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Redeemable Noncontrolling Interest
9 Months Ended
Sep. 30, 2011
Redeemable Noncontrolling Interest [Abstract] 
Redeemable Noncontrolling Interest

14. Redeemable Noncontrolling Interest

Certain GovDelivery Series AA Preferred stockholders have the ability to force GovDelivery to redeem their Series AA Preferred shares beginning in 2013. Because that redemption is outside the control of GovDelivery, ICG has classified this noncontrolling interest outside of equity and will accrete to its estimated redemption value with an offset to additional paid-in capital. This noncontrolling interest is classified as "Redeemable noncontrolling interest" on ICG's Consolidated Balance Sheets.

The following reconciles the activity related to the redeemable noncontrolling interest during the nine months ended September 30, 2011 and 2010 (in thousands):

 

Balance at December 31, 2009

   $ 1,420   

Redeemable noncontrolling interest portion of net subsidiary income/(loss)

     88   

Accretion to estimated redemption value

     161   

Impact of subsidiary equity transactions (primarily related to GovDocs transaction)

     (497
  

 

 

 

Balance at September 30, 2010

   $ 1,172   
  

 

 

 

Balance at December 31, 2010

   $ 1,182   

Redeemable noncontrolling interest portion of net subsidiary income/(loss)

     (156

Accretion to estimated redemption value

     309   

Impact of subsidiary equity transactions

     (9
  

 

 

 

Balance at September 30, 2011

   $ 1,326