| (LOSS) EARNINGS PER SHARE |
(LOSS) EARNINGS PER SHARE The following tables set forth the computation of basic and diluted (loss) earnings per share attributable to IAC shareholders. | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | 2016 | | 2015 | | Basic | | Diluted | | Basic | | Diluted | | (In thousands, except per share data) | Numerator: | | | | | | | | (Loss) earnings from continuing operations | $ | (190,542 | ) | | $ | (190,542 | ) | | $ | 57,885 |
| | $ | 57,885 |
| Net (earnings) loss attributable to noncontrolling interests | (4,233 | ) | | (4,233 | ) | | 1,573 |
| | 1,573 |
| Impact from Match Group's dilutive securities(a)(b) | — |
| | — |
| | — |
| | — |
| (Loss) earnings from continuing operations attributable to IAC shareholders | (194,775 | ) | | (194,775 | ) | | 59,458 |
| | 59,458 |
| Loss from discontinued operations attributable to IAC shareholders | — |
| | — |
| | (153 | ) | | (153 | ) | Net (loss) earnings attributable to IAC shareholders | $ | (194,775 | ) | | $ | (194,775 | ) | | $ | 59,305 |
| | $ | 59,305 |
| | | | | | | | | Denominator: | | | | | | | | Weighted average basic shares outstanding | 79,523 |
| | 79,523 |
| | 82,416 |
| | 82,416 |
| Dilutive securities including subsidiary denominated equity, stock options and RSUs(c)(d) | — |
| | — |
| | — |
| | 4,674 |
| Denominator for earnings per share—weighted average shares(c)(d) | 79,523 |
| | 79,523 |
| | 82,416 |
| | 87,090 |
| | | | | | | | | (Loss) earnings per share attributable to IAC shareholders: | | | | | | | | (Loss) earnings per share from continuing operations | $ | (2.45 | ) | | $ | (2.45 | ) | | $ | 0.72 |
| | $ | 0.68 |
| Discontinued operations | — |
| | — |
| | — |
| | — |
| (Loss) earnings per share | $ | (2.45 | ) | | $ | (2.45 | ) | | $ | 0.72 |
| | $ | 0.68 |
|
| | | | | | | | | | | | | | | | | | Six Months Ended June 30, | | 2016 | | 2015 | | Basic | | Diluted | | Basic | | Diluted | | (In thousands, except per share data) | Numerator: | | | | | | | | (Loss) earnings from continuing operations | $ | (182,608 | ) | | $ | (182,608 | ) | | $ | 79,748 |
| | $ | 79,748 |
| Net (earnings) loss attributable to noncontrolling interests | (3,885 | ) | | (3,885 | ) | | 5,990 |
| | 5,990 |
| Impact from Match Group's dilutive securities(a)(b) | — |
| | — |
| | — |
| | — |
| (Loss) earnings from continuing operations attributable to IAC shareholders | (186,493 | ) | | (186,493 | ) | | 85,738 |
| | 85,738 |
| Loss from discontinued operations attributable to IAC shareholders | — |
| | — |
| | (28 | ) | | (28 | ) | Net (loss) earnings attributable to IAC shareholders | $ | (186,493 | ) | | $ | (186,493 | ) | | $ | 85,710 |
| | $ | 85,710 |
| | | | | | | | | Denominator: | | | | | | | | Weighted average basic shares outstanding | 80,775 |
| | 80,775 |
| | 82,932 |
| | 82,932 |
| Dilutive securities including subsidiary denominated equity, stock options and RSUs(c)(d) | — |
| | — |
| | — |
| | 4,989 |
| Denominator for earnings per share—weighted average shares(c)(d) | 80,775 |
| | 80,775 |
| | 82,932 |
| | 87,921 |
| | | | | | | | | (Loss) earnings per share attributable to IAC shareholders: | | | | | | | | (Loss) earnings per share from continuing operations | $ | (2.31 | ) | | $ | (2.31 | ) | | $ | 1.03 |
| | $ | 0.98 |
| Discontinued operations | — |
| | — |
| | — |
| | (0.01 | ) | (Loss) earnings per share | $ | (2.31 | ) | | $ | (2.31 | ) | | $ | 1.03 |
| | $ | 0.97 |
|
________________________ (a) The impact on earnings of Match Group's dilutive securities is not applicable for the three and six months ended June 30, 2015 as it was a wholly-owned subsidiary of the Company until its IPO on November 24, 2015. (b) For the three and six months ended June 30, 2016, the impact on earnings related to Match Group's dilutive securities under the if-converted method are excluded as the impact is anti-dilutive. (c) For the three and six months ended June 30, 2016, the Company had a loss from continuing operations and as a result, approximately 10.1 million potentially dilutive securities were excluded from computing dilutive earnings per share because the impact would have been anti-dilutive. Accordingly, the weighted average basic shares outstanding were used to compute all earnings per share amounts. (d) 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 and stock options and vesting of restricted stock units ("RSUs"). For the three and six months ended June 30, 2015, 1.0 million and 1.2 million potentially dilutive securities, respectively, are excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive. |