Match (MTCH) 10-Q 9 Aug 16 2016 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2016	Jul. 22, 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	Jun. 30, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2
Amendment Flag	false
Common Stock
Entity Common Stock, Shares Outstanding		73,786,540
Class B Convertible Common Stock
Entity Common Stock, Shares Outstanding		5,789,499

CONSOLIDATED BALANCE SHEET (Una

CONSOLIDATED BALANCE SHEET (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
ASSETS
Cash and cash equivalents	$ 1,245,984	$ 1,481,447
Marketable securities	79,208	39,200
Accounts receivable, net of allowance of $16,802 and $16,528, respectively	189,491	250,077
Other current assets	278,185	174,286
Total current assets	1,792,868	1,945,010
Property and equipment, net of accumulated depreciation and amortization of $312,916 and $284,494, respectively	306,999	302,817
Goodwill	1,937,675	2,245,364
Intangible assets, net	395,262	440,828
Long-term investments	127,318	137,386
Other non-current assets	99,900	117,286
TOTAL ASSETS	4,660,022	5,188,691
LIABILITIES:
Current portion of long-term debt	50,000	40,000
Accounts payable, trade	61,749	86,883
Deferred revenue	285,733	258,412
Accrued expenses and other current liabilities	294,724	383,251
Total current liabilities	692,206	768,546
Long-term debt, net of current portion	1,655,259	1,726,954
Income taxes payable	33,083	33,692
Deferred income taxes	259,738	348,773
Other long-term liabilities	82,382	64,510
Redeemable noncontrolling interests	38,421	30,391
Commitments and contingencies
SHAREHOLDERS' EQUITY:
Additional paid-in capital	11,862,670	11,486,315
Retained earnings	144,901	331,394
Accumulated other comprehensive loss	(117,407)	(152,103)
Treasury stock 191,870,989 and 187,137,267 shares, respectively	(10,075,985)	(9,861,350)
Total IAC shareholders' equity	1,814,450	1,804,526
Noncontrolling interests	84,483	411,299
Total shareholders' equity	1,898,933	2,215,825
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	4,660,022	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	Jun. 30, 2016	Dec. 31, 2015
Accounts receivable, allowance	$ 16,802	$ 16,528
Accumulated depreciation and amortization, property and equipment	$ 312,916	$ 284,494
Treasury stock, shares (in shares)	191,870,989	187,137,267
Common Stock
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, authorized shares (in shares)	1,600,000,000	1,600,000,000
Common stock, issued shares (in shares)	255,255,243	254,014,976
Common stock, outstanding shares (in shares)	73,752,254	77,245,709
Class B Convertible Common Stock
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, authorized shares (in shares)	400,000,000	400,000,000
Common stock, issued shares (in shares)	16,157,499	16,157,499
Common stock, outstanding shares (in shares)	5,789,499	5,789,499

CONSOLIDATED STATEMENT OF OPERA

CONSOLIDATED STATEMENT OF OPERATIONS (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Revenue	$ 745,439	$ 771,132	$ 1,564,618	$ 1,543,644
Operating costs and expenses:
Cost of revenue (exclusive of depreciation shown separately below)	170,397	177,963	364,131	364,700
Selling and marketing expense	295,525	324,710	677,866	687,192
General and administrative expense	152,135	129,349	288,377	244,143
Product development expense	49,911	46,430	105,741	91,687
Depreciation	17,575	15,500	33,370	31,068
Amortization of intangibles	36,975	14,411	50,795	26,966
Goodwill impairment	275,367	0	275,367	0
Total operating costs and expenses	997,885	708,363	1,795,647	1,445,756
Operating (loss) income	(252,446)	62,769	(231,029)	97,888
Interest expense	(27,644)	(15,214)	(55,504)	(29,278)
Other (expense) income, net	(7,192)	(1,638)	8,705	5,350
(Loss) earnings from continuing operations before income taxes	(287,282)	45,917	(277,828)	73,960
Income tax benefit	96,740	11,968	95,220	5,788
(Loss) earnings from continuing operations	(190,542)	57,885	(182,608)	79,748
Loss from discontinued operations, net of tax	0	(153)	0	(28)
Net (loss) earnings	(190,542)	57,732	(182,608)	79,720
Net (earnings) loss attributable to noncontrolling interests	(4,233)	1,573	(3,885)	5,990
Net (loss) earnings attributable to IAC shareholders	$ (194,775)	$ 59,305	$ (186,493)	$ 85,710
Per share information attributable to IAC shareholders:
Basic (loss) earnings per share from continuing operations (in dollars per share)	$ (2.45)	$ 0.72	$ (2.31)	$ 1.03
Diluted (loss) earnings per share from continuing operations (in dollars per share)	(2.45)	0.68	(2.31)	0.98
Basic (loss) earnings per share (in dollars per share)	(2.45)	0.72	(2.31)	1.03
Diluted (loss) earnings per share (in dollars per share)	(2.45)	0.68	(2.31)	0.97
Dividends declared per share (in dollars per share)	$ 0	$ 0.34	$ 0	$ 0.68
Stock-based compensation expense by function:
Stock-based compensation expense	$ 27,764	$ 25,949	$ 58,949	$ 44,860
Cost of revenue
Stock-based compensation expense by function:
Stock-based compensation expense	694	294	1,307	539
Selling and marketing expense
Stock-based compensation expense by function:
Stock-based compensation expense	1,690	3,119	3,561	4,842
General and administrative expense
Stock-based compensation expense by function:
Stock-based compensation expense	20,516	20,039	41,709	34,637
Product development expense
Stock-based compensation expense by function:
Stock-based compensation expense	$ 4,864	$ 2,497	$ 12,372	$ 4,842

CONSOLIDATED STATEMENT OF COMPR

CONSOLIDATED STATEMENT OF COMPREHENSIVE OPERATIONS (Unaudited) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Statement of Comprehensive Income [Abstract]
Net (loss) earnings		$ (190,542)	$ 57,732	$ (182,608)	$ 79,720
Other comprehensive (loss) income, net of tax:
Change in foreign currency translation adjustment	[1]	(3,341)	8,613	12,404	(48,001)
Change in unrealized gains and losses of available-for-sale securities (net of tax benefits of $482 and $783 for the three and six months ended June 30, 2016, respectively, and net of tax benefits of $126 and $182 for the three and six months ended June 30, 2015, respectively)	[2]	(3,782)	3,615	1,655	4,249
Total other comprehensive (loss) income, net of tax		(7,123)	12,228	14,059	(43,752)
Comprehensive (loss) income		(197,665)	69,960	(168,549)	35,968
Comprehensive (income) loss attributable to noncontrolling interests		(3,553)	2,323	(4,379)	7,147
Comprehensive (loss) income attributable to IAC shareholders		$ (201,218)	$ 72,283	$ (172,928)	$ 43,115
[1]	The three and six months ended June 30, 2016 include amounts reclassified out of other comprehensive income into earnings. See Note 8 - Accumulated Other Comprehensive Loss for additional information.
[2]	The three and six months ended June 30, 2016 and June 2015 include unrealized gains reclassified out of other comprehensive income into earnings. See Note 5 - Marketable Securities and Note 8 - Accumulated Other Comprehensive Loss for additional information.

CONSOLIDATED STATEMENT OF COMP6

CONSOLIDATED STATEMENT OF COMPREHENSIVE OPERATIONS (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Statement of Comprehensive Income [Abstract]
Tax benefit of change in unrealized gains and losses of available-for-sale securities	$ 482	$ 126	$ 783	$ 182

CONSOLIDATED STATEMENT OF SHARE

CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY (Unaudited) - 6 months ended Jun. 30, 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 six months ended June 30, 2016	(180,024)	(186,493)				(186,493)			6,469
Other comprehensive income, net of tax	14,037	13,565					13,565		472
Stock-based compensation expense	54,447	27,937			27,937				26,510
Issuance of common stock pursuant to stock-based awards, net of withholding taxes	(12,704)	(12,704)	$ 1		(12,705)
Issuance of common stock pursuant to stock-based awards, net of withholding taxes (in shares)			1,240
Income tax benefit related to stock-based awards	20,327	20,327			20,327
Purchase of treasury stock	(214,635)	(214,635)						(214,635)
Adjustment of redeemable noncontrolling interests to fair value	(12,966)	(12,966)			(12,966)
Issuance of Match Group common stock pursuant to stock-based awards, net of withholding taxes	2,857								2,857
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)
Changes in noncontrolling interests of Match Group due to the issuance of its common stock		(937)			(937)				937
Noncontrolling interests created in a recent acquisition	12,222	12,222			12,222
Other	(453)	(30)			(30)				(423)
Ending balance at Jun. 30, 2016	1,898,933	$ 1,814,450	$ 255	$ 16	$ 11,862,670	$ 144,901	$ (117,407)	$ (10,075,985)	$ 84,483
Ending balance, common stock (in shares) at Jun. 30, 2016			255,255	16,157
Beginning balance at Dec. 31, 2015	30,391
Increase (Decrease) in Redeemable Noncontrolling Interests
Net (loss) earnings for the six months ended June 30, 2016	(2,584)
Other comprehensive income, net of tax	22
Stock-based compensation expense	816
Purchase of redeemable noncontrolling interests	(2,411)
Adjustment of redeemable noncontrolling interests to fair value	13,388
Other	(1,201)
Ending balance at Jun. 30, 2016	$ 38,421

CONSOLIDATED STATEMENT OF CASH

CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Cash flows from operating activities attributable to continuing operations:
(Loss) earnings from continuing operations	$ (182,608)	$ 79,748
Adjustments to reconcile (loss) earnings from continuing operations to net cash provided by operating activities attributable to continuing operations:
Stock-based compensation expense	58,949	44,860
Depreciation	33,370	31,068
Amortization of intangibles	50,795	26,966
Goodwill impairment	275,367	0
Excess tax benefits from stock-based awards	(21,871)	(36,465)
Deferred income taxes	(90,902)	7,260
Equity in losses of unconsolidated affiliates	414	477
Acquisition-related contingent consideration fair value adjustments	10,470	(16,946)
Gains on sale of businesses and investments, net	(13,137)	(144)
Other adjustments, net	20,869	9,013
Changes in assets and liabilities, net of effects of acquisitions and dispositions:
Accounts receivable	47,855	2,710
Other assets	(20,053)	(6,458)
Accounts payable and other current liabilities	(88,150)	(33,413)
Income taxes payable	(48,028)	(63,304)
Deferred revenue	32,589	40,407
Net cash provided by operating activities attributable to continuing operations	65,929	85,779
Cash flows from investing activities attributable to continuing operations:
Acquisitions, net of cash acquired	(2,524)	(43,286)
Capital expenditures	(35,133)	(26,816)
Purchase of time deposits	(87,500)	0
Proceeds from maturities of time deposits	87,500	0
Proceeds from maturities and sales of marketable debt securities	32,500	14,613
Purchases of marketable debt securities	(79,366)	(93,134)
Purchases of investments	(5,056)	(12,840)
Net proceeds from the sale of businesses and investments	103,735	6,203
Other, net	4,815	2,396
Net cash provided by (used in) investing activities attributable to continuing operations	18,971	(152,864)
Cash flows from financing activities attributable to continuing operations:
Purchase of treasury stock	(214,635)	(200,000)
Proceeds from Match Group 2016 Senior Notes offering	400,000	0
Principal payments on Match Group Term Loan	(410,000)	0
Debt issuance costs	(4,621)	0
Repurchase of Senior Notes	(61,110)	0
Dividends	0	(56,729)
Issuance of IAC common stock pursuant to stock-based awards, net of withholding taxes	(13,097)	(20,656)
Issuance of Match Group common stock pursuant to stock-based awards, net of withholding taxes	2,176	0
Excess tax benefits from stock-based awards	21,871	36,465
Purchase of noncontrolling interests	(2,411)	(15,338)
Acquisition-related contingent consideration payments	(2,150)	(5,705)
Increase in restricted cash related to bond redemptions	(30,002)	0
Other, net	(488)	430
Net cash used in financing activities attributable to continuing operations	(314,467)	(261,533)
Total cash used in continuing operations	(229,567)	(328,618)
Total cash used in discontinued operations	0	(243)
Effect of exchange rate changes on cash and cash equivalents	(5,896)	(5,135)
Net decrease in cash and cash equivalents	(235,463)	(333,996)
Cash and cash equivalents at beginning of period	1,481,447	990,405
Cash and cash equivalents at end of period	$ 1,245,984	$ 656,409

THE COMPANY AND SUMMARY OF SIGN

THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 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; the determination of revenue reserves; the fair value of acquisition-related contingent consideration arrangements; 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 and six months ended June 30, 2016 , revenue earned from Google was $181.5 million and $466.2 million , respectively. For the three and six months ended June 30, 2015 , revenue earned from Google was $308.2 million and $647.8 million , respectively. This revenue is earned by the businesses comprising the Publishing and Applications segments. For the three and six months ended June 30, 2016 , revenue earned from Google represents 69% and 78% of Publishing revenue and 85% and 88% of Applications revenue, respectively. For the three and six months ended June 30, 2015 , revenue earned from Google represents 82% and 83% of Publishing revenue and 94% and 94% of Applications revenue, respectively. Accounts receivable related to revenue earned from Google totaled $57.2 million and $97.2 million at June 30, 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. In March, April and May 2016, the FASB issued ASU 2016-08, ASU 2016-10 and ASU 2016-12, respectively, which provide further revenue recognition guidance related to principal versus agent considerations, performance obligations and licensing, and narrow-scope improvements and practical expedients. 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. In addition, the 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 , (ii) the three months ended March 31, 2016; and (iii) the six months ended June 30, 2016. Therefore, the adjustment was initially reflected in the consolidated financial statements of the Company as of and for the three months ended March 31, 2016 and will, therefore, also be reflected in the year-to-date consolidated financial statements of each subsequent interim period in 2016 and the annual consolidated financial statements for the year ending December 31, 2016. Reclassifications Certain prior year amounts have been reclassified to conform to the current year presentation.

INCOME TAXES

INCOME TAXES	6 Months Ended
	Jun. 30, 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 and six months ended June 30, 2016 , the Company recorded an income tax benefit for continuing operations of $96.7 million and $95.2 million , respectively, which, in each case, represents an effective income tax rate of 34% . The effective tax rate each period is lower than the statutory rate of 35% due primarily to the non-deductible portion of the goodwill impairment at the Publishing segment, partially offset by state taxes. For the three and six months ended June 30, 2015 , the Company recorded an income tax benefit for continuing operations of $12.0 million and $5.8 million , respectively. The income tax benefit for each period is due primarily to the realization of certain deferred tax assets, a reduction in tax reserves and related interest due to the expiration of statutes of limitations, and the non-taxable gain on contingent consideration fair value adjustments, partially offset by state taxes. The Company recognizes interest and, if applicable, penalties related to unrecognized tax benefits in the income tax provision. At June 30, 2016 and December 31, 2015 , the Company has accrued $2.8 million and $2.5 million , respectively, for the payment of interest. At June 30, 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 has substantially completed its audit of the Company’s federal income tax returns for the years ended December 31, 2010 through 2012. The statute of limitations for the years 2010 through 2012 has been extended to March 31, 2017. Various other jurisdictions are open to examination for tax years beginning with 2009. Income taxes payable include reserves considered sufficient to pay assessments that may result from examination of prior year tax returns. Changes to reserves from period to period and differences between amounts paid, if any, upon resolution of audits and amounts previously provided may be material. Differences between the reserves for income tax contingencies and the amounts owed by the Company are recorded in the period they become known. At June 30, 2016 and December 31, 2015 , unrecognized tax benefits, including interest, are $42.4 million and $43.4 million , respectively. If unrecognized tax benefits at June 30, 2016 are subsequently recognized, $39.4 million , net of related deferred tax assets and interest, would reduce the income tax provision for continuing operations. 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 $10.6 million within twelve months of June 30, 2016 , primarily due to expirations of statutes of limitations; $10.2 million of which would reduce the income tax provision for continuing operations.

BUSINESS COMBINATION

BUSINESS COMBINATION	6 Months Ended
	Jun. 30, 2016
Business Combinations [Abstract]
BUSINESS COMBINATION	BUSINESS COMBINATION On October 28, 2015, Match Group completed the acquisition of Plentyoffish Media Inc. ("PlentyOfFish"), a leading provider of subscription-based and ad-supported online personals servicing North America, Europe, Latin America and Australia. Services are provided through websites and mobile applications that PlentyOfFish owns and operates. The purchase price was $574.1 million in cash and is net of a $0.9 million working capital adjustment paid to Match Group in the second quarter of 2016. The financial results of PlentyOfFish are included in the Company's consolidated financial statements, within the Match Group segment, beginning October 28, 2015. The table below summarizes the fair values of the assets acquired and liabilities assumed at the date of acquisition: (In thousands) Cash and cash equivalents $ 4,626 Other current assets 4,460 Computer and other equipment 2,990 Goodwill 488,644 Intangible assets 84,100 Other non-current assets 1,073 Total assets 585,893 Current liabilities (6,418 ) Other long-term liabilities (5,325 ) Net assets acquired $ 574,150 The purchase price was based on the expected financial performance of PlentyOfFish, not on the value of the net identifiable assets at the time of acquisition, which resulted in a significant portion of the purchase price being attributed to goodwill. The expected financial performance of PlentyOfFish reflects that it is complementary and synergistic to the existing Match Group dating businesses. Intangible assets are as follows: (In thousands) Weighted-Average Useful Life (Years) Indefinite-lived trade name $ 66,300 Indefinite Customer relationships 10,100 Less than 1 New registrants 3,100 Less than 1 Non-compete agreement 3,000 5 Developed technology 1,600 2 Total intangible assets acquired $ 84,100 PlentyOfFish's other current assets, property and equipment, other non-current assets, current liabilities and other long-term liabilities were reviewed and adjusted to their fair values at the date of acquisition, as necessary. The fair values of trade names, customer relationships and the non-compete agreement were determined using variations of the income approach; specifically, in respective order, the relief from royalty, excess earnings and with or without methodologies. The fair values of new registrants and developed technology were determined using a cost approach that utilized the cost to replace methodology. The valuations of the intangible assets incorporate significant unobservable inputs and require significant judgment and estimates, including the amount and timing of future cash flows and the determination of royalty and discount rates. The amount attributed to goodwill is not tax deductible. Pro forma Financial Information The unaudited pro forma financial information in the table below presents the combined results of the Company and PlentyOfFish as if the acquisition of PlentyOfFish had occurred on January 1, 2015. The pro forma financial information includes adjustments required under the acquisition method of accounting and is presented for informational purposes only and is not necessarily indicative of what the results would have been had the acquisition actually occurred on January 1, 2015. For the three and six months ended June 30, 2015 , pro forma adjustments reflected below include decreases to revenue of $1.7 million and $8.3 million , respectively, related to the write-off of deferred revenue at the date of acquisition and increases of $5.2 million and $9.0 million , respectively, in amortization of intangible assets. Three Months Ended June 30, 2015 Six Months Ended June 30, 2015 (In thousands, except per share data) Revenue $ 790,486 $ 1,575,155 Net earnings attributable to IAC shareholders $ 62,746 $ 89,947 Basic earnings per share attributable to IAC shareholders $ 0.76 $ 1.08 Diluted earnings per share attributable to IAC shareholders $ 0.72 $ 1.02

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS	6 Months Ended
	Jun. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND INTANGIBLE ASSETS	GOODWILL AND INTANGIBLE ASSETS Goodwill and intangible assets, net are as follows: June 30, December 31, 2016 2015 (In thousands) Goodwill $ 1,937,675 $ 2,245,364 Intangible assets with indefinite lives 336,078 380,137 Intangible assets with definite lives, net 59,184 60,691 Total goodwill and intangible assets, net $ 2,332,937 $ 2,686,192 The following table presents the balance of goodwill by reportable segment, including the changes in the carrying value of goodwill, for the six months ended June 30, 2016 : Balance at Additions Deductions Impairment Foreign Balance at (In thousands) Match Group $ 1,293,109 $ 603 $ (2,983 ) $ — $ 16,448 $ 1,307,177 HomeAdvisor 150,251 — — — 103 150,354 Publishing 277,192 — (1,968 ) (275,367 ) 143 — Applications 447,242 — — — — 447,242 Video 15,590 9,649 — — — 25,239 Other 61,980 — (55,117 ) — 800 7,663 Total $ 2,245,364 $ 10,252 $ (60,068 ) $ (275,367 ) $ 17,494 $ 1,937,675 The June 30, 2016 goodwill balance includes accumulated impairment losses of $598.0 million , $529.1 million , $11.6 million and $42.1 million at Publishing, Applications, Connected Ventures (included in the Video segment), and ShoeBuy (included in the Other segment), respectively. The additions primarily relate to the acquisition of VHX (included in the Video segment). The deductions primarily relate to the sale of PriceRunner (included in the Other segment). The Company performs its annual impairment assessment of goodwill and indefinite-lived intangible assets as of October 1. In each reporting period, the Company assesses whether any events have occurred or circumstances have changed that would make it more likely than not that the carrying values of its reporting units and indefinite-lived intangible assets are in excess of their respective fair values. If the Company so concludes, the Company updates its estimate of the fair value of the applicable reporting unit and/or indefinite-lived intangible asset. If the estimated fair value of a reporting unit exceeds its carrying value, goodwill of the reporting unit is not impaired and the second step of the impairment test is not necessary. If the carrying value of a reporting unit exceeds its estimated fair value, then the second step of the goodwill impairment test must be performed. The second step of the goodwill impairment test compares the implied fair value of the reporting unit's goodwill with its carrying value to measure the amount of impairment, if any. The implied fair value of goodwill is determined in the same manner as the amount of goodwill recognized in a business combination. In other words, the estimated fair value of the reporting unit is allocated to all of the assets and liabilities of that unit (including any unrecognized intangible assets) as if the reporting unit had been acquired in a business combination and the fair value of the reporting unit was the purchase price paid. If the carrying value of the reporting unit's goodwill exceeds the implied fair value of that goodwill, an impairment is recognized in an amount equal to the excess. Similarly, if the carrying value of an indefinite-lived intangible asset exceeds its fair value, an impairment is recorded equal to the excess. The Company concluded that it was more likely than not that the carrying value of the Publishing reporting unit and its indefinite-lived intangible assets were in excess of their respective fair values as of June 30, 2016 and, therefore, updated its estimated fair values of these assets as of that date. This conclusion was based upon the impact of new Google contract, traffic trends and monetization challenges and the anticipated corresponding impact on our estimate of fair value. In performing the first step of the goodwill impairment assessment, the Company determined the fair value of the Publishing reporting unit using both an income approach based on discounted cash flows ("DCF") and a market approach. Determining fair value using a DCF analysis requires the exercise of significant judgment with respect to several items, including judgment about the amount and timing of expected future cash flows and appropriate discount rates. The expected cash flows used in the Publishing DCF analysis were based on the Company's most recent forecast for the second half of 2016 and each of the years in the forecast period, which were updated to include the effects of the new Google contract, traffic trends and monetization challenges and the cost savings from our restructuring efforts. For years beyond the forecast period, the Company's estimated cash flows were based on forecasted growth rates. The discount rate used in the DCF analysis reflects the risks inherent in the expected future cash flows of the Publishing reporting unit. Determining fair value using a market approach considers multiples of financial metrics based on both acquisitions and trading multiples of a selected peer group of companies. From the comparable companies, a representative market multiple was determined which was applied to financial metrics to estimate the fair value of the Publishing reporting unit. To determine a peer group of companies for Publishing, we considered companies relevant in terms of consumer use, monetization model, margin and growth characteristics and brand strength operating in their respective sectors. The second step of the impairment calculation is to determine the fair value of the goodwill of the Publishing reporting unit. The estimated fair value of the Publishing reporting unit was allocated to all of its assets and liabilities (which included unrecognized intangible assets) as if the Publishing reporting unit had been acquired in a business combination on June 30, 2016 and the fair value of the reporting unit was the purchase price paid. Publishing's other current assets, property and equipment, other non-current assets, current liabilities and other long-term liabilities were reviewed and adjusted to their fair values at June 30, 2016 as necessary. The fair values of trade names, advertiser relationships, and certain existing content at About.com were determined using variations of the income approach; specifically, in respective order, the relief from royalty, with or without and excess earnings methodologies. The fair values of developed technology and certain existing content at Investopedia were determined using a cost approach that utilized the cost to replace methodology. The valuations of the intangible assets incorporate significant unobservable inputs and require significant judgment and estimates, including the amount and timing of future cash flows and the determination of royalty and discount rates. The fair value of the goodwill of the Publishing reporting unit was determined to be zero and an impairment of the entire goodwill balance of $275.4 million was recognized in the second quarter of 2016. The goodwill impairment charge is a preliminary estimate that will be finalized in the third quarter of 2016. The Company also recorded impairments of $11.6 million of certain trade names and trademarks in the second quarter of 2016. The impairments were due to reduced level of revenue and profits, which, in turn, also led to a reduction in the assumed royalty rates for these assets. The royalty rates used to value the trade names that were impaired ranged from 2% to 6% and the discount rate that was used reflects the risks inherent in the expected future cash flows of the trade names and trademarks. The following table presents the balance of goodwill by reportable segment, including the changes in the carrying value of goodwill, for the year ended December 31, 2015: Balance at Additions Impairment Foreign Allocation of IAC's former Search & Applications Segment Goodwill Based on Relative Fair Value Balance at (In thousands) Search & Applications (a) $ 774,822 $ 1,450 $ — $ (1,230 ) $ (775,042 ) $ — Match Group 791,474 547,910 — (46,275 ) — 1,293,109 HomeAdvisor 151,321 — — (1,070 ) — 150,251 Publishing — 3,504 — 963 272,725 277,192 Applications — — — — 447,242 447,242 Video 15,590 — — — — 15,590 Other 21,719 — (14,056 ) (758 ) 55,075 61,980 Total $ 1,754,926 $ 552,864 $ (14,056 ) $ (48,370 ) $ — $ 2,245,364 ________________________ (a) Prior to the fourth quarter of 2015, Search & Applications was a reportable segment consisting of one operating segment and one reporting unit. In the fourth quarter of 2015, Search &Applications was split into three new operating segments and reporting units: Publishing, Applications and PriceRunner (included in the Other segment). The goodwill of Search & Applications was allocated to these three reporting units based upon their relative fair values as of October 1, 2015. It is not possible to reflect this allocation on a retrospective basis because of acquisitions and dispositions during the three years in the period ended December 31, 2015. The additions primarily relate to Match Group's acquisitions of PlentyOfFish and Eureka. The goodwill impairment charge at ShoeBuy (included in the Other segment) was due to increased investment and the seasonal effect of high inventory levels as of October 1, 2015. The December 31, 2015 goodwill balance includes accumulated impairment losses of $322.6 million , $529.1 million and $65.2 million , which were re-allocated from the former Search & Applications segment, to Publishing, Applications and PriceRunner (included in the Other segment), respectively, based on their relative fair values as of October 1, 2015 following the change in reportable segments that occurred during the fourth quarter of 2015. The goodwill balance at December 31, 2015 also includes accumulated impairment losses of $11.6 million and $42.1 million at Connected Ventures (included in the Video segment) and ShoeBuy (included in the Other segment), respectively. Intangible assets with indefinite lives are trade names and trademarks acquired in various acquisitions. During the second quarter of 2016, the Company changed the classification of certain intangibles from indefinite-lived to definite-lived at Publishing. In addition, in connection with the goodwill impairment charge at Publishing described above, the Company recorded an $11.6 million impairment charge on certain indefinite-lived trade names. The impairment charge is included in "Amortization of intangibles" in the accompanying consolidated statement of operations. At June 30, 2016 and December 31, 2015 , intangible assets with definite lives are as follows: June 30, 2016 Gross Accumulated Net Weighted-Average (In thousands) Trade names $ 65,746 $ (42,385 ) $ 23,361 3.2 Content 62,082 (53,228 ) 8,854 4.1 Technology 56,474 (39,205 ) 17,269 3.3 Customer lists 28,443 (22,709 ) 5,734 2.2 Advertiser and supplier relationships and other 10,346 (6,380 ) 3,966 4.3 Total $ 223,091 $ (163,907 ) $ 59,184 3.4 December 31, 2015 Gross Accumulated Net Weighted-Average (In thousands) Content $ 62,082 $ (48,937 ) $ 13,145 4.1 Technology 55,487 (37,012 ) 18,475 3.2 Trade names 32,123 (26,268 ) 5,855 2.5 Customer lists 28,836 (13,078 ) 15,758 2.1 Advertiser and supplier relationships and other 15,709 (8,251 ) 7,458 4.2 Total $ 194,237 $ (133,546 ) $ 60,691 3.3 At June 30, 2016 , amortization of intangible assets with definite lives for each of the next five years is estimated to be as follows: For the twelve months ending June 30, (In thousands) 2017 $ 32,581 2018 14,896 2019 7,044 2020 4,463 2021 200 Total $ 59,184

MARKETABLE SECURITIES

MARKETABLE SECURITIES	6 Months Ended
	Jun. 30, 2016
Marketable Securities [Abstract]
MARKETABLE SECURITIES	MARKETABLE SECURITIES At June 30, 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 $ 29,614 $ 45 $ (15 ) $ 29,644 Treasury discount notes 44,949 23 — 44,972 Total debt securities 74,563 68 (15 ) 74,616 Equity security 4,385 207 — 4,592 Total marketable securities $ 78,948 $ 275 $ (15 ) $ 79,208 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 June 30, 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. The aggregate fair value of available-for-sale marketable debt securities with unrealized losses is $17.3 million as of June 30, 2016 . There is one investment in current available-for-sale marketable debt securities that has been in a continuous unrealized loss position for longer than twelve months as of June 30, 2016 . The contractual maturities of debt securities classified as current available-for-sale at June 30, 2016 are as follows: Amortized Cost Fair Value (In thousands) Due in one year or less $ 69,536 $ 69,551 Due after one year through five years 5,027 5,065 Total $ 74,563 $ 74,616 The following table presents the proceeds from maturities and sales of current and non-current available-for-sale marketable securities: Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 (In thousands) Proceeds from maturities and sales of available-for-sale marketable securities $ 44,216 $ 8,563 $ 54,216 $ 14,613 Gross realized gains 3,125 5 3,125 5 There were no gross realized losses from the maturities and sales of available-for-sale marketable securities for the three and six months ended June 30, 2016 and 2015 . Gross realized gains from the maturities and sales of available-for-sale marketable securities and losses that were deemed to be other-than-temporary are included in "Other (expense) income, net" in the accompanying consolidated statement of operations. The specific-identification method is used to determine the cost of securities sold and the amount of unrealized gains and losses reclassified out of accumulated other comprehensive income (loss) into earnings.

FAIR VALUE MEASUREMENTS AND FIN

FAIR VALUE MEASUREMENTS AND FINANCIAL INSTRUMENTS	6 Months Ended
	Jun. 30, 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: June 30, 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 $ 523,659 $ — $ — $ 523,659 Time deposits — 125,192 — 125,192 Treasury discount notes 62,496 — — 62,496 Commercial paper — 93,989 — 93,989 Marketable securities: Corporate debt securities — 29,644 — 29,644 Treasury discount notes 44,972 — — 44,972 Equity security 4,592 — — 4,592 Total $ 635,719 $ 248,825 $ — $ 884,544 Liabilities: Contingent consideration arrangements $ — $ — $ (45,526 ) $ (45,526 ) 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 tables present the changes in the Company's financial instruments that are measured at fair value on a recurring basis using significant unobservable inputs (Level 3): Three Months Ended June 30, 2016 2015 Contingent Consideration Arrangements Auction Rate Security Contingent Consideration Arrangements (In thousands) Balance at April 1 $ (37,243 ) $ 6,190 $ (20,964 ) Total net (losses) gains: Included in earnings: Fair value adjustments (6,801 ) — 9,950 Foreign currency exchange losses — — (4 ) Included in other comprehensive (loss) income (3,375 ) 440 384 Fair value at date of acquisition 55 — (26,749 ) Settlements 1,838 — 5,525 Balance at June 30 $ (45,526 ) $ 6,630 $ (31,858 ) Six Months Ended June 30, 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 (losses) gains: Included in earnings: Fair value adjustments — (10,470 ) — 16,946 Foreign currency exchange gains — — — 626 Included in other comprehensive income (loss) 5,950 (5,281 ) 560 2,117 Fair value at date of acquisition 1,948 — (27,112 ) Settlements — 2,150 — 5,705 Proceeds from sale (10,000 ) — — — Balance at June 30 $ — $ (45,526 ) $ 6,630 $ (31,858 ) Contingent Consideration Arrangements As of June 30, 2016 , there are eight contingent consideration arrangements related to business acquisitions. Seven 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 $141.8 million and the fair value of these arrangements at June 30, 2016 is $45.4 million . The fair value of the one contingent consideration arrangement without a limit on the maximum amount is $0.1 million at June 30, 2016 . 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 June 30, 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 June 30, 2016 and December 31, 2015 includes a current portion of $10.8 million and $2.6 million , respectively, and non-current portion of $34.7 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. Marketable equity security The cost basis of the Company's long-term marketable equity security at December 31, 2015 was $5.0 million , with gross unrealized gains of $2.6 million . The gross unrealized gains at December 31, 2015 was included in "Accumulated other comprehensive loss" in the accompanying consolidated balance sheet. During the second quarter of 2016 this marketable equity security was classified as short-term due to the Company's decision to sell this security. 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. See Note 4 for additional information on the Publishing goodwill and indefinite-lived intangible asset impairment charges. Cost method investments At June 30, 2016 and December 31, 2015 , the carrying values of the Company's investments accounted for under the cost method totaled $116.5 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. Financial instruments measured at fair value only for disclosure purposes The following table presents the carrying value and the fair value of financial instruments measured at fair value only for disclosure purposes: June 30, 2016 December 31, 2015 Carrying Fair Carrying Fair (In thousands) Current portion of long-term debt $ (50,000 ) $ (52,025 ) $ (40,000 ) $ (39,850 ) Long-term debt, net of current portion (1,655,259 ) (1,722,286 ) (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	6 Months Ended
	Jun. 30, 2016
Debt Disclosure [Abstract]
LONG-TERM DEBT	LONG-TERM DEBT Long-term debt consists of: June 30, 2016 December 31, 2015 (In thousands) Match Group Debt: 6.375% Senior Notes due June 1, 2024 (the "2016 Match Group Senior Notes"); interest payable each June 1 and December 1, which commences December 1, 2016 $ 400,000 $ — 6.75% Senior Notes due December 15, 2022 (the "2015 Match Group Senior Notes"); interest payable each June 15 and December 15, which commenced June 15, 2016 445,172 445,172 Match Group Term Loan due November 16, 2022 (a) 390,000 800,000 Total Match Group long-term debt 1,235,172 1,245,172 Less: Current maturities of Match Group long-term debt — 40,000 Less: Unamortized original issue discount and original issue premium, net 5,308 11,691 Less: Unamortized debt issuance costs 15,076 16,610 Total Match Group debt, net of current maturities 1,214,788 1,176,871 IAC Debt: 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 445,003 500,000 4.75% Senior Notes due December 15, 2022 (the "2012 Senior Notes"); interest payable each June 15 and December 15, which commenced June 15, 2013 48,619 54,732 Total IAC long-term debt 493,622 554,732 Less: Current portion of IAC long-term debt 50,000 — Less: Unamortized debt issuance costs 3,151 4,649 Total IAC debt, net of current portion 440,471 550,083 Total long-term debt, net of current portion $ 1,655,259 $ 1,726,954 ________________________ (a) T he Match Group Term Loan matures on November 16, 2022; provided that, if any of the 2015 Match Group Senior Notes remain outstanding on the date that is 91 days prior to the maturity date of the 2015 Match Group Senior Notes, the Match Group Term Loan maturity date shall be the date that is 91 days prior to the maturity date of the 2015 Match Group Senior Notes. Match Group Senior Notes : The 2016 Match Group Senior Notes were issued on June 1, 2016. The proceeds of $400 million were used to repay a portion of indebtedness outstanding under the Match Group Term Loan. At any time prior to June 1, 2019, these notes may be redeemed at a redemption price equal to the sum of the principal amount thereof, plus accrued and unpaid interest and a make-whole premium. Thereafter, these notes may be redeemed at the redemption prices set forth below, together with accrued and unpaid interest thereon to the applicable redemption date, if redeemed during the twelve-month period beginning on June 1 of the years indicated below: Year Percentage 2019 104.781 % 2020 103.188 % 2021 101.594 % 2022 and thereafter 100.000 % The 2015 Match Group Senior Notes were issued on November 16, 2015, in exchange for a portion of the IAC 2012 Senior Notes (the "Match Exchange Offer"). The indentures governing the 2016 and 2015 Match Group Senior Notes contain 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's leverage ratio (as defined in the indentures) exceeds 5.0 to 1.0. At June 30, 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 Term Loan and Match Group Credit Facility : On November 16, 2015, under a credit agreement (the "Match Group Credit Agreement"), the Match Group borrowed $800 million in the form of a term loan (the "Match Group Term Loan"). On March 31, 2016, the Company made a $10 million principal payment on the Match Group Term Loan. In addition, on June 1, 2016, the $400 million in proceeds from the 2016 Match Group Senior Notes were used to repay a portion of the Match Group Term Loan. The remaining principal balance at June 30, 2016 of $390 million is due at maturity. The Match Group Term Loan would require additional annual principal payments as part of an excess cash flow sweep provision, the amount of which, if any, is governed by the secured net leverage ratio contained in the Match Group Credit Agreement. The Match Group Term Loan bears interest, at our option, at a base rate or LIBOR, plus 3.50% or 4.50% , respectively, and in the case of LIBOR, a floor of 1.00% . Interest payments are due at least semi-annually through the term of the loan. Match Group has a $500 million revolving credit facility (the "Match Group Credit Facility") that expires on October 7, 2020. At June 30, 2016 and December 31, 2015 , there were no outstanding borrowings under the Match Group Credit Facility. The annual commitment fee on undrawn funds based on the current leverage ratio is 30 basis points . 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. There are additional covenants under the Match Group Credit Facility and the Match Group Term Loan that limit the ability of Match Group and 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 Match Group wholly-owned domestic subsidiaries, and are also secured by the stock of certain Match Group domestic and foreign subsidiaries. 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 2016 and 2015 Match Group Senior Notes to the extent of the value of the assets securing the borrowings under the Match Group Credit Agreement. IAC Senior Notes : 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 14 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 June 30, 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. IAC Credit Facility : IAC has a $300 million revolving credit facility (the "IAC Credit Facility") that expires October 7, 2020. At June 30, 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 (as defined in the agreement) 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.

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE LOSS	6 Months Ended
	Jun. 30, 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 June 30, 2016 Foreign Currency Translation Adjustment Unrealized Gains (Losses) On Available-For-Sale Securities Accumulated Other Comprehensive Loss (In thousands) Balance as of April 1 $ (118,485 ) $ 7,521 $ (110,964 ) Other comprehensive loss before reclassifications, net of tax benefit of $0.5 million related to unrealized losses on available-for-sale securities (5,588 ) (683 ) (6,271 ) Amounts reclassified to earnings 2,461 (2,633 ) (a) (172 ) Net current period other comprehensive loss (3,127 ) (3,316 ) (6,443 ) Balance as of June 30 $ (121,612 ) $ 4,205 $ (117,407 ) ________________________ (a) Amount is net of a tax provision of less than $0.1 million . Three Months Ended June 30, 2015 Foreign Currency Translation Adjustment Unrealized (Losses) Gains On Available-For-Sale Securities Accumulated Other Comprehensive (Loss) Income (In thousands) Balance as of April 1 $ (143,182 ) $ (91 ) $ (143,273 ) Other comprehensive income, net of tax benefit of $0.2 million related to unrealized losses on available-for-sale securities 9,287 3,528 12,815 Amounts reclassified to earnings related to unrealized losses on available-for-sale securities, net of a tax benefit of $0.1 million — 163 163 Net current period other comprehensive income 9,287 3,691 12,978 Balance as of June 30 $ (133,895 ) $ 3,600 $ (130,295 ) Six Months Ended June 30, 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 $0.8 million related to unrealized losses on available-for-sale securities 1,594 4,754 6,348 Amounts reclassified to earnings 9,850 (2,633 ) (b) 7,217 Net current period other comprehensive income 11,444 2,121 13,565 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 June 30 $ (121,612 ) $ 4,205 $ (117,407 ) ________________________ (b) Amount is net of a tax provision of less than $0.1 million . Six Months Ended June 30, 2015 Foreign Currency Translation Adjustment Unrealized (Losses) Gains On Available-For-Sale Securities Accumulated Other Comprehensive (Loss) Income (In thousands) Balance as of January 1 $ (86,848 ) $ (852 ) $ (87,700 ) Other comprehensive (loss) income, net of tax benefit of $0.3 million related to unrealized losses on available-for-sale securities (47,047 ) 4,289 (42,758 ) Amounts reclassified to earnings related to unrealized losses on available-for-sale securities, net of a tax benefit of $0.1 million — $ 163 163 Net current period other comprehensive (loss) income (47,047 ) 4,452 (42,595 ) Balance as of June 30 $ (133,895 ) $ 3,600 $ (130,295 )

(LOSS) EARNINGS PER SHARE

(LOSS) EARNINGS PER SHARE	6 Months Ended
	Jun. 30, 2016
Earnings Per Share [Abstract]
(LOSS) EARNINGS PER SHARE	(LOSS) EARNINGS PER SHARE The following tables set forth the computation of basic and diluted (loss) earnings per share attributable to IAC shareholders. Three Months Ended June 30, 2016 2015 Basic Diluted Basic Diluted (In thousands, except per share data) Numerator: (Loss) earnings from continuing operations $ (190,542 ) $ (190,542 ) $ 57,885 $ 57,885 Net (earnings) loss attributable to noncontrolling interests (4,233 ) (4,233 ) 1,573 1,573 Impact from Match Group's dilutive securities (a)(b) — — — — (Loss) earnings from continuing operations attributable to IAC shareholders (194,775 ) (194,775 ) 59,458 59,458 Loss from discontinued operations attributable to IAC shareholders — — (153 ) (153 ) Net (loss) earnings attributable to IAC shareholders $ (194,775 ) $ (194,775 ) $ 59,305 $ 59,305 Denominator: Weighted average basic shares outstanding 79,523 79,523 82,416 82,416 Dilutive securities including subsidiary denominated equity, stock options and RSUs (c)(d) — — — 4,674 Denominator for earnings per share—weighted average shares (c)(d) 79,523 79,523 82,416 87,090 (Loss) earnings per share attributable to IAC shareholders: (Loss) earnings per share from continuing operations $ (2.45 ) $ (2.45 ) $ 0.72 $ 0.68 Discontinued operations — — — — (Loss) earnings per share $ (2.45 ) $ (2.45 ) $ 0.72 $ 0.68 Six Months Ended June 30, 2016 2015 Basic Diluted Basic Diluted (In thousands, except per share data) Numerator: (Loss) earnings from continuing operations $ (182,608 ) $ (182,608 ) $ 79,748 $ 79,748 Net (earnings) loss attributable to noncontrolling interests (3,885 ) (3,885 ) 5,990 5,990 Impact from Match Group's dilutive securities (a)(b) — — — — (Loss) earnings from continuing operations attributable to IAC shareholders (186,493 ) (186,493 ) 85,738 85,738 Loss from discontinued operations attributable to IAC shareholders — — (28 ) (28 ) Net (loss) earnings attributable to IAC shareholders $ (186,493 ) $ (186,493 ) $ 85,710 $ 85,710 Denominator: Weighted average basic shares outstanding 80,775 80,775 82,932 82,932 Dilutive securities including subsidiary denominated equity, stock options and RSUs (c)(d) — — — 4,989 Denominator for earnings per share—weighted average shares (c)(d) 80,775 80,775 82,932 87,921 (Loss) earnings per share attributable to IAC shareholders: (Loss) earnings per share from continuing operations $ (2.31 ) $ (2.31 ) $ 1.03 $ 0.98 Discontinued operations — — — (0.01 ) (Loss) earnings per share $ (2.31 ) $ (2.31 ) $ 1.03 $ 0.97 ________________________ (a) The impact on earnings of Match Group's dilutive securities is not applicable for the three and six months ended June 30, 2015 as it was a wholly-owned subsidiary of the Company until its IPO on November 24, 2015. (b) For the three and six months ended June 30, 2016 , the impact on earnings related to Match Group's dilutive securities under the if-converted method are excluded as the impact is anti-dilutive. (c) For the three and six months ended June 30, 2016 , the Company had a loss from continuing operations and as a result, approximately 10.1 million potentially dilutive securities were excluded from computing dilutive earnings per share because the impact would have been anti-dilutive. Accordingly, the weighted average basic shares outstanding were used to compute all earnings per share amounts. (d) 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 and stock options and vesting of restricted stock units ("RSUs"). For the three and six months ended June 30, 2015 , 1.0 million and 1.2 million potentially dilutive securities, respectively, are excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive.

SEGMENT INFORMATION

SEGMENT INFORMATION	6 Months Ended
	Jun. 30, 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 June 30, Six Months Ended June 30, 2016 2015 2016 2015 (In thousands) Revenue: Match Group $ 301,119 $ 248,817 $ 586,402 $ 483,886 HomeAdvisor 130,173 94,150 241,662 169,994 Publishing 85,291 154,447 251,293 333,472 Applications 143,157 190,801 302,953 388,268 Video 47,311 40,720 102,406 87,192 Other 38,484 42,318 80,116 81,171 Inter-segment eliminations (96 ) (121 ) (214 ) (339 ) Total $ 745,439 $ 771,132 $ 1,564,618 $ 1,543,644 Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 (In thousands) Operating Income (Loss): Match Group $ 73,668 $ 40,522 $ 102,856 $ 67,562 HomeAdvisor 11,910 1,589 13,824 (2,408 ) Publishing (316,934 ) 10,160 (310,158 ) 29,536 Applications 18,921 52,631 46,599 91,537 Video (5,039 ) (10,457 ) (22,524 ) (30,926 ) Other (1,686 ) (399 ) (1,788 ) (940 ) Corporate (33,286 ) (31,277 ) (59,838 ) (56,473 ) Total $ (252,446 ) $ 62,769 $ (231,029 ) $ 97,888 Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 (In thousands) Adjusted EBITDA: (a) Match Group $ 100,120 $ 63,448 $ 164,706 $ 96,698 HomeAdvisor 15,016 4,700 19,982 3,864 Publishing (11,845 ) 17,337 (431 ) 43,990 Applications 29,082 49,095 60,140 94,644 Video (3,975 ) (12,135 ) (20,876 ) (31,841 ) Other (944 ) 878 115 1,600 Corporate (15,418 ) (14,644 ) (25,714 ) (25,119 ) Total $ 112,036 $ 108,679 $ 197,922 $ 183,836 June 30, 2016 December 31, 2015 (In thousands) Segment Assets: (b) Match Group $ 411,832 $ 329,269 HomeAdvisor 51,937 32,112 Publishing 457,116 390,951 Applications 94,192 108,997 Video 92,268 90,671 Other 26,229 64,550 Corporate 1,193,511 1,485,949 Total $ 2,327,085 $ 2,502,499 ________________________ (a) The Company's primary financial measure is Adjusted EBITDA, which is defined as operating income excluding: (1) stock-based compensation expense; (2) depreciation; and (3) acquisition-related items consisting of (i) amortization of intangible assets and impairments of goodwill and intangible assets, if applicable, and (ii) gains and losses recognized on changes in the fair value of contingent consideration arrangements. The Company believes this measure is useful for analysts and investors as this measure allows a more meaningful comparison between our performance and that of our competitors. Moreover, our management uses this measure internally to evaluate the performance of our business as a whole and our individual business segments. 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. (b) Consistent with the Company's primary metric (described in (a) above), the Company excludes, if applicable, goodwill and intangible assets from the measure of segment assets presented above. Revenue by geography is based on where the customer is located. Geographic information about revenue and long-lived assets is presented below: Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 (In thousands) Revenue: United States $ 549,725 $ 566,224 $ 1,154,216 $ 1,136,237 All other countries 195,714 204,908 410,402 407,407 Total $ 745,439 $ 771,132 $ 1,564,618 $ 1,543,644 June 30, December 31, (In thousands) Long-lived assets (excluding goodwill and intangible assets): United States $ 283,208 $ 279,913 All other countries 23,791 22,904 Total $ 306,999 $ 302,817 The following tables reconcile operating income (loss) for the Company's reportable segments and net earnings attributable to IAC shareholders to Adjusted EBITDA: Three Months Ended June 30, 2016 Operating Income (Loss) Stock-Based Compensation Expense Depreciation Amortization of Intangibles Acquisition-related Contingent Consideration Fair Value Adjustments Goodwill Impairment Adjusted EBITDA (In thousands) Match Group $ 73,668 $ 12,698 $ 8,090 $ 6,419 $ (755 ) $ — $ 100,120 HomeAdvisor 11,910 408 1,925 773 — — 15,016 Publishing (316,934 ) — 2,148 27,574 — 275,367 (11,845 ) Applications 18,921 — 1,082 1,523 7,556 — 29,082 Video (5,039 ) — 477 587 — — (3,975 ) Other (1,686 ) — 643 99 — — (944 ) Corporate (33,286 ) 14,658 3,210 — — — (15,418 ) Total (252,446 ) $ 27,764 $ 17,575 $ 36,975 $ 6,801 $ 275,367 $ 112,036 Interest expense (27,644 ) Other expense, net (7,192 ) Loss from continuing operations before income taxes (287,282 ) Income tax benefit 96,740 Loss from continuing operations (190,542 ) Loss from discontinued operations, net of tax — Net loss (190,542 ) Net earnings attributable to noncontrolling interests (4,233 ) Net loss attributable to IAC shareholders $ (194,775 ) Three Months Ended June 30, 2015 Operating Income (Loss) Stock-Based Compensation Expense Depreciation Amortization of Intangibles Acquisition-related Contingent Consideration Fair Value Adjustments Adjusted EBITDA (In thousands) Match Group $ 40,522 $ 11,626 $ 6,622 $ 5,901 $ (1,223 ) $ 63,448 HomeAdvisor 1,589 420 1,589 1,102 — 4,700 Publishing 10,160 — 2,423 4,754 — 17,337 Applications 52,631 — 1,188 1,573 (6,297 ) 49,095 Video (10,457 ) 147 226 379 (2,430 ) (12,135 ) Other (399 ) — 575 702 — 878 Corporate (31,277 ) 13,756 2,877 — — (14,644 ) Total 62,769 $ 25,949 $ 15,500 $ 14,411 $ (9,950 ) $ 108,679 Interest expense (15,214 ) Other expense, net (1,638 ) Earnings from continuing operations before income taxes 45,917 Income tax benefit 11,968 Earnings from continuing operations 57,885 Loss from discontinued operations, net of tax (153 ) Net earnings 57,732 Net loss attributable to noncontrolling interests 1,573 Net earnings attributable to IAC shareholders $ 59,305 Six Months Ended June 30, 2016 Operating Income (Loss) Stock-Based Compensation Expense Depreciation Amortization of Intangibles Acquisition-related Contingent Consideration Fair Value Adjustments Goodwill Impairment Adjusted EBITDA (In thousands) Match Group $ 102,856 $ 30,196 $ 14,577 $ 14,671 $ 2,406 $ — $ 164,706 HomeAdvisor 13,824 815 3,798 1,545 — — 19,982 Publishing (310,158 ) — 4,337 30,023 — 275,367 (431 ) Applications 46,599 — 2,231 3,054 8,256 — 60,140 Video (22,524 ) — 875 965 (192 ) — (20,876 ) Other (1,788 ) — 1,366 537 — — 115 Corporate (59,838 ) 27,938 6,186 — — — (25,714 ) Total (231,029 ) $ 58,949 $ 33,370 $ 50,795 $ 10,470 $ 275,367 $ 197,922 Interest expense (55,504 ) Other income, net 8,705 Loss from continuing operations before income taxes (277,828 ) Income tax benefit 95,220 Loss from continuing operations (182,608 ) Loss from discontinued operations, net of tax — Net loss (182,608 ) Net earnings attributable to noncontrolling interests (3,885 ) Net loss attributable to IAC shareholders $ (186,493 ) Six Months Ended June 30, 2015 Operating Income (Loss) Stock-Based Compensation Expense Depreciation Amortization of Intangibles Acquisition-related Contingent Consideration Fair Value Adjustments Adjusted EBITDA (In thousands) Match Group $ 67,562 $ 17,925 $ 13,667 $ 9,778 $ (12,234 ) $ 96,698 HomeAdvisor (2,408 ) 840 3,140 2,292 — 3,864 Publishing 29,536 — 4,930 9,524 — 43,990 Applications 91,537 — 2,230 3,154 (2,277 ) 94,644 Video (30,926 ) 294 424 802 (2,435 ) (31,841 ) Other (940 ) — 1,124 1,416 — 1,600 Corporate (56,473 ) 25,801 5,553 — — (25,119 ) Total 97,888 $ 44,860 $ 31,068 $ 26,966 $ (16,946 ) $ 183,836 Interest expense (29,278 ) Other income, net 5,350 Earnings from continuing operations before income taxes 73,960 Income tax benefit 5,788 Earnings from continuing operations 79,748 Loss from discontinued operations, net of tax (28 ) Net earnings 79,720 Net loss attributable to noncontrolling interests 5,990 Net earnings attributable to IAC shareholders $ 85,710 The following tables reconcile segment assets to total assets: June 30, 2016 Segment Assets Goodwill Indefinite-Lived Definite-Lived Total Assets (In thousands) Match Group $ 411,832 $ 1,307,177 $ 246,894 $ 18,241 $ 1,984,144 HomeAdvisor 51,937 150,354 600 4,193 207,084 Publishing 457,116 — 15,004 24,362 496,482 Applications 94,192 447,242 60,600 4,910 606,944 Video 92,268 25,239 1,800 7,378 126,685 Other 26,229 7,663 11,180 100 45,172 Corporate (a) 1,193,511 — — — 1,193,511 Total $ 2,327,085 $ 1,937,675 $ 336,078 $ 59,184 $ 4,660,022 December 31, 2015 Segment Assets Goodwill Indefinite-Lived Definite-Lived Total Assets (In thousands) Match Group $ 329,269 $ 1,293,109 $ 243,697 $ 32,711 $ 1,898,786 HomeAdvisor 32,112 150,251 600 5,727 188,690 Publishing 390,951 277,192 59,805 7,849 735,797 Applications 108,997 447,242 60,600 7,964 624,803 Video 90,671 15,590 1,800 3,343 111,404 Other 64,550 61,980 13,635 3,097 143,262 Corporate (a) 1,485,949 — — — 1,485,949 Total $ 2,502,499 $ 2,245,364 $ 380,137 $ 60,691 $ 5,188,691 ________________________ (a) Corporate assets consist primarily of cash and cash equivalents, marketable securities and IAC's headquarters building.

CONSOLIDATED FINANCIAL STATEMEN

CONSOLIDATED FINANCIAL STATEMENT DETAILS	6 Months Ended
	Jun. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
CONSOLIDATED FINANCIAL STATEMENT DETAILS	CONSOLIDATED FINANCIAL STATEMENT DETAILS Other (expense) income, net consists of: Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 (In thousands) (Losses) gains on sale of businesses and investments $ (1,563 ) $ (42 ) $ 13,137 (a) $ 144 Foreign currency exchange gains (losses) 8,644 (1,311 ) 13,139 4,537 Interest income 1,116 1,242 2,762 2,473 Impairment on long-term investments (400 ) (500 ) (2,702 ) (500 ) Loss on bond redemption (1,714 ) — (3,113 ) — Loss on partial extinguishment of Match Group Term Loan (11,056 ) — (11,056 ) — Other (2,219 ) (1,027 ) (3,462 ) (1,304 ) Total $ (7,192 ) $ (1,638 ) $ 8,705 $ 5,350 ________________________ (a) Includes a gain of $12.0 million related to PriceRunner, which was sold on March 18, 2016 and a loss of $3.7 million related to ASKfm, which was sold on June 30, 2016. PriceRunner's full year 2015 revenue, operating income and Adjusted EBITDA were $32.3 million , $9.7 million and $13.0 million , respectively. Included in PriceRunner's operating income were $2.9 million of depreciation and $0.4 million of amortization of intangibles. ASKfm's full year 2015 revenue, operating loss and Adjusted EBITDA loss were $10.9 million , $9.1 million and $6.1 million , respectively. Included in ASKfm's operating loss were $2.0 million of amortization of intangibles and $1.0 million of depreciation.

SUPPLEMENTAL CASH FLOW INFORMAT

SUPPLEMENTAL CASH FLOW INFORMATION	6 Months Ended
	Jun. 30, 2016
Supplemental Cash Flow Elements [Abstract]
SUPPLEMENTAL CASH FLOW INFORMATION	SUPPLEMENTAL CASH FLOW INFORMATION Supplemental Disclosure of Non-Cash Transactions: The Company recorded acquisition-related contingent consideration liabilities of $27.1 million during the six months ended June 30, 2015 . See Note 6 for additional information on contingent consideration arrangements.

CONTINGENCIES

CONTINGENCIES	6 Months Ended
	Jun. 30, 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	6 Months Ended
	Jun. 30, 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 June 30, 2016 and December 31, 2015 and for the three and six months ended June 30, 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 June 30, 2016: IAC Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations IAC Consolidated (In thousands) Cash and cash equivalents $ 680,859 $ — $ 565,125 $ — $ 1,245,984 Marketable securities 79,208 — — — 79,208 Accounts receivable, net — 88,726 100,765 — 189,491 Other current assets 124,877 44,075 109,233 — 278,185 Intercompany receivables — 634,253 1,157,945 (1,792,198 ) — Property and equipment, net 5,190 193,923 107,886 — 306,999 Goodwill — 529,403 1,408,272 — 1,937,675 Intangible assets, net — 106,734 288,528 — 395,262 Investment in subsidiaries 3,520,513 597,981 — (4,118,494 ) — Other non-current assets 51,803 104,751 179,700 (109,036 ) 227,218 Total assets $ 4,462,450 $ 2,299,846 $ 3,917,454 $ (6,019,728 ) $ 4,660,022 Current portion of long-term debt $ 50,000 $ — $ — $ — $ 50,000 Accounts payable, trade 3,089 37,191 21,469 — 61,749 Other current liabilities 28,622 105,392 446,443 — 580,457 Long-term debt, net of current portion 440,471 — 1,214,788 — 1,655,259 Income taxes payable 445 3,937 28,701 — 33,083 Intercompany liabilities 1,792,198 — — (1,792,198 ) — Other long-term liabilities 333,175 18,671 99,310 (109,036 ) 342,120 Redeemable noncontrolling interests — — 38,421 — 38,421 IAC shareholders' equity 1,814,450 2,134,655 1,983,839 (4,118,494 ) 1,814,450 Noncontrolling interests — — 84,483 — 84,483 Total liabilities and shareholders' equity $ 4,462,450 $ 2,299,846 $ 3,917,454 $ (6,019,728 ) $ 4,660,022 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 33 115,280 134,764 — 250,077 Other current assets 30,813 46,128 97,345 — 174,286 Intercompany receivables — 637,324 963,146 (1,600,470 ) — Property and equipment, net 4,432 198,890 99,495 — 302,817 Goodwill — 776,569 1,468,795 — 2,245,364 Intangible assets, net — 135,817 305,011 — 440,828 Investment in subsidiaries 3,128,765 466,601 — (3,595,366 ) — Other non-current assets 84,368 11,258 174,038 (14,992 ) 254,672 Total assets $ 4,349,042 $ 2,387,867 $ 3,662,610 $ (5,210,828 ) $ 5,188,691 Current portion of long-term debt $ — $ — $ 40,000 $ — $ 40,000 Accounts payable, trade 4,711 42,104 40,068 — 86,883 Other current liabilities 62,833 140,077 438,753 — 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 83,848 (14,992 ) 413,283 Redeemable noncontrolling interests — — 30,391 — 30,391 IAC shareholders' equity 1,804,526 2,184,091 1,411,275 (3,595,366 ) 1,804,526 Noncontrolling interests — — 411,299 — 411,299 Total liabilities and shareholders' equity $ 4,349,042 $ 2,387,867 $ 3,662,610 $ (5,210,828 ) $ 5,188,691 Statement of operations for the three months ended June 30, 2016: IAC Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations IAC Consolidated (In thousands) Revenue $ — $ 322,969 $ 426,355 $ (3,885 ) $ 745,439 Operating costs and expenses: Cost of revenue (exclusive of depreciation shown separately below) 381 69,374 101,274 (632 ) 170,397 Selling and marketing expense 871 162,835 135,080 (3,261 ) 295,525 General and administrative expense 24,860 43,842 83,425 8 152,135 Product development expense 1,739 20,098 28,074 — 49,911 Depreciation 415 7,215 9,945 — 17,575 Amortization of intangibles — 27,098 9,877 — 36,975 Goodwill impairment — 253,245 22,122 — 275,367 Total operating costs and expenses 28,266 583,707 389,797 (3,885 ) 997,885 Operating (loss) income (28,266 ) (260,738 ) 36,558 — (252,446 ) Equity in losses of unconsolidated affiliates (150,210 ) (18,821 ) — 169,031 — Interest expense (6,996 ) — (20,648 ) — (27,644 ) Other (expense) income, net (18,989 ) 1,874 9,923 — (7,192 ) (Loss) earnings from continuing operations before income taxes (204,461 ) (277,685 ) 25,833 169,031 (287,282 ) Income tax benefit (provision) 9,686 93,393 (6,339 ) — 96,740 (Loss) earnings from continuing operations (194,775 ) (184,292 ) 19,494 169,031 (190,542 ) Earnings from discontinued operations, net of tax — — — — — Net (loss) earnings (194,775 ) (184,292 ) 19,494 169,031 (190,542 ) Net earnings attributable to noncontrolling interests — — (4,233 ) — (4,233 ) Net (loss) earnings attributable to IAC shareholders $ (194,775 ) $ (184,292 ) $ 15,261 $ 169,031 $ (194,775 ) Comprehensive (loss) income attributable to IAC shareholders $ (201,218 ) $ (171,896 ) $ 8,957 $ 162,939 $ (201,218 ) Statement of operations for the three months ended June 30, 2015: IAC Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations IAC Consolidated (In thousands) Revenue $ — $ 397,941 $ 376,079 $ (2,888 ) $ 771,132 Operating costs and expenses: Cost of revenue (exclusive of depreciation shown separately below) 294 81,348 96,514 (193 ) 177,963 Selling and marketing expense 1,010 204,791 121,611 (2,702 ) 324,710 General and administrative expense 33,942 39,149 56,251 7 129,349 Product development expense 2,330 20,974 23,126 — 46,430 Depreciation 426 6,755 8,319 — 15,500 Amortization of intangibles — 4,182 10,229 — 14,411 Total operating costs and expenses 38,002 357,199 316,050 (2,888 ) 708,363 Operating (loss) income (38,002 ) 40,742 60,029 — 62,769 Equity in earnings of unconsolidated affiliates 75,197 14,415 — (89,612 ) — Interest expense (12,992 ) (2,160 ) (62 ) — (15,214 ) Other (expense) income, net (7,506 ) 16,177 (10,309 ) — (1,638 ) Earnings from continuing operations before income taxes 16,697 69,174 49,658 (89,612 ) 45,917 Income tax benefit (provision) 42,761 (21,597 ) (9,196 ) — 11,968 Earnings from continuing operations 59,458 47,577 40,462 (89,612 ) 57,885 (Loss) earnings from discontinued operations, net of tax (153 ) — 3 (3 ) (153 ) Net earnings 59,305 47,577 40,465 (89,615 ) 57,732 Net loss attributable to noncontrolling interests — — 1,573 — 1,573 Net earnings attributable to IAC shareholders $ 59,305 $ 47,577 $ 42,038 $ (89,615 ) $ 59,305 Comprehensive income attributable to IAC shareholders $ 72,283 $ 48,886 $ 51,085 $ (99,971 ) $ 72,283 Statement of operations for the six months ended June 30, 2016: IAC Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations IAC Consolidated (In thousands) Revenue $ — $ 707,479 $ 863,902 $ (6,763 ) $ 1,564,618 Operating costs and expenses: Cost of revenue (exclusive of depreciation shown separately below) 592 142,191 222,591 (1,243 ) 364,131 Selling and marketing expense 1,760 371,606 310,036 (5,536 ) 677,866 General and administrative expense 43,833 83,714 160,814 16 288,377 Product development expense 3,118 44,516 58,107 — 105,741 Depreciation 852 14,188 18,330 — 33,370 Amortization of intangibles — 29,083 21,712 — 50,795 Goodwill impairment — 253,245 22,122 — 275,367 Total operating costs and expenses 50,155 938,543 813,712 (6,763 ) 1,795,647 Operating (loss) income (50,155 ) (231,064 ) 50,190 — (231,029 ) Equity in losses of unconsolidated affiliates (116,667 ) (10,961 ) — 127,628 — Interest expense (14,414 ) — (41,090 ) — (55,504 ) Other (expense) income, net (28,972 ) 5,978 31,699 — 8,705 (Loss) earnings from continuing operations before income taxes (210,208 ) (236,047 ) 40,799 127,628 (277,828 ) Income tax benefit (provision) 23,715 80,177 (8,672 ) — 95,220 (Loss) earnings from continuing operations (186,493 ) (155,870 ) 32,127 127,628 (182,608 ) Earnings from discontinued operations, net of tax — — — — — Net (loss) earnings (186,493 ) (155,870 ) 32,127 127,628 (182,608 ) Net earnings attributable to noncontrolling interests — — (3,885 ) — (3,885 ) Net (loss) earnings attributable to IAC shareholders $ (186,493 ) $ (155,870 ) $ 28,242 $ 127,628 $ (186,493 ) Comprehensive (loss) income attributable to IAC shareholders $ (172,928 ) $ (136,977 ) $ 37,659 $ 99,318 $ (172,928 ) Statement of operations for the six months ended June 30, 2015: IAC Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations IAC Consolidated (In thousands) Revenue $ — $ 812,355 $ 736,508 $ (5,219 ) $ 1,543,644 Operating costs and expenses: Cost of revenue (exclusive of depreciation shown separately below) 539 166,787 197,814 (440 ) 364,700 Selling and marketing expense 2,065 418,156 271,764 (4,793 ) 687,192 General and administrative expense 58,006 74,083 112,040 14 244,143 Product development expense 4,507 41,572 45,608 — 91,687 Depreciation 827 13,380 16,861 — 31,068 Amortization of intangibles — 8,363 18,603 — 26,966 Total operating costs and expenses 65,944 722,341 662,690 (5,219 ) 1,445,756 Operating (loss) income (65,944 ) 90,014 73,818 — 97,888 Equity in earnings of unconsolidated affiliates 137,931 2,868 — (140,799 ) — Interest expense (25,982 ) (3,198 ) (98 ) — (29,278 ) Other (expense) income, net (16,859 ) 25,633 (3,424 ) — 5,350 Earnings from continuing operations before income taxes 29,146 115,317 70,296 (140,799 ) 73,960 Income tax benefit (provision) 56,592 (44,375 ) (6,429 ) — 5,788 Earnings from continuing operations 85,738 70,942 63,867 (140,799 ) 79,748 (Loss) earnings from discontinued operations, net of tax (28 ) — 3 (3 ) (28 ) Net earnings 85,710 70,942 63,870 (140,802 ) 79,720 Net loss attributable to noncontrolling interests — — 5,990 — 5,990 Net earnings attributable to IAC shareholders $ 85,710 $ 70,942 $ 69,860 $ (140,802 ) $ 85,710 Comprehensive income attributable to IAC shareholders $ 43,115 $ 66,457 $ 22,172 $ (88,629 ) $ 43,115 Statement of cash flows for the six months ended June 30, 2016: IAC Guarantor Subsidiaries Non-Guarantor Subsidiaries IAC Consolidated (In thousands) Net cash (used in) provided by operating activities attributable to continuing operations $ (83,685 ) $ 76,888 $ 72,726 $ 65,929 Cash flows from investing activities attributable to continuing operations: Acquisitions, net of cash acquired — — (2,524 ) (2,524 ) Capital expenditures (299 ) (11,256 ) (23,578 ) (35,133 ) Purchase of time deposits — — (87,500 ) (87,500 ) Proceeds from maturities of time deposits — — 87,500 87,500 Proceeds from maturities and sales of marketable debt securities 32,500 — — 32,500 Purchases of marketable debt securities (79,366 ) — — (79,366 ) Purchases of investments — — (5,056 ) (5,056 ) Net proceeds from the sale of businesses and investments 10,000 — 93,735 103,735 Other, net — 158 4,657 4,815 Net cash (used in) provided by investing activities attributable to continuing operations (37,165 ) (11,098 ) 67,234 18,971 Cash flows from financing activities attributable to continuing operations: Purchase of treasury stock (214,635 ) — — (214,635 ) Proceeds from Match Group 2016 Senior Notes offering — — 400,000 400,000 Principal payments on Match Group Term Loan — — (410,000 ) (410,000 ) Debt issuance costs — — (4,621 ) (4,621 ) Repurchase of Senior Notes (61,110 ) — — (61,110 ) Issuance of IAC common stock pursuant to stock-based awards, net of withholding taxes (13,097 ) — — (13,097 ) Issuance of Match Group common stock pursuant to stock-based awards, net of withholding taxes — — 2,176 2,176 Excess tax benefits from stock-based awards 16,651 — 5,220 21,871 Purchase of noncontrolling interests (1,400 ) — (1,011 ) (2,411 ) Acquisition-related contingent consideration payments — (321 ) (1,829 ) (2,150 ) Increase in restricted cash related to bond redemptions (30,002 ) — — (30,002 ) Intercompany 31,974 (65,469 ) 33,495 — Other, net 275 — (763 ) (488 ) Net cash (used in) provided by financing activities attributable to continuing operations (271,344 ) (65,790 ) 22,667 (314,467 ) Total cash (used in) provided by continuing operations (392,194 ) — 162,627 (229,567 ) Effect of exchange rate changes on cash and cash equivalents — — (5,896 ) (5,896 ) Net (decrease) increase in cash and cash equivalents (392,194 ) — 156,731 (235,463 ) Cash and cash equivalents at beginning of period 1,073,053 — 408,394 1,481,447 Cash and cash equivalents at end of period $ 680,859 $ — $ 565,125 $ 1,245,984 Statement of cash flows for the six months ended June 30, 2015: IAC Guarantor Subsidiaries Non-Guarantor Subsidiaries IAC Consolidated (In thousands) Net cash (used in) provided by operating activities attributable to continuing operations $ (107,149 ) $ 129,741 $ 63,187 $ 85,779 Cash flows from investing activities attributable to continuing operations: Acquisitions, net of cash acquired — (2,574 ) (40,712 ) (43,286 ) Capital expenditures (988 ) (11,533 ) (14,295 ) (26,816 ) Proceeds from maturities and sales of marketable debt securities 14,613 — — 14,613 Purchases of marketable debt securities (93,134 ) — — (93,134 ) Purchases of investments — — (12,840 ) (12,840 ) Net proceeds from the sale of businesses and investments — — 6,203 6,203 Other, net 3,613 48 (1,265 ) 2,396 Net cash used in investing activities attributable to continuing operations (75,896 ) (14,059 ) (62,909 ) (152,864 ) Cash flows from financing activities attributable to continuing operations: Purchase of treasury stock (200,000 ) — — (200,000 ) Dividends (56,729 ) — — (56,729 ) Issuance of IAC common stock pursuant to stock-based awards, net of withholding taxes (20,656 ) — — (20,656 ) Excess tax benefits from stock-based awards 19,064 — 17,401 36,465 Purchase of noncontrolling interests — — (15,338 ) (15,338 ) Acquisition-related contingent consideration payments — (195 ) (5,510 ) (5,705 ) Intercompany 107,529 (115,487 ) 7,958 — Other, net 166 — 264 430 Net cash (used in) provided by financing activities attributable to continuing operations (150,626 ) (115,682 ) 4,775 (261,533 ) Total cash (used in) provided by continuing operations (333,671 ) — 5,053 (328,618 ) Total cash (used in) provided by discontinued operations (246 ) — 3 (243 ) Effect of exchange rate changes on cash and cash equivalents — — (5,135 ) (5,135 ) Net decrease in cash and cash equivalents (333,917 ) — (79 ) (333,996 ) Cash and cash equivalents at beginning of period 762,231 — 228,174 990,405 Cash and cash equivalents at end of period $ 428,314 $ — $ 228,095 $ 656,409

THE COMPANY AND SUMMARY OF SI23

THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 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; the determination of revenue reserves; the fair value of acquisition-related contingent consideration arrangements; 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. In March, April and May 2016, the FASB issued ASU 2016-08, ASU 2016-10 and ASU 2016-12, respectively, which provide further revenue recognition guidance related to principal versus agent considerations, performance obligations and licensing, and narrow-scope improvements and practical expedients. 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.

BUSINESS COMBINATION (Tables)

BUSINESS COMBINATION (Tables)	6 Months Ended
	Jun. 30, 2016
Business Combinations [Abstract]
Schedule of Estimated Fair Values of Assets Acquired and Liabilities Assumed	The table below summarizes the fair values of the assets acquired and liabilities assumed at the date of acquisition: (In thousands) Cash and cash equivalents $ 4,626 Other current assets 4,460 Computer and other equipment 2,990 Goodwill 488,644 Intangible assets 84,100 Other non-current assets 1,073 Total assets 585,893 Current liabilities (6,418 ) Other long-term liabilities (5,325 ) Net assets acquired $ 574,150
Schedule of Intangible Assets Acquired as Part of Business Combination	Intangible assets are as follows: (In thousands) Weighted-Average Useful Life (Years) Indefinite-lived trade name $ 66,300 Indefinite Customer relationships 10,100 Less than 1 New registrants 3,100 Less than 1 Non-compete agreement 3,000 5 Developed technology 1,600 2 Total intangible assets acquired $ 84,100
Schedule of Unaudited Pro Forma Financial Information	The unaudited pro forma financial information in the table below presents the combined results of the Company and PlentyOfFish as if the acquisition of PlentyOfFish had occurred on January 1, 2015. The pro forma financial information includes adjustments required under the acquisition method of accounting and is presented for informational purposes only and is not necessarily indicative of what the results would have been had the acquisition actually occurred on January 1, 2015. For the three and six months ended June 30, 2015 , pro forma adjustments reflected below include decreases to revenue of $1.7 million and $8.3 million , respectively, related to the write-off of deferred revenue at the date of acquisition and increases of $5.2 million and $9.0 million , respectively, in amortization of intangible assets. Three Months Ended June 30, 2015 Six Months Ended June 30, 2015 (In thousands, except per share data) Revenue $ 790,486 $ 1,575,155 Net earnings attributable to IAC shareholders $ 62,746 $ 89,947 Basic earnings per share attributable to IAC shareholders $ 0.76 $ 1.08 Diluted earnings per share attributable to IAC shareholders $ 0.72 $ 1.02

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS (Tables)	6 Months Ended
	Jun. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill and Intangible Assets, Net	Goodwill and intangible assets, net are as follows: June 30, December 31, 2016 2015 (In thousands) Goodwill $ 1,937,675 $ 2,245,364 Intangible assets with indefinite lives 336,078 380,137 Intangible assets with definite lives, net 59,184 60,691 Total goodwill and intangible assets, net $ 2,332,937 $ 2,686,192
Schedule of Goodwill by Reporting Unit	The following table presents the balance of goodwill by reportable segment, including the changes in the carrying value of goodwill, for the six months ended June 30, 2016 : Balance at Additions Deductions Impairment Foreign Balance at (In thousands) Match Group $ 1,293,109 $ 603 $ (2,983 ) $ — $ 16,448 $ 1,307,177 HomeAdvisor 150,251 — — — 103 150,354 Publishing 277,192 — (1,968 ) (275,367 ) 143 — Applications 447,242 — — — — 447,242 Video 15,590 9,649 — — — 25,239 Other 61,980 — (55,117 ) — 800 7,663 Total $ 2,245,364 $ 10,252 $ (60,068 ) $ (275,367 ) $ 17,494 $ 1,937,675 The following table presents the balance of goodwill by reportable segment, including the changes in the carrying value of goodwill, for the year ended December 31, 2015: Balance at Additions Impairment Foreign Allocation of IAC's former Search & Applications Segment Goodwill Based on Relative Fair Value Balance at (In thousands) Search & Applications (a) $ 774,822 $ 1,450 $ — $ (1,230 ) $ (775,042 ) $ — Match Group 791,474 547,910 — (46,275 ) — 1,293,109 HomeAdvisor 151,321 — — (1,070 ) — 150,251 Publishing — 3,504 — 963 272,725 277,192 Applications — — — — 447,242 447,242 Video 15,590 — — — — 15,590 Other 21,719 — (14,056 ) (758 ) 55,075 61,980 Total $ 1,754,926 $ 552,864 $ (14,056 ) $ (48,370 ) $ — $ 2,245,364 ________________________ (a) Prior to the fourth quarter of 2015, Search & Applications was a reportable segment consisting of one operating segment and one reporting unit. In the fourth quarter of 2015, Search &Applications was split into three new operating segments and reporting units: Publishing, Applications and PriceRunner (included in the Other segment). The goodwill of Search & Applications was allocated to these three reporting units based upon their relative fair values as of October 1, 2015. It is not possible to reflect this allocation on a retrospective basis because of acquisitions and dispositions during the three years in the period ended December 31, 2015.
Schedule of Intangible Assets with Definite Lives	At June 30, 2016 and December 31, 2015 , intangible assets with definite lives are as follows: June 30, 2016 Gross Accumulated Net Weighted-Average (In thousands) Trade names $ 65,746 $ (42,385 ) $ 23,361 3.2 Content 62,082 (53,228 ) 8,854 4.1 Technology 56,474 (39,205 ) 17,269 3.3 Customer lists 28,443 (22,709 ) 5,734 2.2 Advertiser and supplier relationships and other 10,346 (6,380 ) 3,966 4.3 Total $ 223,091 $ (163,907 ) $ 59,184 3.4 December 31, 2015 Gross Accumulated Net Weighted-Average (In thousands) Content $ 62,082 $ (48,937 ) $ 13,145 4.1 Technology 55,487 (37,012 ) 18,475 3.2 Trade names 32,123 (26,268 ) 5,855 2.5 Customer lists 28,836 (13,078 ) 15,758 2.1 Advertiser and supplier relationships and other 15,709 (8,251 ) 7,458 4.2 Total $ 194,237 $ (133,546 ) $ 60,691 3.3
Schedule of Expected Amortization of Intangible Assets	At June 30, 2016 , amortization of intangible assets with definite lives for each of the next five years is estimated to be as follows: For the twelve months ending June 30, (In thousands) 2017 $ 32,581 2018 14,896 2019 7,044 2020 4,463 2021 200 Total $ 59,184

MARKETABLE SECURITIES (Tables)

MARKETABLE SECURITIES (Tables)	6 Months Ended
	Jun. 30, 2016
Marketable Securities [Abstract]
Schedule of Current Available-for-Sale Marketable Securities	At June 30, 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 $ 29,614 $ 45 $ (15 ) $ 29,644 Treasury discount notes 44,949 23 — 44,972 Total debt securities 74,563 68 (15 ) 74,616 Equity security 4,385 207 — 4,592 Total marketable securities $ 78,948 $ 275 $ (15 ) $ 79,208 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 June 30, 2016 are as follows: Amortized Cost Fair Value (In thousands) Due in one year or less $ 69,536 $ 69,551 Due after one year through five years 5,027 5,065 Total $ 74,563 $ 74,616
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 June 30, Six Months Ended June 30, 2016 2015 2016 2015 (In thousands) Proceeds from maturities and sales of available-for-sale marketable securities $ 44,216 $ 8,563 $ 54,216 $ 14,613 Gross realized gains 3,125 5 3,125 5

FAIR VALUE MEASUREMENTS AND F27

FAIR VALUE MEASUREMENTS AND FINANCIAL INSTRUMENTS (Tables)	6 Months Ended
	Jun. 30, 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: June 30, 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 $ 523,659 $ — $ — $ 523,659 Time deposits — 125,192 — 125,192 Treasury discount notes 62,496 — — 62,496 Commercial paper — 93,989 — 93,989 Marketable securities: Corporate debt securities — 29,644 — 29,644 Treasury discount notes 44,972 — — 44,972 Equity security 4,592 — — 4,592 Total $ 635,719 $ 248,825 $ — $ 884,544 Liabilities: Contingent consideration arrangements $ — $ — $ (45,526 ) $ (45,526 ) 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 tables present the changes in the Company's financial instruments that are measured at fair value on a recurring basis using significant unobservable inputs (Level 3): Three Months Ended June 30, 2016 2015 Contingent Consideration Arrangements Auction Rate Security Contingent Consideration Arrangements (In thousands) Balance at April 1 $ (37,243 ) $ 6,190 $ (20,964 ) Total net (losses) gains: Included in earnings: Fair value adjustments (6,801 ) — 9,950 Foreign currency exchange losses — — (4 ) Included in other comprehensive (loss) income (3,375 ) 440 384 Fair value at date of acquisition 55 — (26,749 ) Settlements 1,838 — 5,525 Balance at June 30 $ (45,526 ) $ 6,630 $ (31,858 ) Six Months Ended June 30, 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 (losses) gains: Included in earnings: Fair value adjustments — (10,470 ) — 16,946 Foreign currency exchange gains — — — 626 Included in other comprehensive income (loss) 5,950 (5,281 ) 560 2,117 Fair value at date of acquisition 1,948 — (27,112 ) Settlements — 2,150 — 5,705 Proceeds from sale (10,000 ) — — — Balance at June 30 $ — $ (45,526 ) $ 6,630 $ (31,858 )
Schedule of Changes in Liabilities Measured at Fair Value on a Recurring Basis Using Significant Unobservable Inputs (Level 3)	The following tables present the changes in the Company's financial instruments that are measured at fair value on a recurring basis using significant unobservable inputs (Level 3): Three Months Ended June 30, 2016 2015 Contingent Consideration Arrangements Auction Rate Security Contingent Consideration Arrangements (In thousands) Balance at April 1 $ (37,243 ) $ 6,190 $ (20,964 ) Total net (losses) gains: Included in earnings: Fair value adjustments (6,801 ) — 9,950 Foreign currency exchange losses — — (4 ) Included in other comprehensive (loss) income (3,375 ) 440 384 Fair value at date of acquisition 55 — (26,749 ) Settlements 1,838 — 5,525 Balance at June 30 $ (45,526 ) $ 6,630 $ (31,858 ) Six Months Ended June 30, 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 (losses) gains: Included in earnings: Fair value adjustments — (10,470 ) — 16,946 Foreign currency exchange gains — — — 626 Included in other comprehensive income (loss) 5,950 (5,281 ) 560 2,117 Fair value at date of acquisition 1,948 — (27,112 ) Settlements — 2,150 — 5,705 Proceeds from sale (10,000 ) — — — Balance at June 30 $ — $ (45,526 ) $ 6,630 $ (31,858 )
Carrying Value and the Fair Value of Financial Instruments Measured at Fair Value Only for Disclosure Purposes	The following table presents the carrying value and the fair value of financial instruments measured at fair value only for disclosure purposes: June 30, 2016 December 31, 2015 Carrying Fair Carrying Fair (In thousands) Current portion of long-term debt $ (50,000 ) $ (52,025 ) $ (40,000 ) $ (39,850 ) Long-term debt, net of current portion (1,655,259 ) (1,722,286 ) (1,726,954 ) (1,761,601 )

LONG-TERM DEBT (Tables)

LONG-TERM DEBT (Tables)	6 Months Ended
	Jun. 30, 2016
Debt Disclosure [Abstract]
Schedule of Long-term Debt	Long-term debt consists of: June 30, 2016 December 31, 2015 (In thousands) Match Group Debt: 6.375% Senior Notes due June 1, 2024 (the "2016 Match Group Senior Notes"); interest payable each June 1 and December 1, which commences December 1, 2016 $ 400,000 $ — 6.75% Senior Notes due December 15, 2022 (the "2015 Match Group Senior Notes"); interest payable each June 15 and December 15, which commenced June 15, 2016 445,172 445,172 Match Group Term Loan due November 16, 2022 (a) 390,000 800,000 Total Match Group long-term debt 1,235,172 1,245,172 Less: Current maturities of Match Group long-term debt — 40,000 Less: Unamortized original issue discount and original issue premium, net 5,308 11,691 Less: Unamortized debt issuance costs 15,076 16,610 Total Match Group debt, net of current maturities 1,214,788 1,176,871 IAC Debt: 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 445,003 500,000 4.75% Senior Notes due December 15, 2022 (the "2012 Senior Notes"); interest payable each June 15 and December 15, which commenced June 15, 2013 48,619 54,732 Total IAC long-term debt 493,622 554,732 Less: Current portion of IAC long-term debt 50,000 — Less: Unamortized debt issuance costs 3,151 4,649 Total IAC debt, net of current portion 440,471 550,083 Total long-term debt, net of current portion $ 1,655,259 $ 1,726,954 ________________________ (a) T he Match Group Term Loan matures on November 16, 2022; provided that, if any of the 2015 Match Group Senior Notes remain outstanding on the date that is 91 days prior to the maturity date of the 2015 Match Group Senior Notes, the Match Group Term Loan maturity date shall be the date that is 91 days prior to the maturity date of the 2015 Match Group Senior Notes.
Schedule of Debt Instrument Redemption	Thereafter, these notes may be redeemed at the redemption prices set forth below, together with accrued and unpaid interest thereon to the applicable redemption date, if redeemed during the twelve-month period beginning on June 1 of the years indicated below: Year Percentage 2019 104.781 % 2020 103.188 % 2021 101.594 % 2022 and thereafter 100.000 %

ACCUMULATED OTHER COMPREHENSI29

ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)	6 Months Ended
	Jun. 30, 2016
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Loss (Income)	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 June 30, 2016 Foreign Currency Translation Adjustment Unrealized Gains (Losses) On Available-For-Sale Securities Accumulated Other Comprehensive Loss (In thousands) Balance as of April 1 $ (118,485 ) $ 7,521 $ (110,964 ) Other comprehensive loss before reclassifications, net of tax benefit of $0.5 million related to unrealized losses on available-for-sale securities (5,588 ) (683 ) (6,271 ) Amounts reclassified to earnings 2,461 (2,633 ) (a) (172 ) Net current period other comprehensive loss (3,127 ) (3,316 ) (6,443 ) Balance as of June 30 $ (121,612 ) $ 4,205 $ (117,407 ) ________________________ (a) Amount is net of a tax provision of less than $0.1 million . Three Months Ended June 30, 2015 Foreign Currency Translation Adjustment Unrealized (Losses) Gains On Available-For-Sale Securities Accumulated Other Comprehensive (Loss) Income (In thousands) Balance as of April 1 $ (143,182 ) $ (91 ) $ (143,273 ) Other comprehensive income, net of tax benefit of $0.2 million related to unrealized losses on available-for-sale securities 9,287 3,528 12,815 Amounts reclassified to earnings related to unrealized losses on available-for-sale securities, net of a tax benefit of $0.1 million — 163 163 Net current period other comprehensive income 9,287 3,691 12,978 Balance as of June 30 $ (133,895 ) $ 3,600 $ (130,295 ) Six Months Ended June 30, 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 $0.8 million related to unrealized losses on available-for-sale securities 1,594 4,754 6,348 Amounts reclassified to earnings 9,850 (2,633 ) (b) 7,217 Net current period other comprehensive income 11,444 2,121 13,565 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 June 30 $ (121,612 ) $ 4,205 $ (117,407 ) ________________________ (b) Amount is net of a tax provision of less than $0.1 million . Six Months Ended June 30, 2015 Foreign Currency Translation Adjustment Unrealized (Losses) Gains On Available-For-Sale Securities Accumulated Other Comprehensive (Loss) Income (In thousands) Balance as of January 1 $ (86,848 ) $ (852 ) $ (87,700 ) Other comprehensive (loss) income, net of tax benefit of $0.3 million related to unrealized losses on available-for-sale securities (47,047 ) 4,289 (42,758 ) Amounts reclassified to earnings related to unrealized losses on available-for-sale securities, net of a tax benefit of $0.1 million — $ 163 163 Net current period other comprehensive (loss) income (47,047 ) 4,452 (42,595 ) Balance as of June 30 $ (133,895 ) $ 3,600 $ (130,295 )

(LOSS) EARNINGS PER SHARE (Tabl

(LOSS) EARNINGS PER SHARE (Tables)	6 Months Ended
	Jun. 30, 2016
Earnings Per Share [Abstract]
Computation of Basic and Diluted (Loss) Earnings Per Share	The following tables set forth the computation of basic and diluted (loss) earnings per share attributable to IAC shareholders. Three Months Ended June 30, 2016 2015 Basic Diluted Basic Diluted (In thousands, except per share data) Numerator: (Loss) earnings from continuing operations $ (190,542 ) $ (190,542 ) $ 57,885 $ 57,885 Net (earnings) loss attributable to noncontrolling interests (4,233 ) (4,233 ) 1,573 1,573 Impact from Match Group's dilutive securities (a)(b) — — — — (Loss) earnings from continuing operations attributable to IAC shareholders (194,775 ) (194,775 ) 59,458 59,458 Loss from discontinued operations attributable to IAC shareholders — — (153 ) (153 ) Net (loss) earnings attributable to IAC shareholders $ (194,775 ) $ (194,775 ) $ 59,305 $ 59,305 Denominator: Weighted average basic shares outstanding 79,523 79,523 82,416 82,416 Dilutive securities including subsidiary denominated equity, stock options and RSUs (c)(d) — — — 4,674 Denominator for earnings per share—weighted average shares (c)(d) 79,523 79,523 82,416 87,090 (Loss) earnings per share attributable to IAC shareholders: (Loss) earnings per share from continuing operations $ (2.45 ) $ (2.45 ) $ 0.72 $ 0.68 Discontinued operations — — — — (Loss) earnings per share $ (2.45 ) $ (2.45 ) $ 0.72 $ 0.68 Six Months Ended June 30, 2016 2015 Basic Diluted Basic Diluted (In thousands, except per share data) Numerator: (Loss) earnings from continuing operations $ (182,608 ) $ (182,608 ) $ 79,748 $ 79,748 Net (earnings) loss attributable to noncontrolling interests (3,885 ) (3,885 ) 5,990 5,990 Impact from Match Group's dilutive securities (a)(b) — — — — (Loss) earnings from continuing operations attributable to IAC shareholders (186,493 ) (186,493 ) 85,738 85,738 Loss from discontinued operations attributable to IAC shareholders — — (28 ) (28 ) Net (loss) earnings attributable to IAC shareholders $ (186,493 ) $ (186,493 ) $ 85,710 $ 85,710 Denominator: Weighted average basic shares outstanding 80,775 80,775 82,932 82,932 Dilutive securities including subsidiary denominated equity, stock options and RSUs (c)(d) — — — 4,989 Denominator for earnings per share—weighted average shares (c)(d) 80,775 80,775 82,932 87,921 (Loss) earnings per share attributable to IAC shareholders: (Loss) earnings per share from continuing operations $ (2.31 ) $ (2.31 ) $ 1.03 $ 0.98 Discontinued operations — — — (0.01 ) (Loss) earnings per share $ (2.31 ) $ (2.31 ) $ 1.03 $ 0.97 ________________________ (a) The impact on earnings of Match Group's dilutive securities is not applicable for the three and six months ended June 30, 2015 as it was a wholly-owned subsidiary of the Company until its IPO on November 24, 2015. (b) For the three and six months ended June 30, 2016 , the impact on earnings related to Match Group's dilutive securities under the if-converted method are excluded as the impact is anti-dilutive. (c) For the three and six months ended June 30, 2016 , the Company had a loss from continuing operations and as a result, approximately 10.1 million potentially dilutive securities were excluded from computing dilutive earnings per share because the impact would have been anti-dilutive. Accordingly, the weighted average basic shares outstanding were used to compute all earnings per share amounts. (d) 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 and stock options and vesting of restricted stock units ("RSUs"). For the three and six months ended June 30, 2015 , 1.0 million and 1.2 million potentially dilutive securities, respectively, are excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive.

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	6 Months Ended
	Jun. 30, 2016
Segment Reporting [Abstract]
Schedule of Segment Reporting Information	Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 (In thousands) Revenue: Match Group $ 301,119 $ 248,817 $ 586,402 $ 483,886 HomeAdvisor 130,173 94,150 241,662 169,994 Publishing 85,291 154,447 251,293 333,472 Applications 143,157 190,801 302,953 388,268 Video 47,311 40,720 102,406 87,192 Other 38,484 42,318 80,116 81,171 Inter-segment eliminations (96 ) (121 ) (214 ) (339 ) Total $ 745,439 $ 771,132 $ 1,564,618 $ 1,543,644 Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 (In thousands) Operating Income (Loss): Match Group $ 73,668 $ 40,522 $ 102,856 $ 67,562 HomeAdvisor 11,910 1,589 13,824 (2,408 ) Publishing (316,934 ) 10,160 (310,158 ) 29,536 Applications 18,921 52,631 46,599 91,537 Video (5,039 ) (10,457 ) (22,524 ) (30,926 ) Other (1,686 ) (399 ) (1,788 ) (940 ) Corporate (33,286 ) (31,277 ) (59,838 ) (56,473 ) Total $ (252,446 ) $ 62,769 $ (231,029 ) $ 97,888 Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 (In thousands) Adjusted EBITDA: (a) Match Group $ 100,120 $ 63,448 $ 164,706 $ 96,698 HomeAdvisor 15,016 4,700 19,982 3,864 Publishing (11,845 ) 17,337 (431 ) 43,990 Applications 29,082 49,095 60,140 94,644 Video (3,975 ) (12,135 ) (20,876 ) (31,841 ) Other (944 ) 878 115 1,600 Corporate (15,418 ) (14,644 ) (25,714 ) (25,119 ) Total $ 112,036 $ 108,679 $ 197,922 $ 183,836 June 30, 2016 December 31, 2015 (In thousands) Segment Assets: (b) Match Group $ 411,832 $ 329,269 HomeAdvisor 51,937 32,112 Publishing 457,116 390,951 Applications 94,192 108,997 Video 92,268 90,671 Other 26,229 64,550 Corporate 1,193,511 1,485,949 Total $ 2,327,085 $ 2,502,499 ________________________ (a) The Company's primary financial measure is Adjusted EBITDA, which is defined as operating income excluding: (1) stock-based compensation expense; (2) depreciation; and (3) acquisition-related items consisting of (i) amortization of intangible assets and impairments of goodwill and intangible assets, if applicable, and (ii) gains and losses recognized on changes in the fair value of contingent consideration arrangements. The Company believes this measure is useful for analysts and investors as this measure allows a more meaningful comparison between our performance and that of our competitors. Moreover, our management uses this measure internally to evaluate the performance of our business as a whole and our individual business segments. 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. (b) Consistent with the Company's primary metric (described in (a) above), the Company excludes, if applicable, goodwill and intangible assets from the measure of segment assets presented above.
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 June 30, Six Months Ended June 30, 2016 2015 2016 2015 (In thousands) Revenue: United States $ 549,725 $ 566,224 $ 1,154,216 $ 1,136,237 All other countries 195,714 204,908 410,402 407,407 Total $ 745,439 $ 771,132 $ 1,564,618 $ 1,543,644 June 30, December 31, (In thousands) Long-lived assets (excluding goodwill and intangible assets): United States $ 283,208 $ 279,913 All other countries 23,791 22,904 Total $ 306,999 $ 302,817
Schedule of Reconciliation of Adjusted EBITDA to Operating Income (Loss) for the Entity's Reportable Segments	The following tables reconcile operating income (loss) for the Company's reportable segments and net earnings attributable to IAC shareholders to Adjusted EBITDA: Three Months Ended June 30, 2016 Operating Income (Loss) Stock-Based Compensation Expense Depreciation Amortization of Intangibles Acquisition-related Contingent Consideration Fair Value Adjustments Goodwill Impairment Adjusted EBITDA (In thousands) Match Group $ 73,668 $ 12,698 $ 8,090 $ 6,419 $ (755 ) $ — $ 100,120 HomeAdvisor 11,910 408 1,925 773 — — 15,016 Publishing (316,934 ) — 2,148 27,574 — 275,367 (11,845 ) Applications 18,921 — 1,082 1,523 7,556 — 29,082 Video (5,039 ) — 477 587 — — (3,975 ) Other (1,686 ) — 643 99 — — (944 ) Corporate (33,286 ) 14,658 3,210 — — — (15,418 ) Total (252,446 ) $ 27,764 $ 17,575 $ 36,975 $ 6,801 $ 275,367 $ 112,036 Interest expense (27,644 ) Other expense, net (7,192 ) Loss from continuing operations before income taxes (287,282 ) Income tax benefit 96,740 Loss from continuing operations (190,542 ) Loss from discontinued operations, net of tax — Net loss (190,542 ) Net earnings attributable to noncontrolling interests (4,233 ) Net loss attributable to IAC shareholders $ (194,775 ) Three Months Ended June 30, 2015 Operating Income (Loss) Stock-Based Compensation Expense Depreciation Amortization of Intangibles Acquisition-related Contingent Consideration Fair Value Adjustments Adjusted EBITDA (In thousands) Match Group $ 40,522 $ 11,626 $ 6,622 $ 5,901 $ (1,223 ) $ 63,448 HomeAdvisor 1,589 420 1,589 1,102 — 4,700 Publishing 10,160 — 2,423 4,754 — 17,337 Applications 52,631 — 1,188 1,573 (6,297 ) 49,095 Video (10,457 ) 147 226 379 (2,430 ) (12,135 ) Other (399 ) — 575 702 — 878 Corporate (31,277 ) 13,756 2,877 — — (14,644 ) Total 62,769 $ 25,949 $ 15,500 $ 14,411 $ (9,950 ) $ 108,679 Interest expense (15,214 ) Other expense, net (1,638 ) Earnings from continuing operations before income taxes 45,917 Income tax benefit 11,968 Earnings from continuing operations 57,885 Loss from discontinued operations, net of tax (153 ) Net earnings 57,732 Net loss attributable to noncontrolling interests 1,573 Net earnings attributable to IAC shareholders $ 59,305 Six Months Ended June 30, 2016 Operating Income (Loss) Stock-Based Compensation Expense Depreciation Amortization of Intangibles Acquisition-related Contingent Consideration Fair Value Adjustments Goodwill Impairment Adjusted EBITDA (In thousands) Match Group $ 102,856 $ 30,196 $ 14,577 $ 14,671 $ 2,406 $ — $ 164,706 HomeAdvisor 13,824 815 3,798 1,545 — — 19,982 Publishing (310,158 ) — 4,337 30,023 — 275,367 (431 ) Applications 46,599 — 2,231 3,054 8,256 — 60,140 Video (22,524 ) — 875 965 (192 ) — (20,876 ) Other (1,788 ) — 1,366 537 — — 115 Corporate (59,838 ) 27,938 6,186 — — — (25,714 ) Total (231,029 ) $ 58,949 $ 33,370 $ 50,795 $ 10,470 $ 275,367 $ 197,922 Interest expense (55,504 ) Other income, net 8,705 Loss from continuing operations before income taxes (277,828 ) Income tax benefit 95,220 Loss from continuing operations (182,608 ) Loss from discontinued operations, net of tax — Net loss (182,608 ) Net earnings attributable to noncontrolling interests (3,885 ) Net loss attributable to IAC shareholders $ (186,493 ) Six Months Ended June 30, 2015 Operating Income (Loss) Stock-Based Compensation Expense Depreciation Amortization of Intangibles Acquisition-related Contingent Consideration Fair Value Adjustments Adjusted EBITDA (In thousands) Match Group $ 67,562 $ 17,925 $ 13,667 $ 9,778 $ (12,234 ) $ 96,698 HomeAdvisor (2,408 ) 840 3,140 2,292 — 3,864 Publishing 29,536 — 4,930 9,524 — 43,990 Applications 91,537 — 2,230 3,154 (2,277 ) 94,644 Video (30,926 ) 294 424 802 (2,435 ) (31,841 ) Other (940 ) — 1,124 1,416 — 1,600 Corporate (56,473 ) 25,801 5,553 — — (25,119 ) Total 97,888 $ 44,860 $ 31,068 $ 26,966 $ (16,946 ) $ 183,836 Interest expense (29,278 ) Other income, net 5,350 Earnings from continuing operations before income taxes 73,960 Income tax benefit 5,788 Earnings from continuing operations 79,748 Loss from discontinued operations, net of tax (28 ) Net earnings 79,720 Net loss attributable to noncontrolling interests 5,990 Net earnings attributable to IAC shareholders $ 85,710
Schedule of Reconciliation of Segment Assets to Total Assets	The following tables reconcile segment assets to total assets: June 30, 2016 Segment Assets Goodwill Indefinite-Lived Definite-Lived Total Assets (In thousands) Match Group $ 411,832 $ 1,307,177 $ 246,894 $ 18,241 $ 1,984,144 HomeAdvisor 51,937 150,354 600 4,193 207,084 Publishing 457,116 — 15,004 24,362 496,482 Applications 94,192 447,242 60,600 4,910 606,944 Video 92,268 25,239 1,800 7,378 126,685 Other 26,229 7,663 11,180 100 45,172 Corporate (a) 1,193,511 — — — 1,193,511 Total $ 2,327,085 $ 1,937,675 $ 336,078 $ 59,184 $ 4,660,022 December 31, 2015 Segment Assets Goodwill Indefinite-Lived Definite-Lived Total Assets (In thousands) Match Group $ 329,269 $ 1,293,109 $ 243,697 $ 32,711 $ 1,898,786 HomeAdvisor 32,112 150,251 600 5,727 188,690 Publishing 390,951 277,192 59,805 7,849 735,797 Applications 108,997 447,242 60,600 7,964 624,803 Video 90,671 15,590 1,800 3,343 111,404 Other 64,550 61,980 13,635 3,097 143,262 Corporate (a) 1,485,949 — — — 1,485,949 Total $ 2,502,499 $ 2,245,364 $ 380,137 $ 60,691 $ 5,188,691 ________________________ (a) Corporate assets consist primarily of cash and cash equivalents, marketable securities and IAC's headquarters building.

CONSOLIDATED FINANCIAL STATEM32

CONSOLIDATED FINANCIAL STATEMENT DETAILS (Tables)	6 Months Ended
	Jun. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Other Income (Expense), Net	Other (expense) income, net consists of: Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 (In thousands) (Losses) gains on sale of businesses and investments $ (1,563 ) $ (42 ) $ 13,137 (a) $ 144 Foreign currency exchange gains (losses) 8,644 (1,311 ) 13,139 4,537 Interest income 1,116 1,242 2,762 2,473 Impairment on long-term investments (400 ) (500 ) (2,702 ) (500 ) Loss on bond redemption (1,714 ) — (3,113 ) — Loss on partial extinguishment of Match Group Term Loan (11,056 ) — (11,056 ) — Other (2,219 ) (1,027 ) (3,462 ) (1,304 ) Total $ (7,192 ) $ (1,638 ) $ 8,705 $ 5,350 ________________________ (a) Includes a gain of $12.0 million related to PriceRunner, which was sold on March 18, 2016 and a loss of $3.7 million related to ASKfm, which was sold on June 30, 2016. PriceRunner's full year 2015 revenue, operating income and Adjusted EBITDA were $32.3 million , $9.7 million and $13.0 million , respectively. Included in PriceRunner's operating income were $2.9 million of depreciation and $0.4 million of amortization of intangibles. ASKfm's full year 2015 revenue, operating loss and Adjusted EBITDA loss were $10.9 million , $9.1 million and $6.1 million , respectively. Included in ASKfm's operating loss were $2.0 million of amortization of intangibles and $1.0 million of depreciation.

GUARANTOR AND NON-GUARANTOR F33

GUARANTOR AND NON-GUARANTOR FINANCIAL INFORMATION (Tables)	6 Months Ended
	Jun. 30, 2016
Guarantor and Nonguarantor Financial Statements [Abstract]
Schedule of Condensed Balance Sheet	Balance sheet at June 30, 2016: IAC Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations IAC Consolidated (In thousands) Cash and cash equivalents $ 680,859 $ — $ 565,125 $ — $ 1,245,984 Marketable securities 79,208 — — — 79,208 Accounts receivable, net — 88,726 100,765 — 189,491 Other current assets 124,877 44,075 109,233 — 278,185 Intercompany receivables — 634,253 1,157,945 (1,792,198 ) — Property and equipment, net 5,190 193,923 107,886 — 306,999 Goodwill — 529,403 1,408,272 — 1,937,675 Intangible assets, net — 106,734 288,528 — 395,262 Investment in subsidiaries 3,520,513 597,981 — (4,118,494 ) — Other non-current assets 51,803 104,751 179,700 (109,036 ) 227,218 Total assets $ 4,462,450 $ 2,299,846 $ 3,917,454 $ (6,019,728 ) $ 4,660,022 Current portion of long-term debt $ 50,000 $ — $ — $ — $ 50,000 Accounts payable, trade 3,089 37,191 21,469 — 61,749 Other current liabilities 28,622 105,392 446,443 — 580,457 Long-term debt, net of current portion 440,471 — 1,214,788 — 1,655,259 Income taxes payable 445 3,937 28,701 — 33,083 Intercompany liabilities 1,792,198 — — (1,792,198 ) — Other long-term liabilities 333,175 18,671 99,310 (109,036 ) 342,120 Redeemable noncontrolling interests — — 38,421 — 38,421 IAC shareholders' equity 1,814,450 2,134,655 1,983,839 (4,118,494 ) 1,814,450 Noncontrolling interests — — 84,483 — 84,483 Total liabilities and shareholders' equity $ 4,462,450 $ 2,299,846 $ 3,917,454 $ (6,019,728 ) $ 4,660,022 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 33 115,280 134,764 — 250,077 Other current assets 30,813 46,128 97,345 — 174,286 Intercompany receivables — 637,324 963,146 (1,600,470 ) — Property and equipment, net 4,432 198,890 99,495 — 302,817 Goodwill — 776,569 1,468,795 — 2,245,364 Intangible assets, net — 135,817 305,011 — 440,828 Investment in subsidiaries 3,128,765 466,601 — (3,595,366 ) — Other non-current assets 84,368 11,258 174,038 (14,992 ) 254,672 Total assets $ 4,349,042 $ 2,387,867 $ 3,662,610 $ (5,210,828 ) $ 5,188,691 Current portion of long-term debt $ — $ — $ 40,000 $ — $ 40,000 Accounts payable, trade 4,711 42,104 40,068 — 86,883 Other current liabilities 62,833 140,077 438,753 — 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 83,848 (14,992 ) 413,283 Redeemable noncontrolling interests — — 30,391 — 30,391 IAC shareholders' equity 1,804,526 2,184,091 1,411,275 (3,595,366 ) 1,804,526 Noncontrolling interests — — 411,299 — 411,299 Total liabilities and shareholders' equity $ 4,349,042 $ 2,387,867 $ 3,662,610 $ (5,210,828 ) $ 5,188,691
Schedule of Condensed Income Statement	Statement of operations for the three months ended June 30, 2016: IAC Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations IAC Consolidated (In thousands) Revenue $ — $ 322,969 $ 426,355 $ (3,885 ) $ 745,439 Operating costs and expenses: Cost of revenue (exclusive of depreciation shown separately below) 381 69,374 101,274 (632 ) 170,397 Selling and marketing expense 871 162,835 135,080 (3,261 ) 295,525 General and administrative expense 24,860 43,842 83,425 8 152,135 Product development expense 1,739 20,098 28,074 — 49,911 Depreciation 415 7,215 9,945 — 17,575 Amortization of intangibles — 27,098 9,877 — 36,975 Goodwill impairment — 253,245 22,122 — 275,367 Total operating costs and expenses 28,266 583,707 389,797 (3,885 ) 997,885 Operating (loss) income (28,266 ) (260,738 ) 36,558 — (252,446 ) Equity in losses of unconsolidated affiliates (150,210 ) (18,821 ) — 169,031 — Interest expense (6,996 ) — (20,648 ) — (27,644 ) Other (expense) income, net (18,989 ) 1,874 9,923 — (7,192 ) (Loss) earnings from continuing operations before income taxes (204,461 ) (277,685 ) 25,833 169,031 (287,282 ) Income tax benefit (provision) 9,686 93,393 (6,339 ) — 96,740 (Loss) earnings from continuing operations (194,775 ) (184,292 ) 19,494 169,031 (190,542 ) Earnings from discontinued operations, net of tax — — — — — Net (loss) earnings (194,775 ) (184,292 ) 19,494 169,031 (190,542 ) Net earnings attributable to noncontrolling interests — — (4,233 ) — (4,233 ) Net (loss) earnings attributable to IAC shareholders $ (194,775 ) $ (184,292 ) $ 15,261 $ 169,031 $ (194,775 ) Comprehensive (loss) income attributable to IAC shareholders $ (201,218 ) $ (171,896 ) $ 8,957 $ 162,939 $ (201,218 ) Statement of operations for the three months ended June 30, 2015: IAC Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations IAC Consolidated (In thousands) Revenue $ — $ 397,941 $ 376,079 $ (2,888 ) $ 771,132 Operating costs and expenses: Cost of revenue (exclusive of depreciation shown separately below) 294 81,348 96,514 (193 ) 177,963 Selling and marketing expense 1,010 204,791 121,611 (2,702 ) 324,710 General and administrative expense 33,942 39,149 56,251 7 129,349 Product development expense 2,330 20,974 23,126 — 46,430 Depreciation 426 6,755 8,319 — 15,500 Amortization of intangibles — 4,182 10,229 — 14,411 Total operating costs and expenses 38,002 357,199 316,050 (2,888 ) 708,363 Operating (loss) income (38,002 ) 40,742 60,029 — 62,769 Equity in earnings of unconsolidated affiliates 75,197 14,415 — (89,612 ) — Interest expense (12,992 ) (2,160 ) (62 ) — (15,214 ) Other (expense) income, net (7,506 ) 16,177 (10,309 ) — (1,638 ) Earnings from continuing operations before income taxes 16,697 69,174 49,658 (89,612 ) 45,917 Income tax benefit (provision) 42,761 (21,597 ) (9,196 ) — 11,968 Earnings from continuing operations 59,458 47,577 40,462 (89,612 ) 57,885 (Loss) earnings from discontinued operations, net of tax (153 ) — 3 (3 ) (153 ) Net earnings 59,305 47,577 40,465 (89,615 ) 57,732 Net loss attributable to noncontrolling interests — — 1,573 — 1,573 Net earnings attributable to IAC shareholders $ 59,305 $ 47,577 $ 42,038 $ (89,615 ) $ 59,305 Comprehensive income attributable to IAC shareholders $ 72,283 $ 48,886 $ 51,085 $ (99,971 ) $ 72,283 Statement of operations for the six months ended June 30, 2016: IAC Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations IAC Consolidated (In thousands) Revenue $ — $ 707,479 $ 863,902 $ (6,763 ) $ 1,564,618 Operating costs and expenses: Cost of revenue (exclusive of depreciation shown separately below) 592 142,191 222,591 (1,243 ) 364,131 Selling and marketing expense 1,760 371,606 310,036 (5,536 ) 677,866 General and administrative expense 43,833 83,714 160,814 16 288,377 Product development expense 3,118 44,516 58,107 — 105,741 Depreciation 852 14,188 18,330 — 33,370 Amortization of intangibles — 29,083 21,712 — 50,795 Goodwill impairment — 253,245 22,122 — 275,367 Total operating costs and expenses 50,155 938,543 813,712 (6,763 ) 1,795,647 Operating (loss) income (50,155 ) (231,064 ) 50,190 — (231,029 ) Equity in losses of unconsolidated affiliates (116,667 ) (10,961 ) — 127,628 — Interest expense (14,414 ) — (41,090 ) — (55,504 ) Other (expense) income, net (28,972 ) 5,978 31,699 — 8,705 (Loss) earnings from continuing operations before income taxes (210,208 ) (236,047 ) 40,799 127,628 (277,828 ) Income tax benefit (provision) 23,715 80,177 (8,672 ) — 95,220 (Loss) earnings from continuing operations (186,493 ) (155,870 ) 32,127 127,628 (182,608 ) Earnings from discontinued operations, net of tax — — — — — Net (loss) earnings (186,493 ) (155,870 ) 32,127 127,628 (182,608 ) Net earnings attributable to noncontrolling interests — — (3,885 ) — (3,885 ) Net (loss) earnings attributable to IAC shareholders $ (186,493 ) $ (155,870 ) $ 28,242 $ 127,628 $ (186,493 ) Comprehensive (loss) income attributable to IAC shareholders $ (172,928 ) $ (136,977 ) $ 37,659 $ 99,318 $ (172,928 ) Statement of operations for the six months ended June 30, 2015: IAC Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations IAC Consolidated (In thousands) Revenue $ — $ 812,355 $ 736,508 $ (5,219 ) $ 1,543,644 Operating costs and expenses: Cost of revenue (exclusive of depreciation shown separately below) 539 166,787 197,814 (440 ) 364,700 Selling and marketing expense 2,065 418,156 271,764 (4,793 ) 687,192 General and administrative expense 58,006 74,083 112,040 14 244,143 Product development expense 4,507 41,572 45,608 — 91,687 Depreciation 827 13,380 16,861 — 31,068 Amortization of intangibles — 8,363 18,603 — 26,966 Total operating costs and expenses 65,944 722,341 662,690 (5,219 ) 1,445,756 Operating (loss) income (65,944 ) 90,014 73,818 — 97,888 Equity in earnings of unconsolidated affiliates 137,931 2,868 — (140,799 ) — Interest expense (25,982 ) (3,198 ) (98 ) — (29,278 ) Other (expense) income, net (16,859 ) 25,633 (3,424 ) — 5,350 Earnings from continuing operations before income taxes 29,146 115,317 70,296 (140,799 ) 73,960 Income tax benefit (provision) 56,592 (44,375 ) (6,429 ) — 5,788 Earnings from continuing operations 85,738 70,942 63,867 (140,799 ) 79,748 (Loss) earnings from discontinued operations, net of tax (28 ) — 3 (3 ) (28 ) Net earnings 85,710 70,942 63,870 (140,802 ) 79,720 Net loss attributable to noncontrolling interests — — 5,990 — 5,990 Net earnings attributable to IAC shareholders $ 85,710 $ 70,942 $ 69,860 $ (140,802 ) $ 85,710 Comprehensive income attributable to IAC shareholders $ 43,115 $ 66,457 $ 22,172 $ (88,629 ) $ 43,115
Schedule of Condensed Cash Flow Statement	Statement of cash flows for the six months ended June 30, 2016: IAC Guarantor Subsidiaries Non-Guarantor Subsidiaries IAC Consolidated (In thousands) Net cash (used in) provided by operating activities attributable to continuing operations $ (83,685 ) $ 76,888 $ 72,726 $ 65,929 Cash flows from investing activities attributable to continuing operations: Acquisitions, net of cash acquired — — (2,524 ) (2,524 ) Capital expenditures (299 ) (11,256 ) (23,578 ) (35,133 ) Purchase of time deposits — — (87,500 ) (87,500 ) Proceeds from maturities of time deposits — — 87,500 87,500 Proceeds from maturities and sales of marketable debt securities 32,500 — — 32,500 Purchases of marketable debt securities (79,366 ) — — (79,366 ) Purchases of investments — — (5,056 ) (5,056 ) Net proceeds from the sale of businesses and investments 10,000 — 93,735 103,735 Other, net — 158 4,657 4,815 Net cash (used in) provided by investing activities attributable to continuing operations (37,165 ) (11,098 ) 67,234 18,971 Cash flows from financing activities attributable to continuing operations: Purchase of treasury stock (214,635 ) — — (214,635 ) Proceeds from Match Group 2016 Senior Notes offering — — 400,000 400,000 Principal payments on Match Group Term Loan — — (410,000 ) (410,000 ) Debt issuance costs — — (4,621 ) (4,621 ) Repurchase of Senior Notes (61,110 ) — — (61,110 ) Issuance of IAC common stock pursuant to stock-based awards, net of withholding taxes (13,097 ) — — (13,097 ) Issuance of Match Group common stock pursuant to stock-based awards, net of withholding taxes — — 2,176 2,176 Excess tax benefits from stock-based awards 16,651 — 5,220 21,871 Purchase of noncontrolling interests (1,400 ) — (1,011 ) (2,411 ) Acquisition-related contingent consideration payments — (321 ) (1,829 ) (2,150 ) Increase in restricted cash related to bond redemptions (30,002 ) — — (30,002 ) Intercompany 31,974 (65,469 ) 33,495 — Other, net 275 — (763 ) (488 ) Net cash (used in) provided by financing activities attributable to continuing operations (271,344 ) (65,790 ) 22,667 (314,467 ) Total cash (used in) provided by continuing operations (392,194 ) — 162,627 (229,567 ) Effect of exchange rate changes on cash and cash equivalents — — (5,896 ) (5,896 ) Net (decrease) increase in cash and cash equivalents (392,194 ) — 156,731 (235,463 ) Cash and cash equivalents at beginning of period 1,073,053 — 408,394 1,481,447 Cash and cash equivalents at end of period $ 680,859 $ — $ 565,125 $ 1,245,984 Statement of cash flows for the six months ended June 30, 2015: IAC Guarantor Subsidiaries Non-Guarantor Subsidiaries IAC Consolidated (In thousands) Net cash (used in) provided by operating activities attributable to continuing operations $ (107,149 ) $ 129,741 $ 63,187 $ 85,779 Cash flows from investing activities attributable to continuing operations: Acquisitions, net of cash acquired — (2,574 ) (40,712 ) (43,286 ) Capital expenditures (988 ) (11,533 ) (14,295 ) (26,816 ) Proceeds from maturities and sales of marketable debt securities 14,613 — — 14,613 Purchases of marketable debt securities (93,134 ) — — (93,134 ) Purchases of investments — — (12,840 ) (12,840 ) Net proceeds from the sale of businesses and investments — — 6,203 6,203 Other, net 3,613 48 (1,265 ) 2,396 Net cash used in investing activities attributable to continuing operations (75,896 ) (14,059 ) (62,909 ) (152,864 ) Cash flows from financing activities attributable to continuing operations: Purchase of treasury stock (200,000 ) — — (200,000 ) Dividends (56,729 ) — — (56,729 ) Issuance of IAC common stock pursuant to stock-based awards, net of withholding taxes (20,656 ) — — (20,656 ) Excess tax benefits from stock-based awards 19,064 — 17,401 36,465 Purchase of noncontrolling interests — — (15,338 ) (15,338 ) Acquisition-related contingent consideration payments — (195 ) (5,510 ) (5,705 ) Intercompany 107,529 (115,487 ) 7,958 — Other, net 166 — 264 430 Net cash (used in) provided by financing activities attributable to continuing operations (150,626 ) (115,682 ) 4,775 (261,533 ) Total cash (used in) provided by continuing operations (333,671 ) — 5,053 (328,618 ) Total cash (used in) provided by discontinued operations (246 ) — 3 (243 ) Effect of exchange rate changes on cash and cash equivalents — — (5,135 ) (5,135 ) Net decrease in cash and cash equivalents (333,917 ) — (79 ) (333,996 ) Cash and cash equivalents at beginning of period 762,231 — 228,174 990,405 Cash and cash equivalents at end of period $ 428,314 $ — $ 228,095 $ 656,409

THE COMPANY AND SUMMARY OF SI34

THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Revenue from major customers
Revenue	$ 745,439	$ 771,132	$ 1,564,618	$ 1,543,644
Accounts receivable, net	189,491		189,491		$ 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	85,291	154,447	251,293	333,472
Operating segments | Applications
Revenue from major customers
Revenue	143,157	190,801	302,953	388,268
Google Inc.
Revenue from major customers
Revenue	181,500	$ 308,200	466,200	$ 647,800
Accounts receivable, net	$ 57,200		$ 57,200		$ 97,200
Google Inc. | Revenue | Operating segments | Customer concentration risk | Publishing
Revenue from major customers
Percentage of concentration risk	69.00%	82.00%	78.00%	83.00%
Google Inc. | Revenue | Operating segments | Customer concentration risk | Applications
Revenue from major customers
Percentage of concentration risk	85.00%	94.00%	88.00%	94.00%

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Income tax provision (benefit)	$ (96,740)	$ (11,968)	$ (95,220)	$ (5,788)
Effective tax rate (as a percent)	34.00%		34.00%
Federal statutory rate (as a percent)	35.00%		35.00%
Accrued interest on unrecognized tax benefits	$ 2,800		$ 2,800		$ 2,500
Accrued penalties on unrecognized tax benefits	1,900		1,900		2,200
Total unrecognized tax benefits including interest	42,400		42,400		43,400
Unrecognized tax benefit, if recognized would reduce income tax expense for continuing operations	39,400		39,400		$ 41,000
Decrease in unrecognized tax benefit	10,600		10,600
Change in unrecognized tax benefit which would reduce the income tax provision for continuing operations	$ 10,200		$ 10,200

BUSINESS COMBINATION (Details)

BUSINESS COMBINATION (Details) - PlentyOfFish - USD ($) $ in Millions	Oct. 28, 2015	Jun. 30, 2016
Business Acquisition [Line Items]
Cash acquisition price	$ 574.1
Working capital adjustment		$ 0.9

BUSINESS COMBINATION - ESTIMATE

BUSINESS COMBINATION - ESTIMATED FAIR VALUE OF ASSETS ACQUIRED AND LIABILITIES ASSUMED (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015	Oct. 28, 2015
Business Acquisition [Line Items]
Goodwill	$ 1,937,675	$ 2,245,364
PlentyOfFish
Business Acquisition [Line Items]
Cash and cash equivalents			$ 4,626
Other current assets			4,460
Computer and other equipment			2,990
Goodwill			488,644
Intangible assets			84,100
Other non-current assets			1,073
Total assets			585,893
Current liabilities			(6,418)
Other long-term liabilities			(5,325)
Net assets acquired			$ 574,150

BUSINESS COMBINATION - INTANGIB

BUSINESS COMBINATION - INTANGIBLE ASSETS ACQUIRED AS PART OF BUSINESS COMBINATION (Details) $ in Thousands	Oct. 28, 2015USD ($)
Customer relationships | Maximum
Business Acquisition [Line Items]
Estimated weighted-average useful life (in years)	1 year
New registrants | Maximum
Business Acquisition [Line Items]
Estimated weighted-average useful life (in years)	1 year
Non-compete agreement
Business Acquisition [Line Items]
Estimated weighted-average useful life (in years)	5 years
Developed technology
Business Acquisition [Line Items]
Estimated weighted-average useful life (in years)	2 years
PlentyOfFish
Business Acquisition [Line Items]
Indefinite-lived trade name	$ 66,300
Total intangible assets acquired	84,100
PlentyOfFish | Customer relationships
Business Acquisition [Line Items]
Finite-lived intangible assets	10,100
PlentyOfFish | New registrants
Business Acquisition [Line Items]
Finite-lived intangible assets	3,100
PlentyOfFish | Non-compete agreement
Business Acquisition [Line Items]
Finite-lived intangible assets	3,000
PlentyOfFish | Developed technology
Business Acquisition [Line Items]
Finite-lived intangible assets	$ 1,600

BUSINESS COMBINATION - SCHEDULE

BUSINESS COMBINATION - SCHEDULE OF PRO FORMA FINANCIAL INFORMATION (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Decrease to revenue related to write-off of deferred revenue	$ (745,439)	$ (771,132)	$ (1,564,618)	$ (1,543,644)
Increase in amortization of intangible assets	$ 36,975	14,411	$ 50,795	26,966
Revenue		790,486		1,575,155
Net earnings attributable to IAC shareholders		$ 62,746		$ 89,947
Basic earnings per share attributable to IAC shareholders (in dollars per share)		$ 0.76		$ 1.08
Diluted earnings per share attributable to IAC shareholders (in dollars per share)		$ 0.72		$ 1.02
Acquisition-related Costs
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Decrease to revenue related to write-off of deferred revenue		$ 1,700		$ 8,300
Increase in amortization of intangible assets		$ 5,200		$ 9,000

GOODWILL AND INTANGIBLE ASSET40

GOODWILL AND INTANGIBLE ASSETS - SCHEDULE OF GOODWILL AND INTANGIBLE ASSETS, NET (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	$ 1,937,675	$ 2,245,364
Intangible assets with indefinite lives	336,078	380,137
Intangible assets with definite lives, net	59,184	60,691
Total goodwill and intangible assets, net	$ 2,332,937	$ 2,686,192

GOODWILL AND INTANGIBLE ASSET41

GOODWILL AND INTANGIBLE ASSETS - SCHEDULE OF GOODWILL BY REPORTING UNIT (Details) $ in Thousands	3 Months Ended			6 Months Ended		9 Months Ended	12 Months Ended
	Jun. 30, 2016USD ($)	Dec. 31, 2015USD ($)segmentreportingunit	Jun. 30, 2015USD ($)	Jun. 30, 2016USD ($)	Jun. 30, 2015USD ($)	Sep. 30, 2015USD ($)segmentreportingunit	Dec. 31, 2015USD ($)
Goodwill
Balance at the beginning of the period				$ 2,245,364
Impairment	$ (275,367)		$ 0	(275,367)	$ 0
Balance at the end of the period	1,937,675	$ 2,245,364		1,937,675			$ 2,245,364
Search & Applications
Goodwill
Number of operating segments | segment		3				1
Number of reporting units | reportingunit		3				1
Operating segments
Goodwill
Balance at the beginning of the period				2,245,364	1,754,926	$ 1,754,926	1,754,926
Additions				10,252			552,864
Deductions				(60,068)
Impairment				(275,367)			(14,056)
Foreign Exchange Translation				17,494			(48,370)
Allocation of IAC's former Search & Applications Segment Goodwill Based on Relative Fair Value							0
Balance at the end of the period	1,937,675	$ 2,245,364		1,937,675			2,245,364
Operating segments | Search & Applications
Goodwill
Balance at the beginning of the period				0	774,822	774,822	774,822
Additions							1,450
Impairment							0
Foreign Exchange Translation							(1,230)
Allocation of IAC's former Search & Applications Segment Goodwill Based on Relative Fair Value							(775,042)
Balance at the end of the period		0					0
Operating segments | Match Group
Goodwill
Balance at the beginning of the period				1,293,109	791,474	791,474	791,474
Additions				603			547,910
Deductions				(2,983)
Impairment	0			0			0
Foreign Exchange Translation				16,448			(46,275)
Allocation of IAC's former Search & Applications Segment Goodwill Based on Relative Fair Value							0
Balance at the end of the period	1,307,177	1,293,109		1,307,177			1,293,109
Operating segments | HomeAdvisor
Goodwill
Balance at the beginning of the period				150,251	151,321	151,321	151,321
Additions				0			0
Deductions				0
Impairment	0			0			0
Foreign Exchange Translation				103			(1,070)
Allocation of IAC's former Search & Applications Segment Goodwill Based on Relative Fair Value							0
Balance at the end of the period	150,354	150,251		150,354			150,251
Operating segments | Publishing
Goodwill
Balance at the beginning of the period				277,192	0	0	0
Additions				0			3,504
Deductions				(1,968)
Impairment	(275,367)			(275,367)			0
Foreign Exchange Translation				143			963
Allocation of IAC's former Search & Applications Segment Goodwill Based on Relative Fair Value							272,725
Balance at the end of the period	0	277,192		0			277,192
Operating segments | Applications
Goodwill
Balance at the beginning of the period				447,242	0	0	0
Additions				0			0
Deductions				0
Impairment	0			0			0
Foreign Exchange Translation				0			0
Allocation of IAC's former Search & Applications Segment Goodwill Based on Relative Fair Value							447,242
Balance at the end of the period	447,242	447,242		447,242			447,242
Operating segments | Video
Goodwill
Balance at the beginning of the period				15,590	15,590	15,590	15,590
Additions				9,649			0
Deductions				0
Impairment	0			0			0
Foreign Exchange Translation				0			0
Allocation of IAC's former Search & Applications Segment Goodwill Based on Relative Fair Value							0
Balance at the end of the period	25,239	15,590		25,239			15,590
Operating segments | Other
Goodwill
Balance at the beginning of the period				61,980	$ 21,719	$ 21,719	21,719
Additions				0			0
Deductions				(55,117)
Impairment	0			0			(14,056)
Foreign Exchange Translation				800			(758)
Allocation of IAC's former Search & Applications Segment Goodwill Based on Relative Fair Value							55,075
Balance at the end of the period	$ 7,663	$ 61,980		$ 7,663			$ 61,980

GOODWILL AND INTANGIBLE ASSET42

GOODWILL AND INTANGIBLE ASSETS (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Goodwill [Line Items]
Goodwill impairment	$ 275,367,000	$ 0	$ 275,367,000	$ 0
Trade names
Goodwill [Line Items]
Impairment charge on certain indefinite-lived intangible assets	$ 11,600,000
Trade names | Minimum
Goodwill [Line Items]
Royalty rates	2.00%
Trade names | Maximum
Goodwill [Line Items]
Royalty rates	6.00%
Publishing
Goodwill [Line Items]
Accumulated goodwill impairment loss	$ 598,000,000		598,000,000		$ 322,600,000
Fair value of goodwill	0		0
Publishing | Trade names
Goodwill [Line Items]
Impairment charge on certain indefinite-lived intangible assets	11,600,000
Applications
Goodwill [Line Items]
Accumulated goodwill impairment loss	529,100,000		529,100,000		529,100,000
Video | Connected Ventures
Goodwill [Line Items]
Accumulated goodwill impairment loss	11,600,000		11,600,000		11,600,000
Other | ShoeBuy
Goodwill [Line Items]
Accumulated goodwill impairment loss	$ 42,100,000		$ 42,100,000		42,100,000
Other | PriceRunner
Goodwill [Line Items]
Accumulated goodwill impairment loss					$ 65,200,000

GOODWILL AND INTANGIBLE ASSET43

GOODWILL AND INTANGIBLE ASSETS - SCHEDULE OF INTANGIBLE ASSETS WITH DEFINITE LIVES (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 223,091	$ 194,237
Accumulated Amortization	(163,907)	(133,546)
Total	$ 59,184	$ 60,691
Weighted-Average Useful Life (Years)	3 years 4 months 12 days	3 years 3 months 18 days
Trade names
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 65,746	$ 32,123
Accumulated Amortization	(42,385)	(26,268)
Total	$ 23,361	$ 5,855
Weighted-Average Useful Life (Years)	3 years 2 months 12 days	2 years 6 months
Content
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 62,082	$ 62,082
Accumulated Amortization	(53,228)	(48,937)
Total	$ 8,854	$ 13,145
Weighted-Average Useful Life (Years)	4 years 1 month 6 days	4 years 1 month 6 days
Technology
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 56,474	$ 55,487
Accumulated Amortization	(39,205)	(37,012)
Total	$ 17,269	$ 18,475
Weighted-Average Useful Life (Years)	3 years 3 months 12 days	3 years 2 months 12 days
Customer lists
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 28,443	$ 28,836
Accumulated Amortization	(22,709)	(13,078)
Total	$ 5,734	$ 15,758
Weighted-Average Useful Life (Years)	2 years 2 months 12 days	2 years 1 month 6 days
Advertiser and supplier relationships and other
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 10,346	$ 15,709
Accumulated Amortization	(6,380)	(8,251)
Total	$ 3,966	$ 7,458
Weighted-Average Useful Life (Years)	4 years 3 months 12 days	4 years 2 months 12 days

GOODWILL AND INTANGIBLE ASSET44

GOODWILL AND INTANGIBLE ASSETS - SCHEDULE OF EXPECTED AMORTIZATION OF INTANGIBLE ASSETS (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
2,017	$ 32,581
2,018	14,896
2,019	7,044
2,020	4,463
2,021	200
Total	$ 59,184	$ 60,691

MARKETABLE SECURITIES - SCHEDUL

MARKETABLE SECURITIES - SCHEDULE OF CURRENT AVAILABLE-FOR-SALE MARKETABLE SECURITIES (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	$ 78,948	$ 36,424
Gross Unrealized Gains	275	2,963
Gross Unrealized Losses	(15)	(187)
Fair Value	79,208	39,200
Corporate debt securities
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	29,614	27,765
Gross Unrealized Gains	45	0
Gross Unrealized Losses	(15)	(187)
Fair Value	29,644	27,578
Treasury discount notes
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	44,949
Gross Unrealized Gains	23
Gross Unrealized Losses	0
Fair Value	44,972
Total debt securities
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	74,563
Gross Unrealized Gains	68
Gross Unrealized Losses	(15)
Fair Value	74,616
Equity security
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	4,385	8,659
Gross Unrealized Gains	207	2,963
Gross Unrealized Losses	0	0
Fair Value	$ 4,592	$ 11,622

MARKETABLE SECURITIES (Details)

MARKETABLE SECURITIES (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016USD ($)investment	Jun. 30, 2015USD ($)	Jun. 30, 2016USD ($)investment	Jun. 30, 2015USD ($)
Marketable Securities [Abstract]
Aggregate fair value of available-for-sale securities with unrealized losses	$ 17,300		$ 17,300
Number of investments in continuous unrealized loss position for longer than twelve months | investment	1		1
Gross realized losses	$ 0	$ 0	$ 0	$ 0

MARKETABLE SECURITIES - SCHED47

MARKETABLE SECURITIES - SCHEDULE OF CONTRACTUAL MATURITIES OF DEBT SECURITIES CLASSIFIED AS CURRENT AVAILABLE-FOR-SALE (Details 2) $ in Thousands	Jun. 30, 2016USD ($)
Amortized Cost
Due in one year or less	$ 69,536
Due after one year through five years	5,027
Total	74,563
Fair Value
Due in one year or less	69,551
Due after one year through five years	5,065
Total	$ 74,616

MARKETABLE SECURITIES - SCHED48

MARKETABLE SECURITIES - SCHEDULE OF PROCEEDS FROM MATURITIES AND SALES OF CURRENT AVAILABLE-FOR-SALE-MARKETABLE SECURITIES (Details 3) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Marketable Securities [Abstract]
Proceeds from maturities and sales of available-for-sale marketable securities	$ 44,216	$ 8,563	$ 54,216	$ 14,613
Gross realized gains	$ 3,125	$ 5	$ 3,125	$ 5

FAIR VALUE MEASUREMENTS AND F49

FAIR VALUE MEASUREMENTS AND FINANCIAL INSTRUMENTS - SCHEDULE OF ASSETS AND LIABILITIES MEASURED AT FAIR VALUE ON A RECURRING BASIS (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Assets:
Marketable securities	$ 79,208	$ 39,200
Fair value on a recurring basis
Assets:
Total Assets	884,544	1,080,096
Liabilities:
Contingent consideration arrangements	(45,526)	(33,873)
Fair value on a recurring basis | Money market funds
Assets:
Cash equivalents	523,659	601,848
Fair value on a recurring basis | Time deposits
Assets:
Cash equivalents	125,192	125,038
Fair value on a recurring basis | Treasury discount notes
Assets:
Cash equivalents	62,496
Marketable securities	44,972
Fair value on a recurring basis | Commercial paper
Assets:
Cash equivalents	93,989	302,418
Fair value on a recurring basis | Corporate debt securities
Assets:
Marketable securities	29,644	27,578
Fair value on a recurring basis | Equity security
Assets:
Marketable securities	4,592	11,622
Long-term investments		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:
Total Assets	635,719	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	523,659	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	62,496
Marketable securities	44,972
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	4,592	11,622
Long-term investments		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:
Total Assets	248,825	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	125,192	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	93,989	302,418
Fair value on a recurring basis | Significant Other Observable Inputs (Level 2) | Corporate debt securities
Assets:
Marketable securities	29,644	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
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:
Total Assets	0	4,050
Liabilities:
Contingent consideration arrangements	(45,526)	(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
Fair value on a recurring basis | Significant Unobservable Inputs (Level 3) | Auction rate security
Assets:
Long-term investments		$ 4,050

FAIR VALUE MEASUREMENTS AND F50

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		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Contingent Consideration Arrangements
Contingent Consideration Arrangements
Balance at beginning of period	$ (37,243)	$ (20,964)	$ (33,873)	$ (30,140)
Fair value adjustments	(6,801)	9,950	(10,470)	16,946
Foreign currency exchange gains (losses)	0	(4)	0	626
Included in other comprehensive (loss) income	(3,375)	384	(5,281)	2,117
Fair value at date of acquisition	55	(26,749)	1,948	(27,112)
Settlements	1,838	5,525	2,150	5,705
Proceeds from sale			0	0
Balance at end of period	(45,526)	(31,858)	(45,526)	(31,858)
Auction rate security
Auction Rate Security
Balance at beginning of period		6,190	4,050	6,070
Fair value adjustments		0	0	0
Foreign currency exchange gains (losses)		0	0	0
Included in other comprehensive (loss) income		440	5,950	560
Fair value at date of acquisition		0		0
Settlements		0	0	0
Proceeds from sale			(10,000)	0
Balance at end of period	$ 0	$ 6,630	$ 0	$ 6,630

FAIR VALUE MEASUREMENTS AND F51

FAIR VALUE MEASUREMENTS AND FINANCIAL INSTRUMENTS (Details 2) $ in Millions	6 Months Ended
	Jun. 30, 2016USD ($)arrangement	Dec. 31, 2015USD ($)
Contingent Consideration Arrangements
Number of contingent consideration arrangements related to business acquisitions | arrangement	8
Number of contingent consideration arrangements with payment limit | arrangement	7
Contingent consideration, maximum amount at balance sheet date	$ 141.8
Contingent consideration, fair value at balance sheet date with a maximum limit	$ 45.4
Number of contingent consideration arrangements without payment limit | arrangement	1
Contingent consideration, fair value at balance sheet date without a limit	$ 0.1
Contingent consideration, at fair value, current	10.8	$ 2.6
Contingent consideration, at fair value, noncurrent	34.7	31.2
Assets measured at fair value on a nonrecurring basis
Cost method investments	$ 116.5	114.5
Equity security
Marketable equity security
Cost basis		5
Gross unrealized gain		$ 2.6
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%

FAIR VALUE MEASUREMENTS AND F52

FAIR VALUE MEASUREMENTS AND FINANCIAL INSTRUMENTS - CARRYING VALUE AND FAIR VALUE OF FINANCIAL INSTRUMENTS (Details 3) - USD ($) $ in Thousands	Jun. 30, 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	$ (50,000)	$ (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	(52,025)	(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	(1,655,259)	(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	$ (1,722,286)	$ (1,761,601)

LONG-TERM DEBT - SCHEDULE OF LO

LONG-TERM DEBT - SCHEDULE OF LONG-TERM DEBT (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Less: Current maturities of long-term debt	$ 50,000	$ 40,000
Total long-term debt, net of current maturities	$ 1,655,259	$ 1,726,954
Senior Notes | 6.375% Senior Notes due June 1, 2024 (the 2016 Match Group Senior Notes); interest payable each June 1 and December 1, which commences December 1, 2016
Debt Instrument [Line Items]
Stated interest rate	6.375%
Senior Notes | 6.75% Senior Notes due December 15, 2022 (the 2015 Match Group Senior Notes); interest payable each June 15 and December 15, which commenced June 15, 2016
Debt Instrument [Line Items]
Stated interest rate	6.75%	6.75%
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%
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%
Match Group
Debt Instrument [Line Items]
Long-term debt	$ 1,235,172	$ 1,245,172
Less: Current maturities of long-term debt	0	40,000
Less: Unamortized original issue discount and original issue premium, net	5,308	11,691
Less: Unamortized debt issuance costs	15,076	16,610
Total long-term debt, net of current maturities	1,214,788	1,176,871
Match Group | Senior Notes | 6.375% Senior Notes due June 1, 2024 (the 2016 Match Group Senior Notes); interest payable each June 1 and December 1, which commences December 1, 2016
Debt Instrument [Line Items]
Long-term debt	400,000	0
Match Group | Senior Notes | 6.75% Senior Notes due December 15, 2022 (the 2015 Match Group Senior Notes); interest payable each June 15 and December 15, which commenced June 15, 2016
Debt Instrument [Line Items]
Long-term debt	445,172	445,172
Match Group | Term Loan | Match Group Term Loan due November 16, 2022
Debt Instrument [Line Items]
Long-term debt	$ 390,000	800,000
Number of days prior to maturity date	91 days
IAC
Debt Instrument [Line Items]
Long-term debt	$ 493,622	554,732
Less: Current maturities of long-term debt	50,000	0
Less: Unamortized debt issuance costs	3,151	4,649
Total long-term debt, net of current maturities	440,471	550,083
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	445,003	500,000
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	$ 48,619	$ 54,732

LONG-TERM DEBT (Details)

LONG-TERM DEBT (Details)	Mar. 31, 2016USD ($)	Nov. 16, 2015USD ($)	Jun. 30, 2016USD ($)	Jun. 01, 2016USD ($)	Dec. 31, 2015USD ($)
6.375% Senior Notes due June 1, 2024 (the 2016 Match Group Senior Notes); interest payable each June 1 and December 1, which commences December 1, 2016 | Senior Notes | Match Group, Inc.
Debt Instrument [Line Items]
Debt instrument, face amount				$ 400,000,000
6.375% Senior Notes due June 1, 2024 (the 2016 Match Group Senior Notes); interest payable each June 1 and December 1, which commences December 1, 2016 | Senior Notes | Maximum
Debt Instrument [Line Items]
Maximum leverage ratio			5
6.75% Senior Notes due December 15, 2022 (the 2015 Match Group Senior Notes); interest payable each June 15 and December 15, which commenced June 15, 2016 | Senior Notes | Maximum
Debt Instrument [Line Items]
Maximum leverage ratio			5
Match Group Term Loan due November 16, 2022 | Term Loan | Revolving Credit Facility | Match Group, Inc.
Debt Instrument [Line Items]
Debt instrument, face amount		$ 800,000,000
Principal payment	$ 10,000,000
Remaining principal balance			$ 390,000,000
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%
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			0.30%
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
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 | Senior Notes | Maximum
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

LONG-TERM DEBT - SCHEDULE OF DE

LONG-TERM DEBT - SCHEDULE OF DEBT INSTRUMENT REDEMPTION (Details) - Senior Notes - 6.375% Senior Notes due June 1, 2024 (the 2016 Match Group Senior Notes); interest payable each June 1 and December 1, which commences December 1, 2016	6 Months Ended
	Jun. 30, 2016
2,019
Debt Instrument [Line Items]
Redemption percentage	104.781%
2,020
Debt Instrument [Line Items]
Redemption percentage	103.188%
2,021
Debt Instrument [Line Items]
Redemption percentage	101.594%
2022 and thereafter
Debt Instrument [Line Items]
Redemption percentage	100.00%

ACCUMULATED OTHER COMPREHENSI56

ACCUMULATED OTHER COMPREHENSIVE LOSS (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance			$ 2,215,825
Total other comprehensive (loss) income, net of tax	$ (7,123)	$ 12,228	14,059	$ (43,752)
Ending balance	1,898,933		1,898,933
Tax provision (benefit) of other comprehensive loss before reclassifications related to unrealized gains (losses) on available-for-sale securities	(500)	(200)	(800)	(300)
Amounts reclassified to earnings, tax provision (benefit) (less than for 2016)		(100)		(100)
Foreign Currency Translation Adjustment
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(118,485)	(143,182)	(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	(5,588)	9,287	1,594	(47,047)
Amounts reclassified to earnings related to unrealized gains (losses) on available-for-sale securities, net of tax (provision) benefit	2,461	0	9,850	0
Total other comprehensive (loss) income, net of tax	(3,127)	9,287	11,444	(47,047)
Reallocation of accumulated other comprehensive loss (income) related to the noncontrolling interests created in the Match Group initial public offering			21,589
Ending balance	(121,612)	(133,895)	(121,612)	(133,895)
Unrealized Gains (Losses) On Available-For-Sale Securities
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	7,521	(91)	2,542	(852)
Other comprehensive income (loss) before reclassifications, net of tax benefit (provision) related to unrealized gains (losses) on available-for-sale securities	(683)	3,528	4,754	4,289
Amounts reclassified to earnings related to unrealized gains (losses) on available-for-sale securities, net of tax (provision) benefit	(2,633)	163	(2,633)	163
Total other comprehensive (loss) income, net of tax	(3,316)	3,691	2,121	4,452
Reallocation of accumulated other comprehensive loss (income) related to the noncontrolling interests created in the Match Group initial public offering			(458)
Ending balance	4,205	3,600	4,205	3,600
Amounts reclassified to earnings, tax provision (benefit) (less than for 2016)	100		100
Accumulated Other Comprehensive (Loss) Income
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(110,964)	(143,273)	(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	(6,271)	12,815	6,348	(42,758)
Amounts reclassified to earnings related to unrealized gains (losses) on available-for-sale securities, net of tax (provision) benefit	(172)	163	7,217	163
Total other comprehensive (loss) income, net of tax	(6,443)	12,978	13,565	(42,595)
Reallocation of accumulated other comprehensive loss (income) related to the noncontrolling interests created in the Match Group initial public offering			21,131
Ending balance	$ (117,407)	$ (130,295)	$ (117,407)	$ (130,295)

(LOSS) EARNINGS PER SHARE - COM

(LOSS) EARNINGS PER SHARE - COMPUTATION OF BASIC AND DILUTED EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Numerator: Basic
(Loss) earnings from continuing operations	$ (190,542)	$ 57,885	$ (182,608)	$ 79,748
Net (earnings) loss attributable to noncontrolling interests	(4,233)	1,573	(3,885)	5,990
(Loss) earnings from continuing operations attributable to IAC shareholders	(194,775)	59,458	(186,493)	85,738
Loss from discontinued operations attributable to IAC shareholders	0	(153)	0	(28)
Net (loss) earnings attributable to IAC shareholders	(194,775)	59,305	(186,493)	85,710
Numerator: Diluted
(Loss) earnings from continuing operations	(190,542)	57,885	(182,608)	79,748
Net (earnings) loss attributable to noncontrolling interests	(4,233)	1,573	(3,885)	5,990
Impact from Match Group's dilutive securities	0	0	0	0
(Loss) earnings from continuing operations attributable to IAC shareholders	(194,775)	59,458	(186,493)	85,738
Loss from discontinued operations attributable to IAC shareholders	0	(153)	0	(28)
Net (loss) earnings attributable to IAC shareholders	$ (194,775)	$ 59,305	$ (186,493)	$ 85,710
Denominator: Basic
Weighted average basic shares outstanding (in shares)	79,523	82,416	80,775	82,932
Denominator: Diluted
Weighted average basic shares outstanding (in shares)	79,523	82,416	80,775	82,932
Dilutive securities including subsidiary denominated equity, stock options and RSUs (in shares)	0	4,674	0	4,989
Denominator for earnings per share-weighted average shares (in shares)	79,523	87,090	80,775	87,921
(Loss) earnings per share attributable to IAC shareholders: Basic
(Loss) earnings per share from continuing operations (in dollars per share)	$ (2.45)	$ 0.72	$ (2.31)	$ 1.03
Discontinued operations (in dollars per share)	0	0	0	0
(Loss) earnings per share (in dollars per share)	(2.45)	0.72	(2.31)	1.03
(Loss) earnings per share attributable to IAC shareholders: Diluted
(Loss) earnings per share from continuing operations (in dollars per share)	(2.45)	0.68	(2.31)	0.98
Discontinued operations (in dollars per share)	0	0	0	(0.01)
(Loss) earnings per share (in dollars per share)	$ (2.45)	$ 0.68	$ (2.31)	$ 0.97

(LOSS) EARNINGS PER SHARE (Deta

(LOSS) EARNINGS PER SHARE (Details 2) - shares shares in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
RSUs
Anti-dilutive weighted average common shares
Potentially dilutive securities excluded from calculation of diluted earnings per share (in shares)	10.1	1	10.1	1.2

SEGMENT INFORMATION (Details)

SEGMENT INFORMATION (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Segment Reporting Information [Line Items]
Revenue	$ 745,439	$ 771,132	$ 1,564,618	$ 1,543,644
Operating income (loss)	(252,446)	62,769	(231,029)	97,888
Adjusted EBITDA	112,036	108,679	197,922	183,836
Segment Assets	2,327,085		2,327,085		$ 2,502,499
Operating segments | Match Group
Segment Reporting Information [Line Items]
Revenue	301,119	248,817	586,402	483,886
Operating income (loss)	73,668	40,522	102,856	67,562
Adjusted EBITDA	100,120	63,448	164,706	96,698
Segment Assets	411,832		411,832		329,269
Operating segments | HomeAdvisor
Segment Reporting Information [Line Items]
Revenue	130,173	94,150	241,662	169,994
Operating income (loss)	11,910	1,589	13,824	(2,408)
Adjusted EBITDA	15,016	4,700	19,982	3,864
Segment Assets	51,937		51,937		32,112
Operating segments | Publishing
Segment Reporting Information [Line Items]
Revenue	85,291	154,447	251,293	333,472
Operating income (loss)	(316,934)	10,160	(310,158)	29,536
Adjusted EBITDA	(11,845)	17,337	(431)	43,990
Segment Assets	457,116		457,116		390,951
Operating segments | Applications
Segment Reporting Information [Line Items]
Revenue	143,157	190,801	302,953	388,268
Operating income (loss)	18,921	52,631	46,599	91,537
Adjusted EBITDA	29,082	49,095	60,140	94,644
Segment Assets	94,192		94,192		108,997
Operating segments | Video
Segment Reporting Information [Line Items]
Revenue	47,311	40,720	102,406	87,192
Operating income (loss)	(5,039)	(10,457)	(22,524)	(30,926)
Adjusted EBITDA	(3,975)	(12,135)	(20,876)	(31,841)
Segment Assets	92,268		92,268		90,671
Operating segments | Other
Segment Reporting Information [Line Items]
Revenue	38,484	42,318	80,116	81,171
Operating income (loss)	(1,686)	(399)	(1,788)	(940)
Adjusted EBITDA	(944)	878	115	1,600
Segment Assets	26,229		26,229		64,550
Inter-segment eliminations
Segment Reporting Information [Line Items]
Revenue	(96)	(121)	(214)	(339)
Corporate
Segment Reporting Information [Line Items]
Operating income (loss)	(33,286)	(31,277)	(59,838)	(56,473)
Adjusted EBITDA	(15,418)	$ (14,644)	(25,714)	$ (25,119)
Segment Assets	$ 1,193,511		$ 1,193,511		$ 1,485,949

SEGMENT INFORMATION - SCHEDULE

SEGMENT INFORMATION - SCHEDULE OF GEOGRAPHIC INFORMATION ABOUT REVENUE AND LONG-LIVED ASSETS (Details 2) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Revenue and long-lived assets by geography
Revenue	$ 745,439	$ 771,132	$ 1,564,618	$ 1,543,644
Property and equipment, net	306,999		306,999		$ 302,817
Reportable Geographical Components | United States
Revenue and long-lived assets by geography
Revenue	549,725	566,224	1,154,216	1,136,237
Property and equipment, net	283,208		283,208		279,913
Reportable Geographical Components | All Other Countries
Revenue and long-lived assets by geography
Revenue	195,714	$ 204,908	410,402	$ 407,407
Property and equipment, net	$ 23,791		$ 23,791		$ 22,904

SEGMENT INFORMATION - SCHEDUL61

SEGMENT INFORMATION - SCHEDULE OF RECONCILIATION OF ADJUSTED EBITDA TO OPERATING INCOME (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Segment Reporting, Other Significant Reconciling Item [Line Items]
Operating (loss) income	$ (252,446)	$ 62,769	$ (231,029)	$ 97,888
Stock-Based Compensation Expense	27,764	25,949	58,949	44,860
Depreciation	17,575	15,500	33,370	31,068
Amortization of intangibles	36,975	14,411	50,795	26,966
Acquisition-related Contingent Consideration Fair Value Adjustments	6,801	(9,950)	10,470	(16,946)
Goodwill impairment	275,367	0	275,367	0
Adjusted EBITDA	112,036	108,679	197,922	183,836
Interest expense	(27,644)	(15,214)	(55,504)	(29,278)
Other (expense) income, net	(7,192)	(1,638)	8,705	5,350
(Loss) earnings from continuing operations before income taxes	(287,282)	45,917	(277,828)	73,960
Income tax benefit (provision)	96,740	11,968	95,220	5,788
(Loss) earnings from continuing operations	(190,542)	57,885	(182,608)	79,748
Loss from discontinued operations, net of tax	0	(153)	0	(28)
Net (loss) earnings	(190,542)	57,732	(182,608)	79,720
Net (earnings) loss attributable to noncontrolling interests	(4,233)	1,573	(3,885)	5,990
Net (loss) earnings attributable to IAC shareholders	(194,775)	59,305	(186,493)	85,710
Operating segments
Segment Reporting, Other Significant Reconciling Item [Line Items]
Goodwill impairment			275,367		$ 14,056
Operating segments | Match Group
Segment Reporting, Other Significant Reconciling Item [Line Items]
Operating (loss) income	73,668	40,522	102,856	67,562
Stock-Based Compensation Expense	12,698	11,626	30,196	17,925
Depreciation	8,090	6,622	14,577	13,667
Amortization of intangibles	6,419	5,901	14,671	9,778
Acquisition-related Contingent Consideration Fair Value Adjustments	(755)	(1,223)	2,406	(12,234)
Goodwill impairment	0		0		0
Adjusted EBITDA	100,120	63,448	164,706	96,698
Operating segments | HomeAdvisor
Segment Reporting, Other Significant Reconciling Item [Line Items]
Operating (loss) income	11,910	1,589	13,824	(2,408)
Stock-Based Compensation Expense	408	420	815	840
Depreciation	1,925	1,589	3,798	3,140
Amortization of intangibles	773	1,102	1,545	2,292
Acquisition-related Contingent Consideration Fair Value Adjustments	0	0	0	0
Goodwill impairment	0		0		0
Adjusted EBITDA	15,016	4,700	19,982	3,864
Operating segments | Publishing
Segment Reporting, Other Significant Reconciling Item [Line Items]
Operating (loss) income	(316,934)	10,160	(310,158)	29,536
Stock-Based Compensation Expense	0	0	0	0
Depreciation	2,148	2,423	4,337	4,930
Amortization of intangibles	27,574	4,754	30,023	9,524
Acquisition-related Contingent Consideration Fair Value Adjustments	0	0	0	0
Goodwill impairment	275,367		275,367		0
Adjusted EBITDA	(11,845)	17,337	(431)	43,990
Operating segments | Applications
Segment Reporting, Other Significant Reconciling Item [Line Items]
Operating (loss) income	18,921	52,631	46,599	91,537
Stock-Based Compensation Expense	0	0	0	0
Depreciation	1,082	1,188	2,231	2,230
Amortization of intangibles	1,523	1,573	3,054	3,154
Acquisition-related Contingent Consideration Fair Value Adjustments	7,556	(6,297)	8,256	(2,277)
Goodwill impairment	0		0		0
Adjusted EBITDA	29,082	49,095	60,140	94,644
Operating segments | Video
Segment Reporting, Other Significant Reconciling Item [Line Items]
Operating (loss) income	(5,039)	(10,457)	(22,524)	(30,926)
Stock-Based Compensation Expense	0	147	0	294
Depreciation	477	226	875	424
Amortization of intangibles	587	379	965	802
Acquisition-related Contingent Consideration Fair Value Adjustments	0	(2,430)	(192)	(2,435)
Goodwill impairment	0		0		0
Adjusted EBITDA	(3,975)	(12,135)	(20,876)	(31,841)
Operating segments | Other
Segment Reporting, Other Significant Reconciling Item [Line Items]
Operating (loss) income	(1,686)	(399)	(1,788)	(940)
Stock-Based Compensation Expense	0	0	0	0
Depreciation	643	575	1,366	1,124
Amortization of intangibles	99	702	537	1,416
Acquisition-related Contingent Consideration Fair Value Adjustments	0	0	0	0
Goodwill impairment	0		0		$ 14,056
Adjusted EBITDA	(944)	878	115	1,600
Corporate
Segment Reporting, Other Significant Reconciling Item [Line Items]
Operating (loss) income	(33,286)	(31,277)	(59,838)	(56,473)
Stock-Based Compensation Expense	14,658	13,756	27,938	25,801
Depreciation	3,210	2,877	6,186	5,553
Amortization of intangibles	0	0	0	0
Acquisition-related Contingent Consideration Fair Value Adjustments	0	0	0	0
Goodwill impairment	0		0
Adjusted EBITDA	$ (15,418)	$ (14,644)	$ (25,714)	$ (25,119)

SEGMENT INFORMATION - SCHEDUL62

SEGMENT INFORMATION - SCHEDULE OF RECONCILIATION OF SEGMENT ASSETS TO TOTAL ASSETS (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015	Dec. 31, 2014
Segment Reporting, Asset Reconciling Item [Line Items]
Segment Assets	$ 2,327,085	$ 2,502,499
Goodwill	1,937,675	2,245,364
Indefinite-Lived Intangible Assets	336,078	380,137
Intangible assets with definite lives, net	59,184	60,691
TOTAL ASSETS	4,660,022	5,188,691
Operating segments
Segment Reporting, Asset Reconciling Item [Line Items]
Goodwill	1,937,675	2,245,364	$ 1,754,926
Operating segments | Match Group
Segment Reporting, Asset Reconciling Item [Line Items]
Segment Assets	411,832	329,269
Goodwill	1,307,177	1,293,109	791,474
Indefinite-Lived Intangible Assets	246,894	243,697
Intangible assets with definite lives, net	18,241	32,711
TOTAL ASSETS	1,984,144	1,898,786
Operating segments | HomeAdvisor
Segment Reporting, Asset Reconciling Item [Line Items]
Segment Assets	51,937	32,112
Goodwill	150,354	150,251	151,321
Indefinite-Lived Intangible Assets	600	600
Intangible assets with definite lives, net	4,193	5,727
TOTAL ASSETS	207,084	188,690
Operating segments | Publishing
Segment Reporting, Asset Reconciling Item [Line Items]
Segment Assets	457,116	390,951
Goodwill	0	277,192	0
Indefinite-Lived Intangible Assets	15,004	59,805
Intangible assets with definite lives, net	24,362	7,849
TOTAL ASSETS	496,482	735,797
Operating segments | Applications
Segment Reporting, Asset Reconciling Item [Line Items]
Segment Assets	94,192	108,997
Goodwill	447,242	447,242	0
Indefinite-Lived Intangible Assets	60,600	60,600
Intangible assets with definite lives, net	4,910	7,964
TOTAL ASSETS	606,944	624,803
Operating segments | Video
Segment Reporting, Asset Reconciling Item [Line Items]
Segment Assets	92,268	90,671
Goodwill	25,239	15,590	15,590
Indefinite-Lived Intangible Assets	1,800	1,800
Intangible assets with definite lives, net	7,378	3,343
TOTAL ASSETS	126,685	111,404
Operating segments | Other
Segment Reporting, Asset Reconciling Item [Line Items]
Segment Assets	26,229	64,550
Goodwill	7,663	61,980	$ 21,719
Indefinite-Lived Intangible Assets	11,180	13,635
Intangible assets with definite lives, net	100	3,097
TOTAL ASSETS	45,172	143,262
Corporate
Segment Reporting, Asset Reconciling Item [Line Items]
Segment Assets	1,193,511	1,485,949
Goodwill	0	0
Indefinite-Lived Intangible Assets	0	0
Intangible assets with definite lives, net	0	0
TOTAL ASSETS	$ 1,193,511	$ 1,485,949

CONSOLIDATED FINANCIAL STATEM63

CONSOLIDATED FINANCIAL STATEMENT DETAILS (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Mar. 18, 2016	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
(Losses) gains on sale of businesses and investments			$ (1,563)	$ (42)	$ 13,137	$ 144
Foreign currency exchange gains (losses)			8,644	(1,311)	13,139	4,537
Interest income			1,116	1,242	2,762	2,473
Impairment on long-term investments			(400)	(500)	(2,702)	(500)
Other			(2,219)	(1,027)	(3,462)	(1,304)
Total			(7,192)	(1,638)	8,705	5,350
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 (loss) related to sale of business		$ 12,000
Disposal group, revenue							$ 32,300
Disposal group, operating income (loss)							9,700
Disposal group, adjusted EBITDA (loss)							13,000
Depreciation of equipment							2,900
Amortization of intangibles							400
Disposal Group, Disposed of by Sale, Not Discontinued Operations | ASKfm
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain (loss) related to sale of business	$ (3,700)
Disposal group, revenue							10,900
Disposal group, operating income (loss)							(9,100)
Disposal group, adjusted EBITDA (loss)							(6,100)
Depreciation of equipment							1,000
Amortization of intangibles							$ 2,000
Bonds
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Loss on redemption / extinguishment of debt			(1,714)	0	(3,113)	0
Match Group Term Loan
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Loss on redemption / extinguishment of debt			$ (11,056)	$ 0	$ (11,056)	$ 0

SUPPLEMENTAL CASH FLOW INFORM64

SUPPLEMENTAL CASH FLOW INFORMATION (Details) $ in Millions	6 Months Ended
	Jun. 30, 2015USD ($)
Supplemental Cash Flow Elements [Abstract]
Acquisition-related contingent consideration liabilities	$ 27.1

CONTINGENCIES (Details)

CONTINGENCIES (Details)	6 Months Ended
	Jun. 30, 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 F66

GUARANTOR AND NON-GUARANTOR FINANCIAL INFORMATION - BALANCE SHEET (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015	Jun. 30, 2015	Dec. 31, 2014
ASSETS
Cash and cash equivalents	$ 1,245,984	$ 1,481,447	$ 656,409	$ 990,405
Marketable securities	79,208	39,200
Accounts receivable, net	189,491	250,077
Other current assets	278,185	174,286
Intercompany receivables	0	0
Property and equipment, net	306,999	302,817
Goodwill	1,937,675	2,245,364
Intangible assets, net	395,262	440,828
Investment in subsidiaries	0	0
Other non-current assets	227,218	254,672
TOTAL ASSETS	4,660,022	5,188,691
LIABILITIES AND SHAREHOLDERS' EQUITY
Current portion of long-term debt	50,000	40,000
Accounts payable, trade	61,749	86,883
Other current liabilities	580,457	641,663
Long-term debt, net of current portion	1,655,259	1,726,954
Income taxes payable	33,083	33,692
Intercompany liabilities	0	0
Other long-term liabilities	342,120	413,283
Redeemable noncontrolling interests	38,421	30,391
IAC shareholders' equity	1,814,450	1,804,526
Noncontrolling interests	84,483	411,299
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	4,660,022	5,188,691
Eliminations
ASSETS
Cash and cash equivalents	0	0
Marketable securities	0	0
Accounts receivable, net	0	0
Other current assets	0	0
Intercompany receivables	(1,792,198)	(1,600,470)
Property and equipment, net	0	0
Goodwill	0	0
Intangible assets, net	0	0
Investment in subsidiaries	(4,118,494)	(3,595,366)
Other non-current assets	(109,036)	(14,992)
TOTAL ASSETS	(6,019,728)	(5,210,828)
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	(1,792,198)	(1,600,470)
Other long-term liabilities	(109,036)	(14,992)
Redeemable noncontrolling interests	0	0
IAC shareholders' equity	(4,118,494)	(3,595,366)
Noncontrolling interests	0	0
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	(6,019,728)	(5,210,828)
IAC
ASSETS
Cash and cash equivalents	680,859	1,073,053	428,314	762,231
Marketable securities	79,208	27,578
Accounts receivable, net	0	33
Other current assets	124,877	30,813
Intercompany receivables	0	0
Property and equipment, net	5,190	4,432
Goodwill	0	0
Intangible assets, net	0	0
Investment in subsidiaries	3,520,513	3,128,765
Other non-current assets	51,803	84,368
TOTAL ASSETS	4,462,450	4,349,042
LIABILITIES AND SHAREHOLDERS' EQUITY
Current portion of long-term debt	50,000	0
Accounts payable, trade	3,089	4,711
Other current liabilities	28,622	62,833
Long-term debt, net of current portion	440,471	550,083
Income taxes payable	445	152
Intercompany liabilities	1,792,198	1,600,470
Other long-term liabilities	333,175	326,267
Redeemable noncontrolling interests	0	0
IAC shareholders' equity	1,814,450	1,804,526
Noncontrolling interests	0	0
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	4,462,450	4,349,042
Guarantor Subsidiaries
ASSETS
Cash and cash equivalents	0	0	0	0
Marketable securities	0	0
Accounts receivable, net	88,726	115,280
Other current assets	44,075	46,128
Intercompany receivables	634,253	637,324
Property and equipment, net	193,923	198,890
Goodwill	529,403	776,569
Intangible assets, net	106,734	135,817
Investment in subsidiaries	597,981	466,601
Other non-current assets	104,751	11,258
TOTAL ASSETS	2,299,846	2,387,867
LIABILITIES AND SHAREHOLDERS' EQUITY
Current portion of long-term debt	0	0
Accounts payable, trade	37,191	42,104
Other current liabilities	105,392	140,077
Long-term debt, net of current portion	0	0
Income taxes payable	3,937	3,435
Intercompany liabilities	0	0
Other long-term liabilities	18,671	18,160
Redeemable noncontrolling interests	0	0
IAC shareholders' equity	2,134,655	2,184,091
Noncontrolling interests	0	0
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	2,299,846	2,387,867
Non-Guarantor Subsidiaries
ASSETS
Cash and cash equivalents	565,125	408,394	$ 228,095	$ 228,174
Marketable securities	0	11,622
Accounts receivable, net	100,765	134,764
Other current assets	109,233	97,345
Intercompany receivables	1,157,945	963,146
Property and equipment, net	107,886	99,495
Goodwill	1,408,272	1,468,795
Intangible assets, net	288,528	305,011
Investment in subsidiaries	0	0
Other non-current assets	179,700	174,038
TOTAL ASSETS	3,917,454	3,662,610
LIABILITIES AND SHAREHOLDERS' EQUITY
Current portion of long-term debt	0	40,000
Accounts payable, trade	21,469	40,068
Other current liabilities	446,443	438,753
Long-term debt, net of current portion	1,214,788	1,176,871
Income taxes payable	28,701	30,105
Intercompany liabilities	0	0
Other long-term liabilities	99,310	83,848
Redeemable noncontrolling interests	38,421	30,391
IAC shareholders' equity	1,983,839	1,411,275
Noncontrolling interests	84,483	411,299
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 3,917,454	$ 3,662,610

GUARANTOR AND NON-GUARANTOR F67

GUARANTOR AND NON-GUARANTOR FINANCIAL INFORMATION - STATEMENT OF OPERATIONS (Details2) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Condensed Financial Statements, Captions [Line Items]
Revenue	$ 745,439	$ 771,132	$ 1,564,618	$ 1,543,644
Operating costs and expenses:
Cost of revenue (exclusive of depreciation shown separately below)	170,397	177,963	364,131	364,700
Selling and marketing expense	295,525	324,710	677,866	687,192
General and administrative expense	152,135	129,349	288,377	244,143
Product development expense	49,911	46,430	105,741	91,687
Depreciation	17,575	15,500	33,370	31,068
Amortization of intangibles	36,975	14,411	50,795	26,966
Goodwill impairment	275,367	0	275,367	0
Total operating costs and expenses	997,885	708,363	1,795,647	1,445,756
Operating (loss) income	(252,446)	62,769	(231,029)	97,888
Equity in earnings (losses) of unconsolidated affiliates	0	0	0	0
Interest expense	(27,644)	(15,214)	(55,504)	(29,278)
Other (expense) income, net	(7,192)	(1,638)	8,705	5,350
(Loss) earnings from continuing operations before income taxes	(287,282)	45,917	(277,828)	73,960
Income tax benefit (provision)	96,740	11,968	95,220	5,788
(Loss) earnings from continuing operations	(190,542)	57,885	(182,608)	79,748
(Loss) earnings from discontinued operations, net of tax	0	(153)	0	(28)
Net (loss) earnings	(190,542)	57,732	(182,608)	79,720
Net (earnings) loss attributable to noncontrolling interests	(4,233)	1,573	(3,885)	5,990
Net (loss) earnings attributable to IAC shareholders	(194,775)	59,305	(186,493)	85,710
Comprehensive (loss) income attributable to IAC shareholders	(201,218)	72,283	(172,928)	43,115
Eliminations
Condensed Financial Statements, Captions [Line Items]
Revenue	(3,885)	(2,888)	(6,763)	(5,219)
Operating costs and expenses:
Cost of revenue (exclusive of depreciation shown separately below)	(632)	(193)	(1,243)	(440)
Selling and marketing expense	(3,261)	(2,702)	(5,536)	(4,793)
General and administrative expense	8	7	16	14
Product development expense	0	0	0	0
Depreciation	0	0	0	0
Amortization of intangibles	0	0	0	0
Goodwill impairment	0		0
Total operating costs and expenses	(3,885)	(2,888)	(6,763)	(5,219)
Operating (loss) income	0	0	0	0
Equity in earnings (losses) of unconsolidated affiliates	169,031	(89,612)	127,628	(140,799)
Interest expense	0	0	0	0
Other (expense) income, net	0	0	0	0
(Loss) earnings from continuing operations before income taxes	169,031	(89,612)	127,628	(140,799)
Income tax benefit (provision)	0	0	0	0
(Loss) earnings from continuing operations	169,031	(89,612)	127,628	(140,799)
(Loss) earnings from discontinued operations, net of tax	0	(3)	0	(3)
Net (loss) earnings	169,031	(89,615)	127,628	(140,802)
Net (earnings) loss attributable to noncontrolling interests	0	0	0	0
Net (loss) earnings attributable to IAC shareholders	169,031	(89,615)	127,628	(140,802)
Comprehensive (loss) income attributable to IAC shareholders	162,939	(99,971)	99,318	(88,629)
IAC
Condensed Financial Statements, Captions [Line Items]
Revenue	0	0	0	0
Operating costs and expenses:
Cost of revenue (exclusive of depreciation shown separately below)	381	294	592	539
Selling and marketing expense	871	1,010	1,760	2,065
General and administrative expense	24,860	33,942	43,833	58,006
Product development expense	1,739	2,330	3,118	4,507
Depreciation	415	426	852	827
Amortization of intangibles	0	0	0	0
Goodwill impairment	0		0
Total operating costs and expenses	28,266	38,002	50,155	65,944
Operating (loss) income	(28,266)	(38,002)	(50,155)	(65,944)
Equity in earnings (losses) of unconsolidated affiliates	(150,210)	75,197	(116,667)	137,931
Interest expense	(6,996)	(12,992)	(14,414)	(25,982)
Other (expense) income, net	(18,989)	(7,506)	(28,972)	(16,859)
(Loss) earnings from continuing operations before income taxes	(204,461)	16,697	(210,208)	29,146
Income tax benefit (provision)	9,686	42,761	23,715	56,592
(Loss) earnings from continuing operations	(194,775)	59,458	(186,493)	85,738
(Loss) earnings from discontinued operations, net of tax	0	(153)	0	(28)
Net (loss) earnings	(194,775)	59,305	(186,493)	85,710
Net (earnings) loss attributable to noncontrolling interests	0	0	0	0
Net (loss) earnings attributable to IAC shareholders	(194,775)	59,305	(186,493)	85,710
Comprehensive (loss) income attributable to IAC shareholders	(201,218)	72,283	(172,928)	43,115
Guarantor Subsidiaries
Condensed Financial Statements, Captions [Line Items]
Revenue	322,969	397,941	707,479	812,355
Operating costs and expenses:
Cost of revenue (exclusive of depreciation shown separately below)	69,374	81,348	142,191	166,787
Selling and marketing expense	162,835	204,791	371,606	418,156
General and administrative expense	43,842	39,149	83,714	74,083
Product development expense	20,098	20,974	44,516	41,572
Depreciation	7,215	6,755	14,188	13,380
Amortization of intangibles	27,098	4,182	29,083	8,363
Goodwill impairment	253,245		253,245
Total operating costs and expenses	583,707	357,199	938,543	722,341
Operating (loss) income	(260,738)	40,742	(231,064)	90,014
Equity in earnings (losses) of unconsolidated affiliates	(18,821)	14,415	(10,961)	2,868
Interest expense	0	(2,160)	0	(3,198)
Other (expense) income, net	1,874	16,177	5,978	25,633
(Loss) earnings from continuing operations before income taxes	(277,685)	69,174	(236,047)	115,317
Income tax benefit (provision)	93,393	(21,597)	80,177	(44,375)
(Loss) earnings from continuing operations	(184,292)	47,577	(155,870)	70,942
(Loss) earnings from discontinued operations, net of tax	0	0	0	0
Net (loss) earnings	(184,292)	47,577	(155,870)	70,942
Net (earnings) loss attributable to noncontrolling interests	0	0	0	0
Net (loss) earnings attributable to IAC shareholders	(184,292)	47,577	(155,870)	70,942
Comprehensive (loss) income attributable to IAC shareholders	(171,896)	48,886	(136,977)	66,457
Non-Guarantor Subsidiaries
Condensed Financial Statements, Captions [Line Items]
Revenue	426,355	376,079	863,902	736,508
Operating costs and expenses:
Cost of revenue (exclusive of depreciation shown separately below)	101,274	96,514	222,591	197,814
Selling and marketing expense	135,080	121,611	310,036	271,764
General and administrative expense	83,425	56,251	160,814	112,040
Product development expense	28,074	23,126	58,107	45,608
Depreciation	9,945	8,319	18,330	16,861
Amortization of intangibles	9,877	10,229	21,712	18,603
Goodwill impairment	22,122		22,122
Total operating costs and expenses	389,797	316,050	813,712	662,690
Operating (loss) income	36,558	60,029	50,190	73,818
Equity in earnings (losses) of unconsolidated affiliates	0	0	0	0
Interest expense	(20,648)	(62)	(41,090)	(98)
Other (expense) income, net	9,923	(10,309)	31,699	(3,424)
(Loss) earnings from continuing operations before income taxes	25,833	49,658	40,799	70,296
Income tax benefit (provision)	(6,339)	(9,196)	(8,672)	(6,429)
(Loss) earnings from continuing operations	19,494	40,462	32,127	63,867
(Loss) earnings from discontinued operations, net of tax	0	3	0	3
Net (loss) earnings	19,494	40,465	32,127	63,870
Net (earnings) loss attributable to noncontrolling interests	(4,233)	1,573	(3,885)	5,990
Net (loss) earnings attributable to IAC shareholders	15,261	42,038	28,242	69,860
Comprehensive (loss) income attributable to IAC shareholders	$ 8,957	$ 51,085	$ 37,659	$ 22,172

GUARANTOR AND NON-GUARANTOR F68

GUARANTOR AND NON-GUARANTOR FINANCIAL INFORMATION - STATEMENT OF CASH FLOWS (Details3) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Condensed Cash Flow Statements, Captions [Line Items]
Net cash (used in) provided by operating activities attributable to continuing operations	$ 65,929	$ 85,779
Cash flows from investing activities attributable to continuing operations:
Acquisitions, net of cash acquired	(2,524)	(43,286)
Capital expenditures	(35,133)	(26,816)
Purchase of time deposits	(87,500)	0
Proceeds from maturities of time deposits	87,500	0
Proceeds from maturities and sales of marketable debt securities	32,500	14,613
Purchases of marketable debt securities	(79,366)	(93,134)
Purchases of investments	(5,056)	(12,840)
Net proceeds from the sale of businesses and investments	103,735	6,203
Other, net	4,815	2,396
Net cash provided by (used in) investing activities attributable to continuing operations	18,971	(152,864)
Cash flows from financing activities attributable to continuing operations:
Purchase of treasury stock	(214,635)	(200,000)
Proceeds from Match Group 2016 Senior Notes offering	400,000	0
Principal payments on Match Group Term Loan	(410,000)	0
Debt issuance costs	(4,621)	0
Dividends	0	(56,729)
Repurchase of Senior Notes	(61,110)	0
Issuance of IAC common stock pursuant to stock-based awards, net of withholding taxes	(13,097)	(20,656)
Issuance of Match Group common stock pursuant to stock-based awards, net of withholding taxes	2,176	0
Excess tax benefits from stock-based awards	21,871	36,465
Purchase of noncontrolling interests	(2,411)	(15,338)
Acquisition-related contingent consideration payments	(2,150)	(5,705)
Increase in restricted cash related to bond redemptions	(30,002)	0
Intercompany	0	0
Other, net	(488)	430
Net cash used in financing activities attributable to continuing operations	(314,467)	(261,533)
Total cash used in continuing operations	(229,567)	(328,618)
Total cash (used in) provided by discontinued operations	0	(243)
Effect of exchange rate changes on cash and cash equivalents	(5,896)	(5,135)
Net decrease in cash and cash equivalents	(235,463)	(333,996)
Cash and cash equivalents at beginning of period	1,481,447	990,405
Cash and cash equivalents at end of period	1,245,984	656,409
IAC
Condensed Cash Flow Statements, Captions [Line Items]
Net cash (used in) provided by operating activities attributable to continuing operations	(83,685)	(107,149)
Cash flows from investing activities attributable to continuing operations:
Acquisitions, net of cash acquired	0	0
Capital expenditures	(299)	(988)
Purchase of time deposits	0
Proceeds from maturities of time deposits	0
Proceeds from maturities and sales of marketable debt securities	32,500	14,613
Purchases of marketable debt securities	(79,366)	(93,134)
Purchases of investments	0	0
Net proceeds from the sale of businesses and investments	10,000	0
Other, net	0	3,613
Net cash provided by (used in) investing activities attributable to continuing operations	(37,165)	(75,896)
Cash flows from financing activities attributable to continuing operations:
Purchase of treasury stock	(214,635)	(200,000)
Proceeds from Match Group 2016 Senior Notes offering	0
Principal payments on Match Group Term Loan	0
Debt issuance costs	0
Dividends		(56,729)
Repurchase of Senior Notes	(61,110)
Issuance of IAC common stock pursuant to stock-based awards, net of withholding taxes	(13,097)	(20,656)
Issuance of Match Group common stock pursuant to stock-based awards, net of withholding taxes	0
Excess tax benefits from stock-based awards	16,651	19,064
Purchase of noncontrolling interests	(1,400)	0
Acquisition-related contingent consideration payments	0	0
Increase in restricted cash related to bond redemptions	(30,002)
Intercompany	31,974	107,529
Other, net	275	166
Net cash used in financing activities attributable to continuing operations	(271,344)	(150,626)
Total cash used in continuing operations	(392,194)	(333,671)
Total cash (used in) provided by discontinued operations		(246)
Effect of exchange rate changes on cash and cash equivalents	0	0
Net decrease in cash and cash equivalents	(392,194)	(333,917)
Cash and cash equivalents at beginning of period	1,073,053	762,231
Cash and cash equivalents at end of period	680,859	428,314
Guarantor Subsidiaries
Condensed Cash Flow Statements, Captions [Line Items]
Net cash (used in) provided by operating activities attributable to continuing operations	76,888	129,741
Cash flows from investing activities attributable to continuing operations:
Acquisitions, net of cash acquired	0	(2,574)
Capital expenditures	(11,256)	(11,533)
Purchase of time deposits	0
Proceeds from maturities of time deposits	0
Proceeds from maturities and sales of marketable debt securities	0	0
Purchases of marketable debt securities	0	0
Purchases of investments	0	0
Net proceeds from the sale of businesses and investments	0	0
Other, net	158	48
Net cash provided by (used in) investing activities attributable to continuing operations	(11,098)	(14,059)
Cash flows from financing activities attributable to continuing operations:
Purchase of treasury stock	0	0
Proceeds from Match Group 2016 Senior Notes offering	0
Principal payments on Match Group Term Loan	0
Debt issuance costs	0
Dividends		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	(321)	(195)
Increase in restricted cash related to bond redemptions	0
Intercompany	(65,469)	(115,487)
Other, net	0	0
Net cash used in financing activities attributable to continuing operations	(65,790)	(115,682)
Total cash used in continuing operations	0	0
Total cash (used in) provided by discontinued operations		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	72,726	63,187
Cash flows from investing activities attributable to continuing operations:
Acquisitions, net of cash acquired	(2,524)	(40,712)
Capital expenditures	(23,578)	(14,295)
Purchase of time deposits	(87,500)
Proceeds from maturities of time deposits	87,500
Proceeds from maturities and sales of marketable debt securities	0	0
Purchases of marketable debt securities	0	0
Purchases of investments	(5,056)	(12,840)
Net proceeds from the sale of businesses and investments	93,735	6,203
Other, net	4,657	(1,265)
Net cash provided by (used in) investing activities attributable to continuing operations	67,234	(62,909)
Cash flows from financing activities attributable to continuing operations:
Purchase of treasury stock	0	0
Proceeds from Match Group 2016 Senior Notes offering	400,000
Principal payments on Match Group Term Loan	(410,000)
Debt issuance costs	(4,621)
Dividends		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	2,176
Excess tax benefits from stock-based awards	5,220	17,401
Purchase of noncontrolling interests	(1,011)	(15,338)
Acquisition-related contingent consideration payments	(1,829)	(5,510)
Increase in restricted cash related to bond redemptions	0
Intercompany	33,495	7,958
Other, net	(763)	264
Net cash used in financing activities attributable to continuing operations	22,667	4,775
Total cash used in continuing operations	162,627	5,053
Total cash (used in) provided by discontinued operations		3
Effect of exchange rate changes on cash and cash equivalents	(5,896)	(5,135)
Net decrease in cash and cash equivalents	156,731	(79)
Cash and cash equivalents at beginning of period	408,394	228,174
Cash and cash equivalents at end of period	$ 565,125	$ 228,095