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Earnings Per Share and Weighted-Average Shares Outstanding (Tables) | 6 Months Ended
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Jun. 30, 2019
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 June 30, |  |  | Six Months Ended June 30, |
|  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |
Basic earnings per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income available to common stockholders (1) |  | $ | 19,444 |  |  | $ | 546 |  |  | $ | 33,124 |  |  | $ | 20,542 |
Basic weighted-average shares of common stock outstanding |  |  | 178,754 |  |  |  | 155,157 |  |  |  | 178,683 |  |  |  | 155,447 |
Basic earnings per share |  | $ | 0.11 |  |  | $ | 0.00 |  |  | $ | 0.19 |  |  | $ | 0.13 |
| (1) | Includes a reduction for dividends on preferred stock or units in the amount of $3.2 million and $6.4 million for the three and six months ended June 30, 2019, respectively, and $0.2 million for the three and six months ended June 30, 2018.
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 June 30, |  |  | Six Months Ended June 30, |
|  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |
Fully diluted earnings per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income available to common stockholders |  | $ | 19,444 |  |  | $ | 546 |  |  | $ | 33,124 |  |  | $ | 20,542 |
Allocations of net income to limited partnership interests in Newmark Holdings, net of tax |  |  | 3,864 |  |  |  | — |  |  |  | — |  |  |  | 12,020 |
Net income for fully diluted shares |  | $ | 23,308 |  |  | $ | 546 |  |  | $ | 33,124 |  |  | $ | 32,562 |
Weighted-average shares: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Common stock outstanding |  |  | 178,754 |  |  |  | 155,157 |  |  |  | 178,683 |  |  |  | 155,447 |
Partnership units (1) |  |  | 28,769 |  |  |  | — |  |  |  | — |  |  |  | 96,505 |
Other |  |  | 627 |  |  |  | 781 |  |  |  | 751 |  |  |  | 852 |
Fully diluted weighted-average shares of common stock outstanding |  |  | 208,150 |  |  |  | 155,938 |  |  |  | 179,434 |  |  |  | 252,804 |
Fully diluted earnings per share |  | $ | 0.11 |  |  | $ | 0.00 |  |  | $ | 0.18 |  |  | $ | 0.13 |
| (1) | Partnership units collectively include founding/working partner units, limited partnership units, and Cantor units (See Note 2 - Limited Partnership Interests for more information).

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