Earnings Per Share

6 Months Ended

Jun. 30, 2020

Earnings Per Share Reconciliation [Abstract]

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,
	2020		2019		2020		2019
Numerator for basic and diluted net income per common share:
Net income attributable to J2 Global, Inc. common shareholders	$	38,101	$	32,589	$	31,697	$	65,038
Net income available to participating securities ^(a)	(178)		(401)		(221)		(825)
Net income available to J2 Global, Inc. common shareholders	$	37,923	$	32,188	$	31,476	$	64,213
Denominator:
Weighted-average outstanding shares of common stock	46,850,944		47,727,786		47,235,859		47,644,729
Dilutive effect of:
Equity incentive plans	—		64,291		20,037		76,652
Convertible debt ^(b)	586,611		1,310,802		1,023,521		1,085,111
Common stock and common stock equivalents	47,437,555		49,102,879		48,279,417		48,806,492
Net income per share:
Basic	$	0.81	$	0.67	$	0.67	$	1.35
Diluted	$	0.80	$	0.66	$	0.65	$	1.32

^(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 9 - Debt).

For the three and six months ended June 30, 2020 and 2019, 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.