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Supplemental Financial Information (Tables)
12 Months Ended
Dec. 31, 2013
Supplemental Financial Information [Abstract]  
Schedule of Quarterly Financial Information [Table Text Block]
 
Quarter Ended
 
March 31, 2013
 
June 30, 2013
 
September 30, 2013
 
December 31, 2013
 
(in thousands)
Total revenues
$
67,241

 
$
81,207

 
$
81,360

 
$
97,438

Net Income (loss) before income taxes
1,095

 
3,506

 
8,324

 
5,372

Income tax expense (benefit)
176

 
158

 
(46
)
 
169

Net income (loss) from continuing operations
919

 
3,348

 
8,370

 
5,203

Net Income (loss) attributable to redeemable non-controlling interests in consolidated subsidiaries and funds
3,495

 
2,255

 
4,759

 
2,684

Net income (loss) attributable to Cowen Group, Inc. stockholders
$
(2,576
)
 
$
1,093

 
$
3,611

 
$
2,519

Earnings (loss) per share:
 
 
 
 
 
 
 
Basic
$
(0.02
)
 
$
0.01

 
$
0.03

 
$
0.02

Diluted
$
(0.02
)
 
$
0.01

 
$
0.03

 
$
0.02

Weighted average number of common shares:
 
 
 
 
 
 
 
Basic
113,798

 
117,235

 
118,359

 
117,514

Diluted
113,798

 
120,901

 
122,708

 
123,573

 
Quarter Ended
 
March 31, 2012
 
June 30, 2012
 
September 30, 2012
 
December 31, 2012
 
(in thousands)
Total revenues
$
57,480

 
$
59,470

 
$
57,598

 
$
65,932

Net Income (loss) before income taxes
6,378

 
(10,189
)
 
(11,455
)
 
(8,243
)
Income tax expense (benefit)
142

 
191

 
163

 
(48
)
Net income (loss) from continuing operations
6,236

 
(10,380
)
 
(11,618
)
 
(8,195
)
Net Income (loss) attributable to redeemable non-controlling interests in consolidated subsidiaries and funds
2,241

 
(2,434
)
 
(1,033
)
 
1,154

Net income (loss) attributable to Cowen Group, Inc. stockholders
$
3,995

 
$
(7,946
)
 
$
(10,585
)
 
$
(9,349
)
Earnings (loss) per share:
 
 
 
 
 
 
 
Basic
$
0.03

 
$
(0.07
)
 
$
(0.09
)
 
$
(0.08
)
Diluted
$
0.03

 
$
(0.07
)
 
$
(0.09
)
 
$
(0.08
)
Weighted average number of common shares:
 
 
 
 
 
 
 
Basic
114,281

 
114,561

 
114,989

 
113,939

Diluted
115,663

 
114,561

 
114,989

 
113,939