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EARNINGS (LOSS) PER SHARE
 6 Months Ended
Jun. 30, 2017
Earnings Per Share [Abstract]  
EARNINGS (LOSS) PER SHARE
EARNINGS (LOSS) PER SHARE
The following table sets forth the computation of basic and diluted earnings (loss) per share attributable to IAC shareholders:
 
Three Months Ended June 30,
 
2017
 
2016
 
Basic
 
Diluted
 
Basic
 
Diluted
 
(In thousands, except per share data)
Numerator:
 
 
 
 
 
 
 
Net earnings (loss)
$
80,557

 
$
80,557

 
$
(190,542
)
 
$
(190,542
)
Net earnings attributable to noncontrolling interests
(14,289
)
 
(14,289
)
 
(4,233
)
 
(4,233
)
Impact from Match Group's dilutive securities(a)
—

 
(7,925
)
 
—

 
—

Net earnings (loss) attributable to IAC shareholders
$
66,268

 
$
58,343

 
$
(194,775
)
 
$
(194,775
)
 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
Weighted average basic shares outstanding
79,067

 
79,067

 
79,523

 
79,523

Dilutive securities including subsidiary denominated equity awards, stock options and RSUs(b)(c)(d)
—

 
4,711

 
—

 
—

Denominator for earnings per share—weighted average shares(b)(c)(d)
79,067

 
83,778

 
79,523

 
79,523

 
 
 
 
 
 
 
 
Earnings (loss) per share attributable to IAC shareholders:
 
 
 
 
 
 
 
Earnings (loss) per share
$
0.84

 
$
0.70

 
$
(2.45
)
 
$
(2.45
)

 
Six Months Ended June 30,
 
2017
 
2016
 
Basic
 
Diluted
 
Basic
 
Diluted
 
(In thousands, except per share data)
Numerator:
 
 
 
 
 
 
 
Net earnings (loss)
$
109,020

 
$
109,020

 
$
(182,608
)
 
$
(182,608
)
Net earnings attributable to noncontrolling interests
(16,543
)
 
(16,543
)
 
(3,885
)
 
(3,885
)
Impact from Match Group's dilutive securities(a)
—

 
(10,355
)
 
—

 
—

Net earnings (loss) attributable to IAC shareholders
$
92,477

 
$
82,122

 
$
(186,493
)
 
$
(186,493
)
 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
Weighted average basic shares outstanding
78,633

 
78,633

 
80,775

 
80,775

Dilutive securities including subsidiary denominated equity awards, stock options and RSUs(b)(c)(d)
—

 
4,510

 
—

 
—

Denominator for earnings per share—weighted average shares(b)(c)(d)
78,633

 
83,143

 
80,775

 
80,775

 
 
 
 
 
 
 
 
Earnings (loss) per share attributable to IAC shareholders:
 
 
 
 
 
 
 
Earnings (loss) per share
$
1.18

 
$
0.99

 
$
(2.31
)
 
$
(2.31
)
________________________
(a) 
The amount for the three and six months ended June 30, 2017 reflects the reduction in Match Group's earnings attributable to IAC from the assumed exercise of Match Group's dilutive securities under the if-converted method. For the three and six months ended June 30, 2016, the effect of Match Group's dilutive securities under the if-converted method is excluded because it would have been anti-dilutive due to the Company's net loss.
(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 and stock options and vesting of restricted stock units ("RSUs"). For the three and six months ended June 30, 2017, less than 0.1 million and 0.5 million potentially dilutive securities, respectively, are excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive.
(c) 
For the three and six months ended June 30, 2016, the Company had a loss from operations and, as a result, approximately 9.8 million potentially dilutive securities were excluded from computing diluted earnings per share because the impact would have been anti-dilutive.
(d) 
Market-based awards and performance-based stock units (“PSUs”) are considered contingently issuable shares. Shares issuable upon exercise or vesting of market-based awards and PSUs are included in the denominator for earnings per share if (i) the applicable market or performance condition(s) has been met and (ii) the inclusion of the market-based awards and PSUs is dilutive for the respective reporting periods. For both the three and six months ended June 30, 2017, 0.4 million shares underlying market-based awards and PSUs were excluded from the calculation of diluted earnings per share because the market or performance conditions had not been met. For both the three and six months ended June 30, 2016, 1.0 million shares underlying market-based awards and PSUs were excluded from the calculation of diluted earnings per share because the market or performance conditions had not been met.