Segment Information

9 Months Ended

Sep. 30, 2011

Segment Information [Abstract]

Segment Information

8. Segment Information

ICG has two reporting segments: the "core" segment and the "venture" segment. Companies in which ICG holds equity or convertible debt interests that are not deemed to be marketable securities are included in either the core or venture segment, while companies in which ICG holds equity interests that have been designated as marketable securities are considered "corporate" assets. At September 30, 2011, the core segment included the results of ICG's consolidated core companies, recorded ICG's share of earnings and losses of its equity core companies and captured ICG's carrying value in its consolidated core companies and equity core companies. At September 30, 2011, the venture segment recorded ICG's share of earnings and losses of venture companies accounted for under the equity method of accounting and captured ICG's carrying value in its venture companies.

The core reporting segment includes companies in which ICG's management takes a very active role in providing strategic direction and management assistance. ICG owns majority controlling equity positions or substantial minority equity positions (i.e., the largest equity positions) in those companies. ICG expects to devote relatively large initial amounts of capital to acquire stakes in core companies, particularly consolidated core companies, since any such acquisition would entail the deployment of cash and/or the issuance of ICG stock to purchase a large equity stake in a target with relatively strong financial characteristics and growth potential. The venture reporting segment includes companies to which ICG generally devotes less capital, holds relatively smaller ownership stakes and generally has less influence over the strategic directions and management decisions than it does with its core companies.

Approximately 7% of ICG's consolidated revenue for both the three and nine months ended September 30, 2011 relates to sales generated in the United Kingdom, primarily by ICG Commerce. Approximately 7% and 8% of ICG's consolidated revenue for the three and nine months ended September 30, 2010, respectively, relates to sales generated in the United Kingdom, primarily by ICG Commerce. The remaining consolidated revenues for the three and nine months ended September 30, 2011 and 2010 primarily relate to sales generated in the United States. As of September 30, 2011 and December 31, 2010, ICG's assets were located primarily in the United States.

On February 17, 2011, Metastorm, which had been an equity core company, was sold. Prior to the sale, ICG's portion of Metastorm's net results was included in ICG's core segment. The amount of equity loss related to Metastorm has been removed from the core segment and is reflected in "Dispositions" in the table below for the three and nine months ended September 30, 2010, as well as for the nine months ended September 30, 2011. In addition, ICG's basis in Metastorm has been removed from core segment assets and reflected in "Dispositions" as of December 31, 2010 in the table below.

On June 14, 2011, ClickEquations, which had been a venture company accounted for under the equity method, was sold. Prior to the sale, ICG's portion of ClickEquations' net results was included in ICG's venture segment. The amount of equity loss related to ClickEquations has been removed from the venture segment and reflected in "Dispositions" in the table below for the three and nine months ended September 30, 2010 as well as for the nine months ended September 30, 2011. In addition, ICG's basis in ClickEquations has been removed from venture segment assets and reflected in "Dispositions" as of December 31, 2010 in the table below.

Also included in "Dispositions" in the table below are the net results and the gain on the sale of GovDelivery's GovDocs subsidiary, which was sold during 2010 and are reported as "Income (loss) from discontinued operations" on ICG's Consolidated Statements of Operations for the three and nine months ended September 30, 2010.

The following presentation summarizes selected information related to ICG's segments for the periods indicated. All significant intersegment activity has been eliminated. Assets are owned or allocated assets used by each reporting segment.

Segment Information
				(in thousands)
										Reconciling Items
	Core			Venture			Total Segment			Dispositions(1)			Corporate			Other(2)		Consolidated Results
Three Months Ended September 30, 2011
Revenues	$	35,142		$	—		$	35,142		$	—		$	—		$	—	$	35,142
Net income (loss) attributable to ICG Group, Inc.	$	834		$	(1,763	)	$	(929	)	$	—		$	(3,303	)	$	1,275	$	(2,957	)
Three Months Ended September 30 , 2010
Revenues	$	30,222		$	—		$	30,222		$	—		$	—		$	—	$	30,222
Net income (loss) attributable to ICG Group, Inc.	$	(1,650	)	$	(797	)	$	(2,447	)	$	(136	)	$	(4,375	)	$	8,749	$	1,791
Nine Months Ended September 30, 2011
Revenues	$	104,424		$	—		$	104,424		$	—		$	—		$	—	$	104,424
Net income (loss) attributable to ICG Group, Inc.	$	1,818		$	(4,392	)	$	(2,574	)	$	(1,001	)	$	(12,288	)	$	25,563	$	9,700
Nine Months Ended September 30, 2010
Revenues	$	82,634		$	—		$	82,634		$	—		$	—		$	—	$	82,634
Net income (loss) attributable to ICG Group, Inc.	$	(6,902	)	$	(2,732	)	$	(9,634	)	$	(2,324	)	$	(13,514	)	$	71,795	$	46,323

⁽¹⁾ Including discontinued operations.

⁽²⁾ Components of Other

	Three Months Ended September 30,						Nine Months Ended September 30,
	2011			2010			2011			2010
Corporate other income (loss) (Note 10)	$	39		$	8,978		$	26,504		$	74,379
Noncontrolling interest		(335	)		(229	)		(941	)		(781	)
Impairment of GoIndustry (Venture) (Note 5)		—			—			—			(2,914	)
Income tax benefit (expense) (Note 11)		1,571			—			—			1,111
	$	1,275			8,749		$	25,563		$	71,795

	Core		Venture		Total Segment		Dispositions		Corporate		Other		Consolidated Results
Assets as of:
September 30, 2011	$	166,963	$	7,973	$	174,936	$	—	$	106,470	$	—	$	281,406
Assets as of:
December 31, 2010	$	157,273	$	12,343	$	169,616	$	29,635	$	81,738	$	—	$	280,989