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Earnings Per Share (Tables)
 9 Months Ended
Sep. 30, 2024
Earnings Per Share [Abstract]  
Schedule 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,
2024202320242023
Basic earnings (loss) per share:
Net income (loss) available to common stockholders$14,747 $17,046 $101,785 $16,320 
Less: Dividends declared and allocation of undistributed earnings to participating securities(555)(1,072)(4,919)(1,072)
Net income (loss) attributable to common stockholders
$14,192 $15,974 $96,866 $15,248 
Basic weighted-average shares of common stock outstanding473,435 468,544 473,076 412,178 
Basic earnings (loss) per share$0.03 $0.03 $0.20 $0.04 
Schedule 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,
2024202320242023
Fully diluted earnings (loss) per share:
Net income (loss) attributable to common stockholders
$14,192 $15,974 $96,866 $15,248 
Add back: Allocations of net income (loss) to limited partnership interests, net of tax
— — — (156)
Add back: Allocations of undistributed earnings to participating securities
243 823 4,065 823 
Less: Reallocation of undistributed earnings to participating securities
(241)(808)(4,016)(808)
Net income (loss) for fully diluted shares$14,194 $15,989 $96,915 $15,107 
Weighted-average shares:
Common stock outstanding473,435 468,544 473,076 412,178 
Partnership units¹— — — 76,528 
Non-participating RSUs
— — — 1,874 
Other2
5,217 9,001 6,085 3,965 
Fully diluted weighted-average shares of common stock outstanding
478,652 477,545 479,161 494,545 
Fully diluted earnings (loss) per share
$0.03 $0.03 $0.20 $0.03 
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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).
2Primarily consists of contracts to issue shares of BGC common stock.