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Earnings Per Share (Tables) | 3 Months Ended
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Mar. 31, 2021
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, |
| 2021 |  |  | 2020 |
Basic earnings (loss) per share: |  |  |  |  |  |  |
Net income (loss) available to common stockholders | $ | 43,091 |  |  | $ | 13,674 |
Basic weighted-average shares of common stock outstanding |  | 374,318 |  |  |  | 358,001 |
Basic earnings (loss) per share | $ | 0.12 |  |  | $ | 0.04 |
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, |
| 2021 |  |  | 2020 |
Fully diluted earnings (loss) per share |  |  |  |  |  |  |
Net income (loss) available to common stockholders | $ | 43,091 |  |  | $ | 13,674 |
Allocations of net income (loss) to limited partnership interests, net of tax |  | 19,157 |  |  |  | 5,651 |
Net income (loss) for fully diluted shares | $ | 62,248 |  |  | $ | 19,325 |
Weighted-average shares: |  |  |  |  |  |  |
Common stock outstanding |  | 374,318 |  |  |  | 358,001 |
Partnership units1 |  | 178,116 |  |  |  | 178,393 |
RSUs (Treasury stock method) |  | 3,413 |  |  |  | 708 |
Other |  | 1,221 |  |  |  | 1,340 |
Fully diluted weighted-average shares of common stock outstanding |  | 557,068 |  |  |  | 538,442 |
Fully diluted earnings (loss) per share | $ | 0.11 |  |  | $ | 0.04 |
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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- Definition Tabular disclosure of the effect of income (loss) on an entity's diluted earnings per share. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=121326447&loc=d3e1278-109256 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=120380238&loc=d3e4984-109258 + Details
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