Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2013

Earnings Per Share [Abstract]

Schedule of Allocations of Earnings

The Company’s earnings for the years ended December 31, 2013, 2012 and 2011 were allocated as follows (in thousands):

	Year Ended December 31,
	2013		2012		2011
Net income available to common stockholders	$	70,924	$	23,864	$	20,137
Allocation of net income to limited partnership interests in BGC Holdings	$	164,221	$	21,188	$	33,067

Schedule of Earnings Per Share, Basic

The following is the calculation of the Company’s basic EPS (in thousands, except per share data):

	Year Ended December 31,
	2013		2012		2011
Basic earnings per share:
Net income available to common stockholders	$	70,924	$	23,864	$	20,137
Basic weighted-average shares of common stock outstanding		193,694		144,886		116,132
Basic earnings per share	$	0.37	$	0.16	$	0.17

Schedule of Earnings Per Share, Diluted

The following is the calculation of the Company’s fully diluted EPS (in thousands, except per share data):

	Year Ended December 31,
	2013		2012		2011
Fully diluted earnings per share:
Net income available to common stockholders	$	70,924	$	23,864	$	20,137
Allocation of net income to limited partnership interests in BGC Holdings, net of tax		25,912		22,161		—
Interest expense on convertible notes, net of tax		—		—		—
Dividend equivalent expense on RSUs, net of tax		15		217		—
Net income for fully diluted shares	$	96,851	$	46,242	$	20,137
Weighted-average shares:
Common stock outstanding		193,694		144,886		116,132
Limited partnership interests in BGC Holdings		70,432		134,935		—
Convertible notes		—		—		—
RSUs (Treasury stock method)		413		581		—
Other		809		407		382
Fully diluted weighted-average shares of common stock outstanding		265,348		280,809		116,514
Fully diluted earnings per share	$	0.36	$	0.16	$	0.17