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Earnings Per Share and Weighted-Average Shares Outstanding (Tables) | 3 Months Ended
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Mar. 31, 2021
Earnings Per Share [Abstract] |
Schedule 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,
| 2021 |  | 2020 |  |
Basic earnings per share: |  |  |  |  |
Net income available to common stockholders (1) | $ | 31,464 |  |  | $ | 5,737 |  |  |
Basic weighted-average shares of common stock outstanding | 183,254 |  |  | 177,545 |  |  |
Basic earnings per share | $ | 0.17 |  |  | $ | 0.03 |  |  |
(1)Includes a reduction for dividends on preferred stock or EPUs in the amount of $1.6 million and $2.4 million for the three months ended March 31, 2021 and 2020, respectively.
Schedule 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,
| 2021 |  | 2020 |  |
Fully diluted earnings per share: |  |  |  |  |
Net income available to common stockholders | $ | 31,464 |  |  | $ | 5,737 |  |  |
Allocations of net income to limited partnership interests in Newmark Holdings, net of tax | 12,461 |  |  | 3,196 |  |  |
Net income for fully diluted shares | $ | 43,925 |  |  | $ | 8,933 |  |  |
Weighted-average shares: |  |  |  |  |
Common stock outstanding | 183,254 |  |  | 177,545 |  |  |
Partnership units (1) | 83,556 |  |  | 84,491 |  |  |
RSUs (Treasury stock method) | 3,165 |  |  | 1,370 |  |  |
Newmark exchange shares | 1,219 |  |  | 240 |  |  |
Fully diluted weighted-average shares of common stock outstanding | 271,194 |  |  | 263,646 |  |  |
Fully diluted earnings per share | $ | 0.16 |  |  | $ | 0.03 |  |  |
(1)Partnership units collectively include FPUs, limited partnership units, and Cantor and BGC units (see Note 2 — “Limited Partnership Interests in Newmark Holdings and BGC Holdings” for more information).

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