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Stock Transactions and Unit Redemptions (Tables)
 3 Months Ended
Mar. 31, 2023
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 March 31,
20232022
Shares outstanding at beginning of period325,858 317,023 
Share issuances:
Redemptions/exchanges of limited partnership interests¹13,145 6,643 
Vesting of RSUs2,096 1,982 
Acquisitions658 912 
Other issuances of BGC Class A common stock13 3 
Restricted stock forfeitures(49)— 
Treasury stock repurchases(846)— 
Shares outstanding at end of period340,875 326,563 
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1Included in redemptions/exchanges of limited partnership interests for the three months ended March 31, 2023 and 2022 are 6.9 million shares of BGC Class A common stock granted in connection with the cancellation of 7.3 million LPUs, and 3.3 million shares of BGC Class A common stock granted in connection with the cancellation of 3.3 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 do 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 months ended March 31, 2023 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 Could Be Redeemed/
Purchased Under the Program at March 31, 2023
Redemptions1
January 1, 2023—March 31, 202323 $3.90 
Repurchases2
January 1, 2023—January 31, 2023— $— 
February 1, 2023—February 28, 2023— — 
March 1, 2023—March 31, 2023846 4.97 
Total Redemptions and Repurchases869 $4.95 $372,115 
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1.The Company redeemed an immaterial amount of LPUs during the three months ended March 31, 2023. During the three months ended March 31, 2023, the Company redeemed 23 thousand FPUs at an aggregate redemption price of $0.1 million for a weighted-average price of $3.90 per unit. The table above does not include units redeemed/cancelled in connection with the grant of 6.9 million shares of BGC Class A common stock during the three months ended March 31, 2023, nor the limited partnership interests exchanged for 6.3 million shares of BGC Class A common stock during the three months ended March 31, 2023.
2.During the three months ended March 31, 2023, the Company repurchased 0.8 million shares of BGC Class A common stock at an aggregate price of $4.2 million for a weighted-average price of $4.97 per share.
The gross unit redemptions and share repurchases of BGC Class A common stock during the three months ended March 31, 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 Could Be Redeemed/
Purchased
Under the Program at March 31, 2022
Redemptions1
January 1, 2022—March 31, 202243 $4.01 
Repurchases2
January 1, 2022—March 31, 2022— $— 
Total Redemptions and Repurchases43 $4.01 $191,635 

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1During the three months ended March 31, 2022, the Company redeemed 14 thousand LPUs at an aggregate redemption price of $59 thousand for a weighted-average price of $4.30 per unit. During the three months ended March 31, 2022, the Company redeemed 29 thousand FPUs at an aggregate redemption price of $114 thousand for a weighted-average price of $3.88 per unit. The table above does not include units redeemed/cancelled in connection with the grant of 3.3 million shares of BGC Class A common stock during the three months ended March 31, 2022, nor the limited partnership interests exchanged for 3.8 million shares of BGC Class A common stock during the three months ended March 31, 2022.
2The Company did not repurchase shares of BGC Class A common stock during the three months ended March 31, 2022.
Summary of Changes in Carrying Amount of FPUs The changes in the carrying amount of FPUs were as follows (in thousands):
Three Months Ended March 31,
20232022
Balance at beginning of period$15,519 $18,761 
Consolidated net income allocated to FPUs236 468 
Earnings distributions— (1,074)
FPUs exchanged(309)(339)
FPUs redeemed(23)(30)
Balance at end of period$15,423 $17,786