Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2014

Fair Value Hierarchy of Financial Assets Measured at Fair Value on Recurring Basis

The fair value hierarchy of Actua’s financial assets measured at fair value on a recurring basis was as follows (in thousands):

	Asset at		Valuation Technique
	December 31, 2014		(Approach)	Level 1		Level 2		Level 3
Cash equivalents (money market accounts)	$	77,935	Market	$	77,935	$	-	$	-
	$	77,935		$	77,935	$	-	$	-

	Liability at		Valuation Technique
	December 31, 2014		(Approach)	Level 1		Level 2		Level 3
Acquisition Contingent Consideration Obligations	$	3,320	Income	$	-	$	-	$	3,320
	$	3,320		$	-	$	-	$	3,320

	Asset at		Valuation Technique
	December 31, 2013		(Approach)	Level 1		Level 2		Level 3
Cash equivalents (money market accounts and commercial paper investments)	$	325,652	Market	$	325,652	$	-	$	-
	$	325,652		$	325,652	$	-	$	-

Goodwill and Intangibles, Net, Measured on Non-Recurring Basis Using Market Approach

The carrying value of certain of Actua’s other financial instruments, including accounts receivable and accounts payable approximates fair value due to the short-term nature of those instruments. The fair value of Actua’s long-term debt is based on assumptions concerning the amount and timing of estimated future cash flows and assumed risk-adjusted discount rates. See Note 9, “Debt” for further discussion. Actua’s non-financial assets measured on a non-recurring basis using the market approach were as follows (in thousands):

	As of December 31,
	2014		2013
Significant unobservable inputs (Level 3):
Goodwill (annual impairment assessment)	$	264,186	$	90,466
Acquired intangible assets (periodic assessment, as necessary)		102,325		58,755
	$	366,511	$	149,221