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CONSOLIDATED STATEMENT OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Revenue $ 3,230,933 $ 3,109,547 $ 3,022,987
Operating costs and expenses:      
Cost of revenue (exclusive of depreciation shown separately below) 778,161 860,204 977,357
Selling and marketing expense 1,345,576 1,147,409 982,774
General and administrative expense 525,629 443,610 378,142
Product development expense 185,766 160,515 139,759
Depreciation 62,205 61,156 58,909
Amortization of intangibles 139,952 57,926 59,843
Goodwill impairment 14,056 0 0
Total operating costs and expenses 3,051,345 2,730,820 2,596,784
Operating income 179,588 378,727 426,203
Equity in earnings (losses) of unconsolidated affiliates 772 (9,697) (6,615)
Interest expense (73,636) (56,314) (33,596)
Other income (expense), net 36,149 (42,787) 30,309
Earnings from continuing operations before income taxes 142,873 269,929 416,301
Income tax provision (29,516) (35,372) (134,502)
Earnings from continuing operations 113,357 234,557 281,799
Earnings from discontinued operations, net of tax 17 174,673 1,926
Net earnings 113,374 409,230 283,725
Net loss attributable to noncontrolling interests 6,098 5,643 2,059
Net earnings attributable to IAC shareholders $ 119,472 $ 414,873 $ 285,784
Per share information attributable to IAC shareholders:      
Basic earnings per share from continuing operations (in usd per share) $ 1.44 $ 2.88 $ 3.40
Diluted earnings per share from continuing operations (in usd per share) 1.33 2.71 3.27
Basic earnings per share (in usd per share) 1.44 4.98 3.42
Diluted earnings per share (in usd per share) 1.33 4.68 3.29
Dividends declared per share (in usd per share) $ 1.36 $ 1.16 $ 0.96
Stock-based compensation expense by function:      
Stock-based compensation expense $ 105,450 $ 59,634 $ 53,005
Cost of Revenue      
Stock-based compensation expense by function:      
Stock-based compensation expense 1,210 949 2,863
Selling and Marketing Expense      
Stock-based compensation expense by function:      
Stock-based compensation expense 10,186 2,144 2,813
General and Administrative Expense      
Stock-based compensation expense by function:      
Stock-based compensation expense 82,798 49,862 42,487
Product Development Expense      
Stock-based compensation expense by function:      
Stock-based compensation expense $ 11,256 $ 6,679 $ 4,842