Earnings per Share (Tables)

12 Months Ended

Dec. 31, 2017

Earnings per Share

Schedule of reconciliation of net income before noncontrolling interest to net income available for common stockholders

	For the Year ended December 31
(in thousands)	2017		2016		2015
Income before income taxes and noncontrolling interest	$	113,164	$	179,591	$	215,929
Provision for income taxes		94,266		21,251		18,439
Net income		18,898		158,340		197,490
Net income allocable to members of Virtu Financial (for the period January 1, 2015 through April 15, 2015)		—		—		(83,147)
Noncontrolling interest		(15,959)		(125,360)		(93,456)
Net income available for common stockholders	$	2,939	$	32,980	$	20,887

Schedule of basic earnings per share

	For the Year Ended December 31,
(in thousands, except for share or per share data)	2017		2016		2015
Basic earnings per share:
Net income available for common stockholders	$	2,939	$	32,980	$	20,887
Less: Dividends and undistributed earnings allocated to participating securities		(1,326)		(809)		—
Net income available for common stockholders, net of dividends and undistributed earnings allocated to participating securities		1,613		32,171		20,887
Weighted average shares of common stock outstanding:
Class A		62,579,147		38,539,091		34,964,312
Basic Earnings per share	$	0.03	$	0.83	$	0.60

Schedule of diluted earnings per share

	For the Year Ended December 31,
(in thousands, except for share or per share data)	2017		2016		2015
Diluted earnings per share:
Net income available for common stockholders, net of dividends and undistributed earnings allocated to participating securities	$	1,613	$	32,171	$	20,887
Weighted average shares of common stock outstanding:
Class A
Issued and outstanding		62,579,147		38,539,091		34,964,312
Issuable pursuant to 2015 Management Incentive Plan(1)		—		—		375,273
		62,579,147		38,539,091		35,339,585
Diluted Earnings per share	$	0.03	$	0.83	$	0.59

The dilutive impact of unexercised stock options excludes from the computation of EPS 1,740,630,  743,096 and 0 options for the years ended December 31, 2017, 2016 and 2015, respectively, because inclusion of the options would have been anti-dilutive.