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Consolidated Businesses (Tables)
3 Months Ended
Mar. 31, 2015
Business Acquisition [Line Items]  
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 three months ended March 31, 2015 and 2014 (in thousands):

 

Balance at December 31, 2013

$

3,442

 

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

 

11

 

Accretion to estimated redemption value

 

594

 

Impact of subsidiary equity transactions

 

7

 

Balance at March 31, 2014

$

4,054

 

 

 

 

 

Balance at December 31, 2014

$

6,221

 

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

 

(68

)

Accretion to estimated redemption value

 

1,303

 

Equity transfer among owners

 

(3,339

)

Impact of subsidiary equity transactions

 

(631

)

Balance at March 31, 2015

$

3,486

 

 

FolioDynamix  
Business Acquisition [Line Items]  
Allocations of Purchase Price to Identified Intangible Assets and Tangible Assets and Liabilities

The following table summarizes the preliminary allocation of the consideration paid for FolioDynamix and the estimated fair value of the assets acquired and liabilities assumed.

 

 

 

(in thousands)

 

Consideration:

 

 

 

 

Cash consideration (including $0.7 million of working capital adjustment paid in 2015)

 

$

201,699

 

Fair value of stock options of FolioDynamix

 

 

4,125

 

 

 

$

205,824

 

 

 

 

 

 

Recognized amounts of identifiable assets acquired and liabilities assumed:

 

 

 

 

Financial assets

 

$

9,324

 

Property, plant and equipment

 

 

1,581

 

Customer lists (10 year life)

 

 

23,300

 

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

 

 

8,100

 

Technology (8 year life)

 

 

15,200

 

Financial liabilities

 

 

(14,397

)

Contingent consideration

 

 

(1,870

)

Deferred tax liability

 

 

(1,585

)

Total identifiable net assets

 

 

39,653

 

 

 

 

 

 

Goodwill

 

 

166,171

 

 

 

$

205,824

 

 

Other Acquisitions  
Business Acquisition [Line Items]  
Allocations of Purchase Price to Identified Intangible Assets and Tangible Assets and Liabilities

The allocations of the KMI, Ludwig and NuCivic purchase prices to identified intangible assets and tangible assets and liabilities are as follows (in thousands):

 

 

 

KMI

 

 

Ludwig

 

 

NuCivic

 

Net assets acquired:

 

 

 

 

 

 

 

 

 

 

 

 

Goodwill

 

$

6,735

 

 

$

314

 

 

$

1,257

 

Customer lists (5-11 year life)

 

 

2,900

 

 

 

2,658

 

 

 

202

 

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

 

 

300

 

 

 

-

 

 

 

330

 

Technology (5 year life)

 

 

400

 

 

 

-

 

 

 

-

 

Non-compete agreement (5 year life)

 

 

-

 

 

 

164

 

 

 

14

 

Other net assets (liabilities)

 

 

1,165

 

 

 

-

 

 

 

197

 

 

 

$

11,500

 

 

$

3,136

 

 

$

2,000

 

 

FolioDynamix, NuCivic, KMI  
Business Acquisition [Line Items]  
Pro Forma Information

The information in the following table represents the revenue, net income (loss) from continuing operations attributable to Actua Corporation and the net income (loss) from continuing operations per diluted share attributable to Actua Corporation for the three-month period ended March 31, 2014, had Actua owned FolioDynamix, Bolt owned Ludwig, GovDelivery owned NuCivic and MSDSonline owned KMI during that entire period. The information for the three-month period ended March 31, 2015 is shown for comparative purposes only.

 

 

 

Three Months Ended March 31,

 

 

 

2015

 

 

2014

 

 

 

(in thousands, except per share data)

 

 

 

 

 

 

 

 

 

 

Revenue

 

$

30.6

 

 

$

26.6

 

Net income (loss) from continuing operations attributable to Actua

     Corporation

 

$

(14.8

)

 

$

(11.8

)

Net income (loss) from continuing operations per diluted share

     attributable to Actua Corporation

 

$

(0.40

)

 

$

(0.32

)