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Earnings Per Share (Tables)
 6 Months Ended
Jun. 30, 2014
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,
 
2014
 
2013
 
2014
 
2013
 
(dollars in thousands, except per share data)
Net income (loss)
$
13,598

 
$
3,348

 
$
27,625

 
$
4,267

Net income (loss) attributable to redeemable non-controlling interests in consolidated subsidiaries and funds
5,216

 
2,255

 
9,403

 
5,750

Net income (loss) attributable to Cowen Group, Inc. stockholders
$
8,382

 
$
1,093

 
18,222

 
(1,483
)
 
 
 
 
 
 
 
 
Shares for basic and diluted calculations:
 
 
 
 
 
 
 
Weighted average shares used in basic computation
115,569

 
117,235

 
115,626

 
115,471

Warrants
—

 
—

 
—

 
—

Stock options
—

 
—

 
—

 
—

Stock appreciation rights
58

 
—

 
56

 
—

Restricted stock
4,572

 
3,666

 
4,953

 
—

Weighted average shares used in diluted computation
120,199

 
120,901

 
120,635

 
115,471

Earnings (loss) per share:
 
 
 
 
 
 
 
Basic
$
0.07

 
$
0.01

 
$
0.16

 
$
(0.01
)
Diluted
$
0.07

 
$
0.01

 
$
0.15

 
$
(0.01
)