Earnings Per Share

6 Months Ended

Jun. 30, 2021

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, 2021			Six Months Ended June 30,
		2021		2020		2021		2020
Numerator for basic and diluted net income per common share:
Net income attributable to J2 Global, Inc. common shareholders		$	15,717	$	38,101	$	93,640	$	31,697
Net income available to participating securities (a)		(15)		(178)		(100)		(221)
Net income available to J2 Global, Inc. common shareholders		$	15,702	$	37,923	$	93,540	$	31,476
Denominator:
Weighted-average outstanding shares of common stock		44,613,533		46,850,944		44,506,933		47,235,859
Dilutive effect of:
Equity incentive plans		138,714		—		123,708		20,037
Convertible debt (b)		2,776,655		586,611		2,500,338		1,023,521
Common stock and common stock equivalents		47,528,902		47,437,555		47,130,979		48,279,417
Net income per share:
Basic		$	0.35	$	0.81	$	2.10	$	0.67
Diluted		$	0.33	$	0.80	$	1.98	$	0.65

(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 (subsequently redeemed in full) 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, 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.