Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2019

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,
	2019		2018		2019		2018
	(dollars in thousands, except share and per share data)
Net income (loss)	$	6,583	$	19,598	$	26,596	$	75,538
Net income (loss) attributable to non-controlling interests in consolidated subsidiaries and investment funds	2,770		4,110		7,188		37,798
Net income (loss) attributable to Cowen Inc.	3,813		15,488		19,408		37,740
Preferred stock dividends	1,698		1,698		5,094		5,094
Net income (loss) attributable to Cowen Inc. common stockholders	$	2,115	$	13,790	$	14,314	$	32,646
Shares for basic and diluted calculations:
Weighted average shares used in basic computation	29,529		29,610		29,687		29,662
Restricted stock	1,735		1,234		1,694		951
Weighted average shares used in diluted computation	31,264		30,844		31,381		30,613
Earnings (loss) per share:
Basic	$	0.07	$	0.47	$	0.48	$	1.10
Diluted	$	0.07	$	0.45	$	0.46	$	1.07