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CONSOLIDATED STATEMENT OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenue $ 1,059,122 $ 767,387 $ 2,054,197 $ 1,528,220
Operating costs and expenses:        
Cost of revenue (exclusive of depreciation shown separately below) 218,224 139,033 420,186 284,991
Selling and marketing expense 369,660 320,104 772,492 670,515
General and administrative expense 188,363 150,222 372,547 293,817
Product development expense 75,445 55,430 152,382 110,190
Depreciation 18,805 18,339 38,062 38,227
Amortization of intangibles 20,188 8,624 40,141 17,785
Total operating costs and expenses 890,685 691,752 1,795,810 1,415,525
Operating income 168,437 75,635 258,387 112,695
Interest expense (27,356) (24,728) (53,861) (49,520)
Other income, net 171,141 10,230 166,522 2,516
Earnings before income taxes 312,222 61,137 371,048 65,691
Income tax (provision) benefit (31,368) 19,420 (2,355) 43,329
Net earnings 280,854 80,557 368,693 109,020
Net earnings attributable to noncontrolling interests (62,501) (14,289) (79,258) (16,543)
Net earnings attributable to IAC shareholders $ 218,353 $ 66,268 $ 289,435 $ 92,477
Per share information attributable to IAC shareholders:        
Basic earnings per share (USD per share) $ 2.61 $ 0.84 $ 3.47 $ 1.18
Diluted earnings per share (USD per share) $ 2.32 $ 0.70 $ 3.05 $ 0.99
Stock-based compensation expense by function:        
Stock-based compensation expense $ 57,561 $ 38,915 $ 116,643 $ 72,890
Cost of revenue        
Stock-based compensation expense by function:        
Stock-based compensation expense 715 473 1,425 975
Selling and marketing expense        
Stock-based compensation expense by function:        
Stock-based compensation expense 2,077 1,643 3,842 3,450
General and administrative expense        
Stock-based compensation expense by function:        
Stock-based compensation expense 44,875 31,751 90,501 58,691
Product development expense        
Stock-based compensation expense by function:        
Stock-based compensation expense $ 9,894 $ 5,048 $ 20,875 $ 9,774