EARNINGS PER SHARE

9 Months Ended

Sep. 30, 2014

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.

	Three Months Ended September 30,
	2014				2013
	Basic		Diluted		Basic		Diluted
	(In thousands, except per share data)
Numerator:
Earnings from continuing operations	$	150,261	$	150,261	$	91,721	$	91,721
Net loss attributable to noncontrolling interests	821		821		1,305		1,305
Earnings from continuing operations attributable to IAC shareholders	151,082		151,082		93,026		93,026
Earnings from discontinued operations attributable to IAC shareholders	175,730		175,730		3,914		3,914
Net earnings attributable to IAC shareholders	$	326,812	$	326,812	$	96,940	$	96,940
Denominator:
Weighted average basic shares outstanding	83,591		83,591		83,094		83,094
Dilutive securities including stock options and RSUs(a)	—		5,199		—		2,978
Denominator for earnings per share—weighted average shares(a)	83,591		88,790		83,094		86,072
Earnings per share attributable to IAC shareholders:
Earnings per share from continuing operations	$	1.81	$	1.70	$	1.12	$	1.08
Discontinued operations	2.10		1.98		0.05		0.05
Earnings per share	$	3.91	$	3.68	$	1.17	$	1.13

	Nine Months Ended September 30,
	2014				2013
	Basic		Diluted		Basic		Diluted
	(In thousands, except per share data)
Numerator:
Earnings from continuing operations	$	166,571	$	166,571	$	202,970	$	202,970
Net loss attributable to noncontrolling interests	4,082		4,082		3,995		3,995
Earnings from continuing operations attributable to IAC shareholders	170,653		170,653		206,965		206,965
Earnings from discontinued operations attributable to IAC shareholders	174,048		174,048		1,902		1,902
Net earnings attributable to IAC shareholders	$	344,701	$	344,701	$	208,867	$	208,867
Denominator:
Weighted average basic shares outstanding	83,088		83,088		83,636		83,636
Dilutive securities including stock options and RSUs(a)	—		5,167		—		3,032
Denominator for earnings per share—weighted average shares(a)	83,088		88,255		83,636		86,668
Earnings per share attributable to IAC shareholders:
Earnings per share from continuing operations	$	2.05	$	1.93	$	2.47	$	2.39
Discontinued operations	2.10		1.98		0.03		0.02
Earnings per share	$	4.15	$	3.91	$	2.50	$	2.41

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^(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 vesting of restricted stock units ("RSUs"). For both the three and nine months ended September 30, 2014, approximately 0.3 million shares related to potentially dilutive securities are excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive. For the three and nine months ended September 30, 2013, approximately 0.3 million and 0.7 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.