Acquisitions (Tables)

9 Months Ended

Sep. 30, 2019

Business Combinations [Abstract]

Summary of Components of Purchase Consideration Transferred and Preliminary Allocation of Assets Acquired and Liabilities Assumed

For the nine months ended September 30, 2019, the following table summarizes the components of the purchase consideration transferred, and the preliminary allocation of the assets acquired and liabilities assumed, for the acquisitions. Newmark expects to finalize its analysis of the assets acquired and liabilities assumed within the first year of the acquisition, and therefore adjustments to assets and liabilities may occur (in thousands):

	As of the Acquisition Date
Assets
Cash and cash equivalents	$	922
Goodwill		24,857
Receivables, net		4,348
Fixed Assets, net		15
Other intangible assets, net		2,075
Other assets		236
Total assets		32,453
Current liabilities
Current portion of accounts payable, accrued expenses    and other liabilities		1,365
Accrued compensation		2,125
Total liabilities		3,490
Net assets acquired	$	28,963

	As of the Acquisition Date
Assets
Cash and cash equivalents	$	1,110
Goodwill		42,188
Receivables, net		50,731
Fixed Assets, net		1,276
Other intangible assets, net		4,677
Other assets		2,894
Total assets		102,876
Current liabilities
Current portion of accounts payable, accrued expenses    and other liabilities		15,937
Accrued compensation		26,765
Total liabilities		42,702
Net assets acquired	$	60,174