Stock Transactions and Unit Redemptions (Tables)

9 Months Ended

Sep. 30, 2020

Equity [Abstract]

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,
	2020	2019	2020	2019
Shares outstanding at beginning of period	157,811,436	156,679,527	156,265,461	156,916,336
Share issuances:
LPU redemption/exchange (1)	607,971	543,990	1,617,690	1,666,766
Issuance of Class A common stock for Newmark RSUs	210,718	42,618	746,974	217,223
Other	—	2,364	—	81,206
Treasury stock repurchases	—	(2,279,373)	—	(3,892,405)
Shares outstanding at end of period	158,630,125	154,989,126	158,630,125	154,989,126

(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	—	—		—	—
July 1, 2020 - September 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 September 30, 2020 and December 31, 2019 were as follows (in thousands):

	September 30, 2020		December 31, 2019
Balance at beginning of period:	$	21,517	$	26,170
Income allocation	1,740		5,288
Distributions of income	(5)		(5,355)
Redemptions	(644)		(927)
Issuance and other	—		(3,659)
Balance at end of period	$	22,608	$	21,517