CONSOLIDATED FINANCIAL STATEMENT DETAILS

9 Months Ended

Sep. 30, 2011

CONSOLIDATED FINANCIAL STATEMENT DETAILS

CONSOLIDATED FINANCIAL STATEMENT DETAILS

NOTE 2—CONSOLIDATED FINANCIAL STATEMENT DETAILS

Property and equipment, net

		September 30, 2011			December 31, 2010
		(In thousands)
Buildings and leasehold improvements		$	235,524		$	234,328
Computer equipment and capitalized software			198,415			183,055
Furniture and other equipment			42,554			41,930
Projects in progress			5,393			2,944
Land			5,117			5,117
			487,003			467,374
Less: accumulated depreciation and amortization			(227,000	)		(199,446	)
	Property and equipment, net	$	260,003		$	267,928

Redeemable noncontrolling interests

		September 30, 2011			December 31, 2010
		(In thousands)
Balance at January 1		$	59,869		$	28,180
Purchase of noncontrolling interests			(5,779	)		—
Noncontrolling interests related to the acquisition of a business contributed to a consolidated Latin American venture			—			20,250
Noncontrolling interests created by a decrease in the ownership of a subsidiary contributed to a consolidated Latin American venture			—			15,750
Decrease in redeemable noncontrolling interests in a consolidated Latin American venture, resulting from the acquisition of Meetic S.A. ("Meetic")			(37,917	)		—
Noncontrolling interests related to other acquisitions			—			3,333
Net earnings (loss) attributable to noncontrolling interests			1,278			(5,007	)
Change in fair value of redeemable noncontrolling interests			1,516			(2,059	)
Other			128			(578	)
	Balance at end of period	$	19,095		$	59,869

Accumulated other comprehensive income

		September 30, 2011			December 31, 2010
		(In thousands)
Foreign currency translation adjustment, net of tax		$	(7,574	)	$	16,027
Unrealized gains on available-for-sale securities, net of tax			19,711			1,519
	Accumulated other comprehensive income, net of tax	$	12,137		$	17,546

Total Shareholders' Equity

	IAC Shareholders' Equity			Noncontrolling Interests			Total Shareholders' Equity
	(In thousands)
Balance at January 1, 2011	$	2,050,068		$	—		$	2,050,068
Net earnings (loss)		125,467			(1,332	)		124,135
Change in foreign currency translation adjustment, net of tax		(23,601	)		(6,212	)		(29,813	)
Change in net unrealized gains on available-for-sale securities, net of tax		18,192			—			18,192
Purchase of treasury stock		(401,587	)		—			(401,587	)
Receipt of stock from Liberty Media Corporation		(2,923	)		—			(2,923	)
Issuance of common stock upon exercise of stock options, vesting of restricted stock units and other, net of withholding taxes		62,139			—			62,139
Income tax provision related to the exercise of stock options, vesting of restricted units and other		33,991			—			33,991
Non-cash compensation expense		65,403			421			65,824
Acquisition of Meetic		—			101,487			101,487
Change in fair value of redeemable noncontrolling interests		(1,516	)		—			(1,516	)
Balance at September 30, 2011	$	1,925,633		$	94,364		$	2,019,997

Other income, net

		Three Months Ended September 30,						Nine Months Ended September 30,
		2011			2010			2011			2010
		(In thousands)
Interest income		$	1,224		$	1,550		$	3,676		$	4,851
Interest expense			(1,425	)		(1,321	)		(4,135	)		(3,967	)
Gain on sales of investments			317			—			1,861			3,989
Non-income tax refunds related to Match Europe			—			—			4,630			—
Foreign currency exchange gains, net			3,748			371			4,050			292
Other			444			219			615			993
	Other income, net	$	4,308		$	819		$	10,697		$	6,158

Comprehensive income (loss)

	Three Months Ended September 30,						Nine Months Ended September 30,
	2011			2010			2011			2010
	(In thousands)
Net earnings	$	64,051		$	17,645		$	125,413		$	11,156
Change in foreign currency translation adjustment, net of tax		(39,675	)		1,195			(29,813	)		(12,468	)
Change in net unrealized (losses) gains on available-for-sale securities, net of tax		(16,624	)		3,636			18,192			(4,106	)
Other comprehensive (loss) income		(56,299	)		4,831			(11,621	)		(16,574	)
Comprehensive income (loss)		7,752			22,476			113,792			(5,418	)
Net loss (earnings) attributable to noncontrolling interests		922			(136	)		54			1,239
Change in foreign currency translation adjustment, net of tax, attributable to noncontrolling interests		6,212			—			6,212			—
Comprehensive loss (income) attributable to noncontrolling interests		7,134			(136	)		6,266			1,239
Comprehensive income (loss) attributable to IAC shareholders	$	14,886		$	22,340		$	120,058		$	(4,179	)

        The amount of unrealized gains and losses reclassified out of accumulated other comprehensive income into earnings, as a component of other income, net, is based on the specific identification method. Unrealized gains, net of tax, reclassified out of accumulated other comprehensive income into other income, net related to the maturities and sales of available-for-sale securities for the three and nine months ended September 30, 2011 were $0.6 million and $2.0 million, respectively. Unrealized gains, net of tax, reclassified out of accumulated other comprehensive income into other income, net related to the maturities and sales of available-for-sale securities for the three and nine months ended September 30, 2010 were $0.2 million and $2.9 million, respectively.