GOODWILL AND INTANGIBLE ASSETS

6 Months Ended

Jun. 30, 2012

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):

	June 30, 2012		December 31, 2011
Goodwill	$	3,632	$	3,632
Intangible assets with indefinite lives	$	10,142	$	10,142
Intangible assets with definite lives, net		834		1,047
Total intangible assets, net	$	10,976	$	11,189

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

        At June 30, 2012, intangible assets with definite lives relate to the following (in thousands):

	Cost		Accumulated Amortization			Net		Weighted Average Amortization Life (Years)
Purchase agreements	$	50,411	$	(50,317	)	$	94		5.0
Technology		25,194		(25,106	)		88		3.0
Customer lists		6,682		(6,075	)		607		4.2
Other		1,516		(1,471	)		45		2.5
Total	$	83,803	$	(82,969	)	$	834

        At December 31, 2011, intangible assets with definite lives relate to the following (in thousands):

	Cost		Accumulated Amortization			Net		Weighted Average Amortization Life (Years)
Purchase agreements	$	50,411	$	(50,293	)	$	118		5.0
Technology		25,194		(25,034	)		160		3.0
Customer lists		6,682		(6,045	)		637		4.2
Other		1,516		(1,384	)		132		2.5
Total	$	83,803	$	(82,756	)	$	1,047

        Amortization of intangible assets with definite lives is computed on a straight-line basis and, based on June 30, 2012 balances, such amortization for the next five years is estimated to be as follows (in thousands):

	Amount
Six months ending December 31, 2012	$	145
Year ending December 31, 2013		147
Year ending December 31, 2014		86
Year ending December 31, 2015		60
Year ending December 31, 2016		60
Thereafter		336
Total	$	834