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EARNINGS PER SHARE
 12 Months Ended
Dec. 31, 2012
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
EARNINGS PER SHARE
The following table sets forth the computation of basic and diluted earnings (loss) per share attributable to IAC shareholders.
 
Years Ended December 31,
 
2012
 
2011
 
2010
 
Basic
 
Diluted
 
Basic
 
Diluted
 
Basic
 
Diluted
 
(In thousands, except per share data)
Numerator:
 
 
 
 
 
 
 
 
 
 
 
Earnings (loss) from continuing operations
$
169,847

 
$
169,847

 
$
175,569

 
$
175,569

 
$
(9,393
)
 
$
(9,393
)
Net (earnings) loss attributable to noncontrolling interests
(1,530
)
 
(1,530
)
 
2,656

 
2,656

 
5,007

 
5,007

Earnings (loss) from continuing operations attributable to IAC shareholders
168,317

 
168,317

 
178,225

 
178,225

 
(4,386
)
 
(4,386
)
(Loss) earnings from discontinued operations attributable to IAC shareholders(a)
(9,051
)
 
(9,051
)
 
(3,992
)
 
(3,992
)
 
103,745

 
103,745

Net earnings attributable to IAC shareholders
$
159,266

 
$
159,266

 
$
174,233

 
$
174,233

 
$
99,359

 
$
99,359

Denominator:
 
 
 
 
 
 
 
 
 
 
 
Weighted average basic shares outstanding
86,247

 
86,247

 
86,755

 
86,755

 
106,274

 
106,274

Dilutive securities including stock options, warrants and RSUs(b)(c)(d)
—

 
6,842

 
—

 
7,566

 
—

 
—

Denominator for earnings per share—weighted average shares(b)(c)(d)
86,247

 
93,089

 
86,755

 
94,321

 
106,274

 
106,274

Earnings (loss) per share attributable to IAC shareholders:
Earnings (loss) per share from continuing operations
$
1.95

 
$
1.81

 
$
2.05

 
$
1.89

 
$
(0.04
)
 
$
(0.04
)
Discontinued operations
(0.10
)
 
(0.10
)
 
(0.04
)
 
(0.04
)
 
0.97

 
0.97

Earnings per share
$
1.85

 
$
1.71

 
$
2.01

 
$
1.85

 
$
0.93

 
$
0.93

__________________________________________________________________

(a)
Amounts in 2010 include the gain on the Liberty Exchange.

(b)
If the effect is dilutive, weighted average common shares outstanding include the incremental shares that would be issued upon the assumed exercise of stock options and warrants and vesting of restricted stock units ("RSUs") and performance-based stock units ("PSUs"). At December 31, 2012, there are no warrants outstanding. For the years ended December 31, 2012 and 2011, approximately 0.8 million and 1.0 million shares, respectively, related to potentially dilutive securities are excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive.

(c)
For the year ended December 31, 2010, the Company has a loss from continuing operations and as a result, no potentially dilutive securities are included in the denominator for computing diluted earnings per share because the impact would have been anti-dilutive. Accordingly, the weighted average basic shares outstanding are used to compute all earnings per share amounts. For the year ended December 31, 2010, approximately 36.3 million shares related to potentially dilutive securities are excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive.

(d)
Prior to 2012, no PSUs are included in diluted earnings per share. During 2012, there are approximately 2.7 million PSUs included in the calculation of diluted earnings per share, as their performance conditions have been met. For the years ended December 31, 2012, 2011 and 2010 approximately 0.1 million, 3.1 million and 2.9 million PSUs are excluded from the calculation of diluted earnings per share.