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CONSOLIDATED STATEMENT OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Revenue $ 680,612 $ 485,404 $ 1,321,212 $ 945,617
Costs and expenses:        
Cost of revenue (exclusive of depreciation shown separately below) 236,690 181,472 460,261 354,190
Selling and marketing expense 213,070 133,218 432,908 273,468
General and administrative expense 92,231 80,553 184,019 156,844
Product development expense 23,115 17,280 46,597 35,002
Depreciation 12,225 12,450 24,340 25,889
Amortization of intangibles 5,805 2,200 12,846 4,657
Total costs and expenses 583,136 427,173 1,160,971 850,050
Operating income 97,476 58,231 160,241 95,567
Equity in losses of unconsolidated affiliates (19,009) (8,720) (24,910) (10,599)
Other (expense) income, net (1,732) 5,637 (323) 6,389
Earnings from continuing operations before income taxes 76,735 55,148 135,008 91,357
Income tax provision (28,634) (9,518) (55,754) (25,559)
Earnings from continuing operations 48,101 45,630 79,254 65,798
Loss from discontinued operations, net of tax (4,641) (2,488) (957) (4,436)
Net earnings 43,460 43,142 78,297 61,362
Net earnings attributable to noncontrolling interests (128) (718) (487) (868)
Net earnings attributable to IAC shareholders 43,332 42,424 77,810 60,494
Per share information attributable to IAC shareholders:        
Basic earnings per share from continuing operations (in dollars per share) $ 0.56 $ 0.50 $ 0.93 $ 0.72
Diluted earnings per share from continuing operations (in dollars per share) $ 0.52 $ 0.46 $ 0.86 $ 0.68
Basic earnings per share (in dollars per share) $ 0.50 $ 0.47 $ 0.92 $ 0.68
Diluted earnings per share (in dollars per share) $ 0.47 $ 0.44 $ 0.85 $ 0.63
Dividends declared per share (in dollars per share) $ 0.12   $ 0.24  
Non-cash compensation expense by function:        
Total non-cash compensation expense 20,441 23,007 41,907 43,168
Cost of revenue
       
Non-cash compensation expense by function:        
Total non-cash compensation expense 1,501 1,151 3,225 2,233
Selling and marketing expense
       
Non-cash compensation expense by function:        
Total non-cash compensation expense 1,004 1,200 2,126 2,235
General and administrative expense
       
Non-cash compensation expense by function:        
Total non-cash compensation expense 16,411 18,926 33,528 35,326
Product development expense
       
Non-cash compensation expense by function:        
Total non-cash compensation expense $ 1,525 $ 1,730 $ 3,028 $ 3,374