SUBSEQUENT EVENTS SUBSEQUENT EVENTS

12 Months Ended

Dec. 31, 2015

Subsequent Event [Line Items]

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS

Common Stock Repurchase Program

In January 2016, the board of directors authorized and the Company announced the addition of up to $50.0 million under the stock repurchase program. Between January 1, 2016 and February 26, 2016, the Company purchased 573,370 shares of its common stock for aggregate consideration of $40.0 million.

In February 2016, the board of directors further authorized and the Company announced the addition of up to $40.0 million under the stock repurchase program. As of February 26, 2016, approximately $57.3 million remains authorized for share repurchase.

Revolving Credit Facility

On February 25, 2016, the Company and its subsidiary, LendingTree, LLC, entered into the first amendment to credit agreement which amends the Revolving Credit Facility to increase the amount of permitted restricted payments under the agreement. See Note 10—Revolving Credit Facility for a description of the Revolving Credit Facility.