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Earnings Per Share (Tables)
 9 Months Ended
Sep. 30, 2016
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,
 
2016
 
2015
 
2016
 
2015
 
(dollars in thousands, except per share data)
Net income (loss)
$
15,259

 
$
(6,002
)
 
$
(19,897
)
 
$
24,048

Net income (loss) attributable to redeemable non-controlling interests in consolidated subsidiaries and funds
18,478

 
4,344

 
(2,524
)
 
10,980

Net income (loss) attributable to Cowen Group, Inc.
(3,219
)
 
(10,346
)
 
(17,373
)
 
13,068

Preferred stock dividends
1,698

 
1,603

 
5,094

 
2,358

Net income (loss) attributable to Cowen Group, Inc. common stockholders
$
(4,917
)
 
$
(11,949
)
 
$
(22,467
)
 
$
10,710

 
 
 
 
 
 
 
 
Shares for basic and diluted calculations:
 
 
 
 
 
 
 
Weighted average shares used in basic computation
107,974

 
109,191

 
107,272

 
111,050

Stock options
—

 
—

 
—

 
19

Performance based restricted stock
—

 
—

 
—

 
266

Stock appreciation rights
—

 
—

 
—

 
152

Restricted stock
—

 
—

 
—

 
5,762

Weighted average shares used in diluted computation
107,974

 
109,191

 
107,272

 
117,249

Earnings (loss) per share:
 
 
 
 
 
 
 
Basic
$
(0.05
)
 
$
(0.11
)
 
$
(0.21
)
 
$
0.10

Diluted
$
(0.05
)
 
$
(0.11
)
 
$
(0.21
)
 
$
0.09