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EARNINGS PER SHARE
 12 Months Ended
Dec. 31, 2013
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
EARNINGS PER SHARE
The following table sets forth the computation of basic and diluted earnings per share attributable to IAC shareholders.
 
Years Ended December 31,
 
2013
 
2012
 
2011
 
Basic
 
Diluted
 
Basic
 
Diluted
 
Basic
 
Diluted
 
(In thousands, except per share data)
Numerator:
 
 
 
 
 
 
 
 
 
 
 
Earnings from continuing operations
$
281,799

 
$
281,799

 
$
169,847

 
$
169,847

 
$
175,569

 
$
175,569

Net loss (earnings) attributable to noncontrolling interests
2,059

 
2,059

 
(1,530
)
 
(1,530
)
 
2,656

 
2,656

Earnings from continuing operations attributable to IAC shareholders
283,858

 
283,858

 
168,317

 
168,317

 
178,225

 
178,225

Earnings (loss) from discontinued operations attributable to IAC shareholders
1,926

 
1,926

 
(9,051
)
 
(9,051
)
 
(3,992
)
 
(3,992
)
Net earnings attributable to IAC shareholders
$
285,784

 
$
285,784

 
$
159,266

 
$
159,266

 
$
174,233

 
$
174,233

 
 
 
 
 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
 
 
 
 
Weighted average basic shares outstanding
83,480

 
83,480

 
86,247

 
86,247

 
86,755

 
86,755

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

 
3,262

 
—

 
6,842

 
—

 
7,566

Denominator for earnings per share—weighted average shares(a)(b)
83,480

 
86,742

 
86,247

 
93,089

 
86,755

 
94,321

 
 
 
 
 
 
 
 
 
 
 
 
Earnings (loss) per share attributable to IAC shareholders:
Earnings per share from continuing operations
$
3.40

 
$
3.27

 
$
1.95

 
$
1.81

 
$
2.05

 
$
1.89

Discontinued operations
0.02

 
0.02

 
(0.10
)
 
(0.10
)
 
(0.04
)
 
(0.04
)
Earnings per share
$
3.42

 
$
3.29

 
$
1.85

 
$
1.71

 
$
2.01

 
$
1.85

__________________________________________________________________

(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"). As of May 8, 2012, there are no warrants outstanding. For the years ended December 31, 2013, 2012 and 2011 approximately 0.4 million, 0.8 million and 1.0 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)
Performance-based stock units ("PSUs") are included in the denominator for earnings per share if (i) the applicable performance condition(s) has been met and (ii) the inclusion of the PSUs is dilutive for the respective reporting periods. For the year ended December 31, 2013, all PSUs that were considered to be probable of vesting are included in the calculation of diluted earnings per share as their performance conditions had been met. For the years ended December 31, 2012 and 2011 approximately 0.1 million and 3.1 million PSUs, respectively, that were probable of vesting were excluded from the calculation of diluted earnings per share because the performance conditions had not been met.