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EARNINGS PER SHARE (Tables)
 3 Months Ended
Mar. 31, 2013
Earnings Per Share [Abstract]  
Computation of basic and diluted earnings per share
The following table sets forth the computation of basic and diluted earnings per share attributable to IAC shareholders.
 
Three Months Ended March 31,
 
2013
 
2012
 
Basic
 
Diluted
 
Basic
 
Diluted
 
(In thousands, except per share data)
Numerator:
 
 
 
 
 
 
 
Earnings from continuing operations
$
52,709

 
$
52,709

 
$
31,153

 
$
31,153

Net loss (earnings) attributable to noncontrolling interests
1,872

 
1,872

 
(359
)
 
(359
)
Earnings from continuing operations attributable to IAC shareholders
54,581

 
54,581

 
30,794

 
30,794

(Loss) earnings from discontinued operations attributable to IAC shareholders
(944
)
 
(944
)
 
3,684

 
3,684

Net earnings attributable to IAC shareholders
$
53,637

 
$
53,637

 
$
34,478

 
$
34,478

 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
Weighted average basic shares outstanding
84,218

 
84,218

 
82,801

 
82,801

Dilutive securities including stock options, warrants and RSUs(a)(b)
—

 
3,162

 
—

 
8,917

Denominator for earnings per share—weighted average shares(a)(b)
84,218

 
87,380

 
82,801

 
91,718

 
 
 
 
 
 
 
 
Earnings (loss) per share attributable to IAC shareholders:
 
 
 
 
 
 
 
Earnings per share from continuing operations
$
0.65

 
$
0.62

 
$
0.37

 
$
0.34

Discontinued operations
(0.01
)
 
(0.01
)
 
0.05

 
0.04

Earnings per share
$
0.64

 
$
0.61

 
$
0.42

 
$
0.38

____________________________________________
(a)
If the effect is dilutive, weighted average common shares outstanding include the incremental shares that would be issued upon the assumed exercise of stock options and warrants and vesting of restricted stock units ("RSUs") and performance-based stock units ("PSUs"). As of May 8, 2012, there are no warrants outstanding. For the three months ended March 31, 2013 and 2012, approximately 3.4 million and 2.7 million shares, respectively, related to potentially dilutive securities are excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive.

(b)
At March 31, 2013, there were approximately 0.1 million PSUs included in the calculation of diluted earnings per share, as their performance conditions have been met. Prior to September 30, 2012, no PSUs were included in diluted earnings per share. For the three months ended March 31, 2013 and 2012, approximately 0.1 million and 3.1 million PSUs are excluded from the calculation of diluted earnings per share.