Earnings per Share

3 Months Ended

Mar. 31, 2016

3. Earnings per Share

Historical earnings per share information is not applicable for reporting periods prior to the consummation of the Reorganization Transactions and the IPO because the ownership structure of the Company did not include a common unit of ownership. Net income available for common stockholders is based on the Company’s approximate 28.1% interest in Virtu Financial.

Basic earnings per share are calculated utilizing net income available for common stockholders from the three months ended March 31, 2016 divided by the weighted average number of shares of common stock outstanding during the same period:


(in thousands, except for share or per share data)	March 31, 2016
Basic earnings per share:
Net income available for common stockholders	$	10,348

Less: Dividends and undistributed earnings allocated to participating securities		(221)
Net income available for common stockholders, net of dividends and undistributed earnings allocated to participating securities	$	10,127

Weighted average shares of common stock outstanding:
Class A		38,210,209

Basic Earnings per share	$	0.27

Diluted earnings per share are calculated utilizing net income available for common stockholders, divided by the weighted average total number of shares of common stock outstanding during the three months ended, March 31, 2016 including additional shares of common stock issued and issuable pursuant to the 2015 Management Incentive Plan (Note 13).


(in thousands, except for share or per share data)	March 31, 2016
Diluted earnings per share:
Net income available for common stockholders, net of dividends and undistributed earnings allocated to participating securities	$	10,127

Weighted average shares of common stock outstanding:
Class A
Issued and outstanding		38,210,209
Issuable pursuant to 2015 Management Incentive Plan		279,280
		38,489,489

Diluted Earnings per share	$	0.26