XML 31 R20.htm IDEA: XBRL DOCUMENT v3.7.0.1
Earnings Per Share
6 Months Ended
Jun. 30, 2017
Earnings Per Share Reconciliation [Abstract]  
Earnings Per Share
Earnings Per Share
 
The components of basic and diluted earnings per share are as follows (in thousands, except share and per share data):
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2017
 
2016
 
2017
 
2016
Numerator for basic and diluted net income per common share:
 
 
 
 
 
 
 
Net income attributable to j2 Global, Inc. common shareholders
$
31,376

 
$
33,770

 
$
57,196

 
$
63,713

Net income available to participating securities (a)
(401
)
 
(494
)
 
(708
)
 
(905
)
Net income available to j2 Global, Inc. common shareholders
$
30,975

 
$
33,276

 
$
56,488

 
$
62,808

Denominator:
 
 
 
 
 
 
 
Weighted-average outstanding shares of common stock
47,547,118

 
48,055,783

 
47,505,406

 
48,011,250

Dilutive effect of:
 
 
 
 
 
 
 
Equity incentive plans
235,814

 
209,515

 
239,367

 
221,095

Convertible debt (b)
1,165,383

 

 
1,112,632

 
19,353

Common stock and common stock equivalents
48,948,315

 
48,265,298

 
48,857,405

 
48,251,698

Net income per share:
 
 
 
 
 
 
 
Basic
$
0.65

 
$
0.69

 
$
1.19

 
$
1.31

Diluted
$
0.63

 
$
0.69

 
$
1.16

 
$
1.30


(a) 
Represents unvested share-based payment awards that contain certain non-forfeitable rights to dividends or dividend equivalents (whether paid or unpaid).

(b) 
Represents the incremental shares issuable upon conversion of the Convertible Notes due June 15, 2029 by applying the treasury stock method when the average stock price exceeds the conversion price of the Convertible Notes (see Note 8 - Long Term Debt).

For the three months ended June 30, 2017 and 2016, there were zero and 62,000 options outstanding, respectively, which were excluded from the computation of diluted earnings per share because the exercise prices were greater than the average market price of the common stock. For the six months ended June 30, 2017 and 2016, there were zero and 62,000 options outstanding, respectively, which were excluded from the computation of diluted earnings per share because the exercise prices were greater than the average market price of the common stock.