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Income Per Share and Stockholders' Equity
9 Months Ended
Sep. 30, 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
September 30,
Nine Months Ended
September 30,
2021202020212020
Basic Income Per Share
Net income attributable to CBRE Group, Inc. stockholders$435,743 $184,132 $1,144,582 $438,224 
Weighted average shares outstanding for basic income per share335,364,942 335,287,245 335,621,337 335,128,531 
Basic income per share attributable to CBRE Group, Inc. stockholders$1.30 $0.55 $3.41 $1.31 
Diluted Income Per Share
Net income attributable to CBRE Group, Inc. stockholders$435,743 $184,132 $1,144,582 $438,224 
Weighted average shares outstanding for basic income per share335,364,942 335,287,245 335,621,337 335,128,531 
Dilutive effect of contingently issuable shares4,972,217 2,378,603 4,183,955 3,127,328 
Weighted average shares outstanding for diluted income per share340,337,159 337,665,848 339,805,292 338,255,859 
Diluted income per share attributable to CBRE Group, Inc. stockholders$1.28 $0.55 $3.37 $1.30 

For the three and nine months ended September 30, 2021, 30,903 and 31,666, 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, 2020, 1,294,385 and 1,191,464, 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 September 30, 2021, we spent $100.0 million to repurchase an additional 1,025,068 shares of our common stock with an average price of $97.55 per share using cash on hand. During the nine months ended September 30, 2021, we spent $188.3 million to repurchase 2,156,796 shares of our common stock with an average price of $87.29 per share using cash on hand. As of September 30, 2021, we had $161.7 million of capacity remaining under our stock repurchase program.