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Compensation (Tables)
 12 Months Ended
Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]  
Compensation Expense
The Company incurred compensation expense related to Class A common stock, LPUs and RSUs held by BGC employees as follows (in thousands):
Year Ended December 31,
202220212020
Issuance of common stock and grants of exchangeability$147,480 $128,107 $84,966 
Allocations of net income1
13,298 34,335 14,006 
LPU amortization73,734 78,596 74,282 
RSU amortization16,559 15,126 10,291 
Equity-based compensation and allocations of net income to limited partnership units and FPUs
$251,071 $256,164 $183,545 
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1Certain LPUs generally receive quarterly allocations of net income, including the Preferred Distribution, and are generally contingent upon services being provided by the unit holders.
Compensation expense related to the issuance of BGC or Newmark Class A common stock and grants of exchangeability on BGC Holdings and Newmark Holdings LPUs held by BGC employees is as follows (in thousands):
Year Ended December 31,
202220212020
Issuance of common stock and grants of exchangeability$147,480 $128,107 $84,966 
Compensation expense related to the amortization of LPUs held by BGC employees is as follows (in thousands):
Year Ended December 31,
202220212020
Stated vesting schedule$74,561 $78,535 $73,034 
Post-termination payout(827)61 1,248 
LPU amortization$73,734 $78,596 $74,282 
Compensation expense related to RSUs held by BGC employees is as follows (in thousands):
Year Ended December 31,
202220212020
RSU amortization$16,559 $15,126 $10,291 
Activity Associated with Limited Partnership Units Held by BGC Employees
Limited Partnership Units
A summary of the activity associated with LPUs held by BGC employees is as follows (in thousands):
BGC
LPUs		Newmark
LPUs
Balance at December 31, 2019102,407 14,607 
Granted50,269 — 
Redeemed/exchanged units(14,642)(1,300)
Forfeited units(382)(105)
Balance at December 31, 2020137,652 13,202 
Granted34,093 — 
Redeemed/exchanged units(58,832)(1,881)
Forfeited units(798)(270)
Balance at December 31, 2021112,115 11,051 
Granted27,968 — 
Redeemed/exchanged units(24,623)(1,636)
Forfeited units(5,112)(64)
Balance at December 31, 2022110,348 9,351 
Summary of the BGC Holdings and Newmark Holdings LPUs held by BGC Employees
A summary of the BGC Holdings and Newmark Holdings LPUs held by BGC employees is as follows (in thousands):
BGC
LPUs		Newmark
LPUs
Regular Units77,777 7,153 
Preferred Units32,571 2,198 
Balance at December 31, 2022110,348 9,351 
Activity Associated with Limited Partnership Units Awarded to BGC Employees
A summary of the LPUs redeemed in connection with the issuance of BGC Class A common stock or Newmark Class A common stock (at the then-current Exchange Ratio) or granted exchangeability for BGC Class A common stock or Newmark Class A common stock (at the then-current Exchange Ratio) held by BGC employees is as follows (in thousands):
Year Ended December 31,
202220212020
BGC Holdings LPUs29,363 23,001 16,618 
Newmark Holdings LPUs596 1,078 1,164 
Total29,959 24,079 17,782 
Summary of Outstanding LPUs Held by BGC Employees with Stated Vesting
A summary of the outstanding LPUs held by BGC employees with a stated vesting schedule that do not receive quarterly allocations of net income is as follows (in thousands):
December 31, 2022December 31, 2021
BGC Holdings LPUs47,222 42,754 
Newmark Holdings LPUs98 235 
Aggregate estimated grant date fair value of BGC and Newmark Holdings LPUs$194,951 $178,873 
Activity Associated with Restricted Stock Units
A summary of the activity associated with RSUs held by BGC employees and directors is as follows (RSUs and dollars in thousands):
RSUsWeighted- Average Grant Date Fair ValueFair Value AmountWeighted- Average Remaining Contractual Term (Years)
Balance at December 31, 20194,478 $5.25 $23,516 2.50
Granted6,618 3.25 21,506 
Delivered(1,579)5.79 (9,148)
Forfeited(557)4.11 (2,292)
Balance at December 31, 20208,960 $3.75 $33,582 2.46
Granted6,319 4.23 26,716 
Delivered(3,135)4.08 (12,792)
Forfeited(1,110)4.28 (4,750)
Balance at December 31, 202111,034 $3.87 $42,756 2.27
Granted7,125 4.27 30,406 
Delivered(4,858)3.86 (18,743)
Forfeited(1,255)3.93 (4,933)
Balance at December 31, 202212,046 $4.11 $49,486 2.42