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Earnings Per Share and Weighted-Average Shares Outstanding (Tables) | 3 Months Ended
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Mar. 31, 2018
Earnings Per Share [Abstract] |
Calculation of Basic Earnings Per Share | The following is the calculation of Newmark’s basic EPS (in thousands, except per share data):
|  | Three Months Ended March 31, |
|  | 2018 |  |  | 2017 |
Basic earnings per share: |  |  |  |  |  |  |  |
Net income available to common stockholders |  | $ | 19,997 |  |  | $ | 36,711 |
Basic weighted-average shares of common stock outstanding |  |  | 155,694 |  |  | N/A |
Basic earnings per share |  |  | 0.13 |  |  | N/A |
Calculation of Fully Diluted Earnings Per Share | The following is the calculation of Newmark’s fully diluted EPS (in thousands, except per share data):
|  | Three Months Ended March 31, |
|  | 2018 |  |  | 2017 |
Fully diluted earnings per share |  |  |  |  |  |  |  |
Net income available to common stockholders |  | $ | 19,997 |  |  | $ | 36,711 |
Allocations of net income to limited partnership interests in BGC Holdings and Newmark Holdings, net of tax |  |  | 10,289 |  |  | N/A |
Net income for fully diluted shares |  | $ | 30,286 |  |  | N/A |
Weighted-average shares: |  |  |  |  |  |  |  |
Common stock outstanding |  |  | 155,694 |  |  | N/A |
Partnership units1 |  |  | 90,222 |  |  | N/A |
Other |  |  | 918 |  |  | N/A |
Fully diluted weighted-average shares of common stock outstanding |  |  | 246,834 |  |  | N/A |
Fully diluted earnings per share |  |  | 0.12 |  |  | N/A |
| 1 | Partnership units collectively include founding/working partner units, limited partnership units, and Cantor units (see Note 2—Limited Partnership Interest in Newmark Holdings for more information).

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