CONSOLIDATED FINANCIAL STATEMENT DETAILS

6 Months Ended

Jun. 30, 2011

CONSOLIDATED FINANCIAL STATEMENT DETAILS

CONSOLIDATED FINANCIAL STATEMENT DETAILS

NOTE 2—CONSOLIDATED FINANCIAL STATEMENT DETAILS

Property and equipment, net

		June 30, 2011			December 31, 2010
		(In thousands)
Buildings and leasehold improvements		$	234,606		$	234,328
Computer equipment and capitalized software			191,260			183,055
Furniture and other equipment			41,568			41,930
Projects in progress			6,116			2,944
Land			5,117			5,117
			478,667			467,374
Less: accumulated depreciation and amortization			(217,549	)		(199,446	)
	Property and equipment, net	$	261,118		$	267,928

Redeemable noncontrolling interests

		June 30, 2011			December 31, 2010
		(In thousands)
Balance at January 1		$	59,869		$	28,180
Purchase of non-controlling interests			(5,652	)		—
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			80			79
Net earnings (loss) attributable to noncontrolling interests			868			(5,007	)
Change in fair value of redeemable noncontrolling interests			1,389			(2,059	)
Change in foreign currency translation adjustment			126			(267	)
Other			(198	)		(390	)
	Balance at end of period	$	56,482		$	59,869

Accumulated other comprehensive income

		June 30, 2011		December 31, 2010
		(In thousands)
Foreign currency translation adjustment, net of tax		$	25,889	$	16,027
Unrealized gains on available-for-sale securities, net of tax			36,335		1,519
	Accumulated other comprehensive income, net of tax	$	62,224	$	17,546

Other income (expense), net

		Three Months Ended June 30,						Six Months Ended June 30,
		2011			2010			2011			2010
		(In thousands)
Interest income		$	1,150		$	1,666		$	2,452		$	3,301
Interest expense			(1,355	)		(1,323	)		(2,710	)		(2,646	)
Gain on sales of investments			698			—			1,544			3,989
Non-income tax refunds related to Match Europe, which was sold in 2009			4,630			—			4,630			—
Other			514			(240	)		473			695
	Other income, net	$	5,637		$	103		$	6,389		$	5,339

Comprehensive income (loss)

		Three Months Ended June 30,					Six Months Ended June 30,
		2011		2010			2011		2010
		(In thousands)
Net earnings (loss) attributable to IAC shareholders		$	42,424	$	13,591		$	60,494	$	(5,114	)
Change in foreign currency translation adjustment, net of tax			8,934		(8,990	)		9,862		(13,663	)
Change in net unrealized gains (losses) on available-for-sale securities, net of tax			32,447		(2,533	)		34,816		(7,742	)
Other comprehensive income (loss)			41,381		(11,523	)		44,678		(21,405	)
	Comprehensive income (loss)	$	83,805	$	2,068		$	105,172	$	(26,519	)

        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 and six months ended June 30, 2011 were $1.3 million and $1.4 million, respectively. 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 and six months ended June 30, 2010 were less than $0.1 million and $2.7 million, respectively.