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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.
18. Subsequent Events
Effective January 14, 2011, the federal statutes of limitations for assessment of tax expired in connection with the tax years 2004 to
2006. As a result, in the first quarter 2011, the Company will recognize approximately $12.4 million of tax benefits and associated interest and
penalties that were previously reserved for as uncertain tax positions.
Year Ended December 31, 2010
Fourth
Quarter
Third
Quarter
Second
Quarter
First
Quarter
Revenues
$
71,025
$
62,778
$
61,311
$
60,280
Gross profit
58,317
52,046
50,931
50,014
Net earnings
26,867
19,834
18,710
17,636
Net earnings per common share:
Basic
$
0.60
$
0.44
$
0.42
$
0.40
Diluted
$
0.58
$
0.43
$
0.41
$
0.39
Weighted average shares outstanding
Basic
44,843,543
44,716,366
44,493,676
44,250,521
Diluted
46,358,698
45,939,172
45,808,173
45,421,180
Year Ended December 31, 2009
Fourth
Quarter
Third
Quarter
Second
Quarter
First
Quarter
Revenues
$
60,915
$
61,801
$
62,464
$
60,391
Gross profit
50,434
50,543
50,864
48,999
Net earnings
17,704
19,334
11,137
18,652
Net earnings per common share:
Basic
$
0.40
$
0.44
$
0.25
$
0.43
Diluted
$
0.39
$
0.43
$
0.25
$
0.42
Weighted average shares outstanding
Basic
44,220,725
44,126,078
43,762,333
43,627,071
Diluted
45,244,333
45,296,147
45,044,005
44,728,911
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