Stock Transactions and Unit Redemptions (Tables)

9 Months Ended

Sep. 30, 2019

Schedule of Changes in Common Stock Outstanding

Changes in shares of Newmark’s Class A common stock outstanding were as follows:

	Three Months Ended September 30,					Nine Months Ended September 30,
	2019			2018		2019			2018
Shares outstanding at beginning of period		156,679,527			138,921,533		156,916,336			138,593,786
Limited partnership unit redemption/exchange ⁽¹⁾		543,990			12,381		1,666,766			12,381
Other issuances of Class A common stock		2,364			—		81,206			327,747
Issuance of Class A common stock for Newmark RSUs		42,618			5,058		217,223			5,058
Purchase of Newmark treasury stock		(2,279,373	)		—		(3,892,405	)		—
Shares outstanding at end of period		154,989,126			138,938,972		154,989,126			138,938,972

(1)

Because they were included in the Newmark’s fully diluted share count, if dilutive, any exchange of limited partnership interests into Class A common shares would not impact the fully diluted number of shares and units outstanding.

Schedule of Share Repurchase Activity

Period	Total Number of Shares Repurchased		Average Price Paid per Unit or Share		Total Number of Shares Purchased as Part of Publicly Announced Program		Approximate Dollar Value of Units and Shares That May Yet Be Redeemed/ Purchased Under the Plan
Balance at beginning of period		50,000	$	9.73		50,000	$	199,514
January 1, 2019 - March 31, 2019	—		—		—		—
April 1, 2019 - June 30, 2019		1,613,032		8.61		1,613,032		185,618
July 1, 2019 - September 30, 2019		2,279,373		8.81		2,279,373		165,530
Total		3,942,405	$	8.74		3,942,405	$	165,530

Schedule of Changes in Carrying Amount of Redeemable Partnership Interest

The changes in the carrying amount of redeemable partnership interest as of September 30, 2019, and as of December 31, 2018, were as follows (in thousands):

	September 30, 2019			December 31, 2018
Balance at beginning of period	$	26,170		$	21,096
Income allocation		5,288			6,779
Distributions of income		(1,677	)		(2,843	)
FPU redemptions		(905	)		(1,101	)
Issuance		—			2,239
Other		19			—
Balance at end of period	$	28,895		$	26,170