Stock Transactions and Unit Redemptions (Tables)

12 Months Ended

Dec. 31, 2020

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,
	2020	2019	2018
Shares outstanding at beginning of period	156,265,461	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)	4,868,169	2,052,416	1,709,048
Issuance of Class A common stock for Newmark RSUs	972,490	1,536,530	343,135
Other	—	278,181	27,743
Treasury stock repurchases	(930,226)	(4,518,002)	(50,000)
Shares outstanding at end of period	161,175,894	156,265,461	156,916,336

(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):

	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	—	—		—
October 1, 2020 - December 31, 2020	930,226	7.33		930,226
Total	5,498,228	$	8.99	5,498,228	$	150,596

Schedule of changes in carrying amount of redeemable partnership interest

The changes in the carrying amount of FPUs as of December 31, 2020 and 2019 were as follows (in thousands):

	December 31,
	2020		2019
Balance at beginning of period:	$	21,517	$	26,170
Income allocation	1,740		5,288
Distributions of income	(1,740)		(5,355)
Redemptions	(1,472)		(927)
Issuance and other	—		(3,659)
Balance at end of period	$	20,045	$	21,517