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Earnings Per Share (Tables) | 6 Months Ended
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Jun. 30, 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 June 30, |  |  | Six Months Ended June 30, |
| 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |
Basic earnings (loss) per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) available to common stockholders | $ | 28,099 |  |  | $ | 13,611 |  |  | $ | 42,413 |  |  | $ | 75,479 |
Basic weighted-average shares of common stock outstanding |  | 360,614 |  |  |  | 341,272 |  |  |  | 359,308 |  |  |  | 339,845 |
Basic earnings (loss) per share | $ | 0.08 |  |  | $ | 0.04 |  |  | $ | 0.12 |  |  | $ | 0.22 |
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 June 30, |  |  | Six Months Ended June 30, |
| 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |
Fully diluted earnings (loss) per share |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) available to common stockholders | $ | 28,099 |  |  | $ | 13,611 |  |  | $ | 42,413 |  |  | $ | 75,479 |
Allocations of net income (loss) to limited partnership interests, net of tax |  | 12,337 |  |  |  | 7,399 |  |  |  | 18,282 |  |  |  | 24,716 |
Net income (loss) for fully diluted shares | $ | 40,436 |  |  | $ | 21,010 |  |  | $ | 60,695 |  |  | $ | 100,195 |
Weighted-average shares: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Common stock outstanding |  | 360,614 |  |  |  | 341,272 |  |  |  | 359,308 |  |  |  | 339,845 |
Partnership units1 |  | 184,122 |  |  |  | 180,279 |  |  |  | 181,257 |  |  |  | 125,824 |
RSUs (Treasury stock method) |  | 174 |  |  |  | 57 |  |  |  | 549 |  |  |  | 168 |
Other |  | 1,213 |  |  |  | 1,376 |  |  |  | 1,276 |  |  |  | 1,395 |
Fully diluted weighted-average shares of common stock outstanding |  | 546,123 |  |  |  | 522,984 |  |  |  | 542,390 |  |  |  | 467,232 |
Fully diluted earnings (loss) per share | $ | 0.07 |  |  | $ | 0.04 |  |  | $ | 0.11 |  |  | $ | 0.21 |
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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