Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2021

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):

	Years Ended December 31,
	2021		2020 (1)		2019 (1)
Numerator for basic and diluted net income per common share:
Net income from continuing operations attributable to common shareholders	$	121,174	$	122,413	$	178,883
Net income available to participating securities (2)	(359)		—		—
Net income available to common shareholders from continuing operations	$	120,815	$	122,413	$	178,883
Denominator:
Weighted-average outstanding shares of common stock	19,904,237		19,902,924		19,902,924
Dilutive effect of:
Equity incentive plans	71,000		—		—
Employee Stock Purchase Plan	11,652		—		—
Common stock and common stock equivalents	19,986,889		19,902,924		19,902,924
Net income per share from continuing operations:
Basic	$	6.07	$	6.15	$	8.99
Diluted	$	6.04	$	6.15	$	8.99

(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 years ended December 31, 2020 and 2019, respectively because the number of shares issued simply reflect a recharacterization of the capital account previously held by the former parent (see Note 1 - The Company).

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

For the year ended December 31, 2021, 191,076 anti-dilutive shares were excluded from earnings per share calculation.