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Earnings Per Share (Tables)
 9 Months Ended
Sep. 30, 2015
Earnings Per Share [Abstract]  
Earnings Per Share, Basic and Diluted
The computation of earnings per share is as follows:
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2015
 
2014
 
2015
 
2014
 
(dollars in thousands, except per share data)
Net income (loss)
$
(6,002
)
 
$
10,529

 
$
24,048

 
$
38,154

Net income (loss) attributable to redeemable non-controlling interests in consolidated subsidiaries and funds
4,344

 
4,006

 
10,980

 
13,409

Net income (loss) attributable to Cowen Group, Inc.
(10,346
)
 
6,523

 
13,068

 
24,745

Preferred stock dividends
1,603

 
—

 
2,358

 
—

Net income (loss) attributable to Cowen Group, Inc. common stockholders
$
(11,949
)
 
$
6,523

 
$
10,710

 
$
24,745

 
 
 
 
 
 
 
 
Shares for basic and diluted calculations:
 
 
 
 
 
 
 
Weighted average shares used in basic computation
109,191

 
114,969

 
111,050

 
115,407

Stock options
—

 
—

 
19

 
—

Performance based restricted stock
—

 
—

 
266

 
—

Stock appreciation rights
—

 
59

 
152

 
57

Restricted stock
—

 
3,773

 
5,762

 
4,563

Weighted average shares used in diluted computation
109,191

 
118,801

 
117,249

 
120,027

Earnings (loss) per share:
 
 
 
 
 
 
 
Basic
$
(0.11
)
 
$
0.06

 
$
0.10

 
$
0.21

Diluted
$
(0.11
)
 
$
0.05

 
$
0.09

 
$
0.21