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Consolidated Businesses (Tables)
9 Months Ended
Sep. 30, 2014
Business Combinations [Abstract]  
Allocation of Purchase Price for Acquisitions and Enterprise Value of Channel Intelligence

The allocations of the purchase price related to the acquisitions of Superior Access and KMI to identified intangible assets and tangible assets and liabilities are as follows (in thousands):

 

 

 

Superior Access

 

 

KMI

 

Net assets acquired:

 

 

 

 

 

 

 

 

Goodwill

 

$

2,654

 

 

$

6,835

 

Customer lists (5-11 year life)

 

 

4,000

 

 

 

2,900

 

Trademarks, trade names and domain names (5-11 year life)

 

 

1,100

 

 

 

300

 

Technology (5 year life)

 

 

1,300

 

 

 

400

 

Other net assets (liabilities)

 

 

(343

)

 

 

1,165

 

 

 

$

8,711

 

 

$

11,600

 

 

Reconciliation of Activity Related to Redeemable Noncontrolling Interest

The following is a reconciliation of the activity related to Actua’s redeemable noncontrolling interest during the nine months ended September 30, 2014 and 2013 (in thousands):

 

Balance at December 31, 2012

$

3,383

 

Redeemable noncontrolling interest portion of subsidiary net income/(loss)

 

(102

)

Accretion to estimated redemption value

 

570

 

Balance at September 30, 2013

$

3,851

 

 

 

 

 

Balance at December 31, 2013

$

3,442

 

Redeemable noncontrolling interest portion of subsidiary net income/(loss)

 

(8

)

Accretion to estimated redemption value

 

1,940

 

Impact of subsidiary equity transactions

 

9

 

Balance at September 30, 2014

$

5,383

 

 

Pro Forma Information

The information in the following table represents the revenue, net income (loss) from continuing operations that would have been attributable to Actua Corporation and the net income (loss) from continuing operations per diluted share that would have been attributable to Actua Corporation for the relevant periods had Bolt owned Superior Access in the three- and nine- month periods ended September 30, 2013 and had MSDSonline owned KMI in the three- and nine- month periods ended September 30, 2014 and September 30, 2013, respectively (in thousands, except per share data).

 

 

Three Months

Ended September 30,

 

 

Nine Months

Ended September 30,

 

 

2014

 

 

2013

 

 

2014

 

 

2013

 

 

 

 

 

 

 

Revenue

$

21.1

 

 

$

18.3

 

 

$

60.8

 

 

$

51.2

 

Net income (loss) from continuing operations attributable to Actua

     Corporation

$

(13.1

)

 

$

(8.0

)

 

$

(37.4

)

 

$

(28.3

)

Net income (loss) from continuing operations per diluted share

     attributable to Actua Corporation

$

(0.35

)

 

$

(0.22

)

 

$

(1.00

)

 

$

(0.77

)