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Supplemental Financial Information
 12 Months Ended
Dec. 31, 2015
Supplemental Financial Information [Abstract]  
Supplemental Financial Information
Supplemental Financial Information
The following table presents unaudited quarterly results of operations for 2015 and 2014. These quarterly results reflect all normal recurring adjustments that are, in the opinion of management, necessary for a fair presentation of the results. Revenues and net income (loss) can vary significantly from quarter to quarter due to the nature of the Company's business activities.
Cowen Group, Inc.
Quarterly Financial Information (Unaudited)
 
Quarter Ended
 
March 31, 2015
 
June 30, 2015
 
September 30, 2015
 
December 31, 2015
 
(in thousands)
Total revenues
$
121,094

 
$
119,608

 
$
113,254

 
$
110,611

Net Income (loss) before income taxes
26,365

 
13,978

 
(11,083
)
 
(17,781
)
Income tax expense (benefit)
6,947

 
3,346

 
(5,081
)
 
(52,708
)
Net income (loss) from continuing operations
19,418

 
10,632

 
(6,002
)
 
34,927

Net Income (loss) attributable to redeemable non-controlling interests in consolidated subsidiaries and funds
2,720

 
3,916

 
4,344

 
4,266

Net income (loss) attributable to Cowen Group, Inc.
$
16,698

 
$
6,716

 
$
(10,346
)
 
$
30,661

Preferred stock dividends
—

 
755

 
1,603

 
1,717

Net income (loss) attributable to Cowen Group, Inc. common stockholders
16,698

 
5,961

 
(11,949
)
 
28,944

Earnings (loss) per share:
 
 
 
 
 
 
 
Basic
$
0.15

 
$
0.05

 
$
(0.11
)
 
$
0.27

Diluted
$
0.14

 
$
0.05

 
$
(0.11
)
 
$
0.26

Weighted average number of common shares:
 
 
 
 
 
 
 
Basic
112,053

 
111,915

 
109,191

 
107,236

Diluted
118,590

 
118,226

 
109,191

 
112,730

 
Quarter Ended
 
March 31, 2014
 
June 30, 2014
 
September 30, 2014
 
December 31, 2014
 
(in thousands)
Total revenues
$
106,677

 
$
92,902

 
$
107,101

 
$
121,096

Net Income (loss) before income taxes
14,106

 
13,644

 
10,670

 
19,416

Income tax expense (benefit)
79

 
46

 
141

 
(125,210
)
Net income (loss) from continuing operations
14,027

 
13,598

 
10,529

 
144,626

Net Income (loss) attributable to redeemable non-controlling interests in consolidated subsidiaries and funds
4,187

 
5,216

 
4,006

 
2,155

Net income (loss) attributable to Cowen Group, Inc. stockholders
$
9,840

 
$
8,382

 
$
6,523

 
$
142,471

Earnings (loss) per share:
 
 
 
 
 
 
 
Basic
$
0.09

 
$
0.07

 
$
0.06

 
$
1.26

Diluted
$
0.08

 
$
0.07

 
$
0.05

 
$
1.21

Weighted average number of common shares:
 
 
 
 
 
 
 
Basic
115,680

 
115,569

 
114,969

 
113,492

Diluted
122,898

 
120,199

 
118,801

 
118,222