v2.4.0.8

EARNINGS PER SHARE (Tables) | 6 Months Ended
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Jun. 30, 2013
Earnings Per Share [Abstract] |
Computation of basic and diluted earnings per share | The following tables set forth the computation of basic and diluted earnings per share attributable to IAC shareholders.
| Three Months Ended June 30,
| 2013 |  | 2012
| Basic |  | Diluted |  | Basic |  | Diluted
| (In thousands, except per share data)
Numerator: |  |  |  |  |  |  |
Earnings from continuing operations | $ | 58,540 |  |  | $ | 58,540 |  |  | $ | 48,101 |  |  | $ | 48,101 |
Net loss (earnings) attributable to noncontrolling interests | 818 |  |  | 818 |  |  | (128 | ) |  | (128 | )
Earnings from continuing operations attributable to IAC shareholders | 59,358 |  |  | 59,358 |  |  | 47,973 |  |  | 47,973 |
Loss from discontinued operations attributable to IAC shareholders | (1,068 | ) |  | (1,068 | ) |  | (4,641 | ) |  | (4,641 | )
Net earnings attributable to IAC shareholders | $ | 58,290 |  |  | $ | 58,290 |  |  | $ | 43,332 |  |  | $ | 43,332 |
Denominator: |  |  |  |  |  |  |
Weighted average basic shares outstanding | 83,609 |  |  | 83,609 |  |  | 86,174 |  |  | 86,174 |
Dilutive securities including stock options, warrants and RSUs(a)(b) | — |  |  | 2,954 |  |  | — |  |  | 5,766 |
Denominator for earnings per share—weighted average shares(a)(b) | 83,609 |  |  | 86,563 |  |  | 86,174 |  |  | 91,940 |
Earnings (loss) per share attributable to IAC shareholders: |  |  |  |  |  |  |
Earnings per share from continuing operations | $ | 0.71 |  |  | $ | 0.69 |  |  | $ | 0.56 |  |  | $ | 0.52 |
Discontinued operations | (0.01 | ) |  | (0.02 | ) |  | (0.06 | ) |  | (0.05 | )
Earnings per share | $ | 0.70 |  |  | $ | 0.67 |  |  | $ | 0.50 |  |  | $ | 0.47 |
| Six Months Ended June 30,
| 2013 |  | 2012
| Basic |  | Diluted |  | Basic |  | Diluted
| (In thousands, except per share data)
Numerator: |  |  |  |  |  |  |
Earnings from continuing operations | $ | 111,249 |  |  | $ | 111,249 |  |  | $ | 79,254 |  |  | $ | 79,254 |
Net loss (earnings) attributable to noncontrolling interests | 2,690 |  |  | 2,690 |  |  | (487 | ) |  | (487 | )
Earnings from continuing operations attributable to IAC shareholders | 113,939 |  |  | 113,939 |  |  | 78,767 |  |  | 78,767 |
Loss from discontinued operations attributable to IAC shareholders | (2,012 | ) |  | (2,012 | ) |  | (957 | ) |  | (957 | )
Net earnings attributable to IAC shareholders | $ | 111,927 |  |  | $ | 111,927 |  |  | $ | 77,810 |  |  | $ | 77,810 |
Denominator: |  |  |  |  |  |  |
Weighted average basic shares outstanding | 83,912 |  |  | 83,912 |  |  | 84,487 |  |  | 84,487 |
Dilutive securities including stock options, warrants and RSUs(a)(b) | — |  |  | 3,058 |  |  | — |  |  | 7,342 |
Denominator for earnings per share—weighted average shares(a)(b) | 83,912 |  |  | 86,970 |  |  | 84,487 |  |  | 91,829 |
Earnings (loss) per share attributable to IAC shareholders: |  |  |  |  |  |  |
Earnings per share from continuing operations | $ | 1.36 |  |  | $ | 1.31 |  |  | $ | 0.93 |  |  | $ | 0.86 |
Discontinued operations | (0.03 | ) |  | (0.02 | ) |  | (0.01 | ) |  | (0.01 | )
Earnings per share | $ | 1.33 |  |  | $ | 1.29 |  |  | $ | 0.92 |  |  | $ | 0.85 |
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(a) | 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"). As of May 8, 2012, there are no warrants outstanding. For the three and six months ended June 30, 2013, approximately 0.7 million and 3.8 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. For both the three and six months ended June 30, 2012, approximately 0.6 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.
(b) | Performance-based stock units ("PSUs") are included in the denominator for earnings per share if (1) the applicable performance condition(s) has been met and (2) the inclusion of the PSUs is dilutive for the respective reporting periods. For the three and six months ended June 30, 2013, approximately 0.1 million PSUs that are probable of vesting were excluded from the calculation of diluted earnings per share because the performance conditions had not been met. For the three and six months ended June 30, 2012, approximately 3.0 million PSUs that were probable of vesting were excluded from the calculation of diluted earnings per share because the performance conditions had not been met.

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations. + References No definition available. + Details
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