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Income Per Share and Stockholders' Equity
 3 Months Ended
Mar. 31, 2023
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,
20232022
Basic Income Per Share
Net income attributable to CBRE Group, Inc. stockholders$116,892 $392,297 
Weighted average shares outstanding for basic income per share310,464,609 331,925,104 
Basic income per share attributable to CBRE Group, Inc. stockholders$0.38 $1.18 
Diluted Income Per Share
Net income attributable to CBRE Group, Inc. stockholders$116,892 $392,297 
Weighted average shares outstanding for basic income per share310,464,609 331,925,104 
Dilutive effect of contingently issuable shares4,893,538 5,215,221 
Weighted average shares outstanding for diluted income per share315,358,147 337,140,325 
Diluted income per share attributable to CBRE Group, Inc. stockholders$0.37 $1.16 

For the three months ended March 31, 2023 and 2022, 511,419 and 1,349,842, 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.
On November 19, 2021, our board of directors authorized a program for the repurchase of up to $2.0 billion of our Class A common stock over five years (the 2021 program). On August 18, 2022, our board of directors authorized an additional $2.0 billion, bringing the total authorized repurchase amount under this program to a total of $4.0 billion. During the three months ended March 31, 2023, we repurchased 1,368,173 shares of our common stock with an average price of $83.48 per share using cash on hand for $114.2 million under the 2021 program. As of March 31, 2023, we had approximately $2.0 billion of capacity remaining under the 2021 program. During the three months ended March 31, 2022, we repurchased 4,178,386 shares of our common stock using cash on hand for $390.8 million.