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Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2022

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,
			2022						2021
Basic earnings (loss) per share:
Net income (loss) available to common stockholders			$	25,972					$	42,716
Basic weighted-average shares of common stock outstanding			368,323						374,318
Basic earnings (loss) per share			$	0.07					$	0.11

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,
			2022						2021
Fully diluted earnings (loss) per share
Net income (loss) available to common stockholders			$	25,972					$	42,716
Allocations of net income (loss) to limited partnership interests, net of tax			7,666						18,987
Net income (loss) for fully diluted shares			$	33,638					$	61,703
Weighted-average shares:
Common stock outstanding			368,323						374,318
Partnership units¹			129,680						178,116
RSUs (Treasury stock method)			3,681						3,413
Other			1,193						1,221
Fully diluted weighted-average shares of common stock outstanding			502,877						557,068
Fully diluted earnings (loss) per share			$	0.07					$	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).

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Tabular disclosure of the effect of income (loss) on basic earnings per share.

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
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Tabular disclosure of the effect of income (loss) on an entity's diluted earnings per share.

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Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
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-URI http://asc.fasb.org/extlink&oid=125511455&loc=d3e1278-109256

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