SEGMENT INFORMATION (Tables)

9 Months Ended

Sep. 30, 2016

Segment Reporting [Abstract]

Schedule of Segment Reporting Information

	Three Months Ended September 30,						Nine Months Ended September 30,
	2016			2015			2016			2015
	(In thousands)
Revenue:
Match Group	$	316,447		$	268,971		$	902,849		$	752,857
HomeAdvisor	133,560			99,435			375,222			269,429
Video	59,955			60,125			162,361			147,317
Applications	142,782			193,278			445,735			581,546
Publishing	74,902			178,701			326,195			512,173
Other	36,598			38,173			116,714			119,344
Inter-segment eliminations	(142		)	(122		)	(356		)	(461		)
Total	$	764,102		$	838,561		$	2,328,720		$	2,382,205

	Three Months Ended September 30,						Nine Months Ended September 30,
	2016			2015			2016			2015
	(In thousands)
Operating Income (Loss):
Match Group	$	91,754		$	58,356		$	194,610		$	125,918
HomeAdvisor	12,805			6,095			26,629			3,687
Video	(2,663		)	(5,655		)	(25,187		)	(36,581		)
Applications	29,240			46,539			75,839			138,076
Publishing	(14,562		)	14,149			(324,720		)	43,685
Other	(1,511		)	195			(3,299		)	(745		)
Corporate	(29,479		)	(32,549		)	(89,317		)	(89,022		)
Total	$	85,584		$	87,130		$	(145,445	)	$	185,018

	Three Months Ended September 30,						Nine Months Ended September 30,
	2016			2015			2016			2015
	(In thousands)
Adjusted EBITDA:(a)
Match Group	$	110,708		$	82,657		$	275,414		$	179,355
HomeAdvisor	15,965			8,904			35,947			12,768
Video	(894		)	(5,141		)	(21,770		)	(36,982		)
Applications	34,575			47,901			94,715			142,545
Publishing	(6,208		)	21,075			(6,639		)	65,065
Other	(824		)	1,596			(709		)	3,196
Corporate	(14,336		)	(15,850		)	(40,050		)	(40,969		)
Total	$	138,986		$	141,142		$	336,908		$	324,978

	September 30, 2016		December 31,  2015
	(In thousands)
Segment Assets:(b)
Match Group	$	482,899	$	329,269
HomeAdvisor	53,930		32,112
Video	126,034		90,671
Applications	97,899		108,997
Publishing	464,233		390,951
Other	28,076		64,550
Corporate	1,093,237		1,485,949
Total	$	2,346,308	$	2,502,499

________________________

^(a) 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, if applicable, 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.

^(b) Consistent with the Company's primary metric (described in (a) above), the Company excludes, if applicable, goodwill and intangible assets from the measure of segment assets presented above.

Schedule of Revenue and Long-lived Assets, Excluding Goodwill and Intangible Assets, by Geography

Geographic information about revenue and long-lived assets is presented below:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2016		2015		2016		2015
	(In thousands)
Revenue:
United States	$	567,132	$	619,297	$	1,721,348	$	1,755,534
All other countries	196,970		219,264		607,372		626,671
Total	$	764,102	$	838,561	$	2,328,720	$	2,382,205

	September 30, 2016		December 31, 2015
	(In thousands)
Long-lived assets (excluding goodwill and intangible assets):
United States	$	292,586	$	279,913
All other countries	24,691		22,904
Total	$	317,277	$	302,817

Schedule of Reconciliation of Operating Income (Loss) to Adjusted EBITDA

The following tables reconcile operating income (loss) for the Company's reportable segments and net earnings (loss) attributable to IAC shareholders to Adjusted EBITDA:

	Three Months Ended September 30, 2016
	Operating Income (Loss)			Stock-Based Compensation Expense		Depreciation		Amortization of Intangibles		Acquisition-related Contingent Consideration Fair Value Adjustments			Adjusted EBITDA
	(In thousands)
Match Group	$	91,754		$	11,145	$	8,032	$	4,906	$	(5,129	)	$	110,708
HomeAdvisor	12,805			408		2,026		726		—			15,965
Video	(2,663		)	640		438		691		—			(894		)
Applications	29,240			—		1,073		1,519		2,743			34,575
Publishing	(14,562		)	—		2,029		6,325		—			(6,208		)
Other	(1,511		)	—		678		100		(91		)	(824		)
Corporate	(29,479		)	11,468		3,675		—		—			(14,336		)
Total	85,584			$	23,661	$	17,951	$	14,267	$	(2,477	)	$	138,986
Interest expense	(27,118		)
Other income, net	11,700
Earnings from continuing operations before income taxes	70,166
Income tax provision	(17,826		)
Earnings from continuing operations	52,340
Earnings from discontinued operations, net of tax	—
Net earnings	52,340
Net earnings attributable to noncontrolling interests	(9,178		)
Net earnings attributable to IAC shareholders	$	43,162

	Three Months Ended September 30, 2015
	Operating Income (Loss)			Stock-Based Compensation Expense		Depreciation		Amortization of Intangibles		Acquisition-related Contingent Consideration Fair Value Adjustments			Adjusted EBITDA
	(In thousands)
Match Group	$	58,356		$	13,057	$	6,137	$	4,352	$	755		$	82,657
HomeAdvisor	6,095			410		1,627		772		—			8,904
Video	(5,655		)	50		289		377		(202		)	(5,141		)
Applications	46,539			—		1,302		1,573		(1,513		)	47,901
Publishing	14,149			—		2,363		4,563		—			21,075
Other	195			—		700		701		—			1,596
Corporate	(32,549		)	13,492		3,207		—		—			(15,850		)
Total	87,130			$	27,009	$	15,625	$	12,338	$	(960	)	$	141,142
Interest expense	(15,992		)
Other income, net	34,398
Earnings from continuing operations before income taxes	105,536
Income tax provision	(40,510		)
Earnings from continuing operations	65,026
Earnings from discontinued operations, net of tax	17
Net earnings	65,043
Net loss attributable to noncontrolling interests	568
Net earnings attributable to IAC shareholders	$	65,611

	Nine Months Ended September 30, 2016
	Operating Income (Loss)			Stock-Based Compensation Expense		Depreciation		Amortization of Intangibles		Acquisition-related Contingent Consideration Fair Value Adjustments			Goodwill Impairment		Adjusted EBITDA
	(In thousands)
Match Group	$	194,610		$	41,341	$	22,609	$	19,577	$	(2,723	)	$	—	$	275,414
HomeAdvisor	26,629			1,223		5,824		2,271		—			—		35,947
Video	(25,187		)	640		1,313		1,656		(192		)	—		(21,770		)
Applications	75,839			—		3,304		4,573		10,999			—		94,715
Publishing	(324,720		)	—		6,366		36,348		—			275,367		(6,639		)
Other	(3,299		)	—		2,044		637		(91		)	—		(709		)
Corporate	(89,317		)	39,406		9,861		—		—			—		(40,050		)
Total	(145,445		)	$	82,610	$	51,321	$	65,062	$	7,993		$	275,367	$	336,908
Interest expense	(82,622		)
Other income, net	20,405
Loss from continuing operations before income taxes	(207,662		)
Income tax benefit	77,394
Loss from continuing operations	(130,268		)
Earnings from discontinued operations, net of tax	—
Net loss	(130,268		)
Net earnings attributable to noncontrolling interests	(13,063		)
Net loss attributable to IAC shareholders	$	(143,331	)

	Nine Months Ended September 30, 2015
	Operating Income (Loss)			Stock-Based Compensation Expense		Depreciation		Amortization of Intangibles		Acquisition-related Contingent Consideration Fair Value Adjustments			Adjusted EBITDA
	(In thousands)
Match Group	$	125,918		$	30,982	$	19,804	$	14,130	$	(11,479	)	$	179,355
HomeAdvisor	3,687			1,250		4,767		3,064		—			12,768
Video	(36,581		)	344		713		1,179		(2,637		)	(36,982		)
Applications	138,076			—		3,532		4,727		(3,790		)	142,545
Publishing	43,685			—		7,293		14,087		—			65,065
Other	(745		)	—		1,824		2,117		—			3,196
Corporate	(89,022		)	39,293		8,760		—		—			(40,969		)
Total	185,018			$	71,869	$	46,693	$	39,304	$	(17,906	)	$	324,978
Interest expense	(45,270		)
Other income, net	39,748
Earnings from continuing operations before income taxes	179,496
Income tax provision	(34,722		)
Earnings from continuing operations	144,774
Loss from discontinued operations, net of tax	(11		)
Net earnings	144,763
Net loss attributable to noncontrolling interests	6,558
Net earnings attributable to IAC shareholders	$	151,321

Schedule of Reconciliation of Segment Assets to Total Assets

The following tables reconcile segment assets to total assets:

	September 30, 2016
	Segment Assets		Goodwill		Indefinite-Lived Intangible Assets		Definite-Lived Intangible Assets		Total Assets
	(In thousands)
Match Group	$	482,899	$	1,311,961	$	248,244	$	13,280	$	2,056,384
HomeAdvisor	53,930		150,451		600		3,472		208,453
Video	126,034		25,239		1,800		6,687		159,760
Applications	97,899		447,242		60,600		3,392		609,133
Publishing	464,233		—		15,005		18,036		497,274
Other	28,076		7,663		11,180		—		46,919
Corporate(a)	1,093,237		—		—		—		1,093,237
Total	$	2,346,308	$	1,942,556	$	337,429	$	44,867	$	4,671,160

	December 31, 2015
	Segment Assets		Goodwill		Indefinite-Lived Intangible Assets		Definite-Lived Intangible Assets		Total Assets
	(In thousands)
Match Group	$	329,269	$	1,293,109	$	243,697	$	32,711	$	1,898,786
HomeAdvisor	32,112		150,251		600		5,727		188,690
Video	90,671		15,590		1,800		3,343		111,404
Applications	108,997		447,242		60,600		7,964		624,803
Publishing	390,951		277,192		59,805		7,849		735,797
Other	64,550		61,980		13,635		3,097		143,262
Corporate(a)	1,485,949		—		—		—		1,485,949
Total	$	2,502,499	$	2,245,364	$	380,137	$	60,691	$	5,188,691

________________________

^(a) Corporate assets consist primarily of cash and cash equivalents, marketable securities and IAC's headquarters building.