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Earnings Per Share (Tables) | 6 Months Ended
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Jun. 30, 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 June 30, |  | Six Months Ended June 30,
| 2021 |  | 2020 |  | 2021 |  | 2020
Basic earnings (loss) per share: |  |  |  |  |  |  |
Net income (loss) available to common stockholders | $ | 18,169 |  |  | $ | 27,919 |  |  | $ | 61,260 |  |  | $ | 41,593 |
Basic weighted-average shares of common stock outstanding | 384,902 |  |  | 360,614 |  |  | 379,639 |  |  | 359,308 |
Basic earnings (loss) per share | $ | 0.05 |  |  | $ | 0.08 |  |  | $ | 0.16 |  |  | $ | 0.12 |
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,
| 2021 |  | 2020 |  | 2021 |  | 2020
Fully diluted earnings (loss) per share |  |  |  |  |  |  |
Net income (loss) available to common stockholders | $ | 18,169 |  |  | $ | 27,919 |  |  | $ | 61,260 |  |  | $ | 41,593 |
Allocations of net income (loss) to limited partnership interests, net of tax | 7,854 |  |  | 12,254 |  |  | 27,011 |  |  | 17,905 |
Net income (loss) for fully diluted shares | $ | 26,023 |  |  | $ | 40,173 |  |  | $ | 88,271 |  |  | $ | 59,498 |
Weighted-average shares: |  |  |  |  |  |  |
Common stock outstanding | 384,902 |  |  | 360,614 |  |  | 379,639 |  |  | 359,308 |
Partnership units¹ | 173,606 |  |  | 184,122 |  |  | 175,849 |  |  | 181,257 |
RSUs (Treasury stock method) | 4,141 |  |  | 174 |  |  | 3,475 |  |  | 549 |
Other | 1,274 |  |  | 1,213 |  |  | 1,247 |  |  | 1,276 |
Fully diluted weighted-average shares of common stock outstanding | 563,923 |  |  | 546,123 |  |  | 560,210 |  |  | 542,390 |
Fully diluted earnings (loss) per share | $ | 0.05 |  |  | $ | 0.07 |  |  | $ | 0.16 |  |  | $ | 0.11 |
__________________________ 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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