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CONSOLIDATED STATEMENT OF OPERATIONS - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenue $ 1,246,874 $ 1,104,592 $ 3,539,375 $ 3,158,789
Operating costs and expenses:        
Cost of revenue (exclusive of depreciation shown separately below) 296,385 237,238 832,845 657,424
Selling and marketing expense 423,881 386,802 1,256,843 1,159,294
General and administrative expense 207,880 190,903 647,010 563,450
Product development expense 86,600 77,740 253,914 230,122
Depreciation 23,090 18,925 63,152 56,987
Amortization of intangibles 23,186 20,152 65,576 60,293
Total operating costs and expenses 1,061,022 931,760 3,119,340 2,727,570
Operating Income (Loss) 185,852 172,832 420,035 431,219
Interest expense (42,132) (27,610) (110,481) (81,471)
Other income, net 1,229 8,113 47,852 174,635
Earnings before income taxes 144,949 153,335 357,406 524,383
Income tax benefit 14,823 18,242 62,142 15,887
Net earnings 159,772 171,577 419,548 540,270
Net earnings attributable to noncontrolling interests (31,228) (25,803) (88,842) (105,061)
Net earnings attributable to IAC shareholders $ 128,544 $ 145,774 $ 330,706 $ 435,209
Earnings per share attributable to IAC shareholders:        
Basic earnings per share (USD per share) $ 1.52 $ 1.75 $ 3.93 $ 5.22
Diluted earnings per share (USD per share) $ 1.35 $ 1.49 $ 3.45 $ 4.55
Stock-based compensation expense by function:        
Stock-based compensation expense $ 50,053 $ 55,363 $ 179,922 $ 172,006
Cost of revenue        
Stock-based compensation expense by function:        
Stock-based compensation expense 935 512 2,919 1,937
Selling and marketing expense        
Stock-based compensation expense by function:        
Stock-based compensation expense 2,338 1,837 7,815 5,679
General and administrative expense        
Stock-based compensation expense by function:        
Stock-based compensation expense 36,883 44,242 131,842 134,743
Product development expense        
Stock-based compensation expense by function:        
Stock-based compensation expense $ 9,897 $ 8,772 $ 37,346 $ 29,647