ServiceMagic 2013 Annual Report Download - page 114

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IAC/INTERACTIVECORP AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Supplemental Disclosure of Non-Cash Transactions for 2011
The consideration for the acquisition of OkCupid on January 20, 2011 includes a contingent consideration arrangement.
Supplemental Disclosure of Cash Flow Information:
NOTE 19—RELATED PARTY TRANSACTIONS
Each of the Company and Expedia has a 50% ownership interest in an aircraft that may be used by both companies. In 2013, the Company
and Expedia completed the purchase of an additional aircraft in which each company has a 50% ownership interest. Members of both aircraft's
flight crew are employed by an entity in which each of the Company and Expedia has a 50% ownership interest. The Company and Expedia
have agreed to share costs relating to flight crew compensation and benefits pro-rata according to each company's respective usage of the
aircrafts, for which they are separately billed by the entity described above. The Company and Expedia are related parties since they are under
common control, given that Mr. Diller serves as Chairman and Senior Executive of both IAC and Expedia. For the years ended December 31,
2013 , 2012 and 2011 , total payments made to this entity by the Company were immaterial.
NOTE 20—BENEFIT PLANS
IAC has a retirement savings plan in the United States that qualifies under Section 401(k) of the Internal Revenue Code. Participating
employees may contribute up to 50% of their pre-tax earnings, but not more than statutory limits. IAC contributes fifty cents for each dollar a
participant contributes in this plan, with a maximum contribution of 3% of a participant's eligible earnings. Matching contributions for the plan
for the years ended December 31, 2013 , 2012 and 2011 are $6.5 million , $6.5 million and $5.0 million , respectively. Matching contributions
are invested in the same manner as each participant's voluntary contributions in the investment options provided under the plan. Investment
options in the plan include IAC common stock, but neither participant nor matching contributions are required to be invested in IAC common
stock.
IAC also has or participates in various benefit plans, principally defined contribution plans, for its international employees. IAC's
contributions for these plans for the years ended December 31, 2013 , 2012 and 2011 are $2.9 million , $2.3 million and $1.4 million ,
respectively. The increase in contributions in 2012 is primarily related to Meetic, consolidated beginning September 1, 2011.
82
Years Ended December 31,
2013
2012
2011
(In thousands)
Cash paid (received) during the year for:
Interest
$
28,705
$
5,214
$
5,128
Income tax payments
112,087
43,316
42,094
Income tax refunds
(17,683
)
(8,187
)
(3,609
)