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Income Per Share and Stockholders' Equity
 3 Months Ended
Mar. 31, 2021
Earnings Per Share And Stockholders Equity [Abstract]  
Income Per Share and Stockholders' Equity Income Per Share and Stockholders' Equity
The calculations of basic and diluted income per share attributable to CBRE Group, Inc. stockholders are as follows (dollars in thousands, except share and per share data):
Three Months Ended
March 31,
20212020
Basic Income Per Share
Net income attributable to CBRE Group, Inc. stockholders$266,202 $172,195 
Weighted average shares outstanding for basic income per share335,860,494 334,969,826 
Basic income per share attributable to CBRE Group, Inc. stockholders$0.79 $0.51 
Diluted Income Per Share
Net income attributable to CBRE Group, Inc. stockholders$266,202 $172,195 
Weighted average shares outstanding for basic income per share335,860,494 334,969,826 
Dilutive effect of contingently issuable shares3,720,010 4,768,085 
Weighted average shares outstanding for diluted income per share339,580,504 339,737,911 
Diluted income per share attributable to CBRE Group, Inc. stockholders$0.78 $0.51 

For the three months ended March 31, 2021 and 2020, 481,341 and 341,359, 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.

In February 2019, our board of directors authorized a new program for the repurchase of up to $300.0 million of our common stock over three years, effective March 11, 2019. In both August and November 2019, our board of directors authorized an additional $100.0 million under our program, bringing the total authorized repurchase amount under the program to a total of $500.0 million. During the year ended December 31, 2020, we spent $50.0 million to repurchase 1,050,084 shares of our common stock at an average price of $47.62 per share using cash on hand. During the three months ended March 31, 2021, we spent $64.1 million to repurchase an additional 831,274 shares of our common stock with an average price of $77.15 per share using cash on hand. As of March 31, 2021, we had $285.9 million of capacity remaining under our stock repurchase program.