GOODWILL AND INTANGIBLE ASSETS

12 Months Ended

Dec. 31, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and intangible assets, net are as follows:



	December 31,
	2016		2015
	(In thousands)
Goodwill	$	1,924,052	$	2,245,364
Intangible assets with indefinite lives	320,645		380,137
Intangible assets with definite lives, net	34,806		60,691
Total goodwill and intangible assets, net	$	2,279,503	$	2,686,192

The following table presents the balance of goodwill by reportable segment, including the changes in the carrying value of goodwill, for the year ended December 31, 2016:



	Balance at December 31, 2015		Additions		(Deductions)			Impairment			Foreign Exchange Translation			Balance at December 31, 2016
	(In thousands)
Match Group	$	1,293,109	$	603	$	(3,063	)	$	—		$	(9,689	)	$	1,280,960
HomeAdvisor	150,251		21,985		—			—			(1,625		)	170,611
Video	15,590		9,649		—			—			—			25,239
Applications	447,242		—		—			—			—			447,242
Publishing	277,192		—		(1,968		)	(275,367		)	143			—
Other	61,980		—		(62,780		)	—			800			—
Total	$	2,245,364	$	32,237	$	(67,811	)	$	(275,367	)	$	(10,371	)	$	1,924,052

The December 31, 2016 goodwill balance reflects accumulated impairment losses of $598.0 million, $529.1 million and $11.6 million at Publishing, Applications and Connected Ventures (included in the Video segment), respectively.

The additions primarily relate to the acquisitions of MyHammer Holding AG (included in the HomeAdvisor segment) and VHX (included in the Video segment). The deductions primarily relate to the sales of PriceRunner and ShoeBuy (both included in the Other segment). See "Note 2—Summary of Significant Accounting Policies" for information on the 2016 impairment charge at Publishing.

The following table presents the balance of goodwill by reportable segment, including the changes in the carrying value of goodwill, for the year ended December 31, 2015:



	Balance at December 31, 2014		Additions		Impairment			Foreign Exchange Translation			Allocation of IAC's former Search & Applications Segment Goodwill Based on Relative Fair Value			Balance at December 31, 2015
	(In thousands)
Search & Applications ^(a)	$	774,822	$	1,450	$	—		$	(1,230	)	$	(775,042	)	$	—

Match Group	791,474		547,910		—			(46,275		)	—			1,293,109
HomeAdvisor	151,321		—		—			(1,070		)	—			150,251
Video	15,590		—		—			—			—			15,590
Applications	—		—		—			—			447,242			447,242
Publishing	—		3,504		—			963			272,725			277,192
Other	21,719		—		(14,056		)	(758		)	55,075			61,980
Total	$	1,754,926	$	552,864	$	(14,056	)	$	(48,370	)	$	—		$	2,245,364

________________________

(a)

Prior to the fourth quarter of 2015, Search & Applications was a reportable segment consisting of one operating segment and one reporting unit. In the fourth quarter of 2015, Search &Applications was split into three new operating segments and reporting units: Applications, Publishing and PriceRunner (included in the Other segment). The goodwill of Search & Applications was allocated to these three reporting units based upon their relative fair values as of October 1, 2015. It was not possible to reflect this allocation on a retrospective basis because of acquisitions and dispositions during the three years in the period ended December 31, 2015.

The additions primarily relate to Match Group's acquisitions of PlentyOfFish and Eureka. See "Note 2—Summary of Significant Accounting Policies" for information on the 2015 impairment charge at ShoeBuy.

The December 31, 2015 goodwill balance includes accumulated impairment losses of $529.1 million, $322.6 million and $65.2 million, which were re-allocated from the former Search & Applications segment, to Applications, Publishing and PriceRunner, respectively, based on their relative fair values as of October 1, 2015 following the change in reportable segments that occurred during the fourth quarter of 2015. The goodwill balance at December 31, 2015 also includes accumulated impairment losses of $42.1 million and $11.6 million at ShoeBuy (included in the Other segment) and Connected Ventures (included in the Video segment), respectively.

Intangible assets with indefinite lives are trade names and trademarks acquired in various acquisitions. During the second quarter of 2016, the Company changed the classification of certain intangibles from indefinite-lived to definite-lived at Publishing. At December 31, 2016 and 2015, intangible assets with definite lives are as follows:



	December 31, 2016
	Gross Carrying Amount		Accumulated Amortization			Net		Weighted-Average Useful Life (Years)
	(In thousands)
Trade names	$	63,855	$	(52,927	)	$	10,928	1.8
Technology	38,602		(27,667		)	10,935		3.4
Content	14,802		(8,965		)	5,837		4.3
Customer lists	12,485		(9,997		)	2,488		3.7
Advertiser and supplier relationships and other	7,230		(2,612		)	4,618		4.5
Total	$	136,974	$	(102,168	)	$	34,806	2.8



	December 31, 2015
	Gross Carrying Amount		Accumulated Amortization			Net		Weighted-Average Useful Life (Years)
	(In thousands)
Trade names	$	32,123	$	(26,268	)	$	5,855	2.5
Technology	55,487		(37,012		)	18,475		3.2
Content	62,082		(48,937		)	13,145		4.1
Customer lists	28,836		(13,078		)	15,758		2.1
Advertiser and supplier relationships and other	15,709		(8,251		)	7,458		4.2
Total	$	194,237	$	(133,546	)	$	60,691	3.3

At December 31, 2016, amortization of intangible assets with definite lives for each of the next five years is estimated to be as follows:



Years Ending December 31,	(In thousands)
2017	$	23,815
2018	6,922
2019	2,866
2020	1,203
Total	$	34,806

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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