|
GOODWILL AND INTANGIBLE ASSETS (Tables)
|
12 Months Ended |
|
Dec. 31, 2014
|
| Goodwill and Intangible Assets Disclosure [Abstract] |
|
| Schedule of goodwill and intangible assets, net |
Goodwill and intangible assets, net are as follows: | | | | | | | | | | December 31, | | 2014 | | 2013 | | (In thousands) | Goodwill | $ | 1,754,926 |
| | $ | 1,675,323 |
| Intangible assets with indefinite lives | 405,234 |
| | 376,329 |
| Intangible assets with definite lives, net | 86,702 |
| | 69,007 |
| Total goodwill and intangible assets, net | $ | 2,246,862 |
| | $ | 2,120,659 |
|
|
| Schedule of goodwill by reporting unit, including the changes in the carrying value |
The following table presents the balance of goodwill by reporting unit, including the changes in the carrying value of goodwill, for the year ended December 31, 2014: | | | | | | | | | | | | | | | | | | | | | | Balance at
December 31, 2013 | | Additions | | (Deductions) | | Foreign
Exchange
Translation | | Balance at
December 31, 2014 | | (In thousands) | Search & Applications | $ | 738,062 |
| | $ | 71,616 |
| | $ | (33,510 | ) | | $ | (1,346 | ) | | $ | 774,822 |
| The Match Group | 775,403 |
| | 72,833 |
| | (1,931 | ) | | (47,508 | ) | | 798,797 |
| Media - Connected Ventures | 8,267 |
| | — |
| | — |
| | — |
| | 8,267 |
| eCommerce: | | | | | | | | | | HomeAdvisor | 131,872 |
| | 20,646 |
| | — |
| | (1,197 | ) | | 151,321 |
| ShoeBuy | 21,719 |
| | — |
| | — |
| | — |
| | 21,719 |
| Total eCommerce | 153,591 |
| | 20,646 |
| | — |
| | (1,197 | ) | | 173,040 |
| Total | $ | 1,675,323 |
| | $ | 165,095 |
| | $ | (35,441 | ) | | $ | (50,051 | ) | | $ | 1,754,926 |
|
Additions for Search & Applications and The Match Group primarily relate to the acquisitions of the ValueClick O&O website businesses and The Princeton Review, respectively. Deductions for Search & Applications principally relate to the sale of Urbanspoon. The following table presents the balance of goodwill by reporting unit, including the changes in the carrying value of goodwill, for the year ended December 31, 2013: | | | | | | | | | | | | | | | | | | | | | | | | | | Balance at
December 31, 2012 | | Additions | | (Deductions) | | Transfers | | Foreign
Exchange
Translation | | Balance at
December 31, 2013 | | (In thousands) | Search & Applications | $ | 723,650 |
| | $ | — |
| | $ | (160 | ) | | $ | 14,572 |
| | $ | — |
| | $ | 738,062 |
| The Match Group | 718,736 |
| | 62,464 |
| | (10,675 | ) | | — |
| | 4,878 |
| | 775,403 |
| Media - Connected Ventures | 8,267 |
| | — |
| | — |
| | — |
| | — |
| | 8,267 |
| eCommerce: | | | | | | | | | | | | HomeAdvisor | 111,658 |
| | 5,317 |
| | — |
| | 14,373 |
| | 524 |
| | 131,872 |
| CityGrid | 32,124 |
| | — |
| | (3,179 | ) | | (28,945 | ) | | — |
| | — |
| ShoeBuy | 21,719 |
| | — |
| | — |
| | — |
| | — |
| | 21,719 |
| Total eCommerce | 165,501 |
| | 5,317 |
| | (3,179 | ) | | (14,572 | ) | | 524 |
| | 153,591 |
| Total | $ | 1,616,154 |
| | $ | 67,781 |
| | $ | (14,014 | ) | | $ | — |
| | $ | 5,402 |
| | $ | 1,675,323 |
|
Additions and deductions for The Match Group primarily relate to the acquisition of Twoo and the establishment of a deferred tax asset at Tutor arising from pre-acquisition net operating losses, respectively. Transfers relate to the reorganization of CityGrid in the third quarter of 2013. |
| Schedule of intangible assets with definite lives |
Intangible assets with indefinite lives are trade names and trademarks acquired in various acquisitions. At December 31, 2014 and 2013, intangible assets with definite lives are as follows: | | | | | | | | | | | | | | | | December 31, 2014 | | Gross
Carrying
Amount | | Accumulated
Amortization | | Net | | Weighted-Average
Useful Life
(Years) | | (In thousands) | | | Content | $ | 62,602 |
| | $ | (36,988 | ) | | $ | 25,614 |
| | 4.1 | Technology | 54,981 |
| | (20,988 | ) | | 33,993 |
| | 3.2 | Trade names | 30,110 |
| | (21,681 | ) | | 8,429 |
| | 2.6 | Customer lists | 24,566 |
| | (14,050 | ) | | 10,516 |
| | 2.6 | Advertiser and supplier relationships and other | 13,380 |
| | (5,230 | ) | | 8,150 |
| | 4.0 | Total | $ | 185,639 |
| | $ | (98,937 | ) | | $ | 86,702 |
| | 3.4 |
| | | | | | | | | | | | | | | | December 31, 2013 | | Gross
Carrying
Amount | | Accumulated
Amortization | | Net | | Weighted-Average
Useful Life
(Years) | | (In thousands) | | | Content | $ | 47,800 |
| | $ | (22,373 | ) | | $ | 25,427 |
| | 4.0 | Technology | 41,694 |
| | (25,324 | ) | | 16,370 |
| | 2.9 | Trade names | 29,283 |
| | (16,427 | ) | | 12,856 |
| | 3.0 | Customer lists | 22,584 |
| | (13,116 | ) | | 9,468 |
| | 2.5 | Advertiser and supplier relationships | 10,956 |
| | (6,070 | ) | | 4,886 |
| | 2.9 | Total | $ | 152,317 |
| | $ | (83,310 | ) | | $ | 69,007 |
| | 3.2 |
|
| Schedule of expected amortization of intangible assets with definite lives |
At December 31, 2014, amortization of intangible assets with definite lives for each of the next five years and thereafter is estimated to be as follows: | | | | | Years Ending December 31, | (In thousands) | 2015 | $ | 44,262 |
| 2016 | 24,099 |
| 2017 | 13,441 |
| 2018 | 4,547 |
| 2019 | 353 |
| Total | $ | 86,702 |
|
|