XML 71 R57.htm IDEA: XBRL DOCUMENT v3.8.0.1
Earnings Per Share (Tables)
 12 Months Ended
Dec. 31, 2017
Earnings Per Share [Abstract]  
Earnings Per Share, Basic and Diluted
The computation of earnings per share is as follows:
 
Year Ended December 31,
 
2017
 
2016
 
2015
 
(dollars in thousands, except share and per share data)
Net income (loss)
$
(37,091
)
 
$
(12,395
)
 
$
58,975

Net income (loss) attributable to redeemable non-controlling interests in consolidated subsidiaries and funds
23,791

 
6,882

 
15,246

Net income (loss) attributable to Cowen Inc.
(60,882
)
 
(19,277
)
 
43,729

Preferred stock dividends
6,792

 
6,792

 
4,075

Net income (loss) attributable to Cowen Inc. common stockholders
$
(67,674
)
 
$
(26,069
)
 
$
39,654

 
 
 
 
 
 
Shares for basic and diluted calculations:
 
 
 
 
 
Weighted average shares used in basic computation
29,492

 
26,857

 
27,522

Stock options
—

 
—

 
3

Performance based restricted stock
—

 
—

 
65

Stock appreciation rights
—

 
—

 
35

Restricted stock
—

 
—

 
1,418

Weighted average shares used in diluted computation
29,492

 
26,857

 
29,043

Earnings (loss) per share:
 
 
 
 
 
Basic
$
(2.29
)
 
$
(0.97
)
 
$
1.44

Diluted
$
(2.29
)
 
$
(0.97
)
 
$
1.37