Investments in Equity Interests

12 Months Ended

Dec. 31, 2013

Equity Method Investments and Joint Ventures [Abstract]

Investments in Equity Interests

6. Investment in Equity Interests

As of December 31, 2013, the Company's investments consisted of equity ownership in the following entities:

Company	Approximate % Ownership
Catchafire, Inc.	5.2%
Pricing Engine Inc.	17.4%
GigMasters.com, Inc.	25.0%

During the year ended December 31, 2013, the Company entered into an agreement to contribute $1.3 million in cash in exchange for a 25.0% equity investment in GigMasters.com Inc.

During the year ended December 31, 2012, the Company entered into an agreement to contribute $1.0 million in cash, plus the assets of a subsidiary of the Company, in exchange for a 17.4% equity investment in Pricing Engine Inc. As a result of this transaction, the subsidiary of the Company was deconsolidated.

The Company's investments above are accounted for under the equity method, and are reflected in “Investment in equity interests” in the Company's Consolidated Balance Sheets. Although the approximate ownership percentage for the investments in equity interests of Catchafire, Inc. and Pricing Engine Inc. are less than 20%, the Company concluded that equity method accounting was appropriate for these investments, based on the Company's ability to exercise significant influence through representation on each respective investee's board of directors.

The Company's proportionate shares of the operating results of its investments are recorded in “Loss in equity interests” in the Company's Consolidated Statements of Operations. Losses in equity interests for the years ended December 31, 2013, 2012 and 2011 were $2.0 million, $55,000 and $269,000, respectively. Loss in equity interests for the year ended December 31, 2013 includes an other-than-temporary impairment charge of $1.8 million, representing the full carrying value of the Pricing Engine, Inc. investment.