Supplemental Cash Flows Information

12 Months Ended

Dec. 31, 2014

Supplemental Cash Flows Information [Abstract]

Cash Flow, Supplemental Disclosures [Text Block]

Supplemental Cash Flows Information

Cash paid for interest during the years ended December 31, 2014, 2013 and 2012 was $26.6 million, $21.1 million and $0.4 million, respectively, substantially all of which related to interest on outstanding debt, foreign taxes and interest on settled acquisition holdback.

Cash paid for income taxes net of refunds received was $49.5 million, $28.3 million and $20.4 million during the years ended December 31, 2014, 2013 and 2012, respectively.

The Company acquired property and equipment for $0.6 million, $0.9 million and $0.6 million during the years ended December 31, 2014, 2013 and 2012, respectively, which had not been yet paid at the end of each such year.

During the years ended December 31, 2014, 2013 and 2012, j2 Global recorded the tax benefit from the exercise of stock options and restricted stock as a reduction of its income tax liability of $10.2 million, $7.1 million and $3.3 million, respectively.

Included in the purchase prices of the acquisitions closed during the years ended December 31, 2014, 2013 and 2012 were contingent holdbacks of $45.3 million, $7.0 million and $2.5 million, respectively. These are recorded as current accrued expenses or other long-term liabilities with a maturity equal to the expected holdback release date.

In connection with the December 31, 2013 reorganization of Ziff Davis, Inc. into Ziff Davis, LLC, the Company acquired, in a non-cash transaction, all of the minority holders' equity interests in ZD, Inc., which included shares of Ziff Davis, Inc. Series A Preferred Stock and Ziff Davis, Inc. common stock. In this transaction, the Company issued the minority holders an aggregate fair market value of j2 common stock, j2 Series A Preferred Stock and j2 Series B Preferred Stock equal to the fair market value of the minority holders' shares in ZD, Inc. (see Note 12 - Stockholders' Equity). As a result of this reorganization, on December 31, 2013, the Ziff Davis Series A Preferred Stock and Ziff Davis common stock was extinguished, resulting in loss on extinguishment of debt and related interest expense of $14.4 million within the consolidated statement of income, in accordance with ASC 480, Distinguishing Liabilities from Equity.