SEGMENT INFORMATION

6 Months Ended

Jun. 30, 2015

Segment Reporting [Abstract]

SEGMENT INFORMATION

SEGMENT INFORMATION

The overall concept that IAC employs in determining its operating segments is to present the financial information in a manner consistent with how the chief operating decision maker views the businesses, how the businesses are organized as to segment management, and the focus of the businesses with regards to the types of services or products offered or the target market. Operating segments are combined for reporting purposes if they meet certain aggregation criteria, which principally relate to the similarity of their economic characteristics or, in the case of the eCommerce reportable segment, do not meet the quantitative thresholds that require presentation as separate operating segments.

	Three Months Ended June 30,						Six Months Ended June 30,
	2015			2014			2015			2014
	(In thousands)
Revenue:
Search & Applications	$	351,366		$	395,716		$	734,264		$	793,751
The Match Group	254,690			214,314			493,901			425,501
Media	36,210			36,656			79,822			73,011
eCommerce	128,986			109,949			235,996			204,791
Inter-segment eliminations	(120		)	(320		)	(339		)	(492		)
Total	$	771,132		$	756,315		$	1,543,644		$	1,496,562

	Three Months Ended June 30,						Six Months Ended June 30,
	2015			2014			2015			2014
	(In thousands)
Operating Income (Loss):
Search & Applications	$	68,592		$	77,771		$	132,892		$	148,108
The Match Group	51,441			61,198			76,753			101,001
Media	(13,775		)	(9,794		)	(29,127		)	(18,360		)
eCommerce	(1,004		)	8			(7,858		)	(1,553		)
Corporate	(42,485		)	(33,493		)	(74,772		)	(61,794		)
Total	$	62,769		$	95,690		$	97,888		$	167,402

	Three Months Ended June 30,						Six Months Ended June 30,
	2015			2014			2015			2014
	(In thousands)
Adjusted EBITDA:
Search & Applications	$	72,910		$	91,258		$	151,811		$	173,329
The Match Group	64,822			69,368			90,678			116,798
Media	(15,452		)	(8,911		)	(30,035		)	(16,775		)
eCommerce	2,681			4,523			(456		)	7,327
Corporate	(16,282		)	(14,806		)	(28,162		)	(31,152		)
Total	$	108,679		$	141,432		$	183,836		$	249,527

Revenue by geography is based on where the customer is located. Geographic information about revenue and long-lived assets is presented below:

	Three Months Ended June 30,				Six Months Ended June 30,
	2015		2014		2015		2014
	(In thousands)
Revenue:
United States	$	566,224	$	511,862	$	1,136,237	$	1,016,265
All other countries	204,908		244,453		407,407		480,297
Total	$	771,132	$	756,315	$	1,543,644	$	1,496,562

	June 30, 2015		December 31, 2014
	(In thousands)
Long-lived assets (excluding goodwill and intangible assets):
United States	$	278,004	$	281,879
All other countries	19,154		20,580
Total	$	297,158	$	302,459

The Company's primary financial measure is Adjusted EBITDA, which is defined as operating income excluding: (1) stock-based compensation expense; (2) depreciation; and (3) acquisition-related items consisting of (i) amortization of intangible assets and impairments of goodwill and intangible assets and (ii) gains and losses recognized on changes in the fair value of contingent consideration arrangements. The Company believes this measure is useful for analysts and investors as this measure allows a more meaningful comparison between our performance and that of our competitors. Moreover, our management uses this measure internally to evaluate the performance of our business as a whole and our individual business segments. The above items are excluded from our Adjusted EBITDA measure because these items are non-cash in nature, and we believe that by excluding these items, Adjusted EBITDA corresponds more closely to the cash operating income generated from our business, from which capital investments are made and debt is serviced. Adjusted EBITDA has certain limitations in that it does not take into account the impact to IAC's statement of operations of certain expenses.

The following tables reconcile Adjusted EBITDA to operating income (loss) for the Company's reportable segments:

	Three Months Ended June 30, 2015
	Adjusted EBITDA			Stock-Based Compensation Expense			Depreciation			Amortization of Intangibles			Acquisition-related Contingent Consideration Fair Value Adjustments		Operating Income (Loss)
	(In thousands)
Search & Applications	$	72,910		$	—		$	(3,685	)	$	(6,930	)	$	6,297	$	68,592
The Match Group	64,822			(2,056		)	(6,647		)	(5,901		)	1,223		51,441
Media	(15,452		)	(147		)	(228		)	(378		)	2,430		(13,775		)
eCommerce	2,681			(420		)	(2,063		)	(1,202		)	—		(1,004		)
Corporate	(16,282		)	(23,326		)	(2,877		)	—			—		(42,485		)
Total	$	108,679		$	(25,949	)	$	(15,500	)	$	(14,411	)	$	9,950	$	62,769

	Three Months Ended June 30, 2014
	Adjusted EBITDA			Stock-Based Compensation Expense			Depreciation			Amortization of Intangibles			Acquisition-related Contingent Consideration Fair Value Adjustments			Operating Income (Loss)
	(In thousands)
Search & Applications	$	91,258		$	—		$	(5,082	)	$	(8,405	)	$	—		$	77,771
The Match Group	69,368			(170		)	(5,589		)	(1,684		)	(727		)	61,198
Media	(8,911		)	(161		)	(224		)	(698		)	200			(9,794		)
eCommerce	4,523			—			(1,896		)	(2,619		)	—			8
Corporate	(14,806		)	(16,221		)	(2,466		)	—			—			(33,493		)
Total	$	141,432		$	(16,552	)	$	(15,257	)	$	(13,406	)	$	(527	)	$	95,690

	Six Months Ended June 30, 2015
	Adjusted EBITDA			Stock-Based Compensation Expense			Depreciation			Amortization of Intangibles			Acquisition-related Contingent Consideration Fair Value Adjustments		Operating Income (Loss)
	(In thousands)
Search & Applications	$	151,811		$	—		$	(7,301	)	$	(13,895	)	$	2,277	$	132,892
The Match Group	90,678			(2,669		)	(13,712		)	(9,778		)	12,234		76,753
Media	(30,035		)	(294		)	(432		)	(801		)	2,435		(29,127		)
eCommerce	(456		)	(840		)	(4,070		)	(2,492		)	—		(7,858		)
Corporate	(28,162		)	(41,057		)	(5,553		)	—			—		(74,772		)
Total	$	183,836		$	(44,860	)	$	(31,068	)	$	(26,966	)	$	16,946	$	97,888

	Six Months Ended June 30, 2014
	Adjusted EBITDA			Stock-Based Compensation Expense			Depreciation			Amortization of Intangibles			Acquisition-related Contingent Consideration Fair Value Adjustments			Operating Income (Loss)
	(In thousands)
Search & Applications	$	173,329		$	—		$	(9,547	)	$	(15,674	)	$	—		$	148,108
The Match Group	116,798			(187		)	(11,389		)	(3,521		)	(700		)	101,001
Media	(16,775		)	(325		)	(506		)	(954		)	200			(18,360		)
eCommerce	7,327			—			(3,644		)	(5,236		)	—			(1,553		)
Corporate	(31,152		)	(25,653		)	(4,989		)	—			—			(61,794		)
Total	$	249,527		$	(26,165	)	$	(30,075	)	$	(25,385	)	$	(500	)	$	167,402