SHAREHOLDERS' EQUITY (Note)

3 Months Ended

Mar. 31, 2017

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



	Three Months Ended March 31,
	2017	2016
Weighted average basic common shares	11,827	11,931
Effect of stock options	1,553	840
Effect of dilutive share awards	97	102
Weighted average diluted common shares	13,477	12,873

No shares related to potentially dilutive securities were excluded from the calculation of diluted income per share for the three months ended March 31, 2017 and 2016.

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, the Company purchased 580,014 shares of its common stock pursuant to this stock repurchase program. At March 31, 2017, approximately $48.7 million of the previous authorizations to repurchase common stock remain available for the Company to purchase its common stock.