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Stock Transactions and Unit Redemptions (Tables)
 6 Months Ended
Jun. 30, 2022
Equity [Abstract]  
Changes in Shares of Class A Common Stock Outstanding Changes in shares of BGC Class A common stock outstanding were as follows (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2022202120222021
Shares outstanding at beginning of period326,563 334,364 317,023 323,018 
Share issuances:
Redemptions/exchanges of limited partnership interests¹5,071 30,156 11,714 40,587 
Vesting of RSUs589 360 2,571 1,728 
Acquisitions274 537 1,186 787 
Other issuances of BGC Class A common stock339 5 342 266 
Restricted stock forfeitures(4)(84)(4)(84)
Treasury stock repurchases(8,745)(16,543)(8,745)(17,507)
Shares outstanding at end of period324,087 348,795 324,087 348,795 
____________________________
1Included in redemptions/exchanges of limited partnership interests for the three months ended June 30, 2022 and 2021 are 4.7 million shares of BGC Class A common stock granted in connection with the cancellation of 4.8 million LPUs, and 13.8 million shares of BGC Class A common stock granted in connection with the cancellation of 14.6 million LPUs, respectively. Included in redemptions/exchanges of limited partnership interests for the six months ended June 30, 2022 and 2021 are 7.9 million shares of BGC Class A common stock granted in connection with the cancellation of 8.1 million LPUs, and 15.4 million shares of BGC Class A common stock granted in connection with the cancellation of 16.3 million LPUs, respectively. Because LPUs are included in the Company’s fully diluted share count, if dilutive, redemptions/exchanges in connection with the issuance of BGC Class A common stock would not impact the fully diluted number of shares outstanding.
Gross Unit Redemptions and Share Repurchases of Class A Common Stock The tables below represent the units redeemed and/or shares repurchased for cash and does not include units redeemed/cancelled in connection with the grant of shares of BGC Class A common stock nor the limited partnership interests exchanged for shares of BGC Class A common stock. The gross unit redemptions and share repurchases of BGC Class A common stock during the three and six months ended June 30, 2022 were as follows (in thousands, except for weighted-average price data):
PeriodTotal Number
of Units
Redeemed
or Shares
Repurchased		Weighted-Average Price
Paid per Unit
or Share		Approximate
Dollar Value
of Units and
Shares That May
Yet Be Redeemed/
Purchased
Under the Program
Redemptions1,2
January 1, 2022—March 31, 202243 $4.01 
April 1, 2022—June 30, 20221,010 $3.81 
Total Redemptions1,053 $3.82 
Repurchases3,4
January 1, 2022—March 31, 2022— $— 
April 1, 2022 - April 30, 2022— $— 
May 1, 2022 - May 31, 20221,150 $3.70 
June 1, 2022 - June 30, 20227,595 $3.31 
Total Repurchases8,745 $3.36 
Total Redemptions and Repurchases9,798 $3.41 $158,404 
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1.During the three months ended June 30, 2022, the Company redeemed 1.0 million LPUs at an aggregate redemption price of $3.7 million for a weighted-average price of $3.84 per unit. During the three months ended June 30, 2022, the Company redeemed 40 thousand FPUs at an aggregate redemption price of $0.1 million for a weighted-average price of $2.94 per unit. The table above does not include units redeemed/cancelled in connection with the grant of 4.7 million shares of BGC Class A common stock during the three months ended June 30, 2022, nor the limited partnership interests exchanged for 0.7 million shares of BGC Class A common stock during the three months ended June 30, 2022.
2.During the six months ended June 30, 2022, the Company redeemed 1.0 million LPUs at an aggregate redemption price of $3.8 million for a weighted-average price of $3.85 per unit. During the six months ended June 30, 2022, the Company redeemed 0.1 million FPUs at an aggregate redemption price of $0.2 million for a weighted-average of $3.33 per unit. The table above does not include units redeemed/cancelled in connection with the grant of 7.9 million shares of BGC Class A common stock during the six months ended June 30, 2022, nor the limited partnership interests exchanged for 4.5 million shares of BGC Class A common stock during the six months ended June 30, 2022.
3During the three months ended June 30, 2022, the Company repurchased 8.7 million shares of BGC Class A common stock at an aggregate price of $29.4 million for a weighted-average price of $3.36 per share.
4During the six months ended June 30, 2022, the Company repurchased 8.7 million shares of BGC Class A common stock at an aggregate price of $29.4 million for a weighted-average price of $3.36 per share.
The gross unit redemptions and share repurchases of BGC Class A common stock during the three and six months ended June 30, 2021 were as follows (in thousands, except for weighted-average price data):
PeriodTotal Number
of Units
Redeemed
or Shares
Repurchased		Weighted-Average Price
Paid per Unit
or Share		Approximate
Dollar Value
of Units and
Shares That May
Yet Be Redeemed/
Purchased
Under the Program
Redemptions1,2
January 1, 2021—March 31, 202120 $4.40 
April 1, 2021—June 30, 20214,715 $5.82 
Total Redemptions4,735 $5.82 
Repurchases3,4
January 1, 2021—March 31, 2021965 $4.56 
April 2, 2021 - April 30, 20212 $5.29 
May 1, 2021 - May 31, 20211,018 $5.59 
June 1, 2021 - June 30, 202115,522 $6.29 
Total Repurchases17,507 $6.16 
Total Redemptions and Repurchases22,242 $6.08 $114,584 
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1During the three months ended June 30, 2021, the Company redeemed 4.7 million LPUs at an aggregate redemption price of $27.3 million for a weighted-average price of $5.84 per unit. During the three months ended June 30, 2021, the Company redeemed 44 thousand FPUs at an aggregate redemption price of $0.2 million for an average price of $4.06 per unit. The table above does not include units redeemed/cancelled in connection with the grant of 13.8 million shares of BGC Class A common stock during the three months ended June 30, 2021, nor the limited partnership interests exchanged for 16.8 million shares of BGC Class A common stock during the three months ended June 30, 2021.
2During the six months ended June 30, 2021, the Company redeemed 4.7 million LPUs at an aggregate redemption price of $27.3 million for a weighted-average price of $5.83 per unit. During the six months ended June 30, 2021, the Company redeemed 0.1 million FPUs at an aggregate redemption price of $0.2 million for a weighted-average price of $4.11 per unit. The table above does not include units redeemed/cancelled in connection with the grant of 15.4 million shares of BGC Class A common stock during the six months ended June 30, 2021, nor the limited partnership interests exchanged for 25.9 million shares of BGC Class A common stock during the six months ended June 30, 2021.
3During the three months ended June 30, 2021, the Company repurchased 16.5 million shares of BGC Class A common stock at an aggregate price of $103.4 million for a weighted-average price of $6.25 per share.
4During the six months ended June 30, 2021, the Company repurchased 17.5 million shares of BGC Class A common stock at an aggregate price of $107.8 million for a weighted-average price of $6.16 per share.
Summary of Changes in Carrying Amount of FPUs
The changes in the carrying amount of FPUs were as follows (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2022202120222021
Balance at beginning of period$17,786 $19,989 $18,761 $20,674 
Consolidated net income allocated to FPUs253 438 721 958 
Earnings distributions(465)(520)(1,539)(520)
FPUs exchanged(380)(253)(719)(509)
FPUs redeemed(748)(72)(778)(1,021)
Balance at end of period$16,446 $19,582 $16,446 $19,582