Stock Transactions and Unit Redemptions (Tables)

6 Months Ended

Jun. 30, 2020

Schedule of Changes in Common Stock Outstanding

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



	Three Months Ended June 30,			Six Months Ended June 30,
	2020	2019		2020	2019
Shares outstanding at beginning of period	156,701,746	157,422,916		156,265,461	156,916,336
Share issuances:
LPU redemption/exchange ⁽¹⁾	827,847	747,846		1,009,719	1,122,776
Issuance of Class A common stock for Newmark RSUs	281,843	51,406		536,256	174,605
Other	—	70,391		—	78,842
Treasury stock repurchases	—	(1,613,032	)	—	(1,613,032	)
Shares outstanding at end of period	157,811,436	156,679,527		157,811,436	156,679,527

⁽¹⁾

Because they were included in the Newmark’s fully diluted share count, if dilutive, any exchange of LPUs 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 2020, 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 Program
Balance, January 1, 2020	4,568,002	$	9.32	4,568,002	$	157,413
January 1, 2020 - March 31, 2020	—	—		—	—
April 1, 2020 - June 30, 2020	—	—		—	—
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 June 30, 2020 and December 31, 2019 were as follows (in thousands):



	June 30, 2020			December 31, 2019
Balance at beginning of period:	$	21,517		$	26,170
Income allocation	6			5,288
Distributions of income	—			(5,355		)
Redemptions	(280		)	(927		)
Issuance and other	—			(3,659		)
Balance at end of period	$	21,243		$	21,517