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CONSOLIDATED STATEMENT OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Revenue $ 782,231 $ 756,872 $ 2,278,793 $ 2,298,532
Operating costs and expenses:        
Cost of revenue (exclusive of depreciation shown separately below) 226,192 248,856 646,486 777,527
Selling and marketing expense 276,623 248,282 848,121 738,349
General and administrative expense 108,193 75,977 312,728 275,216
Product development expense 39,686 35,232 117,059 104,401
Depreciation 14,133 13,489 44,208 44,541
Amortization of intangibles 16,451 13,032 41,836 45,247
Total operating costs and expenses 681,278 634,868 2,010,438 1,985,281
Operating income 100,953 122,004 268,355 313,251
Equity in losses of unconsolidated affiliates (612) (3,253) (9,397) (4,422)
Interest expense (14,009) (7,623) (42,119) (22,944)
Other income (expense), net 4,113 16,719 (58,810) 18,373
Earnings from continuing operations before income taxes 90,445 127,847 158,029 304,258
Income tax benefit (provision) 59,816 (36,126) 8,542 (101,288)
Earnings from continuing operations 150,261 91,721 166,571 202,970
Earnings from discontinued operations, net of tax 175,730 3,914 174,048 1,902
Net earnings 325,991 95,635 340,619 204,872
Net loss attributable to noncontrolling interests 821 1,305 4,082 3,995
Net earnings attributable to IAC shareholders 326,812 96,940 344,701 208,867
Per share information attributable to IAC shareholders:        
Basic earnings per share from continuing operations (in dollars per share) $ 1.81 $ 1.12 $ 2.05 $ 2.47
Diluted earnings per share from continuing operations (in dollars per share) $ 1.70 $ 1.08 $ 1.93 $ 2.39
Basic earnings per share (in dollars per share) $ 3.91 $ 1.17 $ 4.15 $ 2.50
Diluted earnings per share (in dollars per share) $ 3.68 $ 1.13 $ 3.91 $ 2.41
Dividends declared per share (in dollars per share) $ 0.34 $ 0.24 $ 0.82 $ 0.72
Non-cash compensation expense by function:        
Total non-cash compensation expense 17,332 14,365 43,497 38,848
Cost of revenue
       
Non-cash compensation expense by function:        
Total non-cash compensation expense 453 700 904 2,001
Selling and marketing expense
       
Non-cash compensation expense by function:        
Total non-cash compensation expense 775 820 1,628 2,000
General and administrative expense
       
Non-cash compensation expense by function:        
Total non-cash compensation expense 14,094 11,478 35,753 31,685
Product development expense
       
Non-cash compensation expense by function:        
Total non-cash compensation expense $ 2,010 $ 1,367 $ 5,212 $ 3,162