ServiceMagic 2014 Annual Report Download - page 80

Download and view the complete annual report

Please find page 80 of the 2014 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 144

  • 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

IAC/INTERACTIVECORP AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
NOTE 4—GOODWILL AND INTANGIBLE ASSETS
Goodwill and intangible assets, net are as follows:
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 :
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 :
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
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
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