The following table sets forth selected quarterly consolidated financial information for the years ended December 31, 2012 and 2011. The operating results for any given quarter are not necessarily indicative of results for any future period.


	Fiscal 2012 Quarter Ended												Fiscal 2011 Quarter Ended
	Mar.31			Jun.30			Sep.30			Dec.31			Mar.31			Jun.30			Sep.30			Dec.31
	(in thousands, except per share data)

Revenue		34,698			42,822			45,489			43,584		$	32,044		$	33,531		$	33,427		$	34,435
Operating Expenses
Cost of revenue		22,478			25,876			29,005			28,403			19,925			20,722			20,045			20,589
Sales and marketing		3,975			5,433			6,434			6,078			2,946			3,336			3,519			3,665
General and administrative		8,944			9,071			10,148			10,642			7,833			7,982			6,468			6,945
Research and development		2,527			3,327			4,215			4,106			2,244			2,467			2,272			2,174
Amortization of intangible assets		424			1,436			1,829			1,901			337			338			338			399
Impairment related and other		127			160			740			521			37			82			267			367

Total operating expenses		38,475			45,303			52,371			51,651			33,322			34,927			32,909			34,139

Operating income (loss)		(3,777	)		(2,481	)		(6,882	)		(8,067	)		(1,278	)		(1,396	)		518			296
Other income (loss), net		397			1,054			31,569			24,859			24,946			1,612			(374	)		16,440
Interest income		137			93			104			108			84			124			90			95
Interest expense		(108	)		(88	)		(159	)		(171	)		(146	)		(186	)		(145	)		(100	)

Income (loss) before income taxes, equity loss, discontinued operations and noncontrolling interest		(3,351	)		(1,422	)		24,632			16,729			23,606			154			89			16,731
Income tax (expense) benefit		(540	)		(392	)		(70	)		(334	)		(2,940	)		963			1,338			4,926
Equity loss		(2,303	)		(3,236	)		(1,607	)		(1,526	)		(3,576	)		(3,185	)		(3,245	)		(1,958	)


Income (loss) from continuing operations		(6,194	)		(5,050	)		22,955			14,869			17,090			(2,068	)		(1,818	)		19,699

Income (loss) from discontinued operations		(674	)		(292	)		(2,001	)		(32	)		(848	)		(911	)		(804	)		(539	)


Net income (loss)		(6,868	)		(5,342	)		20,954			14,837			16,242			(2,979	)		(2,622	)		19,160
Less: Net income attributable to the noncontrolling interest		152			652			(387	)		175			352			254			335			1,294

Net income (loss) attributable to ICG Group, Inc.	$	(7,020	)	$	(5,994	)	$	21,341		$	14,662		$	15,890		$	(3,233	)	$	(2,957	)	$	17,866


Amounts attributable to ICG Group, Inc.:
Net income (loss) from continuing operations	$	(6,488	)	$	(5,764	)	$	23,192		$	15,272		$	16,565		$	(2,519	)	$	(2,324	)	$	18,291
Net income (loss) from discontinued operations		(532	)		(230	)		(1,851	)		(610	)		(675	)		(714	)		(633	)		(425	)

Net income (loss)	$	(7,020	)	$	(5,994	)	$	21,341		$	14,662		$	15,890		$	(3,233	)	$	(2,957	)	$	17,866


Basic income (loss) per share ⁽¹⁾
Income (loss) from continuing operations	$	(0.18	)	$	(0.16	)	$	0.65		$	0.43		$	0.45		$	(0.07	)	$	(0.06	)	$	0.50
Income (loss) from discontinued operations		(0.01	)		(0.01	)		(0.05	)		(0.02	)		(0.02	)		(0.02	)		(0.02	)		(0.01	)

Net income (loss) attributable to ICG Group, Inc. operations	$	(0.19	)	$	(0.17	)	$	0.60		$	0.41		$	0.43		$	(0.09	)	$	(0.08	)	$	0.49


Shares used in computation of basic income (loss) per share ⁽¹⁾		36,156			35,917			35,650			35,840			36,944			36,961			36,556			36,170


Diluted income (loss) per share ⁽¹⁾
Income (loss) from continuing operations	$	(0.18	)	$	(0.16	)	$	0.64		$	0.42		$	0.44		$	(0.07	)	$	(0.06	)	$	0.50
Income (loss) from discontinued operations		(0.01	)		(0.01	)		(0.05	)		(0.02	)		(0.02	)		(0.02	)		(0.02	)		(0.01	)

Net income (loss) attributable to ICG Group, Inc.	$	(0.19	)	$	(0.17	)	$	0.59		$	0.40		$	0.42		$	(0.09	)	$	(0.08	)	$	0.49


Shares used in computation of diluted income (loss) per share ⁽¹⁾		36,156			35,917			36,273			36,912			37,991			36,961			36,556			36,633

⁽¹⁾	The sum of quarterly income (loss) per share differs from the full year amount due to changes in the number of shares outstanding during the year.