v2.4.0.6
BUSINESS COMBINATIONS (Tables)
12 Months Ended
Dec. 31, 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  

Property and equipment

    9,269  

Goodwill

    313,314  

Intangible assets

    162,493  

Other assets

    40,800  
       

Total assets

    622,794  

Current liabilities

    (49,382 )

Current deferred tax liability

    (12,289 )

Other liabilities

    (2,575 )

Non-current deferred tax liabilities

    (52,377 )
       

Net assets

  $ 506,171  
       
Schedule of intangible assets acquired

 

 

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

Indefinite-lived trade names

  $ 129,438   Indefinite

Customer lists

    18,138   1

Technology

    14,917   2
         

Total

  $ 162,493    
         
Schedule of pro forma financial information

 

 

 
  Years Ended December 31,  
 
  2011   2010  
 
  (In thousands, except per share data)
 

Revenue

  $ 2,263,986   $ 1,853,199  

Net earnings attributable to IAC shareholders

    213,350     94,457  

Basic earnings per share attributable to IAC shareholders

    2.46     0.89  

Diluted earnings per share attributable to IAC shareholders

    2.26     0.89