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Earnings Per Share (Tables) | 6 Months Ended
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Jun. 30, 2023
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,
| 2023 |  | 2022 |  | 2023 |  | 2022
Basic earnings (loss) per share: |  |  |  |  |  |  |
Net income (loss) available to common stockholders | $ | (19,704) |  |  | $ | 14,762 |  |  | $ | (726) |  |  | $ | 40,734 |
Basic weighted-average shares of common stock outstanding | 391,745 |  |  | 375,613 |  |  | 383,528 |  |  | 371,988 |
Basic earnings (loss) per share | $ | (0.05) |  |  | $ | 0.04 |  |  | $ | — |  |  | $ | 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 June 30, |  | Six Months Ended June 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Fully diluted earnings (loss) per share |  |  |  |  |  |  |
Net income (loss) available to common stockholders | $ | (19,704) |  |  | $ | 14,762 |  |  | $ | (726) |  |  | $ | 40,734 |
Allocations of net income (loss) to limited partnership interests, net of tax | — |  |  | 4,948 |  |  | — |  |  | 12,614 |
Net income (loss) for fully diluted shares | $ | (19,704) |  |  | $ | 19,710 |  |  | $ | (726) |  |  | $ | 53,348 |
Weighted-average shares: |  |  |  |  |  |  |
Common stock outstanding | 391,745 |  |  | 375,613 |  |  | 383,528 |  |  | 371,988 |
Partnership units¹ | — |  |  | 129,163 |  |  | — |  |  | 129,420 |
RSUs (Treasury stock method) | — |  |  | 1,188 |  |  | — |  |  | 2,084 |
Other | — |  |  | 1,041 |  |  | — |  |  | 1,117 |
Fully diluted weighted-average shares of common stock outstanding | 391,745 |  |  | 507,005 |  |  | 383,528 |  |  | 504,609 |
Fully diluted earnings (loss) per share | $ | (0.05) |  |  | $ | 0.04 |  |  | $ | — |  |  | $ | 0.11 |
____________________________ 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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