Segment Information

6 Months Ended

Jun. 30, 2012

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.

The core reporting segment includes companies in which ICG’s management takes a very active role in providing strategic direction and management assistance; those companies may be consolidated by ICG or may be equity method or cost method companies. 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. At June 30, 2012, 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 June 30, 2012, 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 those companies. ICG’s carrying value of its holdings in cost method investments are considered “corporate” assets as of June 30, 2012.

During the three and six months ended June 30, 2012, $3.5 million and $5.9 million, respectively, of ICG’s consolidated revenue relates to sales generated in Europe, primarily the United Kingdom and Switzerland. During the three and six months ended June 30, 2011, $2.4 million and $4.9 million, respectively, of ICG’s consolidated revenue relates to sales generated in the United Kingdom. The remaining consolidated revenue for the three- and six-month periods ended June 30, 2012 and 2011 relates primarily to sales generated in the United States. As of June 30, 2012 and December 31, 2011, ICG’s assets were located primarily in the United States.

On July 5, 2012, GoIndustry was sold to Liquidity Services. The amount of equity loss related to GoIndustry for the three- and six-month periods ended June 30, 2012 is included in ICG’s venture segment in the table below. Beginning in the third quarter of 2012, the amount of equity loss related to GoIndustry will be removed from the venture segment and reflected in “Dispositions” in the table below.

During the year ended December 31, 2011, ClickEquations, Metastorm and StarCite were sold. The amount of equity loss related to each of these companies has been removed from segment results and is reflected in “Dispositions” in the table below for the relevant 2011 period.

Segment Information
(in thousands)
										Reconciling Items
	Core			Venture			Total Segment			Dispositions			Corporate			Other(1)		Consolidated Results
Three Months Ended June 30, 2012
Revenues	$	45,078		$	—		$	45,078		$	—		$	—		$	—	$	45,078
Net income (loss) attributable to ICG Group, Inc.	$	(1,500	)	$	(1,836	)	$	(3,336	)	$	—		$	(3,476	)	$	818	$	(5,994	)
Three Months Ended June 30, 2011
Revenues	$	35,328			—		$	35,328		$	—			—			—	$	35,328
Net income (loss) attributable to ICG Group, Inc.	$	(12	)	$	(1,118	)	$	(1,130	)	$	(974	)	$	(2,476	)	$	1,347	$	(3,233	)
Six Months Ended June 30, 2012
Revenues	$	81,708		$	—		$	81,708		$	—		$	—		$	—	$	81,708
Net income (loss) attributable to ICG Group, Inc.	$	(2,185	)	$	(3,054	)	$	(5,239	)	$	—		$	(8,598	)	$	823	$	(13,014	)
Six Months Ended June 30, 2011
Revenues	$	69,282		$	—		$	69,282		$	—		$	—		$	—	$	69,282
Net income (loss) attributable to ICG Group, Inc.	$	150		$	(2,629	)	$	(2,479	)	$	(2,100	)	$	(8,623	)	$	25,859	$	12,657

⁽¹⁾ 

	Three Months Ended June 30,						Six Month Ended June 30,
	2012			2011			2012			2011
Corporate other income (loss) (Note 10)	$	1,470		$	1,601		$	1,627		$	26,465
Noncontrolling interest		(652	)		(254	)		(804	)		(606	)
	$	818		$	1,347		$	823		$	25,859

	Core		Venture		Total Segment		Dispositions		Corporate		Other		Consolidated Results
Assets as of:
June 30, 2012	$	237,438	$	13,074	$	250,512	$	—	$	53,373	$	—	$	303,885
Assets as of:
December 31, 2011	$	172,416	$	7,157	$	179,573	$	—	$	127,247	$	—	$	306,820