XML 38 R35.htm IDEA: XBRL DOCUMENT v2.4.0.6
BUSINESS COMBINATIONS (Details)
Share data in Millions, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 3 Months Ended
Sep. 30, 2011
USD ($)
Sep. 30, 2010
USD ($)
Sep. 30, 2011
USD ($)
Sep. 30, 2010
USD ($)
Dec. 31, 2010
USD ($)
Dec. 31, 2009
Sep. 30, 2011
Customer lists
USD ($)
Dec. 31, 2010
Customer lists
USD ($)
Sep. 30, 2011
Technology
USD ($)
Dec. 31, 2010
Technology
USD ($)
Sep. 30, 2011
Match
USD ($)
Sep. 30, 2010
Match
USD ($)
Sep. 30, 2011
Match
USD ($)
Sep. 30, 2010
Match
USD ($)
Sep. 30, 2011
Meetic
USD ($)
Sep. 30, 2011
Meetic
USD ($)
Sep. 30, 2011
Meetic
Match
USD ($)
Sep. 30, 2011
Meetic
Match
EUR (€)
Sep. 30, 2010
Meetic
Match
USD ($)
Sep. 30, 2011
Meetic
Match
USD ($)
Sep. 30, 2010
Meetic
Match
USD ($)
Dec. 31, 2009
Meetic
Match
Sep. 30, 2011
Meetic
Match
Customer lists
USD ($)
year
Sep. 30, 2011
Meetic
Match
Technology
USD ($)
year
Sep. 30, 2011
Meetic
Match
Indefinite-lived trade names
USD ($)
Sep. 30, 2011
OkCupid
Match
USD ($)
Jan. 20, 2011
OkCupid
Match
USD ($)
Business Combination                                                      
Ownership interest acquired (as a percent)           27.00%                               27.00%          
Shares acquired (in shares)                                 12.5 12.5   12.5              
Cash paid for acquisition of shares                                                     $ 50,000,000
Voting interest (as a percent)                                 79.00% 79.00%   79.00%              
Ownership interest (as a percent)                                 81.00% 81.00%   81.00%              
Revenue 516,884,000 412,966,000 1,462,501,000 1,185,388,000             132,328,000 106,197,000 360,354,000 292,433,000 11,100,000 11,100,000                      
Write-off of deferred revenue                             9,600,000 9,600,000                      
Net earnings (loss) 64,973,000 17,509,000 125,467,000 12,395,000                     (5,900,000) (5,900,000)                      
Loss on adjustment to fair value of a previously held equity method investment                                 (11,700,000)                    
Currency translation adjustments reclassified out of accumulated other comprehensive income to earnings                                 3,200,000                    
Percentage of interest of noncontrolling interests (as a percent)                                 19.00% 19.00%   19.00%              
Tender offer price (in euro per share)                                   € 15.00                  
Fair value at date of acquisition                                                      
Shares acquired pursuant to tender offer                                 272,032,000     272,032,000              
Equity method investment in Meetic                                 132,652,000     132,652,000              
Noncontrolling interests, including the fair value of unvested stock awards attributable to pre-acquisition services 101,487,000   101,487,000                           101,487,000     101,487,000              
Total                                 506,171,000     506,171,000              
Allocation of the purchase price                                                      
Cash and cash equivalents                                 74,562,000     74,562,000              
Other current assets                                 22,356,000     22,356,000              
Current deferred tax asset                                 13,742,000     13,742,000              
Property and equipment                                 9,269,000     9,269,000              
Goodwill                                 285,809,000     285,809,000              
Intangible assets                                 165,250,000     165,250,000              
Intangible assets with indefinite lives, net                                                 132,195,000    
Intangible assets with definite lives, net 37,980,000   37,980,000   8,023,000   15,737,000 236,000 14,604,000 1,283,000                         18,138,000 14,917,000      
Other assets                                 40,800,000     40,800,000              
Total assets                                 611,788,000     611,788,000              
Current liabilities                                 (49,382,000)     (49,382,000)              
Other liabilities                                 (2,575,000)     (2,575,000)              
Non-current deferred tax liabilities                                 (53,660,000)     (53,660,000)              
Net assets                                 506,171,000     506,171,000              
Weighted-Average Amortization Life (in years)                                             1 2      
Increase in ownership interest (as a percent)                               54.00%                      
Pro forma financial information                                                      
Revenue                                 567,821,000   473,339,000 1,643,132,000 1,336,389,000            
Net earnings (loss) attributable to IAC shareholders                                 80,836,000   23,569,000 148,779,000 (5,701,000)            
Basic earnings (loss) per share attributable to IAC shareholders (in dollars per share)                                 $ 0.96   $ 0.23 $ 1.69 $ (0.05)            
Diluted earnings (loss) per share attributable to IAC shareholders (in dollars per share)                                 $ 0.86   $ 0.22 $ 1.57 $ (0.05)            
Acquisition information                                                      
Purchase consideration paid in cash                                                     50,000,000
Maximum additional contingent payment                                                     40,000,000
Payment to the former owner                                                   30,000,000  
Potential additional payment to the former owner                                                   10,000,000  
Fair value of contingent consideration arrangement                                                   $ 10,000,000