Earnings Per Share (Tables)

9 Months Ended

Sep. 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 September 30,				Nine Months Ended September 30,
	2017		2016		2017		2016
Basic earnings (loss) per share:
Net income (loss) available to common stockholders	$	81,529	$	87,211	$	171,274	$	140,583
Basic weighted-average shares of common stock    outstanding		288,308		278,601		286,200		276,144
Basic earnings (loss) per share	$	0.28	$	0.31	$	0.60	$	0.51

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 September 30,				Nine Months Ended September 30,
	2017		2016		2017		2016
Fully diluted (loss) earnings per share
Net income (loss) available to common    stockholders	$	81,529	$	87,211	$	171,274	$	140,583
Allocations of net income (loss) to limited    partnership interests in BGC Holdings, net of tax		45,966		44,693		94,727		72,147
Interest expense on convertible notes,    net of tax		—		253		—		3,297
Net income (loss) for fully diluted shares	$	127,495	$	132,157	$	266,001	$	216,027
Weighted-average shares:
Common stock outstanding		288,308		278,601		286,200		276,144
Partnership units1		167,287		147,222		163,325		144,341
Convertible notes		—		2,121		—		11,495
RSUs (Treasury stock method)		539		423		505		425
Other		1,207		1,394		1,318		2,308
Fully diluted weighted-average shares of    common stock outstanding		457,341		429,761		451,348		434,713
Fully diluted earnings (loss) per share	$	0.28	$	0.31	$	0.59	$	0.50