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CONSOLIDATED STATEMENT OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Revenue $ 516,884 $ 412,966 $ 1,462,501 $ 1,185,388
Costs and expenses:        
Cost of revenue (exclusive of depreciation shown separately below) 188,642 147,933 542,832 419,720
Selling and marketing expense 153,296 118,800 426,764 367,487
General and administrative expense 84,628 74,757 241,472 223,638
Product development expense 21,556 16,892 56,558 46,053
Depreciation 17,484 14,598 43,373 47,016
Amortization of intangibles 4,538 2,302 9,195 10,232
Total costs and expenses 470,144 375,282 1,320,194 1,114,146
Operating income 46,740 37,684 142,307 71,242
Equity in losses of unconsolidated affiliates (15,078) (547) (25,677) (27,162)
Other income, net 4,308 819 10,697 6,158
Earnings from continuing operations before income taxes 35,970 37,956 127,327 50,238
Income tax benefit (provision) 32,003 (15,516) 6,444 (26,974)
Earnings from continuing operations 67,973 22,440 133,771 23,264
Loss from discontinued operations, net of tax (3,922) (4,795) (8,358) (12,108)
Net earnings 64,051 17,645 125,413 11,156
Net loss (earnings) attributable to noncontrolling interests 922 (136) 54 1,239
Net earnings attributable to IAC shareholders 64,973 17,509 125,467 12,395
Per share information attributable to IAC shareholders:        
Basic earnings per share from continuing operations (in dollars per share) $ 0.81 $ 0.22 $ 1.52 $ 0.22
Diluted earnings per share from continuing operations (in dollars per share) $ 0.73 $ 0.21 $ 1.41 $ 0.22
Basic earnings per share (in dollars per share) $ 0.77 $ 0.17 $ 1.43 $ 0.11
Diluted earnings per share (in dollars per share) $ 0.69 $ 0.16 $ 1.32 $ 0.11
Non-cash compensation expense by function:        
Total non-cash compensation expense 22,885 17,058 66,053 59,651
Cost of revenue
       
Non-cash compensation expense by function:        
Total non-cash compensation expense 1,449 1,113 3,682 3,065
Selling and marketing expense
       
Non-cash compensation expense by function:        
Total non-cash compensation expense 1,241 889 3,476 2,843
General and administrative expense
       
Non-cash compensation expense by function:        
Total non-cash compensation expense 18,118 13,629 53,444 49,448
Product development expense
       
Non-cash compensation expense by function:        
Total non-cash compensation expense $ 2,077 $ 1,427 $ 5,451 $ 4,295