SHAREHOLDERS' EQUITY

3 Months Ended

Mar. 31, 2014

Earnings Per Share [Abstract]

Earnings Per Share

SHAREHOLDERS' EQUITY

The basic and diluted earnings per share were determined based on the following share data (in thousands):

	Three Months Ended March 31,
	2014	2013
Weighted average basic common shares	11,142	10,967
Effect of stock options	—	—
Effect of dilutive share awards	—	—
Weighted average common shares	11,142	10,967

For the three months ended March 31, 2014 and 2013, we had losses from continuing operations and, as a result, no potentially dilutive securities were included in the denominator for computing diluted earnings per share, because the impact would have been anti-dilutive. Accordingly, the weighted average basic shares outstanding were used to compute earnings per share amounts for these periods. For the three months ended March 31, 2014 and 2013, approximately 0.7 million and 0.7 million shares, respectively, related to potentially dilutive securities were excluded from the calculation of diluted earnings per share, because their inclusion would have been anti-dilutive.

Common Stock Repurchases

On January 11, 2010, the board of directors authorized the repurchase of up to $10 million of Tree.com's common stock.  During the three months ended March 31, 2014, the Company did not purchase any shares of its common stock pursuant to this stock repurchase program. At March 31, 2014, approximately $0.8 million remains authorized for share repurchase. 

On May 7, 2014, the board of directors authorized the repurchase of up to an additional $10 million of Tree.com's common stock.