XML 62 R48.htm IDEA: XBRL DOCUMENT
v3.20.4

Quarterly Results (unaudited) (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2020
Quarterly Financial Information Disclosure [Abstract] |
Selected Unaudited Quarterly Financial Information | The following tables contain selected unaudited Statements of Operations information for each quarter of 2020 and 2019 (in thousands, except share and per share data). J2 Global believes that the following information reflects all normal recurring adjustments necessary for a fair presentation of the information for the periods presented. The operating results for any quarter are not necessarily indicative of results for any future period.
| Year Ended December 31, 2020
| Fourth Quarter |  | Third Quarter |  | Second Quarter |  | First Quarter
Revenues | $ | 469,240 |  |  | $ | 356,976 |  |  | $ | 330,984 |  |  | $ | 332,393 |
Gross profit |  | 409,213 |  |  |  | 301,154 |  |  |  | 274,182 |  |  |  | 273,262 |
Net income |  | 58,088 |  |  |  | 60,883 |  |  |  | 38,101 |  |  |  | (6,404) |
Net income per common share: |  |  |  |  |  |  |  |  |  |  |
Basic | $ | 1.30 |  |  | $ | 1.31 |  |  | $ | 0.81 |  |  | $ | (0.13) |
Diluted | $ | 1.27 |  |  | $ | 1.31 |  |  | $ | 0.80 |  |  | $ | (0.13) |
Weighted average shares outstanding |  |  |  |  |  |  |  |  |  |  |
Basic |  | 44,504,222 |  |  |  | 46,279,515 |  |  |  | 46,850,944 |  |  |  | 47,620,774 |
Diluted |  | 45,642,292 |  |  |  | 46,309,072 |  |  |  | 47,437,555 |  |  |  | 47,620,774 |
| Year Ended December 31, 2019
| Fourth Quarter |  | Third Quarter |  | Second Quarter |  | First Quarter
Revenues | $ | 405,588 |  |  | $ | 344,141 |  |  | $ | 322,432 |  |  | $ | 299,893 |
Gross profit |  | 341,260 |  |  |  | 282,425 |  |  |  | 262,166 |  |  |  | 248,880 |
Net income (1) |  | 123,023 |  |  |  | 30,745 |  |  |  | 32,589 |  |  |  | 32,449 |
Net income per common share: |  |  |  |  |  |  |  |  |  |  |
Basic | $ | 2.54 |  |  | $ | 0.63 |  |  | $ | 0.67 |  |  | $ | 0.67 |
Diluted | $ | 2.45 |  |  | $ | 0.62 |  |  | $ | 0.66 |  |  | $ | 0.66 |
Weighted average shares outstanding |  |  |  |  |  |  |  |  |  |  |
Basic |  | 47,626,833 |  |  |  | 47,673,211 |  |  |  | 47,727,786 |  |  |  | 47,560,749 |
Diluted |  | 49,425,395 |  |  |  | 49,064,272 |  |  |  | 49,102,879 |  |  |  | 48,509,181 |
(1) The increase in the Company’s net income in the fourth quarter of 2019 is primarily driven by the tax benefit recognized as a result of an intra-entity asset transfer (see Note 13 - Income Taxes).

X
- References No definition available. + Details
Name: | us-gaap_QuarterlyFinancialInformationDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of quarterly financial data. Includes, but is not limited to, financial information for fiscal quarters, cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121640914&loc=d3e1280-108306 + Details
Name: | us-gaap_ScheduleOfQuarterlyFinancialInformationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration