Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2022

Earnings Per Share [Abstract]

Components of Basic and Diluted 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,
	2022		2021 (1)		2022		2021 (1)
Numerator for basic and diluted net income per common share:
Net income from continuing operations attributable to common shareholders	$	17,141	$	41,132	$	58,120	$	119,220
Net income available to participating securities (2)	(25)		—		(107)		—
Net income available to common shareholders from continuing operations	$	17,116	$	41,132	$	58,013	$	119,220
Denominator:
Weighted-average outstanding shares of common stock	19,791,019		19,902,924		19,879,759		19,902,924
Dilutive effect of:
Equity incentive plans	79,099		—		57,502		—
Employee Stock Purchase Plan	15,762		—		14,392		—
Common stock and common stock equivalents	19,885,880		19,902,924		19,951,653		19,902,924
Net income per share from continuing operations:
Basic	$	0.86	$	2.07	$	2.92	$	5.99
Diluted	$	0.86	$	2.07	$	2.91	$	5.99

(1) On October 7, 2021, the separation of Consensus into an independent publicly traded company was completed. The Former Parent distributed 19,902,924 shares of Consensus common stock to holders of J2 Global common stock as of the close of business on October 1, 2021, the record date for the distribution. This share amount was utilized for the computation of basic and diluted earnings per share for the three and nine months ended September 30, 2021 because the number of shares issued simply reflect a recharacterization of the capital account previously held by the Former Parent.

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