SHAREHOLDERS' EQUITY

12 Months Ended

Dec. 31, 2016

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



	Year Ended December 31,
	2016	2015	2014
Weighted average basic common shares	11,812	11,516	11,188
Effect of stock options	886	866	—
Effect of dilutive share awards	75	159	—
Weighted average diluted common shares	12,773	12,541	11,188

For the year ended December 31, 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 this period. For the year ended December 31, 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.

See Note 9—Stock-Based Compensation for a full description of outstanding equity awards.

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 years ended December 31, 2016, 2015 and 2014, the Company purchased 690,218, 5,250 and 99,345 shares, respectively, of its common stock for aggregate consideration of $48.5 million, $0.2 million and $2.6 million, respectively. At December 31, 2016, approximately $48.7 million remains authorized for share repurchase.

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.