operations classified as non-current	—		192,017
Total assets of discontinued operations classified as current	$	181,084	$	166,505
Carrying amounts of major classes of liabilities included as part of discontinued operations	December 31, 2017 (1)		December 31, 2016 (2)
Accounts payable	$	5,312	$	11,161
Accrued expenses	2,869		8,415
Accrued compensation and benefits	2,957		7,671
Deferred revenue	2,371		36,824
Other liabilities included in the disposal group	6,317		14,753
Total liabilities of discontinued operations	19,826		78,824
Less: liabilities of discontinued operations classified as non-current	—		27,917
Total liabilities of discontinued operations classified as current	$	19,826	$	50,907

(1) Amounts included in this column include balances related to FolioDynamix.

(2) Amounts included in this column include balances related to VelocityEHS, Bolt and FolioDynamix. VelocityEHS and Bolt are presented as current assets or liabilities of discontinued operations. FolioDynamix is presented as non-current assets or liabilities of discontinued operations.