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QUARTERLY RESULTS (UNAUDITED)
 12 Months Ended
Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]  
QUARTERLY RESULTS (UNAUDITED)
QUARTERLY RESULTS (UNAUDITED)
 
Quarter Ended
March 31(a)
 
Quarter Ended
June 30(b)
 
Quarter Ended
September 30
 
Quarter Ended
December 31(a)
 
(In thousands, except per share data)
Year Ended December 31, 2016
 
 
 
 
 
 
 
Revenue
$
819,179

 
$
745,439

 
$
764,102

 
$
811,162

Cost of revenue
193,734

 
170,397

 
179,131

 
212,468

Operating income (loss)
21,417

 
(252,446
)
 
85,584

 
112,820

Earnings (loss) from continuing operations
7,934

 
(190,542
)
 
52,340

 
113,928

Net earnings (loss)
7,934

 
(190,542
)
 
52,340

 
114,117

Net earnings (loss) attributable to IAC shareholders
8,282

 
(194,775
)
 
43,162

 
102,051

Per share information attributable to IAC shareholders:
Basic earnings (loss) per share from continuing operations(d)
$
0.10

 
$
(2.45
)
 
$
0.54

 
$
1.29

Diluted earnings (loss) per share from continuing operations(d)
$
0.09

 
$
(2.45
)
 
$
0.49

 
$
1.18

Basic earnings (loss) per share(d)
$
0.10

 
$
(2.45
)
 
$
0.54

 
$
1.29

Diluted earnings (loss) per share(d)
$
0.09

 
$
(2.45
)
 
$
0.49

 
$
1.18

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Quarter Ended
March 31
 
Quarter Ended
June 30
 
Quarter Ended
September 30
 
Quarter Ended
December 31(c)
 
(In thousands, except per share data)
Year Ended December 31, 2015
 
 
 
 
 
 
 
Revenue
$
772,512

 
$
771,132

 
$
838,561

 
$
848,728

Cost of revenue
186,737

 
177,963

 
199,377

 
214,084

Operating income (loss)
35,119

 
62,769

 
87,130

 
(5,430
)
Earnings (loss) from continuing operations
21,863

 
57,885

 
65,026

 
(31,417
)
Net earnings (loss)
21,988

 
57,732

 
65,043

 
(31,389
)
Net earnings (loss) attributable to IAC shareholders
26,405

 
59,305

 
65,611

 
(31,849
)
Per share information attributable to IAC shareholders:
Basic earnings (loss) per share from continuing operations(d)
$
0.31

 
$
0.72

 
$
0.79

 
$
(0.38
)
Diluted earnings (loss) per share from continuing operations(d)
$
0.30

 
$
0.68

 
$
0.74

 
$
(0.38
)
Basic earnings (loss) per share(d)
$
0.32

 
$
0.72

 
$
0.79

 
$
(0.38
)
Diluted earnings (loss) per share(d)
$
0.30

 
$
0.68

 
$
0.74

 
$
(0.38
)
_______________________________________________________________________________
(a)
The first quarter and fourth quarter of 2016 include after-tax gains of $11.9 million and $37.5 million related to the sale of PriceRunner and ShoeBuy, respectively.
(b)
The second quarter of 2016 includes after-tax impairment charges related to goodwill and indefinite-lived intangible assets of $183.5 million and $7.2 million, respectively.
(c)
The fourth quarter of 2015 includes after-tax impairment charges related to indefinite-lived intangible assets and goodwill of $55.3 million and $14.1 million, respectively.
(d)
Quarterly per share amounts may not add to the related annual per share amount because of differences in the average common shares outstanding during each period.