Earnings Per Share

9 Months Ended

Sep. 30, 2020

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,
	2020		2019		2020		2019
Numerator for basic and diluted net income per common share:
Net income attributable to J2 Global, Inc. common shareholders	$	60,883	$	30,745	$	92,580	$	95,783
Net income available to participating securities (a)	(89)		(511)		(477)		(1,361)
Net income available to J2 Global, Inc. common shareholders	$	60,794	$	30,234	$	92,103	$	94,422
Denominator:
Weighted-average outstanding shares of common stock	46,279,515		47,673,211		46,914,750		47,654,327
Dilutive effect of:
Equity incentive plans	29,557		68,413		23,211		73,906
Convertible debt (b)	—		1,322,648		682,347		1,164,290
Common stock and common stock equivalents	46,309,072		49,064,272		47,620,308		48,892,523
Net income per share:
Basic	$	1.31	$	0.63	$	1.96	$	1.98
Diluted	$	1.31	$	0.62	$	1.93	$	1.93

(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 months ended September 30, 2020 and 2019, there were 423,000 and zero options outstanding, respectively, and for the nine months ended September 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.