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Earnings Per Share (Tables)
 9 Months Ended
Sep. 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 September 30,Nine Months Ended September 30,
2021202020212020
Basic earnings (loss) per share:
Net income (loss) available to common stockholders$(11,402)$8,850 $47,554 $49,091 
Basic weighted-average shares of common stock outstanding387,121 363,244 382,161 360,629 
Basic earnings (loss) per share$(0.03)$0.02 $0.12 $0.14 
Calculation of Fully Diluted Earnings Per Share
The following is the calculation of the Company’s fully diluted EPS (in thousands, except per share data):
Three Months Ended September 30,Nine Months Ended September 30,
2021202020212020
Fully diluted earnings (loss) per share
Net income (loss) available to common stockholders$(11,402)$8,850 $47,554 $49,091 
Allocations of net income (loss) to limited partnership interests, net of tax— — 8,479 22,518 
Net income (loss) for fully diluted shares$(11,402)$8,850 $56,033 $71,609 
Weighted-average shares:
Common stock outstanding387,121 363,244 382,161 360,629 
Partnership units¹— — 64,846 182,394 
RSUs (Treasury stock method)— 219 3,723 221 
Other— 1,139 1,353 1,231 
Fully diluted weighted-average shares of common stock outstanding387,121 364,602 452,083 544,475 
Fully diluted earnings (loss) per share$(0.03)$0.02 $0.12 $0.13 
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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).