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Compensation (Tables)
 6 Months Ended
Jun. 30, 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 June 30,Six Months Ended June 30,
 2022202120222021
Issuance of common stock and exchangeability expenses$26,875 $242,324 $35,858 $243,542 
Allocations of net income to limited partnership units and FPUs (1)
7,787 14,293 7,933 24,926 
Limited partnership units amortization1,760 6,466 5,034 5,866 
RSU amortization5,566 4,449 10,061 7,446 
Equity-based compensation and allocations of net income to limited partnership units and FPUs$41,988 $267,532 $58,886 $281,780 
(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 June 30,Six Months Ended June 30,
 2022202120222021
Issuance of common stock and exchangeability expenses$28,898 $241,585 $37,881 $248,196 
Newmark recognized compensation expense related to these limited partnership units that were not redeemed as follows (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
 2022202120222021
Limited partnership units amortization$1,760 $6,466 $5,034 $5,866 
Compensation expense related to these limited partnership units held by Newmark employees was as follows (in thousands:):
Three Months Ended June 30,Six Months Ended June 30,
 2022202120222021
Issuance of common stock and exchangeability expenses$(2,023)$181,994 $(2,023)$176,601 
Compensation expense related to Newmark and BGC RSUs are as follows (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
 2022202120222021
RSU amortization$5,566 $4,449 $10,061 $7,446 
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 
Issued7,694,924 — 
Redeemed/exchanged units(447,801)(1,217,709)
Forfeited units/other(230,411)(60,511)
June 30, 202225,436,325 7,385,710 
Total exchangeable units outstanding(2):
December 31, 20212,468,443 3,456,479 
June 30, 20222,944,731 2,841,025 
(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 June 30, 2022, there were 3.9 million partnership units in Newmark Holdings outstanding, of which 1.3 million units were exchangeable, and 5.8 million partnership units in BGC Holdings outstanding, of which 2.5 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 units24,279,159 7,309,036 
Preferred Units1,157,166 76,674 
Balance, June 30, 202225,436,325 7,385,710 
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 June 30,Six Months Ended June 30,
 2022202120222021
BGC Units56,562 11,589,383 91,119 11,635,988
Newmark Units2,336,261 31,447,414 2,868,859 32,087,353
Total2,392,823 43,036,797 2,959,978 43,723,341 
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):
June 30, 2022December 31, 2021
Notional Value(1)
$148,411 $116,717 
Estimated fair value of the post-termination payout(2)
$40,930 $38,516 
Outstanding limited partnership units in BGC Holdings110,005 105,302 
Outstanding limited partnership units in BGC Holdings - unvested— — 
Outstanding limited partnership units in Newmark Holdings13,851,231 11,691,406 
Outstanding limited partnership units in Newmark Holdings - unvested6,433,700 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):
June 30, 2022December 31, 2021
Notional Value$7,222 $12,836 
Estimated fair value of limited partnership units (1)
$7,013 $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
Granted1,994,028 15.44 30,788 6,502 4.29 28 
Settled units (delivered shares)(1,607,457)8.07 (12,970)(2,638)3.69 (10)
Forfeited units(162,886)8.93 (1,455)— — — 
Balance, June 30, 202210,945,142 $9.63 $105,388 4.769,239 $4.22 $39 2.27
(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.