Income Taxes

9 Months Ended

Sep. 30, 2012

Income Taxes [Abstract]

Income Taxes

11. Income Taxes

ICG Group, Inc., GovDelivery, InvestorForce and Procurian file a consolidated federal income tax return. MSDSonline joined that consolidated federal income tax return as of March 30, 2012. Channel Intelligence is not included in ICG’s consolidated federal income tax return. For the nine months ended September 30, 2012 and 2011, a tax provision was recognized for state and foreign income taxes; a full tax benefit was not recognized for federal income taxes since ICG maintains a valuation allowance on certain deferred tax assets that it believes, after evaluating all the positive and negative evidence, both historical and prospective, is more likely than not to not be realized. In addition, during the nine-month period ended September 30, 2011, the tax provision was impacted by a net deferred tax benefit on discrete items primarily due to interest received on the federal tax refund ICG received during 2011.