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Earnings Per Share (Tables)
 12 Months Ended
Dec. 31, 2016
Earnings Per Share [Abstract]  
Earnings Per Share, Basic and Diluted
The computation of earnings per share is as follows:
 
Year Ended December 31,
 
2016
 
2015
 
2014
 
(dollars in thousands, except per share data)
Net income (loss)
$
(12,395
)
 
$
58,975

 
$
182,780

Net income (loss) attributable to redeemable non-controlling interests in consolidated subsidiaries and funds
6,882

 
15,246

 
15,564

Net income (loss) attributable to Cowen Group, Inc.
(19,277
)
 
43,729

 
167,216

Preferred stock dividends
6,792

 
4,075

 
—

Net income (loss) attributable to Cowen Group, Inc. common stockholders
$
(26,069
)
 
$
39,654

 
$
167,216

 
 
 
 
 
 
Shares for basic and diluted calculations:
 
 
 
 
 
Weighted average shares used in basic computation (a)
26,857

 
27,522

 
28,731

Stock options (a)
—

 
3

 
—

Performance based restricted stock (a)
—

 
65

 
—

Stock appreciation rights (a)
—

 
35

 
15

Restricted stock (a)
—

 
1,418

 
1,125

Weighted average shares used in diluted computation (a)
26,857

 
29,043

 
29,871

Earnings (loss) per share:
 
 
 
 
 
Basic (a)
$
(0.97
)
 
$
1.44

 
$
5.82

Diluted (a)
$
(0.97
)
 
$
1.37

 
$
5.60


(a) Share and per share amounts have been retroactively updated to reflect the one-for-four reverse stock split effective as of December 5, 2016.