v2.4.0.6

COMMITMENTS | 12 Months Ended
--- | ---
Dec. 31, 2011
COMMITMENTS |
COMMITMENTS |
NOTE 16—COMMITMENTS The Company leases land, office space, data center facilities and equipment used in connection with its operations under various operating leases, many of which contain escalation clauses. The Company is also committed to pay a portion of the related operating expenses under the data center lease agreement. These operating expenses are not included in the table below. Future minimum payments under operating lease agreements are as follows:
Years Ending December 31, |  | (In thousands) |
--- | --- | --- | ---
2012 |  | $ | 22,209 |
2013 |  |  | 19,515 |
2014 |  |  | 15,494 |
2015 |  |  | 13,685 |
2016 |  |  | 13,287 |
Thereafter |  |  | 196,098 |
Total |  | $ | 280,288 |
Expenses charged to operations under these agreements were $31.3 million, $31.1 million and $26.4 million for the years ended December 31, 2011, 2010 and 2009, respectively. The Company's most significant operating lease is a 77 year ground lease for IAC's headquarters building in New York City and approximates 66% of the future minimum payments due under all operating lease agreements in the table above. The Company also has funding commitments that could potentially require its performance in the event of demands by third parties or contingent events, such as under letters of credit extended as follows:
|  | Amount of Commitment Expiration Per Period |
--- | --- | --- | ---
|  | Total Amounts Committed |  | Less Than 1 Year |  | 1-3 Years |  | 3-5 Years |  | More Than 5 Years |
|  | (In thousands) |
Guarantee and letters of credit |  | $ | 8,676 |  | $ | 8,676 |  | $ | — |  | $ | — |  | $ | — |
Purchase obligations |  |  | 55,757 |  |  | 19,394 |  |  | 31,697 |  |  | 4,666 |  |  | — |
Total commercial commitments |  | $ | 64,433 |  | $ | 28,070 |  | $ | 31,697 |  | $ | 4,666 |  | $ | — |
The guarantee relates to the Company's guarantee of an equity method investee's debt. The letters of credit support the Company's casualty insurance program. The purchase obligations primarily include advertising commitments, which commitments are reducible or terminable such that these commitments can never exceed associated revenue by a meaningful amount. Purchase obligations also include minimum payments due under telecommunication contracts related to data transmission lines.

X
- Details
Name: | iaci_CommitmentsDisclosureAbstract
Namespace Prefix: | iaci_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for significant arrangements with third parties, which includes operating lease arrangements and arrangements in which the entity has agreed to expend funds to procure goods or services, or has agreed to commit resources to supply goods or services, and operating lease arrangements. Descriptions may include identification of the specific goods and services, period of time covered, minimum quantities and amounts, and cancellation rights. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.25) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.17) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 25 -Article 5 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03.(a)(19)) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 17 -Article 9 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Article 7 -Section 03 -Paragraph 19 + Details
Name: | us-gaap_CommitmentsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration