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Earnings Per Share (Tables)
 9 Months Ended
Sep. 30, 2014
Earnings Per Share [Abstract]  
Earnings Per Share, Basic and Diluted
The computation of earnings per share is as follows:
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2014
 
2013
 
2014
 
2013
 
(dollars in thousands, except per share data)
Net income (loss)
$
10,529

 
$
8,370

 
$
38,154

 
$
12,637

Net income (loss) attributable to redeemable non-controlling interests in consolidated subsidiaries and funds
4,006

 
4,759

 
13,409

 
10,509

Net income (loss) attributable to Cowen Group, Inc. stockholders
$
6,523

 
$
3,611

 
$
24,745

 
$
2,128

 
 
 
 
 
 
 
 
Shares for basic and diluted calculations:
 
 
 
 
 
 
 
Weighted average shares used in basic computation
114,969

 
118,359

 
115,407

 
116,012

Warrants
—

 
—

 
—

 
—

Stock options
—

 
—

 
—

 
—

Stock appreciation rights
59

 
311

 
57

 
296

Restricted stock
3,773

 
4,038

 
4,563

 
3,583

Weighted average shares used in diluted computation
118,801

 
122,708

 
120,027

 
119,891

Earnings (loss) per share:
 
 
 
 
 
 
 
Basic
$
0.06

 
$
0.03

 
$
0.21

 
$
0.02

Diluted
$
0.05

 
$
0.03

 
$
0.21

 
$
0.02