EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2016

The following tables set forth the computation of basic and diluted earnings per share attributable to IAC shareholders.



	Three Months Ended March 31,
	2016					2015
	Basic		Diluted			Basic		Diluted
	(In thousands, except per share data)
Numerator:
Earnings from continuing operations	$	7,934	$	7,934		$	21,863	$	21,863
Net loss attributable to noncontrolling interests	348		348			4,417		4,417
Impact from Match Group's dilutive securities^(a)	—		(514		)	—		—
Earnings from continuing operations attributable to IAC shareholders	8,282		7,768			26,280		26,280
Earnings from discontinued operations attributable to IAC shareholders	—		—			125		125
Net earnings attributable to IAC shareholders	$	8,282	$	7,768		$	26,405	$	26,405

Denominator:
Weighted average basic shares outstanding	82,027		82,027			83,453		83,453
Dilutive securities including subsidiary denominated equity, stock options and RSUs^(b)	—		2,798			—		5,305
Denominator for earnings per share—weighted average shares^(b)	82,027		84,825			83,453		88,758

Earnings per share attributable to IAC shareholders:
Earnings per share from continuing operations	$	0.10	$	0.09		$	0.31	$	0.30
Discontinued operations	—		—			0.01		—
Earnings per share	$	0.10	$	0.09		$	0.32	$	0.30

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^(a) Represents the impact on earnings related to Match Group's dilutive securities under the if-converted method.

^(b)If the effect is dilutive, weighted average common shares outstanding include the incremental shares that would be issued upon the assumed exercise of subsidiary denominated equity, stock options and vesting of restricted stock units ("RSUs"). For the three months ended March 31, 2016 and 2015, 4.1 million and 2.0 million potentially dilutive securities, respectively, are excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive.