Segment Information

12 Months Ended

Dec. 31, 2012

Segment Information

9. 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 those businesses (1) in which ICG’s management takes a very active role in providing strategic direction and operational support and (2) towards which we expect to devote relatively large proportions of ICG’s personnel, financial capital and other resources. 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 December 31, 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 December 31, 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 as well as ICG’s carrying value of its holdings in cost method companies.

Approximately 5%, 7% and 8% of ICG’s consolidated revenue for the years ended December 31, 2012, 2011 and 2010, respectively, relates to sales generated in the United Kingdom. The remaining consolidated revenue for the years ended December 31, 2012, 2011 and 2010 primarily relates to sales generated in the United States. As of December 31, 2012 and 2011, ICG’s assets were located primarily in the United States.

The following summarizes selected information related to ICG’s segments for the years ended December 31, 2012, 2011 and 2010. The amounts presented as “Dispositions” in the following table represent (1) GovDocs, Inc. (“GovDocs”), a subsidiary of GovDelivery, which was sold on August 31, 2010, (2) our share of the results of Metastorm, which was sold on February 17, 2011, (3) our share of the results of ClickEquations, which was sold on June 11, 2011 (4) our share of the results of StarCite, Inc. which was sold on December 30, 2011 (5) GoIndustry, which was sold on July 5, 2012, (6) InvestorForce, which was sold on January 29, 2013 and (7) Channel Intelligence, a subsidiary of CIML, which was sold on February 20, 2013. All significant intersegment activity has been eliminated. Assets reflected in each operating segment are owned by a company in that operating segment.

Segment Information
(in thousands)
										Reconciling Items
	Core			Venture			Total Segment			Dispositions			Corporate			Other(1)		Consolidated Results
Year Ended December 31, 2012
Revenue	$	166,593		$	—		$	166,593		$	—		$	—		$	—	$	166,593
Net income (loss) attributable to ICG Group, Inc.	$	(9,312	)	$	(1	)	$	(9,313	)	$	(4,890	)	$	(20,042	)	$	57,234	$	22,989
Assets	$	337,775		$	13,007		$	350,782		$	82,505		$	14,475		$	—	$	447,759
Year Ended December 31, 2011
Revenue	$	133,437		$	—		$	133,437		$	—		$	—		$	—	$	133,437
Net income (loss) attributable to ICG Group, Inc.	$	10,951		$	(699	)	$	10,252		$	(10,121	)	$	(13,537	)	$	40,972	$	27,566
Assets	$	174,964		$	11,563		$	186,527		$	3,866		$	116,427		$	—	$	306,820
Year Ended December 31, 2010
Revenue	$	109,213		$	—		$	109,213		$	—		$	—		$	—	$	109,213
Net income (loss) attributable to ICG Group, Inc.	$	330		$	(572	)	$	(242	)	$	(13,856	)	$	(12,501	)	$	73,188	$	46,589
Assets	$	148,393		$	2,968		$	151,361		$	43,083		$	86,545		$	—	$	280,989

⁽¹⁾  The following table reflects the components in Other (in thousands):

	Year Ended December 31,
	2012			2011			2010
Corporate other income (loss) (Note 13)	$	57,826		$	43,207		$	74,507
Noncontrolling interest		(592	)		(2,235	)		(1,319	)
	$	57,234		$	40,972		$	73,188