0001047469-11-004675.txt : 20110506 0001047469-11-004675.hdr.sgml : 20110506 20110506083558 ACCESSION NUMBER: 0001047469-11-004675 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20110331 FILED AS OF DATE: 20110506 DATE AS OF CHANGE: 20110506 FILER: COMPANY DATA: COMPANY CONFORMED NAME: IAC/INTERACTIVECORP CENTRAL INDEX KEY: 0000891103 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-RETAIL STORES, NEC [5990] IRS NUMBER: 592712887 STATE OF INCORPORATION: DE FISCAL YEAR END: 1201 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 000-20570 FILM NUMBER: 11816720 BUSINESS ADDRESS: STREET 1: 152 WEST 57TH ST STREET 2: 42ND FLOOR CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: 2123147300 MAIL ADDRESS: STREET 1: 152 WEST 57TH ST STREET 2: 42ND FLOOR CITY: NEW YORK STATE: NY ZIP: 10019 FORMER COMPANY: FORMER CONFORMED NAME: INTERACTIVECORP DATE OF NAME CHANGE: 20030623 FORMER COMPANY: FORMER CONFORMED NAME: USA INTERACTIVE DATE OF NAME CHANGE: 20020508 FORMER COMPANY: FORMER CONFORMED NAME: USA NETWORKS INC DATE OF NAME CHANGE: 19980223 10-Q 1 a2203680z10-q.htm 10-Q
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As filed with the Securities and Exchange Commission on May 6, 2011

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549



FORM 10-Q




ý

 

QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the Quarterly Period Ended March 31, 2011

Or

o

 

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from                             to                            

Commission File No. 0-20570



IAC/INTERACTIVECORP
(Exact name of registrant as specified in its charter)

Delaware
(State or other jurisdiction of
incorporation or organization)
  59-2712887
(I.R.S. Employer
Identification No.)

555 West 18th Street, New York, New York 10011
(Address of registrant's principal executive offices)

(212) 314-7300
(Registrant's telephone number, including area code)

         Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ý    No o

         Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes ý    No o

         Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company. See the definitions of "large accelerated filer," "accelerated filer," and "smaller reporting company" in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer ý

  Accelerated filer o   Non-accelerated filer o
(Do not check if a smaller reporting company)
  Smaller reporting company o

         Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes o No ý

         As of April 22, 2011, the following shares of the registrant's common stock were outstanding:

Common Stock

    85,292,756  

Class B Common Stock

    4,595,378  
       

Total outstanding Common Stock

    89,888,134  
       

         The aggregate market value of the voting common stock held by non-affiliates of the registrant as of April 22, 2011 was $2,711,241,049. For the purpose of the foregoing calculation only, all directors and executive officers of the registrant are assumed to be affiliates of the registrant.



PART I
FINANCIAL INFORMATION

Item 1.    Consolidated Financial Statements


IAC/INTERACTIVECORP AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEET

 
  March 31, 2011   December 31, 2010  
 
  (unaudited)
  (audited)
 
 
  (In thousands, except share data)
 

ASSETS

             

Cash and cash equivalents

  $ 848,595   $ 742,099  

Marketable securities

    468,890     563,997  

Accounts receivable, net of allowance of $8,942 and $8,848, respectively

    131,735     119,581  

Other current assets

    118,115     118,308  
           
 

Total current assets

    1,567,335     1,543,985  

Property and equipment, net

    262,569     267,928  

Goodwill

    1,074,885     989,493  

Intangible assets, net

    248,431     245,044  

Long-term investments

    199,179     200,721  

Other non-current assets

    184,230     192,383  
           

TOTAL ASSETS

  $ 3,536,629   $ 3,439,554  
           

LIABILITIES AND SHAREHOLDERS' EQUITY

             

LIABILITIES:

             

Accounts payable, trade

  $ 57,943   $ 56,375  

Deferred revenue

    92,658     78,175  

Accrued expenses and other current liabilities

    254,018     222,323  
           
 

Total current liabilities

    404,619     356,873  

Long-term debt

    95,844     95,844  

Income taxes payable

    478,203     475,685  

Other long-term liabilities

    19,906     20,350  

Redeemable noncontrolling interests

    60,117     59,869  

Commitments and contingencies

             

SHAREHOLDERS' EQUITY:

             

Common stock $.001 par value; authorized 1,600,000,000 shares; issued 227,471,581 and 225,873,751 shares, respectively, and outstanding 85,268,800 and 84,078,621 shares, respectively

    227     226  

Class B convertible common stock $.001 par value; authorized 400,000,000 shares; issued 16,157,499 shares and outstanding 4,595,378 and 4,289,499 shares, respectively

    16     16  

Additional paid-in capital

    11,457,311     11,428,749  

Accumulated deficit

    (633,948 )   (652,018 )

Accumulated other comprehensive income

    20,843     17,546  

Treasury stock 153,764,902 and 153,663,130 shares, respectively

    (8,366,509 )   (8,363,586 )
           
 

Total shareholders' equity

    2,477,940     2,430,933  
           

TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY

  $ 3,536,629   $ 3,439,554  
           

The accompanying Notes to Consolidated Financial Statements are an integral part of these statements.

2



IAC/INTERACTIVECORP AND SUBSIDIARIES

CONSOLIDATED STATEMENT OF OPERATIONS

(Unaudited)

 
  Three Months Ended
March 31,
 
 
  2011   2010  
 
  (In thousands, except
per share data)

 

Revenue

  $ 460,213   $ 378,178  

Costs and expenses:

             
 

Cost of revenue (exclusive of depreciation shown separately below)

    172,718     131,149  
 

Selling and marketing expense

    140,250     130,381  
 

General and administrative expense

    76,291     73,964  
 

Product development expense

    17,722     14,792  
 

Depreciation

    13,439     15,793  
 

Amortization of intangibles

    2,457     3,174  
           

Total costs and expenses

    422,877     369,253  
           
 

Operating income

    37,336     8,925  

Equity in losses of unconsolidated affiliates

    (1,879 )   (22,613 )

Other income, net

    752     5,236  
           

Earnings (loss) from continuing operations before income taxes

    36,209     (8,452 )

Income tax provision

    (16,041 )   (6,145 )
           

Earnings (loss) from continuing operations

    20,168     (14,597 )

Loss from discontinued operations, net of tax

    (1,948 )   (4,727 )
           

Net earnings (loss)

    18,220     (19,324 )

Net (earnings) loss attributable to noncontrolling interests

    (150 )   619  
           

Net earnings (loss) attributable to IAC shareholders

  $ 18,070   $ (18,705 )
           

Per share information attributable to IAC shareholders:

             
 

Basic earnings (loss) per share from continuing operations

  $ 0.22   $ (0.12 )
 

Diluted earnings (loss) per share from continuing operations

  $ 0.21   $ (0.12 )
 

Basic earnings (loss) per share

  $ 0.20   $ (0.16 )
 

Diluted earnings (loss) per share

  $ 0.19   $ (0.16 )

Non-cash compensation expense by function:

             
 

Cost of revenue

  $ 1,082   $ 941  
 

Selling and marketing expense

    1,035     983  
 

General and administrative expense

    16,400     18,143  
 

Product development expense

    1,644     1,478  
           

Total non-cash compensation expense

  $ 20,161   $ 21,545  
           

The accompanying Notes to Consolidated Financial Statements are an integral part of these statements.

3



IAC/INTERACTIVECORP AND SUBSIDIARIES

CONSOLIDATED STATEMENT OF CASH FLOWS

(Unaudited)

 
  Three Months Ended
March 31,
 
 
  2011   2010  
 
  (In thousands)
 

Cash flows from operating activities attributable to continuing operations:

             

Net earnings (loss)

  $ 18,220   $ (19,324 )

Less: loss from discontinued operations, net of tax

    1,948     4,727  
           

Earnings (loss) from continuing operations

    20,168     (14,597 )

Adjustments to reconcile earnings (loss) from continuing operations to net cash provided by operating activities attributable to continuing operations:

             
 

Depreciation

    13,439     15,793  
 

Amortization of intangibles

    2,457     3,174  
 

Non-cash compensation expense

    20,161     21,545  
 

Deferred income taxes

    6,374     6,816  
 

Equity in losses of unconsolidated affiliates

    1,879     22,613  
 

Gain on sales of investments

    (846 )   (3,989 )

Changes in current assets and liabilities:

             
 

Accounts receivable

    (13,711 )   (12,129 )
 

Other current assets

    (1,008 )   (2,955 )
 

Accounts payable and other current liabilities

    (13,714 )   4,816  
 

Income taxes payable

    (195 )   6,997  
 

Deferred revenue

    14,263     6,544  

Other, net

    4,625     1,920  
           

Net cash provided by operating activities attributable to continuing operations

    53,892     56,548  
           

Cash flows from investing activities attributable to continuing operations:

             
 

Acquisitions, net of cash acquired

    (48,269 )   (9,759 )
 

Capital expenditures

    (8,294 )   (11,490 )
 

Proceeds from sales and maturities of marketable debt securities

    190,936     195,665  
 

Purchases of marketable debt securities

    (98,484 )   (284,933 )
 

Proceeds from sales of investments

    7,829     5,325  
 

Purchases of long-term investments

    (604 )   (213 )
 

Other, net

    40     (2,371 )
           

Net cash provided by (used in) investing activities attributable to continuing operations

    43,154     (107,776 )
           

Cash flows from financing activities attributable to continuing operations:

             
 

Purchase of treasury stock

        (246,154 )
 

Issuance of common stock, net of withholding taxes

    (1,081 )   2,471  
 

Excess tax benefits from stock-based awards

    9,680     4,800  
 

Other, net

    20      
           

Net cash provided by (used in) financing activities attributable to continuing operations

    8,619     (238,883 )
           

Total cash provided by (used in) continuing operations

    105,665     (290,111 )
           

Net cash used in activities attributable to discontinued operations

    (1,047 )   (386 )

Effect of exchange rate changes on cash and cash equivalents

    1,878     (3,228 )
           

Net increase (decrease) in cash and cash equivalents

    106,496     (293,725 )

Cash and cash equivalents at beginning of period

    742,099     1,245,997  
           

Cash and cash equivalents at end of period

  $ 848,595   $ 952,272  
           

The accompanying Notes to Consolidated Financial Statements are an integral part of these statements

4



IAC/INTERACTIVECORP AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTE 1—THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Nature of Operations

        IAC is a leading internet company with more than 50 brands serving consumer audiences across more than 30 countries…our mission is to harness the power of interactivity to make daily life easier and more productive for people all over the world. IAC includes the businesses comprising its Search segment; its Match and ServiceMagic segments; the businesses comprising its Media & Other segment; as well as investments in unconsolidated affiliates.

        All references to "IAC," the "Company," "we," "our" or "us" in this report are to IAC/InterActiveCorp.

Basis of Presentation

        The consolidated financial statements include the accounts of the Company, all entities that are wholly-owned by the Company and all entities in which the Company has a controlling financial interest, whether through voting interests or variable interests. The Company's consolidated financial statements include one variable interest entity, in which the Company has a controlling financial interest through voting rights and is also the primary beneficiary. Intercompany transactions and accounts have been eliminated. Investments in entities in which the Company has the ability to exercise significant influence over the operating and financial matters of the investee, but does not have a controlling financial interest, are accounted for using the equity method and are included in "Long-term investments" in the accompanying consolidated balance sheet.

        The accompanying unaudited consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles ("U.S. GAAP") for interim financial information and with the rules and regulations of the Securities and Exchange Commission ("SEC"). Accordingly, they do not include all of the information and notes required by U.S. GAAP for complete financial statements. In the opinion of management, the accompanying unaudited consolidated financial statements include all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation. Interim results are not necessarily indicative of the results that may be expected for a full year. The accompanying unaudited consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company's annual report on Form 10-K for the year ended December 31, 2010.

        The accompanying unaudited consolidated statements of operations and cash flows for the three months ended March 31, 2010 have been reclassified to present Evite, Gifts.com, IAC Advertising Solutions and InstantAction, all of which were previously reported in IAC's Media & Other segment, as discontinued operations. In addition, certain other prior year amounts have been reclassified to conform to the current year presentation.

Accounting Estimates

        The preparation of consolidated financial statements in accordance with U.S. GAAP requires management to make certain estimates and judgments that affect the reported amounts of assets, liabilities, revenue and expenses and the related disclosure of contingent assets and liabilities. Actual amounts could differ materially from these estimates. On an ongoing basis, the Company evaluates its estimates and judgments including those related to the fair values of marketable securities and other investments, goodwill and indefinite-lived intangible assets, the useful lives of definite-lived intangible assets and property and equipment, the carrying value of accounts receivable, including the determination of the allowances for doubtful accounts and other revenue related allowances, the

5



IAC/INTERACTIVECORP AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

NOTE 1—THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)


reserves for income tax contingencies and the valuation allowances for deferred income tax assets and the fair value of stock-based awards, among others. The Company bases its estimates and judgments on historical experience, its forecasts and budgets and other factors that the Company considers relevant.

Certain Risks and Concentrations

        A substantial portion of the Company's revenue is attributable to online advertising, the market for which is highly competitive and rapidly changing. Significant changes in this industry or changes in customer buying behavior or advertiser spending behavior could adversely affect our operating results. A significant majority of the Company's online advertising revenue is attributable to a paid listing supply agreement with Google Inc. ("Google"). On April 8, 2011, this agreement was amended and extended through March 31, 2016. For the three months ended March 31, 2011 and 2010, revenue earned from Google is $214.9 million and $171.5 million, respectively. The majority of this revenue is earned by the businesses comprising the Search segment. Accounts receivable related to revenue earned from Google totaled $77.3 million at March 31, 2011 and $70.5 million at December 31, 2010.

NOTE 2—CONSOLIDATED FINANCIAL STATEMENT DETAILS

Property and equipment, net

 
  March 31,
2011
  December 31,
2010
 
 
  (In thousands)
 

Buildings and leasehold improvements

  $ 234,483   $ 234,328  

Computer equipment and capitalized software

    184,441     183,055  

Furniture and other equipment

    41,394     41,930  

Projects in progress

    3,203     2,944  

Land

    5,117     5,117  
           

    468,638     467,374  

Less: accumulated depreciation and amortization

    (206,069 )   (199,446 )
           
 

Property and equipment, net

  $ 262,569   $ 267,928  
           

6



IAC/INTERACTIVECORP AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

NOTE 2—CONSOLIDATED FINANCIAL STATEMENT DETAILS (Continued)

Redeemable noncontrolling interests

 
  March 31, 2011   December 31, 2010  
 
  (In thousands)
 

Balance at January 1

  $ 59,869   $ 28,180  

Noncontrolling interests related to acquisitions

        23,583  

Noncontrolling interest created by a decrease in the ownership of a subsidiary

        15,750  

Contribution from owners of noncontrolling interests

    20     79  

Net earnings (loss) attributable to noncontrolling interests

    150     (5,007 )

Change in fair value of redeemable noncontrolling interests

        (2,059 )

Change in foreign currency translation adjustment

    78     (267 )

Other

        (390 )
           
 

Balance at end of period

  $ 60,117   $ 59,869  
           

Accumulated other comprehensive income

 
  March 31, 2011   December 31, 2010  
 
  (In thousands)
 

Foreign currency translation adjustment, net of tax

  $ 16,955   $ 16,027  

Unrealized gains on available-for-sale securities, net of tax

    3,888     1,519  
           
 

Accumulated other comprehensive income, net of tax

  $ 20,843   $ 17,546  
           

Other income (expense), net

 
  Three Months Ended
March 31,
 
 
  2011   2010  
 
  (In thousands)
 

Interest income

  $ 1,302   $ 1,635  

Interest expense

    (1,355 )   (1,323 )

Gain on sales of investments

    846     3,989  

Other

    (41 )   935  
           
 

Other income, net

  $ 752   $ 5,236  
           

7



IAC/INTERACTIVECORP AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

NOTE 2—CONSOLIDATED FINANCIAL STATEMENT DETAILS (Continued)

Comprehensive income (loss)

 
  Three Months Ended
March 31,
 
 
  2011   2010  
 
  (In thousands)
 

Net earnings (loss) attributable to IAC shareholders

  $ 18,070   $ (18,705 )
           

Change in foreign currency translation adjustment, net of tax

    928     (4,673 )

Change in net unrealized gains (losses) on available-for-sale securities, net of tax

    2,369     (5,209 )
           

Other comprehensive income (loss)

    3,297     (9,882 )
           
 

Comprehensive income (loss)

  $ 21,367   $ (28,587 )
           

        The specific-identification method is used to determine the cost of securities sold and the amount of unrealized gains and losses reclassified out of accumulated other comprehensive income into earnings. The amount of unrealized gains, net of tax, reclassified out of accumulated other comprehensive income into earnings related to the sales and maturities of available-for-sale securities for the three months ended March 31, 2011 and 2010 were $0.1 million and $2.5 million, respectively.

NOTE 3—INCOME TAXES

        At the end of each interim period, the Company makes its best estimate of the annual expected effective tax rate and applies that rate to its ordinary year-to-date earnings or loss. The income tax provision or benefit related to significant, unusual, or extraordinary items, if applicable, that will be separately reported or reported net of their related tax effect are individually computed and recognized in the interim period in which those items occur. In addition, the effect of changes in enacted tax laws or rates, tax status, or judgment on the realizability of a beginning-of-the-year deferred tax asset in future years is recognized in the interim period in which the change occurs.

        The computation of the annual expected effective tax rate at each interim period requires certain estimates and assumptions including, but not limited to, the expected pre-tax income (or loss) for the year, projections of the proportion of income (and/or loss) earned and taxed in foreign jurisdictions, permanent and temporary differences, and the likelihood of the realizability of deferred tax assets generated in the current year. The accounting estimates used to compute the provision or benefit for income taxes may change as new events occur, more experience is acquired, additional information is obtained or our tax environment changes. To the extent that the expected annual effective tax rate changes during a quarter, the effect of the change on prior quarters is included in income tax provision for the quarter in which the change occurs.

        For the three months ended March 31, 2011, the Company recorded an income tax provision for continuing operations of $16.0 million, which represents an effective tax rate of 44%. The tax rate for the three months ended March 31, 2011 is higher than the federal statutory rate of 35% due principally to interest for income tax contingencies and state taxes, partially offset by foreign income taxed at lower rates. For the three months ended March 31, 2010, the Company recorded an income tax provision for continuing operations of $6.1 million on a pre-tax loss of $8.5 million. The continuing operations income tax provision, despite a pre-tax loss, is due principally to a valuation allowance on the deferred tax asset created by the impairment charge for our investment in The HealthCentral Network, Inc. ("HealthCentral"), interest on income tax contingencies and state taxes.

8



IAC/INTERACTIVECORP AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

NOTE 3—INCOME TAXES (Continued)

        At March 31, 2011 and December 31, 2010, unrecognized tax benefits, including interest, are $490.2 million and $487.6 million, respectively. Of the total unrecognized tax benefits at March 31, 2011, $478.2 million is included in "non-current income taxes payable," $11.9 million relates to deferred tax assets included in "other non-current assets" and $0.1 million is included in "accrued expenses and other current liabilities." Included in unrecognized tax benefits at March 31, 2011 is $98.4 million relating to tax positions for which the ultimate deductibility is highly certain but for which there is uncertainty about the timing of such deductibility. If unrecognized tax benefits at March 31, 2011 are subsequently recognized, $106.1 million and $208.7 million, net of related deferred tax assets and interest, would reduce income tax provision for continuing operations and discontinued operations, respectively. In addition, a continuing operations income tax provision of $4.3 million would be required upon the subsequent recognition of unrecognized tax benefits for an increase in the Company's valuation allowance against certain deferred tax assets.

        The Company recognizes interest and, if applicable, penalties related to unrecognized tax benefits in income tax provision. Included in income tax provision for continuing operations and discontinued operations for the three months ended March 31, 2011 is a $2.1 million expense and a $1.5 million expense, respectively, net of related deferred taxes of $1.3 million and $0.9 million, respectively, for interest on unrecognized tax benefits. At March 31, 2011 and December 31, 2010, the Company has accrued $103.6 million and $97.7 million, respectively, for the payment of interest. At March 31, 2011 and December 31, 2010, the Company has accrued $5.0 million for penalties.

        The Company is routinely under audit by federal, state, local and foreign authorities in the area of income tax. These audits include questioning the timing and the amount of income and deductions and the allocation of income and deductions among various tax jurisdictions. The Internal Revenue Service ("IRS") has completed its review of the Company's tax returns for the years ended December 31, 2001 through 2003 and the proposed settlement has been submitted to the Joint Committee of Taxation for approval. The IRS is currently examining the Company's tax returns for the years ended December 31, 2004 through 2006. The statute of limitations for the years 2001 through 2006 has currently been extended to December 31, 2012. Various state, local and foreign jurisdictions are currently under examination, the most significant of which are California, New York and New York City for various tax years beginning with December 31, 2003. Income taxes payable include reserves considered sufficient to pay assessments that may result from examination of prior year tax returns. Changes to reserves from period to period and differences between amounts paid, if any, upon resolution of issues raised in audits and amounts previously provided may be material. Differences between the reserves for income tax contingencies and the amounts owed by the Company are recorded in the period they become known. The Company believes that it is reasonably possible that its unrecognized tax benefits could decrease by $64.3 million within twelve months of the current reporting date, of which approximately $15.7 million could decrease income tax provision, primarily due to settlements, expirations of statutes of limitation, and the reversal of deductible temporary differences that will primarily result in a corresponding decrease in net deferred tax assets. An estimate of other changes in unrecognized tax benefits, while potentially significant, cannot be made.

NOTE 4—BUSINESS COMBINATION

        On January 20, 2011, Match acquired OkCupid for $50.0 million in cash, plus potential additional consideration that is contingent upon OkCupid's 2011 earnings performance. The amount of the additional contingent consideration ranges from $0 to $40.0 million. The fair value of the contingent consideration arrangement at the acquisition date was $40.0 million and is included in "Accrued

9



IAC/INTERACTIVECORP AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

NOTE 4—BUSINESS COMBINATION (Continued)


expenses and other current liabilities" in the accompanying consolidated balance sheet at March 31, 2011. The Company estimated the fair value of the contingent consideration using a probability weighted earnings model, which incorporates significant unobservable inputs.

NOTE 5—MARKETABLE SECURITIES

        At March 31, 2011, available-for-sale marketable securities are as follows (in thousands):

 
  Amortized
Cost
  Gross
Unrealized
Gains
  Gross
Unrealized
Losses
  Estimated
Fair Value
 

Corporate debt securities

  $ 217,940   $ 701   $ (19 ) $ 218,622  

States of the U.S. and state political subdivisions

    110,192     407     (100 )   110,499  

U.S. Treasury securities

    124,937     25         124,962  
                   
 

Total debt securities

    453,069     1,133     (119 )   454,083  
 

Equity security

    10,224     4,583         14,807  
                   
 

Total marketable securities

  $ 463,293   $ 5,716   $ (119 ) $ 468,890  
                   

        At December 31, 2010, available-for-sale marketable securities are as follows (in thousands):

 
  Amortized
Cost
  Gross
Unrealized
Gains
  Gross
Unrealized
Losses
  Estimated
Fair Value
 

Corporate debt securities

  $ 237,406   $ 773   $ (16 ) $ 238,163  

States of the U.S. and state political subdivisions

    110,478     373     (230 )   110,621  

U.S. Treasury securities

    199,881     18         199,899  
                   
 

Total debt securities

    547,765     1,164     (246 )   548,683  
 

Equity securities

    12,896     2,418         15,314  
                   
 

Total marketable securities

  $ 560,661   $ 3,582   $ (246 ) $ 563,997  
                   

        The net unrealized gains in the tables above are included in accumulated other comprehensive income for their respective periods.

        The contractual maturities of debt securities classified as available-for-sale at March 31, 2011 are as follows (in thousands):

 
  Amortized
Cost
  Estimated
Fair Value
 

Due in one year or less

  $ 359,970   $ 360,676  

Due after one year through five years

    93,099     93,407  
           
 

Total

  $ 453,069   $ 454,083  
           

10



IAC/INTERACTIVECORP AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

NOTE 5—MARKETABLE SECURITIES (Continued)

        The following table summarizes investments in marketable securities that have been in a continuous unrealized loss position for less than twelve months (in thousands):

 
  March 31, 2011   December 31, 2010  
 
  Fair
Value
  Gross
Unrealized
Losses
  Fair
Value
  Gross
Unrealized
Losses
 

Corporate debt securities

  $ 14,848   $ (19 ) $ 34,552   $ (16 )

States of the U.S. and state political subdivisions

    15,665     (100 )   39,171     (230 )
                   
 

Total

  $ 30,513   $ (119 ) $ 73,723   $ (246 )
                   

        At March 31, 2011 and December 31, 2010, there are no investments in marketable securities that have been in a continuous unrealized loss position for twelve months or longer.

        Substantially all of the Company's debt securities are rated investment grade. Because the Company does not intend to sell any marketable securities and it is not more likely than not that the Company will be required to sell any marketable securities before recovery of their amortized cost bases, which may be maturity, the Company does not consider any of its marketable securities to be other-than-temporarily impaired at March 31, 2011.

        The following table presents the proceeds from sales and maturities of available-for-sale marketable securities and the related gross realized gains and losses (in thousands):

 
  Three Months Ended
March 31,
 
 
  2011   2010  

Proceeds from sales and maturities of available-for-sale marketable securities

  $ 198,765   $ 200,990  

Gross realized gains

    894     4,249  

Gross realized losses

    (18 )    

        Gross realized gains and losses from the sale of marketable securities and from the sale of investments are included in "Other income, net" in the accompanying consolidated statement of operations.

NOTE 6—EQUITY METHOD INVESTMENTS IN UNCONSOLIDATED AFFILIATES

        At March 31, 2011 and December 31, 2010, the carrying values of the Company's investments in unconsolidated affiliates accounted for under the equity method totaled $150.9 million and $148.6 million, respectively, and are included in "Long-term investments" in the accompanying consolidated balance sheet.

        During the first quarter of 2010, the Company recorded an $18.3 million impairment charge to write-down its investment in HealthCentral to fair value. The decline in value was determined to be other-than-temporary due to HealthCentral's continued losses and negative operating cash flows, which are due, in part, to macroeconomic and industry specific factors. The valuation of our investment in HealthCentral reflected the Company's assessment of these factors. The Company estimated the fair value of its investment in HealthCentral using a multiple of revenue approach in the context of a different valuation environment than that which prevailed when our initial investment was made. The Company records its share of the results of HealthCentral on a one-quarter lag and, along with the related impairment charge, includes it within "Equity in losses of unconsolidated affiliates" in the accompanying consolidated statement of operations.

11



IAC/INTERACTIVECORP AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

NOTE 7—FAIR VALUE MEASUREMENTS

        The Company categorizes its assets and liabilities measured at fair value into a fair value hierarchy that prioritizes the inputs used in pricing the asset or liability. The three levels of the fair value hierarchy are:

    Level 1: Observable inputs obtained from independent sources, such as quoted prices for identical assets and liabilities in active markets.

    Level 2: Other inputs that are observable directly or indirectly, such as quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active and inputs that are derived principally from or corroborated by observable market data. The fair value of the Company's level 2 financial assets is primarily obtained from observable market prices for identical underlying securities that may not be actively traded. Certain of these securities may have different market prices from multiple market data sources, in which case a weighted average market price is used.

    Level 3: Unobservable inputs for which there is little or no market data and require the Company to develop its own assumptions, based on the best information available in the circumstances, about the assumptions market participants would use in pricing the asset or liability. See below for a discussion of assets measured at fair value using level 3 inputs.

        The following tables present the Company's assets and liabilities that are measured at fair value on a recurring basis:

 
  March 31, 2011  
 
  Quoted Market
Prices in Active
Markets for
Identical Assets
(Level 1)
  Significant
Other
Observable
Inputs
(Level 2)
  Significant
Unobservable
Inputs
(Level 3)
  Total
Fair Value
Measurements
 
 
  (In thousands)
 

Assets:

                         

Cash equivalents:

                         
 

Treasury and government agency money market funds

  $ 386,478   $   $   $ 386,478  
 

Commercial paper

        289,088         289,088  
 

Time deposits

        25,650         25,650  

Marketable securities:

                         
 

Corporate debt securities

        218,622         218,622  
 

States of the U.S. and state political subdivisions

        110,499         110,499  
 

U.S. Treasury securities

    124,962             124,962  
 

Equity security

    14,807             14,807  

Long-term investments:

                         
 

Auction rate security

            9,050     9,050  
                   

Total

  $ 526,247   $ 643,859   $ 9,050   $ 1,179,156  
                   

Liabilities:

                         

Contingent consideration arrangement

  $   $   $ 40,000   $ 40,000  
                   

Total

  $   $   $ 40,000   $ 40,000  
                   

12



IAC/INTERACTIVECORP AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

NOTE 7—FAIR VALUE MEASUREMENTS (Continued)

 

 
  December 31, 2010  
 
  Quoted Market
Prices in Active
Markets for
Identical Assets
(Level 1)
  Significant
Other
Observable
Inputs
(Level 2)
  Significant
Unobservable
Inputs
(Level 3)
  Total
Fair Value
Measurements
 
 
  (In thousands)
 

Assets:

                         

Cash equivalents:

                         
 

Treasury and government agency money market funds

  $ 275,108   $   $   $ 275,108  
 

Commercial paper

        309,183         309,183  
 

Time deposits

        26,050         26,050  

Marketable securities:

                         
 

Corporate debt securities

        238,163         238,163  
 

States of the U.S. and state political subdivisions

        110,621         110,621  
 

U.S. Treasury securities

    199,899             199,899  
 

Equity security

    15,314             15,314  

Long-term investments:

                         
 

Auction rate securities

            13,100     13,100  
                   

Total

  $ 490,321   $ 684,017   $ 13,100   $ 1,187,438  
                   

        The following table presents the changes in the Company's assets and liabilities that are measured at fair value on a recurring basis using significant unobservable inputs (Level 3):

 
  Three Months Ended March 31,  
 
  2011   2010  
 
  Auction Rate
Securities
  Contingent
Consideration
Arrangement
  Auction Rate
Securities
 
 
  (In thousands)
 

Balance at January 1

  $ 13,100   $   $ 12,635  

Total net gains (realized and unrealized):

                   
 

Included in other comprehensive income

    950         785  

Fair value at date of acquisition

        40,000      

Settlements

    (5,000 )        
               

Balance at March 31

  $ 9,050   $ 40,000   $ 13,420  
               

        There are no gains or losses included in earnings for the three months ended March 31, 2011 and 2010, relating to the Company's assets and liabilities that are measured at fair value on a recurring basis using significant unobservable inputs.

13



IAC/INTERACTIVECORP AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

NOTE 7—FAIR VALUE MEASUREMENTS (Continued)

Auction rate securities

        Historically, the Company's auction rate securities ("ARS") had determinable market values arising from the auction process. However, these auctions began to fail in the third quarter of 2007. As a result of these failed auctions, the ARS no longer have readily determinable market values and are instead valued by discounting the estimated future cash flow streams of the securities over the lives of the securities. Credit spreads and other risk factors are also considered in establishing a fair value. During the first quarter of 2011, one of the ARS was redeemed at its par value of $5.0 million. The cost basis of ARS is $10.0 million and $15.0 million at March 31, 2011 and December 31, 2010, respectively, with gross unrealized losses of $1.0 million and $1.9 million at March 31, 2011 and December 31, 2010, respectively. At March 31, 2011, the remaining auction rate security is rated A/WR. Due to its high credit rating and because the Company does not intend to sell this security and it is not more likely than not that the Company will be required to sell this security before recovery of its amortized cost basis, which may be maturity, the Company does not consider the auction rate security to be other-than-temporarily impaired at March 31, 2011. The unrealized losses are included in "Accumulated other comprehensive income" in the accompanying consolidated balance sheet. The remaining auction rate security matures in 2035.

Contingent consideration arrangement

        See Note 4 for information regarding the contingent consideration arrangement.

Assets measured at fair value on a nonrecurring basis

        The Company's non-financial assets, such as goodwill, intangible assets and property and equipment, as well as equity and cost method investments, are measured at fair value only when an impairment charge is recognized. Such impairment charges incorporate fair value measurements predominantly based on Level 3 inputs. See Note 6 for a description of an impairment charge recorded in the first quarter of 2010 related to an equity method investment.

NOTE 8—FINANCIAL INSTRUMENTS

        The fair values of the financial instruments listed below have been determined by the Company using available market information and appropriate valuation methodologies.

 
  March 31, 2011   December 31, 2010  
 
  Carrying
Value
  Fair
Value
  Carrying
Value
  Fair
Value
 
 
  (In thousands)
 

Cash and cash equivalents

  $ 848,595   $ 848,595   $ 742,099   $ 742,099  

Marketable securities

    468,890     468,890     563,997     563,997  

Auction rate securities

    9,050     9,050     13,100     13,100  

Notes receivable

    3,289     2,728     3,316     2,818  

Contingent consideration arrangement

    (40,000 )   (40,000 )        

Long-term debt

    (95,844 )   (85,036 )   (95,844 )   (83,363 )

Guarantee of equity method investee debt

    (4,000 )   (4,000 )        

Letters of credit and surety bond

    N/A     (346 )   N/A     (362 )

14



IAC/INTERACTIVECORP AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

NOTE 8—FINANCIAL INSTRUMENTS (Continued)

        The carrying value of cash equivalents approximates fair value due to their short-term maturity. The fair value of notes receivable is based on discounting the expected future cash flow streams using yields of the underlying credit. The fair value of long-term debt is estimated using quoted market prices or indices for similar liabilities and taking into consideration other factors such as credit quality and maturity. The fair value of the letters of credit and surety bond are based on the present value of the costs associated with maintaining these instruments over their expected term. See Note 5 for discussion of the fair value of marketable securities, Note 7 for discussion of the fair value of the auction rate securities and Note 4 for discussion of the fair value of the contingent consideration arrangement.

        In connection with the formation of The Newsweek Daily Beast Company joint venture on January 31, 2011, the Company guaranteed, on a recourse basis, 50% of The Newsweek Daily Beast Company's $10.0 million line of credit. At March 31, 2011, $8.0 million had been drawn on this line of credit. The carrying value of the Company's investment in this joint venture is $(5.1) million, which includes the Company's proportionate share of the guarantee. The carrying value of the investment is included in "Accrued expenses and other current liabilities" in the accompanying consolidated balance sheet at March 31, 2011.

        At March 31, 2011 and December 31, 2010, the carrying values of the Company's investments accounted for under the cost method totaled $39.2 million and $39.0 million, respectively, and are included in "Long-term investments" in the accompanying consolidated balance sheet. The Company evaluates each cost method investment for impairment on a quarterly basis and recognizes an impairment loss if a decline in value is determined to be other-than-temporary. Such impairment evaluations include, but are not limited to: the current business environment, including competition; going concern considerations such as financial condition, the rate at which the investee company utilizes cash and the investee company's ability to obtain additional financing to achieve its business plan; the need for changes to the investee company's existing business model due to changing business environments and its ability to successfully implement necessary changes; and comparable valuations. If the Company has not identified events or changes in circumstances that may have a significant adverse effect on the fair value of a cost method investment, then the fair value of such cost method investment is not estimated, as it is impracticable to do so.

15



IAC/INTERACTIVECORP AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

NOTE 9—EARNINGS (LOSS) PER SHARE

        The following table sets forth the computation of basic and diluted earnings (loss) per share attributable to IAC shareholders.

 
  Three Months Ended March 31,  
 
  2011   2010  
 
  Basic   Diluted   Basic   Diluted  
 
  (In thousands, except per share data)
 

Numerator:

                         

Earnings (loss) from continuing operations

  $ 20,168   $ 20,168   $ (14,597 ) $ (14,597 )

Net (earnings) loss attributable to noncontrolling interests

    (150 )   (150 )   619     619  
                   

Earnings (loss) from continuing operations attributable to IAC shareholders

    20,018     20,018     (13,978 )   (13,978 )

Loss from discontinued operations, net of tax

    (1,948 )   (1,948 )   (4,727 )   (4,727 )
                   

Net earnings (loss) attributable to IAC shareholders

  $ 18,070   $ 18,070   $ (18,705 ) $ (18,705 )
                   

Denominator:

                         

Weighted average basic shares outstanding

    89,081     89,081     116,446     116,446  

Dilutive securities including stock options, warrants, RSUs and PSUs(a)(b)

        4,595          
                   

Denominator for earnings per share—weighted average shares(a)(b)

    89,081     93,676     116,446     116,446  
                   

Earnings (loss) per share attributable to IAC shareholders:

                         

Earnings (loss) per share from continuing operations

  $ 0.22   $ 0.21   $ (0.12 ) $ (0.12 )

Discontinued operations, net of tax

    (0.02 )   (0.02 )   (0.04 )   (0.04 )
                   

Earnings (loss) per share

  $ 0.20   $ 0.19   $ (0.16 ) $ (0.16 )
                   

(a)
If the effect is dilutive, weighted average common shares outstanding include the incremental shares that would be issued upon the assumed exercise of stock options and warrants and vesting of restricted stock units ("RSUs") and performance stock units ("PSUs"). For the three months ended March 31, 2011, approximately 12.4 million shares related to potentially dilutive securities are excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive.

(b)
For the three months ended March 31, 2010, the Company had a loss from continuing operations and as a result, no potentially dilutive securities were included in the denominator for computing dilutive earnings per share because the impact would have been anti-dilutive. Accordingly, the weighted average basic shares outstanding were used to compute all earnings per share amounts. For the three months ended March 31, 2010, approximately 39.0 million shares related to potentially dilutive securities were excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive.

NOTE 10—SEGMENT INFORMATION

        The overall concept that IAC employs in determining its operating segments is to present the financial information in a manner consistent with how the chief operating decision maker and executive

16



IAC/INTERACTIVECORP AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

NOTE 10—SEGMENT INFORMATION (Continued)


management view the businesses, how the businesses are organized as to segment management, and the focus of the businesses with regards to the types of services or products offered or the target market. Entities included in discontinued operations are excluded from the tables below. Operating segments are combined for reporting purposes if they meet certain aggregation criteria, which principally relate to the similarity of their economic characteristics or, in the case of Media & Other, do not meet the quantitative thresholds that require presentation as separate operating segments.

 
  Three Months Ended
March 31,
 
 
  2011   2010  
 
  (In thousands)
 

Revenue:

             
 

Search

  $ 248,604   $ 198,961  
 

Match

    111,597     89,275  
 

ServiceMagic

    46,293     42,212  
 

Media & Other

    54,280     48,115  
 

Inter-segment elimination

    (561 )   (385 )
           
 

Total

  $ 460,213   $ 378,178  
           

 

 
  Three Months Ended
March 31,
 
 
  2011   2010  
 
  (In thousands)
 

Operating Income (Loss):

             
 

Search

  $ 49,088   $ 31,057  
 

Match

    23,429     13,702  
 

ServiceMagic

    3,808     2,396  
 

Media & Other

    (3,724 )   (3,812 )
 

Corporate

    (35,265 )   (34,418 )
           
 

Total

  $ 37,336   $ 8,925  
           

 

 
  Three Months Ended
March 31,
 
 
  2011   2010  
 
  (In thousands)
 

Operating Income Before Amortization:

             
 

Search

  $ 49,386   $ 31,541  
 

Match

    24,988     14,806  
 

ServiceMagic

    4,177     2,859  
 

Media & Other

    (3,366 )   (2,396 )
 

Corporate

    (15,231 )   (13,166 )
           
 

Total

  $ 59,954   $ 33,644  
           

17



IAC/INTERACTIVECORP AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

NOTE 10—SEGMENT INFORMATION (Continued)

 

 
  Three Months Ended
March 31,
 
 
  2011   2010  
 
  (In thousands)
 

Depreciation:

             
 

Search

  $ 6,981   $ 9,063  
 

Match

    2,300     3,028  
 

ServiceMagic

    1,070     918  
 

Media & Other

    809     540  
 

Corporate

    2,279     2,244  
           
 

Total

  $ 13,439   $ 15,793  
           

        Revenue by geography is based on where the customer is located. Geographic information about the United States and international territories is presented below:

 
  Three Months Ended
March 31,
 
 
  2011   2010  
 
  (In thousands)
 

Revenue:

             
 

United States

  $ 372,662   $ 314,442  
 

All other countries

    87,551     63,736  
           
 

Total

  $ 460,213   $ 378,178  
           

 

 
  March 31,
2011
  December 31,
2010
 
 
  (In thousands)
 

Long-lived assets (excluding goodwill and intangible assets):

             
 

United States

  $ 261,643   $ 267,060  
 

All other countries

    926     868  
           
 

Total

  $ 262,569   $ 267,928  
           

        The Company's primary metric is Operating Income Before Amortization, which is defined as operating income excluding, if applicable: (1) non-cash compensation expense, (2) amortization and impairment of intangibles, (3) goodwill impairment, (4) pro forma adjustments for significant acquisitions, and (5) one-time items. The Company believes this measure is useful to investors because it represents the operating results from IAC's segments, taking into account depreciation, which it believes is an ongoing cost of doing business, but excluding the effects of any other non-cash expenses. Operating Income Before Amortization has certain limitations in that it does not take into account the impact to IAC's statement of operations of certain expenses, including non-cash compensation and acquisition-related accounting. IAC endeavors to compensate for the limitations of the non-U.S. GAAP measure presented by providing the comparable U.S. GAAP measure with equal or greater prominence, financial statements prepared in accordance with U.S. GAAP and descriptions of the reconciling items, including quantifying such items, to derive the non-U.S. GAAP measure.

18



IAC/INTERACTIVECORP AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

NOTE 10—SEGMENT INFORMATION (Continued)

        The following tables reconcile Operating Income Before Amortization to operating income (loss) for the Company's reporting segments and to net earnings (loss) attributable to IAC shareholders in total (in thousands):

 
  Three Months Ended March 31, 2011  
 
  Operating
Income Before
Amortization
  Non-Cash
Compensation
Expense
  Amortization
of Intangibles
  Operating
Income
(Loss)
 

Search

  $ 49,386   $   $ (298 ) $ 49,088  

Match

    24,988         (1,559 )   23,429  

ServiceMagic

    4,177         (369 )   3,808  

Media & Other

    (3,366 )   (127 )   (231 )   (3,724 )

Corporate

    (15,231 )   (20,034 )       (35,265 )
                   
 

Total

  $ 59,954   $ (20,161 ) $ (2,457 )   37,336  
                     

Equity in losses of unconsolidated affiliates

    (1,879 )

Other income, net

    752  
                         

Earnings from continuing operations before income taxes

    36,209  

Income tax provision

    (16,041 )
                         

Earnings from continuing operations

    20,168  

Loss from discontinued operations, net of tax

    (1,948 )
                         

Net earnings

    18,220  

Net earnings attributable to noncontrolling interests

    (150 )
                         

Net earnings attributable to IAC shareholders

  $ 18,070  
                         

 

 
  Three Months Ended March 31, 2010  
 
  Operating
Income Before
Amortization
  Non-Cash
Compensation
Expense
  Amortization
of Intangibles
  Operating
Income
(Loss)
 

Search

  $ 31,541   $ (147 ) $ (337 ) $ 31,057  

Match

    14,806     (26 )   (1,078 )   13,702  

ServiceMagic

    2,859         (463 )   2,396  

Media & Other

    (2,396 )   (120 )   (1,296 )   (3,812 )

Corporate

    (13,166 )   (21,252 )       (34,418 )
                   
 

Total

  $ 33,644   $ (21,545 ) $ (3,174 )   8,925  
                     

Equity in losses of unconsolidated affiliates

    (22,613 )

Other income, net

    5,236  
                         

Loss from continuing operations before income taxes

    (8,452 )

Income tax provision

    (6,145 )
                         

Loss from continuing operations

    (14,597 )

Loss from discontinued operations, net of tax

    (4,727 )
                         

Net loss

    (19,324 )

Net loss attributable to noncontrolling interests

    619  
                         

Net loss attributable to IAC shareholders

  $ (18,705 )
                         

19



IAC/INTERACTIVECORP AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

NOTE 11—CONTINGENCIES

        In the ordinary course of business, the Company is a party to various lawsuits. The Company establishes reserves for specific legal matters when it determines that the likelihood of an unfavorable outcome is probable and the loss is reasonably estimable. Management has also identified certain other legal matters where we believe an unfavorable outcome is not probable and, therefore, no reserve is established. Although management currently believes that resolving claims against us, including claims where an unfavorable outcome is reasonably possible, will not have a material impact on the liquidity, results of operations, or financial condition of the Company, these matters are subject to inherent uncertainties and management's view of these matters may change in the future. The Company also evaluates other contingent matters, including tax contingencies, to assess the probability and estimated extent of potential loss. It is possible that an unfavorable outcome of one or more of these lawsuits or other contingencies could have a material impact on the liquidity, results of operations, or financial condition of the Company. See Note 3 for additional information related to income tax contingencies.

NOTE 12—SUPPLEMENTAL CASH FLOW INFORMATION

Non-Cash Transactions for the Three Months Ended March 31, 2011

        On February 8, 2011, in connection with the tax-free exchange with Liberty Media Corporation in the fourth quarter of 2010, the Company received 0.1 million shares of IAC common stock, valued at $2.9 million, in fulfillment of post-closing working capital adjustments.

        On January 31, 2011, IAC contributed The Daily Beast, previously reported in IAC's Media & Other segment, to a newly formed venture with Harman Newsweek called The Newsweek Daily Beast Company. Pursuant to this transaction, IAC and Harman Newsweek each own 50% of The Newsweek Daily Beast Company and operate it jointly.

        The consideration for the acquisition of OkCupid on January 20, 2011 includes a contingent consideration arrangement which is described in Note 4.

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Item 2.    Management's Discussion and Analysis of Financial Condition and Results of Operations

GENERAL

Management Overview

        IAC is a leading internet company with more than 50 brands serving consumer audiences across more than 30 countries… our mission is to harness the power of interactivity to make daily life easier and more productive for people all over the world. IAC includes the businesses comprising its Search segment; its Match and ServiceMagic segments; the businesses comprising its Media & Other segment; as well as investments in unconsolidated affiliates.

        For a more detailed description of the Company's operating businesses, see the Company's annual report on Form 10-K for the year ended December 31, 2010.

Results of Operations for the three months ended March 31, 2011 compared to the three months ended March 31, 2010

        Set forth below are the contributions made by our various segments and corporate operations to consolidated revenue, operating income (loss) and Operating Income Before Amortization (as defined in IAC's Principles of Financial Reporting) for the three months ended March 31, 2011 and 2010 (dollars in thousands).

 
  Three Months Ended March 31,  
 
  2011   Growth   2010*  

Revenue:

                   

Search

  $ 248,604     25 % $ 198,961  

Match

    111,597     25 %   89,275  

ServiceMagic

    46,293     10 %   42,212  

Media & Other

    54,280     13 %   48,115  

Inter-segment elimination

    (561 )   (46 )%   (385 )
                 
 

Total

  $ 460,213     22 % $ 378,178  
                 

 

 
  Three Months Ended March 31,  
 
  2011   Growth   2010*  

Operating Income (Loss):

                   

Search

  $ 49,088     58 % $ 31,057  

Match

    23,429     71 %   13,702  

ServiceMagic

    3,808     59 %   2,396  

Media & Other

    (3,724 )   2 %   (3,812 )

Corporate

    (35,265 )   (2 )%   (34,418 )
                 
 

Total

  $ 37,336     318 % $ 8,925  
                 

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  Three Months Ended March 31,  
 
  2011   Growth   2010*  

Operating Income Before Amortization:

                   

Search

  $ 49,386     57 % $ 31,541  

Match

    24,988     69 %   14,806  

ServiceMagic

    4,177     46 %   2,859  

Media & Other

    (3,366 )   (40 )%   (2,396 )

Corporate

    (15,231 )   (16 )%   (13,166 )
                 
 

Total

  $ 59,954     78 % $ 33,644  
                 

*
In the fourth quarter of 2010, IAC exchanged (on a tax-free basis) our Evite, Gifts.com and IAC Advertising Solutions businesses and cash for substantially all of Liberty Media Corporation's ("Liberty") equity stake in IAC and InstantAction ceased operations. Accordingly, the results of these businesses, which were all previously reported in IAC's Media & Other segment are excluded from the tables above and are presented as discontinued operations.

        Refer to Note 10 to the consolidated financial statements for reconciliations by segment of Operating Income Before Amortization to operating income (loss).

Consolidated Results

Revenue

 
  Three Months Ended March 31,  
 
  2011   % Change   2010  
 
  (Dollars in thousands)
 

Revenue

  $ 460,213   22%   $ 378,178  

        Revenue in 2011 increased $82.0 million from 2010 primarily as a result of revenue increases of $49.6 million from Search, $22.3 million from Match, $6.2 million from Media & Other and $4.1 million from ServiceMagic. The increase in revenue from Search reflects strong growth from Mindspark's B2B and proprietary operations as well as improvements from destination websites and CityGrid Media. The increase in revenue from Match reflects strong growth from Match.com U.S., People Media and Chemistry.com (collectively referred to as "Core"). Also contributing to the increase in revenue from Match is the full quarter contribution of Singlesnet, acquired March 2, 2010, Match's venture with Meetic in Latin America, which was not in the prior year period, and OkCupid, acquired January 20, 2011. The increase in revenue from Media & Other was driven by growth at Shoebuy, Notional, Electus and Vimeo, partially offset by a decline at Pronto and the inclusion in 2010 of revenue associated with profit participations related to our former interest in Reveille. The increase in revenue from ServiceMagic benefited from growth in both its domestic and international operations.

        A substantial portion of the Company's revenue is attributable to online advertising. A significant majority of the Company's online advertising revenue is attributable to a paid listing supply agreement with Google Inc. ("Google"). On April 8, 2011, this agreement was amended and extended through March 31, 2016. For the three months ended March 31, 2011 and 2010, revenue earned from Google is $214.9 million and $171.5 million, respectively. The majority of this revenue is earned by the businesses comprising the Search segment.

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Cost of revenue

 
  Three Months Ended March 31,  
 
  2011   % Change   2010  
 
  (Dollars in thousands)
 

Cost of revenue

  $ 172,718     32%   $ 131,149  

As a percentage of revenue

    38%   285 bp     35%
 


bp
= basis points

        Cost of revenue consists primarily of traffic acquisition costs. Traffic acquisition costs consist of payments made to partners who distribute Mindspark's customized browser-based applications, integrate our paid listings into their websites or direct traffic to our websites. These payments include amounts based on revenue share and other arrangements. Cost of revenue also includes Shoebuy's cost of products sold and shipping and handling costs, as well as expenses associated with the operation of the Company's data centers, including compensation and other employee-related costs (including stock-based compensation) for personnel engaged in data center functions, rent, energy and bandwidth costs, and content acquisition costs.

        Cost of revenue in 2011 increased $41.6 million from 2010 primarily due to increases of $27.9 million from Search, $8.2 million from Media & Other and $4.2 million from Match. The increase in cost of revenue from Search was primarily due to an increase of $24.5 million in traffic acquisition costs related to the increase in revenue. As a percentage of revenue, traffic acquisition costs increased over the prior year due to an increase in the proportion of revenue from customized browser-based applications and other arrangements with third parties who direct traffic to our websites. Cost of revenue from Media & Other increased due to an increase of $3.2 million in the cost of products sold and $1.1 million in shipping and handling costs at Shoebuy resulting from increased sales and higher fuel costs. Also contributing to the increase in cost of sales from Media & Other are increases from Notional and Electus, partially offset by a decrease from The Daily Beast which, following the formation of The Newsweek Daily Beast Company joint venture with Harman Newsweek on January 31, 2011, has been accounted for as an equity method investment. The increase in cost of revenue from Match was primarily due to the acquisition of Singlesnet and the formation of the Latin America venture, which was not in the prior year period, as well as an increase in compensation and other employee-related costs, due in part, to an increase in average headcount.

Selling and marketing expense

 
  Three Months Ended March 31,  
 
  2011   % Change   2010  
 
  (Dollars in thousands)
 

Selling and marketing expense

  $ 140,250     8%   $ 130,381  

As a percentage of revenue

    30%   (400) bp     34%
 

        Selling and marketing expense consists primarily of advertising and promotional expenditures and compensation and other employee-related costs (including stock-based compensation) for personnel engaged in sales, sales support and customer service functions. Advertising and promotional expenditures include online marketing, including fees paid to search engines and third parties that distribute Mindspark's downloadable applications, and offline marketing, including television and radio advertising.

        Selling and marketing expense in 2011 increased $9.9 million from 2010 primarily due to increases of $6.8 million from Match and $5.7 million from Search, partially offset by a decrease of $2.3 million from Media & Other. The increase in selling and marketing expense from Match is due to an increase of $7.2 million in advertising and promotional expenditures, due in part, to advertising spend associated

23



with an agreement entered into during the second quarter of 2010 with Yahoo! Inc. and the formation of the Latin America venture, which was not in the prior year period. The increase in selling and marketing expense from Search is due to an increase of $6.4 million in advertising and promotional expenditures, driven primarily by marketing efforts related to new product launches at Mindspark, partially offset by a decrease in compensation and other employee-related costs. Selling and marketing expense from Media & Other decreased primarily due to lower online marketing costs at Pronto.

General and administrative expense

 
  Three Months Ended March 31,  
 
  2011   % Change   2010  
 
  (Dollars in thousands)
 

General and administrative expense

  $ 76,291     3%   $ 73,964  

As a percentage of revenue

    17%   (298) bp     20%
 

        General and administrative expense consists primarily of compensation and other employee-related costs (including stock-based compensation) for personnel engaged in executive management, finance, legal, tax and human resources, facilities costs and fees for professional services.

        General and administrative expense in 2011 increased $2.3 million from 2010 primarily due to increases of $1.9 million from ServiceMagic, $1.0 million from Match and $0.9 million from Media & Other, partially offset by a decrease of $1.7 million from Search. General and administrative expense at ServiceMagic increased primarily due to the inclusion in 2010 of a reversal of a $1.5 million provision for contingent consideration related to the 2009 acquisition of Market Hardware, which was not earned. The increase in general and administrative expense from Match is primarily due to an increase in professional fees. The increase in general and administrative expense from Media & Other is principally due to Electus, Proust and Mobile Hatch, which was not in the prior year period, partially offset by The Daily Beast, which has been accounted for as an equity method investment from January 31, 2011 as described above. The decrease in general and administrative expense from Search is primarily due to a decrease in litigation related expenses.

Product development expense

 
  Three Months Ended March 31,  
 
  2011   % Change   2010  
 
  (Dollars in thousands)
 

Product development expense

  $ 17,722     20%   $ 14,792  

As a percentage of revenue

    4%   (6) bp     4%
 

        Product development expense consists primarily of compensation and other employee-related costs (including stock-based compensation) that are not capitalized for personnel engaged in the design, development, testing and enhancement of product offerings and related technology.

        Product development expense in 2011 increased $2.9 million from 2010 primarily due to increases of $1.8 million from Search and $0.9 million from Match. Contributing to the increase in product development expense at Search is a decrease in costs being capitalized in the current year period as compared to the prior year period related to the development and enhancement of IAC Search & Media's product offerings and related technology, partially offset by lower compensation and other employee-related costs, due in part, to the Ask.com restructuring that took place during the fourth quarter of 2010. The increase in product development expense from Match is primarily due to an increase in compensation and other employee-related costs.

24


Depreciation

 
  Three Months Ended March 31,  
 
  2011   % Change   2010  
 
  (Dollars in thousands)
 

Depreciation expense

  $ 13,439     (15)%   $ 15,793  

As a percentage of revenue

    3%   (126) bp     4%
 

        Depreciation in 2011 decreased $2.4 million from 2010 primarily due to the write-off of certain capitalized software costs associated with the Ask.com restructuring that took place in the fourth quarter of 2010.

Operating Income Before Amortization

 
  Three Months Ended March 31,  
 
  2011   % Change   2010  
 
  (Dollars in thousands)
 

Operating Income Before Amortization

  $ 59,954     78%   $ 33,644  

As a percentage of total revenue

    13%   413 bp     9%
 

        Operating Income Before Amortization in 2011 increased $26.3 million from 2010 primarily due to increases of $17.8 million from Search and $10.2 million from Match. The increase in Operating Income Before Amortization reflects, in each case, higher revenue, as well as lower depreciation from Search and lower selling and marketing expense as a percentage of revenue from Match.

Operating income

 
  Three Months Ended March 31,  
 
  2011   % Change   2010  
 
  (Dollars in thousands)
 

Operating income

  $ 37,336     318%   $ 8,925  

As a percentage of revenue

    8%   575 bp     2%
 

        Operating income in 2011 increased $28.4 million from 2010 primarily due to an increase of $26.3 million in Operating Income Before Amortization described above and decreases of $1.4 million in non-cash compensation expense and $0.7 million in amortization of intangibles. The decrease in non-cash compensation expense is primarily related to awards becoming fully vested subsequent to the first quarter of 2010, partially offset by the reassessment made in the fourth quarter of 2010 of the number of performance based restricted stock units that will ultimately vest.

        At March 31, 2011, there was $148.4 million of unrecognized compensation cost, net of estimated forfeitures, related to all equity-based awards, which is expected to be recognized over a weighted average period of approximately 2.3 years.

Other income (expense)

 
  Three Months Ended March 31,  
 
  2011   % Change   2010  
 
  (Dollars in thousands)
 

Equity in losses of unconsolidated affiliates

  $ (1,879 )   (92)%   $ (22,613 )

Other income, net

    752     (86)%     5,236  

        Equity in losses of unconsolidated affiliates in 2011 decreased $20.7 million from 2010 primarily due to the inclusion in 2010 of an $18.3 million impairment charge to write-down the Company's investment in The HealthCentral Network, Inc. ("HealthCentral") to fair value. Equity in losses of

25



unconsolidated affiliates in 2011 includes losses related to the Company's investment in The Newsweek Daily Beast Company, partially offset by the positive contribution from our investment in Meetic. The Company recognized a loss in the prior year period related to its investment in Meetic primarily due to the amortization of intangibles, which is required by purchase accounting rules.

        Other income, net in 2011 decreased $4.5 million from 2010 due to the inclusion in 2010 of a gain of $4.0 million related to the sale of certain securities.

Income tax provision

 
  Three Months Ended March 31,  
 
  2011   % Change   2010  
 
  (Dollars in thousands)
 

Income tax provision

  $ (16,041 ) NM   $ (6,145 )

        In 2011, the Company recorded an income tax provision for continuing operations of $16.0 million, which represents an effective tax rate of 44%. The 2011 tax rate is higher than the federal statutory rate of 35% due principally to interest for income tax contingencies and state taxes, partially offset by foreign income taxed at lower rates. In 2010, the Company recorded an income tax provision for continuing operations of $6.1 million on a pre-tax loss of $8.5 million. The continuing operations income tax provision, despite a pre-tax loss, is due principally to a valuation allowance on the deferred tax asset created by the impairment charge for our investment in HealthCentral, interest on income tax contingencies and state taxes.

        At March 31, 2011 and December 31, 2010, the Company has unrecognized tax benefits of $386.6 million and $389.9 million, respectively. Unrecognized tax benefits at March 31, 2011 decreased by $3.3 million from December 31, 2010 due principally to the reversal of state tax reserves based upon the receipt of favorable income tax rulings and a net decrease in deductible temporary differences, partially offset by an increase in reserves related to a cost sharing and buy-in arrangement with a foreign subsidiary. The Company recognizes interest and, if applicable, penalties related to unrecognized tax benefits in income tax provision. Included in income tax provision for continuing operations and discontinued operations for the three months ended March 31, 2011 is a $2.1 million expense and a $1.5 million expense, respectively, net of related deferred taxes of $1.3 million and $0.9 million, respectively, for interest on unrecognized tax benefits. At March 31, 2011 and December 31, 2010, the Company has accrued $103.6 million and $97.7 million, respectively, for the payment of interest. At March 31, 2011 and December 31, 2010, the Company has accrued $5.0 million for penalties.

        The Company is routinely under audit by federal, state, local and foreign authorities in the area of income tax. These audits include questioning the timing and the amount of income and deductions and the allocation of income and deductions among various tax jurisdictions. The Internal Revenue Service ("IRS") has completed its review of the Company's tax returns for the years ended December 31, 2001 through 2003 and the proposed settlement has been submitted to the Joint Committee of Taxation for approval. The IRS is currently examining the Company's tax returns for the years ended December 31, 2004 through 2006. The statute of limitations for the years 2001 through 2006 has currently been extended to December 31, 2012. Various state, local and foreign jurisdictions are currently under examination, the most significant of which are California, New York and New York City for various tax years beginning with December 31, 2003. Income taxes payable include reserves considered sufficient to pay assessments that may result from examination of prior year tax returns. Changes to reserves from period to period and differences between amounts paid, if any, upon resolution of issues raised in audits and amounts previously provided may be material. Differences between the reserves for income tax contingencies and the amounts owed by the Company are recorded in the period they become known. The Company believes that it is reasonably possible that its unrecognized tax benefits could decrease by $64.3 million within twelve months of the current reporting date, of which approximately

26



$15.7 million could decrease income tax provision, primarily due to settlements, expirations of statutes of limitation, and the reversal of deductible temporary differences that will primarily result in a corresponding decrease in net deferred tax assets. An estimate of other changes in unrecognized tax benefits, while potentially significant, cannot be made.

Discontinued operations

 
  Three Months Ended March 31,  
 
  2011   % Change   2010  
 
  (Dollars in thousands)
 

Loss from discontinued operations, net of tax

  $ (1,948 )   (59)%   $ (4,727 )

        The 2011 amount is primarily due to interest on income tax contingencies. The 2010 amount is principally due to losses of InstantAction and interest on income tax contingencies and reserves for penalties.

27


Recoverability of Goodwill and Indefinite-Lived Intangible Assets

        Of the Company's six reporting units with goodwill, IAC Search & Media and Shoebuy have fair values closest to their carrying values. The amount of goodwill of each of these two reporting units is $534.0 million and $21.7 million, respectively, at March 31, 2011. To illustrate the magnitude of potential impairment charges related to potential future changes in estimated fair values, had the estimated fair values of each of these two reporting units been hypothetically lower by 20% at October 1, 2010, the date of our most recent annual impairment assessment, the carrying values of IAC Search & Media and Shoebuy would have exceeded their fair values by approximately $9 million and $3 million, respectively. If operating results of these two businesses vary significantly from anticipated results, future, and in the case of IAC Search & Media, potentially material, impairments of goodwill and/or indefinite-lived intangible assets could occur.

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Segment Results

        In addition to the discussion of consolidated results above, the following is a discussion of the results of each segment.

    Search

        Our Search segment includes Mindspark, a digital consumer products business consisting of our proprietary operations through which we develop, market and distribute downloadable applications, and our B2B operations, which provide customized browser-based applications for software and media companies; destination websites, including Ask.com and Dictionary.com, through which we provide search and additional services; and CityGrid Media, an online media company that aggregates and integrates local ads and content and distributes them to publishers across web and mobile platforms.

        Revenue increased 25% to $248.6 million, reflecting strong growth from Mindspark's B2B and proprietary operations as well as improvements from destination websites and CityGrid Media. The revenue growth in Mindspark's B2B operations was driven by increased engagement from existing partners as well as the contribution from new partners while the growth in the proprietary business was driven primarily by the nearly 30 new products launched since the prior year period. The revenue growth in destination websites reflects increased marketing efforts while the growth in CityGrid Media revenue primarily reflects the contribution from new resellers.

        Operating Income Before Amortization increased 57% to $49.4 million, primarily due to the higher revenue noted above and a decrease of $2.1 million in depreciation, partially offset by increases of $24.5 million in traffic acquisition costs and $5.7 million in selling and marketing expense. The decrease in depreciation is primarily due to the write-off of certain capitalized software costs associated with the Ask.com restructuring that took place in the fourth quarter of 2010. The increase in traffic acquisition costs is primarily due to the increase in revenue. As a percentage of revenue, traffic acquisition costs increased over the prior year period due to an increase in the proportion of revenue from customized browser-based applications and other arrangements with third parties who direct traffic to our websites. The increase in selling and marketing expense is primarily due to an increase in advertising and promotional expenditures associated with new product launches at Mindspark, partially offset by a decrease in compensation and other employee-related costs.

        Operating income increased 58% to $49.1 million, primarily due to the increase in Operating Income Before Amortization described above and a slight decrease in non-cash compensation expense.

    Match

        Revenue increased 25% to $111.6 million, benefiting from strong growth within its Core and Developing operations. Match's Developing operations consist of OkCupid, Singlesnet, mobile-only products and its international operations. Core revenue increased 18% to $93.3 million driven by a 22% increase in subscribers. Developing revenue increased 82% to $18.3 million driven by the full quarter contribution of Singlesnet, as well as from Match's venture with Meetic in Latin America and the acquisition of OkCupid, neither of which were reflected in the prior year period.

        Operating Income Before Amortization increased 69% to $25.0 million, growing at a faster rate than revenue primarily due to lower selling and marketing expense as a percentage of revenue.

        Operating income increased 71% to $23.4 million, primarily due to the increase in Operating Income Before Amortization described above, partially offset by an increase of $0.5 million in amortization of intangibles.

29


    ServiceMagic

        Revenue increased 10% to $46.3 million, benefiting from growth in its domestic and international operations. Domestically, revenue growth reflects a 9% increase in accepted service requests, which was driven by an 11% increase in service professionals, partially offset by lower average accepted service request fees. Average accepted service request fees were impacted by a shift in mix to lower value service requests. Domestic service requests declined 1% primarily due to reduced marketing efforts in the current year period. Domestic growth also reflects an increase in revenue from website fulfillment and hosting services. ServiceMagic's international revenue growth reflects an 85% increase in accepted service requests. A service request can be transmitted to more than one service professional and is deemed accepted upon transmission.

        Operating Income Before Amortization increased 46% to $4.2 million, primarily due to the higher revenue noted above and a decrease, domestically, of $1.7 million in selling and marketing expense. The decrease in selling and marketing expense is primarily driven by a decrease of $1.4 million in advertising and promotional expenditures related principally to offline marketing. Operating Income Before Amortization in 2010 benefited from the reversal of a $1.5 million provision for contingent consideration related to the 2009 acquisition of Market Hardware, which was not earned.

        Operating income increased 59% to $3.8 million, primarily due to the increase in Operating Income Before Amortization described above and a slight decrease in amortization of intangibles.

    Media & Other

        Revenue increased 13% to $54.3 million primarily reflecting growth at Shoebuy, Notional, Electus and Vimeo, partially offset by a decline at Pronto and the inclusion in 2010 of $3.1 million in revenue associated with profit participations related to our former interest in Reveille.

        Operating Income Before Amortization loss increased by $1.0 million to a loss of $3.4 million. Losses increased primarily due to the inclusion in 2010 of profit participations related to our former interest in Reveille; reduced profitability at Pronto due to lower revenue; and investments in Hatch Labs, which was not in the prior year period, and Proust. These items more than offset the reduced losses from The Daily Beast, which has been accounted for as an equity method investment following the formation of the Newsweek Daily Beast Company joint venture with Harman Newsweek on January 31, 2011.

        Operating loss decreased by $0.1 million to $3.7 million, despite the increase in Operating Income Before Amortization loss described above due to a decrease of $1.1 million in amortization of intangibles.

    Corporate

        Operating Income Before Amortization loss increased by $2.1 million to a loss of $15.2 million reflecting higher compensation and other employee-related costs and the inclusion in 2010 of a non-income tax refund.

        Operating loss increased $0.8 million to $35.3 million primarily due to the increase in Operating Income Before Amortization loss described above, partially offset by a decrease of $1.2 million in non-cash compensation expense. The decrease in non-cash compensation expense is primarily related to awards becoming fully vested subsequent to the first quarter of 2010, partially offset by the reassessment made in the fourth quarter of 2010 of the number of performance based restricted stock units that will ultimately vest.

30



FINANCIAL POSITION, LIQUIDITY AND CAPITAL RESOURCES

        At March 31, 2011, the Company had $848.6 million of cash and cash equivalents, $468.9 million of marketable securities and $95.8 million in long-term debt. Long-term debt consists of $80.0 million in Liberty Bonds due September 1, 2035 and $15.8 million in 7% Senior Notes due January 15, 2013.

        During the three months ended March 31, 2011, the Company did not purchase any shares of its common stock. In connection with the tax-free exchange with Liberty in the fourth quarter of 2010, the Company received 0.1 million shares of IAC common stock in February 2011 in fulfillment of post-closing working capital adjustments. During the three months ended March 31, 2010, the Company purchased 11.1 million shares of IAC common stock for aggregate consideration, on a trade date basis, of $245.5 million. On February 26, 2010, the Company's Board of Directors authorized the repurchase of up to 20 million shares of IAC common stock. At April 22, 2011, IAC had approximately 7.2 million shares remaining in its share repurchase authorization. IAC may purchase shares over an indefinite period of time, depending on those factors IAC management deems relevant at any particular time, including, without limitation, market conditions, share price and future outlook.

        Net cash provided by operating activities attributable to continuing operations is $53.9 million and $56.5 million in 2011 and 2010, respectively. The decrease of $2.7 million in net cash provided by operating activities attributable to continuing operations is primarily due to the timing of payments related to accounts payable. Further decreasing net cash provided by operating activities attributable to continuing operations is cash income tax refunds in 2010 as compared to cash income tax payments in 2011, partially offset by higher income in 2011.

        Net cash provided by investing activities attributable to continuing operations in 2011 of $43.2 million includes net proceeds of $92.5 million related to purchases, sales and maturities of marketable debt securities and the proceeds of $7.8 million primarily related to the redemption of one of the Company's auction rate securities, partially offset by acquisitions, net of cash acquired, of $48.3 million and capital expenditures of $8.3 million. Net cash used in investing activities attributable to continuing operations in 2010 of $107.8 million includes net purchases of $89.3 million related to the purchases, sales and maturities of marketable debt securities, capital expenditures of $11.5 million and acquisitions, net of cash acquired, of $9.8 million, partially offset by the proceeds of $5.3 million from the sale of certain securities.

        Net cash provided by financing activities attributable to continuing operations in 2011 of $8.6 million includes excess tax benefits from stock-based awards of $9.7 million. Net cash used in financing activities attributable to continuing operations in 2010 of $238.9 million includes the purchase of treasury stock of $246.2 million, partially offset by excess tax benefits from stock-based awards of $4.8 million.

        IAC anticipates that it will need to make capital and other expenditures in connection with the development and expansion of its operations. The Company may make a number of acquisitions which could result in the reduction of its cash and/or marketable securities balance or the incurrence of debt. IAC expects that 2011 capital expenditures will be slightly less than 2010. IAC believes that its cash on hand along with its anticipated operating cash flows in 2011 and its access to capital markets are sufficient to fund its operating needs, capital, investing and other commitments and contingencies for the foreseeable future.

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CONTRACTUAL OBLIGATIONS

 
  Payments Due by Period  
Contractual Obligations(a)
  Total   Less Than
1 Year
  1-3 Years   3-5 Years   More Than
5 Years
 
 
  (In thousands)
 

Long-term debt(b)

  $ 196,062   $ 5,109   $ 24,953   $ 8,000   $ 158,000  

Purchase obligations(c)

    64,388     16,178     31,847     16,363      

Operating leases

    287,412     21,340     35,830     25,848     204,394  
                       

Total contractual cash obligations

  $ 547,862   $ 42,627   $ 92,630   $ 50,211   $ 362,394  
                       

(a)
At March 31, 2011, the Company has recorded $490.2 million of unrecognized tax benefits which includes accrued interest of $103.6 million. This amount includes $314.7 million for unrecognized tax benefits and related interest that could result in future net cash payments to taxing authorities. The Company cannot make a reasonably reliable estimate of the expected period of cash settlement of these items.

(b)
Represents contractual amounts due, including interest.

(c)
The purchase obligations primarily include advertising commitments, which commitments are reducible or terminable such that these commitments can never exceed associated revenue by a meaningful amount. Purchase obligations also include minimum payments due under telecommunication contracts related to data transmission lines.

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IAC'S PRINCIPLES OF FINANCIAL REPORTING

        IAC reports Operating Income Before Amortization as a supplemental measure to generally accepted accounting principles ("GAAP"). This measure is one of the primary metrics by which we evaluate the performance of our businesses, on which our internal budgets are based and by which management is compensated. We believe that investors should have access to, and we are obligated to provide, the same set of tools that we use in analyzing our results. This non-GAAP measure should be considered in addition to results prepared in accordance with GAAP, but should not be considered a substitute for or superior to GAAP results. IAC endeavors to compensate for the limitations of the non-GAAP measure presented by providing the comparable GAAP measure with equal or greater prominence, financial statements prepared in accordance with GAAP, and descriptions of the reconciling items, including quantifying such items, to derive the non-GAAP measure. We encourage investors to examine the reconciling adjustments between the GAAP and non-GAAP measure which we discuss below.

Definition of IAC's Non-GAAP Measure

        Operating Income Before Amortization is defined as operating income excluding, if applicable: (1) non-cash compensation expense, (2) amortization and impairment of intangibles, (3) goodwill impairment, (4) pro forma adjustments for significant acquisitions, and (5) one-time items. We believe this measure is useful to investors because it represents the consolidated operating results from IAC's segments, taking into account depreciation, which we believe is an ongoing cost of doing business, but excluding the effects of any other non-cash expenses. Operating Income Before Amortization has certain limitations in that it does not take into account the impact to IAC's statement of operations of certain expenses, including non-cash compensation and acquisition-related accounting.

Pro Forma Results

        We will only present Operating Income Before Amortization on a pro forma basis if we view a particular transaction as significant in size or transformational in nature. For the periods presented in this report, there are no transactions that we have included on a pro forma basis.

One-Time Items

        Operating Income Before Amortization is presented before one-time items, if applicable. These items are truly one-time in nature and non-recurring, infrequent or unusual, and have not occurred in the past two years or are not expected to recur in the next two years, in accordance with the Securities and Exchange Commission rules. GAAP results include one-time items. For the periods presented in this report, there are no one-time items.

Non-Cash Expenses That Are Excluded From IAC's Non-GAAP Measure

        Non-cash compensation expense consists principally of expense associated with the grants, including unvested grants assumed in acquisitions, of stock options, restricted stock units ("RSUs") and performance-based RSUs. These expenses are not paid in cash, and we include the related shares in our fully diluted shares outstanding which, for stock options and RSUs, are included on a treasury method basis, and for performance-based RSUs are included on a treasury method basis once the performance conditions are met. Upon the exercise of certain stock options and vesting of RSUs and performance-based RSUs, the awards are settled, at the Company's discretion, on a net basis, with the Company remitting the required tax withholding amount from its current funds.

        Amortization of intangibles (including impairment of intangibles, if applicable) and goodwill impairment (if applicable) are non-cash expenses relating primarily to acquisitions. At the time of an acquisition, the identifiable definite-lived intangible assets of the acquired company, such as customer

33



lists, technology and supplier agreements, are valued and amortized over their estimated lives. Value is also assigned to acquired indefinite-lived intangible assets, which comprise trade names and trademarks, and goodwill that are not subject to amortization. An impairment is recorded when the carrying value of an intangible asset or goodwill exceeds its fair value. While it is likely that we will have significant intangible amortization expense as we continue to acquire companies, we believe that intangible assets represent costs incurred by the acquired company to build value prior to acquisition and the related amortization and impairment charges of intangible assets or goodwill, if applicable, are not ongoing costs of doing business.


RECONCILIATION OF OPERATING INCOME BEFORE AMORTIZATION

        For a reconciliation of Operating Income Before Amortization to operating income (loss) by business and to net earnings (loss) attributable to IAC shareholders in total for the three months ended March 31, 2011 and 2010, see Note 10 to the consolidated financial statements.

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Item 3.    Quantitative and Qualitative Disclosures about Market Risk

Interest Rate Risk

        The Company's exposure to market rate risk for changes in interest rates relates primarily to the Company's investment portfolio and long-term debt.

Investment Portfolio

        The Company invests its excess cash in certain cash equivalents and marketable debt securities, which consist primarily of money market instruments and short-to-intermediate-term debt securities issued by the U.S. government, U.S. governmental agencies, states of the U.S. and subdivisions thereof and investment grade corporate issuers. The Company employs a methodology that considers available evidence in evaluating potential impairment of its investments. Investments are considered to be impaired when a decline in fair value below the amortized cost basis is determined to be other-than-temporary. If a decline in fair value is determined to be other-than-temporary, an impairment charge is recorded and a new cost basis in the investment is established.

        Based on the Company's total investment in marketable debt securities at March 31, 2011, a 100 basis point increase or decrease in the level of interest rates would, respectively, decrease or increase the fair value of the debt investment securities by $2.4 million. Such potential increase or decrease in fair value is based on certain simplifying assumptions, including a constant level and rate of debt securities and an immediate across-the-board increase or decrease in the level of interest rates with no other subsequent changes for the remainder of the period. Conversely, since almost all of the Company's cash and cash equivalents balance of $848.6 million is invested in short-term fixed or variable rate money market instruments, the Company would also earn more (less) interest income due to such an increase (decrease) in interest rates.

Long-term Debt

        At March 31, 2011, the Company's outstanding debt is $95.8 million, all of which pays interest at fixed rates. If market rates decline, the Company runs the risk that the related required payments on the fixed rate debt will exceed those based on market rates. A 100 basis point increase or decrease in the level of interest rates would, respectively, decrease or increase in fair value of the fixed-rate debt by $10.7 million. Such potential increase or decrease in fair value is based on certain simplifying assumptions, including a constant level and rate of fixed-rate debt for all maturities and an immediate across-the-board increase or decrease in the level of interest rates with no other subsequent changes for the remainder of the period.

Equity Price Risk

        At March 31, 2011, the Company has two investments in equity securities of publicly traded companies. One of these investments is the Company's investment in Meetic, which is accounted for using the equity method. The other investment is an available-for-sale marketable equity security. The investment in Meetic is included in "Long-term investments" and the available-for-sale marketable equity security is included in "Marketable securities" in the accompanying consolidated balance sheet. The available-for-sale marketable equity security is reported at fair value based on its quoted market price with any unrealized gain or loss, net of tax, included as a component of "Accumulated other comprehensive income" in the accompanying consolidated balance sheet. Investments in equity securities of publicly traded companies are exposed to significant fluctuations in fair value due to the volatility of the stock market, among other factors. During the three months ended March 31, 2011, the Company did not record any other-than-temporary impairment charges related to its available-for-sale marketable equity security. It is not customary for the Company to make significant investments in equity securities as part of its marketable securities investment strategy.

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        Because our investment in Meetic is accounted for using the equity method, it is not reported at fair value. In the event the fair value of our investment in Meetic were to decline below its carrying value, this decline would be only one factor in an assessment for other-than-temporary impairment.

Foreign Currency Exchange Risk

        The Company conducts business in certain foreign markets, primarily in the European Union. The Company's primary exposure to foreign currency exchange risk relates to investments in foreign subsidiaries that transact business in a functional currency other than the U.S. Dollar, primarily the British Pound Sterling and Euro. However, the exposure is mitigated since the Company has generally reinvested cash flows from international operations in order to grow the businesses. The statements of operations of the Company's international businesses are translated into U.S. dollars at the average exchange rates in each applicable period. To the extent the U.S. dollar strengthens against foreign currencies, the translation of these foreign currency denominated transactions results in reduced revenue and operating results. Similarly, the Company's revenue and operating results will increase for our international operations if the U.S. dollar weakens against foreign currencies. The Company is also exposed to foreign currency exchange risk related to its assets and liabilities denominated in a currency other than the functional currency.

        The economic impact of foreign currency exchange rate movements on the Company is often linked to variability in real growth, inflation, interest rates, governmental actions and other factors. These changes, if material, could cause the Company to adjust its financing and operating strategies. Foreign exchange gains and losses are not material to the Company's earnings in 2011 and 2010. As foreign currency exchange rates change, translation of the statements of operations of the Company's international businesses into U.S. dollars affects year-over-year comparability of operating results. Historically, the Company has not hedged foreign currency exchange risks because cash flows from international operations are generally reinvested locally. However, the Company periodically reviews its strategy for hedging foreign currency exchange risks. The Company's objective in managing its foreign currency exchange risk is to minimize its potential exposure to the changes that foreign currency exchange rates might have on its earnings, cash flows and financial position.

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Item 4.    Controls and Procedures

        The Company monitors and evaluates on an ongoing basis its disclosure controls and internal control over financial reporting in order to improve its overall effectiveness. In the course of these evaluations, the Company modifies and refines its internal processes as conditions warrant.

        As required by Rule 13a-15(b) under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), our management, including our Chairman and Senior Executive, our Chief Executive Officer and our Chief Financial Officer, evaluated the effectiveness of our disclosure controls and procedures (as defined by Rule 13a-15(e) and 15d-15(e) under the Exchange Act). Based upon that evaluation, our Chairman and Senior Executive, our Chief Executive Officer and our Chief Financial Officer concluded that as of the end of the period covered by this report, our disclosure controls and procedures were effective in providing reasonable assurance that information we are required to disclose in our filings with the Securities and Exchange Commission under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the Commission's rules and Forms, and include controls and procedures designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Exchange Act is accumulated and communicated to our management, including our principal executive and principal financial officers, as appropriate to allow timely decisions regarding required disclosure.

        As required by Rule 13a-15(d) of the Exchange Act, the Company, under the supervision and with the participation of the Company's management, including the Chairman and Senior Executive, the Chief Executive Officer and the Chief Financial Officer, also evaluated whether any changes occurred to the Company's internal control over financial reporting during the period covered by this report that have materially affected, or are reasonably likely to materially affect, such control. Based on that evaluation, the Company concluded that there has been no such change during the period covered by this report.

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PART II
OTHER INFORMATION

Item 1A.    Risk Factors

Cautionary Statement Regarding Forward-Looking Information

        This quarterly report on Form 10-Q contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The use of words such as "anticipates," "estimates," "expects," "intends," "plans" and "believes," among others, generally identify forward-looking statements. These forward-looking statements include, among others, statements relating to: IAC's future financial performance, IAC's business prospects and strategy, anticipated trends and prospects in the industries in which IAC's businesses operate and other similar matters. These forward-looking statements are based on management's current expectations and assumptions about future events, which are inherently subject to uncertainties, risks and changes in circumstances that are difficult to predict.

        Actual results could differ materially from those contained in these forward-looking statements for a variety of reasons, including, among others the risk factors set forth below. Other unknown or unpredictable factors that could also adversely affect IAC's business, financial condition and results of operations may arise from time to time. In light of these risks and uncertainties, the forward-looking statements discussed in this report may not prove to be accurate. Accordingly, you should not place undue reliance on these forward-looking statements, which only reflect the views of IAC management as of the date of this report. IAC does not undertake to update these forward-looking statements.

Risk Factors

Mr. Diller owns a significant percentage of the voting power of our stock and will be able to exercise significant influence over the composition of our Board of Directors, matters subject to stockholder approval and our operations.

        As of April 22, 2011, Mr. Diller owned approximately 4.6 million shares of IAC Class B common stock representing 100% of IAC's outstanding Class B common stock and approximately 35.0% of the total outstanding voting power of IAC. Mr. Diller may acquire up to approximately 1.2 million additional shares of IAC Class B common stock through the exercise of an exchange right, pursuant to which he may exchange with IAC, on a one-for-one basis, from time to time until September 1, 2011, shares of IAC common stock he acquires in the open market or otherwise for shares of IAC Class B common stock currently held in treasury by IAC.

        In addition, under an amended and restated governance agreement among IAC and Mr. Diller, for so long as Mr. Diller serves as IAC's Chairman and Senior Executive, he generally has the right to consent to limited matters in the event that IAC's ratio of total debt to EBITDA (as defined in the governance agreement) equals or exceeds four to one over a continuous twelve-month period. While Mr. Diller may not currently exercise this right, no assurances can be given that this right will not become exercisable in the future, and if so, that Mr. Diller will consent to any of the limited matters at such time, in which case IAC would not be able to engage in transactions or take actions covered by this consent right.

        As a result of Mr. Diller's ownership interest, voting power and the contractual rights described above, Mr. Diller currently is in a position to influence, subject to our organizational documents and Delaware law, the composition of IAC's Board of Directors and the outcome of corporate actions requiring stockholder approval, such as mergers, business combinations and dispositions of assets, among other corporate transactions. In addition, this concentration of voting power could discourage others from initiating a potential merger, takeover or other change of control transaction that may otherwise be beneficial to IAC, which could adversely affect the market price of IAC securities.

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We depend on our key personnel.

        Our future success will depend upon our continued ability to identify, hire, develop, motivate and retain highly skilled individuals, with the continued contributions of our senior management being especially critical to our success. Competition for well-qualified employees across IAC and its various businesses is intense and our continued ability to compete effectively depends, in part, upon our ability to attract new employees. While we have established programs to attract new employees and provide incentives to retain existing employees, particularly our senior management, we cannot assure you that we will be able to attract new employees or retain the services of our senior management or any other key employees in the future.

We depend upon arrangements with Google and any adverse change in this relationship could adversely affect our business, financial condition and results of operations.

        A substantial portion of our consolidated revenue is attributable to a paid listing supply agreement with Google that expires on March 31, 2016. Pursuant to this agreement, we display and syndicate paid listings provided by Google in response to search queries generated by users of our search services that contain keywords selected and purchased by advertisers through Google. In exchange for making our search traffic available to Google, we receive a share of the revenue generated by the paid listings supplied to us, as well as certain other search-related services.

        The amount of revenue we receive from Google depends upon a number of factors outside of our control, including the amount Google charges for advertisements and the efficiency of Google's system in attracting advertisers and serving up paid listings in response to search queries. In addition, Google makes judgments about the relative attractiveness (to the advertiser) of clicks on paid listings from searches performed on our search services and these judgments factor into the amount of revenue we receive. Changes to Google's paid listings network efficiency or its judgment about the relative attractiveness of clicks on paid listings from our search services could have an adverse effect on our business, financial condition and results of operations. Such changes could come about for a number of reasons, including general market conditions, competition or policy and operating decisions made by Google.

        Our paid listing supply agreement requires that we comply with certain guidelines promulgated by Google for the use of its brands and services, including the manner in which Google's paid listings are displayed with search results, and that we establish guidelines to govern certain activities of third parties to whom we syndicate paid listings, including the manner in which these parties drive search traffic to their websites and display paid listings. Subject to certain limitations, Google may unilaterally update its policies and guidelines, which could in turn require modifications to (or prohibit certain of) our products, services and/or business practices, which could be costly or otherwise have an adverse effect on our business, financial condition and results of operations. Noncompliance with Google's guidelines by us or third parties to whom we syndicate paid listings could, if not cured, result in Google's suspension of some or all services to our websites or the websites of our third party partners, the imposition of additional restrictions on our ability to syndicate paid listings or the termination of the paid listing supply agreement by Google.

        The termination of the paid listing supply agreement by Google, the curtailment of IAC's rights under the agreement (whether pursuant to the terms thereof or otherwise) or the failure of Google to perform its obligations under the agreement would have an adverse effect on our business, financial condition and results of operations. In addition, our inability to obtain a renewal of our agreement with Google with substantially comparable economic and other terms upon the expiration of our current agreement could have an adverse effect on our business, financial condition and results of operations. If any of these events were to occur, we may not be able to find another suitable alternate paid listings provider (or if an alternate were found, the economic and other terms of the agreement and the quality

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of paid listings may be inferior relative to our arrangements with, and the paid listings supplied by, Google) or otherwise replace the lost revenues.

General economic events or trends that reduce advertising spending could harm our business, financial condition and results of operations.

        A substantial portion of our consolidated revenue is attributable to online advertising. Accordingly, we are particularly sensitive to events and trends that result in decreased advertising expenditures. Advertising expenditures have historically been cyclical in nature, reflecting overall economic conditions and budgeting and buying patterns, as well as levels of consumer confidence and discretionary spending.

        Small and local businesses with which we do business are particularly sensitive to these events and trends, given that they are not as well situated to weather adverse economic conditions as their larger competitors, which are generally better capitalized and have greater access to credit. In the recent past, adverse economic conditions have caused, and if such conditions were to recur in the future they could cause, decreases and/or delays in advertising expenditures, which would reduce our revenues and adversely affect our business, financial condition and results of operations.

Our success depends upon the continued growth and acceptance of online advertising, particularly paid listings, as an effective alternative to traditional, offline advertising and the continued commercial use of the internet.

        Many advertisers still have limited experience with online advertising and may continue to devote significant portions of their advertising budgets to traditional offline advertising media. Accordingly, we continue to compete with traditional media, including television, radio and print, in addition to a multitude of websites with high levels of traffic and online advertising networks, for a share of available advertising expenditures and expect to face continued competition as more emerging media and traditional offline media companies enter the online advertising market. We believe that the continued growth and continued acceptance of online advertising generally will depend, to a large extent, on its perceived effectiveness and the acceptance of related advertising models (particularly in the case of models that incorporate user targeting), the continued growth in commercial use of the internet (particularly abroad), the extent to which software programs that limit or prevent advertising from being displayed become commonplace and the extent to which the industry is able to effectively manage click fraud. Any lack of growth in the market for online advertising, particularly for paid listings, or any decrease in the effectiveness and value of online advertising (whether due to the passage of laws requiring additional disclosure and/or opt-in policies for advertising that incorporates user targeting or other developments) would have an adverse effect on our business, financial condition and results of operations.

We depend, in part, upon arrangements with third parties to drive traffic to our various websites and convert visitors into users and customers.

        We engage in a variety of activities designed to attract traffic to our various websites and convert visitors into repeat users and customers. How successful we are in these efforts depends, in part, upon our continued ability to enter into arrangements with third parties to drive traffic to our various websites, as well as the continued introduction of new and enhanced products and services that resonate with users and customers generally.

        For example, we have entered into, and expect to continue to enter into, agreements to distribute our toolbars and search boxes to users through third parties. These agreements are generally not exclusive, are short term in nature and are terminable by either party upon notice. Our inability to enter into new (or renew existing) agreements to distribute our toolbars and search boxes through third

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parties for any reason would result in decreases in traffic, queries and advertising revenues, which could have an adverse effect on our business, financial condition and results of operations.

        In addition, in the case of the businesses within our Match segment, we have entered into a number of arrangements with third parties to drive traffic to our online personals websites. Pursuant to these arrangements, third parties generally promote our services on their websites and we either pay a fixed fee when visitors to these websites click through to or register on our online personals websites or pay a percentage of revenue we receive from such visitors who pay us subscription fees. These arrangements are generally not exclusive, are short term in nature and are terminable by either party given notice. If existing arrangements with third parties are terminated (or are not renewed upon their expiration) and we fail to replace this traffic and related revenues, or if we are unable to enter into new arrangements with third parties in response to industry trends, our business, financial condition and results of operations could be adversely affected.

        In the case of our ServiceMagic business, our ability to drive traffic depends, in part, on the nature and number of service professionals who are members of our network. While these professionals are required to agree that they will operate in accordance with our terms and conditions, we do not enter into long term contracts with them. In addition, a significant number of our service professionals are sole proprietorships and small businesses, which are particularly sensitive to adverse economic conditions, such as constrained liquidity and decreases in consumer spending. As a result, our network of service professionals may experience turnover from time to time, which if significant or recurring over a prolonged period, could result in a decrease in traffic to ServiceMagic.com and increased costs, all of which could adversely affect our business, financial condition and results of operations.

        Even if we succeed in driving traffic to our properties, we may not be able to convert this traffic or otherwise retain users and customers unless we continue to provide quality products and services. We may not be able to adapt quickly and/or in cost-effective manner to frequent changes in user and customer preferences, which can be difficult to predict, or appropriately time the introduction of enhancements and/or new products or services to the market. Our inability to provide quality products and services would adversely affect user and customer experiences, which would result in decreases in users, customers and revenues, which would adversely affect our business, financial condition and results of operations.

        As discussed below, our traffic building and conversion initiatives also involve the expenditure of considerable sums for marketing, as well as for the development and introduction of new products, services and enhancements, infrastructure and other related efforts.

Marketing efforts designed to drive traffic to our various websites may not be successful or cost-effective.

        Traffic building and conversion initiatives involve considerable expenditures for online and offline advertising and marketing. We have made, and expect to continue to make, significant expenditures for search engine marketing (primarily in the form of the purchase of keywords), online display advertising and traditional offline advertising in connection with these initiatives, which may not be successful or cost-effective. In the case of our search engine marketing efforts, our failure to respond successfully to rapid and frequent changes in the pricing and operating dynamics of search engines could adversely affect the placement of paid listings that appear in response to keywords we purchase, as well as adversely affect the pricing of online advertising we purchase generally, which would increase our costs. In the case of paid advertising generally, the policies of sellers and publishers of advertising may limit our ability to purchase certain types of advertising or advertise some of our products and services, which could affect our ability to compete effectively and, in turn, adversely affect our business, financial condition and results of operations.

        One of the most cost-effective efforts we employ to attract and acquire new, and retain existing, users and customers is commonly referred to as search engine optimization, or SEO. SEO involves

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developing websites to rank well within search engine results. Search engines frequently update and change the logic that determines the placement and display of results of user searches. The failure to successfully manage SEO efforts across our businesses, including the timely modification of SEO efforts from time to time in response to periodic changes in search engine algorithms, search query trends and related actions by providers of search services designed to ensure the display of unique offerings in search results (which actions by search service providers may result in algorithmic listings being displayed less prominently within search engine results), could result in a substantial decrease in traffic to our various websites, which would result in substantial decreases in conversion rates and repeat business, as well as increased costs if we were to replace free traffic with paid traffic, any or all of which would adversely affect our business, financial condition and results of operations.

        In addition, search engines have increasingly expanded their offerings into other, non-search related categories, and have in certain instances displayed their own integrated or related product and service offerings in a more prominent manner than those of third parties within their search engine results. Continued expansion and competition from search engines could result in a substantial decrease in traffic to our various websites, which would result in substantial decreases in conversion rates and repeat business, as well as increased costs if we were to replace free traffic with paid traffic, any or all of which would adversely affect our business, financial condition and results of operations.

        Lastly, as discussed above, we also enter into various arrangements with third parties in an effort to increase traffic, which arrangements are generally more cost-effective than traditional marketing efforts. If we are unable to renew existing (and enter into new) arrangements of this nature, sales and marketing costs as a percentage of revenue would increase over the long-term.

        Any failure to attract and acquire new, and retain existing, traffic, users and customers in a cost-effective manner could adversely affect our business, financial condition and results of operations.

We may not be able to adapt quickly enough to changing industry standards.

        The e-commerce industry is characterized by evolving industry standards, coupled with frequent and related new product and service introductions and enhancements. The development of new product and service introductions and enhancements in response to evolving industry standards requires significant time and resources and we may not be able to adapt quickly enough (and/or in a cost-effective manner) to these changes or appropriately time the introduction of new products, services and enhancements to the market and our failure to do so could adversely affect our business, financial condition and results of operations.

        The continued widespread adoption of new internet and telecommunications technologies and devices or other technological changes could require us to modify or adapt our services or infrastructures and our failure to do so could render our existing websites, services and proprietary technologies obsolete, which could adversely affect our business, financial condition and results of operations. For example, user and usage volumes on mobile devices continue to increase relative to those of personal computers. The lower resolution, functionality, display limitations and memory associated with mobile devices could make the use of our various services through these devices difficult. While we have developed mobile versions of certain of our services, we have limited experience with these applications and they may not be compelling to users. Furthermore, existing agreements across our business may need to be amended to cover the provision of our services on mobile devices, which the counterparties may be unwilling to do.

        Furthermore, in the case of certain of our search services, third parties have introduced (and continue to introduce) new technologies, applications and policies that may interfere with the ability of our users to access or utilize some of our services generally or otherwise make users less likely to use our services (such as through the introduction and features and/or processes that make the access and use of our services cumbersome relative to those of our competitors). For example, third parties have

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introduced technologies and applications that prevent users from downloading toolbars generally and/or have features and policies that significantly lessen the likelihood that users will download our toolbars and that previously downloaded toolbars will remain in active use, such as features that interfere with the functionality of search boxes embedded within our toolbars and the maintenance of home page and other settings previously selected by users. Third parties have also introduced technologies and applications that are either not compatible with (or otherwise interfere with) the "search assistant" function embedded within our toolbars, pursuant to which our toolbars generate search results for users that receive "DNS," "404" and other errors in response to search queries entered into search boxes embedded within our toolbars or the address bar of their web browsers. These technologies and applications adversely impact our ability to generate search queries through our toolbars, which in turn adversely impacts our revenues. Our failure to successfully modify our toolbars in a cost-effective manner in response to the introduction and adoption of these new technologies and applications could adversely affect our business, financial condition and results of operations.

Our estimated income taxes could be materially different from income taxes that we ultimately pay.

        We are subject to income taxes in both the United States and numerous jurisdictions abroad. Significant judgment and estimation is required in determining our provision for income taxes and related matters. In the ordinary course of our business, there are many transactions and calculations where the ultimate tax determinations are uncertain or otherwise subject to interpretation. Our determination of our income tax liability is always subject to review by applicable tax authorities and we are currently subject to audits in a number of jurisdictions. Although we believe our income tax estimates and related determinations are reasonable and appropriate, relevant taxing authorities may disagree. The ultimate outcome of any such audits and reviews could be materially different from estimates and determinations reflected in our historical income tax provisions and accruals. Any adverse outcome of any such audit or review could have an adverse effect on our financial condition and results of operations.

We may experience operational and financial risks in connection with acquisitions. In addition, some of the businesses we acquire may incur significant losses from operations or experience impairment of carrying value.

        We have made numerous acquisitions in the past and our future growth may depend, in part, on acquisitions. We may experience operational and financial risks in connection with acquisitions. To the extent that we continue to grow through acquisitions, we will need to:

    successfully integrate the operations, as well as the accounting, financial controls, management information, technology, human resources and other administrative systems, of acquired businesses with our existing operations and systems;

    retain or hire senior management and other key personnel at acquired businesses; and

    successfully manage acquisition-related strain on the management, operations and financial resources of IAC and/or acquired businesses.

        We may not be successful in addressing these challenges or any other problems encountered in connection with historical and future acquisitions. In addition, the anticipated benefits of one or more acquisitions may not be realized and future acquisitions could result in potentially dilutive issuances of equity securities and the assumption of contingent liabilities. Also, the value of goodwill and other intangible assets acquired could be impacted by one or more continuing unfavorable events and/or trends, which could result in significant impairment charges. The occurrence of any these events could have an adverse effect on our business, financial condition and results of operations.

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We operate in certain international markets in which we have limited experience, and as a result, face additional risks. We may not be able to successfully expand into new, or further into existing, international markets.

        We currently operate in a limited number of jurisdictions abroad and may continue to expand our international presence. In order for our products and services in these jurisdictions to achieve widespread acceptance, commercial use and acceptance of the internet must continue to grow, which growth may occur at slower rates than those experienced in the U.S. Moreover, we must continue to successfully tailor our services to the unique customs and cultures of these jurisdictions, which can be difficult and costly and the failure to do so could slow our international growth.

        Operating abroad, where we have limited experience, exposes us to additional risks. For example, we may experience difficulties in managing operations due to distance, language and cultural differences, including issues associated with the establishment of management systems and infrastructures, the staffing of foreign operations, exchange rate fluctuations and online privacy and protection of personal information. Our success in international markets will also depend, in part, on our ability to identify potential acquisition candidates, joint venture or other partners, and to enter into arrangements with these parties on favorable terms, given that we could encounter significant barriers to entry in connection with expansion efforts outside of these arrangements.

A variety of new laws, or new interpretations of existing laws, could subject us to claims or otherwise harm our business.

        We are subject to a variety of laws in the U.S. and abroad that are costly to comply with, can result in negative publicity and diversion of management time and effort and can subject us to claims or other remedies. Some of these laws, such as income, sales, use, value-added and other tax laws and consumer protection laws, are applicable to businesses generally and others are unique to the type of businesses in which we are engaged. Many of these laws were adopted prior to the advent of the internet and related technologies and, as a result, do not contemplate or address the unique issues of the internet and related technologies. Laws that do reference the internet are being interpreted by the courts, but their applicability and scope remain uncertain. For example, laws relating to the liability of providers of online services are currently unsettled both within the U.S. and abroad. Claims could be threatened and filed under both U.S. and foreign law for defamation, libel, slander, invasion of privacy and other tort claims, unlawful activity, copyright and trademark infringement, or other theories based on the nature and content of the materials searched and the ads posted by our products and services, or content generated by us and our users.

        In addition, the Digital Millennium Copyright Act has provisions that limit, but do not necessarily eliminate, our liability for listing or linking to third party websites that include materials that infringe copyrights or other rights, so long as we comply with the statutory requirements of this act. Those of our businesses that mention or otherwise incorporate copyrighted material into the content they produce also rely on fair use principles, which allow limited use of copyrighted materials without having to obtain the consent of the copyright holder, provided we satisfy certain legal criteria. Also, the Children's Online Privacy Protection Act restricts the distribution of materials considered harmful to children and impose additional restrictions on the ability of online services to collect information from minors. In the area of data protection, many states have passed laws requiring notification to users when there is a security breach for personal data, such as California's Information Practices Act. We face similar risks and costs as our products, services and content are offered in international markets and may be subject to additional regulations.

        Any failure on our part to comply with applicable laws may subject us to additional liabilities, which could adversely affect our business, financial condition and results of operations. In addition, if the laws to which we are currently subject are amended or interpreted adversely to our interests, or if

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new adverse laws are adopted, our products and services might need to be modified to comply with such laws, which would increase our costs and could result in decreased demand for our products and services to the extent that we pass on such costs to consumers. Specifically, in the case of tax laws, positions that we have taken or will take are subject to interpretation by the relevant taxing authorities and while we believe that the positions we have taken to date comply with applicable law, there can be no assurances that the relevant taxing authorities will not take a contrary position, and if so, that such positions will not adversely affect us. Any events of this nature could adversely affect our business, financial condition and results of operations.

The processing, storage, use and disclosure of personal data could give rise to liabilities as a result of governmental regulation, conflicting legal requirements or differing views of personal privacy rights.

        We receive, transmit and store a large volume of personally identifiable information and other user data in connection with the processing of search queries, the provision of online services, transactions with users and customers and advertising on our websites. The sharing, use, disclosure and protection of this information are governed by the respective privacy and data security policies maintained by our various businesses. Moreover, there are federal, state and international laws regarding privacy and the storing, sharing, use, disclosure and protection of personally identifiable information and user data. Specifically, personally identifiable information is increasingly subject to legislation and regulations in numerous jurisdictions around the world, the intent of which is to protect the privacy of personal information that is collected, processed and transmitted in or from the governing jurisdiction.

        There are currently pending several bills in the U.S. Congress, which if passed could result in more onerous requirements regarding the manner in which certain personally identifiable information and other user data will need to be stored and managed. Additionally, the U.S. Federal Trade Commission released a staff report in December 2010 in which it proposed a new framework for addressing commercial use of consumer data. We could be adversely affected if legislation or regulations are expanded to require changes in the practices and/or privacy policies of our various businesses, which could be costly to implement, or if governing jurisdictions interpret or implement their legislation or regulations in ways that otherwise negatively affect our business, financial condition and results of operations.

        As privacy and data protection have become more sensitive issues, we may also become exposed to potential liabilities as a result of differing views on the privacy of consumer and other user data collected by our businesses. Also, we cannot guarantee that our security measures will prevent security breaches. The failure of any of our businesses, or their various third party vendors and service providers, to comply with applicable privacy policies or federal, state or similar international laws and regulations or any compromise of security that results in the unauthorized release of personally identifiable information or other user data could adversely affect our business, financial condition and results of operations.

We may fail to adequately protect our intellectual property rights or may be accused of infringing intellectual property rights of third parties.

        We regard our intellectual property rights, including trademarks, domain names, trade secrets, patents, copyrights and other similar intellectual property, as critical to our success. For example, the businesses within our principal reporting segments, our Search, Match and ServiceMagic reporting segments, rely heavily upon their trademarks (primarily Ask.com, our various toolbar brands, Match.com and ServiceMagic.com and related domain names and logos), through which they market their products and services and seek to build and maintain brand loyalty and recognition. So long as these businesses continue to use these trademarks to identify their products and services and renew related trademarks upon their expiration, they will continue to have related trademark protections indefinitely under current trademark laws, rules and regulations.

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        The businesses within our Search segment also rely heavily upon trade secrets, primarily search algorithms through which organic search results are generated. To a lesser extent, these businesses also rely upon patented and patent-pending proprietary technologies and processes, primarily those relating to search-related products and services, with expiration dates for patented technologies ranging from 2017 to 2027, and copyrighted material, primarily emoticons, characters and other content that is incorporated into, and used in connection with the marketing of, toolbars generally.

        Our Match segment also relies upon patent-pending proprietary technologies relating to matching process systems and related features, products and services. Our ServiceMagic segment also relies heavily upon trade secrets, primarily the matching algorithm through which members of its network of local service professionals are matched with consumers, as well as related patented proprietary technologies that expire in 2020.

        We rely on a combination of laws and contractual restrictions with employees, customers, suppliers, affiliates and others to establish and protect our various intellectual property rights. For example, we have generally registered and continue to apply to register and renew, or secure by contract where appropriate, trademarks and service marks as they are developed and used, and reserve, register and renew domain names as we deem appropriate. Effective trademark protection may not be available or may not be sought in every country in which products and services are made available and contractual disputes may affect the use of marks governed by private contract. Similarly, not every variation of a domain name may be available or be registered, even if available.

        We also generally seek to apply for patents or for other similar statutory protections as and if we deem appropriate, based on then current facts and circumstances, and will continue to do so in the future. No assurances can be given that any patent application we have filed will result in a patent being issued, or that any existing or future patents will afford adequate protection against competitors and similar technologies. In addition, no assurances can be given that third parties will not create new products or methods that achieve similar results without infringing upon patents we own.

        Despite these precautions, our intellectual property rights may still not be protected in a meaningful manner, challenges to contractual rights could arise or third parties could copy or otherwise obtain and use our intellectual property without authorization. The occurrence of any of these events could result in the erosion of our brand names and limitations on our ability to control marketing on or through the internet using our various domain names, as well as impede our ability to effectively compete against competitors with similar technologies, any of which could adversely affect our business, financial conditions and results of operations.

        From time to time, we have been subject to legal proceedings and claims in the ordinary course of business, including claims of alleged infringement of trademarks, copyrights, patents and other intellectual property rights held by third parties. In addition, litigation may be necessary in the future to enforce our intellectual property rights, protect our trade secrets or to determine the validity and scope of proprietary rights claimed by others. Any litigation of this nature, regardless of outcome or merit, could result in substantial costs and diversion of management and technical resources, any of which could adversely affect our business, financial condition and results of operations. Patent litigation tends to be particularly protracted and expensive.

Our success depends, in part, on the integrity of our systems and infrastructure and those of third parties. System interruption and the lack of integration and redundancy in our and third party information systems may affect our businesses.

        To succeed, our systems and infrastructure must perform well on a consistent basis. From time to time, we may experience occasional system interruptions that make some or all of our systems or data unavailable or that prevent us from providing services, which could adversely affect our business. Moreover, as traffic to our various websites increases and the number of new (and presumably more

46



complex) products and services that we introduce continues to grow, we will need to upgrade our systems, infrastructure and technologies generally to facilitate this growth. If we do not do so or if we experience inefficiencies and/or operational failures in connection with these efforts, users, customers and third parties with whom we do business may not be able to access our services on an intermittent or prolonged basis and the quality of their experiences could be adversely affected. Moreover, even if we do not encounter any inefficiencies and/or operational failures in connection with these efforts, third parties with whom we do business may not make the changes to their systems, infrastructure and technology needed in order to access our services on a timely basis, if at all. The occurrence of any of these events could adversely affect our business, financial condition and results of operations.

        We also rely on third party computer systems, data centers, broadband and other communications systems and service providers in connection with the provision of services generally, as well as to facilitate and process certain transactions with customers. Any interruptions, outages or delays in our systems or those of our third party providers, or deterioration in the performance of these systems, could impair our ability to provide services and/or process certain transactions with customers. Furthermore, data security breaches (as a result of the actions of hackers or otherwise), fire, power loss, telecommunications failure, natural disasters, acts of war or terrorism, acts of God and other similar events or disruptions may damage or interrupt computer, data, broadband or other communications systems at any time. Any event of this nature could cause system interruption, delays and loss of critical data, and could prevent us from providing services to users and customers. While we have backup systems for certain aspects of our operations, our systems are not fully redundant and disaster recovery planning is not sufficient for all eventualities. In addition, we may not have adequate insurance coverage to compensate for losses from a major interruption.

        In particular, our destination search websites may be adversely affected by fraudulent, surreptitious or other unwanted computer programs, applications and activity that make changes to users' computers and interfere with the overall experience of our services, such as by hijacking queries to these websites or altering or replacing search results generated. This type of interference often occurs without disclosure to or consent from users, resulting in a negative experience that users may associate with us. These disruptive programs and applications may be difficult or impossible to uninstall or disable, may reinstall themselves and may circumvent efforts to block or remove them. In addition, downloadable toolbars through which we provide search services are also subject to attack by viruses, worms and other malicious software programs, which could jeopardize the security of information stored in users' computer or in our systems and networks. No assurances can be given that our efforts to combat these malicious applications will be successful and/or that our products and services will not have (or will not be perceived to have) vulnerabilities in this regard.

        If any of these events were to occur, it could damage our reputation and result in the loss of current and potential users and customers, which could have an adverse effect on our business, financial condition and results of operations and otherwise be costly to remedy.

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Item 2.    Unregistered Sales of Equity Securities and Use of Proceeds

Issuer Purchases of Equity Securities

        The Company did not purchase any shares of its common stock during the quarter ended March 31, 2011. However, in connection with the tax-free exchange with Liberty in the fourth quarter of 2010, the Company received 0.1 million shares of IAC common stock in February 2011 in fulfillment of post-closing working capital adjustments. As of April 22, 2011, approximately 7.2 million shares of common stock remained available for repurchase under the Company's previously announced February 2010 repurchase authorization. The Company may purchase shares pursuant to this repurchase authorization over an indefinite period of time, depending on those factors Company management deems relevant at any particular time, including, without limitation, market conditions, share price and future outlook.

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Item 6.    Exhibits

Exhibit Number   Description   Location
  3.1   Restated Certificate of Incorporation of IAC/InterActiveCorp.   Exhibit 3.1 to the Registrant's Registration Statement on Form 8-A/A, filed on August 12, 2005.
  3.2   Certificate of Amendment of the Restated Certificate of Incorporation of IAC/InterActiveCorp.   Exhibit 3.1 to the Registrant's Current Report on Form 8-K, filed on August 22, 2008.
  3.3   Amended and Restated By-Laws of IAC/InterActiveCorp.   Exhibit 3.1 to the Registrant's Current Report on Form 8-K, filed on December 6, 2010.
  10.1   2011 IAC/InterActiveCorp Deferred Compensation Plan for Non-Employee Directors.(1)    
  31.1   Certification of the Chief Executive Officer pursuant to Rule 13a- 14(a) or Rule 15d-14(a) of the Securities Exchange Act of 1934 as adopted pursuant to Section 302 of the Sarbanes-Oxley Act.(1)    
  31.2   Certification of the Chairman and Senior Executive pursuant to Rule 13a- 14(a) or Rule 15d-14(a) of the Securities Exchange Act of 1934 as adopted pursuant to Section 302 of the Sarbanes-Oxley Act.(1)    
  31.3   Certification of the Executive Vice President and Chief Financial Officer pursuant to Rule 13a- 14(a) or Rule 15d-14(a) of the Securities Exchange Act of 1934 as adopted pursuant to Section 302 of the Sarbanes-Oxley Act.(1)    
  32.1   Certification of the Chief Executive Officer pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act.(2)    
  32.2   Certification of the Chairman and Senior Executive pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act.(2)    
  32.3   Certification of the Executive Vice President and Chief Financial Officer pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act.(2)    
  101.INS   XBRL Instance(3)    
  101.SCH   XBRL Taxonomy Extension Schema(3)    
  101.CAL   XBRL Taxonomy Extension Calculation(3)    

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Exhibit Number   Description   Location
  101.DEF   XBRL Taxonomy Extension Definition(3)    
  101.LAB   XBRL Taxonomy Extension Labels(3)    
  101.PRE   XBRL Taxonomy Extension Presentation(3)    

(1)
Filed herewith.

(2)
Furnished herewith.

(3)
Pursuant to applicable securities laws and regulations, the Company is deemed to have complied with the reporting obligation relating to the submission of interactive data files in such exhibits and is not subject to liability under any anti-fraud provisions or other liability provisions of the federal securities laws as long as the Company has made a good faith attempt to comply with the submission requirements and promptly amends the interactive data files after becoming aware that the interactive data files fail to comply with the submission requirements. In addition, users of this data are advised that, pursuant to Rule 406T of Regulation S-T, these interactive data files are deemed not filed or part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933 or Section 18 of the Securities Exchange Act of 1934 and otherwise are not subject to liability under these sections.

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SIGNATURES

        Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Dated: May 6, 2011

    IAC/INTERACTIVECORP

 

 

By:

 

/s/ THOMAS J. MCINERNEY

Thomas J. McInerney
Executive Vice President and
Chief Financial Officer

Signature
 
Title
 
Date

 

 

 

 

 
/s/ THOMAS J. MCINERNEY

Thomas J. McInerney
  Executive Vice President and
Chief Financial Officer
  May 6, 2011

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QuickLinks

PART I FINANCIAL INFORMATION
IAC/INTERACTIVECORP AND SUBSIDIARIES CONSOLIDATED BALANCE SHEET
IAC/INTERACTIVECORP AND SUBSIDIARIES CONSOLIDATED STATEMENT OF OPERATIONS (Unaudited)
IAC/INTERACTIVECORP AND SUBSIDIARIES CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited)
IAC/INTERACTIVECORP AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
GENERAL
FINANCIAL POSITION, LIQUIDITY AND CAPITAL RESOURCES
CONTRACTUAL OBLIGATIONS
IAC'S PRINCIPLES OF FINANCIAL REPORTING
RECONCILIATION OF OPERATING INCOME BEFORE AMORTIZATION
PART II OTHER INFORMATION
SIGNATURES
EX-10.1 2 a2203680zex-10_1.htm EX-10.1

Exhibit 10.1

 

2011 IAC/InterActiveCorp

Deferred Compensation Plan for Non-Employee Directors

 

1.                                       PURPOSE.  The purpose of the IAC/InterActiveCorp Deferred Compensation Plan for Non-Employee Directors (the “Plan”) is to provide non-employee directors of IAC/InterActiveCorp (or any successor thereto) (the “Company”) with an opportunity to defer Director Fees (as defined in paragraph 4(b) below).

 

2.                                       EFFECTIVE DATE.  The Plan became effective on March 10, 2011.

 

3.                                       ELIGIBILITY.  Any member of the Board of Directors of the Company (the “Board”) who is not an employee of the Company or of any subsidiary or affiliate of the Company is eligible to participate in the Plan.

 

4.                                       ELECTION TO DEFER COMPENSATION.

 

(a)                                  Time of Eligibility.  An election to defer Director Fees by a newly elected director shall be made by such director within the 30-day period following his or her election to the Board, which election shall only apply to Director Fees earned for services performed after the date of such election.  A director who has either (i) not previously elected to defer Director Fees or (ii) discontinued (or wishes to modify) a prior election to defer Director Fees may elect to defer Director Fees (or modify an existing deferral election) by giving written notice to the Company on or prior to November 1 of each year (or such other date as may be determined from time to time by the Secretary of the Company in accordance with paragraph 10 of the Plan and in compliance with applicable law).  Any such election shall only apply to Director Fees earned for services performed during the calendar year following such written notice.  The effectiveness of a given election shall continue until the participant’s Separation from Service, as defined in Section 14 of the Plan, or until the end of the calendar year during which the participant gives the Company written notice of its discontinuance or modification, whichever shall occur first.  Any notice of discontinuance or modification shall operate prospectively from the first day of the calendar year following the receipt of such written notice by the Secretary of the Company, and Director Fees payable during any subsequent calendar year shall either be paid (absent any timely future deferral election) or deferred in accordance with the terms of the discontinuance or modified election, as applicable; provided, however, that Director Fees theretofore deferred shall continue to be withheld and shall be paid in accordance with the notice of election pursuant to which they were withheld.  All written notices regarding deferral elections and/or the discontinuance or modification of prior deferral elections shall be made on a form prescribed by the Company.

 

(b)                                 Amount of Deferral.  A participant may elect to defer receipt of all or a specified portion of the cash fees receivable by such participant for services performed as a director of the Company (which amounts shall include fees for services as a member of one or more Committee(s) of the Board and meeting attendance fees, if any (among other fees), as and if applicable from time to time) that are otherwise payable to the participant in cash (the “Director Fees”).

 

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(c)                                  Manner of Electing Deferral.  A participant shall elect to defer Director Fees by giving written notice to the Company in a form prescribed by the Company.  Such notice shall include:

 

(i)                                     the percentage or amount of Director Fees to be deferred (the “Deferred Fees”);

 

(ii)                                  the allocation of the Deferred Fees between the “Cash Fund” and “Share Units;” and

 

(iii)                               in the case of a participant’s initial election only, an election of a lump-sum payment or of a number of annual installments (not to exceed five) for the payment of the Deferred Fees (plus the amounts (if any) credited under Section 5), with such lump-sum payment or the first installment payment occurring on the later of (A) the calendar year following the calendar year in which the participant’s Separation from Service occurs (but not earlier than January 15th of such year) or (B) the first day of the seventh month following the date on which the participant’s Separation from Service occurs (and otherwise in compliance with applicable law), with any successive annual installment payments to be made not earlier than January 15th of each such year.  Any payment election made by a participant in connection with his or her initial election to participate in the Plan shall apply to all Deferred Fees, whether covered by the initial deferral election or a subsequent deferral election; provided, however, that this paragraph 4(c)(iii) shall not preclude subsequent modifications to the payment election described immediately above that are made in connection with a participant’s Separation from Service and in compliance with paragraph (d) below.

 

(d)                                 Change in Deferral.  A participant may change his or her payment election in accordance with the following requirements:

 

(i)                                     Subject to clauses (ii) and (iii) of this paragraph (d), such election may not take effect until the twelve (12) month anniversary of the date the election is made and filed with the Secretary of the Company using a form prescribed by the Company;

 

(ii)                                  Such lump-sum payment or the first installment payment shall not be made less than five (5) years after the date that the participant’s Deferred Fees (plus the amounts (if any) credited under Section 5) would have been paid pursuant to paragraph (c)(iii) above (or such later year if a prior modification was made pursuant to this paragraph); and

 

(iii)                               Any new election shall not be effective unless made at least twelve (12) months prior to the year in which the payment of the Deferred Fees (plus the amounts (if any) credited under Section 5) would otherwise commence.

 

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5.                                       DEFERRED COMPENSATION ACCOUNT.  The Company shall establish a book-entry account for each participant to record the participant’s Deferred Fees (the “Account”).

 

(a)                                  For Deferred Fees allocated by the participant to the Cash Fund:

 

(i)                                     at the time the Director Fees would otherwise have been payable, the Account will be credited with the amount of the Deferred Fees, receipt of which the participant has elected to defer, and

 

(ii)                                  at the end of each calendar year or terminal portion of a year, the Account will be credited with deemed interest, at an annual rate equivalent to the weighted average prime or base lending rate of JP Morgan Chase Bank (including any successor thereto or such other financial institution that may be selected from time to time by the Secretary of the Company in accordance with paragraph 10 of the Plan and in accordance with applicable law) for the relevant year or portion thereof (the “Interest Equivalents”), upon the average daily balance in the Account during such year or portion thereof.

 

(b)                                 For  Deferred Fees allocated by the participant to Share Units:

 

(i)                                     at the time the Director Fees would otherwise have been payable, (A) the Account will be credited with the amount of the Deferred Fees, receipt of which the participant has elected to defer and (B) such amount of Deferred Fees shall be converted on such date in book entry to a number of “Share Units” (computed to the nearest 1/1000 of a share) equal to the number of shares of common stock, par value $.001 per share (“Common Stock”), of the Company that could have been purchased on such date with such amount of Deferred Fees, using the closing price for the Common Stock on such date (or, if such date is not a trading day, on the next preceding trading day) on The Nasdaq Stock Market’s National Market System (“Nasdaq”) or, if the Common Stock is not then listed or quoted on Nasdaq, the principal stock exchange on which the Common Stock is then traded;

 

(ii)                                  on each date on which a cash dividend is paid on the Common Stock, the Account will be credited with the number of Share Units (computed to the nearest 1/1000 of a share) which theoretically could have been purchased with the amount of dividends payable on the number of shares of Common Stock equal to the number of Share Units in the participant’s Account immediately prior to the payment of such cash dividend; the number of additional Share Units shall be calculated as in paragraph 5(b)(i) above, provided that, with respect to the payment of any other dividends, the Share Units in the Account shall be adjusted in the manner provided in paragraph 7(d); and

 

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(iii)                               on the date of the occurrence of any event described in paragraph 7(d) below, the Account will be credited with the number of Shares Units necessary for an equitable adjustment, which adjustment shall be determined in accordance with paragraphs 7(d) and 10 of the Plan and in accordance with applicable law.

 

(c)                                  Unless otherwise determined by the Secretary of the Company in accordance with paragraph 10 of the Plan and in accordance with applicable law, Deferred Fees shall be payable (and related amounts credited to participant Accounts) on a quarterly basis.  Each payment shall be classified as a “separate payment” under Section 409A of the Code.

 

6.                                       VALUE OF DEFERRED COMPENSATION ACCOUNTS.  The value of each participant’s Account on any date shall consist of (a) in the case of the Cash Fund, the sum of the Deferred Fees credited in accordance with paragraph 5 above and the Interest Equivalents credited through such date, if any, and (b) in the case of the Share Units, the market value of the corresponding number of shares of Common Stock on such date, determined using the closing price for the Common Stock on such date (or, if such date is not a trading day, on the next preceding trading day) on Nasdaq, or if the Common Stock is not then listed or quoted on Nasdaq, the principal stock exchange on which the Common Stock is then traded.  A participant’s Account shall be credited with Interest Equivalents or additional Share Units, if any, as applicable for so long as there is an outstanding balance credited to the Participant’s Account.

 

7.                                       PAYMENT OF DEFERRED COMPENSATION.  No payment shall be made from a participant’s Account except as follows:

 

(a)                                  The balance of Deferred Fees and Interest Equivalents in a participant’s Account credited to the Cash Fund shall be paid in cash in the manner elected in accordance with the provisions of paragraph 4(c) above.  If annual installments are elected, the amount of the first payment shall be a fraction of the balance in the participant’s Account as of the December 31 of the year preceding such payment, the numerator of which is one and the denominator of which is the total number of annual installments elected.  The amount of each subsequent payment shall be a fraction of the balance in the participant’s Account as of December 31 of the year preceding each subsequent payment, the numerator of which is one and the denominator of which is the total number of installments elected minus the number of installments previously paid.  Each payment pursuant to this paragraph 7(a) shall include Interest Equivalents, but only on the amount being paid, from the preceding December 31 to the date of payment.

 

(b)                                 The balance in a participant’s Account credited to Share Units shall be paid in the number of actual shares of Common Stock equal to the whole number of Share Units in the participant’s Account.  If annual installments are elected, the whole number of shares of Common Stock in the first payment shall be a fraction of the number of Share Units in the participant’s Account as of December 31 of the year preceding such payment, the numerator of which is one and the denominator of which is the total number of annual installments elected.  The whole number of shares of Common Stock in each

 

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subsequent payment shall be a fraction of the Share Units in the participant’s Account as of December 31 of the year preceding each subsequent payment, the numerator of which is one and the denominator of which is the total number of installments elected minus the number of installments previously paid.  Cash payments in lieu of fractional shares of Common Stock issuable in respect of fractional Share Units, if applicable, shall be made with the last payment.

 

(c)                                  Notwithstanding the election of the participant pursuant to paragraph 4(c), in the event of a participant’s death, Disability or to comply with ethics laws or conflicts of interest laws in accordance with Treasury Regulation Section 1.409A-3(j)(4)(iii) (a “Conflict Event”), the balance in the participant’s Account (in the case of the Cash Fund, including Interest Equivalents in relation to the elapsed portion of the year in which the participant’s death, Disability or Conflict Event occurs, if any) shall be determined as of the date of death, Disability or Conflict Event, and such balance shall be paid in one lump-sum payment in cash in the case of the Cash Fund or in actual shares of Common Stock in the case of Share Units to the participant or the participant’s estate, as the case may be, as soon as reasonably practicable thereafter (and otherwise in compliance with applicable law) but in no event later than the later of the last day of such calendar year in which the death, Conflict Event or Disability occurred or ninety (90) days following the occurrence of the death, Conflict Event or Disability.  For the avoidance of doubt, in no event may any participant, directly or indirectly, designate the calendar year of any payment to be made pursuant to the Plan.

 

(d)                                 In the event of any merger, consolidation, acquisition of property or shares, stock rights offering, liquidation, disaffiliation, or similar event affecting the Company or any of its subsidiaries, the Board or the Compensation and Human Resources Committee (or such other Committee as the Board may from time to time designate) (the “Committee”) may make such equitable substitutions or adjustments in the aggregate number of Share Units in a participant’s Account, in the form or type of property represented by such Share Units and in the number and kind of shares reserved for issuance as the Board or the Committee deems appropriate.  In the event of a stock dividend, stock split, reverse stock split, separation, spinoff, reorganization, extraordinary dividend of cash or other property, share combination, or recapitalization or similar event affecting the capital structure of the Company, the Committee or the Board shall make such substitutions or adjustments as it deems appropriate and equitable to the aggregate number of Share Units in a participant’s Account, in the form or type of property represented by such Share Units and in the number and kind of shares reserved for issuance.  Any successor corporation or other acquirer of the Company shall be required to assume the Company’s obligations hereunder and substitute an appropriate number of shares of stock or other equity measure of such successor entity for Share Units.

 

8.                                       PARTICIPANT’S RIGHTS UNSECURED.  The right of a participant to receive any unpaid portion of the participant’s Account, whether the Cash Fund or Share Units, shall be an unsecured claim against the general assets of the Company.

 

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9.                                       NONASSIGNABILITY.  The right of a participant to receive any unpaid portion of the participant’s Account shall not be assigned, transferred, pledged or encumbered or be subject in any manner to alienation or anticipation.

 

10.                                 ADMINISTRATION.  This Plan shall be administered by the Secretary of the Company, who shall have the authority to adopt rules and regulations for carrying out the Plan and to interpret, construe and implement the provisions thereof.

 

11.                                 STOCK SUBJECT TO PLAN.  The total number of Share Units that may be credited to the Accounts of all eligible directors, and, subject to Section 7(d) of the Plan, the total number of shares of Common Stock reserved and available for issuance, under the Plan shall be 100,000.

 

12.                                 CONDITIONS UPON ISSUANCE OF COMMON STOCK.  Shares of Common Stock shall not be issued pursuant to the Plan unless the issuance and delivery of such shares pursuant hereto shall comply with all relevant provisions of law, including, without limitation, the Securities Act of 1933, as amended, the Securities Exchange Act of 1934, as amended, the rules and regulations promulgated thereunder, and the requirements of any stock exchange upon which the shares of Common Stock may then be listed, and shall be further subject to the approval of counsel for the Company with respect to such compliance.

 

13.                                 AMENDMENT AND TERMINATION.  This Plan may be amended, modified or terminated at any time by the Committee or the Board; provided, however, that no such amendment, modification or termination shall, without the consent of a participant, adversely affect such participant’s rights with respect to amounts theretofore accrued to the participant’s Account and any amendment or termination of the Plan shall be effected in accordance with the requirements of Section 409A of the Code.

 

14.                                 SECTION 409A OF THE CODE.

 

(a)                                  The terms and conditions of the Plan are intended to comply (and shall be interpreted in accordance) with Section 409A of the Code and the regulations thereunder.

 

(b)                                 For purposes of this Plan, “Separation from Service” shall mean a “separation from service,” as defined in Section 409A of the Code.

 

(c)                                  No action shall be taken under the Plan that will cause any Account to fail to comply in any respect with Section 409A of the Code without the written consent of the participant.

 

(d)                                 Any adjustments to Share Units and/or cash payments made pursuant to paragraph 7(d) shall be made (i) in compliance with the requirements of Section 409A of the Code and (ii) in such a manner as to ensure that after such adjustment and/or cash payment the Share Units or Deferred Fees comply with the requirements of Section 409A of the Code.

 

(e)                                  Notwithstanding any other provision of this Plan to the contrary, if the participant is a Specified Employee at the time of his or her Separation from Service, any

 

6



 

payment to be made to a participant upon his or her Separation from Service shall be delayed until the earlier of (i) first day of the seventh month following his or her Separation from Service or (ii) upon such participant’s death.  For the avoidance of doubt, in no event may any participant, directly or indirectly, designate the calendar year of any payment to be made pursuant to the Plan.  For purposes of this Plan, “Specified Employee” shall mean any Participant who is a “key employee” (as defined in Code Section 416(i) without regard to paragraph (5) thereof), as determined by the Company in accordance with its uniform policy with respect to all arrangements subject to Code Section 409A, based upon the twelve (12) month period ending on each December 31st.  All participants who are determined to be key employees under Code Section 416(i)(1)(A)(i), (ii) or (iii) (without regard to paragraph (5) thereof) on December 31st shall be treated as Specified Employees for purposes of the Plan during the twelve (12) month period that begins on the following April 1st.

 

(f)                                    For purposes of this Plan, “Disability” shall mean a disability within the meaning of Section 409A of the Code.

 

7



EX-31.1 3 a2203680zex-31_1.htm EXHIBIT 31.1
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Exhibit 31.1

Certification

I, Gregory R. Blatt, certify that:

1.
I have reviewed this quarterly report on Form 10-Q for the quarter ended March 31, 2011 of IAC/InterActiveCorp;

2.
Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.
Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.
The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:            

a)
Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b)
Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c)
Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d)
Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5.
The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

a)
All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

b)
Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Dated: May 6, 2011   /s/ GREGORY R. BLATT

Gregory R. Blatt
Chief Executive Officer
       



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EX-31.2 4 a2203680zex-31_2.htm EXHIBIT 31.2
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Exhibit 31.2

Certification

I, Barry Diller, certify that:

1.
I have reviewed this quarterly report on Form 10-Q for the quarter ended March 31, 2011 of IAC/InterActiveCorp;

2.
Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.
Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.
The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:            

a)
Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b)
Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c)
Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d)
Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5.
The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

a)
All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

b)
Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Dated: May 6, 2011   /s/ BARRY DILLER

Barry Diller
Chairman and Senior Executive
       



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EX-31.3 5 a2203680zex-31_3.htm EXHIBIT 31.3
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Exhibit 31.3

Certification

I, Thomas J. McInerney, certify that:

1.
I have reviewed this quarterly report on Form 10-Q for the quarter ended March 31, 2011 of IAC/InterActiveCorp;

2.
Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.
Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.
The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:            

a)
Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b)
Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c)
Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d)
Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5.
The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

a)
All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

b)
Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Dated: May 6, 2011   /s/ THOMAS J. MCINERNEY

Thomas J. McInerney
Executive Vice President and
Chief Financial Officer
       



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EX-32.1 6 a2203680zex-32_1.htm EXHIBIT 32.1
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Exhibit 32.1

CERTIFICATION PURSUANT TO
18 U.S.C. SECTION 1350,
AS ADOPTED PURSUANT TO
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

        I, Gregory R. Blatt, certify, pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, 18 U.S.C. Section 1350, that, to my knowledge:

(1)
the Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2011 of IAC/InterActiveCorp (the "Report") which this statement accompanies fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934 (15 U.S.C. 78m or 78o(d)); and

(2)
the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of IAC/InterActiveCorp.

Dated: May 6, 2011   /s/ GREGORY R. BLATT

Gregory R. Blatt
Chief Executive Officer
       



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CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002
EX-32.2 7 a2203680zex-32_2.htm EXHIBIT 32.2
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Exhibit 32.2

CERTIFICATION PURSUANT TO
18 U.S.C. SECTION 1350,
AS ADOPTED PURSUANT TO
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

        I, Barry Diller, certify, pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, 18 U.S.C. Section 1350, that, to my knowledge:

(1)
the Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2011 of IAC/InterActiveCorp (the "Report") which this statement accompanies fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934 (15 U.S.C. 78m or 78o(d)); and

(2)
the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of IAC/InterActiveCorp.

Dated: May 6, 2011   /s/ BARRY DILLER

Barry Diller
Chairman and Senior Executive
       



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CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002
EX-32.3 8 a2203680zex-32_3.htm EX-32.3
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Exhibit 32.3

CERTIFICATION PURSUANT TO
18 U.S.C. SECTION 1350,
AS ADOPTED PURSUANT TO
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

        I, Thomas J. McInerney, certify, pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, 18 U.S.C. Section 1350, that, to my knowledge:

(1)
the Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2011 of IAC/InterActiveCorp (the "Report") which this statement accompanies fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934 (15 U.S.C. 78m or 78o(d)); and

(2)
the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of IAC/InterActiveCorp.

Dated: May 6, 2011   /s/ THOMAS J. MCINERNEY

Thomas J. McInerney
Executive Vice President and
Chief Financial Officer
       



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CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002
EX-101.INS 9 iaci-20110331.xml EX-101.INS 0000891103 2010-12-31 0000891103 2009-12-31 0000891103 us-gaap:CommonClassAMember 2011-04-22 0000891103 us-gaap:CommonClassBMember 2011-04-22 0000891103 us-gaap:CommonClassAMember 2011-03-31 0000891103 us-gaap:CommonClassBMember 2011-03-31 0000891103 us-gaap:CommonClassAMember 2010-12-31 0000891103 us-gaap:CommonClassBMember 2010-12-31 0000891103 iaci:CostOfRevenueMember 2011-01-01 2011-03-31 0000891103 iaci:ProductDevelopmentExpenseMember 2011-01-01 2011-03-31 0000891103 us-gaap:SellingAndMarketingExpenseMember 2011-01-01 2011-03-31 0000891103 us-gaap:GeneralAndAdministrativeExpenseMember 2011-01-01 2011-03-31 0000891103 iaci:CostOfRevenueMember 2010-01-01 2010-03-31 0000891103 us-gaap:SellingAndMarketingExpenseMember 2010-01-01 2010-03-31 0000891103 us-gaap:GeneralAndAdministrativeExpenseMember 2010-01-01 2010-03-31 0000891103 iaci:ProductDevelopmentExpenseMember 2010-01-01 2010-03-31 0000891103 2011-01-01 2011-03-31 0000891103 2011-03-31 0000891103 2010-01-01 2010-03-31 0000891103 2010-03-31 0000891103 2010-01-01 2010-12-31 0000891103 2011-04-22 iso4217:USD iso4217:USD xbrli:shares xbrli:shares 3439554000 3439554000 226000 16000 227000 16000 742099000 563997000 119581000 118308000 1543985000 267928000 989493000 245044000 200721000 192383000 56375000 78175000 222323000 356873000 95844000 475685000 20350000 59869000 11428749000 -652018000 17546000 8363586000 2430933000 3536629000 3536629000 8942000 8848000 153663130 153764902 0.001 0.001 0.001 0.001 1600000000 1600000000 227471581 225873751 85268800 84078621 400000000 400000000 16157499 16157499 4595378 4289499 378178000 131149000 130381000 73964000 14792000 15793000 3174000 369253000 8925000 -22613000 5236000 -8452000 6145000 -14597000 -4727000 -19324000 -619000 -18705000 21545000 37336000 422877000 460213000 36209000 18220000 18070000 20168000 -0.12 -0.12 -0.16 -0.16 -4727000 6816000 12129000 2955000 4816000 6997000 6544000 1920000 56548000 9759000 11490000 195665000 284933000 2371000 -107776000 246154000 2471000 4800000 -238883000 -290111000 -386000 -3228000 -293725000 105665000 106496000 8619000 43154000 53892000 848595000 952272000 1245997000 <table style="font-size:10pt; font-family:'Times New Roman',times,serif;"> <tr> <td> <p style="FONT-FAMILY: times"><font size="2"><b>NOTE 1&#151;THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES </b></font></p> <p style="FONT-FAMILY: times"><font size="2"><b>Nature of Operations</b></font></p> <p style="FONT-FAMILY: times"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IAC is a leading internet company with more than 50 brands serving consumer audiences across more than 30&nbsp;countries&#133;our mission is to harness the power of interactivity to make daily life easier and more productive for people all over the world. IAC includes the businesses comprising its Search segment; its Match and ServiceMagic segments; the businesses comprising its Media&nbsp;&amp; Other segment; as well as investments in unconsolidated affiliates. </font></p> <p style="FONT-FAMILY: times"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All references to "IAC," the "Company," "we," "our" or "us" in this report are to IAC/InterActiveCorp.</font></p> <p style="FONT-FAMILY: times"><font size="2"><b>Basis of Presentation</b></font></p> <p style="FONT-FAMILY: times"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The consolidated financial statements include the accounts of the Company, all entities that are wholly-owned by the Company and all entities in which the Company has a controlling financial interest, whether through voting interests or variable interests. The Company's consolidated financial statements include one variable interest entity, in which the Company has a controlling financial interest through voting rights and is also the primary beneficiary. Intercompany transactions and accounts have been eliminated. Investments in entities in which the Company has the ability to exercise significant influence over the operating and financial matters of the investee, but does not have a controlling financial interest, are accounted for using the equity method and are included in "Long-term investments" in the accompanying consolidated balance sheet.</font></p> <p style="FONT-FAMILY: times"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The accompanying unaudited consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles ("U.S.&nbsp;GAAP") for interim financial information and with the rules and regulations of the Securities and Exchange Commission ("SEC"). Accordingly, they do not include all of the information and notes required by U.S.&nbsp;GAAP for complete financial statements. In the opinion of management, the accompanying unaudited consolidated financial statements include all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation. Interim results are not necessarily indicative of the results that may be expected for a full year. The accompanying unaudited consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company's annual report on Form&nbsp;10-K for the year ended December&nbsp;31, 2010. </font></p> <p style="FONT-FAMILY: times"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The accompanying unaudited consolidated statements of operations and cash flows for the three months ended March&nbsp;31, 2010 have been reclassified to present Evite, Gifts.com, IAC Advertising Solutions and InstantAction, all of which were previously reported in IAC's Media&nbsp;&amp; Other segment, as discontinued operations. In addition, certain other prior year amounts have been reclassified to conform to the current year presentation. </font></p> <p style="FONT-FAMILY: times"><font size="2"><b>Accounting Estimates</b></font></p> <p style="FONT-FAMILY: times"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The preparation of consolidated financial statements in accordance with U.S.&nbsp;GAAP requires management to make certain estimates and judgments that affect the reported amounts of assets, liabilities, revenue and expenses and the related disclosure of contingent assets and liabilities. Actual amounts could differ materially from these estimates. On an ongoing basis, the Company evaluates its estimates and judgments including those related to the fair values of marketable securities and other investments, goodwill and indefinite-lived intangible assets, the useful lives of definite-lived intangible assets and property and equipment, the carrying value of accounts receivable, including the determination of the allowances for doubtful accounts and other revenue related allowances, the reserves for income tax contingencies and the valuation allowances for deferred income tax assets and the fair value of stock-based awards, among others. The Company bases its estimates and judgments on historical experience, its forecasts and budgets and other factors that the Company considers relevant. </font></p> <p style="FONT-FAMILY: times"><font size="2"><b>Certain Risks and Concentrations</b></font></p> <p style="FONT-FAMILY: times"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A substantial portion of the Company's revenue is attributable to online advertising, the market for which is highly competitive and rapidly changing. Significant changes in this industry or changes in customer buying behavior or advertiser spending behavior could adversely affect our operating results. A significant majority of the Company's online advertising revenue is attributable to a paid listing supply agreement with Google&nbsp;Inc. ("Google"). On April&nbsp;8, 2011, this agreement was amended and extended through March&nbsp;31, 2016. For the three months ended March&nbsp;31, 2011 and 2010, revenue earned from Google is $214.9&nbsp;million and $171.5&nbsp;million, respectively. The majority of this revenue is earned by the businesses comprising the Search segment. Accounts receivable related to revenue earned from Google totaled $77.3&nbsp;million at March&nbsp;31, 2011 and $70.5&nbsp;million at December&nbsp;31, 2010.</font></p></td></tr></table> <table style="font-size:10pt; font-family:'Times New Roman',times,serif;"> <tr> <td> <p style="FONT-FAMILY: times"><font size="2"><b>NOTE 2&#151;CONSOLIDATED FINANCIAL STATEMENT DETAILS </b></font></p> <p style="FONT-FAMILY: times"><font size="2"><b>Property and equipment, net</b></font></p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 60%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 20%; PADDING-TOP: 0pt"> <p style="FONT-FAMILY: times"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="HEIGHT: 0px"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times" width="10" align="left"></td> <td style="FONT-FAMILY: times" align="left"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="56"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="64"></td> <td style="FONT-FAMILY: times" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" colspan="2" align="left"><font size="2">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>March&nbsp;31,<br /> 2011 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>December&nbsp;31,<br /> 2010 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" colspan="2" align="left"><font size="1">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="FONT-FAMILY: times" colspan="5" align="center"><font size="1"><b>(In thousands)</b></font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Buildings and leasehold improvements</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">234,483</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">234,328</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Computer equipment and capitalized software</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">184,441</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">183,055</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Furniture and other equipment</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">41,394</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">41,930</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Projects in progress</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">3,203</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">2,944</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Land</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">5,117</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">5,117</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt">&nbsp;</p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">468,638</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">467,374</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Less: accumulated depreciation and amortization</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(206,069</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(199,446</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Property and equipment, net</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">262,569</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">267,928</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <p style="FONT-FAMILY: times"><font size="2"><b>Redeemable noncontrolling interests </b></font></p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 60%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 20%; PADDING-TOP: 0pt"> <p style="FONT-FAMILY: times"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="HEIGHT: 0px"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times" width="10" align="left"></td> <td style="FONT-FAMILY: times" align="left"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="49"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="64"></td> <td style="FONT-FAMILY: times" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" colspan="2" align="left"><font size="2">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>March&nbsp;31, 2011 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>December&nbsp;31, 2010 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" colspan="2" align="left"><font size="1">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="FONT-FAMILY: times" colspan="5" align="center"><font size="1"><b>(In thousands)</b></font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Balance at January&nbsp;1</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">59,869</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">28,180</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Noncontrolling interests related to acquisitions</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">23,583</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Noncontrolling interest created by a decrease in the ownership of a subsidiary</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">15,750</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Contribution from owners of noncontrolling interests</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">20</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">79</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Net earnings (loss) attributable to noncontrolling interests</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">150</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">(5,007</font></td> <td style="FONT-FAMILY: times"><font size="2">)</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Change in fair value of redeemable noncontrolling interests</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">(2,059</font></td> <td style="FONT-FAMILY: times"><font size="2">)</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Change in foreign currency translation adjustment</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">78</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">(267</font></td> <td style="FONT-FAMILY: times"><font size="2">)</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Other</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">(390</font></td> <td style="FONT-FAMILY: times"><font size="2">)</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Balance at end of period</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">60,117</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">59,869</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <p style="FONT-FAMILY: times"><font size="2"><b>Accumulated other comprehensive income </b></font></p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 60%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 20%; PADDING-TOP: 0pt"> <p style="FONT-FAMILY: times"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="HEIGHT: 0px"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times" width="10" align="left"></td> <td style="FONT-FAMILY: times" align="left"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="49"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="64"></td> <td style="FONT-FAMILY: times" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" colspan="2" align="left"><font size="2">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>March&nbsp;31, 2011 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>December&nbsp;31, 2010 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" colspan="2" align="left"><font size="1">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="FONT-FAMILY: times" colspan="5" align="center"><font size="1"><b>(In thousands)</b></font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Foreign currency translation adjustment, net of tax</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">16,955</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">16,027</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Unrealized gains on available-for-sale securities, net of tax</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">3,888</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">1,519</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Accumulated other comprehensive income, net of tax</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">20,843</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">17,546</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <p style="FONT-FAMILY: times"><font size="2"><b>Other income (expense), net</b></font></p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 60%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 20%; PADDING-TOP: 0pt"> <p style="FONT-FAMILY: times"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="HEIGHT: 0px"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times" width="10" align="left"></td> <td style="FONT-FAMILY: times" align="left"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="51"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="51"></td> <td style="FONT-FAMILY: times" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" colspan="2" align="left"><font size="2">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="5" align="center"><font size="1"><b>Three Months Ended<br /> March&nbsp;31,</b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" colspan="2" align="left"><font size="1">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>2011 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>2010 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" colspan="2" align="left"><font size="1">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="FONT-FAMILY: times" colspan="5" align="center"><font size="1"><b>(In thousands)</b></font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Interest income</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">1,302</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">1,635</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Interest expense</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(1,355</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(1,323</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Gain on sales of investments</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">846</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">3,989</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Other</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(41</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">935</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Other income, net</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">752</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">5,236</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <p style="FONT-FAMILY: times"><font size="2"><b>Comprehensive income (loss)</b></font></p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 60%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 20%; PADDING-TOP: 0pt"> <p style="FONT-FAMILY: times"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="HEIGHT: 0px"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times" width="10" align="left"></td> <td style="FONT-FAMILY: times" align="left"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="45"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="50"></td> <td style="FONT-FAMILY: times" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" colspan="2" align="left"><font size="2">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="5" align="center"><font size="1"><b>Three Months Ended<br /> March&nbsp;31,</b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" colspan="2" align="left"><font size="1">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>2011 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>2010 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" colspan="2" align="left"><font size="1">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="FONT-FAMILY: times" colspan="5" align="center"><font size="1"><b>(In thousands)</b></font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Net earnings (loss) attributable to IAC shareholders</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">18,070</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">(18,705</font></td> <td style="FONT-FAMILY: times"><font size="2">)</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Change in foreign currency translation adjustment, net of tax</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">928</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">(4,673</font></td> <td style="FONT-FAMILY: times"><font size="2">)</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Change in net unrealized gains (losses) on available-for-sale securities, net of tax</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">2,369</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">(5,209</font></td> <td style="FONT-FAMILY: times"><font size="2">)</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Other comprehensive income (loss)</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">3,297</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">(9,882</font></td> <td style="FONT-FAMILY: times"><font size="2">)</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Comprehensive income (loss)</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">21,367</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">(28,587</font></td> <td style="FONT-FAMILY: times"><font size="2">)</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <p style="FONT-FAMILY: times"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The specific-identification method is used to determine the cost of securities sold and the amount of unrealized gains and losses reclassified out of accumulated other comprehensive income into earnings. The amount of unrealized gains, net of tax, reclassified out of accumulated other comprehensive income into earnings related to the sales and maturities of available-for-sale securities for the three months ended March&nbsp;31, 2011 and 2010 were $0.1&nbsp;million and $2.5&nbsp;million, respectively.</font></p></td></tr></table> <table style="font-size:10pt; font-family:'Times New Roman',times,serif;"> <tr> <td> <p style="FONT-FAMILY: times"><font size="2"><b>NOTE 3&#151;INCOME TAXES</b></font></p> <p style="FONT-FAMILY: times"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At the end of each interim period, the Company makes its best estimate of the annual expected effective tax rate and applies that rate to its ordinary year-to-date earnings or loss. The income tax provision or benefit related to significant, unusual, or extraordinary items, if applicable, that will be separately reported or reported net of their related tax effect are individually computed and recognized in the interim period in which those items occur. In addition, the effect of changes in enacted tax laws or rates, tax status, or judgment on the realizability of a beginning-of-the-year deferred tax asset in future years is recognized in the interim period in which the change occurs. </font></p> <p style="FONT-FAMILY: times"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The computation of the annual expected effective tax rate at each interim period requires certain estimates and assumptions including, but not limited to, the expected pre-tax income (or loss) for the year, projections of the proportion of income (and/or loss) earned and taxed in foreign jurisdictions, permanent and temporary differences, and the likelihood of the realizability of deferred tax assets generated in the current year. The accounting estimates used to compute the provision or benefit for income taxes may change as new events occur, more experience is acquired, additional information is obtained or our tax environment changes. To the extent that the expected annual effective tax rate changes during a quarter, the effect of the change on prior quarters is included in income tax provision for the quarter in which the change occurs. </font></p> <p style="FONT-FAMILY: times"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For the three months ended March&nbsp;31, 2011, the Company recorded an income tax provision for continuing operations of $16.0&nbsp;million, which represents an effective tax rate of 44%. The tax rate for the three months ended March&nbsp;31, 2011 is higher than the federal statutory rate of 35% due principally to interest for income tax contingencies and state taxes, partially offset by foreign income taxed at lower rates. For the three months ended March&nbsp;31, 2010, the Company recorded an income tax provision for continuing operations of $6.1&nbsp;million on a pre-tax loss of $8.5&nbsp;million. The continuing operations income tax provision, despite a pre-tax loss, is due principally to a valuation allowance on the deferred tax asset created by the impairment charge for our investment in The HealthCentral Network,&nbsp;Inc. ("HealthCentral"), interest on income tax contingencies and state taxes. </font></p> <p style="FONT-FAMILY: times"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At March&nbsp;31, 2011 and December&nbsp;31, 2010, unrecognized tax benefits, including interest, are $490.2&nbsp;million and $487.6&nbsp;million, respectively. Of the total unrecognized tax benefits at March&nbsp;31, 2011, $478.2&nbsp;million is included in "non-current income taxes payable," $11.9&nbsp;million relates to deferred tax assets included in "other non-current assets" and $0.1&nbsp;million is included in "accrued expenses and other current liabilities." Included in unrecognized tax benefits at March&nbsp;31, 2011 is $98.4&nbsp;million relating to tax positions for which the ultimate deductibility is highly certain but for which there is uncertainty about the timing of such deductibility. If unrecognized tax benefits at March&nbsp;31, 2011 are subsequently recognized, $106.1&nbsp;million and $208.7&nbsp;million, net of related deferred tax assets and interest, would reduce income tax provision for continuing operations and discontinued operations, respectively. In addition, a continuing operations income tax provision of $4.3&nbsp;million would be required upon the subsequent recognition of unrecognized tax benefits for an increase in the Company's valuation allowance against certain deferred tax assets. </font></p> <p style="FONT-FAMILY: times"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company recognizes interest and, if applicable, penalties related to unrecognized tax benefits in income tax provision. Included in income tax provision for continuing operations and discontinued operations for the three months ended March&nbsp;31, 2011 is a $2.1&nbsp;million expense and a $1.5&nbsp;million expense, respectively, net of related deferred taxes of $1.3&nbsp;million and $0.9&nbsp;million, respectively, for interest on unrecognized tax benefits. At March&nbsp;31, 2011 and December&nbsp;31, 2010, the Company has accrued $103.6&nbsp;million and $97.7&nbsp;million, respectively, for the payment of interest. At March&nbsp;31, 2011 and December&nbsp;31, 2010, the Company has accrued $5.0&nbsp;million for penalties. </font></p> <p style="FONT-FAMILY: times"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company is routinely under audit by federal, state, local and foreign authorities in the area of income tax. These audits include questioning the timing and the amount of income and deductions and the allocation of income and deductions among various tax jurisdictions. The Internal Revenue Service ("IRS") has completed its review of the Company's tax returns for the years ended December&nbsp;31, 2001 through 2003 and the proposed settlement has been submitted to the Joint Committee of Taxation for approval. The IRS is currently examining the Company's tax returns for the years ended December&nbsp;31, 2004 through 2006. The statute of limitations for the years 2001 through 2006 has currently been extended to December&nbsp;31, 2012. Various state, local and foreign jurisdictions are currently under examination, the most significant of which are California, New York and New York City for various tax years beginning with December&nbsp;31, 2003. Income taxes payable include reserves considered sufficient to pay assessments that may result from examination of prior year tax returns. Changes to reserves from period to period and differences between amounts paid, if any, upon resolution of issues raised in audits and amounts previously provided may be material. Differences between the reserves for income tax contingencies and the amounts owed by the Company are recorded in the period they become known. The Company believes that it is reasonably possible that its unrecognized tax benefits could decrease by $64.3&nbsp;million within twelve months of the current reporting date, of which approximately $15.7&nbsp;million could decrease income tax provision, primarily due to settlements, expirations of statutes of limitation, and the reversal of deductible temporary differences that will primarily result in a corresponding decrease in net deferred tax assets. An estimate of other changes in unrecognized tax benefits, while potentially significant, cannot be made.</font></p></td></tr></table> <table style="font-size:10pt; font-family:'Times New Roman',times,serif;"> <tr> <td> <p style="FONT-FAMILY: times"><font size="2"><b>NOTE 4&#151;BUSINESS COMBINATION</b></font></p> <p style="FONT-FAMILY: times"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On January&nbsp;20, 2011, Match acquired OkCupid for $50.0&nbsp;million in cash, plus potential additional consideration that is contingent upon OkCupid's 2011 earnings performance. The amount of the additional contingent consideration ranges from $0 to $40.0&nbsp;million. The fair value of the contingent consideration arrangement at the acquisition date was $40.0&nbsp;million and is included in "Accrued expenses and other current liabilities" in the accompanying consolidated balance sheet at March&nbsp;31, 2011. The Company estimated the fair value of the contingent consideration using a probability weighted earnings model, which incorporates significant unobservable inputs.</font></p></td></tr></table> <table style="font-size:10pt; font-family:'Times New Roman',times,serif;"> <tr> <td> <p style="FONT-FAMILY: times"><font size="2"><b>NOTE 5&#151;MARKETABLE SECURITIES</b></font></p> <p style="FONT-FAMILY: times"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At March&nbsp;31, 2011, available-for-sale marketable securities are as follows (in thousands):</font></p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 80%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 10%; PADDING-TOP: 0pt"> <p style="FONT-FAMILY: times"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="HEIGHT: 0px"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times" width="10" align="left"></td> <td style="FONT-FAMILY: times" align="left"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="51"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="51"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="51"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="51"></td> <td style="FONT-FAMILY: times" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" colspan="2" align="left"><font size="2">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>Amortized<br /> Cost </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>Gross<br /> Unrealized<br /> Gains </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>Gross<br /> Unrealized<br /> Losses </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>Estimated<br /> Fair Value </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Corporate debt securities</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">217,940</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">701</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(19</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">218,622</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">States of the U.S. and state political subdivisions</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">110,192</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">407</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(100</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">110,499</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">U.S. Treasury securities</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">124,937</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">25</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">124,962</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Total debt securities</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">453,069</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">1,133</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(119</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">454,083</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Equity security</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">10,224</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">4,583</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">14,807</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Total marketable securities</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">463,293</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">5,716</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(119</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">468,890</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <p style="FONT-FAMILY: times"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At December&nbsp;31, 2010, available-for-sale marketable securities are as follows (in thousands):</font></p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 80%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 10%; PADDING-TOP: 0pt"> <p style="FONT-FAMILY: times"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="HEIGHT: 0px"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times" width="10" align="left"></td> <td style="FONT-FAMILY: times" align="left"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="51"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="51"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="51"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="51"></td> <td style="FONT-FAMILY: times" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" colspan="2" align="left"><font size="2">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>Amortized<br /> Cost </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>Gross<br /> Unrealized<br /> Gains </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>Gross<br /> Unrealized<br /> Losses </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>Estimated<br /> Fair Value </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Corporate debt securities</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">237,406</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">773</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(16</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">238,163</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">States of the U.S. and state political subdivisions</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">110,478</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">373</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(230</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">110,621</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">U.S. Treasury securities</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">199,881</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">18</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">199,899</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Total debt securities</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">547,765</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">1,164</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(246</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">548,683</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Equity securities</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">12,896</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">2,418</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">15,314</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Total marketable securities</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">560,661</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">3,582</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(246</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">563,997</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <p style="FONT-FAMILY: times"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The net unrealized gains in the tables above are included in accumulated other comprehensive income for their respective periods. </font></p> <p style="FONT-FAMILY: times"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The contractual maturities of debt securities classified as available-for-sale at March&nbsp;31, 2011 are as follows (in thousands): </font></p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 60%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 20%; PADDING-TOP: 0pt"> <p style="FONT-FAMILY: times"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="HEIGHT: 0px"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times" width="10" align="left"></td> <td style="FONT-FAMILY: times" align="left"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="51"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="51"></td> <td style="FONT-FAMILY: times" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" colspan="2" align="left"><font size="2">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>Amortized<br /> Cost </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>Estimated<br /> Fair Value </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Due in one year or less</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">359,970</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">360,676</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Due after one year through five years</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">93,099</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">93,407</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Total</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">453,069</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">454,083</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <p style="FONT-FAMILY: times"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following table summarizes investments in marketable securities that have been in a continuous unrealized loss position for less than twelve months (in thousands): </font></p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 60%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 20%; PADDING-TOP: 0pt"> <p style="FONT-FAMILY: times"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="HEIGHT: 0px"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times" width="10" align="left"></td> <td style="FONT-FAMILY: times" align="left"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="45"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="51"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="45"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="51"></td> <td style="FONT-FAMILY: times" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" colspan="2" align="left"><font size="2">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="5" align="center"><font size="1"><b>March&nbsp;31, 2011 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="5" align="center"><font size="1"><b>December&nbsp;31, 2010 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" colspan="2" align="left"><font size="1">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>Fair<br /> Value </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>Gross<br /> Unrealized<br /> Losses </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>Fair<br /> Value </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>Gross<br /> Unrealized<br /> Losses </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Corporate debt securities</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">14,848</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">(19</font></td> <td style="FONT-FAMILY: times"><font size="2">)</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">34,552</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">(16</font></td> <td style="FONT-FAMILY: times"><font size="2">)</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">States of the U.S. and state political subdivisions</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">15,665</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">(100</font></td> <td style="FONT-FAMILY: times"><font size="2">)</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">39,171</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">(230</font></td> <td style="FONT-FAMILY: times"><font size="2">)</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Total</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">30,513</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">(119</font></td> <td style="FONT-FAMILY: times"><font size="2">)</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">73,723</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">(246</font></td> <td style="FONT-FAMILY: times"><font size="2">)</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <p style="FONT-FAMILY: times"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At March&nbsp;31, 2011 and December&nbsp;31, 2010, there are no investments in marketable securities that have been in a continuous unrealized loss position for twelve months or longer. </font></p> <p style="FONT-FAMILY: times"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Substantially all of the Company's debt securities are rated investment grade. Because the Company does not intend to sell any marketable securities and it is not more likely than not that the Company will be required to sell any marketable securities before recovery of their amortized cost bases, which may be maturity, the Company does not consider any of its marketable securities to be other-than-temporarily impaired at March&nbsp;31, 2011. </font></p> <p style="FONT-FAMILY: times"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following table presents the proceeds from sales and maturities of available-for-sale marketable securities and the related gross realized gains and losses (in thousands):</font></p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 60%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 20%; PADDING-TOP: 0pt"> <p style="FONT-FAMILY: times"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="HEIGHT: 0px"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times" align="left"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="51"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="51"></td> <td style="FONT-FAMILY: times" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" align="left"><font size="2">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="5" align="center"><font size="1"><b>Three Months Ended<br /> March&nbsp;31,</b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" align="left"><font size="1">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>2011 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>2010 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Proceeds from sales and maturities of available-for-sale marketable securities</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">198,765</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">200,990</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Gross realized gains</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">894</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">4,249</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Gross realized losses</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">(18</font></td> <td style="FONT-FAMILY: times"><font size="2">)</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <p style="FONT-FAMILY: times"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gross realized gains and losses from the sale of marketable securities and from the sale of investments are included in "Other income, net" in the accompanying consolidated statement of operations.</font></p></td></tr></table> <table style="font-size:10pt; font-family:'Times New Roman',times,serif;"> <tr> <td> <p style="FONT-FAMILY: times"><font size="2"><b>NOTE 6&#151;EQUITY METHOD INVESTMENTS IN UNCONSOLIDATED AFFILIATES </b></font></p> <p style="FONT-FAMILY: times"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At March&nbsp;31, 2011 and December&nbsp;31, 2010, the carrying values of the Company's investments in unconsolidated affiliates accounted for under the equity method totaled $150.9&nbsp;million and $148.6&nbsp;million, respectively, and are included in "Long-term investments" in the accompanying consolidated balance sheet.</font></p> <p style="FONT-FAMILY: times"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;During the first quarter of 2010, the Company recorded an $18.3&nbsp;million impairment charge to write-down its investment in HealthCentral to fair value. The decline in value was determined to be other-than-temporary due to HealthCentral's continued losses and negative operating cash flows, which are due, in part, to macroeconomic and industry specific factors. The valuation of our investment in HealthCentral reflected the Company's assessment of these factors. The Company estimated the fair value of its investment in HealthCentral using a multiple of revenue approach in the context of a different valuation environment than that which prevailed when our initial investment was made. The Company records its share of the results of HealthCentral on a one-quarter lag and, along with the related impairment charge, includes it within "Equity in losses of unconsolidated affiliates" in the accompanying consolidated statement of operations.</font></p></td></tr></table> <table style="font-size:10pt; font-family:'Times New Roman',times,serif;"> <tr> <td> <p style="FONT-FAMILY: times"><font size="2"><b>NOTE 7&#151;FAIR VALUE MEASUREMENTS</b></font></p> <p style="FONT-FAMILY: times"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company categorizes its assets and liabilities measured at fair value into a fair value hierarchy that prioritizes the inputs used in pricing the asset or liability. The three levels of the fair value hierarchy are: </font></p> <ul> <li style="list-style: none"> <dl compact="compact"> <dt style="FONT-FAMILY: times; MARGIN-BOTTOM: -11pt"><font size="2">&#149;</font></dt> <dd style="FONT-FAMILY: times"><font size="2">Level&nbsp;1: Observable inputs obtained from independent sources, such as quoted prices for identical assets and liabilities in active markets. </font><font size="2"><br /> <br /></font></dd> <dt style="FONT-FAMILY: times; MARGIN-BOTTOM: -11pt"><font size="2">&#149;</font></dt> <dd style="FONT-FAMILY: times"><font size="2">Level&nbsp;2: Other inputs that are observable directly or indirectly, such as quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active and inputs that are derived principally from or corroborated by observable market data. The fair value of the Company's level&nbsp;2 financial assets is primarily obtained from observable market prices for identical underlying securities that may not be actively traded. Certain of these securities may have different market prices from multiple market data sources, in which case a weighted average market price is used. </font><font size="2"><br /> <br /></font></dd> <dt style="FONT-FAMILY: times; MARGIN-BOTTOM: -11pt"><font size="2">&#149;</font></dt> <dd style="FONT-FAMILY: times"><font size="2">Level&nbsp;3: Unobservable inputs for which there is little or no market data and require the Company to develop its own assumptions, based on the best information available in the circumstances, about the assumptions market participants would use in pricing the asset or liability. See below for a discussion of assets measured at fair value using level&nbsp;3 inputs. </font></dd></dl></li></ul> <p style="FONT-FAMILY: times"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following tables present the Company's assets and liabilities that are measured at fair value on a recurring basis: </font></p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 80%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 10%; PADDING-TOP: 0pt"> <p style="FONT-FAMILY: times"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="HEIGHT: 0px"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times" width="10" align="left"></td> <td style="FONT-FAMILY: times" align="left"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="74"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="53"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="64"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="69"></td> <td style="FONT-FAMILY: times" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" colspan="2" align="left"><font size="2">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="11" align="center"><font size="1"><b>March&nbsp;31, 2011 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" colspan="2" align="left"><font size="1">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>Quoted Market<br /> Prices in Active<br /> Markets for<br /> Identical Assets<br /> (Level&nbsp;1) </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>Significant<br /> Other<br /> Observable<br /> Inputs<br /> (Level&nbsp;2)</b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>Significant<br /> Unobservable<br /> Inputs<br /> (Level&nbsp;3)</b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>Total<br /> Fair Value<br /> Measurements</b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" colspan="2" align="left"><font size="1">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="FONT-FAMILY: times" colspan="11" align="center"><font size="1"><b>(In thousands)</b></font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2"><b>Assets:</b></font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Cash equivalents:</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Treasury and government agency money market funds</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">386,478</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">386,478</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Commercial paper</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">289,088</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">289,088</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Time deposits</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">25,650</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">25,650</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Marketable securities:</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Corporate debt securities</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">218,622</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">218,622</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">States of the U.S. and state political subdivisions</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">110,499</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">110,499</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">U.S. Treasury securities</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">124,962</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">124,962</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Equity security</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">14,807</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">14,807</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Long-term investments:</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Auction rate security</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">9,050</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">9,050</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Total</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">526,247</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">643,859</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">9,050</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">1,179,156</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2"><b>Liabilities:</b></font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Contingent consideration arrangement</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">40,000</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">40,000</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Total</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">40,000</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">40,000</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <p style="FONT-FAMILY: times"><font size="2">&nbsp;<br /></font></p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 80%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 10%; PADDING-TOP: 0pt"> <p style="FONT-FAMILY: times"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="HEIGHT: 0px"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times" width="10" align="left"></td> <td style="FONT-FAMILY: times" align="left"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="74"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="53"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="64"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="69"></td> <td style="FONT-FAMILY: times" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" colspan="2" align="left"><font size="2">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="11" align="center"><font size="1"><b>December&nbsp;31, 2010 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" colspan="2" align="left"><font size="1">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>Quoted Market<br /> Prices in Active<br /> Markets for<br /> Identical Assets<br /> (Level&nbsp;1) </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>Significant<br /> Other<br /> Observable<br /> Inputs<br /> (Level&nbsp;2)</b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>Significant<br /> Unobservable<br /> Inputs<br /> (Level&nbsp;3)</b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>Total<br /> Fair Value<br /> Measurements</b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" colspan="2" align="left"><font size="1">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="FONT-FAMILY: times" colspan="11" align="center"><font size="1"><b>(In thousands)</b></font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2"><b>Assets:</b></font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Cash equivalents:</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Treasury and government agency money market funds</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">275,108</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">275,108</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Commercial paper</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">309,183</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">309,183</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Time deposits</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">26,050</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">26,050</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Marketable securities:</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Corporate debt securities</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">238,163</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">238,163</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">States of the U.S. and state political subdivisions</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">110,621</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">110,621</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">U.S. Treasury securities</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">199,899</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">199,899</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Equity security</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">15,314</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">15,314</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Long-term investments:</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Auction rate securities</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">13,100</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">13,100</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Total</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">490,321</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">684,017</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">13,100</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">1,187,438</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <p style="FONT-FAMILY: times"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following table presents the changes in the Company's assets and liabilities that are measured at fair value on a recurring basis using significant unobservable inputs (Level&nbsp;3): </font></p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 60%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 20%; PADDING-TOP: 0pt"> <p style="FONT-FAMILY: times"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="HEIGHT: 0px"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times" width="10" align="left"></td> <td style="FONT-FAMILY: times" align="left"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="61"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="67"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="61"></td> <td style="FONT-FAMILY: times" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" colspan="2" align="left"><font size="2">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="8" align="center"><font size="1"><b>Three Months Ended March&nbsp;31, </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" colspan="2" align="left"><font size="1">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="5" align="center"><font size="1"><b>2011 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>2010 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" colspan="2" align="left"><font size="1">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>Auction Rate<br /> Securities </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>Contingent<br /> Consideration<br /> Arrangement</b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>Auction Rate<br /> Securities </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" colspan="2" align="left"><font size="1">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="FONT-FAMILY: times" colspan="8" align="center"><font size="1"><b>(In thousands)</b></font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Balance at January&nbsp;1</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">13,100</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">12,635</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Total net gains (realized and unrealized):</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Included in other comprehensive income</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">950</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">785</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Fair value at date of acquisition</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">40,000</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Settlements</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(5,000</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Balance at March&nbsp;31</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">9,050</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">40,000</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">13,420</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <p style="FONT-FAMILY: times"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;There are no gains or losses included in earnings for the three months ended March&nbsp;31, 2011 and 2010, relating to the Company's assets and liabilities that are measured at fair value on a recurring basis using significant unobservable inputs. </font></p> <p style="FONT-FAMILY: times"><font size="2"><b>Auction rate securities</b></font></p> <p style="FONT-FAMILY: times"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Historically, the Company's auction rate securities ("ARS") had determinable market values arising from the auction process. However, these auctions began to fail in the third quarter of 2007. As a result of these failed auctions, the ARS no longer have readily determinable market values and are instead valued by discounting the estimated future cash flow streams of the securities over the lives of the securities. Credit spreads and other risk factors are also considered in establishing a fair value. During the first quarter of 2011, one of the ARS was redeemed at its par value of $5.0&nbsp;million. The cost basis of ARS is $10.0&nbsp;million and $15.0&nbsp;million at March&nbsp;31, 2011 and December&nbsp;31, 2010, respectively, with gross unrealized losses of $1.0&nbsp;million and $1.9&nbsp;million at March&nbsp;31, 2011 and December&nbsp;31, 2010, respectively. At March&nbsp;31, 2011, the remaining auction rate security is rated A/WR. Due to its high credit rating and because the Company does not intend to sell this security and it is not more likely than not that the Company will be required to sell this security before recovery of its amortized cost basis, which may be maturity, the Company does not consider the auction rate security to be other-than-temporarily impaired at March&nbsp;31, 2011. The unrealized losses are included in "Accumulated other comprehensive income" in the accompanying consolidated balance sheet. The remaining auction rate security matures in 2035. </font></p> <p style="FONT-FAMILY: times"><font size="2"><b>Contingent consideration arrangement </b></font></p> <p style="FONT-FAMILY: times"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;See Note&nbsp;4 for information regarding the contingent consideration arrangement. </font></p> <p style="FONT-FAMILY: times"><font size="2"><b>Assets measured at fair value on a nonrecurring basis </b></font></p> <p style="FONT-FAMILY: times"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company's non-financial assets, such as goodwill, intangible assets and property and equipment, as well as equity and cost method investments, are measured at fair value only when an impairment charge is recognized. Such impairment charges incorporate fair value measurements predominantly based on Level&nbsp;3 inputs. See Note&nbsp;6 for a description of an impairment charge recorded in the first quarter of 2010 related to an equity method investment.</font></p></td></tr></table> <table style="font-size:10pt; font-family:'Times New Roman',times,serif;"> <tr> <td> <p style="FONT-FAMILY: times"><font size="2"><b>NOTE 8&#151;FINANCIAL INSTRUMENTS</b></font></p> <p style="FONT-FAMILY: times"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The fair values of the financial instruments listed below have been determined by the Company using available market information and appropriate valuation methodologies.</font></p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 80%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 10%; PADDING-TOP: 0pt"> <p style="FONT-FAMILY: times"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="HEIGHT: 0px"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times" align="left"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="51"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="51"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="51"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="51"></td> <td style="FONT-FAMILY: times" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" align="left"><font size="2">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="5" align="center"><font size="1"><b>March&nbsp;31, 2011 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="5" align="center"><font size="1"><b>December&nbsp;31, 2010 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" align="left"><font size="1">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>Carrying<br /> Value </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>Fair<br /> Value </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>Carrying<br /> Value </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>Fair<br /> Value </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" align="left"><font size="1">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="FONT-FAMILY: times" colspan="11" align="center"><font size="1"><b>(In thousands)</b></font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Cash and cash equivalents</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">848,595</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">848,595</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">742,099</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">742,099</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Marketable securities</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">468,890</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">468,890</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">563,997</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">563,997</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Auction rate securities</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">9,050</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">9,050</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">13,100</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">13,100</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Notes receivable</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">3,289</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">2,728</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">3,316</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">2,818</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Contingent consideration arrangement</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(40,000</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(40,000</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Long-term debt</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(95,844</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(85,036</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(95,844</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(83,363</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Guarantee of equity method investee debt</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(4,000</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(4,000</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Letters of credit and surety bond</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">N/A</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(346</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">N/A</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(362</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <p style="FONT-FAMILY: times"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The carrying value of cash equivalents approximates fair value due to their short-term maturity. The fair value of notes receivable is based on discounting the expected future cash flow streams using yields of the underlying credit. The fair value of long-term debt is estimated using quoted market prices or indices for similar liabilities and taking into consideration other factors such as credit quality and maturity. The fair value of the letters of credit and surety bond are based on the present value of the costs associated with maintaining these instruments over their expected term. See Note&nbsp;5 for discussion of the fair value of marketable securities, Note&nbsp;7 for discussion of the fair value of the auction rate securities and Note&nbsp;4 for discussion of the fair value of the contingent consideration arrangement. </font></p> <p style="FONT-FAMILY: times"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In connection with the formation of The Newsweek Daily Beast Company joint venture on January&nbsp;31, 2011, the Company guaranteed, on a recourse basis, 50% of The Newsweek Daily Beast Company's $10.0&nbsp;million line of credit. At March&nbsp;31, 2011, $8.0&nbsp;million had been drawn on this line of credit. The carrying value of the Company's investment in this joint venture is $(5.1)&nbsp;million, which includes the Company's proportionate share of the guarantee. The carrying value of the investment is included in "Accrued expenses and other current liabilities" in the accompanying consolidated balance sheet at March&nbsp;31, 2011. </font></p> <p style="FONT-FAMILY: times"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At March&nbsp;31, 2011 and December&nbsp;31, 2010, the carrying values of the Company's investments accounted for under the cost method totaled $39.2&nbsp;million and $39.0&nbsp;million, respectively, and are included in "Long-term investments" in the accompanying consolidated balance sheet. The Company evaluates each cost method investment for impairment on a quarterly basis and recognizes an impairment loss if a decline in value is determined to be other-than-temporary. Such impairment evaluations include, but are not limited to: the current business environment, including competition; going concern considerations such as financial condition, the rate at which the investee company utilizes cash and the investee company's ability to obtain additional financing to achieve its business plan; the need for changes to the investee company's existing business model due to changing business environments and its ability to successfully implement necessary changes; and comparable valuations. If the Company has not identified events or changes in circumstances that may have a significant adverse effect on the fair value of a cost method investment, then the fair value of such cost method investment is not estimated, as it is impracticable to do so.</font></p></td></tr></table> <table style="font-size:10pt; font-family:'Times New Roman',times,serif;"> <tr> <td> <p style="FONT-FAMILY: times"><font size="2"><b>NOTE 9&#151;EARNINGS (LOSS) PER SHARE</b></font></p> <p style="FONT-FAMILY: times"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following table sets forth the computation of basic and diluted earnings (loss) per share attributable to IAC shareholders. </font></p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 80%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 10%; PADDING-TOP: 0pt"> <p style="FONT-FAMILY: times"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="HEIGHT: 0px"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times" align="left"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="45"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="45"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="51"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="51"></td> <td style="FONT-FAMILY: times" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" align="left"><font size="2">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="11" align="center"><font size="1"><b>Three&nbsp;Months&nbsp;Ended&nbsp;March&nbsp;31,</b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" align="left"><font size="1">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="5" align="center"><font size="1"><b>2011 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="5" align="center"><font size="1"><b>2010 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" align="left"><font size="1">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>Basic </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>Diluted </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>Basic </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>Diluted </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" align="left"><font size="1">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="FONT-FAMILY: times" colspan="11" align="center"><font size="1"><b>(In&nbsp;thousands,&nbsp;except&nbsp;per&nbsp;share&nbsp;data)</b></font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2"><b>Numerator:</b></font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Earnings (loss) from continuing operations</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">20,168</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">20,168</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">(14,597</font></td> <td style="FONT-FAMILY: times"><font size="2">)</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">(14,597</font></td> <td style="FONT-FAMILY: times"><font size="2">)</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Net (earnings) loss attributable to noncontrolling interests</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">(150</font></td> <td style="FONT-FAMILY: times"><font size="2">)</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">(150</font></td> <td style="FONT-FAMILY: times"><font size="2">)</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">619</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">619</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Earnings (loss) from continuing operations attributable to IAC shareholders</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">20,018</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">20,018</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">(13,978</font></td> <td style="FONT-FAMILY: times"><font size="2">)</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">(13,978</font></td> <td style="FONT-FAMILY: times"><font size="2">)</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Loss from discontinued operations, net of tax</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">(1,948</font></td> <td style="FONT-FAMILY: times"><font size="2">)</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">(1,948</font></td> <td style="FONT-FAMILY: times"><font size="2">)</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">(4,727</font></td> <td style="FONT-FAMILY: times"><font size="2">)</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">(4,727</font></td> <td style="FONT-FAMILY: times"><font size="2">)</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Net earnings (loss) attributable to IAC shareholders</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">18,070</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">18,070</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">(18,705</font></td> <td style="FONT-FAMILY: times"><font size="2">)</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">(18,705</font></td> <td style="FONT-FAMILY: times"><font size="2">)</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2"><b>Denominator:</b></font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Weighted average basic shares outstanding</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">89,081</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">89,081</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">116,446</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">116,446</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Dilutive securities including stock options, warrants, RSUs and PSUs(a)(b)</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">4,595</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Denominator for earnings per share&#151;weighted average shares(a)(b)</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">89,081</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">93,676</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">116,446</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">116,446</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2"><b>Earnings (loss) per share attributable to IAC shareholders:</b></font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Earnings (loss) per share from continuing operations</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">0.22</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">0.21</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">(0.12</font></td> <td style="FONT-FAMILY: times"><font size="2">)</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">(0.12</font></td> <td style="FONT-FAMILY: times"><font size="2">)</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Discontinued operations, net of tax</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">(0.02</font></td> <td style="FONT-FAMILY: times"><font size="2">)</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">(0.02</font></td> <td style="FONT-FAMILY: times"><font size="2">)</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">(0.04</font></td> <td style="FONT-FAMILY: times"><font size="2">)</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">(0.04</font></td> <td style="FONT-FAMILY: times"><font size="2">)</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Earnings (loss) per share</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">0.20</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">0.19</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">(0.16</font></td> <td style="FONT-FAMILY: times"><font size="2">)</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">(0.16</font></td> <td style="FONT-FAMILY: times"><font size="2">)</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <div style="POSITION: relative; TEXT-ALIGN: left; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; PADDING-RIGHT: 0pt; MARGIN-LEFT: 10%; PADDING-TOP: 0pt"><!-- COMMAND=ADD_LINERULETXT,NOSHADE COLOR="#000000" SIZE="1.0PT" WIDTH="26%" ALIGN="LEFT" --> <hr style="COLOR: #000000" align="left" size="1" width="26%" noshade="noshade" /> <dl compact="compact"> <dt style="FONT-FAMILY: times; MARGIN-BOTTOM: -11pt"><font size="2">(a)</font></dt> <dd style="FONT-FAMILY: times"><font size="2">If the effect is dilutive, weighted average common shares outstanding include the incremental shares that would be issued upon the assumed exercise of stock options and warrants and vesting of restricted stock units ("RSUs") and performance stock units ("PSUs"). For the three months ended March&nbsp;31, 2011, approximately 12.4&nbsp;million shares related to potentially dilutive securities are excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive. <br /> <br /></font></dd> <dt style="FONT-FAMILY: times; MARGIN-BOTTOM: -11pt"><font size="2">(b)</font></dt> <dd style="FONT-FAMILY: times"><font size="2">For the three months ended March&nbsp;31, 2010, the Company had a loss from continuing operations and as a result, no potentially dilutive securities were included in the denominator for computing dilutive earnings per share because the impact would have been anti-dilutive. Accordingly, the weighted average basic shares outstanding were used to compute all earnings per share amounts. For the three months ended March&nbsp;31, 2010, approximately 39.0&nbsp;million shares related to potentially dilutive securities were excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive.</font></dd></dl></div></td></tr></table> <table style="font-size:10pt; font-family:'Times New Roman',times,serif;"> <tr> <td> <p style="FONT-FAMILY: times"><font size="2"><b>NOTE 10&#151;SEGMENT INFORMATION</b></font></p> <p style="FONT-FAMILY: times"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The overall concept that IAC employs in determining its operating segments is to present the financial information in a manner consistent with how the chief operating decision maker and executive management view the businesses, how the businesses are organized as to segment management, and the focus of the businesses with regards to the types of services or products offered or the target market. Entities included in discontinued operations are excluded from the tables below. Operating segments are combined for reporting purposes if they meet certain aggregation criteria, which principally relate to the similarity of their economic characteristics or, in the case of Media&nbsp;&amp; Other, do not meet the quantitative thresholds that require presentation as separate operating segments. </font></p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 60%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 20%; PADDING-TOP: 0pt"> <p style="FONT-FAMILY: times"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="HEIGHT: 0px"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times" width="10" align="left"></td> <td style="FONT-FAMILY: times" align="left"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="51"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="51"></td> <td style="FONT-FAMILY: times" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" colspan="2" align="left"><font size="2">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="5" align="center"><font size="1"><b>Three Months Ended<br /> March&nbsp;31,</b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" colspan="2" align="left"><font size="1">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>2011 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>2010 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" colspan="2" align="left"><font size="1">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="FONT-FAMILY: times" colspan="5" align="center"><font size="1"><b>(In&nbsp;thousands)</b></font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2"><b>Revenue:</b></font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Search</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">248,604</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">198,961</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Match</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">111,597</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">89,275</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">ServiceMagic</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">46,293</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">42,212</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Media&nbsp;&amp; Other</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">54,280</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">48,115</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Inter-segment elimination</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(561</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(385</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2"><b>Total</b></font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">460,213</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">378,178</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <p style="FONT-FAMILY: times"><font size="2">&nbsp;<br /></font></p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 60%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 20%; PADDING-TOP: 0pt"> <p style="FONT-FAMILY: times"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="HEIGHT: 0px"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times" width="10" align="left"></td> <td style="FONT-FAMILY: times" align="left"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="50"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="50"></td> <td style="FONT-FAMILY: times" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" colspan="2" align="left"><font size="2">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="5" align="center"><font size="1"><b>Three Months Ended<br /> March&nbsp;31,</b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" colspan="2" align="left"><font size="1">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>2011 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>2010 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" colspan="2" align="left"><font size="1">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="FONT-FAMILY: times" colspan="5" align="center"><font size="1"><b>(In&nbsp;thousands)</b></font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2"><b>Operating Income (Loss):</b></font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Search</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">49,088</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">31,057</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Match</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">23,429</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">13,702</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">ServiceMagic</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">3,808</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">2,396</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Media&nbsp;&amp; Other</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(3,724</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(3,812</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Corporate</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(35,265</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(34,418</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2"><b>Total</b></font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">37,336</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">8,925</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <p style="FONT-FAMILY: times"><font size="2">&nbsp;<br /></font></p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 60%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 20%; PADDING-TOP: 0pt"> <p style="FONT-FAMILY: times"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="HEIGHT: 0px"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times" width="10" align="left"></td> <td style="FONT-FAMILY: times" align="left"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="50"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="50"></td> <td style="FONT-FAMILY: times" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" colspan="2" align="left"><font size="2">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="5" align="center"><font size="1"><b>Three Months Ended<br /> March&nbsp;31,</b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" colspan="2" align="left"><font size="1">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>2011 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>2010 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" colspan="2" align="left"><font size="1">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="FONT-FAMILY: times" colspan="5" align="center"><font size="1"><b>(In&nbsp;thousands)</b></font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2"><b>Operating Income Before Amortization:</b></font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Search</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">49,386</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">31,541</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Match</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">24,988</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">14,806</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">ServiceMagic</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">4,177</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">2,859</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Media&nbsp;&amp; Other</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(3,366</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(2,396</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Corporate</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(15,231</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(13,166</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2"><b>Total</b></font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">59,954</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">33,644</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <p style="FONT-FAMILY: times"><font size="2">&nbsp;<br /></font></p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 60%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 20%; PADDING-TOP: 0pt"> <p style="FONT-FAMILY: times"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="HEIGHT: 0px"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times" width="10" align="left"></td> <td style="FONT-FAMILY: times" align="left"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="45"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="45"></td> <td style="FONT-FAMILY: times" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" colspan="2" align="left"><font size="2">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="5" align="center"><font size="1"><b>Three Months Ended<br /> March&nbsp;31,</b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" colspan="2" align="left"><font size="1">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>2011 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>2010 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" colspan="2" align="left"><font size="1">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="FONT-FAMILY: times" colspan="5" align="center"><font size="1"><b>(In&nbsp;thousands)</b></font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2"><b>Depreciation:</b></font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Search</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">6,981</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">9,063</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Match</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">2,300</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">3,028</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">ServiceMagic</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">1,070</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">918</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Media&nbsp;&amp; Other</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">809</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">540</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Corporate</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">2,279</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">2,244</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2"><b>Total</b></font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">13,439</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">15,793</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <p style="FONT-FAMILY: times"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Revenue by geography is based on where the customer is located. Geographic information about the United States and international territories is presented below: </font></p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 60%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 20%; PADDING-TOP: 0pt"> <p style="FONT-FAMILY: times"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="HEIGHT: 0px"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times" width="10" align="left"></td> <td style="FONT-FAMILY: times" align="left"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="51"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="64"></td> <td style="FONT-FAMILY: times" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" colspan="2" align="left"><font size="2">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="5" align="center"><font size="1"><b>Three Months Ended<br /> March&nbsp;31,</b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" colspan="2" align="left"><font size="1">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>2011 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>2010 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" colspan="2" align="left"><font size="1">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="FONT-FAMILY: times" colspan="5" align="center"><font size="1"><b>(In&nbsp;thousands)</b></font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2"><b>Revenue:</b></font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">United States</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">372,662</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">314,442</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">All other countries</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">87,551</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">63,736</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2"><b>Total</b></font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">460,213</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">378,178</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <p style="FONT-FAMILY: times"><font size="2">&nbsp;<br /></font></p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 60%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 20%; PADDING-TOP: 0pt"> <p style="FONT-FAMILY: times"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="HEIGHT: 0px"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times" width="10" align="left"></td> <td style="FONT-FAMILY: times" align="left"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="51"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="64"></td> <td style="FONT-FAMILY: times" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" colspan="2" align="left"><font size="2">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>March&nbsp;31,<br /> 2011 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>December&nbsp;31,<br /> 2010 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" colspan="2" align="left"><font size="1">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="FONT-FAMILY: times" colspan="5" align="center"><font size="1"><b>(In&nbsp;thousands)</b></font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2"><b>Long-lived assets (excluding goodwill and intangible assets):</b></font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">United States</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">261,643</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">267,060</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">All other countries</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">926</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">868</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2"><b>Total</b></font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">262,569</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">267,928</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <p style="FONT-FAMILY: times"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company's primary metric is Operating Income Before Amortization, which is defined as operating income excluding, if applicable: (1)&nbsp;non-cash compensation expense, (2)&nbsp;amortization and impairment of intangibles, (3)&nbsp;goodwill impairment, (4)&nbsp;pro forma adjustments for significant acquisitions, and (5)&nbsp;one-time items. The Company believes this measure is useful to investors because it represents the operating results from IAC's segments, taking into account depreciation, which it believes is an ongoing cost of doing business, but excluding the effects of any other non-cash expenses. Operating Income Before Amortization has certain limitations in that it does not take into account the impact to IAC's statement of operations of certain expenses, including non-cash compensation and acquisition-related accounting. IAC endeavors to compensate for the limitations of the non-U.S.&nbsp;GAAP measure presented by providing the comparable U.S.&nbsp;GAAP measure with equal or greater prominence, financial statements prepared in accordance with U.S.&nbsp;GAAP and descriptions of the reconciling items, including quantifying such items, to derive the non-U.S.&nbsp;GAAP measure. </font></p> <p style="FONT-FAMILY: times"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following tables reconcile Operating Income Before Amortization to operating income (loss) for the Company's reporting segments and to net earnings (loss) attributable to IAC shareholders in total (in thousands): </font></p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 80%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 10%; PADDING-TOP: 0pt"> <p style="FONT-FAMILY: times"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="HEIGHT: 0px"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times" width="10" align="left"></td> <td style="FONT-FAMILY: times" align="left"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="68"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="67"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="65"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="50"></td> <td style="FONT-FAMILY: times" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" colspan="2" align="left"><font size="2">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="11" align="center"><font size="1"><b>Three&nbsp;Months&nbsp;Ended&nbsp;March&nbsp;31,&nbsp;2011</b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" colspan="2" align="left"><font size="1">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>Operating<br /> Income&nbsp;Before<br /> Amortization</b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>Non-Cash<br /> Compensation<br /> Expense</b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>Amortization<br /> of&nbsp;Intangibles</b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>Operating<br /> Income<br /> (Loss) </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Search</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">49,386</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(298</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">49,088</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Match</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">24,988</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(1,559</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">23,429</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">ServiceMagic</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">4,177</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(369</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">3,808</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Media&nbsp;&amp; Other</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(3,366</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(127</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(231</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(3,724</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Corporate</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(15,231</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(20,034</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(35,265</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Total</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">59,954</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(20,161</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(2,457</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">37,336</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom" colspan="11"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Equity in losses of unconsolidated affiliates</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(1,879</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom" colspan="11"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Other income, net</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">752</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom" colspan="11"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Earnings from continuing operations before income taxes</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">36,209</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom" colspan="11"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Income tax provision</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(16,041</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom" colspan="11"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Earnings from continuing operations</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">20,168</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom" colspan="11"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Loss from discontinued operations, net of tax</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(1,948</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom" colspan="11"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Net earnings</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">18,220</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom" colspan="11"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Net earnings attributable to noncontrolling interests</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(150</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom" colspan="11"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Net earnings attributable to IAC shareholders</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">18,070</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <p style="FONT-FAMILY: times"><font size="2">&nbsp;<br /></font></p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 80%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 10%; PADDING-TOP: 0pt"> <p style="FONT-FAMILY: times"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="HEIGHT: 0px"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times" width="10" align="left"></td> <td style="FONT-FAMILY: times" align="left"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="68"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="67"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="65"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="50"></td> <td style="FONT-FAMILY: times" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" colspan="2" align="left"><font size="2">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="11" align="center"><font size="1"><b>Three&nbsp;Months&nbsp;Ended&nbsp;March&nbsp;31,&nbsp;2010</b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" colspan="2" align="left"><font size="1">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>Operating<br /> Income&nbsp;Before<br /> Amortization</b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>Non-Cash<br /> Compensation<br /> Expense</b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>Amortization<br /> of&nbsp;Intangibles</b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>Operating<br /> Income<br /> (Loss) </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Search</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">31,541</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(147</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(337</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">31,057</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Match</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">14,806</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(26</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(1,078</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">13,702</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">ServiceMagic</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">2,859</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(463</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">2,396</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Media&nbsp;&amp; Other</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(2,396</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(120</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(1,296</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(3,812</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Corporate</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(13,166</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(21,252</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(34,418</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Total</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">33,644</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(21,545</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(3,174</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">8,925</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom" colspan="11"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Equity in losses of unconsolidated affiliates</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(22,613</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom" colspan="11"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Other income, net</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">5,236</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom" colspan="11"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Loss from continuing operations before income taxes</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(8,452</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom" colspan="11"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Income tax provision</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(6,145</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom" colspan="11"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Loss from continuing operations</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(14,597</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom" colspan="11"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Loss from discontinued operations, net of tax</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(4,727</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom" colspan="11"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Net loss</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(19,324</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom" colspan="11"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Net loss attributable to noncontrolling interests</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">619</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom" colspan="11"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Net loss attributable to IAC shareholders</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(18,705</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div></td></tr></table> <table style="font-size:10pt; font-family:'Times New Roman',times,serif;"> <tr> <td> <p style="FONT-FAMILY: times"><font size="2"><b>NOTE 11&#151;CONTINGENCIES</b></font></p> <p style="FONT-FAMILY: times"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In the ordinary course of business, the Company is a party to various lawsuits. The Company establishes reserves for specific legal matters when it determines that the likelihood of an unfavorable outcome is probable and the loss is reasonably estimable. Management has also identified certain other legal matters where we believe an unfavorable outcome is not probable and, therefore, no reserve is established. Although management currently believes that resolving claims against us, including claims where an unfavorable outcome is reasonably possible, will not have a material impact on the liquidity, results of operations, or financial condition of the Company, these matters are subject to inherent uncertainties and management's view of these matters may change in the future. The Company also evaluates other contingent matters, including tax contingencies, to assess the probability and estimated extent of potential loss. It is possible that an unfavorable outcome of one or more of these lawsuits or other contingencies could have a material impact on the liquidity, results of operations, or financial condition of the Company. See Note&nbsp;3 for additional information related to income tax contingencies.</font></p></td></tr></table> <table style="font-size:10pt; font-family:'Times New Roman',times,serif;"> <tr> <td> <p style="FONT-FAMILY: times"><font size="2"><b>NOTE 12&#151;SUPPLEMENTAL CASH FLOW INFORMATION </b></font></p> <p style="FONT-FAMILY: times"><font size="2"><b>Non-Cash Transactions for the Three Months Ended March&nbsp;31, 2011 </b></font></p> <p style="FONT-FAMILY: times"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On February&nbsp;8, 2011, in connection with the tax-free exchange with Liberty Media Corporation in the fourth quarter of 2010, the Company received 0.1&nbsp;million shares of IAC common stock, valued at $2.9&nbsp;million, in fulfillment of post-closing working capital adjustments. </font></p> <p style="FONT-FAMILY: times"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On January&nbsp;31, 2011, IAC contributed The Daily Beast, previously reported in IAC's Media&nbsp;&amp; Other segment, to a newly formed venture with Harman Newsweek called The Newsweek Daily Beast Company. 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3/31/2011 USD ($) USD ($) / shares $D2011Q1http://www.sec.gov/CIK0000891103duration2011-01-01T00:00:002011-03-31T00:00:00USDStandardhttp://www.xbrl.org/2003/iso4217USDiso42170USDPerShareDividehttp://www.xbrl.org/2003/iso4217USDiso4217http://www.xbrl.org/2003/instancesharesxbrli0USDUSD$2true0iaci_FairValueMeasurementsDisclosureAbstractiacifalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsefalsefalseOtherxbrli:stringItemTypestringNo definition available.falsefalse3false0us-gaap_FairValueMeasurementInputsDisclosureTextBlockus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1falsefalsefalse00<table style="font-size:10pt; font-family:'Times New Roman',times,serif;"> <tr> <td> <p style="FONT-FAMILY: times"><font size="2"><b>NOTE 7&#151;FAIR VALUE MEASUREMENTS</b></font></p> <p style="FONT-FAMILY: times"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company categorizes its assets and liabilities measured at fair value into a fair value hierarchy that prioritizes the inputs used in pricing the asset or liability. The three levels of the fair value hierarchy are: </font></p> <ul> <li style="list-style: none"> <dl compact="compact"> <dt style="FONT-FAMILY: times; MARGIN-BOTTOM: -11pt"><font size="2">&#149;</font></dt> <dd style="FONT-FAMILY: times"><font size="2">Level&nbsp;1: Observable inputs obtained from independent sources, such as quoted prices for identical assets and liabilities in active markets. </font><font size="2"><br /> <br /></font></dd> <dt style="FONT-FAMILY: times; MARGIN-BOTTOM: -11pt"><font size="2">&#149;</font></dt> <dd style="FONT-FAMILY: times"><font size="2">Level&nbsp;2: Other inputs that are observable directly or indirectly, such as quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active and inputs that are derived principally from or corroborated by observable market data. The fair value of the Company's level&nbsp;2 financial assets is primarily obtained from observable market prices for identical underlying securities that may not be actively traded. Certain of these securities may have different market prices from multiple market data sources, in which case a weighted average market price is used. </font><font size="2"><br /> <br /></font></dd> <dt style="FONT-FAMILY: times; MARGIN-BOTTOM: -11pt"><font size="2">&#149;</font></dt> <dd style="FONT-FAMILY: times"><font size="2">Level&nbsp;3: Unobservable inputs for which there is little or no market data and require the Company to develop its own assumptions, based on the best information available in the circumstances, about the assumptions market participants would use in pricing the asset or liability. 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FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">U.S. Treasury securities</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">124,962</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">124,962</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Equity security</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">14,807</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">14,807</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Long-term investments:</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Auction rate security</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">9,050</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">9,050</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Total</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">526,247</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">643,859</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">9,050</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">1,179,156</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2"><b>Liabilities:</b></font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Contingent consideration arrangement</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">40,000</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">40,000</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Total</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">40,000</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">40,000</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <p style="FONT-FAMILY: times"><font size="2">&nbsp;<br /></font></p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 80%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 10%; PADDING-TOP: 0pt"> <p style="FONT-FAMILY: times"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="HEIGHT: 0px"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times" width="10" align="left"></td> <td style="FONT-FAMILY: times" align="left"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="74"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="53"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="64"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="69"></td> <td style="FONT-FAMILY: times" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" colspan="2" align="left"><font size="2">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="11" align="center"><font size="1"><b>December&nbsp;31, 2010 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" colspan="2" align="left"><font size="1">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>Quoted Market<br /> Prices in Active<br /> Markets for<br /> Identical Assets<br /> (Level&nbsp;1) </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>Significant<br /> Other<br /> Observable<br /> Inputs<br /> (Level&nbsp;2)</b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>Significant<br /> Unobservable<br /> Inputs<br /> (Level&nbsp;3)</b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>Total<br /> Fair Value<br /> Measurements</b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" colspan="2" align="left"><font size="1">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="FONT-FAMILY: times" colspan="11" align="center"><font size="1"><b>(In thousands)</b></font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2"><b>Assets:</b></font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Cash equivalents:</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Treasury and government agency money market funds</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">275,108</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">275,108</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Commercial paper</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">309,183</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">309,183</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Time deposits</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">26,050</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">26,050</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Marketable securities:</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Corporate debt securities</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">238,163</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">238,163</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">States of the U.S. and state political subdivisions</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">110,621</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">110,621</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">U.S. Treasury securities</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">199,899</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">199,899</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Equity security</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">15,314</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">15,314</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Long-term investments:</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Auction rate securities</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">13,100</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">13,100</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Total</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">490,321</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">684,017</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">13,100</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">1,187,438</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <p style="FONT-FAMILY: times"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following table presents the changes in the Company's assets and liabilities that are measured at fair value on a recurring basis using significant unobservable inputs (Level&nbsp;3): </font></p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 60%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 20%; PADDING-TOP: 0pt"> <p style="FONT-FAMILY: times"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="HEIGHT: 0px"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times" width="10" align="left"></td> <td style="FONT-FAMILY: times" align="left"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="61"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="67"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="61"></td> <td style="FONT-FAMILY: times" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" colspan="2" align="left"><font size="2">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="8" align="center"><font size="1"><b>Three Months Ended March&nbsp;31, </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" colspan="2" align="left"><font size="1">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="5" align="center"><font size="1"><b>2011 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>2010 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" colspan="2" align="left"><font size="1">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>Auction Rate<br /> Securities </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>Contingent<br /> Consideration<br /> Arrangement</b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>Auction Rate<br /> Securities </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" colspan="2" align="left"><font size="1">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="FONT-FAMILY: times" colspan="8" align="center"><font size="1"><b>(In thousands)</b></font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Balance at January&nbsp;1</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">13,100</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">12,635</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Total net gains (realized and unrealized):</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Included in other comprehensive income</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">950</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">785</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Fair value at date of acquisition</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">40,000</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Settlements</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(5,000</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Balance at March&nbsp;31</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">9,050</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">40,000</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">13,420</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <p style="FONT-FAMILY: times"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;There are no gains or losses included in earnings for the three months ended March&nbsp;31, 2011 and 2010, relating to the Company's assets and liabilities that are measured at fair value on a recurring basis using significant unobservable inputs. </font></p> <p style="FONT-FAMILY: times"><font size="2"><b>Auction rate securities</b></font></p> <p style="FONT-FAMILY: times"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Historically, the Company's auction rate securities ("ARS") had determinable market values arising from the auction process. However, these auctions began to fail in the third quarter of 2007. As a result of these failed auctions, the ARS no longer have readily determinable market values and are instead valued by discounting the estimated future cash flow streams of the securities over the lives of the securities. Credit spreads and other risk factors are also considered in establishing a fair value. During the first quarter of 2011, one of the ARS was redeemed at its par value of $5.0&nbsp;million. The cost basis of ARS is $10.0&nbsp;million and $15.0&nbsp;million at March&nbsp;31, 2011 and December&nbsp;31, 2010, respectively, with gross unrealized losses of $1.0&nbsp;million and $1.9&nbsp;million at March&nbsp;31, 2011 and December&nbsp;31, 2010, respectively. At March&nbsp;31, 2011, the remaining auction rate security is rated A/WR. Due to its high credit rating and because the Company does not intend to sell this security and it is not more likely than not that the Company will be required to sell this security before recovery of its amortized cost basis, which may be maturity, the Company does not consider the auction rate security to be other-than-temporarily impaired at March&nbsp;31, 2011. The unrealized losses are included in "Accumulated other comprehensive income" in the accompanying consolidated balance sheet. The remaining auction rate security matures in 2035. </font></p> <p style="FONT-FAMILY: times"><font size="2"><b>Contingent consideration arrangement </b></font></p> <p style="FONT-FAMILY: times"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;See Note&nbsp;4 for information regarding the contingent consideration arrangement. </font></p> <p style="FONT-FAMILY: times"><font size="2"><b>Assets measured at fair value on a nonrecurring basis </b></font></p> <p style="FONT-FAMILY: times"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company's non-financial assets, such as goodwill, intangible assets and property and equipment, as well as equity and cost method investments, are measured at fair value only when an impairment charge is recognized. Such impairment charges incorporate fair value measurements predominantly based on Level&nbsp;3 inputs. See Note&nbsp;6 for a description of an impairment charge recorded in the first quarter of 2010 related to an equity method investment.</font></p></td></tr></table> NOTE 7&#151;FAIR VALUE MEASUREMENTS &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company categorizes its assets and liabilities measured at fair valuefalsefalsefalsefalsefalseOtherus-types:textBlockItemTypestringThis element represents the disclosure related to the fair value measurement of assets and liabilities which includes [financial] instruments measured at fair value that are classified in stockholders' equity. Such assets and liabilities may be measured on a recurring or nonrecurring basis. The disclosures which may be required or desired include: (1) for assets and liabilities measured on a recurring basis, disclosure may include: (a) the fair value measurements at the reporting date; (b) the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets or liabilities (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3); (c) for fair value measurements using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (i) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (ii) purchases, sales, issuances, and settlements (net); (iii) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs); (d) the amount of the total gains or losses for the period in subparagraph (c) (i) above included in earnings (or changes in net assets) that are attributable to the change in unrealized gains or losses relating to those assets and liabilities still held at the reporting date and a description of where those unrealized gains or losses are reported in the statement of income (or activities); (e) the valuation technique(s) used to measure fair value and a discussion of changes in valuation techniques, if any, during the period and (2) for assets and liabilities that are measured at fair value on a nonrecurring basis (for example, impaired assets) disclosure may include, in addition to (a) above: (a) the reasons for the fair value measurements recorded; (b) the same as (b) above; (c) for fair value measurements using significant unobservable inputs (Level 3), a description of the inputs and the information used to develop the inputs; and (d) the valuation technique(s) used to measure fair value and a discussion of changes, if any, in the valuation technique(s) used to measure similar assets and/or liabilities in prior periods.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 157 -Paragraph 32 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 157 -Paragraph 33 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 157 -Paragraph 6 -Footnote 4 falsefalse12FAIR VALUE MEASUREMENTSUnKnownUnKnownUnKnownUnKnownfalsetrue XML 16 R10.xml IDEA: EQUITY METHOD INVESTMENTS IN UNCONSOLIDATED AFFILIATES 2.2.0.25falsefalse1060 - Disclosure - EQUITY METHOD INVESTMENTS IN UNCONSOLIDATED AFFILIATEStruefalsefalse1falsefalseUSDfalsefalse1/1/2011 - 3/31/2011 USD ($) USD ($) / shares $D2011Q1http://www.sec.gov/CIK0000891103duration2011-01-01T00:00:002011-03-31T00:00:00USDStandardhttp://www.xbrl.org/2003/iso4217USDiso42170USDPerShareDividehttp://www.xbrl.org/2003/iso4217USDiso4217http://www.xbrl.org/2003/instancesharesxbrli0USDUSD$2true0iaci_EquityInvestmentsInUnconsolidatedAffiliatesDisclosureAbstractiacifalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsefalsefalseOtherxbrli:stringItemTypestringNo definition available.falsefalse3false0us-gaap_EquityMethodInvestmentsDisclosureTextBlockus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1falsefalsefalse00<table style="font-size:10pt; font-family:'Times New Roman',times,serif;"> <tr> <td> <p style="FONT-FAMILY: times"><font size="2"><b>NOTE 6&#151;EQUITY METHOD INVESTMENTS IN UNCONSOLIDATED AFFILIATES </b></font></p> <p style="FONT-FAMILY: times"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At March&nbsp;31, 2011 and December&nbsp;31, 2010, the carrying values of the Company's investments in unconsolidated affiliates accounted for under the equity method totaled $150.9&nbsp;million and $148.6&nbsp;million, respectively, and are included in "Long-term investments" in the accompanying consolidated balance sheet.</font></p> <p style="FONT-FAMILY: times"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;During the first quarter of 2010, the Company recorded an $18.3&nbsp;million impairment charge to write-down its investment in HealthCentral to fair value. The decline in value was determined to be other-than-temporary due to HealthCentral's continued losses and negative operating cash flows, which are due, in part, to macroeconomic and industry specific factors. The valuation of our investment in HealthCentral reflected the Company's assessment of these factors. The Company estimated the fair value of its investment in HealthCentral using a multiple of revenue approach in the context of a different valuation environment than that which prevailed when our initial investment was made. The Company records its share of the results of HealthCentral on a one-quarter lag and, along with the related impairment charge, includes it within "Equity in losses of unconsolidated affiliates" in the accompanying consolidated statement of operations.</font></p></td></tr></table> NOTE 6&#151;EQUITY METHOD INVESTMENTS IN UNCONSOLIDATED AFFILIATES &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At March&nbsp;31, 2011 andfalsefalsefalsefalsefalseOtherus-types:textBlockItemTypestringEquity investment disclosure, or group of investments for which combined disclosure is appropriate, including: (a) the name of each investee and percentage of ownership of common stock, (b) accounting policies for investments in common stock, (c) difference between the amount at which the investment is carried and the amount of underlying equity in net assets and the accounting treatment of the difference, (d) the total fair value of each identified investment for which a market value is available, (e) summarized information as to assets, liabilities, and results of operations of the investees (for investments in unconsolidated subsidiaries, common stock of joint ventures, or other investments using the equity method), and (f) material effects of possible conversions, exercises, or contingent issuances of the investee. Other disclosures include (a) the names of any investee in which the investor owns 20 percent or more of the voting stock and investment is not accounted for using the equity method, and the reasons why not, and (b) the names of any investee in which the investor owns less than 20% of the voting stock and the investment is accounted for using the equity method, and the reasons why it is.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 18 -Paragraph 20 falsefalse12EQUITY METHOD INVESTMENTS IN UNCONSOLIDATED AFFILIATESUnKnownUnKnownUnKnownUnKnownfalsetrue XML 17 R8.xml IDEA: BUSINESS COMBINATION 2.2.0.25falsefalse1040 - Disclosure - BUSINESS COMBINATIONtruefalsefalse1falsefalseUSDfalsefalse1/1/2011 - 3/31/2011 USD ($) USD ($) / shares $D2011Q1http://www.sec.gov/CIK0000891103duration2011-01-01T00:00:002011-03-31T00:00:00USDStandardhttp://www.xbrl.org/2003/iso4217USDiso42170USDPerShareDividehttp://www.xbrl.org/2003/iso4217USDiso4217http://www.xbrl.org/2003/instancesharesxbrli0USDUSD$2true0iaci_BusinessCombinationDisclosureAbstractiacifalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsefalsefalseOtherxbrli:stringItemTypestringNo definition available.falsefalse3false0us-gaap_BusinessCombinationDisclosureTextBlockus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1falsefalsefalse00<table style="font-size:10pt; font-family:'Times New Roman',times,serif;"> <tr> <td> <p style="FONT-FAMILY: times"><font size="2"><b>NOTE 4&#151;BUSINESS COMBINATION</b></font></p> <p style="FONT-FAMILY: times"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On January&nbsp;20, 2011, Match acquired OkCupid for $50.0&nbsp;million in cash, plus potential additional consideration that is contingent upon OkCupid's 2011 earnings performance. The amount of the additional contingent consideration ranges from $0 to $40.0&nbsp;million. The fair value of the contingent consideration arrangement at the acquisition date was $40.0&nbsp;million and is included in "Accrued expenses and other current liabilities" in the accompanying consolidated balance sheet at March&nbsp;31, 2011. The Company estimated the fair value of the contingent consideration using a probability weighted earnings model, which incorporates significant unobservable inputs.</font></p></td></tr></table> NOTE 4&#151;BUSINESS COMBINATION &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On January&nbsp;20, 2011, Match acquired OkCupid for $50.0&nbsp;million infalsefalsefalsefalsefalseOtherus-types:textBlockItemTypestringDescription of a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. 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font-family:'Times New Roman',times,serif;"> <tr> <td> <p style="FONT-FAMILY: times"><font size="2"><b>NOTE 8&#151;FINANCIAL INSTRUMENTS</b></font></p> <p style="FONT-FAMILY: times"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The fair values of the financial instruments listed below have been determined by the Company using available market information and appropriate valuation methodologies.</font></p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 80%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 10%; PADDING-TOP: 0pt"> <p style="FONT-FAMILY: times"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="HEIGHT: 0px"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times" align="left"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="51"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="51"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="51"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="51"></td> <td style="FONT-FAMILY: times" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" align="left"><font size="2">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="5" align="center"><font size="1"><b>March&nbsp;31, 2011 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="5" align="center"><font size="1"><b>December&nbsp;31, 2010 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" align="left"><font size="1">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>Carrying<br /> Value </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>Fair<br /> Value </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>Carrying<br /> Value </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>Fair<br /> Value </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" align="left"><font size="1">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="FONT-FAMILY: times" colspan="11" align="center"><font size="1"><b>(In thousands)</b></font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Cash and cash equivalents</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">848,595</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">848,595</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">742,099</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">742,099</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Marketable securities</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">468,890</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">468,890</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">563,997</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">563,997</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Auction rate securities</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">9,050</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">9,050</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">13,100</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">13,100</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Notes receivable</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">3,289</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">2,728</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">3,316</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">2,818</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Contingent consideration arrangement</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(40,000</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(40,000</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Long-term debt</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(95,844</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(85,036</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(95,844</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(83,363</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Guarantee of equity method investee debt</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(4,000</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(4,000</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Letters of credit and surety bond</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">N/A</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(346</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">N/A</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(362</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <p style="FONT-FAMILY: times"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The carrying value of cash equivalents approximates fair value due to their short-term maturity. The fair value of notes receivable is based on discounting the expected future cash flow streams using yields of the underlying credit. The fair value of long-term debt is estimated using quoted market prices or indices for similar liabilities and taking into consideration other factors such as credit quality and maturity. The fair value of the letters of credit and surety bond are based on the present value of the costs associated with maintaining these instruments over their expected term. See Note&nbsp;5 for discussion of the fair value of marketable securities, Note&nbsp;7 for discussion of the fair value of the auction rate securities and Note&nbsp;4 for discussion of the fair value of the contingent consideration arrangement. </font></p> <p style="FONT-FAMILY: times"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In connection with the formation of The Newsweek Daily Beast Company joint venture on January&nbsp;31, 2011, the Company guaranteed, on a recourse basis, 50% of The Newsweek Daily Beast Company's $10.0&nbsp;million line of credit. At March&nbsp;31, 2011, $8.0&nbsp;million had been drawn on this line of credit. The carrying value of the Company's investment in this joint venture is $(5.1)&nbsp;million, which includes the Company's proportionate share of the guarantee. The carrying value of the investment is included in "Accrued expenses and other current liabilities" in the accompanying consolidated balance sheet at March&nbsp;31, 2011. </font></p> <p style="FONT-FAMILY: times"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At March&nbsp;31, 2011 and December&nbsp;31, 2010, the carrying values of the Company's investments accounted for under the cost method totaled $39.2&nbsp;million and $39.0&nbsp;million, respectively, and are included in "Long-term investments" in the accompanying consolidated balance sheet. The Company evaluates each cost method investment for impairment on a quarterly basis and recognizes an impairment loss if a decline in value is determined to be other-than-temporary. Such impairment evaluations include, but are not limited to: the current business environment, including competition; going concern considerations such as financial condition, the rate at which the investee company utilizes cash and the investee company's ability to obtain additional financing to achieve its business plan; the need for changes to the investee company's existing business model due to changing business environments and its ability to successfully implement necessary changes; and comparable valuations. 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-Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 14 -Section F truefalse43false0natruenanaNo definition available.falsetruefalsefalsefalsefalsefalsefalsefalsefalsehttp://www.iac.com/role/statementofincome1falsefalsefalse00falsefalsefalsefalsefalse2falsefalsefalse00falsefalsefalsefalsefalse9falsefalseUSDtruefalse{iaci_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsAxis} : Product development expense 1/1/2011 - 3/31/2011 USD ($) $D2011Q1_ProductDevelopmentExpenseMemberhttp://www.sec.gov/CIK0000891103duration2011-01-01T00:00:002011-03-31T00:00:00falsefalseProduct development 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http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 123R -Paragraph 64 -Subparagraph b Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 123R -Paragraph A240 -Subparagraph g(1) Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 14 -Section F truefalse238CONSOLIDATED STATEMENT OF OPERATIONS (USD $)ThousandsUnKnownNoRoundingUnKnownfalsetrue XML 21 R14.xml IDEA: SEGMENT INFORMATION 2.2.0.25falsefalse1100 - Disclosure - SEGMENT INFORMATIONtruefalsefalse1falsefalseUSDfalsefalse1/1/2011 - 3/31/2011 USD ($) USD ($) / shares $D2011Q1http://www.sec.gov/CIK0000891103duration2011-01-01T00:00:002011-03-31T00:00:00USDStandardhttp://www.xbrl.org/2003/iso4217USDiso42170USDPerShareDividehttp://www.xbrl.org/2003/iso4217USDiso4217http://www.xbrl.org/2003/instancesharesxbrli0USDUSD$2true0iaci_SegmentInformationDisclosureAbstractiacifalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsefalsefalseOtherxbrli:stringItemTypestringNo definition available.falsefalse3false0us-gaap_SegmentReportingDisclosureTextBlockus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1falsefalsefalse00<table style="font-size:10pt; font-family:'Times New Roman',times,serif;"> <tr> <td> <p style="FONT-FAMILY: times"><font size="2"><b>NOTE 10&#151;SEGMENT INFORMATION</b></font></p> <p style="FONT-FAMILY: times"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The overall concept that IAC employs in determining its operating segments is to present the financial information in a manner consistent with how the chief operating decision maker and executive management view the businesses, how the businesses are organized as to segment management, and the focus of the businesses with regards to the types of services or products offered or the target market. Entities included in discontinued operations are excluded from the tables below. Operating segments are combined for reporting purposes if they meet certain aggregation criteria, which principally relate to the similarity of their economic characteristics or, in the case of Media&nbsp;&amp; Other, do not meet the quantitative thresholds that require presentation as separate operating segments. </font></p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 60%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 20%; PADDING-TOP: 0pt"> <p style="FONT-FAMILY: times"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="HEIGHT: 0px"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times" width="10" align="left"></td> <td style="FONT-FAMILY: times" align="left"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="51"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="51"></td> <td style="FONT-FAMILY: times" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" colspan="2" align="left"><font size="2">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="5" align="center"><font size="1"><b>Three Months Ended<br /> March&nbsp;31,</b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" colspan="2" align="left"><font size="1">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>2011 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>2010 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" colspan="2" align="left"><font size="1">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="FONT-FAMILY: times" colspan="5" align="center"><font size="1"><b>(In&nbsp;thousands)</b></font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2"><b>Revenue:</b></font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Search</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">248,604</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">198,961</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Match</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">111,597</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">89,275</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">ServiceMagic</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">46,293</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">42,212</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Media&nbsp;&amp; Other</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">54,280</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">48,115</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Inter-segment elimination</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(561</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(385</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2"><b>Total</b></font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">460,213</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">378,178</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <p style="FONT-FAMILY: times"><font size="2">&nbsp;<br /></font></p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 60%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 20%; PADDING-TOP: 0pt"> <p style="FONT-FAMILY: times"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="HEIGHT: 0px"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times" width="10" align="left"></td> <td style="FONT-FAMILY: times" align="left"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="50"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="50"></td> <td style="FONT-FAMILY: times" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" colspan="2" align="left"><font size="2">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="5" align="center"><font size="1"><b>Three Months Ended<br /> March&nbsp;31,</b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" colspan="2" align="left"><font size="1">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>2011 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>2010 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" colspan="2" align="left"><font size="1">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="FONT-FAMILY: times" colspan="5" align="center"><font size="1"><b>(In&nbsp;thousands)</b></font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2"><b>Operating Income (Loss):</b></font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Search</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">49,088</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">31,057</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Match</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">23,429</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">13,702</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">ServiceMagic</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">3,808</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">2,396</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Media&nbsp;&amp; Other</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(3,724</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(3,812</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Corporate</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(35,265</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(34,418</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2"><b>Total</b></font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">37,336</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">8,925</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <p style="FONT-FAMILY: times"><font size="2">&nbsp;<br /></font></p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 60%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 20%; PADDING-TOP: 0pt"> <p style="FONT-FAMILY: times"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="HEIGHT: 0px"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times" width="10" align="left"></td> <td style="FONT-FAMILY: times" align="left"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="50"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="50"></td> <td style="FONT-FAMILY: times" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" colspan="2" align="left"><font size="2">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="5" align="center"><font size="1"><b>Three Months Ended<br /> March&nbsp;31,</b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" colspan="2" align="left"><font size="1">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>2011 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>2010 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" colspan="2" align="left"><font size="1">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="FONT-FAMILY: times" colspan="5" align="center"><font size="1"><b>(In&nbsp;thousands)</b></font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2"><b>Operating Income Before Amortization:</b></font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Search</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">49,386</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">31,541</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Match</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">24,988</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">14,806</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">ServiceMagic</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">4,177</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">2,859</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Media&nbsp;&amp; Other</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(3,366</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(2,396</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Corporate</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(15,231</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(13,166</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2"><b>Total</b></font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">59,954</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">33,644</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <p style="FONT-FAMILY: times"><font size="2">&nbsp;<br /></font></p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 60%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 20%; PADDING-TOP: 0pt"> <p style="FONT-FAMILY: times"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="HEIGHT: 0px"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times" width="10" align="left"></td> <td style="FONT-FAMILY: times" align="left"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="45"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="45"></td> <td style="FONT-FAMILY: times" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" colspan="2" align="left"><font size="2">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="5" align="center"><font size="1"><b>Three Months Ended<br /> March&nbsp;31,</b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" colspan="2" align="left"><font size="1">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>2011 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>2010 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" colspan="2" align="left"><font size="1">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="FONT-FAMILY: times" colspan="5" align="center"><font size="1"><b>(In&nbsp;thousands)</b></font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2"><b>Depreciation:</b></font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Search</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">6,981</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">9,063</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Match</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">2,300</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">3,028</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">ServiceMagic</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">1,070</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">918</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Media&nbsp;&amp; Other</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">809</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">540</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Corporate</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">2,279</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">2,244</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2"><b>Total</b></font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">13,439</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">15,793</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <p style="FONT-FAMILY: times"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Revenue by geography is based on where the customer is located. Geographic information about the United States and international territories is presented below: </font></p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 60%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 20%; PADDING-TOP: 0pt"> <p style="FONT-FAMILY: times"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="HEIGHT: 0px"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times" width="10" align="left"></td> <td style="FONT-FAMILY: times" align="left"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="51"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="64"></td> <td style="FONT-FAMILY: times" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" colspan="2" align="left"><font size="2">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="5" align="center"><font size="1"><b>Three Months Ended<br /> March&nbsp;31,</b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" colspan="2" align="left"><font size="1">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>2011 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>2010 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" colspan="2" align="left"><font size="1">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="FONT-FAMILY: times" colspan="5" align="center"><font size="1"><b>(In&nbsp;thousands)</b></font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2"><b>Revenue:</b></font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">United States</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">372,662</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">314,442</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">All other countries</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">87,551</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">63,736</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2"><b>Total</b></font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">460,213</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">378,178</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <p style="FONT-FAMILY: times"><font size="2">&nbsp;<br /></font></p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 60%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 20%; PADDING-TOP: 0pt"> <p style="FONT-FAMILY: times"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="HEIGHT: 0px"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times" width="10" align="left"></td> <td style="FONT-FAMILY: times" align="left"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="51"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="64"></td> <td style="FONT-FAMILY: times" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" colspan="2" align="left"><font size="2">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>March&nbsp;31,<br /> 2011 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>December&nbsp;31,<br /> 2010 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" colspan="2" align="left"><font size="1">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="FONT-FAMILY: times" colspan="5" align="center"><font size="1"><b>(In&nbsp;thousands)</b></font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2"><b>Long-lived assets (excluding goodwill and intangible assets):</b></font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">United States</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">261,643</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">267,060</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">All other countries</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">926</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">868</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2"><b>Total</b></font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">262,569</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">267,928</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <p style="FONT-FAMILY: times"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company's primary metric is Operating Income Before Amortization, which is defined as operating income excluding, if applicable: (1)&nbsp;non-cash compensation expense, (2)&nbsp;amortization and impairment of intangibles, (3)&nbsp;goodwill impairment, (4)&nbsp;pro forma adjustments for significant acquisitions, and (5)&nbsp;one-time items. The Company believes this measure is useful to investors because it represents the operating results from IAC's segments, taking into account depreciation, which it believes is an ongoing cost of doing business, but excluding the effects of any other non-cash expenses. Operating Income Before Amortization has certain limitations in that it does not take into account the impact to IAC's statement of operations of certain expenses, including non-cash compensation and acquisition-related accounting. IAC endeavors to compensate for the limitations of the non-U.S.&nbsp;GAAP measure presented by providing the comparable U.S.&nbsp;GAAP measure with equal or greater prominence, financial statements prepared in accordance with U.S.&nbsp;GAAP and descriptions of the reconciling items, including quantifying such items, to derive the non-U.S.&nbsp;GAAP measure. </font></p> <p style="FONT-FAMILY: times"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following tables reconcile Operating Income Before Amortization to operating income (loss) for the Company's reporting segments and to net earnings (loss) attributable to IAC shareholders in total (in thousands): </font></p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 80%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 10%; PADDING-TOP: 0pt"> <p style="FONT-FAMILY: times"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="HEIGHT: 0px"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times" width="10" align="left"></td> <td style="FONT-FAMILY: times" align="left"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="68"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="67"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="65"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="50"></td> <td style="FONT-FAMILY: times" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" colspan="2" align="left"><font size="2">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="11" align="center"><font size="1"><b>Three&nbsp;Months&nbsp;Ended&nbsp;March&nbsp;31,&nbsp;2011</b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" colspan="2" align="left"><font size="1">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>Operating<br /> Income&nbsp;Before<br /> Amortization</b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>Non-Cash<br /> Compensation<br /> Expense</b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>Amortization<br /> of&nbsp;Intangibles</b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>Operating<br /> Income<br /> (Loss) </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Search</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">49,386</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(298</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">49,088</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Match</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">24,988</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(1,559</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">23,429</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">ServiceMagic</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">4,177</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(369</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">3,808</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Media&nbsp;&amp; Other</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(3,366</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(127</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(231</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(3,724</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Corporate</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(15,231</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(20,034</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(35,265</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Total</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">59,954</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(20,161</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(2,457</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">37,336</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom" colspan="11"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Equity in losses of unconsolidated affiliates</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(1,879</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom" colspan="11"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Other income, net</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">752</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom" colspan="11"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Earnings from continuing operations before income taxes</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">36,209</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom" colspan="11"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Income tax provision</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(16,041</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom" colspan="11"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Earnings from continuing operations</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">20,168</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom" colspan="11"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Loss from discontinued operations, net of tax</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(1,948</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom" colspan="11"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Net earnings</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">18,220</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom" colspan="11"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Net earnings attributable to noncontrolling interests</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(150</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom" colspan="11"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Net earnings attributable to IAC shareholders</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">18,070</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <p style="FONT-FAMILY: times"><font size="2">&nbsp;<br /></font></p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 80%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 10%; PADDING-TOP: 0pt"> <p style="FONT-FAMILY: times"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="HEIGHT: 0px"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times" width="10" align="left"></td> <td style="FONT-FAMILY: times" align="left"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="68"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="67"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="65"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="50"></td> <td style="FONT-FAMILY: times" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" colspan="2" align="left"><font size="2">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="11" align="center"><font size="1"><b>Three&nbsp;Months&nbsp;Ended&nbsp;March&nbsp;31,&nbsp;2010</b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" colspan="2" align="left"><font size="1">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>Operating<br /> Income&nbsp;Before<br /> Amortization</b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>Non-Cash<br /> Compensation<br /> Expense</b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>Amortization<br /> of&nbsp;Intangibles</b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>Operating<br /> Income<br /> (Loss) </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Search</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">31,541</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(147</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(337</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">31,057</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Match</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">14,806</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(26</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(1,078</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">13,702</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">ServiceMagic</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">2,859</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(463</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">2,396</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Media&nbsp;&amp; Other</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(2,396</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(120</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(1,296</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(3,812</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Corporate</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(13,166</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(21,252</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(34,418</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Total</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">33,644</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(21,545</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(3,174</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">8,925</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom" colspan="11"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Equity in losses of unconsolidated affiliates</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(22,613</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom" colspan="11"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Other income, net</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">5,236</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom" colspan="11"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Loss from continuing operations before income taxes</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(8,452</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom" colspan="11"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Income tax provision</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(6,145</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom" colspan="11"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Loss from continuing operations</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(14,597</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom" colspan="11"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Loss from discontinued operations, net of tax</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(4,727</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom" colspan="11"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Net loss</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(19,324</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom" colspan="11"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Net loss attributable to noncontrolling interests</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">619</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom" colspan="11"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Net loss attributable to IAC shareholders</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(18,705</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div></td></tr></table> NOTE 10&#151;SEGMENT INFORMATION &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The overall concept that IAC employs in determining its operating segments isfalsefalsefalsefalsefalseOtherus-types:textBlockItemTypestringThis element may be used to capture the complete disclosure of reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10% or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 131 falsefalse12SEGMENT INFORMATIONUnKnownUnKnownUnKnownUnKnownfalsetrue XML 22 R15.xml IDEA: CONTINGENCIES 2.2.0.25falsefalse1110 - Disclosure - CONTINGENCIEStruefalsefalse1falsefalseUSDfalsefalse1/1/2011 - 3/31/2011 USD ($) USD ($) / shares $D2011Q1http://www.sec.gov/CIK0000891103duration2011-01-01T00:00:002011-03-31T00:00:00USDStandardhttp://www.xbrl.org/2003/iso4217USDiso42170USDPerShareDividehttp://www.xbrl.org/2003/iso4217USDiso4217http://www.xbrl.org/2003/instancesharesxbrli0USDUSD$2true0iaci_ContingenciesDisclosureAbstractiacifalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsefalsefalseOtherxbrli:stringItemTypestringNo definition available.falsefalse3false0iaci_LossContingencyDisclosureTextBlockiacifalsenadurationThis element may be used as a single block of text to encapsulate the entire disclosure including data and tables about loss...falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1falsefalsefalse00<table style="font-size:10pt; font-family:'Times New Roman',times,serif;"> <tr> <td> <p style="FONT-FAMILY: times"><font size="2"><b>NOTE 11&#151;CONTINGENCIES</b></font></p> <p style="FONT-FAMILY: times"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In the ordinary course of business, the Company is a party to various lawsuits. The Company establishes reserves for specific legal matters when it determines that the likelihood of an unfavorable outcome is probable and the loss is reasonably estimable. Management has also identified certain other legal matters where we believe an unfavorable outcome is not probable and, therefore, no reserve is established. Although management currently believes that resolving claims against us, including claims where an unfavorable outcome is reasonably possible, will not have a material impact on the liquidity, results of operations, or financial condition of the Company, these matters are subject to inherent uncertainties and management's view of these matters may change in the future. The Company also evaluates other contingent matters, including tax contingencies, to assess the probability and estimated extent of potential loss. It is possible that an unfavorable outcome of one or more of these lawsuits or other contingencies could have a material impact on the liquidity, results of operations, or financial condition of the Company. See Note&nbsp;3 for additional information related to income tax contingencies.</font></p></td></tr></table> NOTE 11&#151;CONTINGENCIES &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In the ordinary course of business, the Company is a party to various lawsuits. ThefalsefalsefalsefalsefalseOtherus-types:textBlockItemTypestringThis element may be used as a single block of text to encapsulate the entire disclosure including data and tables about loss and gain contingencies. 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Includes the following (net of tax): income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph 13 -Article 7 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 15 -Article 5 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 51 -Paragraph 29 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 144 -Paragraph 43 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 144 -Paragraph 47 -Subparagraph c falsefalse8false0us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterestus-gaaptruecreditdurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalsetotallabel1truefalsefalse2016800020168falsefalsefalsefalsefalse2truefalsefalse-14597000-14597falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryThis element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses and taxes from ongoing operations before extraordinary items, cumulative effects of changes in accounting principles, and noncontrolling interest.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 28 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 51 -Paragraph 29 truefalse9true0us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstractus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1falsefalsefalse00falsefalsefalsefalsefalse2falsefalsefalse00falsefalsefalsefalsefalseOtherxbrli:stringItemTypestringNo definition available.falsefalse10false0us-gaap_Depreciationus-gaaptruedebitdurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1truefalsefalse1343900013439falsefalsefalsefalsefalse2truefalsefalse1579300015793falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryThe amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 28 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 12 -Paragraph 5 falsefalse11false0us-gaap_AmortizationOfIntangibleAssetsus-gaaptruedebitdurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1truefalsefalse24570002457falsefalsefalsefalsefalse2truefalsefalse31740003174falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryThe aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. 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Such amount typically reflects adjustments similar to those made in preparing consolidated statements, including adjustments to eliminate intercompany gains and losses, and to amortize, if appropriate, any difference between cost and underlying equity in net assets of the investee at the date of investment.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 18 -Paragraph 19 -Subparagraph c Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph 11 -Article 7 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 28 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 9 -Article 5 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA 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that do not result in cash inflows or outflows in the period in which they occur, but affect net income and thus are removed when calculating net cash flow from operating activities using the indirect cash flow method. 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Such reporting would necessitate the entity to use the Net Cash Provided by (Used in) Discontinued Operations, Total element provided in the taxonomy.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 26 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 26 -Footnote 10 truefalse33true0us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstractus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1falsefalsefalse00falsefalsefalsefalsefalse2falsefalsefalse00falsefalsefalsefalsefalseOtherxbrli:stringItemTypestringCash generated by or used in financing activities of continuing operations; excludes cash flows from discontinued operations.falsefalse34false0us-gaap_PaymentsForRepurchaseOfCommonStockus-gaaptruecreditdurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsetruenegated1falsefalsefalse00falsefalsefalsefalsefalse2truefalsefalse-246154000-246154falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryThe cash outflow to reacquire common stock during the period.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 18 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 20 -Subparagraph a falsefalse35false0iaci_IssuanceOfCommonStockNetOfWithholdingTaxesiacifalsedebitdurationThe cash inflow from the issuance of common stock offset by the cash outflow related to the withholding tax on stock option...falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1truefalsefalse-1081000-1081falsefalsefalsefalsefalse2truefalsefalse24710002471falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryThe cash inflow from the issuance of common stock offset by the cash outflow related to the withholding tax on stock option exercises and RSU vestings.No authoritative reference available.falsefalse36false0us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivitiesus-gaaptruedebitdurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1truefalsefalse96800009680falsefalsefalsefalsefalse2truefalsefalse48000004800falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryReductions in the entity's income taxes that arise when compensation cost (from non-qualified share-based compensation) recognized on the entity's tax return exceeds compensation cost from share-based compensation recognized in financial statements. This element represents the cash inflow reported in the enterprise's financing activities.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 123R -Paragraph A240 -Subparagraph i Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Emerging Issues Task Force (EITF) -Number 00-15 -Paragraph 3 falsefalse37false0us-gaap_ProceedsFromPaymentsForOtherFinancingActivitiesus-gaaptruedebitdurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1truefalsefalse2000020falsefalsefalsefalsefalse2falsefalsefalse00falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryThe net cash inflow (outflow) from other financing activities. 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It also includes other kinds of accounts that have the general characteristics of demand deposits in that the Entity may deposit additional funds at any time and also effectively may withdraw funds at any time without prior notice or penalty. Cash equivalents, excluding items classified as marketable securities, include short-term, highly liquid investments that are both readily convertible to known amounts of cash, and so near their maturity that they present minimal risk of changes in value because of changes in interest rates. Generally, only investments with original maturities of three months or less qualify under that definition. Original maturity means original maturity to the entity holding the investment. For example, both a three-month US Treasury bill and a three-year Treasury note purchased three months from maturity qualify as cash equivalents. However, a Treasury note purchased three years ago does not become a cash equivalent when its remaining maturity is three months. Compensating balance arrangements that do not legally restrict the withdrawal or usage of cash amounts may be reported as Cash and Cash Equivalents, while legally restricted deposits held as compensating balances against borrowing arrangements, contracts entered into with others, or company statements of intention with regard to particular deposits should not be reported as cash and cash equivalents.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 7, 26 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 8, 9 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 7 -Footnote 1 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 1 -Article 5 falsefalse44false0us-gaap_CashAndCashEquivalentsAtCarryingValueus-gaaptruedebitinstantNo definition available.falsefalsefalsefalsefalsefalsefalsefalsetruefalseperiodendlabel1truefalsefalse848595000848595falsetruefalsefalsefalse2truefalsefalse952272000952272falsetruefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryIncludes currency on hand as well as demand deposits with banks or financial institutions. It also includes other kinds of accounts that have the general characteristics of demand deposits in that the Entity may deposit additional funds at any time and also effectively may withdraw funds at any time without prior notice or penalty. Cash equivalents, excluding items classified as marketable securities, include short-term, highly liquid investments that are both readily convertible to known amounts of cash, and so near their maturity that they present minimal risk of changes in value because of changes in interest rates. Generally, only investments with original maturities of three months or less qualify under that definition. Original maturity means original maturity to the entity holding the investment. For example, both a three-month US Treasury bill and a three-year Treasury note purchased three months from maturity qualify as cash equivalents. However, a Treasury note purchased three years ago does not become a cash equivalent when its remaining maturity is three months. Compensating balance arrangements that do not legally restrict the withdrawal or usage of cash amounts may be reported as Cash and Cash Equivalents, while legally restricted deposits held as compensating balances against borrowing arrangements, contracts entered into with others, or company statements of intention with regard to particular deposits should not be reported as cash and cash equivalents.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 7, 26 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 8, 9 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 7 -Footnote 1 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 1 -Article 5 falsefalse240CONSOLIDATED STATEMENT OF CASH FLOWS (USD $)ThousandsUnKnownUnKnownUnKnownfalsetrue XML 24 R16.xml IDEA: SUPPLEMENTAL CASH FLOW INFORMATION 2.2.0.25falsefalse1120 - Disclosure - SUPPLEMENTAL CASH FLOW INFORMATIONtruefalsefalse1falsefalseUSDfalsefalse1/1/2011 - 3/31/2011 USD ($) USD ($) / shares $D2011Q1http://www.sec.gov/CIK0000891103duration2011-01-01T00:00:002011-03-31T00:00:00USDStandardhttp://www.xbrl.org/2003/iso4217USDiso42170USDPerShareDividehttp://www.xbrl.org/2003/iso4217USDiso4217http://www.xbrl.org/2003/instancesharesxbrli0USDUSD$2true0iaci_SupplementalCashFlowInformationDisclosureAbstractiacifalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsefalsefalseOtherxbrli:stringItemTypestringNo definition available.falsefalse3false0us-gaap_CashFlowSupplementalDisclosuresTextBlockus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1falsefalsefalse00<table style="font-size:10pt; font-family:'Times New Roman',times,serif;"> <tr> <td> <p style="FONT-FAMILY: times"><font size="2"><b>NOTE 12&#151;SUPPLEMENTAL CASH FLOW INFORMATION </b></font></p> <p style="FONT-FAMILY: times"><font size="2"><b>Non-Cash Transactions for the Three Months Ended March&nbsp;31, 2011 </b></font></p> <p style="FONT-FAMILY: times"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On February&nbsp;8, 2011, in connection with the tax-free exchange with Liberty Media Corporation in the fourth quarter of 2010, the Company received 0.1&nbsp;million shares of IAC common stock, valued at $2.9&nbsp;million, in fulfillment of post-closing working capital adjustments. </font></p> <p style="FONT-FAMILY: times"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On January&nbsp;31, 2011, IAC contributed The Daily Beast, previously reported in IAC's Media&nbsp;&amp; Other segment, to a newly formed venture with Harman Newsweek called The Newsweek Daily Beast Company. Pursuant to this transaction, IAC and Harman Newsweek each own 50% of The Newsweek Daily Beast Company and operate it jointly. </font></p> <p style="FONT-FAMILY: times"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The consideration for the acquisition of OkCupid on January&nbsp;20, 2011 includes a contingent consideration arrangement which is described in Note&nbsp;4.</font></p></td></tr></table> NOTE 12&#151;SUPPLEMENTAL CASH FLOW INFORMATION Non-Cash Transactions for the Three Months Ended March&nbsp;31, 2011falsefalsefalsefalsefalseOtherus-types:textBlockItemTypestringDesignated to encapsulate the entire footnote disclosure that provides information on the supplemental cash flow activities, including cash, noncash, and part noncash transactions, for the period. Noncash is defined as information about all investing and financing activities of an enterprise during a period that affect recognized assets or liabilities but that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 32 falsefalse12SUPPLEMENTAL CASH FLOW INFORMATIONUnKnownUnKnownUnKnownUnKnownfalsetrue XML 25 R9.xml IDEA: MARKETABLE SECURITIES 2.2.0.25falsefalse1050 - Disclosure - MARKETABLE SECURITIEStruefalsefalse1falsefalseUSDfalsefalse1/1/2011 - 3/31/2011 USD ($) USD ($) / shares $D2011Q1http://www.sec.gov/CIK0000891103duration2011-01-01T00:00:002011-03-31T00:00:00USDStandardhttp://www.xbrl.org/2003/iso4217USDiso42170USDPerShareDividehttp://www.xbrl.org/2003/iso4217USDiso4217http://www.xbrl.org/2003/instancesharesxbrli0USDUSD$2true0iaci_MarketableSecuritiesDisclosureAbstractiacifalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsefalsefalseOtherxbrli:stringItemTypestringNo definition available.falsefalse3false0us-gaap_AvailableForSaleSecuritiesTextBlockus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1falsefalsefalse00<table style="font-size:10pt; font-family:'Times New Roman',times,serif;"> <tr> <td> <p style="FONT-FAMILY: times"><font size="2"><b>NOTE 5&#151;MARKETABLE SECURITIES</b></font></p> <p style="FONT-FAMILY: times"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At March&nbsp;31, 2011, available-for-sale marketable securities are as follows (in thousands):</font></p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 80%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 10%; PADDING-TOP: 0pt"> <p style="FONT-FAMILY: times"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="HEIGHT: 0px"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times" width="10" align="left"></td> <td style="FONT-FAMILY: times" align="left"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="51"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="51"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="51"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="51"></td> <td style="FONT-FAMILY: times" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" colspan="2" align="left"><font size="2">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>Amortized<br /> Cost </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>Gross<br /> Unrealized<br /> Gains </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>Gross<br /> Unrealized<br /> Losses </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>Estimated<br /> Fair Value </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Corporate debt securities</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">217,940</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">701</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(19</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">218,622</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">States of the U.S. and state political subdivisions</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">110,192</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">407</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(100</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">110,499</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">U.S. Treasury securities</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">124,937</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">25</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">124,962</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Total debt securities</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">453,069</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">1,133</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(119</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">454,083</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Equity security</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">10,224</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">4,583</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">14,807</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Total marketable securities</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">463,293</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">5,716</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(119</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">468,890</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <p style="FONT-FAMILY: times"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At December&nbsp;31, 2010, available-for-sale marketable securities are as follows (in thousands):</font></p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 80%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 10%; PADDING-TOP: 0pt"> <p style="FONT-FAMILY: times"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="HEIGHT: 0px"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times" width="10" align="left"></td> <td style="FONT-FAMILY: times" align="left"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="51"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="51"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="51"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="51"></td> <td style="FONT-FAMILY: times" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" colspan="2" align="left"><font size="2">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>Amortized<br /> Cost </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>Gross<br /> Unrealized<br /> Gains </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>Gross<br /> Unrealized<br /> Losses </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>Estimated<br /> Fair Value </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Corporate debt securities</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">237,406</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">773</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(16</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">238,163</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">States of the U.S. and state political subdivisions</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">110,478</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">373</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(230</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">110,621</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">U.S. Treasury securities</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">199,881</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">18</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">199,899</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Total debt securities</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">547,765</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">1,164</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(246</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">548,683</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Equity securities</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">12,896</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">2,418</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">15,314</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Total marketable securities</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">560,661</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">3,582</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(246</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">563,997</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <p style="FONT-FAMILY: times"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The net unrealized gains in the tables above are included in accumulated other comprehensive income for their respective periods. </font></p> <p style="FONT-FAMILY: times"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The contractual maturities of debt securities classified as available-for-sale at March&nbsp;31, 2011 are as follows (in thousands): </font></p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 60%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 20%; PADDING-TOP: 0pt"> <p style="FONT-FAMILY: times"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="HEIGHT: 0px"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times" width="10" align="left"></td> <td style="FONT-FAMILY: times" align="left"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="51"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="51"></td> <td style="FONT-FAMILY: times" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" colspan="2" align="left"><font size="2">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>Amortized<br /> Cost </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>Estimated<br /> Fair Value </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Due in one year or less</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">359,970</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">360,676</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Due after one year through five years</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">93,099</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">93,407</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Total</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">453,069</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">454,083</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <p style="FONT-FAMILY: times"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following table summarizes investments in marketable securities that have been in a continuous unrealized loss position for less than twelve months (in thousands): </font></p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 60%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 20%; PADDING-TOP: 0pt"> <p style="FONT-FAMILY: times"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="HEIGHT: 0px"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times" width="10" align="left"></td> <td style="FONT-FAMILY: times" align="left"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="45"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="51"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="45"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="51"></td> <td style="FONT-FAMILY: times" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" colspan="2" align="left"><font size="2">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="5" align="center"><font size="1"><b>March&nbsp;31, 2011 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="5" align="center"><font size="1"><b>December&nbsp;31, 2010 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" colspan="2" align="left"><font size="1">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>Fair<br /> Value </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>Gross<br /> Unrealized<br /> Losses </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>Fair<br /> Value </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>Gross<br /> Unrealized<br /> Losses </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Corporate debt securities</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">14,848</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">(19</font></td> <td style="FONT-FAMILY: times"><font size="2">)</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">34,552</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">(16</font></td> <td style="FONT-FAMILY: times"><font size="2">)</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">States of the U.S. and state political subdivisions</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">15,665</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">(100</font></td> <td style="FONT-FAMILY: times"><font size="2">)</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">39,171</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">(230</font></td> <td style="FONT-FAMILY: times"><font size="2">)</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Total</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">30,513</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">(119</font></td> <td style="FONT-FAMILY: times"><font size="2">)</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">73,723</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">(246</font></td> <td style="FONT-FAMILY: times"><font size="2">)</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <p style="FONT-FAMILY: times"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At March&nbsp;31, 2011 and December&nbsp;31, 2010, there are no investments in marketable securities that have been in a continuous unrealized loss position for twelve months or longer. </font></p> <p style="FONT-FAMILY: times"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Substantially all of the Company's debt securities are rated investment grade. Because the Company does not intend to sell any marketable securities and it is not more likely than not that the Company will be required to sell any marketable securities before recovery of their amortized cost bases, which may be maturity, the Company does not consider any of its marketable securities to be other-than-temporarily impaired at March&nbsp;31, 2011. </font></p> <p style="FONT-FAMILY: times"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following table presents the proceeds from sales and maturities of available-for-sale marketable securities and the related gross realized gains and losses (in thousands):</font></p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 60%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 20%; PADDING-TOP: 0pt"> <p style="FONT-FAMILY: times"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="HEIGHT: 0px"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times" align="left"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="51"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="51"></td> <td style="FONT-FAMILY: times" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" align="left"><font size="2">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="5" align="center"><font size="1"><b>Three Months Ended<br /> March&nbsp;31,</b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" align="left"><font size="1">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>2011 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>2010 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Proceeds from sales and maturities of available-for-sale marketable securities</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">198,765</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">200,990</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Gross realized gains</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">894</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">4,249</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Gross realized losses</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">(18</font></td> <td style="FONT-FAMILY: times"><font size="2">)</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <p style="FONT-FAMILY: times"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gross realized gains and losses from the sale of marketable securities and from the sale of investments are included in "Other income, net" in the accompanying consolidated statement of operations.</font></p></td></tr></table> NOTE 5&#151;MARKETABLE SECURITIES &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At March&nbsp;31, 2011, available-for-sale marketable securities are asfalsefalsefalsefalsefalseOtherus-types:textBlockItemTypestringThis item represents the entire disclosure related to Available-for-sale Securities which consist of all investments in certain debt and equity securities neither classified as trading or held-to-maturity securities. A debt security represents a creditor relationship with an enterprise. Debt securities include, among other items, US Treasury securities, US government securities, municipal securities, corporate bonds, convertible debt, commercial paper, and all securitized debt instruments. An equity security represents an ownership interest in an enterprise or the right to acquire or dispose of an ownership interest in an enterprise at fixed or determinable prices. Equity securities include, among other things, common stock, certain preferred stock, warrant rights, call options, and put options, but do not include convertible debt. An entity may opt to provide the reader with additional narrative text to better understand the nature of investments in debt and equity securities which are categorized as Available-for-sale.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Emerging Issues Task Force (EITF) -Number 03-1 -Paragraph 21 -Subparagraph a, b Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name FASB Staff Position (FSP) -Number FAS115-1/124-1 -Paragraph 17 -Subparagraph a, b Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 115 -Paragraph 19, 20, 21 falsefalse12MARKETABLE SECURITIESUnKnownUnKnownUnKnownUnKnownfalsetrue XML 26 R6.xml IDEA: CONSOLIDATED FINANCIAL STATEMENT DETAILS 2.2.0.25falsefalse1020 - Disclosure - CONSOLIDATED FINANCIAL STATEMENT DETAILStruefalsefalse1falsefalseUSDfalsefalse1/1/2011 - 3/31/2011 USD ($) USD ($) / shares $D2011Q1http://www.sec.gov/CIK0000891103duration2011-01-01T00:00:002011-03-31T00:00:00USDStandardhttp://www.xbrl.org/2003/iso4217USDiso42170USDPerShareDividehttp://www.xbrl.org/2003/iso4217USDiso4217http://www.xbrl.org/2003/instancesharesxbrli0USDUSD$2true0iaci_ConsolidatedFinancialStatementDetailsDisclosureAbstractiacifalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsefalsefalseOtherxbrli:stringItemTypestringNo definition available.falsefalse3false0iaci_ConsolidatedFinancialStatementDetailsDisclosureTextBlockiacifalsenadurationConsolidated financial statement details.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1falsefalsefalse00<table style="font-size:10pt; font-family:'Times New Roman',times,serif;"> <tr> <td> <p style="FONT-FAMILY: times"><font size="2"><b>NOTE 2&#151;CONSOLIDATED FINANCIAL STATEMENT DETAILS </b></font></p> <p style="FONT-FAMILY: times"><font size="2"><b>Property and equipment, net</b></font></p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 60%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 20%; PADDING-TOP: 0pt"> <p style="FONT-FAMILY: times"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="HEIGHT: 0px"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times" width="10" align="left"></td> <td style="FONT-FAMILY: times" align="left"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="56"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="64"></td> <td style="FONT-FAMILY: times" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" colspan="2" align="left"><font size="2">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>March&nbsp;31,<br /> 2011 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>December&nbsp;31,<br /> 2010 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" colspan="2" align="left"><font size="1">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="FONT-FAMILY: times" colspan="5" align="center"><font size="1"><b>(In thousands)</b></font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Buildings and leasehold improvements</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">234,483</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">234,328</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Computer equipment and capitalized software</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">184,441</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">183,055</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Furniture and other equipment</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">41,394</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">41,930</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Projects in progress</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">3,203</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">2,944</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Land</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">5,117</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">5,117</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt">&nbsp;</p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">468,638</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">467,374</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Less: accumulated depreciation and amortization</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(206,069</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(199,446</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Property and equipment, net</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">262,569</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">267,928</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <p style="FONT-FAMILY: times"><font size="2"><b>Redeemable noncontrolling interests </b></font></p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 60%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 20%; PADDING-TOP: 0pt"> <p style="FONT-FAMILY: times"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="HEIGHT: 0px"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times" width="10" align="left"></td> <td style="FONT-FAMILY: times" align="left"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="49"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="64"></td> <td style="FONT-FAMILY: times" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" colspan="2" align="left"><font size="2">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>March&nbsp;31, 2011 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>December&nbsp;31, 2010 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" colspan="2" align="left"><font size="1">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="FONT-FAMILY: times" colspan="5" align="center"><font size="1"><b>(In thousands)</b></font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Balance at January&nbsp;1</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">59,869</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">28,180</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Noncontrolling interests related to acquisitions</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">23,583</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Noncontrolling interest created by a decrease in the ownership of a subsidiary</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">15,750</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Contribution from owners of noncontrolling interests</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">20</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">79</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Net earnings (loss) attributable to noncontrolling interests</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">150</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">(5,007</font></td> <td style="FONT-FAMILY: times"><font size="2">)</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Change in fair value of redeemable noncontrolling interests</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">(2,059</font></td> <td style="FONT-FAMILY: times"><font size="2">)</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Change in foreign currency translation adjustment</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">78</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">(267</font></td> <td style="FONT-FAMILY: times"><font size="2">)</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Other</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">(390</font></td> <td style="FONT-FAMILY: times"><font size="2">)</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Balance at end of period</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">60,117</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">59,869</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <p style="FONT-FAMILY: times"><font size="2"><b>Accumulated other comprehensive income </b></font></p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 60%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 20%; PADDING-TOP: 0pt"> <p style="FONT-FAMILY: times"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="HEIGHT: 0px"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times" width="10" align="left"></td> <td style="FONT-FAMILY: times" align="left"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="49"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="64"></td> <td style="FONT-FAMILY: times" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" colspan="2" align="left"><font size="2">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>March&nbsp;31, 2011 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>December&nbsp;31, 2010 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" colspan="2" align="left"><font size="1">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="FONT-FAMILY: times" colspan="5" align="center"><font size="1"><b>(In thousands)</b></font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Foreign currency translation adjustment, net of tax</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">16,955</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">16,027</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Unrealized gains on available-for-sale securities, net of tax</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">3,888</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">1,519</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Accumulated other comprehensive income, net of tax</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">20,843</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">17,546</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <p style="FONT-FAMILY: times"><font size="2"><b>Other income (expense), net</b></font></p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 60%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 20%; PADDING-TOP: 0pt"> <p style="FONT-FAMILY: times"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="HEIGHT: 0px"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times" width="10" align="left"></td> <td style="FONT-FAMILY: times" align="left"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="51"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="51"></td> <td style="FONT-FAMILY: times" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" colspan="2" align="left"><font size="2">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="5" align="center"><font size="1"><b>Three Months Ended<br /> March&nbsp;31,</b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" colspan="2" align="left"><font size="1">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>2011 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>2010 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" colspan="2" align="left"><font size="1">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="FONT-FAMILY: times" colspan="5" align="center"><font size="1"><b>(In thousands)</b></font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Interest income</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">1,302</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">1,635</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Interest expense</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(1,355</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(1,323</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Gain on sales of investments</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">846</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">3,989</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Other</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(41</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">935</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Other income, net</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">752</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">5,236</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <p style="FONT-FAMILY: times"><font size="2"><b>Comprehensive income (loss)</b></font></p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 60%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 20%; PADDING-TOP: 0pt"> <p style="FONT-FAMILY: times"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="HEIGHT: 0px"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times" width="10" align="left"></td> <td style="FONT-FAMILY: times" align="left"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="45"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="50"></td> <td style="FONT-FAMILY: times" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" colspan="2" align="left"><font size="2">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="5" align="center"><font size="1"><b>Three Months Ended<br /> March&nbsp;31,</b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" colspan="2" align="left"><font size="1">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>2011 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>2010 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" colspan="2" align="left"><font size="1">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="FONT-FAMILY: times" colspan="5" align="center"><font size="1"><b>(In thousands)</b></font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Net earnings (loss) attributable to IAC shareholders</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">18,070</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">(18,705</font></td> <td style="FONT-FAMILY: times"><font size="2">)</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Change in foreign currency translation adjustment, net of tax</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">928</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">(4,673</font></td> <td style="FONT-FAMILY: times"><font size="2">)</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Change in net unrealized gains (losses) on available-for-sale securities, net of tax</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">2,369</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">(5,209</font></td> <td style="FONT-FAMILY: times"><font size="2">)</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times" colspan="2"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Other comprehensive income (loss)</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">3,297</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">(9,882</font></td> <td style="FONT-FAMILY: times"><font size="2">)</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"><font size="0">&nbsp;</font></td> <td style="FONT-FAMILY: times"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Comprehensive income (loss)</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">21,367</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">(28,587</font></td> <td style="FONT-FAMILY: times"><font size="2">)</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <p style="FONT-FAMILY: times"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The specific-identification method is used to determine the cost of securities sold and the amount of unrealized gains and losses reclassified out of accumulated other comprehensive income into earnings. The amount of unrealized gains, net of tax, reclassified out of accumulated other comprehensive income into earnings related to the sales and maturities of available-for-sale securities for the three months ended March&nbsp;31, 2011 and 2010 were $0.1&nbsp;million and $2.5&nbsp;million, respectively.</font></p></td></tr></table> NOTE 2&#151;CONSOLIDATED FINANCIAL STATEMENT DETAILS Property and equipment, net <!-- User-specified TAGGED TABLEfalsefalsefalsefalsefalseOtherus-types:textBlockItemTypestringConsolidated financial statement details.No authoritative reference available.falsefalse12CONSOLIDATED FINANCIAL STATEMENT DETAILSUnKnownUnKnownUnKnownUnKnownfalsetrue XML 27 R5.xml IDEA: THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES 2.2.0.25falsefalse1010 - Disclosure - THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIEStruefalsefalse1falsefalseUSDfalsefalse1/1/2011 - 3/31/2011 USD ($) USD ($) / shares $D2011Q1http://www.sec.gov/CIK0000891103duration2011-01-01T00:00:002011-03-31T00:00:00USDStandardhttp://www.xbrl.org/2003/iso4217USDiso42170USDPerShareDividehttp://www.xbrl.org/2003/iso4217USDiso4217http://www.xbrl.org/2003/instancesharesxbrli0USDUSD$2true0iaci_TheCompanyAndSummaryOfSignificantAccountingPoliciesDisclosureAbstractiacifalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsefalsefalseOtherxbrli:stringItemTypestringNo definition available.falsefalse3false0iaci_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureAndSignificantAccountingPoliciesDisclosureTextBlockiacifalsenadurationDescription containing the entire organization, consolidation and basis of presentation of financial statements disclosure....falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1falsefalsefalse00<table style="font-size:10pt; font-family:'Times New Roman',times,serif;"> <tr> <td> <p style="FONT-FAMILY: times"><font size="2"><b>NOTE 1&#151;THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES </b></font></p> <p style="FONT-FAMILY: times"><font size="2"><b>Nature of Operations</b></font></p> <p style="FONT-FAMILY: times"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IAC is a leading internet company with more than 50 brands serving consumer audiences across more than 30&nbsp;countries&#133;our mission is to harness the power of interactivity to make daily life easier and more productive for people all over the world. IAC includes the businesses comprising its Search segment; its Match and ServiceMagic segments; the businesses comprising its Media&nbsp;&amp; Other segment; as well as investments in unconsolidated affiliates. </font></p> <p style="FONT-FAMILY: times"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All references to "IAC," the "Company," "we," "our" or "us" in this report are to IAC/InterActiveCorp.</font></p> <p style="FONT-FAMILY: times"><font size="2"><b>Basis of Presentation</b></font></p> <p style="FONT-FAMILY: times"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The consolidated financial statements include the accounts of the Company, all entities that are wholly-owned by the Company and all entities in which the Company has a controlling financial interest, whether through voting interests or variable interests. The Company's consolidated financial statements include one variable interest entity, in which the Company has a controlling financial interest through voting rights and is also the primary beneficiary. Intercompany transactions and accounts have been eliminated. Investments in entities in which the Company has the ability to exercise significant influence over the operating and financial matters of the investee, but does not have a controlling financial interest, are accounted for using the equity method and are included in "Long-term investments" in the accompanying consolidated balance sheet.</font></p> <p style="FONT-FAMILY: times"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The accompanying unaudited consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles ("U.S.&nbsp;GAAP") for interim financial information and with the rules and regulations of the Securities and Exchange Commission ("SEC"). Accordingly, they do not include all of the information and notes required by U.S.&nbsp;GAAP for complete financial statements. In the opinion of management, the accompanying unaudited consolidated financial statements include all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation. Interim results are not necessarily indicative of the results that may be expected for a full year. The accompanying unaudited consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company's annual report on Form&nbsp;10-K for the year ended December&nbsp;31, 2010. </font></p> <p style="FONT-FAMILY: times"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The accompanying unaudited consolidated statements of operations and cash flows for the three months ended March&nbsp;31, 2010 have been reclassified to present Evite, Gifts.com, IAC Advertising Solutions and InstantAction, all of which were previously reported in IAC's Media&nbsp;&amp; Other segment, as discontinued operations. In addition, certain other prior year amounts have been reclassified to conform to the current year presentation. </font></p> <p style="FONT-FAMILY: times"><font size="2"><b>Accounting Estimates</b></font></p> <p style="FONT-FAMILY: times"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The preparation of consolidated financial statements in accordance with U.S.&nbsp;GAAP requires management to make certain estimates and judgments that affect the reported amounts of assets, liabilities, revenue and expenses and the related disclosure of contingent assets and liabilities. Actual amounts could differ materially from these estimates. On an ongoing basis, the Company evaluates its estimates and judgments including those related to the fair values of marketable securities and other investments, goodwill and indefinite-lived intangible assets, the useful lives of definite-lived intangible assets and property and equipment, the carrying value of accounts receivable, including the determination of the allowances for doubtful accounts and other revenue related allowances, the reserves for income tax contingencies and the valuation allowances for deferred income tax assets and the fair value of stock-based awards, among others. The Company bases its estimates and judgments on historical experience, its forecasts and budgets and other factors that the Company considers relevant. </font></p> <p style="FONT-FAMILY: times"><font size="2"><b>Certain Risks and Concentrations</b></font></p> <p style="FONT-FAMILY: times"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A substantial portion of the Company's revenue is attributable to online advertising, the market for which is highly competitive and rapidly changing. Significant changes in this industry or changes in customer buying behavior or advertiser spending behavior could adversely affect our operating results. A significant majority of the Company's online advertising revenue is attributable to a paid listing supply agreement with Google&nbsp;Inc. ("Google"). On April&nbsp;8, 2011, this agreement was amended and extended through March&nbsp;31, 2016. For the three months ended March&nbsp;31, 2011 and 2010, revenue earned from Google is $214.9&nbsp;million and $171.5&nbsp;million, respectively. The majority of this revenue is earned by the businesses comprising the Search segment. Accounts receivable related to revenue earned from Google totaled $77.3&nbsp;million at March&nbsp;31, 2011 and $70.5&nbsp;million at December&nbsp;31, 2010.</font></p></td></tr></table> NOTE 1&#151;THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Nature of Operations &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IAC is a leadingfalsefalsefalsefalsefalseOtherus-types:textBlockItemTypestringDescription containing the entire organization, consolidation and basis of presentation of financial statements disclosure. May be provided in more than one note to the financial statements, as long as users are provided with an understanding of (1) the significant judgments and assumptions made by an enterprise in determining whether it must consolidate a VIE and/or disclose information about its involvement with a VIE, (2) the nature of restrictions on a consolidated VIE's assets reported by an enterprise in its statement of financial position, including the carrying amounts of such assets, (3) the nature of, and changes in, the risks associated with an enterprise's involvement with the VIE, and (4) how an enterprise's involvement with the VIE affects the enterprise's financial position, financial performance, and cash flows. Describes procedure if disclosures are provided in more than one note to the financial statements and all significant accounting policies of the reporting entity.No authoritative reference available.falsefalse12THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIESUnKnownUnKnownUnKnownUnKnownfalsetrue XML 28 defnref.xml IDEA: XBRL DOCUMENT No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. The cash outflow associated with the purchase of long-term investments during the period. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. Noncontrolling (minority) interests that are redeemable at the option of the holder and not solely within the control of IAC. And in accordance with FASB Emerging Issues Task Force Topic No. D-98, "Classification and Measurement of Redeemable Securities," are included in the mezzanine section of the accompanying consolidated balance sheet, outside of shareholders' equity. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. The proceeds/cash inflow for the period from selling investments, including marketable equity securities and equity method investments. No authoritative reference available. Description containing the entire organization, consolidation and basis of presentation of financial statements disclosure. May be provided in more than one note to the financial statements, as long as users are provided with an understanding of (1) the significant judgments and assumptions made by an enterprise in determining whether it must consolidate a VIE and/or disclose information about its involvement with a VIE, (2) the nature of restrictions on a consolidated VIE's assets reported by an enterprise in its statement of financial position, including the carrying amounts of such assets, (3) the nature of, and changes in, the risks associated with an enterprise's involvement with the VIE, and (4) how an enterprise's involvement with the VIE affects the enterprise's financial position, financial performance, and cash flows. Describes procedure if disclosures are provided in more than one note to the financial statements and all significant accounting policies of the reporting entity. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. Change to this element represents the net realized gain (loss) included in earnings for the period as a result of selling investments, including marketable equity securities and equity method investments. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. The cash inflow from the issuance of common stock offset by the cash outflow related to the withholding tax on stock option exercises and RSU vestings. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. Net change in cash associated with the entity's continuing operations. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. Sum of operating profit and nonoperating income (expense) income (loss) from equity method investments, before income taxes. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer); and aggregate carrying amount, as of the balance sheet date, of current obligations not separately disclosed in the balance sheet due to materiality considerations. Current liabilities are expected to be paid within one year (or the normal operating cycle, if longer). No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. Consolidated financial statement details. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. This element may be used as a single block of text to encapsulate the entire disclosure including data and tables about loss and gain contingencies. Describes any existing condition, situation, or set of circumstances involving uncertainty as of the balance sheet date (or prior to issuance of the financial statements) as to a probable or reasonably possible loss incurred by an entity that will ultimately be resolved when one or more future events occur or fail to occur, and typically discloses the amount of loss recorded or a range of possible loss, or an assertion that no reasonable estimate can be made. Mores specific elements should be used if the entire disclosure pertains to environmental matters, product warranties, and other items of a contingent nature for which taxonomy text block elements exist. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. XML 29 R13.xml IDEA: EARNINGS (LOSS) PER SHARE 2.2.0.25falsefalse1090 - Disclosure - EARNINGS (LOSS) PER SHAREtruefalsefalse1falsefalseUSDfalsefalse1/1/2011 - 3/31/2011 USD ($) USD ($) / shares $D2011Q1http://www.sec.gov/CIK0000891103duration2011-01-01T00:00:002011-03-31T00:00:00USDStandardhttp://www.xbrl.org/2003/iso4217USDiso42170USDPerShareDividehttp://www.xbrl.org/2003/iso4217USDiso4217http://www.xbrl.org/2003/instancesharesxbrli0USDUSD$2true0iaci_EarningsLossPerShareDisclosureAbstractiacifalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsefalsefalseOtherxbrli:stringItemTypestringNo definition available.falsefalse3false0us-gaap_EarningsPerShareTextBlockus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1falsefalsefalse00<table style="font-size:10pt; font-family:'Times New Roman',times,serif;"> <tr> <td> <p style="FONT-FAMILY: times"><font size="2"><b>NOTE 9&#151;EARNINGS (LOSS) PER SHARE</b></font></p> <p style="FONT-FAMILY: times"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following table sets forth the computation of basic and diluted earnings (loss) per share attributable to IAC shareholders. </font></p> <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 80%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 10%; PADDING-TOP: 0pt"> <p style="FONT-FAMILY: times"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="HEIGHT: 0px"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times" align="left"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="45"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="45"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="51"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" width="7" align="right"></td> <td style="FONT-FAMILY: times" width="51"></td> <td style="FONT-FAMILY: times" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" align="left"><font size="2">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="11" align="center"><font size="1"><b>Three&nbsp;Months&nbsp;Ended&nbsp;March&nbsp;31,</b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" align="left"><font size="1">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="5" align="center"><font size="1"><b>2011 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="5" align="center"><font size="1"><b>2010 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" align="left"><font size="1">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>Basic </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>Diluted </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>Basic </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" colspan="2" align="center"><font size="1"><b>Diluted </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" align="left"><font size="1">&nbsp;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th> <th style="FONT-FAMILY: times" colspan="11" align="center"><font size="1"><b>(In&nbsp;thousands,&nbsp;except&nbsp;per&nbsp;share&nbsp;data)</b></font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&nbsp;</font></th></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2"><b>Numerator:</b></font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Earnings (loss) from continuing operations</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">20,168</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">20,168</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">(14,597</font></td> <td style="FONT-FAMILY: times"><font size="2">)</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">(14,597</font></td> <td style="FONT-FAMILY: times"><font size="2">)</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Net (earnings) loss attributable to noncontrolling interests</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">(150</font></td> <td style="FONT-FAMILY: times"><font size="2">)</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">(150</font></td> <td style="FONT-FAMILY: times"><font size="2">)</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">619</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">619</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Earnings (loss) from continuing operations attributable to IAC shareholders</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">20,018</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">20,018</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">(13,978</font></td> <td style="FONT-FAMILY: times"><font size="2">)</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">(13,978</font></td> <td style="FONT-FAMILY: times"><font size="2">)</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Loss from discontinued operations, net of tax</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">(1,948</font></td> <td style="FONT-FAMILY: times"><font size="2">)</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">(1,948</font></td> <td style="FONT-FAMILY: times"><font size="2">)</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">(4,727</font></td> <td style="FONT-FAMILY: times"><font size="2">)</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">(4,727</font></td> <td style="FONT-FAMILY: times"><font size="2">)</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Net earnings (loss) attributable to IAC shareholders</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">18,070</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">18,070</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">(18,705</font></td> <td style="FONT-FAMILY: times"><font size="2">)</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">(18,705</font></td> <td style="FONT-FAMILY: times"><font size="2">)</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2"><b>Denominator:</b></font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Weighted average basic shares outstanding</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">89,081</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">89,081</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">116,446</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">116,446</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Dilutive securities including stock options, warrants, RSUs and PSUs(a)(b)</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">4,595</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">&#151;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Denominator for earnings per share&#151;weighted average shares(a)(b)</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">89,081</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">93,676</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">116,446</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">116,446</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2"><b>Earnings (loss) per share attributable to IAC shareholders:</b></font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Earnings (loss) per share from continuing operations</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">0.22</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">0.21</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">(0.12</font></td> <td style="FONT-FAMILY: times"><font size="2">)</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">(0.12</font></td> <td style="FONT-FAMILY: times"><font size="2">)</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Discontinued operations, net of tax</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">(0.02</font></td> <td style="FONT-FAMILY: times"><font size="2">)</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">(0.02</font></td> <td style="FONT-FAMILY: times"><font size="2">)</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">(0.04</font></td> <td style="FONT-FAMILY: times"><font size="2">)</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">(0.04</font></td> <td style="FONT-FAMILY: times"><font size="2">)</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times"> <p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt"><font size="2">Earnings (loss) per share</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">0.20</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">0.19</font></td> <td style="FONT-FAMILY: times"><font size="2">&nbsp;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">(0.16</font></td> <td style="FONT-FAMILY: times"><font size="2">)</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">(0.16</font></td> <td style="FONT-FAMILY: times"><font size="2">)</font></td></tr> <tr style="HEIGHT: 0px; FONT-SIZE: 1.5pt" valign="top"> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" colspan="2" align="right">&nbsp;</td> <td style="FONT-FAMILY: times" valign="bottom">&nbsp;</td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <div style="POSITION: relative; TEXT-ALIGN: left; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; PADDING-RIGHT: 0pt; MARGIN-LEFT: 10%; PADDING-TOP: 0pt"><!-- COMMAND=ADD_LINERULETXT,NOSHADE COLOR="#000000" SIZE="1.0PT" WIDTH="26%" ALIGN="LEFT" --> <hr style="COLOR: #000000" align="left" size="1" width="26%" noshade="noshade" /> <dl compact="compact"> <dt style="FONT-FAMILY: times; MARGIN-BOTTOM: -11pt"><font size="2">(a)</font></dt> <dd style="FONT-FAMILY: times"><font size="2">If the effect is dilutive, weighted average common shares outstanding include the incremental shares that would be issued upon the assumed exercise of stock options and warrants and vesting of restricted stock units ("RSUs") and performance stock units ("PSUs"). For the three months ended March&nbsp;31, 2011, approximately 12.4&nbsp;million shares related to potentially dilutive securities are excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive. <br /> <br /></font></dd> <dt style="FONT-FAMILY: times; MARGIN-BOTTOM: -11pt"><font size="2">(b)</font></dt> <dd style="FONT-FAMILY: times"><font size="2">For the three months ended March&nbsp;31, 2010, the Company had a loss from continuing operations and as a result, no potentially dilutive securities were included in the denominator for computing dilutive earnings per share because the impact would have been anti-dilutive. Accordingly, the weighted average basic shares outstanding were used to compute all earnings per share amounts. For the three months ended March&nbsp;31, 2010, approximately 39.0&nbsp;million shares related to potentially dilutive securities were excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive.</font></dd></dl></div></td></tr></table> NOTE 9&#151;EARNINGS (LOSS) PER SHARE &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following table sets forth the computation of basic and dilutedfalsefalsefalsefalsefalseOtherus-types:textBlockItemTypestringThis element may be used to capture the complete disclosure pertaining to an entity's earnings per share.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 128 -Paragraph 40 falsefalse12EARNINGS (LOSS) PER SHAREUnKnownUnKnownUnKnownUnKnownfalsetrue XML 30 R1.xml IDEA: CONSOLIDATED BALANCE SHEET 2.2.0.25truefalse0010 - Statement - CONSOLIDATED BALANCE SHEETtruefalseIn Thousandsfalse1falsefalseUSDfalsefalse1/1/2011 - 3/31/2011 USD ($) USD ($) / shares $D2011Q1http://www.sec.gov/CIK0000891103duration2011-01-01T00:00:002011-03-31T00:00:00USDStandardhttp://www.xbrl.org/2003/iso4217USDiso42170USDPerShareDividehttp://www.xbrl.org/2003/iso4217USDiso4217http://www.xbrl.org/2003/instancesharesxbrli0SharesStandardhttp://www.xbrl.org/2003/instancesharesxbrli0USDUSD$2falsefalseUSDfalsefalse1/1/2010 - 12/31/2010 D2010http://www.sec.gov/CIK0000891103duration2010-01-01T00:00:002010-12-31T00:00:00USDStandardhttp://www.xbrl.org/2003/iso4217USDiso42170SharesStandardhttp://www.xbrl.org/2003/instancesharesxbrli0USDPerShareDividehttp://www.xbrl.org/2003/iso4217USDiso4217http://www.xbrl.org/2003/instancesharesxbrli0$2true0us-gaap_AssetsAbstractus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1falsefalsefalse00falsefalsefalsefalsefalse2falsefalsefalse00falsefalsefalsefalsefalseOtherxbrli:stringItemTypestringNo definition available.falsefalse3false0us-gaap_CashAndCashEquivalentsAtCarryingValueus-gaaptruedebitinstantNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1truefalsefalse848595000848595falsetruefalsefalsefalse2truefalsefalse742099000742099falsetruefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryIncludes currency on hand as well as demand deposits with banks or financial institutions. It also includes other kinds of accounts that have the general characteristics of demand deposits in that the Entity may deposit additional funds at any time and also effectively may withdraw funds at any time without prior notice or penalty. Cash equivalents, excluding items classified as marketable securities, include short-term, highly liquid investments that are both readily convertible to known amounts of cash, and so near their maturity that they present minimal risk of changes in value because of changes in interest rates. Generally, only investments with original maturities of three months or less qualify under that definition. Original maturity means original maturity to the entity holding the investment. For example, both a three-month US Treasury bill and a three-year Treasury note purchased three months from maturity qualify as cash equivalents. However, a Treasury note purchased three years ago does not become a cash equivalent when its remaining maturity is three months. 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Such securities are reported at fair value; unrealized gains and losses related to Available-for-sale securities are excluded from earnings and reported in a separate component of shareholders' equity (other comprehensive income), unless the Available-for-sale security is designated as a hedge or is determined to have had an other than temporary decline in fair value below its amortized cost basis. 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Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 9 -Article 5 truefalse8false0us-gaap_PropertyPlantAndEquipmentNetus-gaaptruedebitinstantNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1truefalsefalse262569000262569falsefalsefalsefalsefalse2truefalsefalse267928000267928falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryTangible assets that are held by an entity for use in the production or supply of goods and services, for rental to others, or for administrative purposes and that are expected to provide economic benefit for more than one year; net of accumulated depreciation. 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available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsefalsefalseOtherxbrli:stringItemTypestringNo definition available.falsefalse3false0us-gaap_IncomeTaxDisclosureTextBlockus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1falsefalsefalse00<table style="font-size:10pt; font-family:'Times New Roman',times,serif;"> <tr> <td> <p style="FONT-FAMILY: times"><font size="2"><b>NOTE 3&#151;INCOME TAXES</b></font></p> <p style="FONT-FAMILY: times"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At the end of each interim period, the Company makes its best estimate of the annual expected effective tax rate and applies that rate to its ordinary year-to-date earnings or loss. The income tax provision or benefit related to significant, unusual, or extraordinary items, if applicable, that will be separately reported or reported net of their related tax effect are individually computed and recognized in the interim period in which those items occur. In addition, the effect of changes in enacted tax laws or rates, tax status, or judgment on the realizability of a beginning-of-the-year deferred tax asset in future years is recognized in the interim period in which the change occurs. </font></p> <p style="FONT-FAMILY: times"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The computation of the annual expected effective tax rate at each interim period requires certain estimates and assumptions including, but not limited to, the expected pre-tax income (or loss) for the year, projections of the proportion of income (and/or loss) earned and taxed in foreign jurisdictions, permanent and temporary differences, and the likelihood of the realizability of deferred tax assets generated in the current year. The accounting estimates used to compute the provision or benefit for income taxes may change as new events occur, more experience is acquired, additional information is obtained or our tax environment changes. To the extent that the expected annual effective tax rate changes during a quarter, the effect of the change on prior quarters is included in income tax provision for the quarter in which the change occurs. </font></p> <p style="FONT-FAMILY: times"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For the three months ended March&nbsp;31, 2011, the Company recorded an income tax provision for continuing operations of $16.0&nbsp;million, which represents an effective tax rate of 44%. The tax rate for the three months ended March&nbsp;31, 2011 is higher than the federal statutory rate of 35% due principally to interest for income tax contingencies and state taxes, partially offset by foreign income taxed at lower rates. For the three months ended March&nbsp;31, 2010, the Company recorded an income tax provision for continuing operations of $6.1&nbsp;million on a pre-tax loss of $8.5&nbsp;million. The continuing operations income tax provision, despite a pre-tax loss, is due principally to a valuation allowance on the deferred tax asset created by the impairment charge for our investment in The HealthCentral Network,&nbsp;Inc. ("HealthCentral"), interest on income tax contingencies and state taxes. </font></p> <p style="FONT-FAMILY: times"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At March&nbsp;31, 2011 and December&nbsp;31, 2010, unrecognized tax benefits, including interest, are $490.2&nbsp;million and $487.6&nbsp;million, respectively. Of the total unrecognized tax benefits at March&nbsp;31, 2011, $478.2&nbsp;million is included in "non-current income taxes payable," $11.9&nbsp;million relates to deferred tax assets included in "other non-current assets" and $0.1&nbsp;million is included in "accrued expenses and other current liabilities." Included in unrecognized tax benefits at March&nbsp;31, 2011 is $98.4&nbsp;million relating to tax positions for which the ultimate deductibility is highly certain but for which there is uncertainty about the timing of such deductibility. If unrecognized tax benefits at March&nbsp;31, 2011 are subsequently recognized, $106.1&nbsp;million and $208.7&nbsp;million, net of related deferred tax assets and interest, would reduce income tax provision for continuing operations and discontinued operations, respectively. In addition, a continuing operations income tax provision of $4.3&nbsp;million would be required upon the subsequent recognition of unrecognized tax benefits for an increase in the Company's valuation allowance against certain deferred tax assets. </font></p> <p style="FONT-FAMILY: times"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company recognizes interest and, if applicable, penalties related to unrecognized tax benefits in income tax provision. Included in income tax provision for continuing operations and discontinued operations for the three months ended March&nbsp;31, 2011 is a $2.1&nbsp;million expense and a $1.5&nbsp;million expense, respectively, net of related deferred taxes of $1.3&nbsp;million and $0.9&nbsp;million, respectively, for interest on unrecognized tax benefits. At March&nbsp;31, 2011 and December&nbsp;31, 2010, the Company has accrued $103.6&nbsp;million and $97.7&nbsp;million, respectively, for the payment of interest. At March&nbsp;31, 2011 and December&nbsp;31, 2010, the Company has accrued $5.0&nbsp;million for penalties. </font></p> <p style="FONT-FAMILY: times"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company is routinely under audit by federal, state, local and foreign authorities in the area of income tax. These audits include questioning the timing and the amount of income and deductions and the allocation of income and deductions among various tax jurisdictions. The Internal Revenue Service ("IRS") has completed its review of the Company's tax returns for the years ended December&nbsp;31, 2001 through 2003 and the proposed settlement has been submitted to the Joint Committee of Taxation for approval. The IRS is currently examining the Company's tax returns for the years ended December&nbsp;31, 2004 through 2006. The statute of limitations for the years 2001 through 2006 has currently been extended to December&nbsp;31, 2012. Various state, local and foreign jurisdictions are currently under examination, the most significant of which are California, New York and New York City for various tax years beginning with December&nbsp;31, 2003. Income taxes payable include reserves considered sufficient to pay assessments that may result from examination of prior year tax returns. Changes to reserves from period to period and differences between amounts paid, if any, upon resolution of issues raised in audits and amounts previously provided may be material. Differences between the reserves for income tax contingencies and the amounts owed by the Company are recorded in the period they become known. The Company believes that it is reasonably possible that its unrecognized tax benefits could decrease by $64.3&nbsp;million within twelve months of the current reporting date, of which approximately $15.7&nbsp;million could decrease income tax provision, primarily due to settlements, expirations of statutes of limitation, and the reversal of deductible temporary differences that will primarily result in a corresponding decrease in net deferred tax assets. An estimate of other changes in unrecognized tax benefits, while potentially significant, cannot be made.</font></p></td></tr></table> NOTE 3&#151;INCOME TAXES &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At the end of each interim period, the Company makes its best estimate of the annualfalsefalsefalsefalsefalseOtherus-types:textBlockItemTypestringDescription containing the entire income tax disclosure. Examples include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. 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