SHAREHOLDERS' EQUITY

12 Months Ended

Dec. 31, 2015

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



	Year Ended December 31,
	2015	2014	2013
Weighted average basic common shares	11,516	11,188	11,035
Effect of stock options	866	—	—
Effect of dilutive share awards	159	—	—
Weighted average diluted common shares	12,541	11,188	11,035

For the years ended December 31, 2014 and 2013, 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 these periods. For the years ended December 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 loss per share, because their inclusion would have been anti-dilutive.

See Note 8—Stock-Based Compensation for a full description of outstanding equity awards.

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 years ended December 31, 2015, 2014 and 2013, the Company purchased 5,250, 99,345 and 180,453 shares, respectively, of its common stock for aggregate consideration of $0.2 million, $2.6 million and $3.3 million, respectively. At December 31, 2015, approximately $7.3 million remains authorized for share repurchase.

See Note 19—Subsequent Events for additional information about the repurchase of the Company's common stock.

Equity Offering

In November 2015, the Company completed an equity offering of 852,500 shares of its common stock. The common stock was issued at a price of $115.00 per share. The Company received net proceeds of $91.5 million, after deducting approximately $5.9 million in underwriting discounts and $0.7 million in offering expenses. The Company expects to use the net proceeds of the offering for general corporate purposes, including but not limited to, working capital and potential acquisitions.