Match (MTCH) 10-Q 10 May 16 2016 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2016	May. 03, 2016
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	Mar. 31, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1
Amendment Flag	false
Common Stock
Entity Common Stock, Shares Outstanding		73,405,748
Class B Convertible Common Stock
Entity Common Stock, Shares Outstanding		5,789,499

CONSOLIDATED BALANCE SHEET (Una

CONSOLIDATED BALANCE SHEET (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
ASSETS
Cash and cash equivalents	$ 1,238,664	$ 1,481,447
Time deposits	87,500	0
Marketable securities	106,316	39,200
Accounts receivable, net of allowance of $15,234 and $16,528, respectively	234,546	250,077
Other current assets	217,303	174,286
Total current assets	1,884,329	1,945,010
Property and equipment, net of accumulated depreciation and amortization of $298,534 and $284,494, respectively	304,963	302,817
Goodwill	2,198,558	2,245,364
Intangible assets, net of accumulated amortization of $142,101 and $133,546 respectively	426,824	440,828
Long-term investments	129,695	137,386
Other non-current assets	107,974	117,286
TOTAL ASSETS	5,052,343	5,188,691
LIABILITIES:
Current portion of long-term debt	65,000	40,000
Accounts payable, trade	96,503	86,883
Deferred revenue	273,123	258,412
Accrued expenses and other current liabilities	342,316	383,251
Total current liabilities	776,942	768,546
Long-term debt, net of current portion	1,660,872	1,726,954
Income taxes payable	33,875	33,692
Deferred income taxes	350,526	348,773
Other long-term liabilities	75,485	64,510
Redeemable noncontrolling interests	$ 28,132	$ 30,391
Commitments and contingencies
SHAREHOLDERS' EQUITY:
Additional paid-in capital	$ 11,841,335	$ 11,486,315
Retained earnings	339,676	331,394
Accumulated other comprehensive loss	(110,964)	(152,103)
Treasury stock 190,359,845 and 187,137,267 shares, respectively	(10,004,880)	(9,861,350)
Total IAC shareholders' equity	2,065,438	1,804,526
Noncontrolling interests	61,073	411,299
Total shareholders' equity	2,126,511	2,215,825
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	5,052,343	5,188,691
Common Stock
SHAREHOLDERS' EQUITY:
Common stock	255	254
Class B Convertible Common Stock
SHAREHOLDERS' EQUITY:
Common stock	$ 16	$ 16

CONSOLIDATED BALANCE SHEET (Par

CONSOLIDATED BALANCE SHEET (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Accounts receivable, allowance (in dollars)	$ 15,234	$ 16,528
Accumulated depreciation and amortization, property and equipment (in dollars)	298,534	284,494
Accumulated amortization (in dollars)	$ 142,101	$ 133,546
Treasury stock, shares	190,359,845	187,137,267
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	254,604,007	254,014,976
Common stock, outstanding shares	74,612,162	77,245,709
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
	Mar. 31, 2016	Mar. 31, 2015
Revenue	$ 819,179	$ 772,512
Operating costs and expenses:
Cost of revenue (exclusive of depreciation shown separately below)	193,734	186,737
Selling and marketing expense	382,341	362,482
General and administrative expense	136,242	114,794
Product development expense	55,830	45,257
Depreciation	15,795	15,568
Amortization of intangibles	13,820	12,555
Total operating costs and expenses	797,762	737,393
Operating income	21,417	35,119
Interest expense	(27,860)	(14,064)
Other income, net	15,897	6,988
Earnings from continuing operations before income taxes	9,454	28,043
Income tax provision	(1,520)	(6,180)
Earnings from continuing operations	7,934	21,863
Earnings from discontinued operations, net of tax	0	125
Net earnings	7,934	21,988
Net loss attributable to noncontrolling interests	348	4,417
Net earnings attributable to IAC shareholders	$ 8,282	$ 26,405
Per share information attributable to IAC shareholders:
Basic earnings per share from continuing operations (in dollars per share)	$ 0.10	$ 0.31
Diluted earnings per share from continuing operations (in dollars per share)	0.09	0.30
Basic earnings per share (in dollars per share)	0.10	0.32
Diluted earnings per share (in dollars per share)	0.09	0.30
Dividends declared per share (in dollars per share)	$ 0	$ 0.34
Stock-based compensation expense by function:
Stock-based compensation expense	$ 31,185	$ 18,911
Cost of revenue
Stock-based compensation expense by function:
Stock-based compensation expense	613	245
Selling and marketing expense
Stock-based compensation expense by function:
Stock-based compensation expense	1,871	1,723
General and administrative expense
Stock-based compensation expense by function:
Stock-based compensation expense	21,193	14,598
Product development expense
Stock-based compensation expense by function:
Stock-based compensation expense	$ 7,508	$ 2,345

CONSOLIDATED STATEMENT OF COMPR

CONSOLIDATED STATEMENT OF COMPREHENSIVE OPERATIONS (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Statement of Comprehensive Income [Abstract]
Net earnings	$ 7,934	$ 21,988
Other comprehensive income (loss), net of tax:
Change in foreign currency translation adjustment	15,745	(56,614)
Change in unrealized gains and losses of available-for-sale securities (net of tax benefits of $301 in 2016 and $56 in 2015)	5,437	634
Total other comprehensive income (loss), net of tax	21,182	(55,980)
Comprehensive income (loss)	29,116	(33,992)
Comprehensive (income) loss attributable to noncontrolling interests	(826)	4,824
Comprehensive income (loss) attributable to IAC shareholders	$ 28,290	$ (29,168)

CONSOLIDATED STATEMENT OF COMP6

CONSOLIDATED STATEMENT OF COMPREHENSIVE OPERATIONS (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Statement of Comprehensive Income [Abstract]
Tax benefit (provision) of change in unrealized gains and losses of available-for-sale securities	$ 301	$ 56

CONSOLIDATED STATEMENT OF SHARE

CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY (Unaudited) - 3 months ended Mar. 31, 2016 - 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	Retained Earnings	Accumulated Other Comprehensive (Loss) Income	Treasury Stock	Noncontrolling Interests
Beginning balance at Dec. 31, 2015	$ 2,215,825	$ 1,804,526	$ 254	$ 16	$ 11,486,315	$ 331,394	$ (152,103)	$ (9,861,350)	$ 411,299
Beginning balance, common stock (in shares) at Dec. 31, 2015			254,015	16,157
Increase (Decrease) in Shareholders' Equity
Net (loss) earnings for the three months ended March 31, 2016	9,386	8,282				8,282			1,104
Other comprehensive income, net of tax	21,164	20,008					20,008		1,156
Stock-based compensation expense	28,885	13,280			13,280				15,605
Issuance of common stock pursuant to stock-based awards, net of withholding taxes	(14,907)	(14,907)	$ 1		(14,908)
Issuance of common stock pursuant to stock-based awards, net of withholding taxes (in shares)			589
Income tax benefit related to stock-based awards	14,534	14,534			14,534
Purchase of treasury stock	(143,530)	(143,530)						(143,530)
Adjustment of redeemable noncontrolling interests to fair value	(487)	(487)			(487)
Issuance of Match Group common stock pursuant to stock-based awards, net of withholding taxes	(4,453)								(4,453)
Reallocation of shareholders' equity balances related to the noncontrolling interests created in the Match Group initial public offering		363,638			342,507		21,131		(363,638)
Other	94	94			94
Ending balance at Mar. 31, 2016	2,126,511	$ 2,065,438	$ 255	$ 16	$ 11,841,335	$ 339,676	$ (110,964)	$ (10,004,880)	$ 61,073
Ending balance, common stock (in shares) at Mar. 31, 2016			254,604	16,157
Beginning balance at Dec. 31, 2015	30,391
Increase (Decrease) in Redeemable Noncontrolling Interests
Net (loss) earnings for the three months ended March 31, 2016	(1,452)
Other comprehensive income, net of tax	18
Stock-based compensation expense	408
Purchase of redeemable noncontrolling interests	(1,400)
Adjustment of redeemable noncontrolling interests to fair value	487
Other	(320)
Ending balance at Mar. 31, 2016	$ 28,132

CONSOLIDATED STATEMENT OF CASH

CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Cash flows from operating activities attributable to continuing operations:
Earnings from continuing operations	$ 7,934	$ 21,863
Adjustments to reconcile earnings from continuing operations to net cash provided by (used in) operating activities attributable to continuing operations:
Stock-based compensation expense	31,185	18,911
Depreciation	15,795	15,568
Amortization of intangibles	13,820	12,555
Excess tax benefits from stock-based awards	(15,264)	(16,846)
Deferred income taxes	2,430	867
Equity in losses of unconsolidated affiliates	404	283
Acquisition-related contingent consideration fair value adjustments	3,669	(6,996)
Gains on sale of a business and long-term investments	(14,700)	(186)
Other adjustments, net	6,393	(594)
Changes in assets and liabilities, net of effects of acquisitions:
Accounts receivable	7,792	(3,847)
Other assets	(6,626)	6,775
Accounts payable and other current liabilities	(10,796)	(33,805)
Income taxes payable	(37,477)	(41,359)
Deferred revenue	19,538	23,001
Net cash provided by (used in) operating activities attributable to continuing operations	24,097	(3,810)
Cash flows from investing activities attributable to continuing operations:
Acquisitions, net of cash acquired	(2,252)	(5,709)
Capital expenditures	(16,090)	(12,876)
Purchase of time deposits	(87,500)	0
Proceeds from maturities and sales of marketable debt securities	0	6,050
Purchases of marketable debt securities	(66,891)	(47,930)
Purchases of long-term investments	(813)	(8,345)
Net proceeds from the sale of a business and long-term investments	93,097	115
Other, net	4,380	2,728
Net cash used in investing activities attributable to continuing operations	(76,069)	(65,967)
Cash flows from financing activities attributable to continuing operations:
Purchase of treasury stock	(135,938)	(200,000)
Principal payment on long-term debt	(10,000)	0
Repurchase of Senior Notes	(32,912)	0
Dividends	0	(28,675)
Issuance of IAC common stock pursuant to stock-based awards, net of withholding taxes	(14,919)	(10,339)
Issuance of Match Group common stock pursuant to stock-based awards, net of withholding taxes	(4,453)	0
Excess tax benefits from stock-based awards	15,264	16,846
Purchase of noncontrolling interests	(1,400)	(15,338)
Acquisition-related contingent consideration payments	(312)	(180)
Other, net	(5,856)	110
Net cash used in financing activities attributable to continuing operations	(190,526)	(237,576)
Total cash used in continuing operations	(242,498)	(307,353)
Effect of exchange rate changes on cash and cash equivalents	(285)	(11,455)
Net decrease in cash and cash equivalents	(242,783)	(318,808)
Cash and cash equivalents at beginning of period	1,481,447	990,405
Cash and cash equivalents at end of period	$ 1,238,664	$ 671,597

THE COMPANY AND SUMMARY OF SIGN

THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2016
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 comprised of some of the world's most recognized brands and products, such as HomeAdvisor, Vimeo, About.com, Dictionary.com, The Daily Beast, Investopedia, and Match Group's online dating portfolio, which includes Match, OkCupid, Tinder and PlentyOfFish. 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, 2015. Accounting Estimates Management of the Company is required to make certain estimates, judgments and assumptions during the preparation of its consolidated financial statements in accordance with GAAP. These estimates, judgments and assumptions impact the reported amounts of assets, liabilities, revenue and expenses and the related disclosure of contingent assets and liabilities. Actual results could differ from those 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 recoverability 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"). The Company's service agreement became effective on April 1, 2016, following the expiration of the previous services agreement. This services agreement expires on March 31, 2020; the Company may choose to terminate the agreement effective March 31, 2019. This services agreement requires that we comply with certain guidelines promulgated by Google. Google may generally unilaterally update its own policies and guidelines without advance notice; which could in turn 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 months ended March 31, 2016 and 2015, revenue earned from Google was $284.6 million and $339.6 million , respectively. This revenue is earned by the businesses comprising the Publishing and Applications segments. For the three months ended March 31, 2016 and 2015, revenue earned from Google represents 83% and 84% of Publishing revenue; and 91% and 95% of Applications revenue, respectively. Accounts receivable related to revenue earned from Google totaled $89.7 million and $97.2 million at March 31, 2016 and December 31, 2015 , respectively. Recent Accounting Pronouncements In March 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update ("ASU") No. 2016-09, Improvements to Employee Share-Based Payments Accounting (Topic 718). The update is intended to simplify existing guidance on various aspects of the accounting and presentation of employee share-based payments in financial statements including the accounting for income taxes, forfeitures and statutory tax withholding requirements, as well as classification on the statement of cash flows. The provisions of ASU 2016-09 are effective for reporting periods beginning after December 15, 2016; early adoption is permitted. The Company is currently evaluating the impact the adoption of this standard update will have on its consolidated financial statements. In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) , which supersedes existing guidance on accounting for leases in "Leases (Topic 840)" and generally requires all leases to be recognized in the statement of financial position. The provisions of ASU 2016-02 are effective for reporting periods beginning after December 15, 2018; early adoption is permitted. The provisions of ASU 2016-02 are to be applied using a modified retrospective approach. The Company is currently evaluating the impact the adoption of this standard update will have on its consolidated financial statements. In April 2015, the FASB issued ASU No. 2015-03, Interest-Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs, and in August 2015, the FASB issued ASU 2015-15, Interest-Imputation of Interest (Subtopic 835-30): Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements . Together, this guidance requires that deferred debt issuance costs be presented in the balance sheet as a direct deduction from the carrying amount of the associated debt liability, while debt issuance costs related to line-of-credit arrangements may still continue to be classified as assets. The Company adopted the provisions of ASU 2015-03 and ASU 2015-15 in the first quarter of 2016 and applied the provisions retrospectively, resulting in $21.3 million of deferred debt issuance costs being reclassified from other non-current assets to long-term debt, net of current portion, in the accompanying December 31, 2015 consolidated balance sheet. In May 2014, the FASB issued 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 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 impact the adoption of this standard update will have on its consolidated financial statements, and the method and timing of adoption. Reallocation of Noncontrolling Interests During the quarter ended March 31, 2016, the Company reallocated amounts within the accounts comprising shareholders' equity to correct the amount of noncontrolling interests that was initially recorded following the initial public offering ("IPO") of Match Group, which occurred on November 24, 2015. The noncontrolling interests should have been recorded using the net book value of Match Group rather than the net IPO proceeds. This adjustment corrects this. In addition, this adjustment allocates the proportionate share of the accumulated other comprehensive loss to the noncontrolling interests balance. The reallocation has no effect on net income or earnings per share. Based on our assessment of both qualitative and quantitative factors, the reallocation was not considered material to the consolidated financial statements of the Company as of and for: (i) the year ended December 31, 2015; and (ii) the three months ended March 31, 2016. Therefore, the adjustment was reflected in the consolidated financial statements of the Company as of and for the three months ended March 31, 2016. Reclassifications Certain prior year amounts have been reclassified to conform to the current year presentation.

INCOME TAXES

INCOME TAXES	3 Months Ended
	Mar. 31, 2016
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 months ended March 31, 2016 , the Company recorded an income tax provision for continuing operations of $1.5 million which represents an effective income tax rate of 16% . The effective tax rate for the three months ended March 31, 2016 is lower than the statutory rate of 35% due primarily to the non-taxable gain on the sale of PriceRunner, partially offset by the non-deductible loss on contingent consideration fair value adjustments and the unbenefited loss associated with the other-than-temporary impairment charges related to certain of the Company's cost method investments. For the three months ended March 31, 2015, the Company recorded an income tax provision for continuing operations of $6.2 million , which represents an effective income tax rate of 22% . The effective tax rate for the three months ended March 31, 2015 is lower than the statutory rate of 35% due principally to the non-taxable gain on contingent consideration fair value adjustments and a reduction in tax reserves and related interest due to the expiration of statutes of limitations. The Company recognizes interest and, if applicable, penalties related to unrecognized tax benefits in the income tax provision. At March 31, 2016 and December 31, 2015 , the Company has accrued $2.7 million and $2.5 million , respectively, for the payment of interest. At March 31, 2016 and December 31, 2015 , the Company has accrued $1.9 million and $2.2 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 tax years beginning with 2009, with the exception of one jurisdiction, which is currently under audit beginning in 2005. 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 income tax contingencies and the amounts owed by the Company are recorded in the period they become known. At March 31, 2016 and December 31, 2015 , unrecognized tax benefits, including interest, are $43.2 million and $43.4 million , respectively. If unrecognized tax benefits at March 31, 2016 are subsequently recognized, $41.0 million , net of related deferred tax assets and interest, would reduce income tax expense. The comparable amount as of December 31, 2015 was $41.0 million . The Company believes that it is reasonably possible that its unrecognized tax benefits could decrease by $10.3 million within twelve months of March 31, 2016 , primarily due to expirations of statutes of limitations; $9.9 million of which would reduce the income tax provision for continuing operations.

MARKETABLE SECURITIES

MARKETABLE SECURITIES	3 Months Ended
	Mar. 31, 2016
Marketable Securities [Abstract]
MARKETABLE SECURITIES	MARKETABLE SECURITIES At March 31, 2016 , current available-for-sale marketable securities are as follows: Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (In thousands) Corporate debt securities $ 29,759 $ 50 $ (56 ) $ 29,753 Treasury discount notes 64,912 29 — 64,941 Total debt securities 94,671 79 (56 ) 94,694 Equity security 8,659 2,963 — 11,622 Total marketable securities $ 103,330 $ 3,042 $ (56 ) $ 106,316 At December 31, 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 $ 27,765 $ — $ (187 ) $ 27,578 Equity security 8,659 2,963 — 11,622 Total marketable securities $ 36,424 $ 2,963 $ (187 ) $ 39,200 The unrealized gains and losses in the tables above are included in "Accumulated other comprehensive loss" in the accompanying consolidated balance sheet. The gross unrealized losses on the marketable debt securities relate primarily to changes in interest rates. The Company does not consider the gross unrealized losses to be other-than-temporary because the Company does not intend to sell the marketable debt securities that generated the gross unrealized losses at March 31, 2016 , and it is not more likely than not that the Company will be required to sell these securities before recovery of their amortized cost bases, which may be maturity. There are no investments in current available-for-sale marketable debt securities that have been in a continuous unrealized loss position for longer than twelve months as of March 31, 2016 . The contractual maturities of debt securities classified as current available-for-sale at March 31, 2016 are as follows: Amortized Cost Fair Value (In thousands) Due in one year or less $ 80,998 $ 81,008 Due after one year through five years 13,673 13,686 Total $ 94,671 $ 94,694 The following table presents the proceeds from maturities and sales of current and non-current available-for-sale marketable securities: Three Months Ended March 31, 2016 2015 (In thousands) Proceeds from maturities and sales of available-for-sale marketable securities $ 10,000 $ 6,050 There were no gross realized gains or losses from the maturities and sales of available-for-sale marketable securities for the three months ended March 31, 2016 and 2015 . 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 (loss) into earnings.

FAIR VALUE MEASUREMENTS AND FIN

FAIR VALUE MEASUREMENTS AND FINANCIAL INSTRUMENTS	3 Months Ended
	Mar. 31, 2016
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: March 31, 2016 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 $ 524,135 $ — $ — $ 524,135 Time deposits — 75,004 — 75,004 Treasury discount notes 87,493 — — 87,493 Commercial paper — 115,039 — 115,039 Time deposits, with original maturities of greater than 90 days — 87,500 — 87,500 Marketable securities: Corporate debt securities — 29,753 — 29,753 Treasury discount notes 64,941 — — 64,941 Equity security 11,622 — — 11,622 Long-term investments: Marketable equity security 6,510 — — 6,510 Total $ 694,701 $ 307,296 $ — $ 1,001,997 Liabilities: Contingent consideration arrangements $ — $ — $ (37,243 ) $ (37,243 ) December 31, 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 $ 601,848 $ — $ — $ 601,848 Time deposits — 125,038 — 125,038 Commercial paper — 302,418 — 302,418 Marketable securities: Corporate debt securities — 27,578 — 27,578 Equity security 11,622 — — 11,622 Long-term investments: Auction rate security — — 4,050 4,050 Marketable equity security 7,542 — — 7,542 Total $ 621,012 $ 455,034 $ 4,050 $ 1,080,096 Liabilities: Contingent consideration arrangements $ — $ — $ (33,873 ) $ (33,873 ) The following table presents 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 March 31, 2016 2015 Auction Rate Security Contingent Consideration Arrangements Auction Rate Security Contingent Consideration Arrangements (In thousands) Balance at January 1 $ 4,050 $ (33,873 ) $ 6,070 $ (30,140 ) Total net gains (losses): Included in earnings: Fair value adjustments — (3,669 ) — 6,996 Foreign currency exchange gains — — — 630 Included in other comprehensive income (loss) 5,950 (1,906 ) 120 1,733 Fair value at date of acquisition — 1,893 — (363 ) Settlements — 312 — 180 Proceeds from sale (10,000 ) — — — Balance at March 31 $ — $ (37,243 ) $ 6,190 $ (20,964 ) Contingent Consideration Arrangements As of March 31, 2016 , 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 are $147.8 million and the fair value of these arrangements at March 31, 2016 is $37.1 million . The fair value of the one contingent consideration arrangement without a limit on the maximum amount is $0.1 million at March 31, 2016 . These amounts exclude the contingent consideration arrangement related to Match Group's acquisition, on January 4, 2013, of Massive Media NV, which operates Twoo.com. While the remaining maximum contingent payment cannot exceed €72.9 million ( $81.4 million and $79.9 million at March 31, 2016 and December 31, 2015, respectively), based on results for the year ended December 31, 2015, the Company will not be required to make additional payments with respect to this contingent consideration arrangement. The contingent consideration arrangements are generally based upon earnings performance and/or operating metrics such as monthly active users. The Company determines the fair value of the contingent consideration arrangements by using probability-weighted analyses to determine the amounts of the gross liability, and, if the arrangement is long-term in nature, applying a discount rate that appropriately captures the risks associated with the obligation to determine the net amount reflected in the consolidated financial statements. The number of scenarios in the probability-weighted analyses can vary; generally, more scenarios are prepared for longer duration and more complex arrangements. The fair values of the contingent consideration arrangements at March 31, 2016 reflect discount rates ranging from 12% to 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, including the accretion of the discount, if applicable, and changes are recognized in “General and administrative expense” in the accompanying consolidated statement of operations. The contingent consideration arrangement liability at March 31, 2016 and December 31, 2015 includes a current portion of $5.1 million and $2.6 million , respectively, and non-current portion of $32.2 million and $31.2 million , respectively, 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. At October 1, 2015, the date of our most recent annual impairment assessment, the fair value of the Company's reporting units exceeded their carrying values by more than 20% with the exception of Publishing and ShoeBuy. To illustrate the magnitude of a potential impairment charge relative to future changes in estimated fair value, had the estimated fair value of Publishing and ShoeBuy been hypothetically lower by 10% and 20% as of October 1, 2015, the carrying value of Publishing would have exceeded its fair value by approximately $20 million and $60 million , respectively, and the carrying value of ShoeBuy would have exceeded its fair value by approximately $1 million and $5 million , respectively. Cost method investments At March 31, 2016 and December 31, 2015 , the carrying values of the Company's investments accounted for under the cost method totaled $112.3 million and $114.5 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. Long-term marketable equity security The cost basis of the Company's long-term marketable equity security at March 31, 2016 and December 31, 2015 is $5.0 million , with gross unrealized gains of $1.5 million and $2.6 million at March 31, 2016 and December 31, 2015 , respectively. The gross unrealized gains at March 31, 2016 and December 31, 2015 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: March 31, 2016 December 31, 2015 Carrying Fair Carrying Fair (In thousands) Current portion of long-term debt $ (65,000 ) $ (65,813 ) $ (40,000 ) $ (39,850 ) Long-term debt, net of current portion (1,660,872 ) (1,710,122 ) (1,726,954 ) (1,761,601 ) The fair value of long-term debt, including the current portion, is estimated using market prices or indices for similar liabilities and takes into consideration other factors such as credit quality and maturity, which are Level 3 inputs.

LONG-TERM DEBT

LONG-TERM DEBT	3 Months Ended
	Mar. 31, 2016
Debt Disclosure [Abstract]
LONG-TERM DEBT	LONG-TERM DEBT Long-term debt consists of: March 31, 2016 December 31, 2015 (In thousands) Match Group Debt: Match Group Term Loan due November 16, 2022 $ 790,000 $ 800,000 6.75% Senior Notes due December 15, 2022 (the "Match Group Senior Notes"); interest payable each June 15 and December 15 which commences June 15, 2016 445,172 445,172 Total Match Group long-term debt 1,235,172 1,245,172 Less: Current portion of Match Group long-term debt 40,000 40,000 Less: Unamortized original issue discount and original issue premium, net 11,266 11,691 Less: Match Group unamortized debt issuance costs 16,009 16,610 Total Match Group debt, net of current portion 1,167,897 1,176,871 IAC Debt: 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 470,003 500,000 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 51,817 54,732 Total IAC long-term debt 521,820 554,732 Less: Current portion of long-term debt 25,000 — Less: IAC unamortized debt issuance costs 3,845 4,649 Total IAC debt, net of current portion 492,975 550,083 Total long-term debt, net of current portion $ 1,660,872 $ 1,726,954 The 2013 and 2012 Senior Notes were issued by IAC on November 15, 2013 and December 21, 2012, respectively. The 2013 and 2012 Senior Notes are unconditionally guaranteed by certain wholly-owned domestic subsidiaries, which are designated as guarantor subsidiaries. The guarantor subsidiaries are the same for the 2013 and 2012 Senior Notes. See Note 11 for guarantor and non-guarantor financial information. The indenture governing the 2013 Senior Notes contains covenants that would limit our ability to pay dividends or to make distributions and repurchase or redeem our stock in the event a default has occurred or our leverage ratio (as defined in the indenture) exceeds 3.0 to 1.0. At March 31, 2016 , there were no limitations pursuant thereto. There are additional covenants that limit the Company's ability and the ability of its restricted subsidiaries to, among other things, (i) incur indebtedness, make investments, or sell assets in the event we are not in compliance with the financial ratio set forth in the indenture, and (ii) incur liens, enter into agreements limiting our restricted subsidiaries' ability to pay dividends, enter into transactions with affiliates and consolidate, merge or sell substantially all of our assets. The indenture governing the 2012 Senior Notes was amended to eliminate substantially all of the restrictive covenants contained therein in connection with the Match Exchange Offer described below. IAC has a $300 million revolving credit facility (the "IAC Credit Facility") that expires October 7, 2020. At March 31, 2016 and December 31, 2015, there were no outstanding borrowings under the IAC Credit Facility. The annual commitment fee on undrawn funds is currently 35 basis points , and is based on the leverage ratio most recently reported. Borrowings under the IAC Credit Facility bear interest, at the Company's option, at a base rate or LIBOR, in each case, plus an applicable margin, which is determined by reference to a pricing grid based on the Company's leverage ratio. The terms of the IAC Credit Facility require that the Company maintains a leverage ratio of not more than 3.25 to 1.0 and restrict our ability to incur additional indebtedness. Borrowings under the IAC Credit Facility are unconditionally guaranteed by the same domestic subsidiaries that guarantee the 2013 and 2012 Senior Notes and are also secured by the stock of certain of our domestic and foreign subsidiaries. The 2013 Senior Notes and 2012 Senior Notes rank equally with each other, and are subordinate to outstanding borrowings under the IAC Credit Facility. The Match Group Senior Notes were issued on November 16, 2015, in connection with a private exchange offer to eligible holders to exchange any and all of the 2012 Senior Notes for Match Group Senior Notes issued by Match Group (the "Match Exchange Offer"). Following the Match Exchange Offer, Match Group and its subsidiaries were designated as unrestricted subsidiaries of IAC for purposes of the indentures governing the 2013 and 2012 Senior Notes and the IAC Credit Facility. Following this designation, neither Match Group nor any of its subsidiaries guarantee any debt of IAC, or are subject to any of the covenants related to such debt. The indenture governing the Match Group Senior Notes contains covenants that would limit Match Group's ability to pay dividends or to make distributions and repurchase or redeem Match Group stock in the event a default has occurred or Match Group is not in compliance with the maximum leverage ratio of 5.0 to 1.0. At March 31, 2016 , there were no limitations pursuant thereto. There are additional covenants that limit Match Group's ability and the ability of its subsidiaries to, among other things, (i) incur indebtedness, make investments, or sell assets in the event Match Group is not in compliance with the financial ratio set forth in the indenture, and (ii) incur liens, enter into agreements restricting Match Group subsidiaries' ability to pay dividends, enter into transactions with affiliates and consolidate, merge or sell substantially all of their assets. Match Group, under a credit agreement (the "Match Group Credit Agreement") entered into in 2015, has a $500 million revolving credit facility (the "Match Group Credit Facility") that expires on October 7, 2020. At March 31, 2016 and December 31, 2015, there were no outstanding borrowings under the Match Group Credit Facility. The annual commitment fee on undrawn funds is currently 35 basis points , and is based on the leverage ratio most recently reported. Borrowings under the Match Group Credit Facility bear interest, at Match Group's option, at a base rate or LIBOR, in each case plus an applicable margin, which is determined by reference to a pricing grid based on Match Group's consolidated net leverage ratio. The terms of the Match Group Credit Facility require Match Group to maintain a leverage ratio of not more than 5.0 to 1.0 and a minimum interest coverage ratio of not less than 2.5 to 1.0. On November 16, 2015, the Match Group borrowed $800 million under the Match Group Credit Agreement, in the form of a seven -year term loan (the "Match Group Term Loan"). Principal payments of $10 million under the Match Group Term Loan are due quarterly through maturity, at which point a final principal payment of $530 million will become due. Additionally, the Match Group Term Loan may require additional annual principal payments as part of an excess cash flow sweep provision, the amount of which is governed by the net secured leverage ratio. The Match Group Term Loan bears interest, at its option, at a base rate or LIBOR, plus 3.50% or 4.50% , respectively, with, in the case of LIBOR, a floor of 1.00% . Interest payments are due at least semi-annually through the term of the loan. The Match Group Term Loan and outstanding borrowings, if any, under the Match Group Credit Facility rank equally with each other, and have priority over the Match Group Senior Notes to the extent of the value of the assets securing the borrowings under the Match Group Credit Agreement. There are additional covenants under the Match Group Credit Facility and the Match Group Term Loan that limit Match Group's ability and the ability of its subsidiaries to, among other things, incur indebtedness, pay dividends or make distributions. While the Match Group Term Loan remains outstanding, these same covenants under the Match Group Credit Agreement are more restrictive than the covenants that are applicable to the Match Group Credit Facility. Obligations under the Match Group Credit Facility and Match Group Term Loan are unconditionally guaranteed by certain wholly-owned Match Group domestic subsidiaries, and are also secured by the stock of certain Match Group domestic and foreign subsidiaries.

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE LOSS	3 Months Ended
	Mar. 31, 2016
Equity [Abstract]
ACCUMULATED OTHER COMPREHENSIVE LOSS	ACCUMULATED OTHER COMPREHENSIVE LOSS The following tables present the components of accumulated other comprehensive (loss) income and items reclassified out of accumulated other comprehensive loss into earnings: Three Months Ended March 31, 2016 Foreign Currency Translation Adjustment Unrealized Gains On Available-For-Sale Securities Accumulated Other Comprehensive (Loss) Income (In thousands) Balance as of January 1 $ (154,645 ) $ 2,542 $ (152,103 ) Other comprehensive income before reclassifications, net of tax benefit of $0.3 million related to unrealized losses on available-for-sale securities 7,182 5,437 12,619 Amounts reclassified to earnings 7,389 — 7,389 Net current period other comprehensive income 14,571 5,437 20,008 Reallocation of accumulated other comprehensive loss (income) related to the noncontrolling interests created in the Match Group initial public offering 21,589 (458 ) 21,131 Balance as of March 31 $ (118,485 ) $ 7,521 $ (110,964 ) Three Months Ended March 31, 2015 Foreign Currency Translation Adjustment Unrealized (Losses) Gains On Available-For-Sale Securities Accumulated Other Comprehensive Loss (In thousands) Balance as of January 1 $ (86,848 ) $ (852 ) $ (87,700 ) Other comprehensive (loss) income, net of tax provision of $0.1 million related to unrealized gains on available-for-sale securities (56,334 ) 761 (55,573 ) Balance as of March 31 $ (143,182 ) $ (91 ) $ (143,273 )

EARNINGS PER SHARE

EARNINGS PER SHARE	3 Months Ended
	Mar. 31, 2016
Earnings Per Share [Abstract]
EARNINGS PER SHARE	EARNINGS PER SHARE The following tables set forth the computation of basic and diluted earnings per share attributable to IAC shareholders. Three Months Ended March 31, 2016 2015 Basic Diluted Basic Diluted (In thousands, except per share data) Numerator: Earnings from continuing operations $ 7,934 $ 7,934 $ 21,863 $ 21,863 Net loss attributable to noncontrolling interests 348 348 4,417 4,417 Impact from Match Group's dilutive securities (a) — (514 ) — — Earnings from continuing operations attributable to IAC shareholders 8,282 7,768 26,280 26,280 Earnings from discontinued operations attributable to IAC shareholders — — 125 125 Net earnings attributable to IAC shareholders $ 8,282 $ 7,768 $ 26,405 $ 26,405 Denominator: Weighted average basic shares outstanding 82,027 82,027 83,453 83,453 Dilutive securities including subsidiary denominated equity, stock options and RSUs (b) — 2,798 — 5,305 Denominator for earnings per share—weighted average shares (b) 82,027 84,825 83,453 88,758 Earnings per share attributable to IAC shareholders: Earnings per share from continuing operations $ 0.10 $ 0.09 $ 0.31 $ 0.30 Discontinued operations — — 0.01 — Earnings per share $ 0.10 $ 0.09 $ 0.32 $ 0.30 _________________________________________ (a) Represents the impact on earnings related to Match Group's dilutive securities under the if-converted method. (b) If the effect is dilutive, weighted average common shares outstanding include the incremental shares that would be issued upon the assumed exercise of subsidiary denominated equity, stock options and vesting of restricted stock units ("RSUs"). For the three months ended March 31, 2016 and 2015, 4.1 million and 2.0 million potentially dilutive securities, respectively, are excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive.

SEGMENT INFORMATION

SEGMENT INFORMATION	3 Months Ended
	Mar. 31, 2016
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 Other reportable segment, do not meet the quantitative thresholds that require presentation as separate operating segments. Three Months Ended March 31, 2016 2015 (In thousands) Revenue: Match Group $ 285,283 $ 235,069 HomeAdvisor 111,489 75,844 Publishing 166,002 179,025 Applications 159,796 197,467 Video 55,095 46,472 Other 41,632 38,853 Inter-segment eliminations (118 ) (218 ) Total $ 819,179 $ 772,512 Three Months Ended March 31, 2016 2015 (In thousands) Operating Income (Loss): Match Group $ 29,188 $ 27,040 HomeAdvisor 1,914 (3,997 ) Publishing 6,776 19,376 Applications 27,678 38,906 Video (17,485 ) (20,469 ) Other (102 ) (541 ) Corporate (26,552 ) (25,196 ) Total $ 21,417 $ 35,119 Three Months Ended March 31, 2016 2015 (In thousands) Adjusted EBITDA: Match Group $ 64,586 $ 33,250 HomeAdvisor 4,966 (836 ) Publishing 11,414 26,653 Applications 31,058 45,549 Video (16,901 ) (19,706 ) Other 1,059 722 Corporate (10,296 ) (10,475 ) Total $ 85,886 $ 75,157 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 March 31, 2016 2015 (In thousands) Revenue: United States $ 604,491 $ 570,013 All other countries 214,688 202,499 Total $ 819,179 $ 772,512 March 31, December 31, (In thousands) Long-lived assets (excluding goodwill and intangible assets): United States $ 281,882 $ 279,913 All other countries 23,081 22,904 Total $ 304,963 $ 302,817 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 and to net earnings attributable to IAC shareholders: Three Months Ended March 31, 2016 Adjusted EBITDA Stock-Based Compensation Expense Depreciation Amortization of Intangibles Acquisition-related Contingent Consideration Fair Value Adjustments Operating Income (Loss) (In thousands) Match Group $ 64,586 $ (17,498 ) $ (6,487 ) $ (8,252 ) $ (3,161 ) $ 29,188 HomeAdvisor 4,966 (407 ) (1,873 ) (772 ) — 1,914 Publishing 11,414 — (2,189 ) (2,449 ) — 6,776 Applications 31,058 — (1,149 ) (1,531 ) (700 ) 27,678 Video (16,901 ) — (398 ) (378 ) 192 (17,485 ) Other 1,059 — (723 ) (438 ) — (102 ) Corporate (10,296 ) (13,280 ) (2,976 ) — — (26,552 ) Total $ 85,886 $ (31,185 ) $ (15,795 ) $ (13,820 ) $ (3,669 ) 21,417 Interest expense (27,860 ) Other income, net 15,897 Earnings from continuing operations before income taxes 9,454 Income tax provision (1,520 ) Earnings from continuing operations 7,934 Earnings from discontinued operations, net of tax — Net earnings 7,934 Net loss attributable to noncontrolling interests 348 Net earnings attributable to IAC shareholders $ 8,282 Three Months Ended March 31, 2015 Adjusted EBITDA Stock-Based Compensation Expense Depreciation Amortization of Intangibles Acquisition-related Contingent Consideration Fair Value Adjustments Operating Income (Loss) (In thousands) Match Group $ 33,250 $ (6,299 ) $ (7,045 ) $ (3,877 ) $ 11,011 $ 27,040 HomeAdvisor (836 ) (420 ) (1,551 ) (1,190 ) — (3,997 ) Publishing 26,653 — (2,507 ) (4,770 ) — 19,376 Applications 45,549 — (1,042 ) (1,581 ) (4,020 ) 38,906 Video (19,706 ) (147 ) (198 ) (423 ) 5 (20,469 ) Other 722 — (549 ) (714 ) — (541 ) Corporate (10,475 ) (12,045 ) (2,676 ) — — (25,196 ) Total $ 75,157 $ (18,911 ) $ (15,568 ) $ (12,555 ) $ 6,996 35,119 Interest expense (14,064 ) Other income, net 6,988 Earnings from continuing operations before income taxes 28,043 Income tax provision (6,180 ) Earnings from continuing operations 21,863 Earnings from discontinued operations, net of tax 125 Net earnings 21,988 Net loss attributable to noncontrolling interests 4,417 Net earnings attributable to IAC shareholders $ 26,405

CONSOLIDATED FINANCIAL STATEMEN

CONSOLIDATED FINANCIAL STATEMENT DETAILS	3 Months Ended
	Mar. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
CONSOLIDATED FINANCIAL STATEMENT DETAILS	CONSOLIDATED FINANCIAL STATEMENT DETAILS Other income, net consists of: Three Months Ended March 31, 2016 2015 (In thousands) Gains on sale of a business and long-term investments (a) $ 14,700 $ 186 Foreign currency exchange gains 4,495 5,848 Interest income 1,646 1,231 Impairment on long-term investments (2,302 ) — Other (2,642 ) (277 ) Total $ 15,897 $ 6,988 _________________________________________ (a) Includes a gain of $13.5 million related to PriceRunner, which was sold on March 18, 2016. PriceRunner's full year 2015 revenue, Adjusted EBITDA and operating income were $32.3 million , $13.0 million and $9.7 million , respectively.

CONTINGENCIES

CONTINGENCIES	3 Months Ended
	Mar. 31, 2016
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	3 Months Ended
	Mar. 31, 2016
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 which are 100% owned by the Company. The following tables present condensed consolidating financial information at March 31, 2016 and December 31, 2015 and for the three months ended March 31, 2016 and 2015 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 March 31, 2016: IAC Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations IAC Consolidated (In thousands) Cash and cash equivalents $ 804,901 $ — $ 433,763 $ — $ 1,238,664 Time deposits — — 87,500 — 87,500 Marketable securities 94,694 — 11,622 — 106,316 Accounts receivable, net — 112,952 121,594 — 234,546 Other current assets 81,993 49,534 85,776 — 217,303 Intercompany receivables — 590,082 1,167,912 (1,757,994 ) — Property and equipment, net 5,668 199,202 100,093 — 304,963 Goodwill — 776,571 1,421,987 — 2,198,558 Intangible assets, net — 136,796 290,028 — 426,824 Investment in subsidiaries 3,661,162 570,325 — (4,231,487 ) — Other non-current assets 58,940 10,797 178,024 (10,092 ) 237,669 Total assets $ 4,707,358 $ 2,446,259 $ 3,898,299 $ (5,999,573 ) $ 5,052,343 Current portion of long-term debt $ 25,000 $ — $ 40,000 $ — $ 65,000 Accounts payable, trade 2,658 53,242 40,603 — 96,503 Other current liabilities 38,360 167,389 409,690 — 615,439 Long-term debt, net of current portion 492,975 — 1,167,897 — 1,660,872 Income taxes payable 447 3,931 29,497 — 33,875 Intercompany liabilities 1,757,994 — — (1,757,994 ) — Other long-term liabilities 324,486 18,863 92,754 (10,092 ) 426,011 Redeemable noncontrolling interests — — 28,132 — 28,132 IAC shareholders' equity 2,065,438 2,202,834 2,028,653 (4,231,487 ) 2,065,438 Noncontrolling interests — — 61,073 — 61,073 Total liabilities and shareholders' equity $ 4,707,358 $ 2,446,259 $ 3,898,299 $ (5,999,573 ) $ 5,052,343 Balance sheet at December 31, 2015: IAC Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations IAC Consolidated (In thousands) Cash and cash equivalents $ 1,073,053 $ — $ 408,394 $ — $ 1,481,447 Marketable securities 27,578 — 11,622 — 39,200 Accounts receivable, net 33 117,337 132,707 — 250,077 Other current assets 30,813 48,884 94,589 — 174,286 Intercompany receivables — 570,607 1,029,863 (1,600,470 ) — Property and equipment, net 4,432 201,242 97,143 — 302,817 Goodwill — 830,642 1,414,722 — 2,245,364 Intangible assets, net — 139,160 301,668 — 440,828 Investment in subsidiaries 3,128,765 457,063 — (3,585,828 ) — Other non-current assets 84,368 13,428 171,867 (14,991 ) 254,672 Total assets $ 4,349,042 $ 2,378,363 $ 3,662,575 $ (5,201,289 ) $ 5,188,691 Current portion of long-term debt $ — $ — $ 40,000 $ — $ 40,000 Accounts payable, trade 4,711 43,240 38,932 — 86,883 Other current liabilities 62,833 182,848 395,982 — 641,663 Long-term debt, net of current portion 550,083 — 1,176,871 — 1,726,954 Income taxes payable 152 3,435 30,105 — 33,692 Intercompany liabilities 1,600,470 — — (1,600,470 ) — Other long-term liabilities 326,267 18,160 83,847 (14,991 ) 413,283 Redeemable noncontrolling interests — — 30,391 — 30,391 IAC shareholders' equity 1,804,526 2,130,680 1,455,148 (3,585,828 ) 1,804,526 Noncontrolling interests — — 411,299 — 411,299 Total liabilities and shareholders' equity $ 4,349,042 $ 2,378,363 $ 3,662,575 $ (5,201,289 ) $ 5,188,691 Statement of operations for the three months ended March 31, 2016: IAC Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations IAC Consolidated (In thousands) Revenue $ — $ 402,952 $ 419,105 $ (2,878 ) $ 819,179 Operating costs and expenses: Cost of revenue (exclusive of depreciation shown separately below) 212 82,699 111,434 (611 ) 193,734 Selling and marketing expense 889 215,702 168,025 (2,275 ) 382,341 General and administrative expense 18,972 46,656 70,606 8 136,242 Product development expense 1,379 26,608 27,843 — 55,830 Depreciation 437 7,220 8,138 — 15,795 Amortization of intangibles — 2,364 11,456 — 13,820 Total operating costs and expenses 21,889 381,249 397,502 (2,878 ) 797,762 Operating (loss) income (21,889 ) 21,703 21,603 — 21,417 Equity in earnings of unconsolidated affiliates 34,463 7,091 — (41,554 ) — Interest expense (7,418 ) — (20,442 ) — (27,860 ) Other (expense) income, net (9,985 ) 3,632 22,250 — 15,897 (Loss) earnings from continuing operations before income taxes (4,829 ) 32,426 23,411 (41,554 ) 9,454 Income tax benefit (provision) 13,111 (9,975 ) (4,656 ) — (1,520 ) Earnings from continuing operations 8,282 22,451 18,755 (41,554 ) 7,934 Earnings from discontinued operations, net of tax — — — — — Net earnings 8,282 22,451 18,755 (41,554 ) 7,934 Net loss attributable to noncontrolling interests — — 348 — 348 Net earnings attributable to IAC shareholders $ 8,282 $ 22,451 $ 19,103 $ (41,554 ) $ 8,282 Comprehensive income attributable to IAC shareholders $ 28,290 $ 28,949 $ 34,826 $ (63,775 ) $ 28,290 Statement of operations for the three months ended March 31, 2015: IAC Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations IAC Consolidated (In thousands) Revenue $ — $ 429,961 $ 344,882 $ (2,331 ) $ 772,512 Operating costs and expenses: Cost of revenue (exclusive of depreciation shown separately below) 245 91,722 95,018 (248 ) 186,737 Selling and marketing expense 1,055 221,701 141,817 (2,091 ) 362,482 General and administrative expense 24,064 41,520 49,202 8 114,794 Product development expense 2,177 22,628 20,452 — 45,257 Depreciation 401 6,735 8,432 — 15,568 Amortization of intangibles — 4,604 7,951 — 12,555 Total operating costs and expenses 27,942 388,910 322,872 (2,331 ) 737,393 Operating (loss) income (27,942 ) 41,051 22,010 — 35,119 Equity in earnings (losses) of unconsolidated affiliates 57,455 (12,152 ) — (45,303 ) — Interest expense (12,990 ) (1,038 ) (36 ) — (14,064 ) Other (expense) income, net (9,352 ) 9,469 6,871 — 6,988 Earnings from continuing operations before income taxes 7,171 37,330 28,845 (45,303 ) 28,043 Income tax benefit (provision) 19,109 (19,764 ) (5,525 ) — (6,180 ) Earnings from continuing operations 26,280 17,566 23,320 (45,303 ) 21,863 Earnings from discontinued operations, net of tax 125 — — — 125 Net earnings 26,405 17,566 23,320 (45,303 ) 21,988 Net loss attributable to noncontrolling interests — — 4,417 — 4,417 Net earnings attributable to IAC shareholders $ 26,405 $ 17,566 $ 27,737 $ (45,303 ) $ 26,405 Comprehensive (loss) income attributable to IAC shareholders $ (29,168 ) $ 11,772 $ (28,998 ) $ 17,226 $ (29,168 ) Statement of cash flows for the three months ended March 31, 2016: IAC Guarantor Subsidiaries Non-Guarantor Subsidiaries IAC Consolidated (In thousands) Net cash (used in) provided by operating activities attributable to continuing operations $ (59,129 ) $ 44,386 $ 38,840 $ 24,097 Cash flows from investing activities attributable to continuing operations: Acquisitions, net of cash acquired — — (2,252 ) (2,252 ) Capital expenditures (281 ) (7,482 ) (8,327 ) (16,090 ) Purchase of time deposits — — (87,500 ) (87,500 ) Purchases of marketable debt securities (66,891 ) — — (66,891 ) Purchases of long-term investments — — (813 ) (813 ) Net proceeds from the sale of a business and long-term investments 10,000 — 83,097 93,097 Other, net — 155 4,225 4,380 Net cash used in investing activities attributable to continuing operations (57,172 ) (7,327 ) (11,570 ) (76,069 ) Cash flows from financing activities attributable to continuing operations: Purchase of treasury stock (135,938 ) — — (135,938 ) Principal payment on long-term debt — — (10,000 ) (10,000 ) Repurchase of Senior Notes (32,912 ) — — (32,912 ) Issuance of IAC common stock pursuant to stock-based awards, net of withholding taxes (14,919 ) — — (14,919 ) Issuance of Match Group common stock pursuant to stock-based awards, net of withholding taxes — — (4,453 ) (4,453 ) Excess tax benefits from stock-based awards 11,220 — 4,044 15,264 Purchase of noncontrolling interests (1,400 ) — — (1,400 ) Acquisition-related contingent consideration payments — (312 ) — (312 ) Intercompany 27,098 (36,747 ) 9,649 — Other, net (5,000 ) — (856 ) (5,856 ) Net cash used in financing activities attributable to continuing operations (151,851 ) (37,059 ) (1,616 ) (190,526 ) Total cash (used in) provided by continuing operations (268,152 ) — 25,654 (242,498 ) Effect of exchange rate changes on cash and cash equivalents — — (285 ) (285 ) Net (decrease) increase in cash and cash equivalents (268,152 ) — 25,369 (242,783 ) Cash and cash equivalents at beginning of period 1,073,053 — 408,394 1,481,447 Cash and cash equivalents at end of period $ 804,901 $ — $ 433,763 $ 1,238,664 Statement of cash flows for the three months ended March 31, 2015: IAC Guarantor Subsidiaries Non-Guarantor Subsidiaries IAC Consolidated (In thousands) Net cash (used in) provided by operating activities attributable to continuing operations $ (41,099 ) $ 29,603 $ 7,686 $ (3,810 ) Cash flows from investing activities attributable to continuing operations: Acquisitions, net of cash acquired — (1,900 ) (3,809 ) (5,709 ) Capital expenditures (935 ) (5,815 ) (6,126 ) (12,876 ) Proceeds from maturities and sales of marketable debt securities 6,050 — — 6,050 Purchases of marketable debt securities (47,930 ) — — (47,930 ) Purchases of long-term investments — — (8,345 ) (8,345 ) Net proceeds from the sale of a business and long-term investments — — 115 115 Other, net 3,615 48 (935 ) 2,728 Net cash used in investing activities attributable to continuing operations (39,200 ) (7,667 ) (19,100 ) (65,967 ) Cash flows from financing activities attributable to continuing operations: Purchase of treasury stock (200,000 ) — — (200,000 ) Dividends (28,675 ) — — (28,675 ) Issuance of IAC common stock pursuant to stock-based awards, net of withholding taxes (10,339 ) — — (10,339 ) Excess tax benefits from stock-based awards 4,011 — 12,835 16,846 Purchase of noncontrolling interests — — (15,338 ) (15,338 ) Acquisition-related contingent consideration payments — (180 ) — (180 ) Intercompany 17,955 (21,756 ) 3,801 — Other, net — — 110 110 Net cash (used in) provided by financing activities attributable to continuing operations (217,048 ) (21,936 ) 1,408 (237,576 ) Total cash used in continuing operations (297,347 ) — (10,006 ) (307,353 ) Effect of exchange rate changes on cash and cash equivalents — — (11,455 ) (11,455 ) Net decrease in cash and cash equivalents (297,347 ) — (21,461 ) (318,808 ) Cash and cash equivalents at beginning of period 762,231 — 228,174 990,405 Cash and cash equivalents at end of period $ 464,884 $ — $ 206,713 $ 671,597

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Mar. 31, 2016
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS Between April 1, 2016 and May 3, 2016, IAC repurchased 1.4 million shares of common stock for aggregate consideration of $65.3 million . On May 3, 2016, IAC’s Board of Directors gave the Company the authorization to repurchase an additional 10 million shares of common stock.

THE COMPANY AND SUMMARY OF SI21

THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2016
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, 2015.
Accounting Estimates	Accounting Estimates Management of the Company is required to make certain estimates, judgments and assumptions during the preparation of its consolidated financial statements in accordance with GAAP. These estimates, judgments and assumptions impact the reported amounts of assets, liabilities, revenue and expenses and the related disclosure of contingent assets and liabilities. Actual results could differ from those 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 recoverability 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"). The Company's service agreement became effective on April 1, 2016, following the expiration of the previous services agreement. This services agreement expires on March 31, 2020; the Company may choose to terminate the agreement effective March 31, 2019. This services agreement requires that we comply with certain guidelines promulgated by Google. Google may generally unilaterally update its own policies and guidelines without advance notice; which could in turn 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 Pronouncements In March 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update ("ASU") No. 2016-09, Improvements to Employee Share-Based Payments Accounting (Topic 718). The update is intended to simplify existing guidance on various aspects of the accounting and presentation of employee share-based payments in financial statements including the accounting for income taxes, forfeitures and statutory tax withholding requirements, as well as classification on the statement of cash flows. The provisions of ASU 2016-09 are effective for reporting periods beginning after December 15, 2016; early adoption is permitted. The Company is currently evaluating the impact the adoption of this standard update will have on its consolidated financial statements. In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) , which supersedes existing guidance on accounting for leases in "Leases (Topic 840)" and generally requires all leases to be recognized in the statement of financial position. The provisions of ASU 2016-02 are effective for reporting periods beginning after December 15, 2018; early adoption is permitted. The provisions of ASU 2016-02 are to be applied using a modified retrospective approach. The Company is currently evaluating the impact the adoption of this standard update will have on its consolidated financial statements. In April 2015, the FASB issued ASU No. 2015-03, Interest-Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs, and in August 2015, the FASB issued ASU 2015-15, Interest-Imputation of Interest (Subtopic 835-30): Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements . Together, this guidance requires that deferred debt issuance costs be presented in the balance sheet as a direct deduction from the carrying amount of the associated debt liability, while debt issuance costs related to line-of-credit arrangements may still continue to be classified as assets. The Company adopted the provisions of ASU 2015-03 and ASU 2015-15 in the first quarter of 2016 and applied the provisions retrospectively, resulting in $21.3 million of deferred debt issuance costs being reclassified from other non-current assets to long-term debt, net of current portion, in the accompanying December 31, 2015 consolidated balance sheet. In May 2014, the FASB issued 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 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 impact the adoption of this standard update will have on its consolidated financial statements, and 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)	3 Months Ended
	Mar. 31, 2016
Marketable Securities [Abstract]
Schedule of current available-for-sale marketable securities	At March 31, 2016 , current available-for-sale marketable securities are as follows: Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (In thousands) Corporate debt securities $ 29,759 $ 50 $ (56 ) $ 29,753 Treasury discount notes 64,912 29 — 64,941 Total debt securities 94,671 79 (56 ) 94,694 Equity security 8,659 2,963 — 11,622 Total marketable securities $ 103,330 $ 3,042 $ (56 ) $ 106,316 At December 31, 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 $ 27,765 $ — $ (187 ) $ 27,578 Equity security 8,659 2,963 — 11,622 Total marketable securities $ 36,424 $ 2,963 $ (187 ) $ 39,200
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 March 31, 2016 are as follows: Amortized Cost Fair Value (In thousands) Due in one year or less $ 80,998 $ 81,008 Due after one year through five years 13,673 13,686 Total $ 94,671 $ 94,694
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: Three Months Ended March 31, 2016 2015 (In thousands) Proceeds from maturities and sales of available-for-sale marketable securities $ 10,000 $ 6,050

FAIR VALUE MEASUREMENTS AND F23

FAIR VALUE MEASUREMENTS AND FINANCIAL INSTRUMENTS (Tables)	3 Months Ended
	Mar. 31, 2016
Fair Value Disclosures [Abstract]
Schedule of assets and liabilities 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: March 31, 2016 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 $ 524,135 $ — $ — $ 524,135 Time deposits — 75,004 — 75,004 Treasury discount notes 87,493 — — 87,493 Commercial paper — 115,039 — 115,039 Time deposits, with original maturities of greater than 90 days — 87,500 — 87,500 Marketable securities: Corporate debt securities — 29,753 — 29,753 Treasury discount notes 64,941 — — 64,941 Equity security 11,622 — — 11,622 Long-term investments: Marketable equity security 6,510 — — 6,510 Total $ 694,701 $ 307,296 $ — $ 1,001,997 Liabilities: Contingent consideration arrangements $ — $ — $ (37,243 ) $ (37,243 ) December 31, 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 $ 601,848 $ — $ — $ 601,848 Time deposits — 125,038 — 125,038 Commercial paper — 302,418 — 302,418 Marketable securities: Corporate debt securities — 27,578 — 27,578 Equity security 11,622 — — 11,622 Long-term investments: Auction rate security — — 4,050 4,050 Marketable equity security 7,542 — — 7,542 Total $ 621,012 $ 455,034 $ 4,050 $ 1,080,096 Liabilities: Contingent consideration arrangements $ — $ — $ (33,873 ) $ (33,873 )
Schedule of changes in assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3)	The following table presents 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 March 31, 2016 2015 Auction Rate Security Contingent Consideration Arrangements Auction Rate Security Contingent Consideration Arrangements (In thousands) Balance at January 1 $ 4,050 $ (33,873 ) $ 6,070 $ (30,140 ) Total net gains (losses): Included in earnings: Fair value adjustments — (3,669 ) — 6,996 Foreign currency exchange gains — — — 630 Included in other comprehensive income (loss) 5,950 (1,906 ) 120 1,733 Fair value at date of acquisition — 1,893 — (363 ) Settlements — 312 — 180 Proceeds from sale (10,000 ) — — — Balance at March 31 $ — $ (37,243 ) $ 6,190 $ (20,964 )
Schedule of changes in liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3)	The following table presents 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 March 31, 2016 2015 Auction Rate Security Contingent Consideration Arrangements Auction Rate Security Contingent Consideration Arrangements (In thousands) Balance at January 1 $ 4,050 $ (33,873 ) $ 6,070 $ (30,140 ) Total net gains (losses): Included in earnings: Fair value adjustments — (3,669 ) — 6,996 Foreign currency exchange gains — — — 630 Included in other comprehensive income (loss) 5,950 (1,906 ) 120 1,733 Fair value at date of acquisition — 1,893 — (363 ) Settlements — 312 — 180 Proceeds from sale (10,000 ) — — — Balance at March 31 $ — $ (37,243 ) $ 6,190 $ (20,964 )
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: March 31, 2016 December 31, 2015 Carrying Fair Carrying Fair (In thousands) Current portion of long-term debt $ (65,000 ) $ (65,813 ) $ (40,000 ) $ (39,850 ) Long-term debt, net of current portion (1,660,872 ) (1,710,122 ) (1,726,954 ) (1,761,601 )

LONG-TERM DEBT (Tables)

LONG-TERM DEBT (Tables)	3 Months Ended
	Mar. 31, 2016
Debt Disclosure [Abstract]
Schedule of long-term debt	Long-term debt consists of: March 31, 2016 December 31, 2015 (In thousands) Match Group Debt: Match Group Term Loan due November 16, 2022 $ 790,000 $ 800,000 6.75% Senior Notes due December 15, 2022 (the "Match Group Senior Notes"); interest payable each June 15 and December 15 which commences June 15, 2016 445,172 445,172 Total Match Group long-term debt 1,235,172 1,245,172 Less: Current portion of Match Group long-term debt 40,000 40,000 Less: Unamortized original issue discount and original issue premium, net 11,266 11,691 Less: Match Group unamortized debt issuance costs 16,009 16,610 Total Match Group debt, net of current portion 1,167,897 1,176,871 IAC Debt: 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 470,003 500,000 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 51,817 54,732 Total IAC long-term debt 521,820 554,732 Less: Current portion of long-term debt 25,000 — Less: IAC unamortized debt issuance costs 3,845 4,649 Total IAC debt, net of current portion 492,975 550,083 Total long-term debt, net of current portion $ 1,660,872 $ 1,726,954

ACCUMULATED OTHER COMPREHENSI25

ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)	3 Months Ended
	Mar. 31, 2016
Equity [Abstract]
Schedule of accumulated other comprehensive loss	The following tables present the components of accumulated other comprehensive (loss) income and items reclassified out of accumulated other comprehensive loss into earnings: Three Months Ended March 31, 2016 Foreign Currency Translation Adjustment Unrealized Gains On Available-For-Sale Securities Accumulated Other Comprehensive (Loss) Income (In thousands) Balance as of January 1 $ (154,645 ) $ 2,542 $ (152,103 ) Other comprehensive income before reclassifications, net of tax benefit of $0.3 million related to unrealized losses on available-for-sale securities 7,182 5,437 12,619 Amounts reclassified to earnings 7,389 — 7,389 Net current period other comprehensive income 14,571 5,437 20,008 Reallocation of accumulated other comprehensive loss (income) related to the noncontrolling interests created in the Match Group initial public offering 21,589 (458 ) 21,131 Balance as of March 31 $ (118,485 ) $ 7,521 $ (110,964 ) Three Months Ended March 31, 2015 Foreign Currency Translation Adjustment Unrealized (Losses) Gains On Available-For-Sale Securities Accumulated Other Comprehensive Loss (In thousands) Balance as of January 1 $ (86,848 ) $ (852 ) $ (87,700 ) Other comprehensive (loss) income, net of tax provision of $0.1 million related to unrealized gains on available-for-sale securities (56,334 ) 761 (55,573 ) Balance as of March 31 $ (143,182 ) $ (91 ) $ (143,273 )

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	3 Months Ended
	Mar. 31, 2016
Earnings Per Share [Abstract]
Computation of basic and diluted earnings per share	The following tables set forth the computation of basic and diluted earnings per share attributable to IAC shareholders. Three Months Ended March 31, 2016 2015 Basic Diluted Basic Diluted (In thousands, except per share data) Numerator: Earnings from continuing operations $ 7,934 $ 7,934 $ 21,863 $ 21,863 Net loss attributable to noncontrolling interests 348 348 4,417 4,417 Impact from Match Group's dilutive securities (a) — (514 ) — — Earnings from continuing operations attributable to IAC shareholders 8,282 7,768 26,280 26,280 Earnings from discontinued operations attributable to IAC shareholders — — 125 125 Net earnings attributable to IAC shareholders $ 8,282 $ 7,768 $ 26,405 $ 26,405 Denominator: Weighted average basic shares outstanding 82,027 82,027 83,453 83,453 Dilutive securities including subsidiary denominated equity, stock options and RSUs (b) — 2,798 — 5,305 Denominator for earnings per share—weighted average shares (b) 82,027 84,825 83,453 88,758 Earnings per share attributable to IAC shareholders: Earnings per share from continuing operations $ 0.10 $ 0.09 $ 0.31 $ 0.30 Discontinued operations — — 0.01 — Earnings per share $ 0.10 $ 0.09 $ 0.32 $ 0.30 _________________________________________ (a) Represents the impact on earnings related to Match Group's dilutive securities under the if-converted method. (b) If the effect is dilutive, weighted average common shares outstanding include the incremental shares that would be issued upon the assumed exercise of subsidiary denominated equity, stock options and vesting of restricted stock units ("RSUs"). For the three months ended March 31, 2016 and 2015, 4.1 million and 2.0 million potentially dilutive securities, respectively, are excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive.

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	3 Months Ended
	Mar. 31, 2016
Segment Reporting [Abstract]
Schedule of reconciliation of revenues from segments to consolidated	Three Months Ended March 31, 2016 2015 (In thousands) Revenue: Match Group $ 285,283 $ 235,069 HomeAdvisor 111,489 75,844 Publishing 166,002 179,025 Applications 159,796 197,467 Video 55,095 46,472 Other 41,632 38,853 Inter-segment eliminations (118 ) (218 ) Total $ 819,179 $ 772,512
Schedule of reconciliation of operating income (loss) from segments to consolidated	Three Months Ended March 31, 2016 2015 (In thousands) Operating Income (Loss): Match Group $ 29,188 $ 27,040 HomeAdvisor 1,914 (3,997 ) Publishing 6,776 19,376 Applications 27,678 38,906 Video (17,485 ) (20,469 ) Other (102 ) (541 ) Corporate (26,552 ) (25,196 ) Total $ 21,417 $ 35,119
Schedule of reconciliation of Adjusted EBITDA from segments to consolidated	Three Months Ended March 31, 2016 2015 (In thousands) Adjusted EBITDA: Match Group $ 64,586 $ 33,250 HomeAdvisor 4,966 (836 ) Publishing 11,414 26,653 Applications 31,058 45,549 Video (16,901 ) (19,706 ) Other 1,059 722 Corporate (10,296 ) (10,475 ) Total $ 85,886 $ 75,157
Schedule of revenue and long-lived assets, excluding goodwill and intangible assets, by geography	Geographic information about revenue and long-lived assets is presented below: Three Months Ended March 31, 2016 2015 (In thousands) Revenue: United States $ 604,491 $ 570,013 All other countries 214,688 202,499 Total $ 819,179 $ 772,512 March 31, December 31, (In thousands) Long-lived assets (excluding goodwill and intangible assets): United States $ 281,882 $ 279,913 All other countries 23,081 22,904 Total $ 304,963 $ 302,817
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 and to net earnings attributable to IAC shareholders: Three Months Ended March 31, 2016 Adjusted EBITDA Stock-Based Compensation Expense Depreciation Amortization of Intangibles Acquisition-related Contingent Consideration Fair Value Adjustments Operating Income (Loss) (In thousands) Match Group $ 64,586 $ (17,498 ) $ (6,487 ) $ (8,252 ) $ (3,161 ) $ 29,188 HomeAdvisor 4,966 (407 ) (1,873 ) (772 ) — 1,914 Publishing 11,414 — (2,189 ) (2,449 ) — 6,776 Applications 31,058 — (1,149 ) (1,531 ) (700 ) 27,678 Video (16,901 ) — (398 ) (378 ) 192 (17,485 ) Other 1,059 — (723 ) (438 ) — (102 ) Corporate (10,296 ) (13,280 ) (2,976 ) — — (26,552 ) Total $ 85,886 $ (31,185 ) $ (15,795 ) $ (13,820 ) $ (3,669 ) 21,417 Interest expense (27,860 ) Other income, net 15,897 Earnings from continuing operations before income taxes 9,454 Income tax provision (1,520 ) Earnings from continuing operations 7,934 Earnings from discontinued operations, net of tax — Net earnings 7,934 Net loss attributable to noncontrolling interests 348 Net earnings attributable to IAC shareholders $ 8,282 Three Months Ended March 31, 2015 Adjusted EBITDA Stock-Based Compensation Expense Depreciation Amortization of Intangibles Acquisition-related Contingent Consideration Fair Value Adjustments Operating Income (Loss) (In thousands) Match Group $ 33,250 $ (6,299 ) $ (7,045 ) $ (3,877 ) $ 11,011 $ 27,040 HomeAdvisor (836 ) (420 ) (1,551 ) (1,190 ) — (3,997 ) Publishing 26,653 — (2,507 ) (4,770 ) — 19,376 Applications 45,549 — (1,042 ) (1,581 ) (4,020 ) 38,906 Video (19,706 ) (147 ) (198 ) (423 ) 5 (20,469 ) Other 722 — (549 ) (714 ) — (541 ) Corporate (10,475 ) (12,045 ) (2,676 ) — — (25,196 ) Total $ 75,157 $ (18,911 ) $ (15,568 ) $ (12,555 ) $ 6,996 35,119 Interest expense (14,064 ) Other income, net 6,988 Earnings from continuing operations before income taxes 28,043 Income tax provision (6,180 ) Earnings from continuing operations 21,863 Earnings from discontinued operations, net of tax 125 Net earnings 21,988 Net loss attributable to noncontrolling interests 4,417 Net earnings attributable to IAC shareholders $ 26,405

CONSOLIDATED FINANCIAL STATEM28

CONSOLIDATED FINANCIAL STATEMENT DETAILS (Tables)	3 Months Ended
	Mar. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Other Income (Expense), Net	Other income, net consists of: Three Months Ended March 31, 2016 2015 (In thousands) Gains on sale of a business and long-term investments (a) $ 14,700 $ 186 Foreign currency exchange gains 4,495 5,848 Interest income 1,646 1,231 Impairment on long-term investments (2,302 ) — Other (2,642 ) (277 ) Total $ 15,897 $ 6,988 _________________________________________ (a) Includes a gain of $13.5 million related to PriceRunner, which was sold on March 18, 2016. PriceRunner's full year 2015 revenue, Adjusted EBITDA and operating income were $32.3 million , $13.0 million and $9.7 million , respectively.

GUARANTOR AND NON-GUARANTOR F29

GUARANTOR AND NON-GUARANTOR FINANCIAL INFORMATION (Tables)	3 Months Ended
	Mar. 31, 2016
Guarantor and Nonguarantor Financial Statements [Abstract]
Schedule of condensed balance sheet	Balance sheet at March 31, 2016: IAC Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations IAC Consolidated (In thousands) Cash and cash equivalents $ 804,901 $ — $ 433,763 $ — $ 1,238,664 Time deposits — — 87,500 — 87,500 Marketable securities 94,694 — 11,622 — 106,316 Accounts receivable, net — 112,952 121,594 — 234,546 Other current assets 81,993 49,534 85,776 — 217,303 Intercompany receivables — 590,082 1,167,912 (1,757,994 ) — Property and equipment, net 5,668 199,202 100,093 — 304,963 Goodwill — 776,571 1,421,987 — 2,198,558 Intangible assets, net — 136,796 290,028 — 426,824 Investment in subsidiaries 3,661,162 570,325 — (4,231,487 ) — Other non-current assets 58,940 10,797 178,024 (10,092 ) 237,669 Total assets $ 4,707,358 $ 2,446,259 $ 3,898,299 $ (5,999,573 ) $ 5,052,343 Current portion of long-term debt $ 25,000 $ — $ 40,000 $ — $ 65,000 Accounts payable, trade 2,658 53,242 40,603 — 96,503 Other current liabilities 38,360 167,389 409,690 — 615,439 Long-term debt, net of current portion 492,975 — 1,167,897 — 1,660,872 Income taxes payable 447 3,931 29,497 — 33,875 Intercompany liabilities 1,757,994 — — (1,757,994 ) — Other long-term liabilities 324,486 18,863 92,754 (10,092 ) 426,011 Redeemable noncontrolling interests — — 28,132 — 28,132 IAC shareholders' equity 2,065,438 2,202,834 2,028,653 (4,231,487 ) 2,065,438 Noncontrolling interests — — 61,073 — 61,073 Total liabilities and shareholders' equity $ 4,707,358 $ 2,446,259 $ 3,898,299 $ (5,999,573 ) $ 5,052,343 Balance sheet at December 31, 2015: IAC Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations IAC Consolidated (In thousands) Cash and cash equivalents $ 1,073,053 $ — $ 408,394 $ — $ 1,481,447 Marketable securities 27,578 — 11,622 — 39,200 Accounts receivable, net 33 117,337 132,707 — 250,077 Other current assets 30,813 48,884 94,589 — 174,286 Intercompany receivables — 570,607 1,029,863 (1,600,470 ) — Property and equipment, net 4,432 201,242 97,143 — 302,817 Goodwill — 830,642 1,414,722 — 2,245,364 Intangible assets, net — 139,160 301,668 — 440,828 Investment in subsidiaries 3,128,765 457,063 — (3,585,828 ) — Other non-current assets 84,368 13,428 171,867 (14,991 ) 254,672 Total assets $ 4,349,042 $ 2,378,363 $ 3,662,575 $ (5,201,289 ) $ 5,188,691 Current portion of long-term debt $ — $ — $ 40,000 $ — $ 40,000 Accounts payable, trade 4,711 43,240 38,932 — 86,883 Other current liabilities 62,833 182,848 395,982 — 641,663 Long-term debt, net of current portion 550,083 — 1,176,871 — 1,726,954 Income taxes payable 152 3,435 30,105 — 33,692 Intercompany liabilities 1,600,470 — — (1,600,470 ) — Other long-term liabilities 326,267 18,160 83,847 (14,991 ) 413,283 Redeemable noncontrolling interests — — 30,391 — 30,391 IAC shareholders' equity 1,804,526 2,130,680 1,455,148 (3,585,828 ) 1,804,526 Noncontrolling interests — — 411,299 — 411,299 Total liabilities and shareholders' equity $ 4,349,042 $ 2,378,363 $ 3,662,575 $ (5,201,289 ) $ 5,188,691
Schedule of condensed income statement	Statement of operations for the three months ended March 31, 2016: IAC Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations IAC Consolidated (In thousands) Revenue $ — $ 402,952 $ 419,105 $ (2,878 ) $ 819,179 Operating costs and expenses: Cost of revenue (exclusive of depreciation shown separately below) 212 82,699 111,434 (611 ) 193,734 Selling and marketing expense 889 215,702 168,025 (2,275 ) 382,341 General and administrative expense 18,972 46,656 70,606 8 136,242 Product development expense 1,379 26,608 27,843 — 55,830 Depreciation 437 7,220 8,138 — 15,795 Amortization of intangibles — 2,364 11,456 — 13,820 Total operating costs and expenses 21,889 381,249 397,502 (2,878 ) 797,762 Operating (loss) income (21,889 ) 21,703 21,603 — 21,417 Equity in earnings of unconsolidated affiliates 34,463 7,091 — (41,554 ) — Interest expense (7,418 ) — (20,442 ) — (27,860 ) Other (expense) income, net (9,985 ) 3,632 22,250 — 15,897 (Loss) earnings from continuing operations before income taxes (4,829 ) 32,426 23,411 (41,554 ) 9,454 Income tax benefit (provision) 13,111 (9,975 ) (4,656 ) — (1,520 ) Earnings from continuing operations 8,282 22,451 18,755 (41,554 ) 7,934 Earnings from discontinued operations, net of tax — — — — — Net earnings 8,282 22,451 18,755 (41,554 ) 7,934 Net loss attributable to noncontrolling interests — — 348 — 348 Net earnings attributable to IAC shareholders $ 8,282 $ 22,451 $ 19,103 $ (41,554 ) $ 8,282 Comprehensive income attributable to IAC shareholders $ 28,290 $ 28,949 $ 34,826 $ (63,775 ) $ 28,290 Statement of operations for the three months ended March 31, 2015: IAC Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations IAC Consolidated (In thousands) Revenue $ — $ 429,961 $ 344,882 $ (2,331 ) $ 772,512 Operating costs and expenses: Cost of revenue (exclusive of depreciation shown separately below) 245 91,722 95,018 (248 ) 186,737 Selling and marketing expense 1,055 221,701 141,817 (2,091 ) 362,482 General and administrative expense 24,064 41,520 49,202 8 114,794 Product development expense 2,177 22,628 20,452 — 45,257 Depreciation 401 6,735 8,432 — 15,568 Amortization of intangibles — 4,604 7,951 — 12,555 Total operating costs and expenses 27,942 388,910 322,872 (2,331 ) 737,393 Operating (loss) income (27,942 ) 41,051 22,010 — 35,119 Equity in earnings (losses) of unconsolidated affiliates 57,455 (12,152 ) — (45,303 ) — Interest expense (12,990 ) (1,038 ) (36 ) — (14,064 ) Other (expense) income, net (9,352 ) 9,469 6,871 — 6,988 Earnings from continuing operations before income taxes 7,171 37,330 28,845 (45,303 ) 28,043 Income tax benefit (provision) 19,109 (19,764 ) (5,525 ) — (6,180 ) Earnings from continuing operations 26,280 17,566 23,320 (45,303 ) 21,863 Earnings from discontinued operations, net of tax 125 — — — 125 Net earnings 26,405 17,566 23,320 (45,303 ) 21,988 Net loss attributable to noncontrolling interests — — 4,417 — 4,417 Net earnings attributable to IAC shareholders $ 26,405 $ 17,566 $ 27,737 $ (45,303 ) $ 26,405 Comprehensive (loss) income attributable to IAC shareholders $ (29,168 ) $ 11,772 $ (28,998 ) $ 17,226 $ (29,168 )
Schedule of condensed cash flow statement	Statement of cash flows for the three months ended March 31, 2016: IAC Guarantor Subsidiaries Non-Guarantor Subsidiaries IAC Consolidated (In thousands) Net cash (used in) provided by operating activities attributable to continuing operations $ (59,129 ) $ 44,386 $ 38,840 $ 24,097 Cash flows from investing activities attributable to continuing operations: Acquisitions, net of cash acquired — — (2,252 ) (2,252 ) Capital expenditures (281 ) (7,482 ) (8,327 ) (16,090 ) Purchase of time deposits — — (87,500 ) (87,500 ) Purchases of marketable debt securities (66,891 ) — — (66,891 ) Purchases of long-term investments — — (813 ) (813 ) Net proceeds from the sale of a business and long-term investments 10,000 — 83,097 93,097 Other, net — 155 4,225 4,380 Net cash used in investing activities attributable to continuing operations (57,172 ) (7,327 ) (11,570 ) (76,069 ) Cash flows from financing activities attributable to continuing operations: Purchase of treasury stock (135,938 ) — — (135,938 ) Principal payment on long-term debt — — (10,000 ) (10,000 ) Repurchase of Senior Notes (32,912 ) — — (32,912 ) Issuance of IAC common stock pursuant to stock-based awards, net of withholding taxes (14,919 ) — — (14,919 ) Issuance of Match Group common stock pursuant to stock-based awards, net of withholding taxes — — (4,453 ) (4,453 ) Excess tax benefits from stock-based awards 11,220 — 4,044 15,264 Purchase of noncontrolling interests (1,400 ) — — (1,400 ) Acquisition-related contingent consideration payments — (312 ) — (312 ) Intercompany 27,098 (36,747 ) 9,649 — Other, net (5,000 ) — (856 ) (5,856 ) Net cash used in financing activities attributable to continuing operations (151,851 ) (37,059 ) (1,616 ) (190,526 ) Total cash (used in) provided by continuing operations (268,152 ) — 25,654 (242,498 ) Effect of exchange rate changes on cash and cash equivalents — — (285 ) (285 ) Net (decrease) increase in cash and cash equivalents (268,152 ) — 25,369 (242,783 ) Cash and cash equivalents at beginning of period 1,073,053 — 408,394 1,481,447 Cash and cash equivalents at end of period $ 804,901 $ — $ 433,763 $ 1,238,664 Statement of cash flows for the three months ended March 31, 2015: IAC Guarantor Subsidiaries Non-Guarantor Subsidiaries IAC Consolidated (In thousands) Net cash (used in) provided by operating activities attributable to continuing operations $ (41,099 ) $ 29,603 $ 7,686 $ (3,810 ) Cash flows from investing activities attributable to continuing operations: Acquisitions, net of cash acquired — (1,900 ) (3,809 ) (5,709 ) Capital expenditures (935 ) (5,815 ) (6,126 ) (12,876 ) Proceeds from maturities and sales of marketable debt securities 6,050 — — 6,050 Purchases of marketable debt securities (47,930 ) — — (47,930 ) Purchases of long-term investments — — (8,345 ) (8,345 ) Net proceeds from the sale of a business and long-term investments — — 115 115 Other, net 3,615 48 (935 ) 2,728 Net cash used in investing activities attributable to continuing operations (39,200 ) (7,667 ) (19,100 ) (65,967 ) Cash flows from financing activities attributable to continuing operations: Purchase of treasury stock (200,000 ) — — (200,000 ) Dividends (28,675 ) — — (28,675 ) Issuance of IAC common stock pursuant to stock-based awards, net of withholding taxes (10,339 ) — — (10,339 ) Excess tax benefits from stock-based awards 4,011 — 12,835 16,846 Purchase of noncontrolling interests — — (15,338 ) (15,338 ) Acquisition-related contingent consideration payments — (180 ) — (180 ) Intercompany 17,955 (21,756 ) 3,801 — Other, net — — 110 110 Net cash (used in) provided by financing activities attributable to continuing operations (217,048 ) (21,936 ) 1,408 (237,576 ) Total cash used in continuing operations (297,347 ) — (10,006 ) (307,353 ) Effect of exchange rate changes on cash and cash equivalents — — (11,455 ) (11,455 ) Net decrease in cash and cash equivalents (297,347 ) — (21,461 ) (318,808 ) Cash and cash equivalents at beginning of period 762,231 — 228,174 990,405 Cash and cash equivalents at end of period $ 464,884 $ — $ 206,713 $ 671,597

THE COMPANY AND SUMMARY OF SI30

THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Revenue from major customers
Revenue	$ 819,179	$ 772,512
Accounts receivable, net	234,546		$ 250,077
Accounting Standards Update 2015-03 | Other non-current assets
Revenue from major customers
Increase (decrease) in debt issuance costs from reclassification			(21,300)
Accounting Standards Update 2015-03 | Long-term debt
Revenue from major customers
Increase (decrease) in debt issuance costs from reclassification			21,300
Operating segments | Publishing
Revenue from major customers
Revenue	166,002	179,025
Operating segments | Applications
Revenue from major customers
Revenue	159,796	197,467
Google Inc.
Revenue from major customers
Revenue	284,600	$ 339,600
Accounts receivable, net	$ 89,700		$ 97,200
Google Inc. | Revenue | Operating segments | Customer concentration risk | Publishing
Revenue from major customers
Percentage of concentration risk	83.00%	84.00%
Google Inc. | Revenue | Operating segments | Customer concentration risk | Applications
Revenue from major customers
Percentage of concentration risk	91.00%	95.00%

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Income tax provision	$ 1,520	$ 6,180
Effective tax rate (as a percent)	16.00%	22.00%
Federal statutory rate (as a percent)	35.00%	35.00%
Accrued interest on unrecognized tax benefits	$ 2,700		$ 2,500
Accrued penalties on unrecognized tax benefits	1,900		2,200
Total unrecognized tax benefits including interest	43,200		43,400
Unrecognized tax benefit, if recognized would reduce income tax expense for continuing operations	41,000		$ 41,000
Decrease in unrecognized tax benefit	10,300
Change in unrecognized tax benefit which would reduce the income tax provision for continuing operations	$ 9,900

MARKETABLE SECURITIES - SCHEDUL

MARKETABLE SECURITIES - SCHEDULE OF CURRENT AVAILABLE-FOR-SALE MARKETABLE SECURITIES (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	$ 103,330	$ 36,424
Gross Unrealized Gains	3,042	2,963
Gross Unrealized Losses	(56)	(187)
Fair Value	106,316	39,200
Corporate debt securities
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	29,759	27,765
Gross Unrealized Gains	50	0
Gross Unrealized Losses	(56)	(187)
Fair Value	29,753	27,578
Treasury discount notes
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	64,912
Gross Unrealized Gains	29
Gross Unrealized Losses	0
Fair Value	64,941
Total debt securities
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	94,671
Gross Unrealized Gains	79
Gross Unrealized Losses	(56)
Fair Value	94,694
Equity security
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	8,659	8,659
Gross Unrealized Gains	2,963	2,963
Gross Unrealized Losses	0	0
Fair Value	$ 11,622	$ 11,622

MARKETABLE SECURITIES - SCHED33

MARKETABLE SECURITIES - SCHEDULE OF CONTRACTUAL MATURITIES OF DEBT SECURITIES CLASSIFIED AS CURRENT AVAILABLE-FOR-SALE (Details 2) $ in Thousands	Mar. 31, 2016USD ($)
Amortized Cost
Due in one year or less	$ 80,998
Due after one year through five years	13,673
Total	94,671
Fair Value
Due in one year or less	81,008
Due after one year through five years	13,686
Total	$ 94,694

MARKETABLE SECURITIES - SCHED34

MARKETABLE SECURITIES - SCHEDULE OF PROCEEDS FROM MATURITIES AND SALES OF CURRENT AVAILABLE-FOR-SALE-MARKETABLE SECURITIES (Details 3) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Marketable Securities [Abstract]
Proceeds from maturities and sales of available-for-sale marketable securities	$ 10,000,000	$ 6,050,000
Gross realized gains on available-for-sale securities	0	0
Gross realized losses on available-for-sale securities	$ 0	$ 0

FAIR VALUE MEASUREMENTS AND F35

FAIR VALUE MEASUREMENTS AND FINANCIAL INSTRUMENTS - SCHEDULE OF ASSETS AND LIABILITIES MEASURED AT FAIR VALUE ON A RECURRING BASIS (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Assets:
Marketable securities	$ 106,316	$ 39,200
Fair value on a recurring basis
Assets:
Time deposits, with original maturities of greater than 90 days	$ 87,500
Maturity of time deposits (greater than)	90 days
Total Assets	$ 1,001,997	1,080,096
Liabilities:
Contingent consideration arrangements	(37,243)	(33,873)
Fair value on a recurring basis | Money market funds
Assets:
Cash equivalents:	524,135	601,848
Fair value on a recurring basis | Time deposits
Assets:
Cash equivalents:	75,004	125,038
Fair value on a recurring basis | Treasury discount notes
Assets:
Cash equivalents:	87,493
Marketable securities	64,941
Fair value on a recurring basis | Commercial paper
Assets:
Cash equivalents:	115,039	302,418
Fair value on a recurring basis | Corporate debt securities
Assets:
Marketable securities	29,753	27,578
Fair value on a recurring basis | Equity security
Assets:
Marketable securities	11,622	11,622
Long-term investments:	6,510	7,542
Fair value on a recurring basis | Auction rate security
Assets:
Long-term investments:		4,050
Fair value on a recurring basis | Quoted Market Prices in Active Markets for Identical Assets (Level 1)
Assets:
Time deposits, with original maturities of greater than 90 days	0
Total Assets	694,701	621,012
Liabilities:
Contingent consideration arrangements	0	0
Fair value on a recurring basis | Quoted Market Prices in Active Markets for Identical Assets (Level 1) | Money market funds
Assets:
Cash equivalents:	524,135	601,848
Fair value on a recurring basis | Quoted Market Prices in Active Markets for Identical Assets (Level 1) | Time deposits
Assets:
Cash equivalents:	0	0
Fair value on a recurring basis | Quoted Market Prices in Active Markets for Identical Assets (Level 1) | Treasury discount notes
Assets:
Cash equivalents:	87,493
Marketable securities	64,941
Fair value on a recurring basis | Quoted Market Prices in Active Markets for Identical Assets (Level 1) | Commercial paper
Assets:
Cash equivalents:	0	0
Fair value on a recurring basis | Quoted Market Prices in Active Markets for Identical Assets (Level 1) | Corporate debt securities
Assets:
Marketable securities	0	0
Fair value on a recurring basis | Quoted Market Prices in Active Markets for Identical Assets (Level 1) | Equity security
Assets:
Marketable securities	11,622	11,622
Long-term investments:	6,510	7,542
Fair value on a recurring basis | Quoted Market Prices in Active Markets for Identical Assets (Level 1) | Auction rate security
Assets:
Long-term investments:		0
Fair value on a recurring basis | Significant Other Observable Inputs (Level 2)
Assets:
Time deposits, with original maturities of greater than 90 days	87,500
Total Assets	307,296	455,034
Liabilities:
Contingent consideration arrangements	0	0
Fair value on a recurring basis | Significant Other Observable Inputs (Level 2) | Money market funds
Assets:
Cash equivalents:	0	0
Fair value on a recurring basis | Significant Other Observable Inputs (Level 2) | Time deposits
Assets:
Cash equivalents:	75,004	125,038
Fair value on a recurring basis | Significant Other Observable Inputs (Level 2) | Treasury discount notes
Assets:
Cash equivalents:	0
Marketable securities	0
Fair value on a recurring basis | Significant Other Observable Inputs (Level 2) | Commercial paper
Assets:
Cash equivalents:	115,039	302,418
Fair value on a recurring basis | Significant Other Observable Inputs (Level 2) | Corporate debt securities
Assets:
Marketable securities	29,753	27,578
Fair value on a recurring basis | Significant Other Observable Inputs (Level 2) | Equity security
Assets:
Marketable securities	0	0
Long-term investments:	0	0
Fair value on a recurring basis | Significant Other Observable Inputs (Level 2) | Auction rate security
Assets:
Long-term investments:		0
Fair value on a recurring basis | Significant Unobservable Inputs (Level 3)
Assets:
Time deposits, with original maturities of greater than 90 days	0
Total Assets	0	4,050
Liabilities:
Contingent consideration arrangements	(37,243)	(33,873)
Fair value on a recurring basis | Significant Unobservable Inputs (Level 3) | Money market funds
Assets:
Cash equivalents:	0	0
Fair value on a recurring basis | Significant Unobservable Inputs (Level 3) | Time deposits
Assets:
Cash equivalents:	0	0
Fair value on a recurring basis | Significant Unobservable Inputs (Level 3) | Treasury discount notes
Assets:
Cash equivalents:	0
Marketable securities	0
Fair value on a recurring basis | Significant Unobservable Inputs (Level 3) | Commercial paper
Assets:
Cash equivalents:	0	0
Fair value on a recurring basis | Significant Unobservable Inputs (Level 3) | Corporate debt securities
Assets:
Marketable securities	0	0
Fair value on a recurring basis | Significant Unobservable Inputs (Level 3) | Equity security
Assets:
Marketable securities	0	0
Long-term investments:	$ 0	0
Fair value on a recurring basis | Significant Unobservable Inputs (Level 3) | Auction rate security
Assets:
Long-term investments:		$ 4,050

FAIR VALUE MEASUREMENTS AND F36

FAIR VALUE MEASUREMENTS AND FINANCIAL INSTRUMENTS - SCHEDULE OF CHANGES IN LEVEL 3 ASSETS AND LIABILITIES MEASURED AT FAIR VALUE ON A RECURRING BASIS (Details 1) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Contingent Consideration Arrangements
Contingent Consideration Arrangements
Balance at beginning of period	$ (33,873)	$ (30,140)
Fair value adjustments	(3,669)	6,996
Foreign currency exchange gains	0	630
Included in other comprehensive income (loss)	(1,906)	1,733
Fair value at date of acquisition	1,893	(363)
Settlements	312	180
Proceeds from sale	0	0
Balance at end of period	(37,243)	(20,964)
Auction rate security
Auction Rate Security
Balance at beginning of period	4,050	6,070
Fair value adjustments	0	0
Foreign currency exchange gains	0	0
Included in other comprehensive income (loss)	5,950	120
Fair value at date of acquisition	0	0
Settlements	0	0
Proceeds from sale	(10,000)	0
Balance at end of period	$ 0	$ 6,190

FAIR VALUE MEASUREMENTS AND F37

FAIR VALUE MEASUREMENTS AND FINANCIAL INSTRUMENTS (Details 2) € in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2016USD ($)arrangement	Mar. 31, 2016EUR (€)arrangement	Dec. 31, 2015USD ($)	Oct. 01, 2015USD ($)
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	$ 147.8
Contingent consideration, fair value at balance sheet date with a maximum limit	$ 37.1
Number of contingent consideration arrangements without payment limit | arrangement	1	1
Contingent consideration, fair value at balance sheet date without a limit	$ 0.1
Contingent consideration, at fair value, current	5.1		$ 2.6
Contingent consideration, at fair value, noncurrent	32.2		31.2
Assets measured at fair value on a nonrecurring basis
Percentage of fair value in excess of carrying value				20.00%
Cost method investments	112.3		114.5
Equity security
Marketable Securities, Equity Securities [Abstract]
Cost basis	5		5
Gross unrealized gain	$ 1.5		2.6
Publishing
Assets measured at fair value on a nonrecurring basis
Amount of carrying value in excess of fair value, hypothetical 10% decrease in estimated fair value				$ 20
Amount of carrying value in excess of fair value, hypothetical 20% decrease in estimated fair value				60
ShoeBuy
Assets measured at fair value on a nonrecurring basis
Amount of carrying value in excess of fair value, hypothetical 10% decrease in estimated fair value				1
Amount of carrying value in excess of fair value, hypothetical 20% decrease in estimated fair value				$ 5
Contingent Consideration Arrangements | Minimum
Contingent Consideration Arrangements
Contingent consideration, discount rates	12.00%
Contingent Consideration Arrangements | Maximum
Contingent Consideration Arrangements
Contingent consideration, discount rates	25.00%
Twoo
Contingent Consideration Arrangements
Contingent consideration, payments maximum	$ 81.4	€ 72.9	$ 79.9

FAIR VALUE MEASUREMENTS AND F38

FAIR VALUE MEASUREMENTS AND FINANCIAL INSTRUMENTS - CARRYING VALUE AND FAIR VALUE OF FINANCIAL INSTRUMENTS (Details 3) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Current portion of long-term debt | Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, fair value	$ (65,000)	$ (40,000)
Current portion of long-term debt | Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, fair value	(65,813)	(39,850)
Long-term debt, net of current portion | Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, fair value	(1,660,872)	(1,726,954)
Long-term debt, net of current portion | Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, fair value	$ (1,710,122)	$ (1,761,601)

LONG-TERM DEBT - SCHEDULE OF LO

LONG-TERM DEBT - SCHEDULE OF LONG-TERM DEBT (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Less: Current portion of long-term debt	$ 65,000	$ 40,000
Total long-term debt, net of current portion	$ 1,660,872	$ 1,726,954
Senior Notes | 6.75% Senior Notes due December 15, 2022 (the Match Group Senior Notes); interest payable each June 15 and December 15 which commences June 15, 2016
Debt Instrument [Line Items]
Stated interest rate	6.75%	6.75%
Senior Notes | 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
Debt Instrument [Line Items]
Stated interest rate	4.75%	4.75%
Senior Notes | 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
Debt Instrument [Line Items]
Stated interest rate	4.875%	4.875%
Match Group
Debt Instrument [Line Items]
Long-term debt	$ 1,235,172	$ 1,245,172
Less: Current portion of long-term debt	40,000	40,000
Less: Unamortized original issue discount and original issue premium, net	11,266	11,691
Less: Unamortized debt issuance costs	16,009	16,610
Total long-term debt, net of current portion	1,167,897	1,176,871
Match Group | Term Loan | Match Group Term Loan due November 16, 2022
Debt Instrument [Line Items]
Long-term debt	790,000	800,000
Match Group | Senior Notes | 6.75% Senior Notes due December 15, 2022 (the Match Group Senior Notes); interest payable each June 15 and December 15 which commences June 15, 2016
Debt Instrument [Line Items]
Long-term debt	445,172	445,172
IAC
Debt Instrument [Line Items]
Long-term debt	521,820	554,732
Less: Current portion of long-term debt	25,000	0
Less: Unamortized debt issuance costs	3,845	4,649
Total long-term debt, net of current portion	492,975	550,083
IAC | Senior Notes | 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
Debt Instrument [Line Items]
Long-term debt	470,003	500,000
IAC | Senior Notes | 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
Debt Instrument [Line Items]
Long-term debt	$ 51,817	$ 54,732

LONG-TERM DEBT (Details)

LONG-TERM DEBT (Details)	Nov. 16, 2015USD ($)	Mar. 31, 2016USD ($)	Dec. 31, 2015USD ($)
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 | Maximum | Senior Notes
Debt Instrument [Line Items]
Maximum leverage ratio		3
IAC Credit Facility | Revolving Credit Facility
Debt Instrument [Line Items]
Line of credit, maximum borrowing capacity		$ 300,000,000
Line of credit, amount outstanding		$ 0	$ 0
Annual commitment fee on undrawn funds, basis points		0.35%
IAC Credit Facility | Maximum | Revolving Credit Facility
Debt Instrument [Line Items]
Maximum leverage ratio		3.25
6.75% Senior Notes due December 15, 2022 (the Match Group Senior Notes); interest payable each June 15 and December 15 which commences June 15, 2016 | Maximum | Senior Notes
Debt Instrument [Line Items]
Maximum leverage ratio		5
Match Group Credit Agreement | Revolving Credit Facility | Match Group, Inc.
Debt Instrument [Line Items]
Line of credit, maximum borrowing capacity			500,000,000
Line of credit, amount outstanding		$ 0	$ 0
Annual commitment fee on undrawn funds, basis points		0.35%
Match Group Credit Agreement | Maximum | Revolving Credit Facility | Match Group, Inc.
Debt Instrument [Line Items]
Maximum leverage ratio		5
Match Group Credit Agreement | Minimum | Revolving Credit Facility | Match Group, Inc.
Debt Instrument [Line Items]
Minimum interest coverage ratio		2.5
Match Group Term Loan due November 16, 2022 | Term Loan | Revolving Credit Facility | Match Group, Inc.
Debt Instrument [Line Items]
Term loan, amount received	$ 800,000,000
Debt maturity term (in years)	7 years
Quarterly principal payments	$ 10,000,000
Final principal payment	$ 530,000,000
Match Group Term Loan due November 16, 2022 | Term Loan | Revolving Credit Facility | Match Group, Inc. | Base Rate
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)	3.50%
Match Group Term Loan due November 16, 2022 | Term Loan | Revolving Credit Facility | Match Group, Inc. | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)	4.50%
Variable rate floor (as a percent)	1.00%

ACCUMULATED OTHER COMPREHENSI41

ACCUMULATED OTHER COMPREHENSIVE LOSS (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	$ 2,215,825
Total other comprehensive income (loss), net of tax	21,182	$ (55,980)
Tax provision (benefit) of other comprehensive loss before reclassifications related to unrealized gains (losses) on available-for-sale securities	(300)	100
Ending balance	2,126,511
Foreign Currency Translation Adjustment
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(154,645)	(86,848)
Other comprehensive income (loss) before reclassifications, net of tax benefit (provision) related to unrealized gains (losses) on available-for-sale securities	7,182	(56,334)
Amounts reclassified to earnings	7,389
Total other comprehensive income (loss), net of tax	14,571
Reallocation of accumulated other comprehensive loss (income) related to the noncontrolling interests created in the Match Group initial public offering	21,589
Ending balance	(118,485)	(143,182)
Unrealized Gains On Available-For-Sale Securities
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	2,542	(852)
Other comprehensive income (loss) before reclassifications, net of tax benefit (provision) related to unrealized gains (losses) on available-for-sale securities	5,437	761
Amounts reclassified to earnings	0
Total other comprehensive income (loss), net of tax	5,437
Reallocation of accumulated other comprehensive loss (income) related to the noncontrolling interests created in the Match Group initial public offering	(458)
Ending balance	7,521	(91)
Accumulated Other Comprehensive (Loss) Income
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(152,103)	(87,700)
Other comprehensive income (loss) before reclassifications, net of tax benefit (provision) related to unrealized gains (losses) on available-for-sale securities	12,619	(55,573)
Amounts reclassified to earnings	7,389
Total other comprehensive income (loss), net of tax	20,008
Reallocation of accumulated other comprehensive loss (income) related to the noncontrolling interests created in the Match Group initial public offering	21,131
Ending balance	$ (110,964)	$ (143,273)

EARNINGS PER SHARE - COMPUTATIO

EARNINGS PER SHARE - COMPUTATION OF BASIC AND DILUTED EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Numerator: Basic
Earnings from continuing operations	$ 7,934	$ 21,863
Net loss attributable to noncontrolling interests	348	4,417
Earnings from continuing operations attributable to IAC shareholders	8,282	26,280
Earnings from discontinued operations attributable to IAC shareholders	0	125
Net earnings attributable to IAC shareholders	8,282	26,405
Numerator: Diluted
Earnings from continuing operations	7,934	21,863
Net loss attributable to noncontrolling interests	348	4,417
Impact from Match Group's dilutive securities	(514)	0
Earnings from continuing operations attributable to IAC shareholders	7,768	26,280
Earnings from discontinued operations attributable to IAC shareholders	0	125
Net earnings attributable to IAC shareholders	$ 7,768	$ 26,405
Denominator: Basic
Weighted average basic shares outstanding (in shares)	82,027	83,453
Denominator: Diluted
Weighted average basic shares outstanding (in shares)	82,027	83,453
Dilutive securities including subsidiary denominated equity, stock options and RSUs (in shares)	2,798	5,305
Denominator for earnings per share-weighted average shares (in shares)	84,825	88,758
Earnings (loss) per share attributable to IAC shareholders: Basic
Earnings per share from continuing operations (in dollars per share)	$ 0.10	$ 0.31
Discontinued operations (in dollars per share)	0	0.01
Earnings per share (in dollars per share)	0.10	0.32
Earnings (loss) per share attributable to IAC shareholders: Diluted
Earnings per share from continuing operations (in dollars per share)	0.09	0.30
Discontinued operations (in dollars per share)	0	0
Earnings per share (in dollars per share)	$ 0.09	$ 0.30

EARNINGS PER SHARE (Details 2)

EARNINGS PER SHARE (Details 2) - shares shares in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
RSUs
Anti-dilutive weighted average common shares
Potentially dilutive securities excluded from calculation of diluted earnings per share (in shares)	4.1	2

SEGMENT INFORMATION (Details)

SEGMENT INFORMATION (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Segment Reporting Information [Line Items]
Revenue	$ 819,179	$ 772,512
Operating income (loss)	21,417	35,119
Adjusted EBITDA	85,886	75,157
Operating segments | Match Group
Segment Reporting Information [Line Items]
Revenue	285,283	235,069
Operating income (loss)	29,188	27,040
Adjusted EBITDA	64,586	33,250
Operating segments | HomeAdvisor
Segment Reporting Information [Line Items]
Revenue	111,489	75,844
Operating income (loss)	1,914	(3,997)
Adjusted EBITDA	4,966	(836)
Operating segments | Publishing
Segment Reporting Information [Line Items]
Revenue	166,002	179,025
Operating income (loss)	6,776	19,376
Adjusted EBITDA	11,414	26,653
Operating segments | Applications
Segment Reporting Information [Line Items]
Revenue	159,796	197,467
Operating income (loss)	27,678	38,906
Adjusted EBITDA	31,058	45,549
Operating segments | Video
Segment Reporting Information [Line Items]
Revenue	55,095	46,472
Operating income (loss)	(17,485)	(20,469)
Adjusted EBITDA	(16,901)	(19,706)
Operating segments | Other
Segment Reporting Information [Line Items]
Revenue	41,632	38,853
Operating income (loss)	(102)	(541)
Adjusted EBITDA	1,059	722
Inter-segment eliminations
Segment Reporting Information [Line Items]
Revenue	(118)	(218)
Corporate
Segment Reporting Information [Line Items]
Operating income (loss)	(26,552)	(25,196)
Adjusted EBITDA	$ (10,296)	$ (10,475)

SEGMENT INFORMATION - SCHEDULE

SEGMENT INFORMATION - SCHEDULE OF GEOGRAPHIC INFORMATION ABOUT REVENUE AND LONG-LIVED ASSETS (Details 2) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Revenue and long-lived assets by geography
Revenue	$ 819,179	$ 772,512
Property and equipment, net	304,963		$ 302,817
Reportable Geographical Components | United States
Revenue and long-lived assets by geography
Revenue	604,491	570,013
Property and equipment, net	281,882		279,913
Reportable Geographical Components | All Other Countries
Revenue and long-lived assets by geography
Revenue	214,688	$ 202,499
Property and equipment, net	$ 23,081		$ 22,904

SEGMENT INFORMATION - SCHEDUL46

SEGMENT INFORMATION - SCHEDULE OF RECONCILIATION OF ADJUSTED EBITDA TO OPERATING INCOME (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Segment Reporting, Other Significant Reconciling Item [Line Items]
Adjusted EBITDA	$ 85,886	$ 75,157
Stock-Based Compensation Expense	(31,185)	(18,911)
Depreciation	(15,795)	(15,568)
Amortization of Intangibles	(13,820)	(12,555)
Acquisition-related Contingent Consideration Fair Value Adjustments	(3,669)	6,996
Operating income	21,417	35,119
Interest expense	(27,860)	(14,064)
Other income, net	15,897	6,988
Earnings from continuing operations before income taxes	9,454	28,043
Income tax provision	(1,520)	(6,180)
Earnings from continuing operations	7,934	21,863
Earnings from discontinued operations, net of tax	0	125
Net earnings	7,934	21,988
Net loss attributable to noncontrolling interests	348	4,417
Net earnings attributable to IAC shareholders	8,282	26,405
Operating segments | Match Group
Segment Reporting, Other Significant Reconciling Item [Line Items]
Adjusted EBITDA	64,586	33,250
Stock-Based Compensation Expense	(17,498)	(6,299)
Depreciation	(6,487)	(7,045)
Amortization of Intangibles	(8,252)	(3,877)
Acquisition-related Contingent Consideration Fair Value Adjustments	(3,161)	11,011
Operating income	29,188	27,040
Operating segments | HomeAdvisor
Segment Reporting, Other Significant Reconciling Item [Line Items]
Adjusted EBITDA	4,966	(836)
Stock-Based Compensation Expense	(407)	(420)
Depreciation	(1,873)	(1,551)
Amortization of Intangibles	(772)	(1,190)
Acquisition-related Contingent Consideration Fair Value Adjustments	0	0
Operating income	1,914	(3,997)
Operating segments | Publishing
Segment Reporting, Other Significant Reconciling Item [Line Items]
Adjusted EBITDA	11,414	26,653
Stock-Based Compensation Expense	0	0
Depreciation	(2,189)	(2,507)
Amortization of Intangibles	(2,449)	(4,770)
Acquisition-related Contingent Consideration Fair Value Adjustments	0	0
Operating income	6,776	19,376
Operating segments | Applications
Segment Reporting, Other Significant Reconciling Item [Line Items]
Adjusted EBITDA	31,058	45,549
Stock-Based Compensation Expense	0	0
Depreciation	(1,149)	(1,042)
Amortization of Intangibles	(1,531)	(1,581)
Acquisition-related Contingent Consideration Fair Value Adjustments	(700)	(4,020)
Operating income	27,678	38,906
Operating segments | Video
Segment Reporting, Other Significant Reconciling Item [Line Items]
Adjusted EBITDA	(16,901)	(19,706)
Stock-Based Compensation Expense	0	(147)
Depreciation	(398)	(198)
Amortization of Intangibles	(378)	(423)
Acquisition-related Contingent Consideration Fair Value Adjustments	192	5
Operating income	(17,485)	(20,469)
Operating segments | Other
Segment Reporting, Other Significant Reconciling Item [Line Items]
Adjusted EBITDA	1,059	722
Stock-Based Compensation Expense	0	0
Depreciation	(723)	(549)
Amortization of Intangibles	(438)	(714)
Acquisition-related Contingent Consideration Fair Value Adjustments	0	0
Operating income	(102)	(541)
Corporate
Segment Reporting, Other Significant Reconciling Item [Line Items]
Adjusted EBITDA	(10,296)	(10,475)
Stock-Based Compensation Expense	(13,280)	(12,045)
Depreciation	(2,976)	(2,676)
Amortization of Intangibles	0	0
Acquisition-related Contingent Consideration Fair Value Adjustments	0	0
Operating income	$ (26,552)	$ (25,196)

CONSOLIDATED FINANCIAL STATEM47

CONSOLIDATED FINANCIAL STATEMENT DETAILS (Details) - USD ($) $ in Thousands	Mar. 18, 2016	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain on sale of a business and long-term investments		$ 14,700	$ 186
Foreign currency exchange gains		4,495	5,848
Interest income		1,646	1,231
Impairment on long-term investments		(2,302)	0
Other		(2,642)	(277)
Total		$ 15,897	$ 6,988
Disposal Group, Disposed of by Sale, Not Discontinued Operations | PriceRunner
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain on sale of a business and long-term investments	$ 13,500
Disposal group, revenue				$ 32,300
Disposal group, adjusted EBITDA				13,000
Disposal group, operating income				$ 9,700

CONTINGENCIES (Details)

CONTINGENCIES (Details)	3 Months Ended
	Mar. 31, 2016lawsuit
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 F49

GUARANTOR AND NON-GUARANTOR FINANCIAL INFORMATION - BALANCE SHEET (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015	Dec. 31, 2014
ASSETS
Cash and cash equivalents	$ 1,238,664	$ 1,481,447	$ 671,597	$ 990,405
Time deposits	87,500	0
Marketable securities	106,316	39,200
Accounts receivable, net	234,546	250,077
Other current assets	217,303	174,286
Property and equipment, net	304,963	302,817
Goodwill	2,198,558	2,245,364
Intangible assets, net	426,824	440,828
TOTAL ASSETS	5,052,343	5,188,691
LIABILITIES AND SHAREHOLDERS' EQUITY
Current portion of long-term debt	65,000	40,000
Accounts payable, trade	96,503	86,883
Long-term debt, net of current portion	1,660,872	1,726,954
Income taxes payable	33,875	33,692
Redeemable noncontrolling interests	28,132	30,391
IAC shareholders' equity	2,065,438	1,804,526
Noncontrolling interests	61,073	411,299
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	5,052,343	5,188,691
Eliminations
ASSETS
Cash and cash equivalents	0	0
Time deposits	0
Marketable securities	0	0
Accounts receivable, net	0	0
Other current assets	0	0
Intercompany receivables	(1,757,994)	(1,600,470)
Property and equipment, net	0	0
Goodwill	0	0
Intangible assets, net	0	0
Investment in subsidiaries	(4,231,487)	(3,585,828)
Other non-current assets	(10,092)	(14,991)
TOTAL ASSETS	(5,999,573)	(5,201,289)
LIABILITIES AND SHAREHOLDERS' EQUITY
Current portion of long-term debt	0	0
Accounts payable, trade	0	0
Other current liabilities	0	0
Long-term debt, net of current portion	0	0
Income taxes payable	0	0
Intercompany liabilities	(1,757,994)	(1,600,470)
Other long-term liabilities	(10,092)	(14,991)
Redeemable noncontrolling interests	0	0
IAC shareholders' equity	(4,231,487)	(3,585,828)
Noncontrolling interests	0	0
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	(5,999,573)	(5,201,289)
IAC
ASSETS
Cash and cash equivalents	804,901	1,073,053	464,884	762,231
Time deposits	0
Marketable securities	94,694	27,578
Accounts receivable, net	0	33
Other current assets	81,993	30,813
Intercompany receivables	0	0
Property and equipment, net	5,668	4,432
Goodwill	0	0
Intangible assets, net	0	0
Investment in subsidiaries	3,661,162	3,128,765
Other non-current assets	58,940	84,368
TOTAL ASSETS	4,707,358	4,349,042
LIABILITIES AND SHAREHOLDERS' EQUITY
Current portion of long-term debt	25,000	0
Accounts payable, trade	2,658	4,711
Other current liabilities	38,360	62,833
Long-term debt, net of current portion	492,975	550,083
Income taxes payable	447	152
Intercompany liabilities	1,757,994	1,600,470
Other long-term liabilities	324,486	326,267
Redeemable noncontrolling interests	0	0
IAC shareholders' equity	2,065,438	1,804,526
Noncontrolling interests	0	0
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	4,707,358	4,349,042
Guarantor Subsidiaries
ASSETS
Cash and cash equivalents	0	0	0	0
Time deposits	0
Marketable securities	0	0
Accounts receivable, net	112,952	117,337
Other current assets	49,534	48,884
Intercompany receivables	590,082	570,607
Property and equipment, net	199,202	201,242
Goodwill	776,571	830,642
Intangible assets, net	136,796	139,160
Investment in subsidiaries	570,325	457,063
Other non-current assets	10,797	13,428
TOTAL ASSETS	2,446,259	2,378,363
LIABILITIES AND SHAREHOLDERS' EQUITY
Current portion of long-term debt	0	0
Accounts payable, trade	53,242	43,240
Other current liabilities	167,389	182,848
Long-term debt, net of current portion	0	0
Income taxes payable	3,931	3,435
Intercompany liabilities	0	0
Other long-term liabilities	18,863	18,160
Redeemable noncontrolling interests	0	0
IAC shareholders' equity	2,202,834	2,130,680
Noncontrolling interests	0	0
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	2,446,259	2,378,363
Non-Guarantor Subsidiaries
ASSETS
Cash and cash equivalents	433,763	408,394	206,713	228,174
Time deposits	87,500
Marketable securities	11,622	11,622
Accounts receivable, net	121,594	132,707
Other current assets	85,776	94,589
Intercompany receivables	1,167,912	1,029,863
Property and equipment, net	100,093	97,143
Goodwill	1,421,987	1,414,722
Intangible assets, net	290,028	301,668
Investment in subsidiaries	0	0
Other non-current assets	178,024	171,867
TOTAL ASSETS	3,898,299	3,662,575
LIABILITIES AND SHAREHOLDERS' EQUITY
Current portion of long-term debt	40,000	40,000
Accounts payable, trade	40,603	38,932
Other current liabilities	409,690	395,982
Long-term debt, net of current portion	1,167,897	1,176,871
Income taxes payable	29,497	30,105
Intercompany liabilities	0	0
Other long-term liabilities	92,754	83,847
Redeemable noncontrolling interests	28,132	30,391
IAC shareholders' equity	2,028,653	1,455,148
Noncontrolling interests	61,073	411,299
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	3,898,299	3,662,575
IAC Consolidated
ASSETS
Cash and cash equivalents	1,238,664	1,481,447	$ 671,597	$ 990,405
Time deposits	87,500
Marketable securities	106,316	39,200
Accounts receivable, net	234,546	250,077
Other current assets	217,303	174,286
Intercompany receivables	0	0
Property and equipment, net	304,963	302,817
Goodwill	2,198,558	2,245,364
Intangible assets, net	426,824	440,828
Investment in subsidiaries	0	0
Other non-current assets	237,669	254,672
TOTAL ASSETS	5,052,343	5,188,691
LIABILITIES AND SHAREHOLDERS' EQUITY
Current portion of long-term debt	65,000	40,000
Accounts payable, trade	96,503	86,883
Other current liabilities	615,439	641,663
Long-term debt, net of current portion	1,660,872	1,726,954
Income taxes payable	33,875	33,692
Intercompany liabilities	0	0
Other long-term liabilities	426,011	413,283
Redeemable noncontrolling interests	28,132	30,391
IAC shareholders' equity	2,065,438	1,804,526
Noncontrolling interests	61,073	411,299
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 5,052,343	$ 5,188,691

GUARANTOR AND NON-GUARANTOR F50

GUARANTOR AND NON-GUARANTOR FINANCIAL INFORMATION - STATEMENT OF OPERATIONS (Details2) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Condensed Financial Statements, Captions [Line Items]
Revenue	$ 819,179	$ 772,512
Operating costs and expenses:
Cost of revenue (exclusive of depreciation shown separately below)	193,734	186,737
Selling and marketing expense	382,341	362,482
General and administrative expense	136,242	114,794
Product development expense	55,830	45,257
Depreciation	15,795	15,568
Amortization of intangibles	13,820	12,555
Total operating costs and expenses	797,762	737,393
Operating income	21,417	35,119
Equity in earnings (losses) of unconsolidated affiliates	(404)	(283)
Interest expense	(27,860)	(14,064)
Other (expense) income, net	15,897	6,988
Earnings from continuing operations before income taxes	9,454	28,043
Income tax benefit (provision)	(1,520)	(6,180)
Earnings from continuing operations	7,934	21,863
Earnings from discontinued operations, net of tax	0	125
Net earnings	7,934	21,988
Net loss attributable to noncontrolling interests	348	4,417
Net earnings attributable to IAC shareholders	8,282	26,405
Comprehensive (loss) income attributable to IAC shareholders	28,290	(29,168)
Eliminations
Condensed Financial Statements, Captions [Line Items]
Revenue	(2,878)	(2,331)
Operating costs and expenses:
Cost of revenue (exclusive of depreciation shown separately below)	(611)	(248)
Selling and marketing expense	(2,275)	(2,091)
General and administrative expense	8	8
Product development expense	0	0
Depreciation	0	0
Amortization of intangibles	0	0
Total operating costs and expenses	(2,878)	(2,331)
Operating income	0	0
Equity in earnings (losses) of unconsolidated affiliates	(41,554)	(45,303)
Interest expense	0	0
Other (expense) income, net	0	0
Earnings from continuing operations before income taxes	(41,554)	(45,303)
Income tax benefit (provision)	0	0
Earnings from continuing operations	(41,554)	(45,303)
Earnings from discontinued operations, net of tax	0	0
Net earnings	(41,554)	(45,303)
Net loss attributable to noncontrolling interests	0	0
Net earnings attributable to IAC shareholders	(41,554)	(45,303)
Comprehensive (loss) income attributable to IAC shareholders	(63,775)	17,226
IAC
Condensed Financial Statements, Captions [Line Items]
Revenue	0	0
Operating costs and expenses:
Cost of revenue (exclusive of depreciation shown separately below)	212	245
Selling and marketing expense	889	1,055
General and administrative expense	18,972	24,064
Product development expense	1,379	2,177
Depreciation	437	401
Amortization of intangibles	0	0
Total operating costs and expenses	21,889	27,942
Operating income	(21,889)	(27,942)
Equity in earnings (losses) of unconsolidated affiliates	34,463	57,455
Interest expense	(7,418)	(12,990)
Other (expense) income, net	(9,985)	(9,352)
Earnings from continuing operations before income taxes	(4,829)	7,171
Income tax benefit (provision)	13,111	19,109
Earnings from continuing operations	8,282	26,280
Earnings from discontinued operations, net of tax	0	125
Net earnings	8,282	26,405
Net loss attributable to noncontrolling interests	0	0
Net earnings attributable to IAC shareholders	8,282	26,405
Comprehensive (loss) income attributable to IAC shareholders	28,290	(29,168)
Guarantor Subsidiaries
Condensed Financial Statements, Captions [Line Items]
Revenue	402,952	429,961
Operating costs and expenses:
Cost of revenue (exclusive of depreciation shown separately below)	82,699	91,722
Selling and marketing expense	215,702	221,701
General and administrative expense	46,656	41,520
Product development expense	26,608	22,628
Depreciation	7,220	6,735
Amortization of intangibles	2,364	4,604
Total operating costs and expenses	381,249	388,910
Operating income	21,703	41,051
Equity in earnings (losses) of unconsolidated affiliates	7,091	(12,152)
Interest expense	0	(1,038)
Other (expense) income, net	3,632	9,469
Earnings from continuing operations before income taxes	32,426	37,330
Income tax benefit (provision)	(9,975)	(19,764)
Earnings from continuing operations	22,451	17,566
Earnings from discontinued operations, net of tax	0	0
Net earnings	22,451	17,566
Net loss attributable to noncontrolling interests	0	0
Net earnings attributable to IAC shareholders	22,451	17,566
Comprehensive (loss) income attributable to IAC shareholders	28,949	11,772
Non-Guarantor Subsidiaries
Condensed Financial Statements, Captions [Line Items]
Revenue	419,105	344,882
Operating costs and expenses:
Cost of revenue (exclusive of depreciation shown separately below)	111,434	95,018
Selling and marketing expense	168,025	141,817
General and administrative expense	70,606	49,202
Product development expense	27,843	20,452
Depreciation	8,138	8,432
Amortization of intangibles	11,456	7,951
Total operating costs and expenses	397,502	322,872
Operating income	21,603	22,010
Equity in earnings (losses) of unconsolidated affiliates	0	0
Interest expense	(20,442)	(36)
Other (expense) income, net	22,250	6,871
Earnings from continuing operations before income taxes	23,411	28,845
Income tax benefit (provision)	(4,656)	(5,525)
Earnings from continuing operations	18,755	23,320
Earnings from discontinued operations, net of tax	0	0
Net earnings	18,755	23,320
Net loss attributable to noncontrolling interests	348	4,417
Net earnings attributable to IAC shareholders	19,103	27,737
Comprehensive (loss) income attributable to IAC shareholders	34,826	(28,998)
IAC Consolidated
Condensed Financial Statements, Captions [Line Items]
Revenue	819,179	772,512
Operating costs and expenses:
Cost of revenue (exclusive of depreciation shown separately below)	193,734	186,737
Selling and marketing expense	382,341	362,482
General and administrative expense	136,242	114,794
Product development expense	55,830	45,257
Depreciation	15,795	15,568
Amortization of intangibles	13,820	12,555
Total operating costs and expenses	797,762	737,393
Operating income	21,417	35,119
Equity in earnings (losses) of unconsolidated affiliates	0	0
Interest expense	(27,860)	(14,064)
Other (expense) income, net	15,897	6,988
Earnings from continuing operations before income taxes	9,454	28,043
Income tax benefit (provision)	(1,520)	(6,180)
Earnings from continuing operations	7,934	21,863
Earnings from discontinued operations, net of tax	0	125
Net earnings	7,934	21,988
Net loss attributable to noncontrolling interests	348	4,417
Net earnings attributable to IAC shareholders	8,282	26,405
Comprehensive (loss) income attributable to IAC shareholders	$ 28,290	$ (29,168)

GUARANTOR AND NON-GUARANTOR F51

GUARANTOR AND NON-GUARANTOR FINANCIAL INFORMATION - STATEMENT OF CASH FLOWS (Details3) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Condensed Cash Flow Statements, Captions [Line Items]
Net cash (used in) provided by operating activities attributable to continuing operations	$ 24,097	$ (3,810)
Cash flows from investing activities attributable to continuing operations:
Acquisitions, net of cash acquired	(2,252)	(5,709)
Capital expenditures	(16,090)	(12,876)
Proceeds from maturities and sales of marketable debt securities	0	6,050
Purchase of time deposits	(87,500)	0
Purchases of marketable debt securities	(66,891)	(47,930)
Purchases of long-term investments	(813)	(8,345)
Net proceeds from the sale of businesses and long-term investments	93,097	115
Other, net	4,380	2,728
Net cash used in investing activities attributable to continuing operations	(76,069)	(65,967)
Cash flows from financing activities attributable to continuing operations:
Purchase of treasury stock	(135,938)	(200,000)
Dividends	0	(28,675)
Principal payment on long-term debt	(10,000)	0
Repurchase of Senior Notes	(32,912)	0
Issuance of IAC common stock pursuant to stock-based awards, net of withholding taxes	(14,919)	(10,339)
Issuance of Match Group common stock pursuant to stock-based awards, net of withholding taxes	(4,453)	0
Excess tax benefits from stock-based awards	15,264	16,846
Purchase of noncontrolling interests	(1,400)	(15,338)
Acquisition-related contingent consideration payments	(312)	(180)
Other, net	(5,856)	110
Net cash used in financing activities attributable to continuing operations	(190,526)	(237,576)
Total cash used in continuing operations	(242,498)	(307,353)
Effect of exchange rate changes on cash and cash equivalents	(285)	(11,455)
Net decrease in cash and cash equivalents	(242,783)	(318,808)
Cash and cash equivalents at beginning of period	1,481,447	990,405
Cash and cash equivalents at end of period	1,238,664	671,597
IAC
Condensed Cash Flow Statements, Captions [Line Items]
Net cash (used in) provided by operating activities attributable to continuing operations	(59,129)	(41,099)
Cash flows from investing activities attributable to continuing operations:
Acquisitions, net of cash acquired	0	0
Capital expenditures	(281)	(935)
Proceeds from maturities and sales of marketable debt securities		6,050
Purchase of time deposits	0
Purchases of marketable debt securities	(66,891)	(47,930)
Purchases of long-term investments	0	0
Net proceeds from the sale of businesses and long-term investments	10,000	0
Other, net	0	3,615
Net cash used in investing activities attributable to continuing operations	(57,172)	(39,200)
Cash flows from financing activities attributable to continuing operations:
Purchase of treasury stock	(135,938)	(200,000)
Dividends		(28,675)
Principal payment on long-term debt	0
Repurchase of Senior Notes	(32,912)
Issuance of IAC common stock pursuant to stock-based awards, net of withholding taxes	(14,919)	(10,339)
Issuance of Match Group common stock pursuant to stock-based awards, net of withholding taxes	0
Excess tax benefits from stock-based awards	11,220	4,011
Purchase of noncontrolling interests	(1,400)	0
Acquisition-related contingent consideration payments	0	0
Intercompany	27,098	17,955
Other, net	(5,000)	0
Net cash used in financing activities attributable to continuing operations	(151,851)	(217,048)
Total cash used in continuing operations	(268,152)	(297,347)
Effect of exchange rate changes on cash and cash equivalents	0	0
Net decrease in cash and cash equivalents	(268,152)	(297,347)
Cash and cash equivalents at beginning of period	1,073,053	762,231
Cash and cash equivalents at end of period	804,901	464,884
Guarantor Subsidiaries
Condensed Cash Flow Statements, Captions [Line Items]
Net cash (used in) provided by operating activities attributable to continuing operations	44,386	29,603
Cash flows from investing activities attributable to continuing operations:
Acquisitions, net of cash acquired	0	(1,900)
Capital expenditures	(7,482)	(5,815)
Proceeds from maturities and sales of marketable debt securities		0
Purchase of time deposits	0
Purchases of marketable debt securities	0	0
Purchases of long-term investments	0	0
Net proceeds from the sale of businesses and long-term investments	0	0
Other, net	155	48
Net cash used in investing activities attributable to continuing operations	(7,327)	(7,667)
Cash flows from financing activities attributable to continuing operations:
Purchase of treasury stock	0	0
Dividends		0
Principal payment on long-term debt	0
Repurchase of Senior Notes	0
Issuance of IAC common stock pursuant to stock-based awards, net of withholding taxes	0	0
Issuance of Match Group common stock pursuant to stock-based awards, net of withholding taxes	0
Excess tax benefits from stock-based awards	0	0
Purchase of noncontrolling interests	0	0
Acquisition-related contingent consideration payments	(312)	(180)
Intercompany	(36,747)	(21,756)
Other, net	0	0
Net cash used in financing activities attributable to continuing operations	(37,059)	(21,936)
Total cash used in continuing operations	0	0
Effect of exchange rate changes on cash and cash equivalents	0	0
Net decrease in cash and cash equivalents	0	0
Cash and cash equivalents at beginning of period	0	0
Cash and cash equivalents at end of period	0	0
Non-Guarantor Subsidiaries
Condensed Cash Flow Statements, Captions [Line Items]
Net cash (used in) provided by operating activities attributable to continuing operations	38,840	7,686
Cash flows from investing activities attributable to continuing operations:
Acquisitions, net of cash acquired	(2,252)	(3,809)
Capital expenditures	(8,327)	(6,126)
Proceeds from maturities and sales of marketable debt securities		0
Purchase of time deposits	(87,500)
Purchases of marketable debt securities	0	0
Purchases of long-term investments	(813)	(8,345)
Net proceeds from the sale of businesses and long-term investments	83,097	115
Other, net	4,225	(935)
Net cash used in investing activities attributable to continuing operations	(11,570)	(19,100)
Cash flows from financing activities attributable to continuing operations:
Purchase of treasury stock	0	0
Dividends		0
Principal payment on long-term debt	(10,000)
Repurchase of Senior Notes	0
Issuance of IAC common stock pursuant to stock-based awards, net of withholding taxes	0	0
Issuance of Match Group common stock pursuant to stock-based awards, net of withholding taxes	(4,453)
Excess tax benefits from stock-based awards	4,044	12,835
Purchase of noncontrolling interests	0	(15,338)
Acquisition-related contingent consideration payments	0	0
Intercompany	9,649	3,801
Other, net	(856)	110
Net cash used in financing activities attributable to continuing operations	(1,616)	1,408
Total cash used in continuing operations	25,654	(10,006)
Effect of exchange rate changes on cash and cash equivalents	(285)	(11,455)
Net decrease in cash and cash equivalents	25,369	(21,461)
Cash and cash equivalents at beginning of period	408,394	228,174
Cash and cash equivalents at end of period	433,763	206,713
IAC Consolidated
Condensed Cash Flow Statements, Captions [Line Items]
Net cash (used in) provided by operating activities attributable to continuing operations	24,097	(3,810)
Cash flows from investing activities attributable to continuing operations:
Acquisitions, net of cash acquired	(2,252)	(5,709)
Capital expenditures	(16,090)	(12,876)
Proceeds from maturities and sales of marketable debt securities		6,050
Purchase of time deposits	(87,500)
Purchases of marketable debt securities	(66,891)	(47,930)
Purchases of long-term investments	(813)	(8,345)
Net proceeds from the sale of businesses and long-term investments	93,097	115
Other, net	4,380	2,728
Net cash used in investing activities attributable to continuing operations	(76,069)	(65,967)
Cash flows from financing activities attributable to continuing operations:
Purchase of treasury stock	(135,938)	(200,000)
Dividends		(28,675)
Principal payment on long-term debt	(10,000)
Repurchase of Senior Notes	(32,912)
Issuance of IAC common stock pursuant to stock-based awards, net of withholding taxes	(14,919)	(10,339)
Issuance of Match Group common stock pursuant to stock-based awards, net of withholding taxes	(4,453)
Excess tax benefits from stock-based awards	15,264	16,846
Purchase of noncontrolling interests	(1,400)	(15,338)
Acquisition-related contingent consideration payments	(312)	(180)
Intercompany	0	0
Other, net	(5,856)	110
Net cash used in financing activities attributable to continuing operations	(190,526)	(237,576)
Total cash used in continuing operations	(242,498)	(307,353)
Effect of exchange rate changes on cash and cash equivalents	(285)	(11,455)
Net decrease in cash and cash equivalents	(242,783)	(318,808)
Cash and cash equivalents at beginning of period	1,481,447	990,405
Cash and cash equivalents at end of period	$ 1,238,664	$ 671,597

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended
	May. 03, 2016	Mar. 31, 2016
Subsequent Event [Line Items]
Repurchase of common stock, aggregate consideration		$ 143,530
Subsequent Event
Subsequent Event [Line Items]
Repurchased shares of common stock (in shares)	1,400,000
Repurchase of common stock, aggregate consideration	$ 65,300
Shares authorized to be repurchased (in shares)	10,000,000