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QUARTERLY RESULTS (UNAUDITED) | 12 Months Ended
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Dec. 31, 2013
Quarterly Financial Information Disclosure [Abstract] |
QUARTERLY RESULTS (UNAUDITED) | QUARTERLY RESULTS (UNAUDITED)
| Quarter Ended March 31(a) |  | Quarter Ended June 30 |  | Quarter Ended September 30 |  | Quarter Ended December 31
| (In thousands, except per share data)
Year Ended December 31, 2013 |  |  |  |  |  |  |
Revenue | $ | 742,249 |  |  | $ | 799,411 |  |  | $ | 756,872 |  |  | $ | 724,455 |
Cost of revenue | 255,849 |  |  | 272,822 |  |  | 248,856 |  |  | 222,574 |
Operating income | 84,551 |  |  | 106,696 |  |  | 122,004 |  |  | 112,952 |
Earnings from continuing operations | 52,709 |  |  | 58,540 |  |  | 91,721 |  |  | 78,829 |
(Loss) earnings from discontinued operations, net of tax | (944 | ) |  | (1,068 | ) |  | 3,914 |  |  | 24 |
Net earnings | 51,765 |  |  | 57,472 |  |  | 95,635 |  |  | 78,853 |
Net earnings attributable to IAC shareholders | 53,637 |  |  | 58,290 |  |  | 96,940 |  |  | 76,917 |
Per share information attributable to IAC shareholders:
Basic earnings per share from continuing operations(c) | $ | 0.65 |  |  | $ | 0.71 |  |  | $ | 1.12 |  |  | $ | 0.93 |
Diluted earnings per share from continuing operations(c) | $ | 0.62 |  |  | $ | 0.69 |  |  | $ | 1.08 |  |  | $ | 0.88 |
Basic earnings per share(c) | $ | 0.64 |  |  | $ | 0.70 |  |  | $ | 1.17 |  |  | $ | 0.93 |
Diluted earnings per share(c) | $ | 0.61 |  |  | $ | 0.67 |  |  | $ | 1.13 |  |  | $ | 0.88 |
| Quarter Ended March 31(a) |  | Quarter Ended June 30 (a)(b) |  | Quarter Ended September 30(a) |  | Quarter Ended December 31
| (In thousands, except per share data)
Year Ended December 31, 2012 |  |  |  |  |  |  |
Revenue | $ | 640,600 |  |  | $ | 680,612 |  |  | $ | 714,470 |  |  | $ | 765,251 |
Cost of revenue | 223,300 |  |  | 237,304 |  |  | 262,275 |  |  | 267,918 |
Operating income | 62,765 |  |  | 97,476 |  |  | 78,033 |  |  | 85,294 |
Earnings from continuing operations | 31,153 |  |  | 48,101 |  |  | 46,185 |  |  | 44,408 |
Earnings (loss) from discontinued operations, net of tax | 3,684 |  |  | (4,641 | ) |  | (5,624 | ) |  | (2,470 | )
Net earnings | 34,837 |  |  | 43,460 |  |  | 40,561 |  |  | 41,938 |
Net earnings attributable to IAC shareholders | 34,478 |  |  | 43,332 |  |  | 40,717 |  |  | 40,739 |
Per share information attributable to IAC shareholders:
Basic earnings per share from continuing operations(c) | $ | 0.37 |  |  | $ | 0.56 |  |  | $ | 0.52 |  |  | $ | 0.49 |
Diluted earnings per share from continuing operations(c) | $ | 0.34 |  |  | $ | 0.52 |  |  | $ | 0.49 |  |  | $ | 0.46 |
Basic earnings per share(c) | $ | 0.42 |  |  | $ | 0.50 |  |  | $ | 0.46 |  |  | $ | 0.46 |
Diluted earnings per share(c) | $ | 0.38 |  |  | $ | 0.47 |  |  | $ | 0.43 |  |  | $ | 0.43 |
_______________________________________________________________________________
(a) | During the second quarter of 2013, certain expenses were reclassified between cost of revenue, selling and marketing expense, general and administrative expense and product development expense. Accordingly, cost of revenue presented above for periods prior to the second quarter of 2013 differs from the amounts reflected in the Company’s quarterly reports on Form 10-Q for the first quarter of 2013 and the second and third quarters of 2012.
(b) | The second quarter of 2012 includes an after-tax non-cash charge of $16.2 million related to the re-measurement of the carrying value of our equity method investment in News_Beast to fair value in connection with our acquisition of a controlling interest in June 2012.
(c) | 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.

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- Definition The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e765-108305 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e725-108305 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=25249566&loc=d3e1280-108306 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 6 -Section G -Subsection 1 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 302 -Paragraph a + Details
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