Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2022

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,
	2022		2021		2022		2021
Basic earnings (loss) per share:
Net income (loss) available to common stockholders	$	14,762	$	16,240	$	40,734	$	58,956
Basic weighted-average shares of common stock outstanding	375,613		384,902		371,988		379,639
Basic earnings (loss) per share	$	0.04	$	0.04	$	0.11	$	0.16

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,
	2022		2021		2022		2021
Fully diluted earnings (loss) per share
Net income (loss) available to common stockholders	$	14,762	$	16,240	$	40,734	$	58,956
Allocations of net income (loss) to limited partnership interests, net of tax	4,948		7,020		12,614		26,007
Net income (loss) for fully diluted shares	$	19,710	$	23,260	$	53,348	$	84,963
Weighted-average shares:
Common stock outstanding	375,613		384,902		371,988		379,639
Partnership units¹	129,163		173,606		129,420		175,849
RSUs (Treasury stock method)	1,188		4,141		2,084		3,475
Other	1,041		1,274		1,117		1,247
Fully diluted weighted-average shares of common stock outstanding	507,005		563,923		504,609		560,210
Fully diluted earnings (loss) per share	$	0.04	$	0.04	$	0.11	$	0.15

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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).