Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2019

The computation of earnings per share is as follows:


	Year Ended December 31,
	2019		2018		2017
	(dollars in thousands, except share and per share data)
Net income (loss)	$	55,870	79,879		$	(37,091)
Net income (loss) attributable to non-controlling interests in consolidated subsidiaries and investment funds	31,239		37,060		23,791
Net income (loss) attributable to Cowen Inc.	24,631		42,819		(60,882)
Preferred stock dividends	6,792		6,792		6,792
Net income (loss) attributable to Cowen Inc. common stockholders	$	17,839	$	36,027	$	(67,674)

Shares for basic and diluted calculations:
Weighted average shares used in basic computation	29,525		29,545		29,492


Contingently issuable common stock in connection with an acquisition (see Note 3)	26		—		—
Restricted stock	1,735		1,190		—
Weighted average shares used in diluted computation	31,286		30,735		29,492
Earnings (loss) per share:
Basic	$	0.60	$	1.22	$	(2.29)
Diluted	$	0.57	$	1.17	$	(2.29)