Owner Interest and Cost Method Investments (Tables)

9 Months Ended

Sep. 30, 2012

Ownership Interests and Cost Method Investments [Abstract]

Summary of financial information under the equity method of accounting

The following unaudited summarized financial information relates to ICG’s companies accounted for under the equity method of accounting as of September 30, 2012 and December 31, 2011 and for the three and nine month periods ended September 30, 2012 and 2011. This aggregate information has been compiled from the financial statements of those companies.

Balance Sheets (Unaudited)

	September 30, 2012 (1)			December 31, 2011 ( 2)
	(in thousands)
Cash and cash equivalents	$	5,435		$	13,687
Other current assets		14,206			28,767
Non-current assets		15,805			69,218
Total assets	$	35,446		$	111,672
Current liabilities	$	24,395		$	47,125
Non-current liabilities		2,123			10,770
Long-term debt		15,259			18,959
Stockholders’ equity		(6,331	)		34,818
Total liabilities and stockholders’ equity	$	35,446		$	111,672
Total carrying value	$	25,365		$	39,052

⁽¹⁾ Includes (ICG voting ownership): Acquirgy (25%), Freeborders (31%), SeaPass (38%) and WhiteFence (36%).

⁽²⁾  Includes (ICG voting ownership): Acquirgy (25%), Channel Intelligence (49%), Freeborders (31%), GoIndustry-DoveBid plc (“GoIndustry”) (26%), SeaPass (26%) and WhiteFence (36%).

Results of Operations (Unaudited)

Results of Operations (Unaudited)

	Three Months Ended September 30,						Nine Months Ended September 30,
	2012  (1)			2011  (2)			2012  (1)			2011  (3)
	(in thousands)
Revenue	$	16,049		$	39,808		$	75,154		$	132,377
Net income (loss)	$	(2,993	)	$	(8,765	)	$	(15,554	)	$	(26,579	)
Equity income (loss) excluding impairments and amortization of intangible assets	$	(1,325	)	$	(2,797	)	$	(6,272	)	$	(8,436	)
Amortization of intangible assets		(283	)		(448	)		(875	)		(1,570	)
Total equity income (loss)	$	(1,608	)	$	(3,245	)	$	(7,147	)	$	(10,006	)

⁽¹⁾  Includes Acquirgy, Channel Intelligence (to July 11, 2012, the date of consolidation), Freeborders, GoIndustry (to July 5, 2012, the date of disposition), SeaPass and WhiteFence.

⁽²⁾  Includes Acquirgy, Channel Intelligence, Freeborders, GoIndustry, SeaPass, StarCite, Inc. (“StarCite”) and WhiteFence.

⁽³⁾  Includes Acquirgy, Channel Intelligence, ClickEquations (to June 14, 2011, the date of disposition), Freeborders, GoIndustry, Metastorm Inc. (“Metastorm”) (to February 17, 2011, the date of disposition), SeaPass, StarCite and WhiteFence.