v2.4.0.6
CONSOLIDATED STATEMENT OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
 12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Revenue $ 2,059,444 $ 1,636,815 $ 1,346,695
Costs and expenses:      
Cost of revenue (exclusive of depreciation shown separately below) 761,244 593,816 429,849
Selling and marketing expense 614,174 492,206 463,439
General and administrative expense 328,728 316,500 282,393
Product development expense 78,760 65,097 57,843
Depreciation 56,719 63,897 61,391
Amortization of intangibles 22,057 27,472 157,031
Amortization of non-cash marketing     15,868
Goodwill impairment   28,032 916,868
Total costs and expenses 1,861,682 1,587,020 2,384,682
Operating income (loss) 197,762 49,795 (1,037,987)
Equity in losses of unconsolidated affiliates (36,300) (25,676) (14,014)
Other income (expense), net 10,060 (1,433) 105,002
Earnings (loss) from continuing operations before income taxes 171,522 22,686 (946,999)
Income tax benefit (provision) 4,047 (32,079) (9,474)
Earnings (loss) from continuing operations 175,569 (9,393) (956,473)
Gain on Liberty Exchange   140,768  
Loss from discontinued operations, net of tax (3,992) (37,023) (23,439)
Net earnings (loss) 171,577 94,352 (979,912)
Net loss attributable to noncontrolling interests 2,656 5,007 1,090
Net earnings (loss) attributable to IAC shareholders 174,233 99,359 (978,822)
Per share information attributable to IAC shareholders:      
Basic earnings (loss) per share from continuing operations (in dollars per share) $ 2.05 $ (0.04) $ (6.89)
Diluted earnings (loss) per share from continuing operations (in dollars per share) $ 1.89 $ (0.04) $ (6.89)
Basic earnings (loss) per share (in dollars per share) $ 2.01 $ 0.93 $ (7.06)
Diluted earnings (loss) per share (in dollars per share) $ 1.85 $ 0.93 $ (7.06)
Non-cash compensation expense by function:      
Total non-cash compensation expense 88,588 84,280 70,081
Cost of revenue
      
Non-cash compensation expense by function:      
Total non-cash compensation expense 5,359 4,510 3,137
Selling and marketing expense
      
Non-cash compensation expense by function:      
Total non-cash compensation expense 4,807 4,228 3,191
General and administrative expense
      
Non-cash compensation expense by function:      
Total non-cash compensation expense 70,894 69,082 58,905
Product development expense
      
Non-cash compensation expense by function:      
Total non-cash compensation expense $ 7,528 $ 6,460 $ 4,848