Earnings Per Share

12 Months Ended

Dec. 31, 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):

	Years Ended December 31,
	2019			2018			2017
Numerator for basic and diluted net income per common share:
Net income attributable to J2 Global, Inc. common shareholders	$	218,806		$	128,687		$	139,425
Net income available to participating securities (a)	(3,496		)	(1,885		)	(1,792		)
Net income available to J2 Global, Inc. common shareholders	$	215,310		$	126,802		$	137,633
Denominator:
Weighted-average outstanding shares of common stock	47,647,397			47,950,746			47,586,242
Dilutive effect of:
Equity incentive plans	78,076			146,906			228,166
Convertible debt (b)	1,300,211			830,139			854,619
Common stock and common stock equivalents	49,025,684			48,927,791			48,669,027
Net income per share:
Basic	$	4.52		$	2.64		$	2.89
Diluted	$	4.39		$	2.59		$	2.83

^(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 3.25% Convertible Notes due June 15, 2029 and 1.75% Convertible Notes due November 1, 2026 by applying the treasury stock method when the average stock price exceeds the conversion price of the Convertible Notes (see Note 10 - Long Term Debt)

For the years ended December 31, 2019, 2018 and 2017, 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.