Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2020

Earnings Per Share [Abstract]

Earnings Per Share, Basic and Diluted

The computation of earnings per share is as follows:

	Three Months Ended March 31,
	2020		2019
	(dollars in thousands, except share and per share data)
Net income (loss)	$	(72,111)	10,295
Net income (loss) attributable to non-controlling interests in consolidated subsidiaries and investment funds	(62,188)		512
Net income (loss) attributable to Cowen Inc.	(9,923)		9,783
Preferred stock dividends	1,698		1,698
Net income (loss) attributable to Cowen Inc. common stockholders	$	(11,621)	$	8,085
Shares for basic and diluted calculations:
Weighted average shares used in basic computation	28,598		29,750
Restricted stock	—		1,875
Weighted average shares used in diluted computation	28,598		31,625
Earnings (loss) per share:
Basic	$	(0.41)	$	0.27
Diluted	$	(0.41)	$	0.26