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CONSOLIDATED STATEMENT OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenue $ 745,439 $ 771,132 $ 1,564,618 $ 1,543,644
Operating costs and expenses:        
Cost of revenue (exclusive of depreciation shown separately below) 170,397 177,963 364,131 364,700
Selling and marketing expense 295,525 324,710 677,866 687,192
General and administrative expense 152,135 129,349 288,377 244,143
Product development expense 49,911 46,430 105,741 91,687
Depreciation 17,575 15,500 33,370 31,068
Amortization of intangibles 36,975 14,411 50,795 26,966
Goodwill impairment 275,367 0 275,367 0
Total operating costs and expenses 997,885 708,363 1,795,647 1,445,756
Operating (loss) income (252,446) 62,769 (231,029) 97,888
Interest expense (27,644) (15,214) (55,504) (29,278)
Other (expense) income, net (7,192) (1,638) 8,705 5,350
(Loss) earnings from continuing operations before income taxes (287,282) 45,917 (277,828) 73,960
Income tax benefit 96,740 11,968 95,220 5,788
(Loss) earnings from continuing operations (190,542) 57,885 (182,608) 79,748
Loss from discontinued operations, net of tax 0 (153) 0 (28)
Net (loss) earnings (190,542) 57,732 (182,608) 79,720
Net (earnings) loss attributable to noncontrolling interests (4,233) 1,573 (3,885) 5,990
Net (loss) earnings attributable to IAC shareholders $ (194,775) $ 59,305 $ (186,493) $ 85,710
Per share information attributable to IAC shareholders:        
Basic (loss) earnings per share from continuing operations (in dollars per share) $ (2.45) $ 0.72 $ (2.31) $ 1.03
Diluted (loss) earnings per share from continuing operations (in dollars per share) (2.45) 0.68 (2.31) 0.98
Basic (loss) earnings per share (in dollars per share) (2.45) 0.72 (2.31) 1.03
Diluted (loss) earnings per share (in dollars per share) (2.45) 0.68 (2.31) 0.97
Dividends declared per share (in dollars per share) $ 0 $ 0.34 $ 0 $ 0.68
Stock-based compensation expense by function:        
Stock-based compensation expense $ 27,764 $ 25,949 $ 58,949 $ 44,860
Cost of revenue        
Stock-based compensation expense by function:        
Stock-based compensation expense 694 294 1,307 539
Selling and marketing expense        
Stock-based compensation expense by function:        
Stock-based compensation expense 1,690 3,119 3,561 4,842
General and administrative expense        
Stock-based compensation expense by function:        
Stock-based compensation expense 20,516 20,039 41,709 34,637
Product development expense        
Stock-based compensation expense by function:        
Stock-based compensation expense $ 4,864 $ 2,497 $ 12,372 $ 4,842