ServiceMagic 2009 Annual Report Download - page 87

Download and view the complete annual report

Please find page 87 of the 2009 ServiceMagic annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 146

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146

Table of Contents
IAC/INTERACTIVECORP AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
NOTE 5—GOODWILL AND INTANGIBLE ASSETS (Continued)
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, 2008 (in thousands):
Additions principally relate to the acquisition of Lexico, which includes Dictionary.com and Thesaurus.com, on July 3, 2008. There are no
accumulated impairment losses at January 1, 2008.
Intangible assets with indefinite-lives relate to trade names and trademarks acquired in various acquisitions. At December 31, 2009,
intangible assets with definite lives relate to the following (in thousands):
At December 31, 2008, intangible assets with definite-lives relate to the following (in thousands):
79
Balance as of
January 1,
2008
Additions
(Deductions)
Impairment
Foreign
Exchange
Translation
Balance as of
December 31,
2008
IAC Search &
Media
1,349,084
103,033
(335
)
—
$
(
15
)
$
1,451,767
Citysearch
12,830
(3,509
)
—
—
9,330
Search
1,361,914
103,042
(3,844
)
—
(
15
)
1,461,097
Match
233,397
—
—
—
(
7,839
)
225,558
ServiceMagic
99,641
7,728
—
—
—
107,369
Shoebuy
49,744
—
—
—
—
49,744
InstantAction.com
27,159
4,875
(414
)
—
—
31,620
ReserveAmerica
30,900
—
—
—
(
5,485
)
25,415
Connected
Ventures
19,968
68
—
(
11,600
)
—
8,436
Gifts.com
1,056
—
—
—
—
1,056
Media & Other
128,827
4,943
(414
)
(11,600
)
(5,485
)
116,271
Total
1,823,779
115,713
(4,258
)
(11,600
)
$
(13,339
)
$
1,910,295
Cost Accumulated
Amortization Net
Weighted-Average
Amortization Life
(Years)
Technology
$
7,758
(5,229
)
$
2,529
3.5
Supplier agreements
17,020
(12,207
)
4,813
6.0
Customer lists
8,019
(6,494
)
1,525
1.2
Other
18,474
(11,906
)
6,568
3.5
Total
$
51,271
(35,836
)
$
15,435
Cost Accumulated
Amortization Net
Weighted-Average
Amortization Life
(Years)
Technology
$
113,599
(78,617
)
$
34,982
4.9
Supplier agreements
22,370
(10,302
)
12,068
6.0
Distribution agreements
4,600
(3,969
)
631
4.0
Customer lists
2,639
(2,472
)
167
1.8
Other
17,969
(16,374
)
1,595
2.8
Total
$
161,177
(111,734
)
$
49,443