SHAREHOLDERS' EQUITY (Note)

6 Months Ended

Jun. 30, 2016

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



	Three Months Ended June 30,		Six Months Ended June 30,
	2016	2015	2016	2015
Weighted average basic common shares	11,795	11,382	11,863	11,343
Effect of stock options	869	806	855	758
Effect of dilutive share awards	66	146	82	156
Weighted average diluted common shares	12,730	12,334	12,800	12,257

No shares related to potentially dilutive securities were excluded from the calculation of diluted income per share for the three and six months ended June 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 six months ended June 30, 2016 and 2015, the Company purchased 686,627 and 5,250 shares, respectively, of its common stock pursuant to this stock repurchase program. At June 30, 2016, approximately $49.1 million of the previous authorizations to repurchase common stock remain available for the Company to purchase its common stock.