SHAREHOLDERS' EQUITY

3 Months Ended

Mar. 31, 2015

Earnings Per Share [Abstract]

SHAREHOLDERS' EQUITY

SHAREHOLDERS' EQUITY

Basic and diluted income (loss) per share was determined based on the following share data (in thousands):

	Three Months Ended March 31,
	2015	2014
Weighted average basic common shares	11,304	11,142
Effect of stock options	693	—
Effect of dilutive share awards	168	—
Weighted average diluted common shares	12,165	11,142

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

Common Stock Repurchases

In January 2010, the board of directors authorized and the Company announced the repurchase of up to $10.0 million of LendingTree's common stock.  In May 2014, the board of directors authorized and the Company announced the repurchase of up to an additional $10.0 million of LendingTree's common stock. During the three months ended March 31, 2015, the Company purchased 5,250 shares of its common stock pursuant to this stock repurchase program. At March 31, 2015, approximately $7.3 million remains authorized for share repurchase.