XML 30 R19.htm IDEA: XBRL DOCUMENT v3.5.0.2
Earnings Per Share
 9 Months Ended
Sep. 30, 2016
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,
 
2016
 
2015
 
2016
 
2015
Numerator for basic and diluted net income per common share:
 
 
 
 
 
 
 
Net income attributable to j2 Global, Inc. common shareholders
$
45,569

 
$
37,375

 
$
109,281

 
$
98,169

Net income available to participating securities (a)
(718
)
 
(611
)
 
(1,610
)
 
(1,620
)
Net income available to j2 Global, Inc. common shareholders
$
44,851

 
$
36,764

 
$
107,671

 
$
96,549

Denominator:
 
 
 
 
 
 
 
Weighted-average outstanding shares of common stock
47,310,011

 
47,696,224

 
47,775,798

 
47,553,075

Dilutive effect of:
 
 
 
 
 
 
 
Equity incentive plans
184,733

 
257,647

 
208,974

 
224,547

Convertible debt (b)
—

 
—

 
12,902

 
—

Common stock and common stock equivalents
47,494,744

 
47,953,871

 
47,997,674

 
47,777,622

Net income per share:
 
 
 
 
 
 
 
Basic
$
0.95

 
$
0.77

 
$
2.25

 
$
2.03

Diluted
$
0.94

 
$
0.77

 
$
2.24

 
$
2.02


(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 7 - Long Term Debt).

For the three months ended September 30, 2016 and 2015, there were 62,000 and 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. For the nine months ended September 30, 2016 and 2015, there were 62,000 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.