Revenues from Contracts with Customers (Tables)

3 Months Ended

Mar. 31, 2018

Schedule of Revenues from Contracts with Customers and Our Other Sources of Revenues

The following table presents Newmark’s total revenues separately for its revenues from contracts with customers and our other sources of revenues (in thousands):

	Three Months Ended March 31,
	2018
Revenues from contracts with customers:
Leasing and other commissions	$	159,371
Capital markets		101,364
Management services		96,933
Revenues		357,668
Other sources of revenue:
Gains from mortgage banking activities/originations, net⁽¹⁾		38,914
Servicing fees and other⁽¹⁾		33,878
Revenues	$	430,460

(1)	Although these items have customers under contract, they were recorded as other sources of revenue as they were excluded from the scope of ASU No. 2014-09.

ASC 606 [Member]

Summary of Impact to Condensed Consolidated Balance Sheets and Condensed Consolidated Statement of Operations

The table below presents the impact to the Newmark’s condensed consolidated balance sheets and condensed consolidated statement of operations as a result of applying the new revenue recognition standard, as codified within ASC 606 (in thousands):

	For the Three Months Ended March 31, 2018
	As Reported		Under Previous U.S. GAAP		Effect of Change Higher/(Lower) (1)
Income Statement
Revenues
Leasing and other commissions	$	159,371		148,754	$	10,617
Capital Markets		101,364		101,364		—
Gains from mortgage banking activities/originations, net		38,914		38,914		—
Management services, servicing fees and other		130,811		112,424		18,387

Expenses
Compensation and employee benefits		252,695		247,053		5,642
Operating, administrative and other	$	75,427		57,040	$	18,387

(1)	The amounts reflect each affected financial statement line item as they would have been reported under U.S. GAAP, prior to the adoption of the new revenue standard.

	March 31, 2018
	As Reported		Under Previous U.S. GAAP		Effect of Change Higher/(Lower) (1)
Balance Sheet
Receivables, net	$	293,148		214,695	$	78,453

Liabilities
Accrued compensation		205,732		168,338		37,394
Current portion of accounts payable, accrued expenses and other liabilities	$	165,746		148,466	$	17,280

(1)	The amounts reflect each affected financial statement line item as they would have been reported under U.S. GAAP, prior to the adoption of the new revenue standard