Match (MTCH) 10-Q 31 Jul 15 2015 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2015	Jul. 24, 2015
Entity Registrant Name	IAC/INTERACTIVECORP
Entity Central Index Key	891,103
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Jun. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q2
Amendment Flag	false
Common Stock
Entity Common Stock, Shares Outstanding		77,130,396
Class B Convertible Common Stock
Entity Common Stock, Shares Outstanding		5,789,499

CONSOLIDATED BALANCE SHEET (Una

CONSOLIDATED BALANCE SHEET (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
ASSETS
Cash and cash equivalents	$ 656,409	$ 990,405
Marketable securities	233,523	160,648
Accounts receivable, net of allowance of $15,730 and $12,437, respectively	223,106	236,086
Other current assets	209,724	166,742
Total current assets	1,322,762	1,553,881
Property and equipment, net of accumulated depreciation and amortization of $294,400 and $279,534, respectively	297,158	302,459
Goodwill	1,778,830	1,754,926
Intangible assets, net of accumulated amortization of $116,626 and $98,937, respectively	472,082	491,936
Long-term investments	131,385	114,983
Other non-current assets	72,841	56,693
TOTAL ASSETS	4,075,058	4,274,878
LIABILITIES:
Current portion of long-term debt	80,000	0
Accounts payable, trade	79,434	81,163
Deferred revenue	232,673	194,988
Accrued expenses and other current liabilities	322,750	397,803
Total current liabilities	714,857	673,954
Long-term debt, net of current portion	1,000,000	1,080,000
Income taxes payable	24,768	32,635
Deferred income taxes	432,688	409,529
Other long-term liabilities	59,182	45,191
Redeemable noncontrolling interests	$ 28,177	$ 40,427
Commitments and contingencies
SHAREHOLDERS' EQUITY:
Additional paid-in capital	$ 11,452,662	$ 11,415,617
Retained earnings	354,099	325,118
Accumulated other comprehensive loss	(130,295)	(87,700)
Treasury stock 187,137,267 and 184,182,001 shares, respectively	(9,861,350)	(9,661,350)
Total IAC shareholders' equity	1,815,386	1,991,953
Noncontrolling interests	0	1,189
Total shareholders' equity	1,815,386	1,993,142
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	4,075,058	4,274,878
Common Stock
SHAREHOLDERS' EQUITY:
Common stock	254	252
Class B Convertible Common Stock
SHAREHOLDERS' EQUITY:
Common stock	$ 16	$ 16

CONSOLIDATED BALANCE SHEET (Par

CONSOLIDATED BALANCE SHEET (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Accounts receivable, allowance (in dollars)	$ 15,730	$ 12,437
Accumulated depreciation and amortization, property and equipment (in dollars)	294,400	279,534
Accumulated amortization (in dollars)	$ 116,626	$ 98,937
Treasury stock, shares	187,137,267	184,182,001
Common Stock
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, authorized shares	1,600,000,000	1,600,000,000
Common stock, issued shares	253,641,102	252,170,058
Common stock, outstanding shares	76,871,835	78,356,057
Class B Convertible Common Stock
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, authorized shares	400,000,000	400,000,000
Common stock, issued shares	16,157,499	16,157,499
Common stock, outstanding shares	5,789,499	5,789,499

CONSOLIDATED STATEMENT OF OPERA

CONSOLIDATED STATEMENT OF OPERATIONS (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Revenue	$ 771,132	$ 756,315	$ 1,543,644	$ 1,496,562
Operating costs and expenses:
Cost of revenue (exclusive of depreciation shown separately below)	183,276	210,730	374,829	419,964
Selling and marketing expense	319,397	272,490	677,063	571,089
General and administrative expense	129,349	109,897	244,143	204,986
Product development expense	46,430	38,845	91,687	77,661
Depreciation	15,500	15,257	31,068	30,075
Amortization of intangibles	14,411	13,406	26,966	25,385
Total operating costs and expenses	708,363	660,625	1,445,756	1,329,160
Operating income	62,769	95,690	97,888	167,402
Interest expense	(15,214)	(14,046)	(29,278)	(28,110)
Other (expense) income, net	(1,638)	(69,750)	5,350	(71,708)
Earnings from continuing operations before income taxes	45,917	11,894	73,960	67,584
Income tax benefit (provision)	11,968	(29,889)	5,788	(51,274)
Earnings (loss) from continuing operations	57,885	(17,995)	79,748	16,310
Loss from discontinued operations, net of tax	(153)	(868)	(28)	(1,682)
Net earnings (loss)	57,732	(18,863)	79,720	14,628
Net loss attributable to noncontrolling interests	1,573	867	5,990	3,261
Net earnings (loss) attributable to IAC shareholders	$ 59,305	$ (17,996)	$ 85,710	$ 17,889
Per share information attributable to IAC shareholders:
Basic earnings (loss) per share from continuing operations (in dollars per share)	$ 0.72	$ (0.21)	$ 1.03	$ 0.24
Diluted earnings (loss) per share from continuing operations (in dollars per share)	0.68	(0.21)	0.98	0.22
Basic earnings (loss) per share (in dollars per share)	0.72	(0.22)	1.03	0.22
Diluted earnings (loss) per share (in dollars per share)	0.68	(0.22)	0.97	0.20
Dividends declared per share (in dollars per share)	$ 0.34	$ 0.24	$ 0.68	$ 0.48
Stock-based compensation expense by function:
Stock-based compensation expense	$ 25,949	$ 16,552	$ 44,860	$ 26,165
Cost of revenue
Stock-based compensation expense by function:
Stock-based compensation expense	294	459	539	451
Selling and marketing expense
Stock-based compensation expense by function:
Stock-based compensation expense	3,119	657	4,842	853
General and administrative expense
Stock-based compensation expense by function:
Stock-based compensation expense	20,039	13,707	34,637	21,659
Product development expense
Stock-based compensation expense by function:
Stock-based compensation expense	$ 2,497	$ 1,729	$ 4,842	$ 3,202

CONSOLIDATED STATEMENT OF COMPR

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Statement of Comprehensive Income [Abstract]
Net earnings (loss)	$ 57,732	$ (18,863)	$ 79,720	$ 14,628
Other comprehensive income (loss), net of tax:
Change in foreign currency translation adjustment	8,613	(187)	(48,001)	5,190
Change in unrealized gains and losses of available-for-sale securities (net of tax benefits of $126 and $182 for the three and six months ended June 30, 2015, respectively, and net of tax benefits of $865 and $1,438 for the three and six months ended June 30, 2014, respectively)	3,615	(2,139)	4,249	(2,250)
Total other comprehensive income (loss), net of tax	12,228	(2,326)	(43,752)	2,940
Comprehensive income (loss)	69,960	(21,189)	35,968	17,568
Comprehensive loss attributable to noncontrolling interests	2,323	984	7,147	3,461
Comprehensive income (loss) attributable to IAC shareholders	$ 72,283	$ (20,205)	$ 43,115	$ 21,029

CONSOLIDATED STATEMENT OF COMP6

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Statement of Comprehensive Income [Abstract]
Tax benefit of change in unrealized gains and losses of available-for-sale securities	$ 126	$ 865	$ 182	$ 1,438

CONSOLIDATED STATEMENT OF SHARE

CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY (Unaudited) - 6 months ended Jun. 30, 2015 - USD ($) shares in Thousands, $ in Thousands	Total	IAC	Common StockCommon Stock $.001 Par Value	Common StockClass B Convertible Common Stock $.001 Par Value	Additional Paid-in Capital	(Accumulated Deficit) Retained Earnings	Accumulated Other Comprehensive Loss	Treasury Stock	Noncontrolling Interests
Beginning balance at Dec. 31, 2014	$ 1,993,142	$ 1,991,953	$ 252	$ 16	$ 11,415,617	$ 325,118	$ (87,700)	$ (9,661,350)	$ 1,189
Beginning balance, common stock (in shares) at Dec. 31, 2014			252,170	16,157
Increase (Decrease) in Shareholders' Equity
Net (loss) earnings for the six months ended June 30, 2015	85,710	85,710				85,710
Other comprehensive loss, net of tax	(42,595)	(42,595)					(42,595)
Stock-based compensation expense	38,189	38,189			38,189
Issuance of common stock upon exercise of stock options, vesting of restricted stock units and other, net of withholding taxes	(20,666)	(20,666)	$ 2		(20,668)
Issuance of common stock upon exercise of stock options, vesting of restricted stock units and other, net of withholding taxes, shares			1,471
Income tax benefit related to the exercise of stock options, vesting of restricted stock units and other	24,636	24,636			24,636
Dividends	(56,729)	(56,729)			0	(56,729)
Purchase of treasury stock	(200,000)	(200,000)						(200,000)
Adjustment of redeemable noncontrolling interests to fair value	(5,320)	(5,320)			(5,320)
Transfer from noncontrolling interests to redeemable noncontrolling interests	(1,189)								(1,189)
Other	208	208			208
Ending balance at Jun. 30, 2015	1,815,386	$ 1,815,386	$ 254	$ 16	$ 11,452,662	$ 354,099	$ (130,295)	$ (9,861,350)	$ 0
Ending balance, common stock (in shares) at Jun. 30, 2015			253,641	16,157
Beginning balance at Dec. 31, 2014	40,427
Increase (Decrease) in Redeemable Noncontrolling Interests
Net (loss) earnings	(5,990)
Other comprehensive loss, net of tax	(1,157)
Stock-based compensation expense	3,509
Purchase of redeemable noncontrolling interests	(15,338)
Adjustment of redeemable noncontrolling interests to fair value	5,320
Transfer from noncontrolling interests to redeemable noncontrolling interests	1,189
Other	217
Ending balance at Jun. 30, 2015	$ 28,177

CONSOLIDATED STATEMENT OF CASH

CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Cash flows from operating activities attributable to continuing operations:
Net earnings (loss)	$ 79,720	$ 14,628
Loss from discontinued operations, net of tax	(28)	(1,682)
Earnings (loss) from continuing operations	79,748	16,310
Adjustments to reconcile earnings from continuing operations to net cash provided by operating activities attributable to continuing operations:
Stock-based compensation expense	44,860	26,165
Depreciation	31,068	30,075
Amortization of intangibles	26,966	25,385
Excess tax benefits from stock-based awards	(36,465)	(32,889)
Deferred income taxes	7,260	5,849
Impairment of long-term investments	500	64,281
Equity in losses of unconsolidated affiliates	477	8,785
Acquisition-related contingent consideration fair value adjustments	(16,946)	500
Other changes in assets and liabilities, net	8,369	5,362
Changes in assets and liabilities, net of effects of acquisitions:
Accounts receivable	2,710	(5,718)
Other assets	(6,458)	(19,238)
Accounts payable and other current liabilities	(33,231)	(31,242)
Income taxes payable	(63,304)	29,299
Deferred revenue	40,407	25,851
Other changes in assets and liabilities, net	(182)	(4)
Net cash provided by operating activities attributable to continuing operations	85,779	148,771
Cash flows from investing activities attributable to continuing operations:
Acquisitions, net of cash acquired	(43,286)	(103,380)
Capital expenditures	(26,816)	(26,557)
Proceeds from maturities and sales of marketable debt securities	14,613	998
Purchases of marketable debt securities	(93,134)	(78,380)
Purchases of long-term investments	(12,840)	(14,701)
Other, net	8,599	2,187
Net cash used in investing activities attributable to continuing operations	(152,864)	(219,833)
Cash flows from financing activities attributable to continuing operations:
Purchase of treasury stock	(200,000)	0
Dividends	(56,729)	(40,086)
Issuance of common stock, net of withholding taxes	(20,656)	(13,823)
Excess tax benefits from stock-based awards	36,465	32,889
Purchase of noncontrolling interests	(15,338)	(30,000)
Funds returned from escrow for Meetic tender offer	0	12,354
Acquisition-related contingent consideration payments	(5,705)	(7,630)
Other, net	430	(141)
Net cash used in financing activities attributable to continuing operations	(261,533)	(46,437)
Total cash used in continuing operations	(328,618)	(117,499)
Total cash used in discontinued operations	(243)	(157)
Effect of exchange rate changes on cash and cash equivalents	(5,135)	4,538
Net decrease in cash and cash equivalents	(333,996)	(113,118)
Cash and cash equivalents at beginning of period	990,405	1,100,444
Cash and cash equivalents at end of period	$ 656,409	$ 987,326

THE COMPANY AND SUMMARY OF SIGN

THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Nature of Operations IAC is a leading media and Internet company. The Company is organized into four segments: The Match Group, which consists of dating, education and fitness businesses with brands such as Match, OkCupid, Tinder, The Princeton Review and DailyBurn; Search & Applications, which includes brands such as About.com, Ask.com, Dictionary.com and Investopedia; Media, which includes businesses such as Vimeo, Electus, The Daily Beast and CollegeHumor; and eCommerce, which includes HomeAdvisor and ShoeBuy. IAC's brands and products are among the most recognized in the world, reaching users in over 200 countries. On June 25, 2015, the Company announced the intent to pursue an initial public offering ("IPO") of less than 20% of the common stock of The Match Group. The IPO is expected to be completed during the fourth quarter of 2015. All references to "IAC," the "Company," "we," "our" or "us" in this report are to IAC/InterActiveCorp. Basis of Presentation The Company prepares its consolidated financial statements in accordance with U.S. generally accepted accounting principles ("GAAP"). Basis of Consolidation and Accounting for Investments The consolidated financial statements include the accounts of the Company, all entities that are wholly-owned by the Company and all entities in which the Company has a controlling financial interest. Intercompany transactions and accounts have been eliminated. Investments in the common stock or in-substance common stock of entities in which the Company has the ability to exercise significant influence over the operating and financial matters of the investee, but does not have a controlling financial interest, are accounted for using the equity method and are included in "Long-term investments" in the accompanying consolidated balance sheet. The accompanying unaudited consolidated financial statements have been prepared in accordance with GAAP for interim financial information and with the rules and regulations of the Securities and Exchange Commission. Accordingly, they do not include all of the information and notes required by GAAP for complete financial statements. In the opinion of management, the accompanying unaudited consolidated financial statements include all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation. Interim results are not necessarily indicative of the results that may be expected for the full year. The accompanying unaudited consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company's Annual Report on Form 10-K for the year ended December 31, 2014. Accounting Estimates The preparation of consolidated financial statements in accordance with GAAP requires management to make certain estimates, judgments and assumptions that impact the reported amounts of assets, liabilities, revenue and expenses and the related disclosure of contingent assets and liabilities. Actual results could differ from these estimates. On an ongoing basis, the Company evaluates its estimates and judgments including those related to: the fair values of marketable securities and other investments; the recoverability of goodwill and indefinite-lived intangible assets; the useful lives and recovery of definite-lived intangible assets and property and equipment; the carrying value of accounts receivable, including the determination of the allowance for doubtful accounts and revenue reserves; the fair value of acquisition-related contingent consideration; the liabilities for uncertain tax positions; the valuation allowance for deferred income tax assets; and the fair value of and forfeiture rates for stock-based awards, among others. The Company bases its estimates and judgments on historical experience, its forecasts and budgets and other factors that the Company considers relevant. Certain Risks and Concentrations A substantial portion of the Company's revenue is derived from online advertising, the market for which is highly competitive and rapidly changing. Significant changes in this industry or changes in advertising spending behavior or in customer buying behavior could adversely affect our operating results. Most of the Company's online advertising revenue is attributable to a services agreement with Google Inc. ("Google"), which expires on March 31, 2016 . Our services agreement requires that we comply with certain guidelines promulgated by Google. Subject to certain limitations, Google may unilaterally update its policies and guidelines, which could require modifications to, or prohibit and/or render obsolete certain of our products, services and/or business practices, which could be costly to address or otherwise have an adverse effect on our business, financial condition and results of operations. For the three and six months ended June 30, 2015 , revenue earned from Google is $308.2 million and $647.8 million , respectively. For the three and six months ended June 30, 2014 , revenue earned from Google is $349.5 million and $704.6 million , respectively. This revenue is earned by the businesses comprising the Search & Applications segment. Accounts receivable related to revenue earned from Google totaled $108.3 million and $118.7 million at June 30, 2015 and December 31, 2014 , respectively. Recent Accounting Pronouncement In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2014-09, Revenue from Contracts with Customers, which clarifies the principles for recognizing revenue and develops a common standard for all industries. In July 2015, the FASB decided to defer the effective date for annual reporting periods beginning after December 15, 2017. Early adoption is permitted beginning on the original effective date of December 15, 2016. Upon adoption, ASU No. 2014-09 may either be applied retrospectively to each prior period presented or retrospectively with the cumulative effect recognized as of the date of initial application. The Company is currently evaluating the new guidance and has not yet determined whether the adoption of the new standard will have a material impact on its consolidated financial statements or the method and timing of adoption. Reclassifications Certain prior year amounts have been reclassified to conform to the current year presentation.

INCOME TAXES

INCOME TAXES	6 Months Ended
	Jun. 30, 2015
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES At the end of each interim period, the Company makes its best estimate of the annual expected effective income tax rate and applies that rate to its ordinary year-to-date earnings or loss. The income tax provision or benefit related to significant, unusual, or extraordinary items, if applicable, that will be separately reported or reported net of their related tax effects are individually computed and recognized in the interim period in which they occur. In addition, the effect of changes in enacted tax laws or rates, tax status, judgment on the realizability of a beginning-of-the-year deferred tax asset in future years or the liabilities for uncertain tax positions is recognized in the interim period in which the change occurs. The computation of the annual expected effective income tax rate at each interim period requires certain estimates and assumptions including, but not limited to, the expected pre-tax income (or loss) for the year, projections of the proportion of income (and/or loss) earned and taxed in foreign jurisdictions, permanent and temporary differences, and the likelihood of the realization of deferred tax assets generated in the current year. The accounting estimates used to compute the provision or benefit for income taxes may change as new events occur, more experience is acquired, additional information is obtained or our tax environment changes. To the extent that the expected annual effective income tax rate changes during a quarter, the effect of the change on prior quarters is included in income tax provision in the quarter in which the change occurs. For the three and six months ended June 30, 2015 , the Company recorded an income tax benefit for continuing operations of $12.0 million and $5.8 million , respectively. The income tax benefit for the three and six months ended June 30, 2015 are due primarily to the realization of certain deferred tax assets, a reduction in tax reserves and related interest due to the expiration of statutes of limitations, and the non-taxable gain on contingent consideration fair value adjustments in the current year period, partially offset by state taxes. For the three and six months ended June 30, 2014 , the Company recorded an income tax provision for continuing operations of $29.9 million and $51.3 million , respectively, which represents effective income tax rates of 251% and 76% , respectively. The effective rates for the three and six months ended June 30, 2014 are higher than the statutory rate of 35% due primarily to the largely unbenefited loss associated with the write-downs of certain of the Company's investments, interest on reserves for income tax contingencies, and state taxes, partially offset by foreign income taxed at lower rates. The Company recognizes interest and, if applicable, penalties related to unrecognized tax benefits in the income tax provision. Included in the income tax provision for continuing operations for the three and six months ended June 30, 2015 , is a $0.1 million benefit and a $0.2 million benefit, respectively, net of related deferred taxes, for interest on unrecognized tax benefits. At June 30, 2015 and December 31, 2014 , the Company has accrued $2.2 million and $2.8 million , respectively, for the payment of interest. At June 30, 2015 and December 31, 2014 , the Company has accrued $2.3 million and $2.9 million , respectively, for penalties. The Company is routinely under audit by federal, state, local and foreign authorities in the area of income tax. These audits include questioning the timing and the amount of income and deductions and the allocation of income and deductions among various tax jurisdictions. The Internal Revenue Service is currently auditing the Company’s federal income tax returns for the years ended December 31, 2010 through 2012. Various other jurisdictions are open to examination for various tax years beginning with 2009. Income taxes payable include reserves considered sufficient to pay assessments that may result from examination of prior year tax returns. Changes to reserves from period to period and differences between amounts paid, if any, upon resolution of audits and amounts previously provided may be material. Differences between the reserves for uncertain tax positions and the amounts owed by the Company are recorded in the period they become known. At June 30, 2015 and December 31, 2014 , unrecognized tax benefits, including interest and penalties, are $25.9 million and $33.2 million , respectively. If unrecognized tax benefits at June 30, 2015 are subsequently recognized, $23.9 million , net of related deferred tax assets and interest, would reduce income tax provision for continuing operations. The Company believes that it is reasonably possible that its unrecognized tax benefits could decrease by $3.4 million within twelve months of June 30, 2015 primarily due to settlements and expiration of statutes of limitations.

MARKETABLE SECURITIES

MARKETABLE SECURITIES	6 Months Ended
	Jun. 30, 2015
Marketable Securities [Abstract]
MARKETABLE SECURITIES	MARKETABLE SECURITIES At June 30, 2015 , current available-for-sale marketable securities are as follows: Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (In thousands) Corporate debt securities $ 232,766 $ 151 $ — $ 232,917 Equity security 97 509 — 606 Total marketable securities $ 232,863 $ 660 $ — $ 233,523 At December 31, 2014 , current available-for-sale marketable securities are as follows: Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (In thousands) Corporate debt securities $ 159,418 $ 34 $ (255 ) $ 159,197 Equity security 98 1,353 — 1,451 Total marketable securities $ 159,516 $ 1,387 $ (255 ) $ 160,648 The unrealized gains and losses in the tables above are included in "Accumulated other comprehensive loss" in the accompanying consolidated balance sheet. The contractual maturities of debt securities classified as current available-for-sale at June 30, 2015 are as follows: Amortized Cost Fair Value (In thousands) Due in one year or less $ 95,946 $ 95,979 Due after one year through five years 136,820 136,938 Total $ 232,766 $ 232,917 The following table presents the proceeds from maturities and sales of current and non-current available-for-sale marketable securities and the related gross realized gains: Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 (In thousands) Proceeds from maturities and sales of available-for-sale marketable securities $ 8,563 $ 3,462 $ 14,613 $ 3,462 Gross realized gains 5 2,299 5 2,299 There were no gross realized losses from the maturities and sales of available-for-sale marketable securities for the three and six months ended June 30, 2015 and 2014. However, during the second quarter of 2015, the Company recognized $0.3 million in losses that were deemed to be other-than-temporary related to various corporate debt securities that are expected to be sold by the Company in the third quarter of 2015, in part, to fund its cash needs related to The Match Group's acquisition of PlentyOfFish for $575 million . Gross realized gains from the maturities and sales of available-for-sale marketable securities and losses that were deemed to be other-than-temporary are included in "Other (expense) income, net" in the accompanying consolidated statement of operations. The specific-identification method is used to determine the cost of securities sold and the amount of unrealized gains and losses reclassified out of accumulated other comprehensive income into earnings.

FAIR VALUE MEASUREMENTS AND FIN

FAIR VALUE MEASUREMENTS AND FINANCIAL INSTRUMENTS	6 Months Ended
	Jun. 30, 2015
Fair Value Disclosures [Abstract]
Fair Value Measurements and Financial Instruments	FAIR VALUE MEASUREMENTS AND FINANCIAL INSTRUMENTS The Company categorizes its financial instruments measured at fair value into a fair value hierarchy that prioritizes the inputs used in pricing the asset or liability. The three levels of the fair value hierarchy are: • Level 1: Observable inputs obtained from independent sources, such as quoted prices for identical assets and liabilities in active markets. • Level 2: Other inputs, which are observable directly or indirectly, such as quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active and inputs that are derived principally from or corroborated by observable market data. The fair values of the Company's Level 2 financial assets are primarily obtained from observable market prices for identical underlying securities that may not be actively traded. Certain of these securities may have different market prices from multiple market data sources, in which case an average market price is used. • Level 3: Unobservable inputs for which there is little or no market data and require the Company to develop its own assumptions, based on the best information available in the circumstances, about the assumptions market participants would use in pricing the assets or liabilities. See below for a discussion of fair value measurements made using Level 3 inputs. The following tables present the Company's financial instruments that are measured at fair value on a recurring basis: June 30, 2015 Quoted Market Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Fair Value Measurements (In thousands) Assets: Cash equivalents: Money market funds $ 207,014 $ — $ — $ 207,014 Commercial paper — 76,789 — 76,789 Time deposits — 32,457 — 32,457 Marketable securities: Corporate debt securities — 232,917 — 232,917 Equity security 606 — — 606 Long-term investments: Auction rate security — — 6,630 6,630 Marketable equity security 11,388 — — 11,388 Total $ 219,008 $ 342,163 $ 6,630 $ 567,801 Liabilities: Contingent consideration arrangements $ — $ — $ (31,858 ) $ (31,858 ) December 31, 2014 Quoted Market Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Fair Value Measurements (In thousands) Assets: Cash equivalents: Money market funds $ 174,720 $ — $ — $ 174,720 Commercial paper — 388,801 — 388,801 Time deposits — 42,914 — 42,914 Marketable securities: Corporate debt securities — 159,197 — 159,197 Equity security 1,451 — — 1,451 Long-term investments: Auction rate security — — 6,070 6,070 Marketable equity security 7,410 — — 7,410 Total $ 183,581 $ 590,912 $ 6,070 $ 780,563 Liabilities: Contingent consideration arrangements $ — $ — $ (30,140 ) $ (30,140 ) The following tables present the changes in the Company's financial instruments that are measured at fair value on a recurring basis using significant unobservable inputs (Level 3): Three Months Ended June 30, 2015 2014 Auction Rate Security Contingent Consideration Arrangements Auction Rate Security Contingent Consideration Arrangements (In thousands) Balance at April 1 $ 6,190 $ (20,964 ) $ 9,150 $ (48,758 ) Total net gains (losses): Included in earnings: Fair value adjustments — 9,950 — (527 ) Foreign currency exchange losses — (4 ) — — Included in other comprehensive income (loss) 440 384 100 499 Fair value at date of acquisition — (26,749 ) — — Settlements — 5,525 — 7,389 Balance at June 30 $ 6,630 $ (31,858 ) $ 9,250 $ (41,397 ) Six Months Ended June 30, 2015 2014 Auction Rate Security Contingent Consideration Arrangements Auction Rate Security Contingent Consideration Arrangements (In thousands) Balance at January 1 $ 6,070 $ (30,140 ) $ 8,920 $ (45,828 ) Total net gains (losses): Included in earnings: Fair value adjustments — 16,946 — (500 ) Foreign currency exchange gains — 626 — — Included in other comprehensive income (loss) 560 2,117 330 136 Fair value at date of acquisition — (27,112 ) — (2,835 ) Settlements — 5,705 — 7,630 Balance at June 30 $ 6,630 $ (31,858 ) $ 9,250 $ (41,397 ) Auction rate security The Company's auction rate security is valued by discounting the estimated future cash flow streams of the security over the life of the security. Credit spreads and other risk factors are also considered in establishing fair value. The cost basis of the auction rate security is $10.0 million , with gross unrealized losses of $3.4 million and $3.9 million at June 30, 2015 and December 31, 2014 , respectively. The unrealized losses are included in "Accumulated other comprehensive loss" in the accompanying consolidated balance sheet. At June 30, 2015 , the auction rate security is rated BBB- and matures in 2035. The Company does not consider the auction rate security to be other-than-temporarily impaired at June 30, 2015 , due to its credit rating and because the Company does not intend to sell this security, and it is not more likely than not that the Company will be required to sell this security, before the recovery of its amortized cost basis, which may be maturity. Contingent Consideration Arrangements As of June 30, 2015 , there are nine contingent consideration arrangements related to business acquisitions. Eight of the contingent consideration arrangements have limits as to the maximum amount that can be paid; the maximum contingent payments related to these arrangements is $240.7 million and the fair value of these arrangements at June 30, 2015 is $31.4 million . The fair value of the one contingent consideration arrangement without a limit on the maximum amount is $0.5 million at June 30, 2015 . The contingent consideration arrangements are generally based upon earnings performance and/or operating metrics such as monthly active users. The Company typically determines the fair value of the contingent consideration arrangements by using a probability-weighted analysis to determine the amount of the gross liability, and, if the arrangement is long-term in nature, applying a discount rate that captures the risks associated with the obligation. The number of scenarios in the probability-weighted analyses can vary; generally, more scenarios are prepared for longer duration and more complex arrangements. The contingent consideration arrangements fair values at June 30, 2015 reflect discount rates ranging from 12 - 25 %. The fair values of the contingent consideration arrangements are sensitive to changes in the forecasts of earnings and/or the relevant operating metrics and changes in discount rates. The Company remeasures the fair value of the contingent consideration arrangements each reporting period, and changes are recognized in “General and administrative expense” in the accompanying consolidated statement of operations. The contingent consideration arrangement liability at June 30, 2015 includes a current portion of $2.8 million and non-current portion of $29.1 million , which are included in “Accrued expenses and other current liabilities” and “Other long-term liabilities,” respectively, in the accompanying consolidated balance sheet. Assets measured at fair value on a nonrecurring basis The Company's non-financial assets, such as goodwill, intangible assets and property and equipment, as well as equity and cost method investments, are adjusted to fair value only when an impairment charge is recognized. Such fair value measurements are based predominantly on Level 3 inputs. Cost method investments At June 30, 2015 and December 31, 2014 , the carrying values of the Company's investments accounted for under the cost method totaled $103.3 million and $90.9 million , respectively, and are included in "Long-term investments" in the accompanying consolidated balance sheet. The Company evaluates each cost method investment for impairment on a quarterly basis and recognizes an impairment loss if a decline in value is determined to be other-than-temporary. If the Company has not identified events or changes in circumstances that may have a significant adverse effect on the fair value of a cost method investment, then the fair value of such cost method investment is not estimated, as it is impracticable to do so. In the second quarter of 2014, the Company recorded $64.2 million of other-than-temporary impairment charges for certain cost method investments as a result of our assessment of the near-term prospects and financial condition of the investees. This charge is included in "Other (expense) income, net" in the accompanying consolidated statement of operations. Equity method investments In the second quarter of 2014, the Company recorded a $4.2 million other-than-temporary impairment charge on an equity method investment following the sale of a majority of the investee's assets. This charge is included in "Other (expense) income, net" in the accompanying consolidated statement of operations. Long-term marketable equity securities The cost basis of the Company's long-term marketable equity security at June 30, 2015 and December 31, 2014 is $8.7 million , with a gross unrealized gain of $2.7 million and loss of $1.2 million at June 30, 2015 and December 31, 2014 , respectively. The gross unrealized gain at June 30, 2015 and gross unrealized loss at December 31, 2014 are included in "Accumulated other comprehensive loss" in the accompanying consolidated balance sheet. Financial instruments measured at fair value only for disclosure purposes The following table presents the carrying value and the fair value of financial instruments measured at fair value only for disclosure purposes: June 30, 2015 December 31, 2014 Carrying Fair Carrying Fair (In thousands) Current portion of long-term debt $ (80,000 ) $ (80,000 ) $ — $ — Long-term debt, net of current portion (1,000,000 ) (1,025,345 ) (1,080,000 ) (1,099,813 ) The fair value of long-term debt is estimated using market prices or indices for similar liabilities and taking into consideration other factors such as credit quality and maturity, which are Level 3 inputs.

LONG-TERM DEBT

LONG-TERM DEBT	6 Months Ended
	Jun. 30, 2015
Debt Disclosure [Abstract]
LONG-TERM DEBT	LONG-TERM DEBT Long-term debt consists of: June 30, 2015 December 31, 2014 (In thousands) 4.875% Senior Notes due November 30, 2018 (the "2013 Senior Notes"); interest payable each May 30 and November 30, which commenced May 30, 2014 $ 500,000 $ 500,000 4.75% Senior Notes due December 15, 2022 (the "2012 Senior Notes"); interest payable each June 15 and December 15, which commenced June 15, 2013 500,000 500,000 5% New York City Industrial Development Agency Liberty Bonds due September 1, 2035 (the "Liberty Bonds"); interest payable each March 1 and September 1, which commenced March 1, 2006 (a) — 80,000 Total long-term debt $ 1,000,000 $ 1,080,000 _________________________________________ (a) $80.0 million reflected as short-term debt at June 30, 2015 as the Liberty Bonds are scheduled to be redeemed on September 1, 2015. The 2013 and 2012 Senior Notes were issued on November 15, 2013 and December 21, 2012, respectively. On December 21, 2012, the Company entered into a $300 million revolving credit facility, which expires on December 21, 2017. The annual fee to maintain the revolving credit facility is 30 basis points. At June 30, 2015 and December 31, 2014 , there are no outstanding borrowings under the revolving credit facility. The 2013 and 2012 Senior Notes are unconditionally guaranteed by certain domestic subsidiaries, which are designated as guarantor subsidiaries. The guarantor subsidiaries are the same for the 2013 and 2012 Senior Notes and the revolving credit facility; any borrowings under the revolving credit facility would also be secured by the stock of certain of our domestic and foreign subsidiaries. See Note 10 for guarantor and non-guarantor financial information. The indentures governing the 2013 and 2012 Senior Notes restrict our ability to incur additional indebtedness in the event we are not in compliance with the maximum leverage ratio of 3.0 to 1.0. In addition, the terms of the revolving credit facility require that we maintain a leverage ratio of not more than 3.0 to 1.0 and restrict our ability to incur additional indebtedness. As of June 30, 2015 , the Company was in compliance with all of these covenants.

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE LOSS	6 Months Ended
	Jun. 30, 2015
Equity [Abstract]
ACCUMULATED OTHER COMPREHENSIVE LOSS	ACCUMULATED OTHER COMPREHENSIVE LOSS The following tables present the components of accumulated other comprehensive (loss) income. Three Months Ended June 30, 2015 Foreign Currency Translation Adjustment Unrealized (Losses) Gains On Available-For-Sale Securities Accumulated Other Comprehensive Loss (In thousands) Balance as of April 1 $ (143,182 ) $ (91 ) $ (143,273 ) Other comprehensive income, net of tax benefit of $0.2 million related to unrealized losses on available-for-sale securities 9,287 3,528 12,815 Amounts reclassified to earnings related to unrealized losses on available-for-sale securities, net of a tax benefit of $0.1 million — 163 163 Net current period other comprehensive income 9,287 3,691 12,978 Balance as of June 30 $ (133,895 ) $ 3,600 $ (130,295 ) Three Months Ended June 30, 2014 Foreign Currency Translation Adjustment Unrealized Gains (Losses)On Available-For-Sale Securities Accumulated Other Comprehensive Loss (In thousands) Balance as of April 1 $ (15,132 ) $ 7,435 $ (7,697 ) Other comprehensive loss before reclassifications, net of tax benefit of $0.1 million related to unrealized gains on available-for-sale securities (150 ) (799 ) (949 ) Amounts reclassified to earnings related to unrealized losses on available-for-sale securities, net of tax benefit of $0.8 million — (1,260 ) (1,260 ) Net current period other comprehensive loss (150 ) (2,059 ) (2,209 ) Balance as of June 30 $ (15,282 ) $ 5,376 $ (9,906 ) Six Months Ended June 30, 2015 Foreign Currency Translation Adjustment Unrealized (Losses) Gains On Available-For-Sale Securities Accumulated Other Comprehensive Loss (In thousands) Balance as of December 31 $ (86,848 ) $ (852 ) $ (87,700 ) Other comprehensive (loss) income, net of tax benefit of $0.3 million related to unrealized losses on available-for-sale securities (47,047 ) 4,289 (42,758 ) Amounts reclassified to earnings related to unrealized losses on available-for-sale securities, net of a tax benefit of $0.1 million — 163 163 Net current period other comprehensive (loss) income (47,047 ) 4,452 (42,595 ) Balance as of June 30 $ (133,895 ) $ 3,600 $ (130,295 ) Six Months Ended June 30, 2014 Foreign Currency Translation Adjustment Unrealized Gains (Losses)On Available-For-Sale Securities Accumulated Other Comprehensive Loss (In thousands) Balance as of December 31 $ (20,352 ) $ 7,306 $ (13,046 ) Other comprehensive income (loss) before reclassifications, net of tax benefit of $0.7 million related to unrealized gains on available-for-sale securities 5,070 (670 ) 4,400 Amounts reclassified to earnings related to unrealized losses on available-for-sale securities, net of tax benefit of $0.8 million — (1,260 ) (1,260 ) Net current period other comprehensive income (loss) 5,070 (1,930 ) 3,140 Balance as of June 30 $ (15,282 ) $ 5,376 $ (9,906 )

EARNINGS (LOSS) PER SHARE

EARNINGS (LOSS) PER SHARE	6 Months Ended
	Jun. 30, 2015
Earnings Per Share [Abstract]
EARNINGS (LOSS) PER SHARE	EARNINGS (LOSS) PER SHARE The following tables set forth the computation of basic and diluted earnings (loss) per share attributable to IAC shareholders. Three Months Ended June 30, 2015 2014 Basic Diluted Basic Diluted (In thousands, except per share data) Numerator: Earnings (loss) from continuing operations $ 57,885 $ 57,885 $ (17,995 ) $ (17,995 ) Net loss attributable to noncontrolling interests 1,573 1,573 867 867 Earnings (loss) from continuing operations attributable to IAC shareholders 59,458 59,458 (17,128 ) (17,128 ) Loss from discontinued operations attributable to IAC shareholders (153 ) (153 ) (868 ) (868 ) Net earnings (loss) attributable to IAC shareholders $ 59,305 $ 59,305 $ (17,996 ) $ (17,996 ) Denominator: Weighted average basic shares outstanding 82,416 82,416 83,178 83,178 Dilutive securities including stock options and RSUs (a)(b) — 4,674 — — Denominator for earnings per share—weighted average shares (a)(b) 82,416 87,090 83,178 83,178 Earnings (loss) per share attributable to IAC shareholders: Earnings (loss) per share from continuing operations $ 0.72 $ 0.68 $ (0.21 ) $ (0.21 ) Discontinued operations — — (0.01 ) (0.01 ) Earnings (loss) per share $ 0.72 $ 0.68 $ (0.22 ) $ (0.22 ) Six Months Ended June 30, 2015 2014 Basic Diluted Basic Diluted (In thousands, except per share data) Numerator: Earnings from continuing operations $ 79,748 $ 79,748 $ 16,310 $ 16,310 Net loss attributable to noncontrolling interests 5,990 5,990 3,261 3,261 Earnings from continuing operations attributable to IAC shareholders 85,738 85,738 19,571 19,571 Loss from discontinued operations attributable to IAC shareholders (28 ) (28 ) (1,682 ) (1,682 ) Net earnings attributable to IAC shareholders $ 85,710 $ 85,710 $ 17,889 $ 17,889 Denominator: Weighted average basic shares outstanding 82,932 82,932 82,833 82,833 Dilutive securities including stock options and RSUs (a) — 4,989 — 5,150 Denominator for earnings per share—weighted average shares (a) 82,932 87,921 82,833 87,983 Earnings (loss) per share attributable to IAC shareholders: Earnings per share from continuing operations $ 1.03 $ 0.98 $ 0.24 $ 0.22 Discontinued operations — (0.01 ) (0.02 ) (0.02 ) Earnings per share $ 1.03 $ 0.97 $ 0.22 $ 0.20 _________________________________________ (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 three and six months ended June 30, 2015 approximately 1.0 million and 1.2 million potentially dilutive securities, respectively, are excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive. For the six months ended June 30, 2014, there are no securities that are excluded from the calculation of diluted earnings per share. (b) For the three months ended June 30, 2014, the Company had a loss from continuing operations and as a result, approximately 11.5 million potentially dilutive securities were excluded for computing dilutive earnings per share because the impact would have been anti-dilutive. Accordingly, the weighted average basic shares outstanding were used to compute all earnings per share amounts.

SEGMENT INFORMATION

SEGMENT INFORMATION	6 Months Ended
	Jun. 30, 2015
Segment Reporting [Abstract]
SEGMENT INFORMATION	SEGMENT INFORMATION The overall concept that IAC employs in determining its operating segments is to present the financial information in a manner consistent with how the chief operating decision maker views the businesses, how the businesses are organized as to segment management, and the focus of the businesses with regards to the types of services or products offered or the target market. Operating segments are combined for reporting purposes if they meet certain aggregation criteria, which principally relate to the similarity of their economic characteristics or, in the case of the eCommerce reportable segment, do not meet the quantitative thresholds that require presentation as separate operating segments. Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 (In thousands) Revenue: Search & Applications $ 351,366 $ 395,716 $ 734,264 $ 793,751 The Match Group 254,690 214,314 493,901 425,501 Media 36,210 36,656 79,822 73,011 eCommerce 128,986 109,949 235,996 204,791 Inter-segment eliminations (120 ) (320 ) (339 ) (492 ) Total $ 771,132 $ 756,315 $ 1,543,644 $ 1,496,562 Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 (In thousands) Operating Income (Loss): Search & Applications $ 68,592 $ 77,771 $ 132,892 $ 148,108 The Match Group 51,441 61,198 76,753 101,001 Media (13,775 ) (9,794 ) (29,127 ) (18,360 ) eCommerce (1,004 ) 8 (7,858 ) (1,553 ) Corporate (42,485 ) (33,493 ) (74,772 ) (61,794 ) Total $ 62,769 $ 95,690 $ 97,888 $ 167,402 Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 (In thousands) Adjusted EBITDA: Search & Applications $ 72,910 $ 91,258 $ 151,811 $ 173,329 The Match Group 64,822 69,368 90,678 116,798 Media (15,452 ) (8,911 ) (30,035 ) (16,775 ) eCommerce 2,681 4,523 (456 ) 7,327 Corporate (16,282 ) (14,806 ) (28,162 ) (31,152 ) Total $ 108,679 $ 141,432 $ 183,836 $ 249,527 Revenue by geography is based on where the customer is located. Geographic information about revenue and long-lived assets is presented below: Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 (In thousands) Revenue: United States $ 566,224 $ 511,862 $ 1,136,237 $ 1,016,265 All other countries 204,908 244,453 407,407 480,297 Total $ 771,132 $ 756,315 $ 1,543,644 $ 1,496,562 June 30, December 31, (In thousands) Long-lived assets (excluding goodwill and intangible assets): United States $ 278,004 $ 281,879 All other countries 19,154 20,580 Total $ 297,158 $ 302,459 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 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. 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. The following tables reconcile Adjusted EBITDA to operating income (loss) for the Company's reportable segments: Three Months Ended June 30, 2015 Adjusted EBITDA Stock-Based Compensation Expense Depreciation Amortization of Intangibles Acquisition-related Contingent Consideration Fair Value Adjustments Operating Income (Loss) (In thousands) Search & Applications $ 72,910 $ — $ (3,685 ) $ (6,930 ) $ 6,297 $ 68,592 The Match Group 64,822 (2,056 ) (6,647 ) (5,901 ) 1,223 51,441 Media (15,452 ) (147 ) (228 ) (378 ) 2,430 (13,775 ) eCommerce 2,681 (420 ) (2,063 ) (1,202 ) — (1,004 ) Corporate (16,282 ) (23,326 ) (2,877 ) — — (42,485 ) Total $ 108,679 $ (25,949 ) $ (15,500 ) $ (14,411 ) $ 9,950 $ 62,769 Three Months Ended June 30, 2014 Adjusted EBITDA Stock-Based Compensation Expense Depreciation Amortization of Intangibles Acquisition-related Contingent Consideration Fair Value Adjustments Operating Income (Loss) (In thousands) Search & Applications $ 91,258 $ — $ (5,082 ) $ (8,405 ) $ — $ 77,771 The Match Group 69,368 (170 ) (5,589 ) (1,684 ) (727 ) 61,198 Media (8,911 ) (161 ) (224 ) (698 ) 200 (9,794 ) eCommerce 4,523 — (1,896 ) (2,619 ) — 8 Corporate (14,806 ) (16,221 ) (2,466 ) — — (33,493 ) Total $ 141,432 $ (16,552 ) $ (15,257 ) $ (13,406 ) $ (527 ) $ 95,690 Six Months Ended June 30, 2015 Adjusted EBITDA Stock-Based Compensation Expense Depreciation Amortization of Intangibles Acquisition-related Contingent Consideration Fair Value Adjustments Operating Income (Loss) (In thousands) Search & Applications $ 151,811 $ — $ (7,301 ) $ (13,895 ) $ 2,277 $ 132,892 The Match Group 90,678 (2,669 ) (13,712 ) (9,778 ) 12,234 76,753 Media (30,035 ) (294 ) (432 ) (801 ) 2,435 (29,127 ) eCommerce (456 ) (840 ) (4,070 ) (2,492 ) — (7,858 ) Corporate (28,162 ) (41,057 ) (5,553 ) — — (74,772 ) Total $ 183,836 $ (44,860 ) $ (31,068 ) $ (26,966 ) $ 16,946 $ 97,888 Six Months Ended June 30, 2014 Adjusted EBITDA Stock-Based Compensation Expense Depreciation Amortization of Intangibles Acquisition-related Contingent Consideration Fair Value Adjustments Operating Income (Loss) (In thousands) Search & Applications $ 173,329 $ — $ (9,547 ) $ (15,674 ) $ — $ 148,108 The Match Group 116,798 (187 ) (11,389 ) (3,521 ) (700 ) 101,001 Media (16,775 ) (325 ) (506 ) (954 ) 200 (18,360 ) eCommerce 7,327 — (3,644 ) (5,236 ) — (1,553 ) Corporate (31,152 ) (25,653 ) (4,989 ) — — (61,794 ) Total $ 249,527 $ (26,165 ) $ (30,075 ) $ (25,385 ) $ (500 ) $ 167,402

CONTINGENCIES

CONTINGENCIES	6 Months Ended
	Jun. 30, 2015
Loss Contingency [Abstract]
CONTINGENCIES	CONTINGENCIES In the ordinary course of business, the Company is a party to various lawsuits. The Company establishes reserves for specific legal matters when it determines that the likelihood of an unfavorable outcome is probable and the loss is reasonably estimable. Management has also identified certain other legal matters where we believe an unfavorable outcome is not probable and, therefore, no reserve is established. Although management currently believes that resolving claims against us, including claims where an unfavorable outcome is reasonably possible, will not have a material impact on the liquidity, results of operations, or financial condition of the Company, these matters are subject to inherent uncertainties and management's view of these matters may change in the future. The Company also evaluates other contingent matters, including income and non-income tax contingencies, to assess the likelihood of an unfavorable outcome and estimated extent of potential loss. It is possible that an unfavorable outcome of one or more of these lawsuits or other contingencies could have a material impact on the liquidity, results of operations, or financial condition of the Company. See Note 2 for additional information related to income tax contingencies.

GUARANTOR AND NON-GUARANTOR FIN

GUARANTOR AND NON-GUARANTOR FINANCIAL INFORMATION	6 Months Ended
	Jun. 30, 2015
Guarantor and Nonguarantor Financial Statements [Abstract]
GUARANTOR AND NON-GUARANTOR FINANCIAL INFORMATION	GUARANTOR AND NON-GUARANTOR FINANCIAL INFORMATION The 2013 and 2012 Senior Notes are unconditionally guaranteed, jointly and severally, by certain domestic subsidiaries that are 100% owned by the Company. The following tables present condensed consolidating financial information at June 30, 2015 and December 31, 2014 and for the three and six months ended June 30, 2015 and 2014 for: IAC, on a stand-alone basis; the combined guarantor subsidiaries of IAC; the combined non-guarantor subsidiaries of IAC; and IAC on a consolidated basis. Balance sheet at June 30, 2015: IAC Guarantor Subsidiaries Non-Guarantor Subsidiaries Total Eliminations IAC Consolidated (In thousands) Cash and cash equivalents $ 431,731 $ 4,121 $ 220,557 $ — $ 656,409 Marketable securities 232,917 — 606 — 233,523 Accounts receivable, net 4 132,223 90,879 — 223,106 Other current assets 47,233 97,670 69,692 (4,871 ) 209,724 Intercompany receivables — 1,635,189 942,583 (2,577,772 ) — Property and equipment, net 4,867 228,061 64,230 — 297,158 Goodwill — 1,250,801 528,029 — 1,778,830 Intangible assets, net — 313,275 158,807 — 472,082 Investment in subsidiaries 4,971,322 932,210 — (5,903,532 ) — Other non-current assets 69,644 20,715 115,405 (1,538 ) 204,226 Total assets $ 5,757,718 $ 4,614,265 $ 2,190,788 $ (8,487,713 ) $ 4,075,058 Current portion of long-term debt $ — $ 80,000 $ — $ — $ 80,000 Accounts payable, trade 3,078 57,265 19,091 — 79,434 Other current liabilities 32,661 320,261 203,239 (738 ) 555,423 Long-term debt, net of current portion 1,000,000 — — — 1,000,000 Income taxes payable 892 4,829 19,047 — 24,768 Intercompany liabilities 2,577,772 — — (2,577,772 ) — Other long-term liabilities 327,929 100,370 69,242 (5,671 ) 491,870 Redeemable noncontrolling interests — — 28,177 — 28,177 IAC shareholders' equity 1,815,386 4,051,540 1,851,992 (5,903,532 ) 1,815,386 Total liabilities and shareholders' equity $ 5,757,718 $ 4,614,265 $ 2,190,788 $ (8,487,713 ) $ 4,075,058 Balance sheet at December 31, 2014: IAC Guarantor Subsidiaries Non-Guarantor Subsidiaries Total Eliminations IAC Consolidated (In thousands) Cash and cash equivalents $ 766,076 $ 1,021 $ 223,308 $ — $ 990,405 Marketable securities 159,197 — 1,451 — 160,648 Accounts receivable, net 13 155,262 80,811 — 236,086 Other current assets 23,923 91,105 57,487 (5,773 ) 166,742 Intercompany receivables — 1,688,403 970,810 (2,659,213 ) — Property and equipment, net 4,950 232,819 64,690 — 302,459 Goodwill — 1,249,807 505,119 — 1,754,926 Intangible assets, net — 325,771 166,165 — 491,936 Investment in subsidiaries 5,035,304 930,443 — (5,965,747 ) — Other non-current assets 44,610 20,682 109,372 (2,988 ) 171,676 Total assets $ 6,034,073 $ 4,695,313 $ 2,179,213 $ (8,633,721 ) $ 4,274,878 Accounts payable, trade $ 3,059 $ 55,320 $ 22,784 $ — $ 81,163 Other current liabilities 73,491 328,920 191,197 (817 ) 592,791 Long-term debt 1,000,000 80,000 — — 1,080,000 Income taxes payable 2,240 4,771 25,624 — 32,635 Intercompany liabilities 2,659,213 — — (2,659,213 ) — Other long-term liabilities 304,117 104,219 54,328 (7,944 ) 454,720 Redeemable noncontrolling interests — — 40,427 — 40,427 IAC shareholders' equity 1,991,953 4,122,083 1,843,664 (5,965,747 ) 1,991,953 Noncontrolling interests — — 1,189 — 1,189 Total liabilities and shareholders' equity $ 6,034,073 $ 4,695,313 $ 2,179,213 $ (8,633,721 ) $ 4,274,878 Statement of operations for the three months ended June 30, 2015: IAC Guarantor Subsidiaries Non-Guarantor Subsidiaries Total Eliminations IAC Consolidated (In thousands) Revenue $ — $ 586,067 $ 188,460 $ (3,395 ) $ 771,132 Operating costs and expenses: Cost of revenue (exclusive of depreciation shown separately below) 294 117,383 65,792 (193 ) 183,276 Selling and marketing expense 1,010 264,647 56,949 (3,209 ) 319,397 General and administrative expense 33,942 66,336 29,064 7 129,349 Product development expense 2,330 30,996 13,104 — 46,430 Depreciation 426 11,110 3,964 — 15,500 Amortization of intangibles — 6,226 8,185 — 14,411 Total operating costs and expenses 38,002 496,698 177,058 (3,395 ) 708,363 Operating (loss) income (38,002 ) 89,369 11,402 — 62,769 Equity in earnings of unconsolidated affiliates 70,523 13,353 — (83,876 ) — Interest expense (12,992 ) (2,211 ) (11 ) — (15,214 ) Other (expense) income, net (7,506 ) 17,787 (11,919 ) — (1,638 ) Earnings (loss) from continuing operations before income taxes 12,023 118,298 (528 ) (83,876 ) 45,917 Income tax benefit (provision) 47,435 (40,470 ) 5,003 — 11,968 Earnings from continuing operations 59,458 77,828 4,475 (83,876 ) 57,885 (Loss) earnings from discontinued operations, net of tax (153 ) — 3 (3 ) (153 ) Net earnings 59,305 77,828 4,478 (83,879 ) 57,732 Net loss attributable to noncontrolling interests — — 1,573 — 1,573 Net earnings attributable to IAC shareholders $ 59,305 $ 77,828 $ 6,051 $ (83,879 ) $ 59,305 Comprehensive income attributable to IAC shareholders $ 72,283 $ 79,129 $ 15,106 $ (94,235 ) $ 72,283 Statement of operations for the three months ended June 30, 2014: IAC Guarantor Subsidiaries Non-Guarantor Subsidiaries Total Eliminations IAC Consolidated (In thousands) Revenue $ — $ 556,162 $ 203,497 $ (3,344 ) $ 756,315 Operating costs and expenses: Cost of revenue (exclusive of depreciation shown separately below) 383 126,162 84,872 (687 ) 210,730 Selling and marketing expense 619 220,152 54,158 (2,439 ) 272,490 General and administrative expense 26,609 48,459 34,816 13 109,897 Product development expense 1,705 26,305 11,066 (231 ) 38,845 Depreciation 312 9,224 5,721 — 15,257 Amortization of intangibles — 9,659 3,747 — 13,406 Total operating costs and expenses 29,628 439,961 194,380 (3,344 ) 660,625 Operating (loss) income (29,628 ) 116,201 9,117 — 95,690 Equity in earnings of unconsolidated affiliates 8,264 5,297 — (13,561 ) — Interest expense (12,985 ) (1,052 ) (9 ) — (14,046 ) Other income (expense), net 6,537 (13,834 ) (62,453 ) — (69,750 ) (Loss) earnings from continuing operations before income taxes (27,812 ) 106,612 (53,345 ) (13,561 ) 11,894 Income tax benefit (provision) 10,684 (39,785 ) (788 ) — (29,889 ) (Loss) earnings from continuing operations (17,128 ) 66,827 (54,133 ) (13,561 ) (17,995 ) Loss from discontinued operations, net of tax (868 ) — (27 ) 27 (868 ) Net (loss) earnings (17,996 ) 66,827 (54,160 ) (13,534 ) (18,863 ) Net loss attributable to noncontrolling interests — — 867 — 867 Net (loss) earnings attributable to IAC shareholders $ (17,996 ) $ 66,827 $ (53,293 ) $ (13,534 ) $ (17,996 ) Comprehensive (loss) income attributable to IAC shareholders $ (20,205 ) $ 66,163 $ (55,879 ) $ (10,284 ) $ (20,205 ) Statement of operations for the six months ended June 30, 2015: IAC Guarantor Subsidiaries Non-Guarantor Subsidiaries Total Eliminations IAC Consolidated (In thousands) Revenue $ — $ 1,180,868 $ 368,820 $ (6,044 ) $ 1,543,644 Operating costs and expenses: Cost of revenue (exclusive of depreciation shown separately below) 539 237,124 137,556 (390 ) 374,829 Selling and marketing expense 2,065 553,272 127,345 (5,619 ) 677,063 General and administrative expense 58,006 132,089 54,083 (35 ) 244,143 Product development expense 4,507 62,130 25,050 — 91,687 Depreciation 827 22,690 7,551 — 31,068 Amortization of intangibles — 12,496 14,470 — 26,966 Total operating costs and expenses 65,944 1,019,801 366,055 (6,044 ) 1,445,756 Operating (loss) income (65,944 ) 161,067 2,765 — 97,888 Equity in earnings of unconsolidated affiliates 124,647 17,049 — (141,696 ) — Interest expense (25,982 ) (3,257 ) (39 ) — (29,278 ) Other (expense) income, net (16,859 ) 29,179 (6,970 ) — 5,350 Earnings (loss) from continuing operations before income taxes 15,862 204,038 (4,244 ) (141,696 ) 73,960 Income tax benefit (provision) 69,876 (72,266 ) 8,178 — 5,788 Earnings from continuing operations 85,738 131,772 3,934 (141,696 ) 79,748 (Loss) earnings from discontinued operations, net of tax (28 ) — 3 (3 ) (28 ) Net earnings 85,710 131,772 3,937 (141,699 ) 79,720 Net loss attributable to noncontrolling interests — — 5,990 — 5,990 Net earnings attributable to IAC shareholders $ 85,710 $ 131,772 $ 9,927 $ (141,699 ) $ 85,710 Comprehensive income (loss) attributable to IAC shareholders $ 43,115 $ 127,288 $ (37,762 ) $ (89,526 ) $ 43,115 Statement of operations for the six months ended June 30, 2014: IAC Guarantor Subsidiaries Non-Guarantor Subsidiaries Total Eliminations IAC Consolidated (In thousands) Revenue $ — $ 1,102,488 $ 400,404 $ (6,330 ) $ 1,496,562 Operating costs and expenses: Cost of revenue (exclusive of depreciation shown separately below) 355 255,463 165,793 (1,647 ) 419,964 Selling and marketing expense 811 456,493 117,922 (4,137 ) 571,089 General and administrative expense 49,055 94,134 61,771 26 204,986 Product development expense 3,176 53,401 21,656 (572 ) 77,661 Depreciation 641 18,785 10,649 — 30,075 Amortization of intangibles — 18,660 6,725 — 25,385 Total operating costs and expenses 54,038 896,936 384,516 (6,330 ) 1,329,160 Operating (loss) income (54,038 ) 205,552 15,888 — 167,402 Equity in earnings of unconsolidated affiliates 62,561 5,541 — (68,102 ) — Interest expense (25,970 ) (2,094 ) (46 ) — (28,110 ) Other income (expense), net 16,222 (24,361 ) (63,569 ) — (71,708 ) (Loss) earnings from continuing operations before income taxes (1,225 ) 184,638 (47,727 ) (68,102 ) 67,584 Income tax benefit (provision) 20,796 (69,729 ) (2,341 ) — (51,274 ) Earnings (loss) from continuing operations 19,571 114,909 (50,068 ) (68,102 ) 16,310 Loss from discontinued operations, net of tax (1,682 ) — (40 ) 40 (1,682 ) Net earnings (loss) 17,889 114,909 (50,108 ) (68,062 ) 14,628 Net loss attributable to noncontrolling interests — — 3,261 — 3,261 Net earnings (loss) attributable to IAC shareholders $ 17,889 $ 114,909 $ (46,847 ) $ (68,062 ) $ 17,889 Comprehensive income (loss) attributable to IAC shareholders $ 21,029 $ 114,629 $ (45,764 ) $ (68,865 ) $ 21,029 Statement of cash flows for the six months ended June 30, 2015: IAC Guarantor Subsidiaries Non-Guarantor Subsidiaries IAC Consolidated (In thousands) Net cash (used in) provided by operating activities attributable to continuing operations $ (124,420 ) $ 232,853 $ (22,654 ) $ 85,779 Cash flows from investing activities attributable to continuing operations: Acquisitions, net of cash acquired — (3,675 ) (39,611 ) (43,286 ) Capital expenditures (988 ) (18,242 ) (7,586 ) (26,816 ) Proceeds from maturities and sales of marketable debt securities 14,613 — — 14,613 Purchases of marketable debt securities (93,134 ) — — (93,134 ) Purchases of long-term investments — — (12,840 ) (12,840 ) Other, net 3,613 (1,086 ) 6,072 8,599 Net cash used in investing activities attributable to continuing operations (75,896 ) (23,003 ) (53,965 ) (152,864 ) Cash flows from financing activities attributable to continuing operations: Purchase of treasury stock (200,000 ) — — (200,000 ) Dividends (56,729 ) — — (56,729 ) Issuance of common stock, net of withholding taxes (20,656 ) — — (20,656 ) Excess tax benefits from stock-based awards 36,334 — 131 36,465 Purchase of noncontrolling interests — — (15,338 ) (15,338 ) Acquisition-related contingent consideration payments — (195 ) (5,510 ) (5,705 ) Intercompany 107,102 (206,557 ) 99,455 — Other, net 166 — 264 430 Net cash (used in) provided by financing activities attributable to continuing operations (133,783 ) (206,752 ) 79,002 (261,533 ) Total cash (used in) provided by continuing operations (334,099 ) 3,098 2,383 (328,618 ) Total cash (used in) provided by discontinued operations (246 ) — 3 (243 ) Effect of exchange rate changes on cash and cash equivalents — 2 (5,137 ) (5,135 ) Net (decrease) increase in cash and cash equivalents (334,345 ) 3,100 (2,751 ) (333,996 ) Cash and cash equivalents at beginning of period 766,076 1,021 223,308 990,405 Cash and cash equivalents at end of period $ 431,731 $ 4,121 $ 220,557 $ 656,409 Statement of cash flows for the six months ended June 30, 2014: IAC Guarantor Subsidiaries Non-Guarantor Subsidiaries IAC Consolidated (In thousands) Net cash (used in) provided by operating activities attributable to continuing operations $ (38,576 ) $ 193,388 $ (6,041 ) $ 148,771 Cash flows from investing activities attributable to continuing operations: Acquisitions, net of cash acquired — (88,205 ) (15,175 ) (103,380 ) Capital expenditures (2,390 ) (16,477 ) (7,690 ) (26,557 ) Proceeds from maturities and sales of marketable debt securities 998 — — 998 Purchases of marketable debt securities (78,380 ) — — (78,380 ) Purchases of long-term investments (3,000 ) (6,761 ) (4,940 ) (14,701 ) Other, net — 11 2,176 2,187 Net cash used in investing activities attributable to continuing operations (82,772 ) (111,432 ) (25,629 ) (219,833 ) Cash flows from financing activities attributable to continuing operations: Dividends (40,086 ) — — (40,086 ) Issuance of common stock, net of withholding taxes (13,823 ) — — (13,823 ) Excess tax benefits from stock-based awards 22,116 — 10,773 32,889 Purchase of noncontrolling interests — (30,000 ) — (30,000 ) Funds returned from escrow for Meetic tender offer — — 12,354 12,354 Acquisition-related contingent consideration payments — (257 ) (7,373 ) (7,630 ) Intercompany 104,410 (51,723 ) (52,687 ) — Other, net (383 ) — 242 (141 ) Net cash provided by (used in) financing activities attributable to continuing operations 72,234 (81,980 ) (36,691 ) (46,437 ) Total cash used in continuing operations (49,114 ) (24 ) (68,361 ) (117,499 ) Total cash used in discontinued operations (116 ) — (41 ) (157 ) Effect of exchange rate changes on cash and cash equivalents — 24 4,514 4,538 Net decrease in cash and cash equivalents (49,230 ) — (63,888 ) (113,118 ) Cash and cash equivalents at beginning of period 782,022 — 318,422 1,100,444 Cash and cash equivalents at end of period $ 732,792 $ — $ 254,534 $ 987,326

SUBSEQUENT EVENT

SUBSEQUENT EVENT	6 Months Ended
	Jun. 30, 2015
Subsequent Events [Abstract]
Subsequent Event	SUBSEQUENT EVENT On July 14, 2015, the Company announced that The Match Group had entered into a definitive agreement to purchase PlentyOfFish for $575 million in cash. The acquisition is expected to close in the fourth quarter of 2015.

THE COMPANY AND SUMMARY OF SI20

THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The Company prepares its consolidated financial statements in accordance with U.S. generally accepted accounting principles ("GAAP").
Basis of Consolidation and Accounting for Investments	Basis of Consolidation and Accounting for Investments The consolidated financial statements include the accounts of the Company, all entities that are wholly-owned by the Company and all entities in which the Company has a controlling financial interest. Intercompany transactions and accounts have been eliminated. Investments in the common stock or in-substance common stock of entities in which the Company has the ability to exercise significant influence over the operating and financial matters of the investee, but does not have a controlling financial interest, are accounted for using the equity method and are included in "Long-term investments" in the accompanying consolidated balance sheet. The accompanying unaudited consolidated financial statements have been prepared in accordance with GAAP for interim financial information and with the rules and regulations of the Securities and Exchange Commission. Accordingly, they do not include all of the information and notes required by GAAP for complete financial statements. In the opinion of management, the accompanying unaudited consolidated financial statements include all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation. Interim results are not necessarily indicative of the results that may be expected for the full year. The accompanying unaudited consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company's Annual Report on Form 10-K for the year ended December 31, 2014.
Accounting Estimates	Accounting Estimates The preparation of consolidated financial statements in accordance with GAAP requires management to make certain estimates, judgments and assumptions that impact the reported amounts of assets, liabilities, revenue and expenses and the related disclosure of contingent assets and liabilities. Actual results could differ from these estimates. On an ongoing basis, the Company evaluates its estimates and judgments including those related to: the fair values of marketable securities and other investments; the recoverability of goodwill and indefinite-lived intangible assets; the useful lives and recovery of definite-lived intangible assets and property and equipment; the carrying value of accounts receivable, including the determination of the allowance for doubtful accounts and revenue reserves; the fair value of acquisition-related contingent consideration; the liabilities for uncertain tax positions; the valuation allowance for deferred income tax assets; and the fair value of and forfeiture rates for stock-based awards, among others. The Company bases its estimates and judgments on historical experience, its forecasts and budgets and other factors that the Company considers relevant.
Certain Risks and Concentrations	Certain Risks and Concentrations A substantial portion of the Company's revenue is derived from online advertising, the market for which is highly competitive and rapidly changing. Significant changes in this industry or changes in advertising spending behavior or in customer buying behavior could adversely affect our operating results. Most of the Company's online advertising revenue is attributable to a services agreement with Google Inc. ("Google"), which expires on March 31, 2016 . Our services agreement requires that we comply with certain guidelines promulgated by Google. Subject to certain limitations, Google may unilaterally update its policies and guidelines, which could require modifications to, or prohibit and/or render obsolete certain of our products, services and/or business practices, which could be costly to address or otherwise have an adverse effect on our business, financial condition and results of operations.
Recent Accounting Pronouncement	Recent Accounting Pronouncement In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2014-09, Revenue from Contracts with Customers, which clarifies the principles for recognizing revenue and develops a common standard for all industries. In July 2015, the FASB decided to defer the effective date for annual reporting periods beginning after December 15, 2017. Early adoption is permitted beginning on the original effective date of December 15, 2016. Upon adoption, ASU No. 2014-09 may either be applied retrospectively to each prior period presented or retrospectively with the cumulative effect recognized as of the date of initial application. The Company is currently evaluating the new guidance and has not yet determined whether the adoption of the new standard will have a material impact on its consolidated financial statements or the method and timing of adoption
Reclassifications	Reclassifications Certain prior year amounts have been reclassified to conform to the current year presentation.

MARKETABLE SECURITIES (Tables)

MARKETABLE SECURITIES (Tables)	6 Months Ended
	Jun. 30, 2015
Marketable Securities [Abstract]
Schedule of current available-for-sale marketable securities	At June 30, 2015 , current available-for-sale marketable securities are as follows: Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (In thousands) Corporate debt securities $ 232,766 $ 151 $ — $ 232,917 Equity security 97 509 — 606 Total marketable securities $ 232,863 $ 660 $ — $ 233,523 At December 31, 2014 , current available-for-sale marketable securities are as follows: Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (In thousands) Corporate debt securities $ 159,418 $ 34 $ (255 ) $ 159,197 Equity security 98 1,353 — 1,451 Total marketable securities $ 159,516 $ 1,387 $ (255 ) $ 160,648
Schedule of contractual maturities of debt securities classified as available-for-sale	The contractual maturities of debt securities classified as current available-for-sale at June 30, 2015 are as follows: Amortized Cost Fair Value (In thousands) Due in one year or less $ 95,946 $ 95,979 Due after one year through five years 136,820 136,938 Total $ 232,766 $ 232,917
Schedule of proceeds from maturities and sales of current and non-current available-for-sale marketable securities and the related gross realized gains and losses	The following table presents the proceeds from maturities and sales of current and non-current available-for-sale marketable securities and the related gross realized gains: Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 (In thousands) Proceeds from maturities and sales of available-for-sale marketable securities $ 8,563 $ 3,462 $ 14,613 $ 3,462 Gross realized gains 5 2,299 5 2,299

FAIR VALUE MEASUREMENTS AND F22

FAIR VALUE MEASUREMENTS AND FINANCIAL INSTRUMENTS (Tables)	6 Months Ended
	Jun. 30, 2015
Fair Value Disclosures [Abstract]
Schedule of assets measured at fair value on a recurring basis	The following tables present the Company's financial instruments that are measured at fair value on a recurring basis: June 30, 2015 Quoted Market Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Fair Value Measurements (In thousands) Assets: Cash equivalents: Money market funds $ 207,014 $ — $ — $ 207,014 Commercial paper — 76,789 — 76,789 Time deposits — 32,457 — 32,457 Marketable securities: Corporate debt securities — 232,917 — 232,917 Equity security 606 — — 606 Long-term investments: Auction rate security — — 6,630 6,630 Marketable equity security 11,388 — — 11,388 Total $ 219,008 $ 342,163 $ 6,630 $ 567,801 Liabilities: Contingent consideration arrangements $ — $ — $ (31,858 ) $ (31,858 ) December 31, 2014 Quoted Market Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Fair Value Measurements (In thousands) Assets: Cash equivalents: Money market funds $ 174,720 $ — $ — $ 174,720 Commercial paper — 388,801 — 388,801 Time deposits — 42,914 — 42,914 Marketable securities: Corporate debt securities — 159,197 — 159,197 Equity security 1,451 — — 1,451 Long-term investments: Auction rate security — — 6,070 6,070 Marketable equity security 7,410 — — 7,410 Total $ 183,581 $ 590,912 $ 6,070 $ 780,563 Liabilities: Contingent consideration arrangements $ — $ — $ (30,140 ) $ (30,140 )
Schedule of changes in assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3)	The following tables present the changes in the Company's financial instruments that are measured at fair value on a recurring basis using significant unobservable inputs (Level 3): Three Months Ended June 30, 2015 2014 Auction Rate Security Contingent Consideration Arrangements Auction Rate Security Contingent Consideration Arrangements (In thousands) Balance at April 1 $ 6,190 $ (20,964 ) $ 9,150 $ (48,758 ) Total net gains (losses): Included in earnings: Fair value adjustments — 9,950 — (527 ) Foreign currency exchange losses — (4 ) — — Included in other comprehensive income (loss) 440 384 100 499 Fair value at date of acquisition — (26,749 ) — — Settlements — 5,525 — 7,389 Balance at June 30 $ 6,630 $ (31,858 ) $ 9,250 $ (41,397 ) Six Months Ended June 30, 2015 2014 Auction Rate Security Contingent Consideration Arrangements Auction Rate Security Contingent Consideration Arrangements (In thousands) Balance at January 1 $ 6,070 $ (30,140 ) $ 8,920 $ (45,828 ) Total net gains (losses): Included in earnings: Fair value adjustments — 16,946 — (500 ) Foreign currency exchange gains — 626 — — Included in other comprehensive income (loss) 560 2,117 330 136 Fair value at date of acquisition — (27,112 ) — (2,835 ) Settlements — 5,705 — 7,630 Balance at June 30 $ 6,630 $ (31,858 ) $ 9,250 $ (41,397 )
Schedule of changes in liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3)	The following tables present the changes in the Company's financial instruments that are measured at fair value on a recurring basis using significant unobservable inputs (Level 3): Three Months Ended June 30, 2015 2014 Auction Rate Security Contingent Consideration Arrangements Auction Rate Security Contingent Consideration Arrangements (In thousands) Balance at April 1 $ 6,190 $ (20,964 ) $ 9,150 $ (48,758 ) Total net gains (losses): Included in earnings: Fair value adjustments — 9,950 — (527 ) Foreign currency exchange losses — (4 ) — — Included in other comprehensive income (loss) 440 384 100 499 Fair value at date of acquisition — (26,749 ) — — Settlements — 5,525 — 7,389 Balance at June 30 $ 6,630 $ (31,858 ) $ 9,250 $ (41,397 ) Six Months Ended June 30, 2015 2014 Auction Rate Security Contingent Consideration Arrangements Auction Rate Security Contingent Consideration Arrangements (In thousands) Balance at January 1 $ 6,070 $ (30,140 ) $ 8,920 $ (45,828 ) Total net gains (losses): Included in earnings: Fair value adjustments — 16,946 — (500 ) Foreign currency exchange gains — 626 — — Included in other comprehensive income (loss) 560 2,117 330 136 Fair value at date of acquisition — (27,112 ) — (2,835 ) Settlements — 5,705 — 7,630 Balance at June 30 $ 6,630 $ (31,858 ) $ 9,250 $ (41,397 )
Carrying value and the fair value of financial instruments measured at fair value only for disclosure purposes	The following table presents the carrying value and the fair value of financial instruments measured at fair value only for disclosure purposes: June 30, 2015 December 31, 2014 Carrying Fair Carrying Fair (In thousands) Current portion of long-term debt $ (80,000 ) $ (80,000 ) $ — $ — Long-term debt, net of current portion (1,000,000 ) (1,025,345 ) (1,080,000 ) (1,099,813 )

LONG-TERM DEBT (Tables)

LONG-TERM DEBT (Tables)	6 Months Ended
	Jun. 30, 2015
Debt Disclosure [Abstract]
Schedule of Long-term Debt	Long-term debt consists of: June 30, 2015 December 31, 2014 (In thousands) 4.875% Senior Notes due November 30, 2018 (the "2013 Senior Notes"); interest payable each May 30 and November 30, which commenced May 30, 2014 $ 500,000 $ 500,000 4.75% Senior Notes due December 15, 2022 (the "2012 Senior Notes"); interest payable each June 15 and December 15, which commenced June 15, 2013 500,000 500,000 5% New York City Industrial Development Agency Liberty Bonds due September 1, 2035 (the "Liberty Bonds"); interest payable each March 1 and September 1, which commenced March 1, 2006 (a) — 80,000 Total long-term debt $ 1,000,000 $ 1,080,000 _________________________________________ (a) $80.0 million reflected as short-term debt at June 30, 2015 as the Liberty Bonds are scheduled to be redeemed on September 1, 2015.

ACCUMULATED OTHER COMPREHENSI24

ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)	6 Months Ended
	Jun. 30, 2015
Equity [Abstract]
Schedule of accumulated other comprehensive loss	The following tables present the components of accumulated other comprehensive (loss) income. Three Months Ended June 30, 2015 Foreign Currency Translation Adjustment Unrealized (Losses) Gains On Available-For-Sale Securities Accumulated Other Comprehensive Loss (In thousands) Balance as of April 1 $ (143,182 ) $ (91 ) $ (143,273 ) Other comprehensive income, net of tax benefit of $0.2 million related to unrealized losses on available-for-sale securities 9,287 3,528 12,815 Amounts reclassified to earnings related to unrealized losses on available-for-sale securities, net of a tax benefit of $0.1 million — 163 163 Net current period other comprehensive income 9,287 3,691 12,978 Balance as of June 30 $ (133,895 ) $ 3,600 $ (130,295 ) Three Months Ended June 30, 2014 Foreign Currency Translation Adjustment Unrealized Gains (Losses)On Available-For-Sale Securities Accumulated Other Comprehensive Loss (In thousands) Balance as of April 1 $ (15,132 ) $ 7,435 $ (7,697 ) Other comprehensive loss before reclassifications, net of tax benefit of $0.1 million related to unrealized gains on available-for-sale securities (150 ) (799 ) (949 ) Amounts reclassified to earnings related to unrealized losses on available-for-sale securities, net of tax benefit of $0.8 million — (1,260 ) (1,260 ) Net current period other comprehensive loss (150 ) (2,059 ) (2,209 ) Balance as of June 30 $ (15,282 ) $ 5,376 $ (9,906 ) Six Months Ended June 30, 2015 Foreign Currency Translation Adjustment Unrealized (Losses) Gains On Available-For-Sale Securities Accumulated Other Comprehensive Loss (In thousands) Balance as of December 31 $ (86,848 ) $ (852 ) $ (87,700 ) Other comprehensive (loss) income, net of tax benefit of $0.3 million related to unrealized losses on available-for-sale securities (47,047 ) 4,289 (42,758 ) Amounts reclassified to earnings related to unrealized losses on available-for-sale securities, net of a tax benefit of $0.1 million — 163 163 Net current period other comprehensive (loss) income (47,047 ) 4,452 (42,595 ) Balance as of June 30 $ (133,895 ) $ 3,600 $ (130,295 ) Six Months Ended June 30, 2014 Foreign Currency Translation Adjustment Unrealized Gains (Losses)On Available-For-Sale Securities Accumulated Other Comprehensive Loss (In thousands) Balance as of December 31 $ (20,352 ) $ 7,306 $ (13,046 ) Other comprehensive income (loss) before reclassifications, net of tax benefit of $0.7 million related to unrealized gains on available-for-sale securities 5,070 (670 ) 4,400 Amounts reclassified to earnings related to unrealized losses on available-for-sale securities, net of tax benefit of $0.8 million — (1,260 ) (1,260 ) Net current period other comprehensive income (loss) 5,070 (1,930 ) 3,140 Balance as of June 30 $ (15,282 ) $ 5,376 $ (9,906 )

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	6 Months Ended
	Jun. 30, 2015
Earnings Per Share [Abstract]
Computation of basic and diluted earnings per share	The following tables set forth the computation of basic and diluted earnings (loss) per share attributable to IAC shareholders. Three Months Ended June 30, 2015 2014 Basic Diluted Basic Diluted (In thousands, except per share data) Numerator: Earnings (loss) from continuing operations $ 57,885 $ 57,885 $ (17,995 ) $ (17,995 ) Net loss attributable to noncontrolling interests 1,573 1,573 867 867 Earnings (loss) from continuing operations attributable to IAC shareholders 59,458 59,458 (17,128 ) (17,128 ) Loss from discontinued operations attributable to IAC shareholders (153 ) (153 ) (868 ) (868 ) Net earnings (loss) attributable to IAC shareholders $ 59,305 $ 59,305 $ (17,996 ) $ (17,996 ) Denominator: Weighted average basic shares outstanding 82,416 82,416 83,178 83,178 Dilutive securities including stock options and RSUs (a)(b) — 4,674 — — Denominator for earnings per share—weighted average shares (a)(b) 82,416 87,090 83,178 83,178 Earnings (loss) per share attributable to IAC shareholders: Earnings (loss) per share from continuing operations $ 0.72 $ 0.68 $ (0.21 ) $ (0.21 ) Discontinued operations — — (0.01 ) (0.01 ) Earnings (loss) per share $ 0.72 $ 0.68 $ (0.22 ) $ (0.22 ) Six Months Ended June 30, 2015 2014 Basic Diluted Basic Diluted (In thousands, except per share data) Numerator: Earnings from continuing operations $ 79,748 $ 79,748 $ 16,310 $ 16,310 Net loss attributable to noncontrolling interests 5,990 5,990 3,261 3,261 Earnings from continuing operations attributable to IAC shareholders 85,738 85,738 19,571 19,571 Loss from discontinued operations attributable to IAC shareholders (28 ) (28 ) (1,682 ) (1,682 ) Net earnings attributable to IAC shareholders $ 85,710 $ 85,710 $ 17,889 $ 17,889 Denominator: Weighted average basic shares outstanding 82,932 82,932 82,833 82,833 Dilutive securities including stock options and RSUs (a) — 4,989 — 5,150 Denominator for earnings per share—weighted average shares (a) 82,932 87,921 82,833 87,983 Earnings (loss) per share attributable to IAC shareholders: Earnings per share from continuing operations $ 1.03 $ 0.98 $ 0.24 $ 0.22 Discontinued operations — (0.01 ) (0.02 ) (0.02 ) Earnings per share $ 1.03 $ 0.97 $ 0.22 $ 0.20 _________________________________________ (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 three and six months ended June 30, 2015 approximately 1.0 million and 1.2 million potentially dilutive securities, respectively, are excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive. For the six months ended June 30, 2014, there are no securities that are excluded from the calculation of diluted earnings per share. (b) For the three months ended June 30, 2014, the Company had a loss from continuing operations and as a result, approximately 11.5 million potentially dilutive securities were excluded for computing dilutive earnings per share because the impact would have been anti-dilutive. Accordingly, the weighted average basic shares outstanding were used to compute all earnings per share amounts.

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	6 Months Ended
	Jun. 30, 2015
Segment Reporting [Abstract]
Schedule of reconciliation of revenues from segments to consolidated	Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 (In thousands) Revenue: Search & Applications $ 351,366 $ 395,716 $ 734,264 $ 793,751 The Match Group 254,690 214,314 493,901 425,501 Media 36,210 36,656 79,822 73,011 eCommerce 128,986 109,949 235,996 204,791 Inter-segment eliminations (120 ) (320 ) (339 ) (492 ) Total $ 771,132 $ 756,315 $ 1,543,644 $ 1,496,562
Schedule of reconciliation of operating income (loss) from segments to consolidated	Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 (In thousands) Operating Income (Loss): Search & Applications $ 68,592 $ 77,771 $ 132,892 $ 148,108 The Match Group 51,441 61,198 76,753 101,001 Media (13,775 ) (9,794 ) (29,127 ) (18,360 ) eCommerce (1,004 ) 8 (7,858 ) (1,553 ) Corporate (42,485 ) (33,493 ) (74,772 ) (61,794 ) Total $ 62,769 $ 95,690 $ 97,888 $ 167,402
Schedule of reconciliation of Adjusted EBITDA from segments to consolidated	Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 (In thousands) Adjusted EBITDA: Search & Applications $ 72,910 $ 91,258 $ 151,811 $ 173,329 The Match Group 64,822 69,368 90,678 116,798 Media (15,452 ) (8,911 ) (30,035 ) (16,775 ) eCommerce 2,681 4,523 (456 ) 7,327 Corporate (16,282 ) (14,806 ) (28,162 ) (31,152 ) Total $ 108,679 $ 141,432 $ 183,836 $ 249,527
Schedule of revenue and long-lived assets, excluding goodwill and intangible assets, by geography	Revenue by geography is based on where the customer is located. Geographic information about revenue and long-lived assets is presented below: Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 (In thousands) Revenue: United States $ 566,224 $ 511,862 $ 1,136,237 $ 1,016,265 All other countries 204,908 244,453 407,407 480,297 Total $ 771,132 $ 756,315 $ 1,543,644 $ 1,496,562 June 30, December 31, (In thousands) Long-lived assets (excluding goodwill and intangible assets): United States $ 278,004 $ 281,879 All other countries 19,154 20,580 Total $ 297,158 $ 302,459
Schedule of reconciliation of Adjusted EBITDA to operating income (loss) for the entity's reportable segments	The following tables reconcile Adjusted EBITDA to operating income (loss) for the Company's reportable segments: Three Months Ended June 30, 2015 Adjusted EBITDA Stock-Based Compensation Expense Depreciation Amortization of Intangibles Acquisition-related Contingent Consideration Fair Value Adjustments Operating Income (Loss) (In thousands) Search & Applications $ 72,910 $ — $ (3,685 ) $ (6,930 ) $ 6,297 $ 68,592 The Match Group 64,822 (2,056 ) (6,647 ) (5,901 ) 1,223 51,441 Media (15,452 ) (147 ) (228 ) (378 ) 2,430 (13,775 ) eCommerce 2,681 (420 ) (2,063 ) (1,202 ) — (1,004 ) Corporate (16,282 ) (23,326 ) (2,877 ) — — (42,485 ) Total $ 108,679 $ (25,949 ) $ (15,500 ) $ (14,411 ) $ 9,950 $ 62,769 Three Months Ended June 30, 2014 Adjusted EBITDA Stock-Based Compensation Expense Depreciation Amortization of Intangibles Acquisition-related Contingent Consideration Fair Value Adjustments Operating Income (Loss) (In thousands) Search & Applications $ 91,258 $ — $ (5,082 ) $ (8,405 ) $ — $ 77,771 The Match Group 69,368 (170 ) (5,589 ) (1,684 ) (727 ) 61,198 Media (8,911 ) (161 ) (224 ) (698 ) 200 (9,794 ) eCommerce 4,523 — (1,896 ) (2,619 ) — 8 Corporate (14,806 ) (16,221 ) (2,466 ) — — (33,493 ) Total $ 141,432 $ (16,552 ) $ (15,257 ) $ (13,406 ) $ (527 ) $ 95,690 Six Months Ended June 30, 2015 Adjusted EBITDA Stock-Based Compensation Expense Depreciation Amortization of Intangibles Acquisition-related Contingent Consideration Fair Value Adjustments Operating Income (Loss) (In thousands) Search & Applications $ 151,811 $ — $ (7,301 ) $ (13,895 ) $ 2,277 $ 132,892 The Match Group 90,678 (2,669 ) (13,712 ) (9,778 ) 12,234 76,753 Media (30,035 ) (294 ) (432 ) (801 ) 2,435 (29,127 ) eCommerce (456 ) (840 ) (4,070 ) (2,492 ) — (7,858 ) Corporate (28,162 ) (41,057 ) (5,553 ) — — (74,772 ) Total $ 183,836 $ (44,860 ) $ (31,068 ) $ (26,966 ) $ 16,946 $ 97,888 Six Months Ended June 30, 2014 Adjusted EBITDA Stock-Based Compensation Expense Depreciation Amortization of Intangibles Acquisition-related Contingent Consideration Fair Value Adjustments Operating Income (Loss) (In thousands) Search & Applications $ 173,329 $ — $ (9,547 ) $ (15,674 ) $ — $ 148,108 The Match Group 116,798 (187 ) (11,389 ) (3,521 ) (700 ) 101,001 Media (16,775 ) (325 ) (506 ) (954 ) 200 (18,360 ) eCommerce 7,327 — (3,644 ) (5,236 ) — (1,553 ) Corporate (31,152 ) (25,653 ) (4,989 ) — — (61,794 ) Total $ 249,527 $ (26,165 ) $ (30,075 ) $ (25,385 ) $ (500 ) $ 167,402

GUARANTOR AND NON-GUARANTOR F27

GUARANTOR AND NON-GUARANTOR FINANCIAL INFORMATION (Tables)	6 Months Ended
	Jun. 30, 2015
Guarantor and Nonguarantor Financial Statements [Abstract]
Schedule of condensed balance sheet	Balance sheet at June 30, 2015: IAC Guarantor Subsidiaries Non-Guarantor Subsidiaries Total Eliminations IAC Consolidated (In thousands) Cash and cash equivalents $ 431,731 $ 4,121 $ 220,557 $ — $ 656,409 Marketable securities 232,917 — 606 — 233,523 Accounts receivable, net 4 132,223 90,879 — 223,106 Other current assets 47,233 97,670 69,692 (4,871 ) 209,724 Intercompany receivables — 1,635,189 942,583 (2,577,772 ) — Property and equipment, net 4,867 228,061 64,230 — 297,158 Goodwill — 1,250,801 528,029 — 1,778,830 Intangible assets, net — 313,275 158,807 — 472,082 Investment in subsidiaries 4,971,322 932,210 — (5,903,532 ) — Other non-current assets 69,644 20,715 115,405 (1,538 ) 204,226 Total assets $ 5,757,718 $ 4,614,265 $ 2,190,788 $ (8,487,713 ) $ 4,075,058 Current portion of long-term debt $ — $ 80,000 $ — $ — $ 80,000 Accounts payable, trade 3,078 57,265 19,091 — 79,434 Other current liabilities 32,661 320,261 203,239 (738 ) 555,423 Long-term debt, net of current portion 1,000,000 — — — 1,000,000 Income taxes payable 892 4,829 19,047 — 24,768 Intercompany liabilities 2,577,772 — — (2,577,772 ) — Other long-term liabilities 327,929 100,370 69,242 (5,671 ) 491,870 Redeemable noncontrolling interests — — 28,177 — 28,177 IAC shareholders' equity 1,815,386 4,051,540 1,851,992 (5,903,532 ) 1,815,386 Total liabilities and shareholders' equity $ 5,757,718 $ 4,614,265 $ 2,190,788 $ (8,487,713 ) $ 4,075,058 Balance sheet at December 31, 2014: IAC Guarantor Subsidiaries Non-Guarantor Subsidiaries Total Eliminations IAC Consolidated (In thousands) Cash and cash equivalents $ 766,076 $ 1,021 $ 223,308 $ — $ 990,405 Marketable securities 159,197 — 1,451 — 160,648 Accounts receivable, net 13 155,262 80,811 — 236,086 Other current assets 23,923 91,105 57,487 (5,773 ) 166,742 Intercompany receivables — 1,688,403 970,810 (2,659,213 ) — Property and equipment, net 4,950 232,819 64,690 — 302,459 Goodwill — 1,249,807 505,119 — 1,754,926 Intangible assets, net — 325,771 166,165 — 491,936 Investment in subsidiaries 5,035,304 930,443 — (5,965,747 ) — Other non-current assets 44,610 20,682 109,372 (2,988 ) 171,676 Total assets $ 6,034,073 $ 4,695,313 $ 2,179,213 $ (8,633,721 ) $ 4,274,878 Accounts payable, trade $ 3,059 $ 55,320 $ 22,784 $ — $ 81,163 Other current liabilities 73,491 328,920 191,197 (817 ) 592,791 Long-term debt 1,000,000 80,000 — — 1,080,000 Income taxes payable 2,240 4,771 25,624 — 32,635 Intercompany liabilities 2,659,213 — — (2,659,213 ) — Other long-term liabilities 304,117 104,219 54,328 (7,944 ) 454,720 Redeemable noncontrolling interests — — 40,427 — 40,427 IAC shareholders' equity 1,991,953 4,122,083 1,843,664 (5,965,747 ) 1,991,953 Noncontrolling interests — — 1,189 — 1,189 Total liabilities and shareholders' equity $ 6,034,073 $ 4,695,313 $ 2,179,213 $ (8,633,721 ) $ 4,274,878
Schedule of condensed income statement	Statement of operations for the three months ended June 30, 2015: IAC Guarantor Subsidiaries Non-Guarantor Subsidiaries Total Eliminations IAC Consolidated (In thousands) Revenue $ — $ 586,067 $ 188,460 $ (3,395 ) $ 771,132 Operating costs and expenses: Cost of revenue (exclusive of depreciation shown separately below) 294 117,383 65,792 (193 ) 183,276 Selling and marketing expense 1,010 264,647 56,949 (3,209 ) 319,397 General and administrative expense 33,942 66,336 29,064 7 129,349 Product development expense 2,330 30,996 13,104 — 46,430 Depreciation 426 11,110 3,964 — 15,500 Amortization of intangibles — 6,226 8,185 — 14,411 Total operating costs and expenses 38,002 496,698 177,058 (3,395 ) 708,363 Operating (loss) income (38,002 ) 89,369 11,402 — 62,769 Equity in earnings of unconsolidated affiliates 70,523 13,353 — (83,876 ) — Interest expense (12,992 ) (2,211 ) (11 ) — (15,214 ) Other (expense) income, net (7,506 ) 17,787 (11,919 ) — (1,638 ) Earnings (loss) from continuing operations before income taxes 12,023 118,298 (528 ) (83,876 ) 45,917 Income tax benefit (provision) 47,435 (40,470 ) 5,003 — 11,968 Earnings from continuing operations 59,458 77,828 4,475 (83,876 ) 57,885 (Loss) earnings from discontinued operations, net of tax (153 ) — 3 (3 ) (153 ) Net earnings 59,305 77,828 4,478 (83,879 ) 57,732 Net loss attributable to noncontrolling interests — — 1,573 — 1,573 Net earnings attributable to IAC shareholders $ 59,305 $ 77,828 $ 6,051 $ (83,879 ) $ 59,305 Comprehensive income attributable to IAC shareholders $ 72,283 $ 79,129 $ 15,106 $ (94,235 ) $ 72,283 Statement of operations for the three months ended June 30, 2014: IAC Guarantor Subsidiaries Non-Guarantor Subsidiaries Total Eliminations IAC Consolidated (In thousands) Revenue $ — $ 556,162 $ 203,497 $ (3,344 ) $ 756,315 Operating costs and expenses: Cost of revenue (exclusive of depreciation shown separately below) 383 126,162 84,872 (687 ) 210,730 Selling and marketing expense 619 220,152 54,158 (2,439 ) 272,490 General and administrative expense 26,609 48,459 34,816 13 109,897 Product development expense 1,705 26,305 11,066 (231 ) 38,845 Depreciation 312 9,224 5,721 — 15,257 Amortization of intangibles — 9,659 3,747 — 13,406 Total operating costs and expenses 29,628 439,961 194,380 (3,344 ) 660,625 Operating (loss) income (29,628 ) 116,201 9,117 — 95,690 Equity in earnings of unconsolidated affiliates 8,264 5,297 — (13,561 ) — Interest expense (12,985 ) (1,052 ) (9 ) — (14,046 ) Other income (expense), net 6,537 (13,834 ) (62,453 ) — (69,750 ) (Loss) earnings from continuing operations before income taxes (27,812 ) 106,612 (53,345 ) (13,561 ) 11,894 Income tax benefit (provision) 10,684 (39,785 ) (788 ) — (29,889 ) (Loss) earnings from continuing operations (17,128 ) 66,827 (54,133 ) (13,561 ) (17,995 ) Loss from discontinued operations, net of tax (868 ) — (27 ) 27 (868 ) Net (loss) earnings (17,996 ) 66,827 (54,160 ) (13,534 ) (18,863 ) Net loss attributable to noncontrolling interests — — 867 — 867 Net (loss) earnings attributable to IAC shareholders $ (17,996 ) $ 66,827 $ (53,293 ) $ (13,534 ) $ (17,996 ) Comprehensive (loss) income attributable to IAC shareholders $ (20,205 ) $ 66,163 $ (55,879 ) $ (10,284 ) $ (20,205 ) Statement of operations for the six months ended June 30, 2015: IAC Guarantor Subsidiaries Non-Guarantor Subsidiaries Total Eliminations IAC Consolidated (In thousands) Revenue $ — $ 1,180,868 $ 368,820 $ (6,044 ) $ 1,543,644 Operating costs and expenses: Cost of revenue (exclusive of depreciation shown separately below) 539 237,124 137,556 (390 ) 374,829 Selling and marketing expense 2,065 553,272 127,345 (5,619 ) 677,063 General and administrative expense 58,006 132,089 54,083 (35 ) 244,143 Product development expense 4,507 62,130 25,050 — 91,687 Depreciation 827 22,690 7,551 — 31,068 Amortization of intangibles — 12,496 14,470 — 26,966 Total operating costs and expenses 65,944 1,019,801 366,055 (6,044 ) 1,445,756 Operating (loss) income (65,944 ) 161,067 2,765 — 97,888 Equity in earnings of unconsolidated affiliates 124,647 17,049 — (141,696 ) — Interest expense (25,982 ) (3,257 ) (39 ) — (29,278 ) Other (expense) income, net (16,859 ) 29,179 (6,970 ) — 5,350 Earnings (loss) from continuing operations before income taxes 15,862 204,038 (4,244 ) (141,696 ) 73,960 Income tax benefit (provision) 69,876 (72,266 ) 8,178 — 5,788 Earnings from continuing operations 85,738 131,772 3,934 (141,696 ) 79,748 (Loss) earnings from discontinued operations, net of tax (28 ) — 3 (3 ) (28 ) Net earnings 85,710 131,772 3,937 (141,699 ) 79,720 Net loss attributable to noncontrolling interests — — 5,990 — 5,990 Net earnings attributable to IAC shareholders $ 85,710 $ 131,772 $ 9,927 $ (141,699 ) $ 85,710 Comprehensive income (loss) attributable to IAC shareholders $ 43,115 $ 127,288 $ (37,762 ) $ (89,526 ) $ 43,115 Statement of operations for the six months ended June 30, 2014: IAC Guarantor Subsidiaries Non-Guarantor Subsidiaries Total Eliminations IAC Consolidated (In thousands) Revenue $ — $ 1,102,488 $ 400,404 $ (6,330 ) $ 1,496,562 Operating costs and expenses: Cost of revenue (exclusive of depreciation shown separately below) 355 255,463 165,793 (1,647 ) 419,964 Selling and marketing expense 811 456,493 117,922 (4,137 ) 571,089 General and administrative expense 49,055 94,134 61,771 26 204,986 Product development expense 3,176 53,401 21,656 (572 ) 77,661 Depreciation 641 18,785 10,649 — 30,075 Amortization of intangibles — 18,660 6,725 — 25,385 Total operating costs and expenses 54,038 896,936 384,516 (6,330 ) 1,329,160 Operating (loss) income (54,038 ) 205,552 15,888 — 167,402 Equity in earnings of unconsolidated affiliates 62,561 5,541 — (68,102 ) — Interest expense (25,970 ) (2,094 ) (46 ) — (28,110 ) Other income (expense), net 16,222 (24,361 ) (63,569 ) — (71,708 ) (Loss) earnings from continuing operations before income taxes (1,225 ) 184,638 (47,727 ) (68,102 ) 67,584 Income tax benefit (provision) 20,796 (69,729 ) (2,341 ) — (51,274 ) Earnings (loss) from continuing operations 19,571 114,909 (50,068 ) (68,102 ) 16,310 Loss from discontinued operations, net of tax (1,682 ) — (40 ) 40 (1,682 ) Net earnings (loss) 17,889 114,909 (50,108 ) (68,062 ) 14,628 Net loss attributable to noncontrolling interests — — 3,261 — 3,261 Net earnings (loss) attributable to IAC shareholders $ 17,889 $ 114,909 $ (46,847 ) $ (68,062 ) $ 17,889 Comprehensive income (loss) attributable to IAC shareholders $ 21,029 $ 114,629 $ (45,764 ) $ (68,865 ) $ 21,029
Schedule of condensed cash flow statement	Statement of cash flows for the six months ended June 30, 2015: IAC Guarantor Subsidiaries Non-Guarantor Subsidiaries IAC Consolidated (In thousands) Net cash (used in) provided by operating activities attributable to continuing operations $ (124,420 ) $ 232,853 $ (22,654 ) $ 85,779 Cash flows from investing activities attributable to continuing operations: Acquisitions, net of cash acquired — (3,675 ) (39,611 ) (43,286 ) Capital expenditures (988 ) (18,242 ) (7,586 ) (26,816 ) Proceeds from maturities and sales of marketable debt securities 14,613 — — 14,613 Purchases of marketable debt securities (93,134 ) — — (93,134 ) Purchases of long-term investments — — (12,840 ) (12,840 ) Other, net 3,613 (1,086 ) 6,072 8,599 Net cash used in investing activities attributable to continuing operations (75,896 ) (23,003 ) (53,965 ) (152,864 ) Cash flows from financing activities attributable to continuing operations: Purchase of treasury stock (200,000 ) — — (200,000 ) Dividends (56,729 ) — — (56,729 ) Issuance of common stock, net of withholding taxes (20,656 ) — — (20,656 ) Excess tax benefits from stock-based awards 36,334 — 131 36,465 Purchase of noncontrolling interests — — (15,338 ) (15,338 ) Acquisition-related contingent consideration payments — (195 ) (5,510 ) (5,705 ) Intercompany 107,102 (206,557 ) 99,455 — Other, net 166 — 264 430 Net cash (used in) provided by financing activities attributable to continuing operations (133,783 ) (206,752 ) 79,002 (261,533 ) Total cash (used in) provided by continuing operations (334,099 ) 3,098 2,383 (328,618 ) Total cash (used in) provided by discontinued operations (246 ) — 3 (243 ) Effect of exchange rate changes on cash and cash equivalents — 2 (5,137 ) (5,135 ) Net (decrease) increase in cash and cash equivalents (334,345 ) 3,100 (2,751 ) (333,996 ) Cash and cash equivalents at beginning of period 766,076 1,021 223,308 990,405 Cash and cash equivalents at end of period $ 431,731 $ 4,121 $ 220,557 $ 656,409 Statement of cash flows for the six months ended June 30, 2014: IAC Guarantor Subsidiaries Non-Guarantor Subsidiaries IAC Consolidated (In thousands) Net cash (used in) provided by operating activities attributable to continuing operations $ (38,576 ) $ 193,388 $ (6,041 ) $ 148,771 Cash flows from investing activities attributable to continuing operations: Acquisitions, net of cash acquired — (88,205 ) (15,175 ) (103,380 ) Capital expenditures (2,390 ) (16,477 ) (7,690 ) (26,557 ) Proceeds from maturities and sales of marketable debt securities 998 — — 998 Purchases of marketable debt securities (78,380 ) — — (78,380 ) Purchases of long-term investments (3,000 ) (6,761 ) (4,940 ) (14,701 ) Other, net — 11 2,176 2,187 Net cash used in investing activities attributable to continuing operations (82,772 ) (111,432 ) (25,629 ) (219,833 ) Cash flows from financing activities attributable to continuing operations: Dividends (40,086 ) — — (40,086 ) Issuance of common stock, net of withholding taxes (13,823 ) — — (13,823 ) Excess tax benefits from stock-based awards 22,116 — 10,773 32,889 Purchase of noncontrolling interests — (30,000 ) — (30,000 ) Funds returned from escrow for Meetic tender offer — — 12,354 12,354 Acquisition-related contingent consideration payments — (257 ) (7,373 ) (7,630 ) Intercompany 104,410 (51,723 ) (52,687 ) — Other, net (383 ) — 242 (141 ) Net cash provided by (used in) financing activities attributable to continuing operations 72,234 (81,980 ) (36,691 ) (46,437 ) Total cash used in continuing operations (49,114 ) (24 ) (68,361 ) (117,499 ) Total cash used in discontinued operations (116 ) — (41 ) (157 ) Effect of exchange rate changes on cash and cash equivalents — 24 4,514 4,538 Net decrease in cash and cash equivalents (49,230 ) — (63,888 ) (113,118 ) Cash and cash equivalents at beginning of period 782,022 — 318,422 1,100,444 Cash and cash equivalents at end of period $ 732,792 $ — $ 254,534 $ 987,326

THE COMPANY AND SUMMARY OF SI28

THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) $ in Thousands	Jun. 25, 2015	Jun. 30, 2015USD ($)country	Jun. 30, 2014USD ($)	Jun. 30, 2015USD ($)segmentcountry	Jun. 30, 2014USD ($)	Dec. 31, 2014USD ($)
Revenue from major customers
Number of operating segments | segment				4
Number of countries where brands and products reach users (more than) | country		200		200
Revenue		$ 771,132	$ 756,315	$ 1,543,644	$ 1,496,562
Accounts receivable, net		223,106		223,106		$ 236,086
Google Inc.
Revenue from major customers
Revenue		308,200	$ 349,500	647,800	$ 704,600
Accounts receivable, net		$ 108,300		$ 108,300		$ 118,700
IPO | The Match Group
Revenue from major customers
Percentage of common stock (less than)	20.00%

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Income Tax Disclosure [Abstract]
Income tax benefit (provision)	$ 11,968	$ (29,889)	$ 5,788	$ (51,274)
Effective tax rate (as a percent)		251.00%		76.00%
Federal statutory rate (as a percent)	35.00%	35.00%		35.00%
Interest on income tax benefit (provision)	$ 100		200
Accrued interest on unrecognized tax benefits	2,200		2,200		$ 2,800
Accrued penalties on unrecognized tax benefits	2,300		2,300		2,900
Total unrecognized tax benefits including interest	25,900		25,900		$ 33,200
Unrecognized tax benefit, if recognized would reduce income tax expense for continuing operations	23,900		23,900
Change in unrecognized tax benefit	$ 3,400		$ 3,400

MARKETABLE SECURITIES (Details)

MARKETABLE SECURITIES (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Corporate debt securities
Amortized Cost	$ 232,766	$ 159,418
Gross Unrealized Gains	151	34
Gross Unrealized Losses	0	(255)
Fair Value	232,917	159,197
Equity security
Amortized Cost	97	98
Gross Unrealized Gains	509	1,353
Gross Unrealized Losses	0	0
Fair Value	606	1,451
Total marketable securities
Amortized Cost	232,863	159,516
Gross Unrealized Gains	660	1,387
Gross Unrealized Losses	0	(255)
Fair Value	$ 233,523	$ 160,648

MARKETABLE SECURITIES (Details

MARKETABLE SECURITIES (Details 2) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Contractual maturities of debt securities classified as available-for-sale
Due in one year or less, amortized cost	$ 95,946
Due after one year through five years, amortized cost	136,820
Amortized Cost	232,766	$ 159,418
Due in one year or less, fair value	95,979
Due after one year through five years, fair value	136,938
Total, Estimated Fair Value	$ 232,917	$ 159,197

MARKETABLE SECURITIES (Detail32

MARKETABLE SECURITIES (Details 3) - USD ($) $ in Thousands	Jul. 14, 2015	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Proceeds from maturities and sales of current and non-current available-for-sale marketable securities and related gross realized gains and losses
Proceeds from maturities and sales of available-for-sale marketable securities		$ 8,563	$ 3,462	$ 14,613	$ 3,462
Gross realized gains		5	$ 2,299	5	2,299
Impairment of available-for-sale marketable securities				$ 500	$ 64,281
Subsequent Event | PlentyOfFish
Proceeds from maturities and sales of current and non-current available-for-sale marketable securities and related gross realized gains and losses
Purchase price	$ 575,000
Corporate debt securities
Proceeds from maturities and sales of current and non-current available-for-sale marketable securities and related gross realized gains and losses
Impairment of available-for-sale marketable securities		$ 300

FAIR VALUE MEASUREMENTS AND F33

FAIR VALUE MEASUREMENTS AND FINANCIAL INSTRUMENTS (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Assets:
Marketable securities	$ 233,523	$ 160,648
Fair value on a recurring basis
Assets:
Total Assets	567,801	780,563
Liabilities:
Contingent consideration arrangement	(31,858)	(30,140)
Fair value on a recurring basis | Money market funds
Assets:
Cash equivalents:	207,014	174,720
Fair value on a recurring basis | Commercial paper
Assets:
Cash equivalents:	76,789	388,801
Fair value on a recurring basis | Time deposits
Assets:
Cash equivalents:	32,457	42,914
Fair value on a recurring basis | Corporate debt securities
Assets:
Marketable securities	232,917	159,197
Fair value on a recurring basis | Equity security
Assets:
Marketable securities	606	1,451
Long-term investments:	11,388	7,410
Fair value on a recurring basis | Auction rate security
Assets:
Long-term investments:	6,630	6,070
Fair value on a recurring basis | Quoted Market Prices in Active Markets for Identical Assets (Level 1)
Assets:
Total Assets	219,008	183,581
Fair value on a recurring basis | Quoted Market Prices in Active Markets for Identical Assets (Level 1) | Money market funds
Assets:
Cash equivalents:	207,014	174,720
Fair value on a recurring basis | Quoted Market Prices in Active Markets for Identical Assets (Level 1) | Equity security
Assets:
Marketable securities	606	1,451
Long-term investments:	11,388	7,410
Fair value on a recurring basis | Significant Other Observable Inputs (Level 2)
Assets:
Total Assets	342,163	590,912
Fair value on a recurring basis | Significant Other Observable Inputs (Level 2) | Commercial paper
Assets:
Cash equivalents:	76,789	388,801
Fair value on a recurring basis | Significant Other Observable Inputs (Level 2) | Time deposits
Assets:
Cash equivalents:	32,457	42,914
Fair value on a recurring basis | Significant Other Observable Inputs (Level 2) | Corporate debt securities
Assets:
Marketable securities	232,917	159,197
Fair value on a recurring basis | Significant Unobservable Inputs (Level 3)
Assets:
Total Assets	6,630	6,070
Liabilities:
Contingent consideration arrangement	(31,858)	(30,140)
Fair value on a recurring basis | Significant Unobservable Inputs (Level 3) | Auction rate security
Assets:
Long-term investments:	$ 6,630	$ 6,070

FAIR VALUE MEASUREMENTS AND F34

FAIR VALUE MEASUREMENTS AND FINANCIAL INSTRUMENTS (Details 1) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015USD ($)arrangement	Jun. 30, 2014USD ($)	Jun. 30, 2015USD ($)arrangement	Jun. 30, 2014USD ($)	Dec. 31, 2014USD ($)
Auction rate securities
Cost basis	$ 232,766		$ 232,766		$ 159,418
Gross unrealized losses	$ 0		$ 0		255
Contingent Consideration Arrangements
Number of contingent consideration arrangements related to business acquisitions | arrangement	9		9
Number of contingent consideration arrangements with payment limit | arrangement	8		8
Contingent consideration, maximum amount at balance sheet date	$ 240,700		$ 240,700
Contingent consideration, fair value at balance sheet date with a maximum limit	$ 31,400		$ 31,400
Number of contingent consideration arrangements without payment limit | arrangement	1		1
Contingent consideration, fair value at balance sheet date without a limit	$ 500		$ 500
Contingent consideration, at fair value, current	2,800		2,800
Contingent consideration, at fair value, noncurrent	29,100		29,100
Assets measured at fair value on a nonrecurring basis
Cost method investments	103,300		103,300		90,900
Cost method investments, other than temporary impairment		$ 64,200
Equity method investment, other than temporary impairment		4,200
Long-term marketable equity security
Cost basis	97		97		98
Gross unrealized gain	509		509		1,353
Gross unrealized loss	0		0		0
Auction rate security
Changes in assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3)
Balance at the beginning of the period, assets	6,190	9,150	6,070	$ 8,920
Total net gains (losses) included in other comprehensive income (loss), Asset	440	100	560	330
Balance at the end of the period, assets	6,630	9,250	6,630	9,250
Auction rate securities
Cost basis	10,000		10,000		10,000
Gross unrealized losses	3,400		3,400		3,900
Contingent Consideration Arrangement
Changes in liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3)
Balance at the beginning of the period	(20,964)	(48,758)	(30,140)	(45,828)
Total net gains (losses) included in earnings, fair value adjustments	9,950	(527)	16,946	(500)
Total net gains (losses) included in earnings, foreign currency exchange gains	(4)	0	626	0
Total net gains (losses) included in other comprehensive income (loss), Liability	384	499	2,117	136
Fair value at date of acquisition	(26,749)	0	(27,112)	(2,835)
Settlements	5,525	7,389	5,705	7,630
Balance at the end of the period	(31,858)	$ (41,397)	$ (31,858)	$ (41,397)
Contingent Consideration Arrangement | Minimum [Member]
Contingent Consideration Arrangements
Contingent consideration, discount rates			12.00%
Contingent Consideration Arrangement | Maximum [Member]
Contingent Consideration Arrangements
Contingent consideration, discount rates			25.00%
Equity security
Long-term marketable equity security
Cost basis	8,700		$ 8,700		8,700
Gross unrealized gain	$ 2,700		$ 2,700
Gross unrealized loss					$ 1,200

FAIR VALUE MEASUREMENTS AND F35

FAIR VALUE MEASUREMENTS AND FINANCIAL INSTRUMENTS (Details 2) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Current maturities of long-term debt debt	$ (80,000)	$ 0
Long-term debt, net of current maturities	(1,000,000)	(1,080,000)
Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Current maturities of long-term debt debt	(80,000)	0
Long-term debt, net of current maturities	$ (1,025,345)	$ (1,099,813)

LONG-TERM DEBT (Details)

LONG-TERM DEBT (Details)	6 Months Ended	12 Months Ended
	Jun. 30, 2015USD ($)	Dec. 31, 2014USD ($)	Dec. 21, 2012USD ($)
Debt Instrument [Line Items]
Long-term debt	$ 1,000,000,000	$ 1,080,000,000
Current portion of long-term debt	80,000,000	0
Senior Notes | 4.875% Senior Notes due November 30, 2018
Debt Instrument [Line Items]
Long-term debt	$ 500,000,000	$ 500,000,000
Stated rate	4.875%	4.875%
Line of Credit Facility [Abstract]
Maximum leverage ratio	3
Senior Notes | 4.75% Senior Notes Due December 2022
Debt Instrument [Line Items]
Long-term debt	$ 500,000,000	$ 500,000,000
Stated rate	4.75%	4.75%
Line of Credit Facility [Abstract]
Maximum leverage ratio			3
Bonds | 5% New York City Industrial Development Agency Bonds due September 2035
Debt Instrument [Line Items]
Long-term debt	$ 0	$ 80,000,000
Current portion of long-term debt	$ 80,000,000
Stated rate	5.00%	5.00%
Revolving Credit Facility
Line of Credit Facility [Abstract]
Line of credit, maximum borrowing capacity			$ 300,000,000
Line of credit, amount outstanding	$ 0	$ 0
Line of credit, commitment fee percentage	0.30%	0.30%
Maximum leverage ratio	3

ACCUMULATED OTHER COMPREHENSI37

ACCUMULATED OTHER COMPREHENSIVE LOSS (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance			$ (87,700)
Total other comprehensive income (loss), net of tax	$ 12,228	$ (2,326)	(43,752)	$ 2,940
Ending balance	(130,295)		(130,295)
Tax provision (benefit) of other comprehensive loss before reclassifications related to unrealized losses on available-for-sale securities	(200)	(100)	(300)	(700)
Tax provision (benefit) for amounts reclassified from accumulated other comprehensive loss	(100)	(800)	(100)	(800)
Foreign Currency Translation Adjustment
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(143,182)	(15,132)	(86,848)	(20,352)
Other comprehensive income before reclassifications, net of tax benefit (provision) related to unrealized gains on available-for-sale securities	9,287	(150)	(47,047)	5,070
Amounts reclassified related to unrealized losses on available for sale securities, net of tax benefit of $0.8 million	0	0	0	0
Total other comprehensive income (loss), net of tax	9,287	(150)	(47,047)	5,070
Ending balance	(133,895)	(15,282)	(133,895)	(15,282)
Unrealized (Losses) Gains On Available-For-Sale Securities
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(91)	7,435	(852)	7,306
Other comprehensive income before reclassifications, net of tax benefit (provision) related to unrealized gains on available-for-sale securities	3,528	(799)	4,289	(670)
Amounts reclassified related to unrealized losses on available for sale securities, net of tax benefit of $0.8 million	163	(1,260)	163	(1,260)
Total other comprehensive income (loss), net of tax	3,691	(2,059)	4,452	(1,930)
Ending balance	3,600	5,376	3,600	5,376
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(143,273)	(7,697)	(87,700)	(13,046)
Other comprehensive income before reclassifications, net of tax benefit (provision) related to unrealized gains on available-for-sale securities	12,815	(949)	(42,758)	4,400
Amounts reclassified related to unrealized losses on available for sale securities, net of tax benefit of $0.8 million	163	(1,260)	163	(1,260)
Total other comprehensive income (loss), net of tax	12,978	(2,209)	(42,595)	3,140
Ending balance	$ (130,295)	$ (9,906)	$ (130,295)	$ (9,906)

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Numerator: Basic
Earnings (loss) from continuing operations	$ 57,885	$ (17,995)	$ 79,748	$ 16,310
Net loss attributable to noncontrolling interests	1,573	867	5,990	3,261
Earnings (loss) from continuing operations attributable to IAC shareholders	59,458	(17,128)	85,738	19,571
Earnings (loss) from discontinued operations attributable to IAC shareholders	(153)	(868)	(28)	(1,682)
Net earnings (loss) attributable to IAC shareholders	59,305	(17,996)	85,710	17,889
Numerator: Diluted
Earnings (loss) from continuing operations	57,885	(17,995)	79,748	16,310
Net loss attributable to noncontrolling interests	1,573	867	5,990	3,261
Earnings (loss) from continuing operations attributable to IAC shareholders	59,458	(17,128)	85,738	19,571
Earnings (loss) from discontinued operations attributable to IAC shareholders	(153)	(868)	(28)	(1,682)
Net earnings (loss) attributable to IAC shareholders	$ 59,305	$ (17,996)	$ 85,710	$ 17,889
Denominator: Basic
Weighted average basic shares outstanding	82,416	83,178	82,932	82,833
Denominator: Diluted
Weighted average basic shares outstanding	82,416	83,178	82,932	82,833
Dilutive securities including stock options and RSUs (in shares)	4,674	0	4,989	5,150
Denominator for earnings per share-weighted average shares (in shares)	87,090	83,178	87,921	87,983
Earnings (loss) per share attributable to IAC shareholders: Basic
Earnings per share from continuing operations (in dollars per share)	$ 0.72	$ (0.21)	$ 1.03	$ 0.24
Discontinued operations (in dollars per share)	0	(0.01)	0	(0.02)
Earnings per share (in dollars per share)	0.72	(0.22)	1.03	0.22
Earnings (loss) per share attributable to IAC shareholders: Diluted
Earnings per share from continuing operations (in dollars per share)	0.68	(0.21)	0.98	0.22
Discontinued operations (in dollars per share)	0	(0.01)	(0.01)	(0.02)
Earnings per share (in dollars per share)	$ 0.68	$ (0.22)	$ 0.97	$ 0.20

EARNINGS PER SHARE (Details 2)

EARNINGS PER SHARE (Details 2) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
RSUs
Anti-dilutive weighted average common shares
Potentially dilutive securities excluded from calculation of diluted earnings per share (in shares)	1,000,000	11,500,000	1,200,000	0

SEGMENT INFORMATION (Details)

SEGMENT INFORMATION (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Segment reporting information
Revenue	$ 771,132	$ 756,315	$ 1,543,644	$ 1,496,562
Operating income	62,769	95,690	97,888	167,402
Reconciliation of Adjusted EBITDA to operating income (loss) for the entity's reportable segments
Adjusted EBITDA	108,679	141,432	183,836	249,527
Stock-Based Compensation Expense	(25,949)	(16,552)	(44,860)	(26,165)
Depreciation	(15,500)	(15,257)	(31,068)	(30,075)
Amortization of Intangibles	(14,411)	(13,406)	(26,966)	(25,385)
Acquisition-related contingent consideration fair value adjustments	9,950	(527)	16,946	(500)
Operating income	62,769	95,690	97,888	167,402
Operating segments | Search & Applications
Segment reporting information
Revenue	351,366	395,716	734,264	793,751
Operating income	68,592	77,771	132,892	148,108
Reconciliation of Adjusted EBITDA to operating income (loss) for the entity's reportable segments
Adjusted EBITDA	72,910	91,258	151,811	173,329
Stock-Based Compensation Expense	0	0	0	0
Depreciation	(3,685)	(5,082)	(7,301)	(9,547)
Amortization of Intangibles	(6,930)	(8,405)	(13,895)	(15,674)
Acquisition-related contingent consideration fair value adjustments	6,297	0	2,277	0
Operating income	68,592	77,771	132,892	148,108
Operating segments | The Match Group
Segment reporting information
Revenue	254,690	214,314	493,901	425,501
Operating income	51,441	61,198	76,753	101,001
Reconciliation of Adjusted EBITDA to operating income (loss) for the entity's reportable segments
Adjusted EBITDA	64,822	69,368	90,678	116,798
Stock-Based Compensation Expense	(2,056)	(170)	(2,669)	(187)
Depreciation	(6,647)	(5,589)	(13,712)	(11,389)
Amortization of Intangibles	(5,901)	(1,684)	(9,778)	(3,521)
Acquisition-related contingent consideration fair value adjustments	1,223	(727)	12,234	(700)
Operating income	51,441	61,198	76,753	101,001
Operating segments | Media
Segment reporting information
Revenue	36,210	36,656	79,822	73,011
Operating income	(13,775)	(9,794)	(29,127)	(18,360)
Reconciliation of Adjusted EBITDA to operating income (loss) for the entity's reportable segments
Adjusted EBITDA	(15,452)	(8,911)	(30,035)	(16,775)
Stock-Based Compensation Expense	(147)	(161)	(294)	(325)
Depreciation	(228)	(224)	(432)	(506)
Amortization of Intangibles	(378)	(698)	(801)	(954)
Acquisition-related contingent consideration fair value adjustments	2,430	200	2,435	200
Operating income	(13,775)	(9,794)	(29,127)	(18,360)
Operating segments | eCommerce
Segment reporting information
Revenue	128,986	109,949	235,996	204,791
Operating income	(1,004)	8	(7,858)	(1,553)
Reconciliation of Adjusted EBITDA to operating income (loss) for the entity's reportable segments
Adjusted EBITDA	2,681	4,523	(456)	7,327
Stock-Based Compensation Expense	(420)	0	(840)	0
Depreciation	(2,063)	(1,896)	(4,070)	(3,644)
Amortization of Intangibles	(1,202)	(2,619)	(2,492)	(5,236)
Acquisition-related contingent consideration fair value adjustments	0	0	0	0
Operating income	(1,004)	8	(7,858)	(1,553)
Intersegment eliminations
Segment reporting information
Revenue	(120)	(320)	(339)	(492)
Corporate
Segment reporting information
Operating income	(42,485)	(33,493)	(74,772)	(61,794)
Reconciliation of Adjusted EBITDA to operating income (loss) for the entity's reportable segments
Adjusted EBITDA	(16,282)	(14,806)	(28,162)	(31,152)
Stock-Based Compensation Expense	(23,326)	(16,221)	(41,057)	(25,653)
Depreciation	(2,877)	(2,466)	(5,553)	(4,989)
Amortization of Intangibles	0	0	0	0
Acquisition-related contingent consideration fair value adjustments	0	0	0	0
Operating income	$ (42,485)	$ (33,493)	$ (74,772)	$ (61,794)

SEGMENT INFORMATION (Details 2)

SEGMENT INFORMATION (Details 2) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Revenue and long-lived assets by geography
Revenue	$ 771,132	$ 756,315	$ 1,543,644	$ 1,496,562
Long-lived assets (excluding goodwill and intangible assets)	297,158		297,158		$ 302,459
Reportable Geographical Components | United States
Revenue and long-lived assets by geography
Revenue	566,224	511,862	1,136,237	1,016,265
Long-lived assets (excluding goodwill and intangible assets)	278,004		278,004		281,879
Reportable Geographical Components | All Other Countries
Revenue and long-lived assets by geography
Revenue	204,908	$ 244,453	407,407	$ 480,297
Long-lived assets (excluding goodwill and intangible assets)	$ 19,154		$ 19,154		$ 20,580

CONTINGENCIES (Details)

CONTINGENCIES (Details)	6 Months Ended
	Jun. 30, 2015lawsuit
Loss Contingency [Abstract]
Minimum number of lawsuits that could have material impact on the liquidity, results of operations, or financial condition	1

GUARANTOR AND NON-GUARANTOR F43

GUARANTOR AND NON-GUARANTOR FINANCIAL INFORMATION (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014	Jun. 30, 2014	Dec. 31, 2013
ASSETS
Cash and cash equivalents	$ 656,409	$ 990,405	$ 987,326	$ 1,100,444
Marketable securities	233,523	160,648
Accounts receivable, net	223,106	236,086
Other current assets	209,724	166,742
Property and equipment, net of accumulated depreciation and amortization of $294,400 and $279,534, respectively	297,158	302,459
Goodwill	1,778,830	1,754,926
Intangible assets, net	472,082	491,936
Other non-current assets	72,841	56,693
TOTAL ASSETS	4,075,058	4,274,878
LIABILITIES AND SHAREHOLDERS' EQUITY
Current portion of long-term debt	80,000	0
Accounts payable, trade	79,434	81,163
Long-term debt, net of current portion	1,000,000	1,080,000
Income taxes payable	24,768	32,635
Other long-term liabilities	59,182	45,191
Redeemable noncontrolling interests	28,177	40,427
IAC shareholders' equity	1,815,386	1,991,953
Noncontrolling interests	0	1,189
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	4,075,058	4,274,878
Intersegment eliminations
ASSETS
Cash and cash equivalents	0	0
Marketable securities	0	0
Accounts receivable, net	0	0
Other current assets	(4,871)	(5,773)
Intercompany receivables	(2,577,772)	(2,659,213)
Property and equipment, net of accumulated depreciation and amortization of $294,400 and $279,534, respectively	0	0
Goodwill	0	0
Intangible assets, net	0	0
Investment in subsidiaries	(5,903,532)	(5,965,747)
Other non-current assets	(1,538)	(2,988)
TOTAL ASSETS	(8,487,713)	(8,633,721)
LIABILITIES AND SHAREHOLDERS' EQUITY
Current portion of long-term debt	0
Accounts payable, trade	0	0
Other current liabilities	(738)	(817)
Long-term debt, net of current portion	0	0
Income taxes payable	0	0
Intercompany liabilities	(2,577,772)	(2,659,213)
Other long-term liabilities	(5,671)	(7,944)
Redeemable noncontrolling interests	0	0
IAC shareholders' equity	(5,903,532)	(5,965,747)
Noncontrolling interests		0
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	(8,487,713)	(8,633,721)
IAC Consolidated
ASSETS
Cash and cash equivalents	656,409	990,405	987,326	1,100,444
Marketable securities	233,523	160,648
Accounts receivable, net	223,106	236,086
Other current assets	209,724	166,742
Intercompany receivables	0	0
Property and equipment, net of accumulated depreciation and amortization of $294,400 and $279,534, respectively	297,158	302,459
Goodwill	1,778,830	1,754,926
Intangible assets, net	472,082	491,936
Investment in subsidiaries	0	0
Other non-current assets	204,226	171,676
TOTAL ASSETS	4,075,058	4,274,878
LIABILITIES AND SHAREHOLDERS' EQUITY
Current portion of long-term debt	80,000
Accounts payable, trade	79,434	81,163
Other current liabilities	555,423	592,791
Long-term debt, net of current portion	1,000,000	1,080,000
Income taxes payable	24,768	32,635
Intercompany liabilities	0	0
Other long-term liabilities	491,870	454,720
Redeemable noncontrolling interests	28,177	40,427
IAC shareholders' equity	1,815,386	1,991,953
Noncontrolling interests		1,189
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	4,075,058	4,274,878
IAC
ASSETS
Cash and cash equivalents	431,731	766,076	732,792	782,022
Marketable securities	232,917	159,197
Accounts receivable, net	4	13
Other current assets	47,233	23,923
Intercompany receivables	0	0
Property and equipment, net of accumulated depreciation and amortization of $294,400 and $279,534, respectively	4,867	4,950
Goodwill	0	0
Intangible assets, net	0	0
Investment in subsidiaries	4,971,322	5,035,304
Other non-current assets	69,644	44,610
TOTAL ASSETS	5,757,718	6,034,073
LIABILITIES AND SHAREHOLDERS' EQUITY
Current portion of long-term debt	0
Accounts payable, trade	3,078	3,059
Other current liabilities	32,661	73,491
Long-term debt, net of current portion	1,000,000	1,000,000
Income taxes payable	892	2,240
Intercompany liabilities	2,577,772	2,659,213
Other long-term liabilities	327,929	304,117
Redeemable noncontrolling interests	0	0
IAC shareholders' equity	1,815,386	1,991,953
Noncontrolling interests		0
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	5,757,718	6,034,073
Guarantor Subsidiaries
ASSETS
Cash and cash equivalents	4,121	1,021	0	0
Marketable securities	0	0
Accounts receivable, net	132,223	155,262
Other current assets	97,670	91,105
Intercompany receivables	1,635,189	1,688,403
Property and equipment, net of accumulated depreciation and amortization of $294,400 and $279,534, respectively	228,061	232,819
Goodwill	1,250,801	1,249,807
Intangible assets, net	313,275	325,771
Investment in subsidiaries	932,210	930,443
Other non-current assets	20,715	20,682
TOTAL ASSETS	4,614,265	4,695,313
LIABILITIES AND SHAREHOLDERS' EQUITY
Current portion of long-term debt	80,000
Accounts payable, trade	57,265	55,320
Other current liabilities	320,261	328,920
Long-term debt, net of current portion	0	80,000
Income taxes payable	4,829	4,771
Intercompany liabilities	0	0
Other long-term liabilities	100,370	104,219
Redeemable noncontrolling interests	0	0
IAC shareholders' equity	4,051,540	4,122,083
Noncontrolling interests		0
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	4,614,265	4,695,313
Non-Guarantor Subsidiaries
ASSETS
Cash and cash equivalents	220,557	223,308	$ 254,534	$ 318,422
Marketable securities	606	1,451
Accounts receivable, net	90,879	80,811
Other current assets	69,692	57,487
Intercompany receivables	942,583	970,810
Property and equipment, net of accumulated depreciation and amortization of $294,400 and $279,534, respectively	64,230	64,690
Goodwill	528,029	505,119
Intangible assets, net	158,807	166,165
Investment in subsidiaries	0	0
Other non-current assets	115,405	109,372
TOTAL ASSETS	2,190,788	2,179,213
LIABILITIES AND SHAREHOLDERS' EQUITY
Current portion of long-term debt	0
Accounts payable, trade	19,091	22,784
Other current liabilities	203,239	191,197
Long-term debt, net of current portion	0	0
Income taxes payable	19,047	25,624
Intercompany liabilities	0	0
Other long-term liabilities	69,242	54,328
Redeemable noncontrolling interests	28,177	40,427
IAC shareholders' equity	1,851,992	1,843,664
Noncontrolling interests		1,189
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 2,190,788	$ 2,179,213

GUARANTOR AND NON-GUARANTOR F44

GUARANTOR AND NON-GUARANTOR FINANCIAL INFORMATION (Details2) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Condensed Financial Statements, Captions [Line Items]
Revenue	$ 771,132	$ 756,315	$ 1,543,644	$ 1,496,562
Operating costs and expenses:
Cost of revenue (exclusive of depreciation shown separately below)	183,276	210,730	374,829	419,964
Selling and marketing expense	319,397	272,490	677,063	571,089
General and administrative expense	129,349	109,897	244,143	204,986
Product development expense	46,430	38,845	91,687	77,661
Depreciation	15,500	15,257	31,068	30,075
Amortization of intangibles	14,411	13,406	26,966	25,385
Total operating costs and expenses	708,363	660,625	1,445,756	1,329,160
Operating income	62,769	95,690	97,888	167,402
Equity in earnings of unconsolidated affiliates			(477)	(8,785)
Interest expense	(15,214)	(14,046)	(29,278)	(28,110)
Other (expense) income, net	(1,638)	(69,750)	5,350	(71,708)
Earnings from continuing operations before income taxes	45,917	11,894	73,960	67,584
Income tax benefit (provision)	11,968	(29,889)	5,788	(51,274)
Earnings (loss) from continuing operations	57,885	(17,995)	79,748	16,310
Loss from discontinued operations, net of tax	(153)	(868)	(28)	(1,682)
Net earnings (loss)	57,732	(18,863)	79,720	14,628
Net loss attributable to noncontrolling interests	1,573	867	5,990	3,261
Net earnings (loss) attributable to IAC shareholders	59,305	(17,996)	85,710	17,889
Comprehensive (loss) income attributable to IAC shareholders	72,283	(20,205)	43,115	21,029
Total Eliminations
Condensed Financial Statements, Captions [Line Items]
Revenue	(3,395)	(3,344)	(6,044)	(6,330)
Operating costs and expenses:
Cost of revenue (exclusive of depreciation shown separately below)	(193)	(687)	(390)	(1,647)
Selling and marketing expense	(3,209)	(2,439)	(5,619)	(4,137)
General and administrative expense	7	13	(35)	26
Product development expense	0	(231)	0	(572)
Depreciation	0	0	0	0
Amortization of intangibles	0	0	0	0
Total operating costs and expenses	(3,395)	(3,344)	(6,044)	(6,330)
Operating income	0	0	0	0
Equity in earnings of unconsolidated affiliates	(83,876)	(13,561)	(141,696)	(68,102)
Interest expense	0	0	0	0
Other (expense) income, net	0	0	0	0
Earnings from continuing operations before income taxes	(83,876)	(13,561)	(141,696)	(68,102)
Income tax benefit (provision)	0	0	0	0
Earnings (loss) from continuing operations	(83,876)	(13,561)	(141,696)	(68,102)
Loss from discontinued operations, net of tax	(3)	27	(3)	40
Net earnings (loss)	(83,879)	(13,534)	(141,699)	(68,062)
Net loss attributable to noncontrolling interests	0	0	0	0
Net earnings (loss) attributable to IAC shareholders	(83,879)	(13,534)	(141,699)	(68,062)
Comprehensive (loss) income attributable to IAC shareholders	(94,235)	(10,284)	(89,526)	(68,865)
IAC Consolidated
Condensed Financial Statements, Captions [Line Items]
Revenue	771,132	756,315	1,543,644	1,496,562
Operating costs and expenses:
Cost of revenue (exclusive of depreciation shown separately below)	183,276	210,730	374,829	419,964
Selling and marketing expense	319,397	272,490	677,063	571,089
General and administrative expense	129,349	109,897	244,143	204,986
Product development expense	46,430	38,845	91,687	77,661
Depreciation	15,500	15,257	31,068	30,075
Amortization of intangibles	14,411	13,406	26,966	25,385
Total operating costs and expenses	708,363	660,625	1,445,756	1,329,160
Operating income	62,769	95,690	97,888	167,402
Equity in earnings of unconsolidated affiliates	0	0	0	0
Interest expense	(15,214)	(14,046)	(29,278)	(28,110)
Other (expense) income, net	(1,638)	(69,750)	5,350	(71,708)
Earnings from continuing operations before income taxes	45,917	11,894	73,960	67,584
Income tax benefit (provision)	11,968	(29,889)	5,788	(51,274)
Earnings (loss) from continuing operations	57,885	(17,995)	79,748	16,310
Loss from discontinued operations, net of tax	(153)	(868)	(28)	(1,682)
Net earnings (loss)	57,732	(18,863)	79,720	14,628
Net loss attributable to noncontrolling interests	1,573	867	5,990	3,261
Net earnings (loss) attributable to IAC shareholders	59,305	(17,996)	85,710	17,889
Comprehensive (loss) income attributable to IAC shareholders	72,283	(20,205)	43,115	21,029
IAC
Condensed Financial Statements, Captions [Line Items]
Revenue	0	0	0	0
Operating costs and expenses:
Cost of revenue (exclusive of depreciation shown separately below)	294	383	539	355
Selling and marketing expense	1,010	619	2,065	811
General and administrative expense	33,942	26,609	58,006	49,055
Product development expense	2,330	1,705	4,507	3,176
Depreciation	426	312	827	641
Amortization of intangibles	0	0	0	0
Total operating costs and expenses	38,002	29,628	65,944	54,038
Operating income	(38,002)	(29,628)	(65,944)	(54,038)
Equity in earnings of unconsolidated affiliates	70,523	8,264	124,647	62,561
Interest expense	(12,992)	(12,985)	(25,982)	(25,970)
Other (expense) income, net	(7,506)	6,537	(16,859)	16,222
Earnings from continuing operations before income taxes	12,023	(27,812)	15,862	(1,225)
Income tax benefit (provision)	47,435	10,684	69,876	20,796
Earnings (loss) from continuing operations	59,458	(17,128)	85,738	19,571
Loss from discontinued operations, net of tax	(153)	(868)	(28)	(1,682)
Net earnings (loss)	59,305	(17,996)	85,710	17,889
Net loss attributable to noncontrolling interests	0	0	0	0
Net earnings (loss) attributable to IAC shareholders	59,305	(17,996)	85,710	17,889
Comprehensive (loss) income attributable to IAC shareholders	72,283	(20,205)	43,115	21,029
Guarantor Subsidiaries
Condensed Financial Statements, Captions [Line Items]
Revenue	586,067	556,162	1,180,868	1,102,488
Operating costs and expenses:
Cost of revenue (exclusive of depreciation shown separately below)	117,383	126,162	237,124	255,463
Selling and marketing expense	264,647	220,152	553,272	456,493
General and administrative expense	66,336	48,459	132,089	94,134
Product development expense	30,996	26,305	62,130	53,401
Depreciation	11,110	9,224	22,690	18,785
Amortization of intangibles	6,226	9,659	12,496	18,660
Total operating costs and expenses	496,698	439,961	1,019,801	896,936
Operating income	89,369	116,201	161,067	205,552
Equity in earnings of unconsolidated affiliates	13,353	5,297	17,049	5,541
Interest expense	(2,211)	(1,052)	(3,257)	(2,094)
Other (expense) income, net	17,787	(13,834)	29,179	(24,361)
Earnings from continuing operations before income taxes	118,298	106,612	204,038	184,638
Income tax benefit (provision)	(40,470)	(39,785)	(72,266)	(69,729)
Earnings (loss) from continuing operations	77,828	66,827	131,772	114,909
Loss from discontinued operations, net of tax	0	0	0	0
Net earnings (loss)	77,828	66,827	131,772	114,909
Net loss attributable to noncontrolling interests	0	0	0	0
Net earnings (loss) attributable to IAC shareholders	77,828	66,827	131,772	114,909
Comprehensive (loss) income attributable to IAC shareholders	79,129	66,163	127,288	114,629
Non-Guarantor Subsidiaries
Condensed Financial Statements, Captions [Line Items]
Revenue	188,460	203,497	368,820	400,404
Operating costs and expenses:
Cost of revenue (exclusive of depreciation shown separately below)	65,792	84,872	137,556	165,793
Selling and marketing expense	56,949	54,158	127,345	117,922
General and administrative expense	29,064	34,816	54,083	61,771
Product development expense	13,104	11,066	25,050	21,656
Depreciation	3,964	5,721	7,551	10,649
Amortization of intangibles	8,185	3,747	14,470	6,725
Total operating costs and expenses	177,058	194,380	366,055	384,516
Operating income	11,402	9,117	2,765	15,888
Equity in earnings of unconsolidated affiliates	0	0	0	0
Interest expense	(11)	(9)	(39)	(46)
Other (expense) income, net	(11,919)	(62,453)	(6,970)	(63,569)
Earnings from continuing operations before income taxes	(528)	(53,345)	(4,244)	(47,727)
Income tax benefit (provision)	5,003	(788)	8,178	(2,341)
Earnings (loss) from continuing operations	4,475	(54,133)	3,934	(50,068)
Loss from discontinued operations, net of tax	3	(27)	3	(40)
Net earnings (loss)	4,478	(54,160)	3,937	(50,108)
Net loss attributable to noncontrolling interests	1,573	867	5,990	3,261
Net earnings (loss) attributable to IAC shareholders	6,051	(53,293)	9,927	(46,847)
Comprehensive (loss) income attributable to IAC shareholders	$ 15,106	$ (55,879)	$ (37,762)	$ (45,764)

GUARANTOR AND NON-GUARANTOR F45

GUARANTOR AND NON-GUARANTOR FINANCIAL INFORMATION (Details3) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Condensed Cash Flow Statements, Captions [Line Items]
Net cash (used in) provided by operating activities attributable to continuing operations	$ 85,779	$ 148,771
Cash flows from investing activities attributable to continuing operations:
Acquisitions, net of cash acquired	(43,286)	(103,380)
Capital expenditures	(26,816)	(26,557)
Proceeds from maturities and sales of marketable debt securities	14,613	998
Purchases of marketable debt securities	(93,134)	(78,380)
Purchases of long-term investments	(12,840)	(14,701)
Other, net	8,599	2,187
Net cash used in investing activities attributable to continuing operations	(152,864)	(219,833)
Cash flows from financing activities attributable to continuing operations:
Purchase of treasury stock	(200,000)	0
Dividends	(56,729)	(40,086)
Issuance of common stock, net of withholding taxes	(20,656)	(13,823)
Excess tax benefits from stock-based awards	36,465	32,889
Purchase of noncontrolling interests	(15,338)	(30,000)
Funds returned from escrow for Meetic tender offer	0	12,354
Acquisition-related contingent consideration payments	(5,705)	(7,630)
Other, net	430	(141)
Net cash used in financing activities attributable to continuing operations	(261,533)	(46,437)
Total cash used in continuing operations	(328,618)	(117,499)
Total cash used in discontinued operations	(243)	(157)
Effect of exchange rate changes on cash and cash equivalents	(5,135)	4,538
Net decrease in cash and cash equivalents	(333,996)	(113,118)
Cash and cash equivalents at beginning of period	990,405	1,100,444
Cash and cash equivalents at end of period	656,409	987,326
IAC Consolidated
Condensed Cash Flow Statements, Captions [Line Items]
Net cash (used in) provided by operating activities attributable to continuing operations	85,779	148,771
Cash flows from investing activities attributable to continuing operations:
Acquisitions, net of cash acquired	(43,286)	(103,380)
Capital expenditures	(26,816)	(26,557)
Proceeds from maturities and sales of marketable debt securities	14,613	998
Purchases of marketable debt securities	(93,134)	(78,380)
Purchases of long-term investments	(12,840)	(14,701)
Other, net	8,599	2,187
Net cash used in investing activities attributable to continuing operations	(152,864)	(219,833)
Cash flows from financing activities attributable to continuing operations:
Purchase of treasury stock	(200,000)
Dividends	(56,729)	(40,086)
Issuance of common stock, net of withholding taxes	(20,656)	(13,823)
Excess tax benefits from stock-based awards	36,465	32,889
Purchase of noncontrolling interests	(15,338)	(30,000)
Funds returned from escrow for Meetic tender offer		12,354
Acquisition-related contingent consideration payments	(5,705)	(7,630)
Intercompany	0	0
Other, net	430	(141)
Net cash used in financing activities attributable to continuing operations	(261,533)	(46,437)
Total cash used in continuing operations	(328,618)	(117,499)
Total cash used in discontinued operations	(243)	(157)
Effect of exchange rate changes on cash and cash equivalents	(5,135)	4,538
Net decrease in cash and cash equivalents	(333,996)	(113,118)
Cash and cash equivalents at beginning of period	990,405	1,100,444
Cash and cash equivalents at end of period	656,409	987,326
IAC
Condensed Cash Flow Statements, Captions [Line Items]
Net cash (used in) provided by operating activities attributable to continuing operations	(124,420)	(38,576)
Cash flows from investing activities attributable to continuing operations:
Acquisitions, net of cash acquired	0	0
Capital expenditures	(988)	(2,390)
Proceeds from maturities and sales of marketable debt securities	14,613	998
Purchases of marketable debt securities	(93,134)	(78,380)
Purchases of long-term investments	0	(3,000)
Other, net	3,613	0
Net cash used in investing activities attributable to continuing operations	(75,896)	(82,772)
Cash flows from financing activities attributable to continuing operations:
Purchase of treasury stock	(200,000)
Dividends	(56,729)	(40,086)
Issuance of common stock, net of withholding taxes	(20,656)	(13,823)
Excess tax benefits from stock-based awards	36,334	22,116
Purchase of noncontrolling interests	0	0
Acquisition-related contingent consideration payments	0	0
Intercompany	107,102	104,410
Other, net	166	(383)
Net cash used in financing activities attributable to continuing operations	(133,783)	72,234
Total cash used in continuing operations	(334,099)	(49,114)
Total cash used in discontinued operations	(246)	(116)
Effect of exchange rate changes on cash and cash equivalents	0	0
Net decrease in cash and cash equivalents	(334,345)	(49,230)
Cash and cash equivalents at beginning of period	766,076	782,022
Cash and cash equivalents at end of period	431,731	732,792
Guarantor Subsidiaries
Condensed Cash Flow Statements, Captions [Line Items]
Net cash (used in) provided by operating activities attributable to continuing operations	232,853	193,388
Cash flows from investing activities attributable to continuing operations:
Acquisitions, net of cash acquired	(3,675)	(88,205)
Capital expenditures	(18,242)	(16,477)
Proceeds from maturities and sales of marketable debt securities	0	0
Purchases of marketable debt securities	0	0
Purchases of long-term investments	0	(6,761)
Other, net	(1,086)	11
Net cash used in investing activities attributable to continuing operations	(23,003)	(111,432)
Cash flows from financing activities attributable to continuing operations:
Purchase of noncontrolling interests	0	(30,000)
Acquisition-related contingent consideration payments	(195)	(257)
Intercompany	(206,557)	(51,723)
Net cash used in financing activities attributable to continuing operations	(206,752)	(81,980)
Total cash used in continuing operations	3,098	(24)
Total cash used in discontinued operations	0	0
Effect of exchange rate changes on cash and cash equivalents	2	24
Net decrease in cash and cash equivalents	3,100	0
Cash and cash equivalents at beginning of period	1,021	0
Cash and cash equivalents at end of period	4,121	0
Non-Guarantor Subsidiaries
Condensed Cash Flow Statements, Captions [Line Items]
Net cash (used in) provided by operating activities attributable to continuing operations	(22,654)	(6,041)
Cash flows from investing activities attributable to continuing operations:
Acquisitions, net of cash acquired	(39,611)	(15,175)
Capital expenditures	(7,586)	(7,690)
Proceeds from maturities and sales of marketable debt securities	0	0
Purchases of marketable debt securities	0	0
Purchases of long-term investments	(12,840)	(4,940)
Other, net	6,072	2,176
Net cash used in investing activities attributable to continuing operations	(53,965)	(25,629)
Cash flows from financing activities attributable to continuing operations:
Excess tax benefits from stock-based awards	131	10,773
Purchase of noncontrolling interests	(15,338)	0
Funds returned from escrow for Meetic tender offer		12,354
Acquisition-related contingent consideration payments	(5,510)	(7,373)
Intercompany	99,455	(52,687)
Other, net	264	242
Net cash used in financing activities attributable to continuing operations	79,002	(36,691)
Total cash used in continuing operations	2,383	(68,361)
Total cash used in discontinued operations	3	(41)
Effect of exchange rate changes on cash and cash equivalents	(5,137)	4,514
Net decrease in cash and cash equivalents	(2,751)	(63,888)
Cash and cash equivalents at beginning of period	223,308	318,422
Cash and cash equivalents at end of period	$ 220,557	$ 254,534

SUBSEQUENT EVENT (Details)

SUBSEQUENT EVENT (Details) $ in Millions	Jul. 14, 2015USD ($)
PlentyOfFish | Subsequent Event
Subsequent Event [Line Items]
Purchase price	$ 575