Segment Information

3 Months Ended

Mar. 31, 2015

Segment Reporting [Abstract]

Segment Information

13. Segment Information

The results of operations of our businesses are reported in two segments:  the “vertical cloud” reporting segment and the “vertical cloud (venture)” reporting segment.  The vertical cloud reporting segment reflects the aggregate financial results of Actua’s businesses (1) that share the economic and other characteristics, (2) in which Actua’s management takes a very active role in providing strategic direction and operational support and (3) towards which Actua devotes relatively large proportions of its personnel, financial capital and other resources.  As of the date of this Report, Actua owns majority controlling equity positions in (and therefore consolidates the financial results of) the four businesses in the vertical cloud segment: Bolt, FolioDynamix, GovDelivery and MSDSonline.  Since Actua acquired FolioDynamix on November 3, 2014, FolioDynamix’s results are not included in the Consolidated Financial Statements for the three-month period ended March 31, 2014. The vertical cloud (venture) reporting segment includes businesses with many characteristics similar to those of the businesses in the vertical cloud segment, but in which Actua takes a less active role in terms of strategic direction and operational support, and, accordingly, towards which Actua devotes relatively small amounts of personnel, financial capital and other resources.

During the three months ended March 31, 2015 and 2014, approximately $1.6 million and $0.8 million, respectively, of Actua’s consolidated revenue relates to sales generated outside of the United States, primarily Europe and Canada. As of March 31, 2015 and December 31, 2014, Actua’s assets were located primarily in the United States.

The following summarizes selected information related to Actua’s segments for the three months ended March 31, 2015 and 2014. The amounts presented as “Dispositions” in the following table represent businesses reported as discontinued operations and/or Actua’s share of businesses’ results that had been accounted for under the equity method of accounting but were disposed of. During the three months ended March 31, 2014, Actua received a working capital adjustment of less than $0.1 million related to the sale of Procurian. That amount was recorded as a gain and is included in the line item “”Income (loss) from discontinued operations, including gain on sale, net of tax” in the Consolidated Financial Statements for the three-month period ended March 31, 2014. CIML was accounted for under the equity method of accounting until it ceased operations in September 2014. The gain related to the Procurian working capital adjustment reported as discontinued operations, as well as Actua’s share of CIML’s results (including the related intangible amortization recorded by Actua), which was removed from the vertical cloud (venture) segment, are included in “Dispositions” in the segment information table below for the relevant periods presented.

	Segment Information
	(in thousands)
									Reconciling Items
	Vertical Cloud			Vertical Cloud (Venture)		Total Segment			Dispositions			Other (1)			Consolidated
Three Months Ended March 31, 2015
Revenue	$	30,592		$	-	$	30,592		$	-		$	-		$	30,592
Net income (loss) attributable to     Actua Corporation	$	(7,947	)	$	-	$	(7,947	)	$	-		$	(6,818	)	$	(14,765	)
Three Months Ended March 31, 2014
Revenue	$	18,422		$	-	$	18,422		$	-		$	-		$	18,422
Net income (loss) attributable to     Actua Corporation	$	(4,614	)	$	-	$	(4,614	)	$	(264	)	$	(5,272	)	$	(10,150	)

⁽¹⁾ The following table reflects the components of Net income (loss) attributable to Actua Corporation included in Other (in thousands):

	Three Months Ended March 31,
	2015			2014
General and administrative	$	(9,291	)	$	(6,551	)
Impairment related and other		(95	)		-
Corporate other income (loss) (Note 10)		1,390			294
Interest income		18			81
Net loss attributable to the noncontrolling interest		1,160			904
Net income (loss)	$	(6,818	)	$	(5,272	)

	Vertical Cloud		Vertical Cloud (Venture)		Total Segment		Dispositions		Other		Consolidated Results
Assets as of:
March 31, 2015	$	427,399	$	16,617	$	444,016	$	2,989	$	66,020	$	513,025
December 31, 2014	$	418,063	$	16,117	$	434,180	$	2,998	$	91,920	$	529,098