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Table of Contents
IAC/INTERACTIVECORP AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
NOTE 5—GOODWILL AND INTANGIBLE ASSETS (Continued)
The indefinite-lived and definite-lived intangible asset impairment charges are included in amortization of intangibles in the accompanying
consolidated statement of operations.
The balance of goodwill and intangible assets, net is as follows (in thousands):
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, 2010 (in thousands):
Additions principally relate to the acquisitions of Meetic's Latin American operations ("Parperfeito") on March 10, 2010, Singlesnet on
March 2, 2010 and DailyBurn.com on May 18, 2010. The December 31, 2010 goodwill balance includes accumulated impairment losses of
$916.9 million, $28.0 million and $11.6 million at IAC Search & Media, Shoebuy and Connected Ventures, respectively.
76
December 31,
2010
2009
Goodwill
$
989,493
$
967,735
Intangible assets with indefinite lives
237,021
245,737
Intangible assets with definite lives,
net
8,023
15,195
Total goodwill and intangible
assets, net
$
1,234,537
$
1,228,667
Balance as of
January 1,
2010
Additions
(Deductions)
Impairment
Foreign
Exchange
Translation
Balance as of
December 31,
2010
IAC Search &
Media
527,604
7,323
$
(923
)
$
—
$
—
$
534,004
CityGrid Media
17,450
—
—
—
—
17,450
Search
545,054
7,323
(923
)
—
—
551,454
Match
253,812
37,375
—
—
6,787
297,974
ServiceMagic
110,689
—
—
—
(
772
)
109,917
Shoebuy
49,744
—
—
(
28,032
)
—
21,712
Connected
Ventures
8,436
—
—
—
—
8,436
Media & Other
58,180
—
—
(
28,032
)
—
30,148
Total
967,735
44,698
$
(923
)
$
(28,032
)
$
6,015
$
989,493