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Stock Transactions and Unit Redemptions
 12 Months Ended
Dec. 31, 2022
Equity [Abstract]  
Stock Transactions and Unit Redemptions Stock Transactions and Unit RedemptionsAs of December 31, 2022, Newmark has two classes of authorized common stock: Class A common stock and Class B common stock.
Class A Common Stock
Each share of Class A common stock is entitled to one vote. Newmark has 1.0 billion authorized shares of Class A common stock at $0.01 par value per share.

Changes in shares of Newmark’s Class A common stock outstanding were as follows:
 Year Ended December 31,
 202220212020
Shares outstanding at beginning of period168,272,371 161,175,894 156,265,461 
Share issuances:
LPU redemption/exchange (1)
4,930,499 6,591,462 4,868,169 
Issuance of Class A common stock for Newmark RSUs2,136,813 1,851,786 972,490 
Other(36,596)18,890,659 — 
Treasury stock repurchases(24,918,482)(20,237,430)(930,226)
Shares outstanding at end of period150,384,605 168,272,371 161,175,894 
(1)Because they were included in 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. 

Class B Common Stock
Each share of Class B common stock is entitled to 10 votes and is convertible at any time into one share of Class A common stock.

As of December 31, 2022 and December 31, 2021, there were 21.3 million shares of Newmark Class B common stock outstanding.

Share Repurchases
On February 17, 2021, our Board increased its authorized share repurchases of Newmark Class A common stock and purchases of limited partnership interests in Newmark's subsidiaries to $400.0 million. This authorization includes repurchases of shares or purchase of units from executive officers, other employees and partners, including of BGC and Cantor, as well as other affiliated persons or entities. On February 10, 2022, the Board and Audit Committee reauthorized the $400.0 million Newmark share repurchase and unit redemption authorization, which may include purchases from Cantor, its partners or employees or other affiliated persons or entities. On November 4, 2022, the Board and Audit Committee reauthorized the $400.0 million Newmark share repurchase and unit redemption authorization, which may include purchases from Cantor, its partners or employees or other affiliated persons or entities.

From time to time, Newmark may actively continue to repurchase shares and/or purchase units. During the year ended December 31, 2022, Newmark repurchased 24,918,482 shares of Class A common stock at an average price of $11.83. As of December 31, 2022, Newmark had $392.3 million remaining from its share repurchase and unit purchase authorization. During the year ended December 31, 2021, Newmark repurchased 20,237,430 shares of Class A common stock at an average price of $14.37. As of December 31, 2021, Newmark had $165.0 million remaining from its share repurchase and unit purchase authorization.

The following table details Newmark's share repurchases for cash, under the new program, and does not include unit redemptions and/or cancellations in connection with the grant of shares of Newmark's Class A common stock. The share repurchases of Newmark's Class A common stock during the year ended December 31, 2022 were as follows (in thousands except shares and per share amounts):
Total
Number of
Shares
Repurchased		Average
Price Paid
per Share		Approximate
Dollar Value
of Shares and Units That
May Yet Be
Repurchased/
Purchased
Under the 
Program
Repurchases
January 1, 2022 - March 31, 20221,682,871 $18.35 
April 1, 2022 - June 30, 202211,370,647 $12.75 
July 1, 2022 - September 30, 202210,163,677 $10.36 
October 1, 2022 - October 31, 2022— $— 
November 1, 2022 - November 30, 20221,701,287 $8.00 
December 1, 2022 - December 31, 2022— $— 
Total Repurchases24,918,482 $11.83 $392,282 

Redeemable Partnership Interests
The changes in the carrying amount of FPUs follow (in thousands):
 December 31, 2022December 31, 2021
Balance at beginning of period:$20,947 $20,045 
Income allocation2,272 4,532 
Distributions of income(5,130)(1,215)
Redemptions— (2,169)
Issuance and other(1,539)(246)
Balance at end of period$16,550 $20,947