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QUARTERLY RESULTS (UNAUDITED) (Tables)
 12 Months Ended
Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]  
Schedule of quarterly results
 
Quarter Ended
March 31(a)
 
Quarter Ended
June 30(a)(b)
 
Quarter Ended
September 30(a)(c)
 
Quarter Ended
December 31
 
(In thousands, except per share data)
Year Ended December 31, 2014
 
 
 
 
 
 
 
Revenue
$
740,247

 
$
756,315

 
$
782,231

 
$
830,754

Cost of revenue
209,234

 
210,730

 
224,695

 
238,517

Operating income
71,712

 
95,690

 
100,953

 
110,372

Earnings (loss) from continuing operations
34,305

 
(17,995
)
 
150,261

 
67,986

(Loss) earnings from discontinued operations, net of tax
(814
)
 
(868
)
 
175,730

 
625

Net earnings (loss)
33,491

 
(18,863
)
 
325,991

 
68,611

Net earnings (loss) attributable to IAC shareholders
35,885

 
(17,996
)
 
326,812

 
70,172

Per share information attributable to IAC shareholders:
Basic earnings (loss) per share from continuing operations(d)
$
0.44

 
$
(0.21
)
 
$
1.81

 
$
0.83

Diluted earnings (loss) per share from continuing operations(d)
$
0.42

 
$
(0.21
)
 
$
1.70

 
$
0.78

Basic earnings (loss) per share(d)
$
0.44

 
$
(0.22
)
 
$
3.91

 
$
0.84

Diluted earnings (loss) per share(d)
$
0.41

 
$
(0.22
)
 
$
3.68

 
$
0.78

 
 
 
 
 
 
 
 
 
Quarter Ended
March 31(a)
 
Quarter Ended
June 30(a)
 
Quarter Ended
September 30(a)
 
Quarter Ended
December 31(a)
 
(In thousands, except per share data)
Year Ended December 31, 2013
 
 
 
 
 
 
 
Revenue
$
742,249

 
$
799,411

 
$
756,872

 
$
724,455

Cost of revenue
257,474

 
273,938

 
249,888

 
222,421

Operating income
84,551

 
106,696

 
122,004

 
112,952

Earnings from continuing operations
52,709

 
58,540

 
91,721

 
78,829

(Loss) earnings from discontinued operations, net of tax
(944
)
 
(1,068
)
 
3,914

 
24

Net earnings
51,765

 
57,472

 
95,635

 
78,853

Net earnings attributable to IAC shareholders
53,637

 
58,290

 
96,940

 
76,917

Per share information attributable to IAC shareholders:
Basic earnings per share from continuing operations(d)
$
0.65

 
$
0.71

 
$
1.12

 
$
0.93

Diluted earnings per share from continuing operations(d)
$
0.62

 
$
0.69

 
$
1.08

 
$
0.88

Basic earnings per share(d)
$
0.64

 
$
0.70

 
$
1.17

 
$
0.93

Diluted earnings per share(d)
$
0.61

 
$
0.67

 
$
1.13

 
$
0.88

_______________________________________________________________________________

(a)
During the fourth quarter of 2014, certain expenses were reclassified between cost of revenue, selling and marketing expense, general and administrative expense and product development expense. Accordingly, cost of revenue presented above for periods prior to the fourth quarter of 2014 differs from the amounts reflected in the Company’s quarterly reports on Form 10-Q for the first, second and third quarters of 2014 and 2013 and for the fourth quarter of 2013 reflected in the Company's annual report on Form 10-K.

(b)
The second quarter of 2014 includes an after-tax other-than-temporary impairment charge of $63.6 million related to the write-down of a cost method investment to fair value.

(c)
(Loss) earnings from discontinued operations, net of tax, in the third quarter of 2014 includes the release of tax reserves as a result of the expiration of the statutes of limitations for federal income taxes for the years 2001 through 2009.

(d)
Quarterly per share amounts may not add to the related annual per share amount because of differences in the average common shares outstanding during each period