SHAREHOLDERS' EQUITY (Note)

9 Months Ended

Sep. 30, 2016

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



	Three Months Ended September 30,		Nine Months Ended September 30,
	2016	2015	2016	2015
Weighted average basic common shares	11,754	11,445	11,827	11,378
Effect of stock options	913	891	877	841
Effect of dilutive share awards	75	153	78	160
Weighted average diluted common shares	12,742	12,489	12,782	12,379

No shares related to potentially dilutive securities were excluded from the calculation of diluted income per share for the three and nine months ended September 30, 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 nine months ended September 30, 2016 and 2015, the Company purchased 690,218 and 5,250 shares, respectively, of its common stock pursuant to this stock repurchase program. At September 30, 2016, approximately $48.7 million of the previous authorizations to repurchase common stock remain available for the Company to purchase its common stock.