Selected Quarterly Financial Information

12 Months Ended

Dec. 31, 2011

Selected Quarterly Financial Information [Abstract]

Selected Quarterly Financial Information

21. Selected Quarterly Financial Information (Unaudited)

The following table sets forth selected quarterly consolidated financial information for the years ended December 31, 2011 and 2010. The operating results for any given quarter are not necessarily indicative of results for any future period.

	Fiscal 2011 Quarter Ended												Fiscal 2010 Quarter Ended
	Mar.31			Jun.30			Sep.30			Dec.31			Mar.31			Jun.30			Sep.30			Dec.31
	(in thousands, except per share data)
Revenue	$	33,954		$	35,328		$	35,142		$	36,103		$	25,755		$	26,657		$	30,222		$	33,076
Operating Expenses
Cost of revenue		20,990			21,775			21,128			21,679			16,682			17,643			18,056			18,669
Selling, general & administrative		11,587			12,115			10,387			11,010			10,434			10,788			9,989			10,995
Research and development		3,129			3,325			3,091			2,891			2,424			2,645			2,729			2,846
Amortization of intangible assets		337			338			338			399			339			339			342			337
Impairment related and other		37			82			484			367			72			96			1,004			10
Total operating expenses		36,080			37,635			35,428			36,346			29,951			31,511			32,120			32,857
Operating income (loss)		(2,126)			(2,307	)		(286	)		(243	)		(4,196	)		(4,854	)		(1,898	)		219
Other income (loss), net		24,946			1,612			(374	)		16,440			40,296			24,627			9,196			28
Interest income		84			124			90			95			61			138			56			75
Interest expense		(146	)		(186	)		(145	)		(100	)		(44	)		(25	)		(123	)		(174	)
Income (loss) before income taxes, equity loss, discontinued operations and noncontrolling interest		22,758			(757	)		(715	)		16,192			36,117			19,886			7,231			148
Income tax (expense) benefit		(2,940	)		963			1,338			4,926			(616	)		411			(2,860	)		2,811
Equity loss		(3,576	)		(3,185	)		(3,245	)		(1,958	)		(6,335	)		(4,580	)		(2,952	)		(2,155	)
Income (loss) from continuing operations		16,242			(2,979	)		(2,622	)		19,160			29,166			15,717			1,419			804
Income (loss) from discontinued operations, including gain on sale		—			—			—			—			(22	)		223			601			—
Net income (loss)		16,242			(2,979	)		(2,622	)		19,160			29,144			15,940			2,020			804
Less: Net income attributable to the noncontrolling interest		352			254			335			1,294			373			179			229			538
Net income (loss) attributable to ICG Group, Inc.	$	15,890		$	(3,233	)	$	(2,957	)	$	17,866		$	28,771		$	15,761		$	1,791		$	266
Amounts attributable to ICG Group, Inc.:
Net income (loss) from continuing operations	$	15,890		$	(3,233	)	$	(2,957	)	$	17,866		$	28,802		$	15,570		$	1,339		$	266
Net income (loss) from discontinued operations		—			—			—			—			(31	)		191			452			—
Net income (loss)	$	15,890		$	(3,233	)	$	(2,957	)	$	17,866		$	28,771		$	15,761		$	1,791		$	266
Basic income (loss) per share (1)
Income (loss) from continuing operations	$	0.43		$	(0.09	)	$	(0.08	)	$	0.49		$	0.79		$	0.43		$	0.04		$	0.01
Income (loss) from discontinued operations		—			—			—			—			—			—			0.01			—
Net income (loss) attributable to ICG Group, Inc. operations	$	0.43		$	(0.09	)	$	(0.08	)	$	0.49		$	0.79		$	0.43		$	0.05		$	0.01
Shares used in computation of basic income (loss) per share (1)		36,944			36,961			36,556			36,170			36,305			36,346			36,368			36,684
Diluted income (loss) per share (1)
Income (loss) from continuing operations	$	0.42		$	(0.09	)	$	(0.08	)	$	0.49		$	0.79		$	0.42		$	0.04		$	0.01
Income (loss) from discontinued operations		—			—			—			—			—			0.01			0.01			—
Net income (loss) attributable to ICG Group, Inc.	$	0.42		$	(0.09	)	$	(0.08	)	$	0.49		$	0.79		$	0.43		$	0.05		$	0.01
Shares used in computation of diluted income (loss) per share (1)		37,991			36,961			36,556			36,633			36,346			37,074			36,956			37,875

⁽¹⁾  The sum of quarterly income (loss) per share differs from the full year amount due to changes in the number of shares outstanding during the year.