GOODWILL AND INTANGIBLE ASSETS

9 Months Ended

Sep. 30, 2011

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS

NOTE 3—GOODWILL AND INTANGIBLE ASSETS

        The balance of goodwill and intangible assets, net is as follows (in thousands):

		September 30, 2011		December 31, 2010
Goodwill		$	3,632	$	3,632
Intangible assets with indefinite lives		$	39,142	$	39,142
Intangible assets with definite lives, net			1,153		2,177
	Total intangible assets, net	$	40,295	$	41,319

        Intangible assets with indefinite lives relate principally to the LendingTree trademarks.

        At September 30, 2011, intangible assets with definite lives relate to the following (in thousands):

		Cost		Accumulated Amortization			Net		Weighted Average Amortization Life (Years)
Purchase agreements		$	50,436	$	(50,306	)	$	130		5.0
Technology			25,194		(24,998	)		196		3.0
Customer lists			6,682		(6,030	)		652		4.2
Other			1,517		(1,342	)		175		2.5
	Total	$	83,829	$	(82,676	)	$	1,153

        At December 31, 2010, intangible assets with definite lives relate to the following (in thousands):

		Cost		Accumulated Amortization			Net		Weighted Average Amortization Life (Years)
Purchase agreements		$	50,436	$	(50,271	)	$	165		5.0
Technology			26,091		(25,438	)		653		3.0
Customer lists			6,682		(5,986	)		696		4.1
Other			1,609		(946	)		663		2.5
	Total	$	84,818	$	(82,641	)	$	2,177

        Amortization of intangible assets with definite lives is computed on a straight-line basis and, based on September 30, 2011 balances, such amortization for the next five years is estimated to be as follows (in thousands):

		Amount
Three months ending December 31, 2011		$	107
Year ending December 31, 2012			363
Year ending December 31, 2013			143
Year ending December 31, 2014			84
Year ending December 31, 2015			60
Thereafter			396
	Total	$	1,153