Segment Information

9 Months Ended

Sep. 30, 2013

Segment Information

9. Segment Information 

ICG has two reporting segments: the “core” segment and the “venture” segment. Businesses 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 businesses 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 businesses 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 businesses. For the periods presented, the core segment included the results of ICG’s consolidated core businesses, recorded ICG’s share of earnings and losses of its equity core businesses and captured ICG’s carrying value in its consolidated core businesses and equity core businesses. For the periods presented, the venture segment recorded ICG’s share of earnings and losses of venture businesses accounted for under the equity method of accounting and captured ICG’s carrying value in those businesses as well as ICG’s carrying value of its holdings in cost method businesses. For the nine months ended September 30, 2013, the venture segment also recorded the results of ICG’s consolidated venture business.

During the three and nine months ended September30, 2013, $0.6 million and $1.8 million, respectively, of ICG’s consolidated revenue relates to sales generated outside of the United States, primarily Europe and Canada. During the three and nine months ended September30, 2012, $0.2 million and $0.7 million, respectively, of ICG’s consolidated revenue relates to sales generated outside the United States, primarily Europe and Canada. The remaining consolidated revenue for the three- and nine-month periods ended September30, 2013 and 2012 primarily relates to sales generated in the United States. As of September 30, 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 nine months ended September30, 2013 and 2012, as well as the financial position of ICG’s segments as of September 30, 2013 and December31, 2012. The amounts presented as “Dispositions” in the following table reflect (1)ICG’s share of the results of GoIndustry, which was sold on July5, 2012, (2)InvestorForce, which was sold on January29, 2013,  (3)Channel Intelligence, a former subisidiary of CIML, which was sold on February20, 2013 and (4) Procurian, which entered into an agreement of merger on October 2, 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 September30, 2013
Revenue	$	16,071		$	—		$	16,071		$	—	$	—		$	—	$	16,071
Net income (loss) attributable to ICG Group, Inc.	$	(3,953	)	$	(394	)	$	(4,347	)	$	4,474	$	(4,372	)	$	913	$	(3,332	)
Three Months Ended September30, 2012
Revenue	$	7,384		$	614		$	7,998		$	—	$	—		$	—	$	7,998
Net income (loss) attributable to ICG Group, Inc.	$	(4,592	)	$	(1,611	)	$	(6,203	)	$	1,399	$	(5,468	)	$	31,613	$	21,341
Nine Months Ended September30, 2013
Revenue	$	41,092		$	429		$	41,521		$	—	$	—		$	—	$	41,521
Net income (loss) attributable to ICG Group, Inc.	$	(14,114	)	$	(1,883	)	$	(15,997	)	$	33,991	$	(13,970	)	$	4,854	$	8,878
Nine Months Ended September30, 2012
Revenue	$	16,995		$	614		$	17,609		$	—	$	—		$	—	$	17,609
Net income (loss) attributable to ICG Group, Inc.	$	(13,286	)	$	(2,836	)	$	(16,122	)	$	6,479	$	(14,466	)	$	32,436	$	8,327

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

	ThreeMonthsEndedSeptember30,				NineMonthsEndedSeptember30,
	2013		2012		2013			2012
Corporate other income (loss) (Note 11)	$	6	$	31,226	$	(97	)	$	32,853
Noncontrolling interest (income) loss		907		387		4,951			(417	)
	$	913	$	31,613	$	4,854		$	32,436

	Core			Venture			Total Segment			Dispositions			Corporate			Other			Consolidated Results
Assets as of:
September30, 2013	$	198,476	$		16,871	$		215,347	$		143,101	$		49,407	$		—	$		407,855
December31, 2012	$	185,160	$		17,822	$		202,982	$		229,605	$		14,472	$		—	$		447,059