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Earnings Per Share (Tables)

9 Months Ended

Sep. 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 September 30,								Nine Months Ended September 30,
	2020				2019				2020				2019
Basic earnings (loss) per share:
Net income (loss) available to common stockholders	$	19,381			$	(3,529	)		$	61,794			$	71,950
Basic weighted-average shares of common stock    outstanding		363,244				346,060				360,629				341,940
Basic earnings (loss) per share	$	0.05			$	(0.01	)		$	0.17			$	0.21

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 September 30,								Nine Months Ended September 30,
	2020				2019				2020				2019
Fully diluted earnings (loss) per share
Net income (loss) available to common stockholders	$	19,381			$	(3,529	)		$	61,794			$	71,950
Allocations of net income (loss) to limited partnership interests, net of tax		10,194				—				28,476				36,428
Net income (loss) for fully diluted shares	$	29,575			$	(3,529	)		$	90,270			$	108,378
Weighted-average shares:
Common stock outstanding		363,244				346,060				360,629				341,940
Partnership units1		184,642				—				182,394				178,971
RSUs (Treasury stock method)		219				—				221				938
Other		1,139				—				1,231				1,369
Fully diluted weighted-average shares of    common stock outstanding		549,244				346,060				544,475				523,218
Fully diluted earnings (loss) per share	$	0.05			$	(0.01	)		$	0.17			$	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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Tabular disclosure of the effect of income (loss) on basic earnings per share.

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Tabular disclosure of the effect of income (loss) on an entity's diluted earnings per share.

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-Name Accounting Standards Codification
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