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Compensation (Tables)
 3 Months Ended
Mar. 31, 2022
Share-based Payment Arrangement [Abstract]  
Schedule of Compensation Cost for Share-Based Payment Arrangements
Newmark incurred compensation expense related to Class A common stock, limited partnership units and RSUs held by Newmark employees as follows (in thousands):
Three Months Ended March 31,
 20222021
Issuance of common stock and exchangeability expenses$8,983 $1,218 
Allocations of net income to limited partnership units and FPUs (1)
147 10,633 
Limited partnership units amortization3,274 (600)
RSU amortization4,495 2,997 
Equity-based compensation and allocations of net income to limited partnership units and FPUs$16,899 $14,248 
(1)Certain limited partnership units receive quarterly allocations of net income and are generally contingent upon services being provided by the unit holders, including the Preferred Distribution.
Compensation expense related to the issuance of Newmark or BGC Class A common stock and grants of exchangeability on Newmark Holdings and BGC Holdings limited partnership units to Newmark employees is as follows (in thousands):
Three Months Ended March 31,
 20222021
Issuance of common stock and exchangeability expenses$8,983 $6,611 
Newmark recognized compensation expense related to these limited partnership units that were not redeemed as follows (in thousands):
Three Months Ended March 31,
 20222021
Limited partnership units amortization$3,274 $(600)
Compensation expense related to these limited partnership units held by Newmark employees was as follows (in thousands:):
Three Months Ended March 31,
 20222021
Issuance of common stock and exchangeability expenses$— $(5,394)
Compensation expense related to Newmark and BGC RSUs are as follows (in thousands):
Three Months Ended March 31,
 20222021
RSU amortization$4,495 $2,997 
Schedule of Activity Associated with Limited Partnership Units
A summary of the activity associated with limited partnership units held by Newmark employees is as follows:
 Newmark UnitsBGC Units
Balance, January 1, 202166,626,185 
(1)
54,422,002 
Issued10,143,799 159,057 
Redeemed/exchanged units(58,099,726)(45,024,619)
Forfeited units/other(250,645)(892,510)
Balance, December 31, 202118,419,613 8,663,930 
Issued4,105,538 — 
Redeemed/exchanged units(304,996)(612,877)
Forfeited units/other(1,986)— 
March 31, 202222,218,169 8,051,053 
Total exchangeable units outstanding(2):
December 31, 20212,468,443 3,456,479 
March 31, 20222,704,582 3,167,467 
(1)Includes the pre-IPO Newmark employees share-equivalent limited partnership units in BGC Holdings.
(2)The Limited Partnership table above also includes partnership units issued for consideration for acquisitions. As of March 31, 2022, there were 4.0 million partnership units in Newmark Holdings outstanding, of which 1.3 million units were exchangeable, and 6.2 million partnership units in BGC Holdings outstanding, of which 2.8 million were exchangeable. As of December 31, 2021, there were 4.2 million partnership units in Newmark Holdings outstanding, of which 1.3 million units were exchangeable, and 6.8 million partnership units in BGC Holdings outstanding, of which 3.1 million were exchangeable.
A summary of the BGC Holdings and Newmark Holdings limited partnership units held by Newmark employees is as follows:
 Newmark
Units		BGC
Units
Regular units21,297,951 7,972,184 
Preferred Units920,218 78,869 
Balance, March 31, 202222,218,169 8,051,053 
Schedule of Units Redeemed
A summary of units held by Newmark employees redeemed in connection with the issuance of Newmark or BGC Class A common stock (at the current exchange ratio) or granted exchangeability for Newmark or BGC Class A common stock is as follows:
Three Months Ended March 31,
 20222021
BGC Units34,557 46,605
Newmark Units532,598 639,939
Total567,155 686,544 
Schedule of Limited Partnership Units with a Post-Termination Payout Limited partnership units with a post-termination payout held by Newmark employees are as follows (dollars in thousands):
March 31, 2022December 31, 2021
Notional Value(1)
$132,502 $116,717 
Estimated fair value of the post-termination payout(2)
$41,606 $38,516 
Outstanding limited partnership units in BGC Holdings110,382 105,302 
Outstanding limited partnership units in BGC Holdings - unvested— — 
Outstanding limited partnership units in Newmark Holdings12,627,232 11,691,406 
Outstanding limited partnership units in Newmark Holdings - unvested6,197,832 5,980,996 
(1)Beginning January 1, 2018, Newmark began granting stand-alone limited partnership units in Newmark Holdings to Newmark employees.
(2)Included in “Other long-term liabilities” on the accompanying unaudited condensed consolidated balance sheets. Liability balance also includes $6.8 million of post-termination units issued as consideration for acquisition.
Schedule of Grant of Conversion Rights The grant of conversion rights to Newmark employees are as follows (in thousands):
March 31, 2022December 31, 2021
Notional Value$12,836 $12,836 
Estimated fair value of limited partnership units (1)
$12,558 $12,558 
(1)Included in “Other long-term liabilities” on the accompanying unaudited condensed consolidated balance sheets.
Schedule of Activity Associated with Restricted Stock Units A summary of the activity associated with Newmark and BGC RSUs held by Newmark employees is as follows (fair value amount in thousands):
Newmark RSUs(1)
BGC RSUs(2)
 Restricted
Stock
Units		Weighted-
Average
Grant Date
Fair Value
Per Share		Fair
Value
Amount		Weighted-
Average
Remaining
Contractual
Term (Years)		Restricted
Stock
Units		Weighted-
Average
Grant Date
Fair Value
Per Share		Fair
Value
Amount		Weighted-
Average
Remaining
Contractual
Term (Years)
Balance, January 1, 202110,646,797 $7.75 $82,494 5.698,013 $3.80 $31 2.17
Granted2,913,572 9.71 28,290 — — — 
Settled units (delivered shares)(2,196,903)7.64 (16,792)(2,638)3.69 (10)
Forfeited units(642,009)7.74 (4,967)— — — 
Balance, December 31, 202110,721,457 $8.30 $89,025 4.965,375 $3.85 $21 1.16
Granted421,813 16.38 6,908 — — — 
Settled units (delivered shares)(1,276,593)8.34 (10,647)(2,638)3.69 (10)
Forfeited units(94,057)8.43 (793)— — — 
Balance, March 31, 20229,772,620 8.65$84,493 5.092,737 3.39$11 0.96
(1)Beginning January 1, 2018, Newmark began granting stand-alone Newmark RSUs to Newmark employees with the awards vesting ratably over a two- to eight-year vesting period into shares of Newmark Class A common stock.
(2)    RSUs granted to these individuals generally vest over a two to four year period.