SHAREHOLDERS' EQUITY (Note)

3 Months Ended

Mar. 31, 2016

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



	Three Months Ended March 31,
	2016	2015
Weighted average basic common shares	11,931	11,304
Effect of stock options	840	693
Effect of dilutive share awards	102	168
Weighted average diluted common shares	12,873	12,165

No shares related to potentially dilutive securities were excluded from the calculation of diluted income per share for the three months ended March 31, 2016 and 2015.

Common Stock Repurchases

In each of January 2010, May 2014, January 2016 and February 2016, the board of directors authorized and the Company announced the repurchase of up to $10.0 million, $10.0 million, $50.0 million and $40.0 million, respectively, of LendingTree's common stock. During the three months ended March 31, 2016 and 2015, the Company purchased 580,014 and 5,250 shares, respectively, of its common stock pursuant to this stock repurchase program. At March 31, 2016, approximately $56.7 million of the previous authorizations to repurchase common stock remain available for the Company to purchase its common stock.