SHAREHOLDERS' EQUITY

6 Months Ended

Jun. 30, 2015

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



	Three Months Ended June 30,		Six Months Ended June 30,
	2015	2014	2015	2014
Weighted average basic common shares	11,382	11,214	11,343	11,178
Effect of stock options	806	461	758	—
Effect of dilutive share awards	146	174	156	—
Weighted average diluted common shares	12,334	11,849	12,257	11,178

For the six months ended June 30, 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 six months ended June 30, 2014, approximately 0.7 million shares related to potentially dilutive securities were excluded from the calculation of diluted loss per share, because their inclusion would have been anti-dilutive. For the three months ended June 30, 2014, less than 0.1 million shares related to potentially dilutive securities were excluded from the calculation of diluted earnings per share, because their inclusion would have been anti-dilutive. No potentially dilutive securities were excluded from the calculation of diluted earnings per share for the three and six months ended June 30, 2015.

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 and six months ended June 30, 2015, the Company purchased 0 and 5,250 shares, respectively, of its common stock pursuant to this stock repurchase program. At June 30, 2015, approximately $7.3 million remains authorized for share repurchase.