Other Income (Loss)

9 Months Ended

Sep. 30, 2012

Other Income (Loss) [Abstract]

Other Income (Loss)

10. Other Income (Loss)

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

	Three Months Ended September  30,						Nine Months Ended September 30,
	2012			2011			2012			2011
Gain on fair value upon consolidation of Channel Intelligence (Note 4)	$	26,563		$	—		$	26,563		$	—
Realized gains on sales of marketable securities (Note 5)		106			—			1,552			—
Gain on sale of GoIndustry (Note 5)		2,908			—			2,908			—
Gain on sale of Metastorm (Note 5)		—			—			208			24,853
Loss on sale of ClickEquations (Note 5)		—			—			—			(803	)
Dilution gain on equity method companies (Note 5)		—			23			—			496
Gains on sales/distributions of ownership interests		1,704			36			1,716			567
Gains on other distributions		—			—			—			1,424
Other		(55	)		(20	)		(94	)		(33	)
		31,226			39			32,853			26,504
Total other income (loss) for consolidated core companies		344			(413	)		168			(320	)
	$	31,570		$	(374	)	$	33,021		$	26,184

During the three and nine months ended September 30, 2012, ICG received 12,989 shares of ICE, representing the final distribution of escrowed proceeds related to the disposition of a former company. ICG recorded a gain in the three and nine months ended September 30, 2012 of $1.7 million, based on the closing stock price of the ICE common stock on the day it was released from escrow. That gain is included in the line item “Gains on sales/distributions of ownership interests” in the table above. Subsequent to the receipt of those shares of ICE common stock, ICG sold the shares and received total proceeds of $1.8 million. The incremental gain on the sale of those shares of $0.1 million is included in the line item “Realized gains on sales of marketable securities” in the table above.

During the three-month period ended September 30, 2011, ICG received a final distribution of funds of less than $0.1 million, which related to a former company. During the nine-month period ended September 30, 2011, ICG received a distribution of $0.5 million of previously escrowed funds, which related to a sale of ICG’s equity holdings in a former company. Those amounts were recorded as gains and are included in the line item “Gains on sales/distributions of ownership interests” in the table above. Also during the nine-month period ended September 30, 2011, ICG received a distribution from Anthem in the amount of $1.4 million, which was recorded as a gain and is included in the line item “Gains on other distributions” in the table above.

During the three and nine months ended September 30, 2012, Procurian recorded foreign currency gains of $0.4 million and $0.2 million, respectively, related to changes in exchange rates associated with its operations in Europe (including the United Kingdom), Asia and South America. During the three and nine months ended September 30, 2011, Procurian recorded foreign currency losses of $0.4 million and $0.3 million, respectively, related to changes in exchange rates associated with its foreign operations. Those foreign currency gains and losses, which include the mark-to-market adjustments related to the average rate currency options and forward contracts utilized by Procurian (discussed in Note 6, “Financial Instruments”), comprise the majority of the other income (loss) for ICG’s consolidated core companies included in the above table.