XML 64 R51.htm IDEA: XBRL DOCUMENT
v3.23.2

SEGMENT INFORMATION - Operating (Loss) Income and Adjusted EBITDA (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended
--- | --- | --- | ---
Jun. 30, 2023 | Mar. 31, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | Dec. 31, 2022
Segment Reporting Information [Line Items] |  |  |  |  |  |
Operating income (loss) | $ (55,473) |  | $ (166,140) | $ (191,069) | $ (274,954) |
Cumulative Charges Incurred |  |  | 13,700 | 80,422 | 36,100 | $ 80,200
Operating lease impairment charges |  |  |  | 72,506 | 28,802 |
Meredith Corporation |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |
Impairment of leasehold improvements and furniture and equipment | 4,200 |  |  | 4,200 |  |
Impairment charges |  |  |  | 70,000 |  |
Transaction-related costs |  |  | 1,200 |  | 5,200 |
Operating lease impairment charges |  | $ 44,700 |  | 44,700 |  |
Meredith Corporation | Depreciation |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |
Impairment charges | 4,200 |  |  | 29,600 |  |
Digital |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |
Cumulative Charges Incurred |  |  |  | 39,562 |  |
Print |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |
Cumulative Charges Incurred |  |  |  | 32,923 |  |
Other |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |
Cumulative Charges Incurred |  |  |  | 7,937 |  |
Operating Segments | Dotdash Meredith |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |
Operating income (loss) | (17,820) |  | (27,507) | (129,054) | (83,752) |
Operating Segments | Dotdash Meredith | Digital |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |
Operating income (loss) | 6,059 |  | 11,096 | (11,828) | 9,228 |
Adjusted EBITDA | 50,834 |  | 51,316 | 75,237 | 86,116 |
Operating Segments | Dotdash Meredith | Print |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |
Operating income (loss) | (944) |  | (20,099) | (6,700) | (58,434) |
Adjusted EBITDA | 17,410 |  | 6,265 | 28,744 | (4,215) |
Operating Segments | Dotdash Meredith | Other |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |
Operating income (loss) | (22,935) |  | (18,504) | (110,526) | (34,546) |
Adjusted EBITDA | (14,152) |  | (18,414) | (73,006) | (34,200) |
Operating Segments | Angi Inc. |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |
Operating income (loss) | (16,683) |  | (20,886) | (27,153) | (54,843) |
Operating Segments | Angi Inc. | Other |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |
Operating income (loss) | (16,568) |  | (18,091) | (31,507) | (31,113) |
Adjusted EBITDA | (13,109) |  | (15,102) | (25,463) | (25,552) |
Operating Segments | Search |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |
Operating income (loss) | 13,961 |  | 26,297 | 24,731 | 51,376 |
Adjusted EBITDA | 13,982 |  | 26,317 | 24,773 | 51,417 |
Operating Segments | Emerging & Other |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |
Operating income (loss) | 3,353 |  | (107,781) | 14,798 | (112,825) |
Adjusted EBITDA | 6,309 |  | (17,060) | 21,087 | (16,144) |
Corporate |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |
Operating income (loss) | (38,284) |  | (36,263) | (74,391) | (74,910) |
Adjusted EBITDA | $ (22,486) |  | $ (20,716) | $ (46,319) | $ (44,410) |

X
- Definition The Company's primary financial measure is Adjusted EBITDA, which is defined as operating income excluding: (1) stock-based compensation expense; (2) depreciation; and (3) acquisition-related items consisting of (i) amortization of intangible assets and impairments of goodwill and intangible assets, if applicable, and (ii) gains and losses recognized on changes in the fair value of contingent consideration arrangements. The Company believes this measure is useful for analysts and investors as this measure allows a more meaningful comparison between our performance and that of our competitors. Moreover, our management uses this measure internally to evaluate the performance of our business as a whole and our individual business segments, and this measure is one of the primary metrics by which our internal budgets are based and by which management is compensated. The above items are excluded from our Adjusted EBITDA measure because these items are non-cash in nature, and we believe that by excluding these items, Adjusted EBITDA corresponds more closely to the cash operating income generated from our business, from which capital investments are made and debt is serviced. Adjusted EBITDA has certain limitations in that it does not take into account the impact to IAC's statement of operations of certain expenses. + References No definition available. + Details
Name: | iaci_AdjustedEBITDA
Namespace Prefix: | iaci_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Impairment Of Leasehold, Furniture and Equipment + References No definition available. + Details
Name: | iaci_ImpairmentOfLeaseholdFurnitureAndEquipment
Namespace Prefix: | iaci_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Amount of write-down of assets recognized in the income statement. Includes, but is not limited to, losses from tangible assets, intangible assets and goodwill. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Subparagraph (b) -SubTopic 10 -Topic 230 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-28 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 45 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482130/360-10-45-4 + Details
Name: | us-gaap_AssetImpairmentCharges
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition This element represents acquisition-related costs incurred to effect a business combination which costs have been expensed during the period. Such costs include finder's fees; advisory, legal, accounting, valuation, and other professional or consulting fees; general administrative costs, including the costs of maintaining an internal acquisitions department; and may include costs of registering and issuing debt and equity securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 25 -Paragraph 23 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479405/805-10-25-23 + Details
Name: | us-gaap_BusinessCombinationAcquisitionRelatedCosts
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The net result for the period of deducting operating expenses from operating revenues. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 30 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 4: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
Name: | us-gaap_OperatingIncomeLoss
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of loss from impairment of right-of-use asset from operating lease. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 25 -Paragraph 6 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479365/842-20-25-6 + Details
Name: | us-gaap_OperatingLeaseImpairmentLoss
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Amount of expenses associated with exit or disposal activities pursuant to an authorized plan. Excludes expenses related to a discontinued operation or an asset retirement obligation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Subparagraph (b) -SubTopic 10 -Topic 230 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-28 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4(b)(1)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479823/420-10-S99-2 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482047/420-10-45-3 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 5.P.3) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479823/420-10-S99-1 + Details
Name: | us-gaap_RestructuringCharges
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_SegmentReportingInformationLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=iaci_MeredithCorporationMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_IncomeStatementLocationAxis=iaci_DepreciationNonproductiveMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_SubsegmentsAxis=iaci_DigitalMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_SubsegmentsAxis=iaci_PrintMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_SubsegmentsAxis=iaci_SubsegmentOtherMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementBusinessSegmentsAxis=iaci_DotdashMeredithMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementBusinessSegmentsAxis=iaci_AngiIncMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementBusinessSegmentsAxis=iaci_SearchMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementBusinessSegmentsAxis=iaci_EmergingOtherMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_ConsolidationItemsAxis=us-gaap_CorporateNonSegmentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |