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Earnings Per Share (Tables) | 6 Months Ended
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Jun. 30, 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 June 30, |  | Six Months Ended June 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
Basic earnings (loss) per share: |  |  |  |  |  |  |
Net income (loss) available to common stockholders | $ | 14,762 |  |  | $ | 16,240 |  |  | $ | 40,734 |  |  | $ | 58,956 |
Basic weighted-average shares of common stock outstanding | 375,613 |  |  | 384,902 |  |  | 371,988 |  |  | 379,639 |
Basic earnings (loss) per share | $ | 0.04 |  |  | $ | 0.04 |  |  | $ | 0.11 |  |  | $ | 0.16 |
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,
| 2022 |  | 2021 |  | 2022 |  | 2021
Fully diluted earnings (loss) per share |  |  |  |  |  |  |
Net income (loss) available to common stockholders | $ | 14,762 |  |  | $ | 16,240 |  |  | $ | 40,734 |  |  | $ | 58,956 |
Allocations of net income (loss) to limited partnership interests, net of tax | 4,948 |  |  | 7,020 |  |  | 12,614 |  |  | 26,007 |
Net income (loss) for fully diluted shares | $ | 19,710 |  |  | $ | 23,260 |  |  | $ | 53,348 |  |  | $ | 84,963 |
Weighted-average shares: |  |  |  |  |  |  |
Common stock outstanding | 375,613 |  |  | 384,902 |  |  | 371,988 |  |  | 379,639 |
Partnership units¹ | 129,163 |  |  | 173,606 |  |  | 129,420 |  |  | 175,849 |
RSUs (Treasury stock method) | 1,188 |  |  | 4,141 |  |  | 2,084 |  |  | 3,475 |
Other | 1,041 |  |  | 1,274 |  |  | 1,117 |  |  | 1,247 |
Fully diluted weighted-average shares of common stock outstanding | 507,005 |  |  | 563,923 |  |  | 504,609 |  |  | 560,210 |
Fully diluted earnings (loss) per share | $ | 0.04 |  |  | $ | 0.04 |  |  | $ | 0.11 |  |  | $ | 0.15 |
____________________________ 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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