v2.4.1.9

EARNINGS PER SHARE (Tables) | 12 Months Ended
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Dec. 31, 2014
Earnings Per Share [Abstract] |
Computation of basic and diluted earnings per share | The following table sets forth the computation of basic and diluted earnings per share attributable to IAC shareholders.
| Years Ended December 31,
| 2014 |  | 2013 |  | 2012
| Basic |  | Diluted |  | Basic |  | Diluted |  | Basic |  | Diluted
| (In thousands, except per share data)
Numerator: |  |  |  |  |  |  |  |  |  |  |
Earnings from continuing operations | $ | 234,557 |  |  | $ | 234,557 |  |  | $ | 281,799 |  |  | $ | 281,799 |  |  | $ | 169,847 |  |  | $ | 169,847 |
Net loss (earnings) attributable to noncontrolling interests | 5,643 |  |  | 5,643 |  |  | 2,059 |  |  | 2,059 |  |  | (1,530 | ) |  | (1,530 | )
Earnings from continuing operations attributable to IAC shareholders | 240,200 |  |  | 240,200 |  |  | 283,858 |  |  | 283,858 |  |  | 168,317 |  |  | 168,317 |
Earnings (loss) from discontinued operations attributable to IAC shareholders | 174,673 |  |  | 174,673 |  |  | 1,926 |  |  | 1,926 |  |  | (9,051 | ) |  | (9,051 | )
Net earnings attributable to IAC shareholders | $ | 414,873 |  |  | $ | 414,873 |  |  | $ | 285,784 |  |  | $ | 285,784 |  |  | $ | 159,266 |  |  | $ | 159,266 |
Denominator: |  |  |  |  |  |  |  |  |  |  |
Weighted average basic shares outstanding | 83,292 |  |  | 83,292 |  |  | 83,480 |  |  | 83,480 |  |  | 86,247 |  |  | 86,247 |
Dilutive securities including stock options, warrants and RSUs(a)(b) | — |  |  | 5,266 |  |  | — |  |  | 3,262 |  |  | — |  |  | 6,842 |
Denominator for earnings per share—weighted average shares(a)(b) | 83,292 |  |  | 88,558 |  |  | 83,480 |  |  | 86,742 |  |  | 86,247 |  |  | 93,089 |
Earnings (loss) per share attributable to IAC shareholders:
Earnings per share from continuing operations | $ | 2.88 |  |  | $ | 2.71 |  |  | $ | 3.40 |  |  | $ | 3.27 |  |  | $ | 1.95 |  |  | $ | 1.81 |
Discontinued operations | 2.10 |  |  | 1.97 |  |  | 0.02 |  |  | 0.02 |  |  | (0.10 | ) |  | (0.10 | )
Earnings per share | $ | 4.98 |  |  | $ | 4.68 |  |  | $ | 3.42 |  |  | $ | 3.29 |  |  | $ | 1.85 |  |  | $ | 1.71 |
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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 vesting of restricted stock units ("RSUs"). For the years ended December 31, 2014, 2013 and 2012 approximately 0.3 million, 0.4 million and 0.8 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.
(b) | Performance-based stock units ("PSUs") are included in the denominator for earnings per share if (i) the applicable performance condition(s) has been met and (ii) the inclusion of the PSUs is dilutive for the respective reporting periods. For each of the years ended December 31, 2014 and 2012 less than 0.1 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. For the year ended December 31, 2013, all PSUs that were considered to be probable of vesting were included in the calculation of diluted earnings per share as their performance conditions had been met.

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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