INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2012

Schedule of U.S. and foreign earnings (loss) from continuing operations before income taxes

U.S. and foreign earnings from continuing operations before income taxes are as follows:



	Years Ended December 31,
	2012		2011		2010
	(In thousands)
U.S.	$	214,675	$	142,623	$	20,603
Foreign	74,387		28,899		2,083
Total	$	289,062	$	171,522	$	22,686

Schedule of (benefit) provision for income taxes attributable to continuing operations

The components of the provision (benefit) for income taxes attributable to continuing operations are as follows:



	Years Ended December 31,
	2012			2011			2010
	(In thousands)
Current income tax provision (benefit):
Federal	$	56,439		$	49,450		$	27,271
State	9,204			(26,510		)	7,785
Foreign	16,496			8,496			3,097
Current income tax provision	82,139			31,436			38,153
Deferred income tax provision (benefit):
Federal	40,414			(23,293		)	(7,031		)
State	1,978			639			1,646
Foreign	(5,316		)	(12,829		)	(689		)
Deferred income tax provision (benefit)	37,076			(35,483		)	(6,074		)
Income tax provision (benefit)	$	119,215		$	(4,047	)	$	32,079

Schedule of tax effects of cumulative temporary differences that give rise to significant portions of deferred tax assets and deferred tax liabilities

The tax effects of cumulative temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities are presented below. The valuation allowance is related to items for which it is more likely than not that the tax benefit will not be realized.



	December 31,
	2012			2011
	(In thousands)
Deferred tax assets:
Accrued expenses	$	13,708		$	25,130
Net operating loss carryforwards	27,177			31,000
Tax credit carryforwards	5,095			10,518
Stock-based compensation	66,962			84,543
Income tax reserves, including related interest	60,596			57,016
Fair value investments	11,474			578
Equity method investments	13,809			12,850
Other	14,089			21,912
Total deferred tax assets	212,910			243,547
Less valuation allowance	(60,783		)	(45,084		)
Net deferred tax assets	152,127			198,463
Deferred tax liabilities:
Property and equipment	(6,018		)	(16,264		)
Investment in subsidiaries	(373,652		)	(374,282		)
Intangible and other assets	(60,830		)	(56,597		)
Other	(14,602		)	(11,437		)
Total deferred tax liabilities	(455,102		)	(458,580		)
Net deferred tax liability	$	(302,975	)	$	(260,117	)

Schedule of reconciliation of income tax (benefit) provision to amounts computed by applying statutory federal income tax rate to earnings (loss) from continuing operations before income taxes

A reconciliation of the income tax provision (benefit) to the amounts computed by applying the statutory federal income tax rate to earnings from continuing operations before income taxes is shown as follows:



	Years Ended December 31,
	2012			2011			2010
	(In thousands)
Income tax provision at the federal statutory rate of 35%	$	101,172		$	60,033		$	7,940
Reversal of deferred tax liability associated with investment in Meetic	—			(43,696		)	—
Change in tax reserves, net	17,703			(15,493		)	8,696
Foreign income taxed at a different statutory tax rate	(16,240		)	(11,774		)	(4,957		)
Net adjustment related to the reconciliation of income tax provision accruals to tax returns	(3,876		)	(7,298		)	(38		)
Federal valuation allowance on equity method investments	979			4,595			2,420
State income taxes, net of effect of federal tax benefit	7,650			5,592			5,310
Foreign tax credits	—			(1,076		)	(5,255		)
Non-deductible impairments of goodwill and intangible assets	—			—			13,661
Other, net	11,827			5,070			4,302
Income tax provision (benefit)	$	119,215		$	(4,047	)	$	32,079

Schedule of reconciliation of beginning and ending amount of unrecognized tax benefits, excluding interest

A reconciliation of the beginning and ending amount of unrecognized tax benefits, excluding interest, is as follows:



	December 31,
	2012			2011			2010
	(In thousands)
Balance at January 1	$	351,561		$	389,909		$	394,294
Additions based on tax positions related to the current year	6,278			1,749			3,060
Additions for tax positions of prior years	45,287			9,560			9,897
Reductions for tax positions of prior years	(17,545		)	(26,595		)	(13,164		)
Settlements	(5,349		)	(16,810		)	(1,025		)
Expiration of applicable statute of limitations	(951		)	(6,252		)	(3,153		)
Balance at December 31	$	379,281		$	351,561		$	389,909

- Definition

Tabular disclosure of tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities (i.e., uncertain tax positions) and other types of income tax contingencies, including: (1) the policy on classification of interest and penalties; (2) a tabular reconciliation of the total amounts of unrecognized tax benefits at the beginning and end of the period; the total amount(s) of: (3) unrecognized tax benefits that, if recognized, would affect the effective tax rate, and (4) interest and penalties recognized in each of the income statement and balance sheet; (5) for positions for which it is reasonably possible that the total amounts unrecognized will significantly change within 12 months of the reporting date the: (i) nature of the uncertainty, (ii) nature of the event that could occur that would cause the change, and (iii) an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made; and (6) a description of tax years that remain subject to examination by major tax jurisdictions.

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