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Earnings Per Share (Tables)
 6 Months Ended
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,
2021202020212020
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 outstanding384,902 360,614 379,639 359,308 
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,
2021202020212020
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 tax7,854 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 outstanding384,902 360,614 379,639 359,308 
Partnership units¹173,606 184,122 175,849 181,257 
RSUs (Treasury stock method)4,141 174 3,475 549 
Other1,274 1,213 1,247 1,276 
Fully diluted weighted-average shares of common stock outstanding563,923 546,123 560,210 542,390 
Fully diluted earnings (loss) per share$0.05 $0.07 $0.16 $0.11 
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1Partnership units collectively include FPUs, LPUs, and Cantor units (see Note 2—“Limited Partnership Interests in BGC Holdings and Newmark Holdings” for more information).