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Earnings Per Share (Tables)
 6 Months Ended
Jun. 30, 2016
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,
 
2016
 
2015
 
2016
 
2015
 
(dollars in thousands, except per share data)
Net income (loss)
$
(27,161
)
 
$
10,632

 
$
(35,156
)
 
$
30,050

Net income (loss) attributable to redeemable non-controlling interests in consolidated subsidiaries and funds
(16,705
)
 
3,916

 
(21,002
)
 
6,636

Net income (loss) attributable to Cowen Group, Inc.
(10,456
)
 
6,716

 
(14,154
)
 
23,414

Preferred stock dividends
1,698

 
755

 
3,396

 
755

Net income (loss) attributable to Cowen Group, Inc. common stockholders
$
(12,154
)
 
$
5,961

 
$
(17,550
)
 
$
22,659

 
 
 
 
 
 
 
 
Shares for basic and diluted calculations:
 
 
 
 
 
 
 
Weighted average shares used in basic computation
107,471

 
111,915

 
106,918

 
111,987

Stock options
—

 
25

 
—

 
27

Performance based restricted stock
—

 
276

 
—

 
261

Stock appreciation rights
—

 
170

 
—

 
148

Restricted stock
—

 
5,840

 
—

 
5,893

Weighted average shares used in diluted computation
107,471

 
118,226

 
106,918

 
118,316

Earnings (loss) per share:
 
 
 
 
 
 
 
Basic
$
(0.11
)
 
$
0.05

 
$
(0.16
)
 
$
0.20

Diluted
$
(0.11
)
 
$
0.05

 
$
(0.16
)
 
$
0.19