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Stock Transactions and Unit Redemptions (Tables)
 12 Months Ended
Dec. 31, 2019
Equity [Abstract]  
Schedule of Changes in Common Stock Outstanding
Changes in shares of Newmark’s Class A common stock outstanding were as follows:
 
Year Ended December 31,
 
2019
 
2018
Shares outstanding at beginning of period
156,916,336

 
138,593,787

Share issuances:
 
 
 
Issuance of Class A common stock in connection with The Spin-Off
—

 
16,292,623

LPU redemption/exchange (1)
2,052,416

 
1,709,048

Other issuances of Class A common stock
1,536,530

 
343,135

Issuance of Class A common stock for Newmark RSUs
278,181

 
27,743

Treasury stock repurchases
(4,518,002
)
 
(50,000
)
Shares outstanding at end of period
156,265,461

 
156,916,336

(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 stock would not impact the fully diluted number of shares and units outstanding. 
Schedule of Share Repurchase Activity
The following table details Newmark's share repurchase activity during 2019, including the total number of shares purchased, the average price paid per share, the number of shares repurchased as part of Newmark's publicly announced repurchase program and the approximate value that may yet be purchased under such program (in thousands except share and per share amounts):
Period
Total
Number of
Shares
Repurchased/Purchased
 
Average
Price Paid
per Unit
or Share
 
Total Number of Shares Repurchased as Part of Publicly Announced Program
 
Approximate
Dollar Value
of Units and
Shares That
May Yet Be
Repurchased/
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

 

July 1, 2019 - September 30, 2019
2,279,373

 
8.81

 
2,279,373

 

October 1, 2019 - December 31, 2019
625,597

 
12.97

 
625,597

 


Total
4,568,002

 
$
9.32

 
4,568,002

 
$
157,413
Schedule of Changes in Carrying Amount of Redeemable Partnership Interest
The changes in the carrying amount of FPUs as of December 31, 2019 and 2018, were as follows (in thousands):
 
Year Ended December 31,
 
2019
 
2018
Balance at beginning of period:
$
26,170

 
$
21,096

Income allocation
5,288

 
6,779

Distributions of income
(5,355
)
 
(2,843
)
Redemptions
(927
)
 
(1,101
)
Issuance and other
(3,659
)
 
2,239

Balance at end of period
$
21,517

 
$
26,170