XML 133 R81.htm IDEA: XBRL DOCUMENT v3.19.3
Derivatives - Fair Value of Derivative Contracts (Detail) - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]    
Derivative contract, Assets $ 68,696 $ 92,528
Derivative contract, Liabilities 27,169 16,678
Derivative contract, Notional Amounts 2,020,123 1,814,834
Forward Sale Contracts [Member]    
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]    
Derivative contract, Assets [1] 42,005 85,796
Derivative contract, Liabilities 25,971 9,208
Derivative contract, Notional Amounts [2] 1,531,459 1,574,114
Rate Lock Commitments [Member]    
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]    
Derivative contract, Assets 26,691 6,732
Derivative contract, Liabilities 1,198 7,470
Derivative contract, Notional Amounts $ 488,664 $ 240,720
[1] Included in Forwards is $40.4 million and $77.6 million of the Nasdaq Forwards as of September 30, 2019 and December 31, 2018, respectively (See Note 1 “Organization and Basis of Presentation”). Unrealized gains/(losses) for the change in the fair value of the Nasdaq Forwards for the three months ended September 30, 2019 and 2018 was $(8.2) million and $9.1 million, respectively and $(37.2) million and $6.3 million for the nine months ended September 30, 2019 and 2018, respectively.
[2] Notional amounts represent the sum of gross long and short derivative contracts, an indication of the volume of Newmark’s derivative activity, and does not represent anticipated losses. Included in the notional amounts of forwards is $361.0 million for the Nasdaq Forwards as of September 30, 2019 and December 31, 2018.