Segment Information

6 Months Ended

Jun. 30, 2013

Segment Information

8. 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 ICG expects to devote relatively large proportions of its 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. For the periods presented, 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. For the periods presented, 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. For the six months ended June 30, 2013, the venture segment also recorded the results of ICG’s consolidated venture company.

During the three and six months ended June30, 2013, $4.8 million and $9.4 million, respectively, of ICG’s consolidated revenue relates to sales generated in Europe, primarily the United Kingdom and Switzerland. During the three and six months ended June30, 2012, $3.5 million and $5.9 million, respectively, of ICG’s consolidated revenue relates to sales generated in Europe, primarily the United Kingdom and Switzerland. The remaining consolidated revenue for the three- and six-month periods ended June30, 2013 and 2012 primarily relates to sales generated in the United States. As of June, 2013 and December31, 2012, ICG’s long-lived assets were located primarily in the United States.

The following summarizes selected information related to the results of operations of ICG’s segments for the three and six months ended June30, 2013 and 2012, as well as the financial position of ICG’s segments as of June30, 2013 and December31, 2012. The amounts presented as “Dispositions” in the following table represent (1)ICG’s share of the results of GoIndustry, which was sold on July5, 2012, (2)InvestorForce, which was sold on January29, 2013, and (3)Channel Intelligence, a former subisidiary of CIML, which was sold on February20, 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)
	Core			Venture			Total Segment			Dispositions			Corporate			Other(1)		Consolidated Results
Three Months Ended June30, 2013
Revenue	$	48,662		$	—		$	48,662		$	—		$	—		$	—	$	48,662
Net income (loss) attributable to ICG Group, Inc.	$	(3,052	)	$	(407	)	$	(3,459	)	$	100		$	(3,912	)	$	413	$	(6,858	)
Three Months Ended June30, 2012
Revenue	$	42,822		$	—		$	42,822		$	—		$	—		$	—	$	42,822
Net income (loss) attributable to ICG Group, Inc.	$	(1,723	)	$	(585	)	$	(2,308	)	$	(1,028	)	$	(3,476	)	$	818	$	(5,994	)
Six Months Ended June30, 2013
Revenue	$	94,572		$	429		$	95,001		$	—		$	—		$	—	$	95,001
Net income (loss) attributable to ICG Group, Inc.	$	(8,849	)	$	(1,489	)	$	(10,338	)	$	27,696		$	(9,089	)	$	3,941	$	12,210
Six Months Ended June30, 2012
Revenue	$	77,520		$	—		$	77,520		$	—		$	—		$	—	$	77,520
Net income (loss) attributable to ICG Group, Inc.	$	(2,312	)	$	(1,225	)	$	(3,537	)	$	(1,702	)	$	(8,598	)	$	823	$	(13,014	)

(1)

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

	ThreeMonthsEndedJune30,						SixMonthsEndedJune30,
	2013			2012				2013			2012
Corporate other income (loss) (Note 10)	$	(45	)	$	1,470			$	(103	)		$	1,627
Noncontrolling interest (income) loss		458			(652	)			4,044				(804	)
	$	413		$	818			$	3,941			$	823

	Core		Venture		Total Segment		Dispositions		Corporate		Other		Consolidated Results
Assets as of:
June30, 2013	$	325,846	$	16,615	$	342,461	$	—	$	65,350	$	—	$	407,811
December31, 2012	$	333,779	$	17,822	$	351,601	$	82,505	$	14,475	$	—	$	448,581