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Supplemental Financial Information (Tables)
 12 Months Ended
Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Information
The following table presents unaudited quarterly results of operations for 2016 and 2015. 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, 2016
 
June 30, 2016
 
September 30, 2016
 
December 31, 2016
 
(dollars in thousands, except per share data)
Total revenues
$
101,039

 
$
117,231

 
$
131,027

 
$
122,268

Income (loss) before income taxes
(11,315
)
 
(39,153
)
 
24,018

 
(5,037
)
Income tax expense (benefit)
(3,320
)
 
(11,992
)
 
8,759

 
(12,539
)
Net income (loss) from continuing operations
(7,995
)
 
(27,161
)
 
15,259

 
7,502

Net income (loss) attributable to redeemable non-controlling interests in consolidated subsidiaries and funds
(4,297
)
 
(16,705
)
 
18,478

 
9,406

Net income (loss) attributable to Cowen Group, Inc.
(3,698
)
 
(10,456
)
 
(3,219
)
 
(1,904
)
Preferred stock dividends
1,698

 
1,698

 
1,698

 
1,698

Net income (loss) attributable to Cowen Group, Inc. common stockholders
$
(5,396
)
 
$
(12,154
)
 
$
(4,917
)
 
$
(3,602
)
Earnings (loss) per share:
 
 
 
 
 
 
 
Basic (a)
$
(0.20
)
 
$
(0.45
)
 
$
(0.18
)
 
$
(0.13
)
Diluted (a)
$
(0.20
)
 
$
(0.45
)
 
$
(0.18
)
 
$
(0.13
)
Weighted average number of common shares:
 
 
 
 
 
 
 
Basic (a)
26,591

 
26,867

 
26,993

 
26,973

Diluted (a)
26,591

 
26,867

 
26,993

 
26,973

 
Quarter Ended
 
March 31, 2015
 
June 30, 2015
 
September 30, 2015
 
December 31, 2015
 
(dollars in thousands, except per share data)
Total revenues
$
121,094

 
$
119,608

 
$
113,254

 
$
110,611

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 (a)
$
0.60

 
$
0.21

 
$
(0.44
)
 
$
1.08

Diluted (a)
$
0.56

 
$
0.20

 
$
(0.44
)
 
$
1.03

Weighted average number of common shares:
 
 
 
 
 
 
 
Basic (a)
28,013

 
27,978

 
27,297

 
26,809

Diluted (a)
29,647

 
29,556

 
27,297

 
28,182



(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.