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CONSOLIDATED STATEMENT OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenue $ 1,104,592 $ 828,434 $ 3,158,789 $ 2,356,654
Operating costs and expenses:        
Cost of revenue (exclusive of depreciation shown separately below) 237,238 166,290 657,424 451,281
Selling and marketing expense 386,802 352,879 1,159,294 1,023,394
General and administrative expense 190,903 235,580 563,450 529,397
Product development expense 77,740 70,645 230,122 180,835
Depreciation 18,925 17,263 56,987 55,490
Amortization of intangibles 20,152 4,366 60,293 22,151
Total operating costs and expenses 931,760 847,023 2,727,570 2,262,548
Operating income (loss) 172,832 (18,589) 431,219 94,106
Interest expense (27,610) (25,036) (81,471) (74,556)
Other income (expense), net 8,113 (10,216) 174,635 (7,700)
Earnings (loss) before income taxes 153,335 (53,841) 524,383 11,850
Income tax benefit 18,242 279,480 15,887 322,809
Net earnings 171,577 225,639 540,270 334,659
Net earnings attributable to noncontrolling interests (25,803) (45,996) (105,061) (62,539)
Net earnings attributable to IAC shareholders $ 145,774 $ 179,643 $ 435,209 $ 272,120
Per share information attributable to IAC shareholders:        
Basic earnings per share (USD per share) $ 1.75 $ 2.22 $ 5.22 $ 3.43
Diluted earnings per share (USD per share) $ 1.49 $ 1.79 $ 4.55 $ 2.82
Stock-based compensation expense by function:        
Stock-based compensation expense $ 55,363 $ 134,472 $ 172,006 $ 207,362
Cost of revenue        
Stock-based compensation expense by function:        
Stock-based compensation expense 512 414 1,937 1,389
Selling and marketing expense        
Stock-based compensation expense by function:        
Stock-based compensation expense 1,837 20,970 5,679 24,420
General and administrative expense        
Stock-based compensation expense by function:        
Stock-based compensation expense 44,242 94,432 134,743 153,123
Product development expense        
Stock-based compensation expense by function:        
Stock-based compensation expense $ 8,772 $ 18,656 $ 29,647 $ 28,430