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Other Income (Loss)
 12 Months Ended
Dec. 31, 2011
Other Income (Loss) [Abstract]  
Other Income (Loss)
15.

Other Income (Loss)

Other Income (Loss), net

Other income (loss), net consists of the effect of transactions and other events relating to ICG's ownership interests and its operations in general.

 

     Year Ended December 31,  
     2011     2010     2009  
     (in thousands)  

Gain on sale of Metastorm (Note 5)

    $ 25,988      $ —        $ —     

Gain on sale of StarCite (Note 5)

      14,054        —          —     

Loss on sale of ClickEquations (Note 5)

      (803 )      —          —     

Gain on sale of Creditex (Note 5)

      —          5,089        430   

Gain on sale/distributions of ownership interests (Note 5)

      1,634        1,879        2,177   

Realized gains on marketable securities, net of hedge termination costs (Notes 5,7 and 8)

      —          66,952        20,805   

Unrealized gain (loss) on mark-to-market of hedges (Note 8)

      —          547        (7,098 ) 

Dilution gain (loss) on equity method companies (Note 5)

      496        (67 )      (388 ) 

Gain on other distributions (Note 5)

      1,856        —          —     

Other

      (18 )      107        50   
  

 

 

    

 

 

    

 

 

  
     43,207        74,507        15,976   

Total other income (loss) for consolidated core companies

      (583 )      (360 )      602   
  

 

 

    

 

 

    

 

 

  
   $ 42,624      $ 74,147      $ 16,578   
  

 

 

    

 

 

    

 

 

  

 

During the year ended December 31, 2011, Procurian recorded foreign currency losses of $0.6 million related to changes in exchange rates associated with its operations in the United Kingdom, Europe, Asia and South America. During the years ended December 31, 2010 and 2009, Procurian recorded foreign currency losses of $0.4 million and foreign currency gains of $0.6 million, respectively, related to changes in exchange rates associated with its operations in the United Kingdom and Europe. These foreign currency gains and losses, which include the mark-to-market adjustments related to the average rate currency options utilized by Procurian (see Note 8, "Financial Instruments"), comprise the majority of the other income (loss) for ICG's consolidated core companies included in the table above.