XML 45 R33.htm IDEA: XBRL DOCUMENT v3.7.0.1
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