Earnings Per Share

9 Months Ended

Sep. 30, 2019

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 September 30,						Nine Months Ended September 30,
	2019			2018			2019			2018
Numerator for basic and diluted net income per common share:
Net income attributable to J2 Global, Inc. common shareholders	$	30,745		$	30,723		$	95,783		$	78,072
Net income available to participating securities (a)	(511		)	(426		)	(1,361		)	(1,065		)
Net income available to J2 Global, Inc. common shareholders	$	30,234		$	30,297		$	94,422		$	77,007
Denominator:
Weighted-average outstanding shares of common stock	47,673,211			48,009,953			47,654,327			47,945,264
Dilutive effect of:
Equity incentive plans	68,413			147,916			73,906			140,396
Convertible debt (b)	1,322,648			1,121,348			1,164,290			982,993
Common stock and common stock equivalents	49,064,272			49,279,217			48,892,523			49,068,653
Net income per share:
Basic	$	0.63		$	0.63		$	1.98		$	1.61
Diluted	$	0.62		$	0.61		$	1.93		$	1.57

^(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 and nine months ended September 30, 2019 and 2018, there were zero 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.