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Stock Transactions and Unit Purchases (Tables)
 9 Months Ended
Sep. 30, 2024
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,
 2024202320242023
Shares outstanding at beginning of period150,384,929 152,234,598 152,639,359 150,384,605 
Share issuances:
LPU redemption/exchange
2,969,977 1,633,627 8,137,918 4,719,878 
Issuance of Class A common stock for Newmark RSUs
414,611 380,755 1,856,950 1,652,903 
Other(26,879)— 74,513 (154,189)
Treasury stock repurchases(6,779,828)(2,787,291)(15,745,930)(5,141,508)
Shares outstanding at end of period146,962,810 151,461,689 146,962,810 151,461,689 
Schedule of Share Repurchase Activity The gross unit purchases and share repurchases of Newmark’s Class A common stock during the nine months ended September 30, 2024 were as follows (in thousands, except shares and units and per unit or share amounts):
Total
Number of
Shares/Units
Repurchased/Purchased
Average
Price Paid
per Share/Unit
Approximate
Dollar Value
of Units and
Shares That
May Yet Be
Repurchased/
Purchased
Under the 
Program
Unit Purchases
January 1, 2024 - March 31, 2024
— $— 
April 1, 2024 - June 30, 2024
— $— 
July 2024— $— 
August 2024— $— 
September 2024795,376 $14.19 
Total Unit Purchases
795,376 $14.19 
Share Repurchases
January 1, 2024 - March 31, 20243,463,399 $10.73 
April 1, 2024 - June 30, 2024
5,502,703 $10.09 
July 2024
— $— 
August 2024
4,512,930 $12.58 
September 2024
2,266,898 $14.46 
Total Share Repurchases
15,745,930 $11.56 $161,300 
Schedule of Changes in Carrying Amount of Redeemable Partnership Interest
The changes in the carrying amount of FPUs follow (in thousands):
 September 30, 2024December 31, 2023
Balance at beginning of period:$16,244 $16,550 
Income allocation422 1,451 
Distributions of income(1,158)(380)
Issuance and other(2,143)(1,377)
Balance at end of period$13,365 $16,244