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Earnings Per Share (Tables)
 12 Months Ended
Dec. 31, 2014
Earnings Per Share [Abstract]  
Earnings Per Share, Basic and Diluted
The computation of earnings per share is as follows:
 
Year Ended December 31,
 
2014
 
2013
 
2012
 
(dollars in thousands, except per share data)
Net income (loss)
$
182,780

 
$
17,840

 
$
(23,957
)
Net income (loss) attributable to redeemable non-controlling interests in consolidated subsidiaries and funds
15,564

 
13,193

 
(72
)
Net income (loss) attributable to Cowen Group, Inc. stockholders
$
167,216

 
$
4,647

 
(23,885
)
 
 
 
 
 
 
Shares for basic and diluted calculations:
 
 
 
 
 
Weighted average shares used in basic computation
114,926

 
116,703

 
114,400

Warrants
—

 
—

 
—

Stock options
—

 
—

 
—

Stock appreciation rights
60

 
306

 
—

Restricted stock
4,500

 
4,108

 
—

Weighted average shares used in diluted computation
119,486

 
121,117

 
114,400

Earnings (loss) per share:
 
 
 
 
 
Basic
$
1.45

 
$
0.04

 
$
(0.21
)
Diluted
$
1.40

 
$
0.04

 
$
(0.21
)