Earnings Per Share

3 Months Ended

Mar. 31, 2021

The components of basic and diluted earnings per share are as follows (in thousands, except share and per share data):


	Three Months Ended March 31,
		2021		2020
Numerator for basic and diluted net income (loss) per common share:
Net income (loss) attributable to J2 Global, Inc. common shareholders		$	77,922	$	(6,404)
Net income (loss) available to participating securities (a)		(88)		—
Net income (loss) available to J2 Global, Inc. common shareholders		$	77,834	$	(6,404)
Denominator:
Weighted-average outstanding shares of common stock		44,399,149		47,620,774
Dilutive effect of:
Equity incentive plans (b)		108,703		—
Convertible debt (b)(c)		2,224,020		—
Common stock and common stock equivalents		46,731,872		47,620,774
Net income (loss) per share:
Basic		$	1.75	$	(0.13)
Diluted		$	1.67	$	(0.13)

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

(b)For the three months ended March 31, 2020, the Company reported a net loss attributable to common shareholders. As a result, equity incentive awards of 40,074 and incremental shares of common stock issuable upon conversion of the 3.25% and 1.75% Convertible Notes of 1,460,431 and zero, respectively, were excluded from the calculation of diluted EPS.

(c)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 March 31, 2021 and 2020, 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.