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QUARTERLY RESULTS (UNAUDITED) (Tables) | 12 Months Ended
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Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract] |
Schedule of quarterly results |
| Quarter Ended March 31(a) |  | Quarter Ended June 30(a)(b) |  | Quarter Ended September 30(a)(c) |  | Quarter Ended December 31
| (In thousands, except per share data)
Year Ended December 31, 2014 |  |  |  |  |  |  |
Revenue | $ | 740,247 |  |  | $ | 756,315 |  |  | $ | 782,231 |  |  | $ | 830,754 |
Cost of revenue | 209,234 |  |  | 210,730 |  |  | 224,695 |  |  | 238,517 |
Operating income | 71,712 |  |  | 95,690 |  |  | 100,953 |  |  | 110,372 |
Earnings (loss) from continuing operations | 34,305 |  |  | (17,995 | ) |  | 150,261 |  |  | 67,986 |
(Loss) earnings from discontinued operations, net of tax | (814 | ) |  | (868 | ) |  | 175,730 |  |  | 625 |
Net earnings (loss) | 33,491 |  |  | (18,863 | ) |  | 325,991 |  |  | 68,611 |
Net earnings (loss) attributable to IAC shareholders | 35,885 |  |  | (17,996 | ) |  | 326,812 |  |  | 70,172 |
Per share information attributable to IAC shareholders:
Basic earnings (loss) per share from continuing operations(d) | $ | 0.44 |  |  | $ | (0.21 | ) |  | $ | 1.81 |  |  | $ | 0.83 |
Diluted earnings (loss) per share from continuing operations(d) | $ | 0.42 |  |  | $ | (0.21 | ) |  | $ | 1.70 |  |  | $ | 0.78 |
Basic earnings (loss) per share(d) | $ | 0.44 |  |  | $ | (0.22 | ) |  | $ | 3.91 |  |  | $ | 0.84 |
Diluted earnings (loss) per share(d) | $ | 0.41 |  |  | $ | (0.22 | ) |  | $ | 3.68 |  |  | $ | 0.78 |
| Quarter Ended March 31(a) |  | Quarter Ended June 30(a) |  | Quarter Ended September 30(a) |  | Quarter Ended December 31(a)
| (In thousands, except per share data)
Year Ended December 31, 2013 |  |  |  |  |  |  |
Revenue | $ | 742,249 |  |  | $ | 799,411 |  |  | $ | 756,872 |  |  | $ | 724,455 |
Cost of revenue | 257,474 |  |  | 273,938 |  |  | 249,888 |  |  | 222,421 |
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(d) | $ | 0.65 |  |  | $ | 0.71 |  |  | $ | 1.12 |  |  | $ | 0.93 |
Diluted earnings per share from continuing operations(d) | $ | 0.62 |  |  | $ | 0.69 |  |  | $ | 1.08 |  |  | $ | 0.88 |
Basic earnings per share(d) | $ | 0.64 |  |  | $ | 0.70 |  |  | $ | 1.17 |  |  | $ | 0.93 |
Diluted earnings per share(d) | $ | 0.61 |  |  | $ | 0.67 |  |  | $ | 1.13 |  |  | $ | 0.88 |
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(a) | During the fourth quarter of 2014, 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 fourth quarter of 2014 differs from the amounts reflected in the Company’s quarterly reports on Form 10-Q for the first, second and third quarters of 2014 and 2013 and for the fourth quarter of 2013 reflected in the Company's annual report on Form 10-K.
(b) | The second quarter of 2014 includes an after-tax other-than-temporary impairment charge of $63.6 million related to the write-down of a cost method investment to fair value.
(c) | (Loss) earnings from discontinued operations, net of tax, in the third quarter of 2014 includes the release of tax reserves as a result of the expiration of the statutes of limitations for federal income taxes for the years 2001 through 2009.
(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

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- Definition Tabular disclosure of the quarterly financial data in the annual financial statements. The disclosure includes financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income (loss) before extraordinary items and cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: 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=35737889&loc=d3e1280-108306 + Details
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