Ownership Interests in and Advances to Partner Companies and Funds

3 Months Ended

Mar. 31, 2016

Investments in and Advances to Affiliates, Schedule of Investments [Abstract]

Ownership Interests in and Advances to Partner Companies

The following summarizes the carrying value of the Company’s ownership interests in and advances to partner companies.



	March 31, 2016		December 31, 2015
	(Unaudited - In thousands)
Equity Method:
Partner companies	$	156,792	$	150,898
Private equity funds	869		942
	157,661		151,840
Cost Method:
Partner companies	5,774		5,024
Private equity funds	1,852		1,966
	7,626		6,990
Advances to partner companies	17,564		12,771
	$	182,851	$	171,601

In April 2016, the Company received $3.3 million associated with the achievement of the final performance milestone related to the December 2013 sale of ThingWorx, Inc. to PTC, Inc., resulting in a gain of $3.3 million which is included in Equity income (loss), net in the Consolidated Statements of Operations for the three months ended March 31, 2016. This amount was included in Prepaid expenses and other current assets in the Consolidated Balance Sheets as of March 31, 2016 as the Company was owed such amount as of March 31, 2016. In January 2016, the Company received $4.1 million in connection with the expiration of the escrow period related to the transaction, which was included in Prepaid expenses and other current assets in the Consolidated Balance Sheets as of December 31, 2015 as the Company had earned such amount as of December 31, 2015.