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Earnings Per Share (Tables) | 3 Months Ended
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Mar. 31, 2020
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, |  |
| 2020 |  |  | 2019 |  |
Basic earnings (loss) per share: |  |  |  |  |  |  |  |
Net income (loss) available to common stockholders | $ | 14,314 |  |  | $ | 61,868 |  |
Basic weighted-average shares of common stock outstanding |  | 358,001 |  |  |  | 338,403 |  |
Basic earnings (loss) per share | $ | 0.04 |  |  | $ | 0.18 |  |
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, |
| 2020 |  |  | 2019 |
Fully diluted earnings (loss) per share |  |  |  |  |  |  |
Net income (loss) available to common stockholders | $ | 14,314 |  |  | $ | 61,868 |
Allocations of net income (loss) to limited partnership interests, net of tax |  | 5,945 |  |  |  | 28,897 |
Net income (loss) for fully diluted shares | $ | 20,259 |  |  | $ | 90,765 |
Weighted-average shares: |  |  |  |  |  |  |
Common stock outstanding |  | 358,001 |  |  |  | 338,403 |
Partnership units1 |  | 178,393 |  |  |  | 176,072 |
RSUs (Treasury stock method) |  | 708 |  |  |  | 179 |
Other |  | 1,340 |  |  |  | 1,412 |
Fully diluted weighted-average shares of common stock outstanding |  | 538,442 |  |  |  | 516,066 |
Fully diluted earnings (loss) per share | $ | 0.04 |  |  | $ | 0.18 |
1 | Partnership units collectively include FPUs, LPUs, and Cantor units (see Note 2—“Limited Partnership Interests in BGC Holdings and Newmark Holdings” for more information).

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