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Table of Contents
IAC/INTERACTIVECORP AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
NOTE 12—EARNINGS PER SHARE
The following table sets forth the computation of basic and diluted earnings (loss) per share attributable to IAC shareholders.
Years Ended December 31,
2010
2009
2008
Basic
Diluted
Basic
Diluted
Basic
Diluted
(In thousands, except per share data)
Numerator:
(Loss) earnings
from continuing
operations
(9,393
)
$
(9,393
)
$
(956,473
)
$
(956,473
)
141,935
$
141,935
Net loss
attributable to
noncontrolling
interests
5,007
5,007
1,090
1,090
7,960
7,960
(Loss) earnings
from continuing
operations
attributable to
IAC
shareholders
(4,386
)
(4,386
)
(955,383
)
(955,383
)
149,895
149,895
Income (loss) from
discontinued
operations, net
of tax(a)
103,745
103,745
(23,439
)
(23,439
)
(306,096
)
(306,096
)
Net earnings (loss)
attributable to
IAC
shareholders
99,359
$
99,359
$
(978,822
)
$
(978,822
)
(156,201
)
$
(156,201
)
Denominator:
Weighted average
basic shares
outstanding
106,274
106,274
138,599
138,599
139,850
139,850
Dilutive securities
including stock
options,
warrants, RSUs
and PSUs(b)(c)
—
—
—
—
—
4,126
Denominator for
earnings per
share—
weighted
average shares
(b)(c)
106,274
106,274
138,599
138,599
139,850
143,976
Earnings (loss)
per share
attributable to
IAC
shareholders:
(Loss) earnings per
share from
continuing
operations
(0.04
)
$
(0.04
)
$
(6.89
)
$
(6.89
)
1.07
$
1.04
Discontinued
operations, net
of tax
0.97
0.97
(0.17
)
(0.17
)
(2.19
)
(2.12
)
Earnings (loss) per
share
0.93
$
0.93
$
(7.06
)
$
(7.06
)
(1.12
)
$
(1.08
)