GOODWILL AND INTANGIBLE ASSETS

9 Months Ended

Sep. 30, 2012

Goodwill and Intangible Assets Disclosure [Abstract]

The balance of goodwill and intangible assets, net is as follows:



	September 30, 2012		December 31, 2011
	(In thousands)
Goodwill	$	1,556,833	$	1,358,524
Intangible assets with indefinite lives	388,031		351,488
Intangible assets with definite lives, net	103,454		26,619
Total goodwill and intangible assets, net	$	2,048,318	$	1,736,631

The following table presents the balance of goodwill by reporting unit, including the changes in the carrying value of goodwill, for the nine months ended September 30, 2012:



	Balance as of December 31, 2011		Additions		(Deductions)			Foreign Exchange Translation			Balance as of September 30, 2012
	(In thousands)
IAC Search & Media	$	526,444	$	182,969	$	(218	)	$	—		$	709,195
Search & Applications	526,444		182,969		(218		)	—			709,195
Match	667,073		13,347		(3,163		)	(10,216		)	667,041
HomeAdvisor	109,947		1,880		—			(383		)	111,444
CityGrid Media	17,751		14,093		—			—			31,844
Local	127,698		15,973		—			(383		)	143,288
Connected Ventures	8,267		—		—			—			8,267
DailyBurn	7,323		—		—			—			7,323
Media	15,590		—		—			—			15,590
Shoebuy	21,719		—		—			—			21,719
Other	21,719		—		—			—			21,719
Total	$	1,358,524	$	212,289	$	(3,381	)	$	(10,599	)	$	1,556,833

Additions primarily relate to the acquisition of The About Group. Both the December 31, 2011 and September 30, 2012 goodwill balances include accumulated impairment losses of $916.9 million, $28.0 million and $11.6 million at IAC Search & Media, Shoebuy and Connected Ventures, respectively.

Intangible assets with indefinite lives are trade names and trademarks acquired in various acquisitions. At September 30, 2012, intangible assets with definite lives are as follows:



	Cost		Accumulated Amortization			Net		Weighted-Average Amortization Life (Years)
	(In thousands)
Content	$	48,400	$	—		$	48,400	4.0
Technology	38,895		(8,146		)	30,749		3.0
Customer lists	22,767		(17,363		)	5,404		1.2
Advertiser and supplier relationships	17,046		(6,469		)	10,577		4.3
Other	13,662		(5,338		)	8,324		8.3
Total	$	140,770	$	(37,316	)	$	103,454	3.7

At December 31, 2011, intangible assets with definite lives are as follows:



	Cost		Accumulated Amortization			Net		Weighted-Average Amortization Life (Years)
	(In thousands)
Customer lists	$	18,050	$	(8,837	)	$	9,213	1.0
Technology	16,145		(3,858		)	12,287		2.2
Supplier relationships	8,946		(5,298		)	3,648		6.4
Other	6,063		(4,592		)	1,471		3.4
Total	$	49,204	$	(22,585	)	$	26,619	2.6

Amortization of intangible assets with definite lives is computed either on a straight-line basis or based on the period in which the economic benefits of the asset will be realized. At September 30, 2012, amortization of intangible assets with definite lives for each of the next five years and thereafter is estimated to be as follows:



	(In thousands)
Remainder of 2012	$	11,500
2013	38,943
2014	25,844
2015	16,551
2016	6,467
2017	1,426
Thereafter	2,723
Total	$	103,454

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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