SHAREHOLDERS' EQUITY

3 Months Ended

Mar. 31, 2020

Earnings Per Share [Abstract]

SHAREHOLDERS' EQUITY

SHAREHOLDERS' EQUITY 

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

	Three Months Ended March 31,
	2020	2019
Weighted average basic common shares	12,957	12,718
Effect of stock options	628	686
Effect of dilutive share awards	104	161
Effect of Convertible Senior Notes and warrants	469	621
Weighted average diluted common shares	14,158	14,186

For the first quarter of 2020, the weighted average shares that were anti-dilutive, and therefore excluded from the calculation of diluted income per share, included options to purchase 0.1 million shares of common stock. For the first quarter of 2019, the weighted average shares that were anti-dilutive included options to purchase 0.4 million shares of common stock.

The 0.625% Convertible Senior Notes due June 1, 2022 and the warrants issued by the Company in 2017 could be converted into the Company’s common stock, subject to certain contingencies. See Note 13—Debt for additional information.

Common Stock Repurchases

In each of February 2018 and February 2019, the board of directors authorized and the Company announced the repurchase of up to $100.0 million and $150.0 million, respectively, of LendingTree's common stock. During the first quarter of 2019, the Company purchased 17,501 shares of its common stock for aggregate consideration of $4.0 million. At March 31, 2020, approximately $179.7 million of the previous authorizations to repurchase common stock remain available.