Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2021

The computation of earnings per share is as follows:


	Three Months Ended March 31,
		2021		2020
		(dollars and share data in thousands, except per share data)
Net income (loss)		$	152,066	(72,111)
Net income (loss) attributable to non-controlling interests in consolidated subsidiaries and investment funds		4,562		(62,188)
Net income (loss) attributable to Cowen Inc.		147,504		(9,923)
Preferred stock dividends		1,698		1,698
Net income (loss) attributable to Cowen Inc. common stockholders		$	145,806	$	(11,621)

Shares for basic and diluted calculations:
Weighted average shares used in basic computation		27,359		28,598

Performance based restricted stock		445		—

December 2022 Convertible Notes		2,659		—
Restricted stock		3,102		—
Weighted average shares used in diluted computation		33,565		28,598
Earnings (loss) per share:
Basic		$	5.33	$	(0.41)
Diluted		$	4.34	$	(0.41)