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Earnings Per Share (Tables) | 12 Months Ended
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Dec. 31, 2021
Earnings Per Share [Abstract] |
Calculation of Basic Earnings Per Share from Continuing and Discontinued Operations | The following is the calculation of the Company’s basic EPS (in thousands, except per share data):
| Year Ended December 31,
| 2021 |  | 2020 |  | 2019
Basic earnings (loss) per share: |  |  |  |  |
Net income (loss) available to common stockholders | $ | 124,007 |  |  | $ | 45,062 |  |  | $ | 43,901 |
Basic weighted-average shares of common stock outstanding | 379,215 |  |  | 361,736 |  |  | 344,332 |
Basic earnings (loss) per share | $ | 0.33 |  |  | $ | 0.12 |  |  | $ | 0.13 |
Calculation of Fully Diluted Earnings Per Share from Continuing and Discontinued Operations | The following is the calculation of the Company’s fully diluted EPS (in thousands, except per share data):
| Year Ended December 31,
| 2021 |  | 2020 |  | 2019
Fully diluted earnings (loss) per share: |  |  |  |  |
Net income (loss) available to common stockholders | $ | 124,007 |  |  | $ | 45,062 |  |  | $ | 43,901 |
Allocations of net income (loss) to limited partnership interests, net of tax | 49,988 |  |  | 19,725 |  |  | 14,970 |
Net income (loss) for fully diluted shares | $ | 173,995 |  |  | $ | 64,787 |  |  | $ | 58,871 |
Weighted-average shares: |  |  |  |  |
Common stock outstanding | 379,215 |  |  | 361,736 |  |  | 344,332 |
Partnership units ¹ | 155,356 |  |  | 183,130 |  |  | 126,450 |
RSUs (Treasury stock method) | 4,074 |  |  | 737 |  |  | 38 |
Other | 1,375 |  |  | 1,245 |  |  | 1,367 |
Fully diluted weighted-average shares of common stock outstanding | 540,020 |  |  | 546,848 |  |  | 472,187 |
Fully diluted earnings (loss) per share | $ | 0.32 |  |  | $ | 0.12 |  |  | $ | 0.12 |
____________________________________ 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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