Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2017

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,
	2017		2016		2017		2016
Basic earnings (loss) per share:
Net income (loss) available to common stockholders	$	21,768	$	14,467	$	39,983	$	26,972
Basic weighted-average shares of common stock    outstanding		286,840		275,997		285,129		274,895
Basic earnings (loss) per share	$	0.08	$	0.05	$	0.14	$	0.10

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,
	2017		2016		2017		2016
Fully diluted (loss) earnings per share
Net income (loss) available to common    stockholders	$	21,768	$	14,467	$	39,983	$	26,972
Allocations of net income (loss) to limited    partnership interests in BGC Holdings, net of tax		11,326		7,464		20,721		13,888
Interest expense on convertible notes,    net of tax		—		1,521		—		3,044
Net income (loss) for fully diluted shares	$	33,094	$	23,452	$	60,704	$	43,904
Weighted-average shares:
Common stock outstanding		286,840		275,997		285,129		274,895
Limited partnership interests in BGC Holdings		163,327		143,229		161,311		142,963
Convertible notes		—		16,260		—		16,260
RSUs (Treasury stock method)		409		376		525		517
Other		1,281		1,395		1,382		1,328
Fully diluted weighted-average shares of    common stock outstanding		451,857		437,257		448,347		435,963
Fully diluted earnings (loss) per share	$	0.07	$	0.05	$	0.14	$	0.10