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Income Per Share Information
9 Months Ended
Sep. 30, 2018
Earnings Per Share [Abstract]  
Income Per Share Information

11.

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

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

 

 

 

 

 

 

(As Adjusted) (1)

 

 

 

 

 

 

(As Adjusted) (1)

 

Basic Income Per Share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to CBRE Group, Inc. shareholders

 

$

290,469

 

 

$

199,088

 

 

$

669,424

 

 

$

537,885

 

Weighted average shares outstanding for basic income per share

 

 

339,477,316

 

 

 

337,948,324

 

 

 

339,151,807

 

 

 

337,280,914

 

Basic income per share attributable to CBRE Group, Inc.

   shareholders

 

$

0.86

 

 

$

0.59

 

 

$

1.97

 

 

$

1.59

 

Diluted Income Per Share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to CBRE Group, Inc. shareholders

 

$

290,469

 

 

$

199,088

 

 

$

669,424

 

 

$

537,885

 

Weighted average shares outstanding for diluted income

   per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding for basic income

   per share

 

 

339,477,316

 

 

 

337,948,324

 

 

 

339,151,807

 

 

 

337,280,914

 

Dilutive effect of contingently issuable shares

 

 

4,256,631

 

 

 

3,236,525

 

 

 

4,114,910

 

 

 

3,217,594

 

Dilutive effect of stock options

 

 

 

 

 

1,582

 

 

 

523

 

 

 

3,924

 

Weighted average shares outstanding for diluted income

   per share

 

 

343,733,947

 

 

 

341,186,431

 

 

 

343,267,240

 

 

 

340,502,432

 

Diluted income per share attributable to CBRE Group, Inc.

   shareholders

 

$

0.85

 

 

$

0.58

 

 

$

1.95

 

 

$

1.58

 

 

(1)

We adopted new revenue recognition guidance in the first quarter of 2018. 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 and nine months ended September 30, 2018, 34,470 and 28,922, 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.

For the three and nine months ended September 30, 2017, 384,775 and 1,141,522, 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.