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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2012
Earnings Per Share [Abstract]  
Earnings Per Share, Basic and Diluted
The computation of earnings per share is as follows:
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2012
 
2011
 
2012
 
2011
 
(dollars in thousands, except per share data)
Net income (loss) attributable to Cowen Group, Inc. stockholders
$
(7,946
)
 
$
20,037

 
$
(3,951
)
 
$
20,119

 
 
 
 
 
 
 
 
Shares for basic and diluted calculations:
 
 
 
 
 
 
 
Weighted average shares used in basic computation
114,561

 
76,330

 
114,420

 
75,600

Stock options

 

 

 

Restricted stock

 
1,568

 

 
1,289

Weighted average shares used in diluted computation
114,561

 
77,898

 
114,420

 
76,889

Earnings (loss) per share:
 
 
 
 
 
 
 
Basic
$
(0.07
)
 
$
0.26

 
$
(0.03
)
 
$
0.27

Diluted
$
(0.07
)
 
$
0.26

 
$
(0.03
)
 
$
0.26