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Income Taxes
9 Months Ended
Sep. 30, 2014
Income Tax Disclosure [Abstract]  
Income Taxes

12. Income Taxes

Actua Corporation, GovDelivery, InvestorForce (through January 29, 2013, the date of disposition), MSDSonline, Procurian (through December 4, 2013, the date of disposition) and FolioDynamix (from November 3, 2014, the date of acquisition) file a consolidated federal income tax return. Bolt and QC Holdings are not included in Actua’s consolidated federal income tax return. For the nine months ended September 30, 2014 and 2013, a tax provision was recognized for state and foreign income taxes; no tax benefit for the loss from continuing operations was recognized as Actua maintains a full valuation allowance against its net deferred tax assets that it believes, after evaluating all the positive and negative evidence, both historical and prospective, is more likely than not to not be realized.

Additionally, a federal income tax benefit of $2.1 million was recognized in the three months ended September 30, 2014, which is offset by $2.1 million of income tax expense in discontinued operations, since there was a loss in continuing operations and income in discontinued operations in that same period.