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Income Per Share Information
3 Months Ended
Mar. 31, 2018
Earnings Per Share [Abstract]  
Income Per Share Information

10.

Income Per Share Information

The calculations of basic and diluted income per share attributable to CBRE Group, Inc. shareholders are as follows (dollars in thousands, except share data): 

 

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2018

 

 

2017

 

 

 

 

 

 

 

(As Adjusted) (1)

 

Basic Income Per Share

 

 

 

 

 

 

 

 

Net income attributable to CBRE Group, Inc.

   shareholders

 

$

150,288

 

 

$

137,020

 

Weighted average shares outstanding for basic

   income per share

 

 

338,890,098

 

 

 

336,907,836

 

Basic income per share attributable to CBRE

   Group, Inc. shareholders

 

$

0.44

 

 

$

0.41

 

Diluted Income Per Share

 

 

 

 

 

 

 

 

Net income attributable to CBRE Group, Inc.

   shareholders

 

$

150,288

 

 

$

137,020

 

Weighted average shares outstanding for basic

   income per share

 

 

338,890,098

 

 

 

336,907,836

 

Dilutive effect of contingently issuable shares

 

 

3,698,143

 

 

 

2,774,785

 

Dilutive effect of stock options

 

 

1,569

 

 

 

7,958

 

Weighted average shares outstanding for diluted

   income per share

 

 

342,589,810

 

 

 

339,690,579

 

Diluted income per share attributable to CBRE

   Group, Inc. shareholders

 

$

0.44

 

 

$

0.40

 

 

(1)

In the first quarter of 2018, we adopted new revenue recognition guidance. Certain restatements have been made to the 2017 financial statements to conform with the 2018 presentation. See Notes 2 and 3 for more information.

 

For the three months ended March 31, 2018 and 2017, 69,346 and 1,170,967, respectively, of contingently issuable shares were excluded from the computation of diluted income per share because their inclusion would have had an anti-dilutive effect.