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Earnings Per Share (Tables) | 3 Months Ended
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Mar. 31, 2018
Earnings Per Share [Abstract] |
Calculation of Basic Earnings Per Share | The following is the calculation of the Company’s basic EPS (in thousands, except per share data):
|  | Three Months Ended March 31, |
|  | 2018 |  |  | 2017 |
Basic earnings (loss) per share: |  |  |  |  |  |  |  |
Net income (loss) available to common stockholders |  | $ | 58,774 |  |  | $ | 36,825 |
Basic weighted-average shares of common stock outstanding |  |  | 307,728 |  |  |  | 283,399 |
Basic earnings (loss) per share |  | $ | 0.19 |  |  | $ | 0.13 |
Calculation of Fully Diluted Earnings Per Share | The following is the calculation of the Company’s fully diluted EPS (in thousands, except per share data):
|  | Three Months Ended March 31, |
|  | 2018 |  |  | 2017 |
Fully diluted (loss) earnings per share |  |  |  |  |  |  |  |
Net income (loss) available to common stockholders |  | $ | 58,774 |  |  | $ | 36,825 |
Allocations of net income (loss) to limited partnership interests, net of tax |  |  | 29,983 |  |  |  | 19,809 |
Net income (loss) for fully diluted shares |  | $ | 88,757 |  |  | $ | 56,634 |
Weighted-average shares: |  |  |  |  |  |  |  |
Common stock outstanding |  |  | 307,728 |  |  |  | 283,399 |
Partnership units1 |  |  | 169,218 |  |  |  | 159,271 |
RSUs (Treasury stock method) |  |  | 604 |  |  |  | 677 |
Other |  |  | 1,385 |  |  |  | 1,479 |
Fully diluted weighted-average shares of common stock outstanding |  |  | 478,935 |  |  |  | 444,826 |
Fully diluted earnings (loss) per share |  | $ | 0.19 |  |  | $ | 0.13 |
1 | Partnership units collectively include founding/working partner units, limited partnership units, and Cantor units (see Note 2—“Limited Partnership Interests in BGC Holdings and Newmark Holdings” for more information).

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