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Earnings Per Share (Tables)
 9 Months Ended
Sep. 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 September 30,Nine Months Ended September 30,
2022202120222021
Basic earnings (loss) per share:
Net income (loss) available to common stockholders$5,762 $(11,402)$46,496 $47,554 
Basic weighted-average shares of common stock outstanding371,108 387,121 371,692 382,161 
Basic earnings (loss) per share$0.02 $(0.03)$0.13 $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 September 30,Nine Months Ended September 30,
2022202120222021
Fully diluted earnings (loss) per share
Net income (loss) available to common stockholders$5,762 $(11,402)$46,496 $47,554 
Allocations of net income (loss) to limited partnership
interests, net of tax
1,608 — 14,222 8,479 
Net income (loss) for fully diluted shares$7,370 $(11,402)$60,718 $56,033 
Weighted-average shares:
Common stock outstanding371,108 387,121 371,692 382,161 
Partnership units¹122,734 — 127,167 64,846 
RSUs (Treasury stock method)1,770 — 1,897 3,723 
Other1,373 — 1,202 1,353 
Fully diluted weighted-average shares of common stock
outstanding
496,985 387,121 501,958 452,083 
Fully diluted earnings (loss) per share$0.01 $(0.03)$0.12 $0.12 
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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).