eFax 2012 Annual Report Download - page 81

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The components of basic and diluted earnings per share are as follows (in thousands, except share and per share data):
For the years ended December 31, 2012 , 2011 and 2010 , there were 527,319 , 421,319 and 551,130
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 shares.
performance. j2 Global's reportable business segments are: (i) Business Cloud Services; and (ii) Digital Media. Segment accounting policies are the same as described in Note 2 -
Basis of Presentation and Summary of Significant Policies.
- 79 -
15.
Earnings Per Share
Year Ended December 31,
2012
2011
2010
Numerator for basic and diluted net income per common share:
Net income attributable to j2 Global, Inc. common shareholders
$
121,580
$
114,766
$
83,047
Net income available to participating securities (a)
(2,075
)
(1,932
)
—
Net income available to j2 Global, Inc. common shareholders
119,505
112,834
83,047
Denominator:
Weighted-average outstanding shares of common stock
45,459,712
45,799,615
44,578,036
Dilutive effect of:
Dilutive effect of equity incentive plans
321,946
585,233
1,363,807
Common stock and common stock equivalents
45,781,658
46,384,848
45,941,843
Net income per share:
Basic
$
2.63
$
2.46
$
1.86
Diluted
$
2.61
$
2.43
$
1.81
(a) Represents unvested share-based payment awards that contain certain non-
forfeitable rights to dividends or dividend equivalents (whether paid or unpaid).
16.
Segment Information