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BUSINESS COMBINATIONS (Tables)
9 Months Ended
Sep. 30, 2011
BUSINESS COMBINATIONS  
Schedule of fair value at date of acquisition

 
  (In thousands)  

Shares acquired pursuant to tender offer

  $ 272,032  

Equity method investment in Meetic

    132,652  

Noncontrolling interests, including the fair value of unvested stock awards attributable to pre-acquisition services

    101,487  
       

Total

  $ 506,171  
       
Schedule of allocation of the purchase price

 

 
  (In thousands)  

Cash and cash equivalents

  $ 74,562  

Other current assets

    22,356  

Current deferred tax asset

    13,742  

Property and equipment

    9,269  

Goodwill

    285,809  

Intangible assets

    165,250  

Other assets

    40,800  
       

Total assets

    611,788  

Current liabilities

    (49,382 )

Other liabilities

    (2,575 )

Non-current deferred tax liabilities

    (53,660 )
       

Net assets

  $ 506,171  
       
Schedule of intangible assets acquired

 

 
  (In thousands)   Weighted-Average
Amortization Life
(Years)

Indefinite-lived trade names

  $ 132,195   Indefinite

Customer lists

    18,138   1

Technology

    14,917   2
         
 

Total

  $ 165,250    
         
Schedule of pro forma financial information

 
  Three Months Ended
September 30,
  Nine Months Ended
September 30,
 
 
  2011   2010   2011   2010  
 
  (In thousands, except per share data)
 

Revenue

  $ 567,821   $ 473,339   $ 1,643,132   $ 1,336,389  

Net earnings (loss) attributable to IAC shareholders

    80,836     23,569     148,779     (5,701 )

Basic earnings (loss) per share attributable to IAC shareholders

  $ 0.96   $ 0.23   $ 1.69   $ (0.05 )

Diluted earnings (loss) per share attributable to IAC shareholders

  $ 0.86   $ 0.22   $ 1.57   $ (0.05 )