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Other Income (Loss)
 6 Months Ended
Jun. 30, 2013
Other Income (Loss)

10. Other Income (Loss)

Other income (loss), net consists of the effect of transactions and other events relating to ICG’s ownership interests and its operations in general.

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

2013

 

  

2012

 

 

2013

 

  

2012

 

Realized gains on sales of marketable securities (Note 5)             

$

  23

  

  

$

  1,446

  

 

$

  23

  

  

$

  1,446

  

Gains on sales/distributions of ownership interests             

 

—

  

  

 

  12

  

 

 

—

  

  

 

  220

  

Other             

 

(68

)  

  

 

  12

  

 

 

(126

)  

  

 

(39

) 

 

 

(45

)  

  

 

  1,470

  

 

 

(103

)  

  

 

  1,627

  

Total other income (loss) for consolidated core companies             

 

  106

  

  

 

(416

) 

 

 

(809

)  

  

 

(176

) 

 

$

  61

  

  

$

  1,054

  

 

$

(912

)  

  

$

  1,451

  

During the six months ended June 30, 2012, ICG received $0.2 million of escrow releases in connection with the disposition of Metastorm Inc. (“Metastorm”). This amount was recorded as a gain and is included in the line item “Other income (loss), net” on ICG’s Consolidated Statement of Operations in the relative period.

During the three and six months ended June 30, 2013, Procurian recorded foreign currency gains of $0.1 million and foreign currency losses of $0.8 million, respectively, related to changes in exchange rates associated with its operations in Europe, Asia and South America. During the three and six months ended June 30, 2012, Procurian recorded foreign currency losses of $0.4 million and $0.2 million, respectively, related to changes in exchange rates associated with its foreign operations. Those foreign currency gains and losses comprise the majority of the other income (loss) for ICG’s consolidated core companies included in the table above.