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Derivatives (Tables)

3 Months Ended

Mar. 31, 2018

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Fair Value of Derivative Contracts

The fair value of derivative contracts, computed in accordance with the Newmark’s netting policy, is set forth below (in thousands):

		March 31, 2018												December 31, 2017
										Notional												Notional
Derivative contract		Assets				Liabilities				Amounts (1)				Assets				Liabilities				Amounts(1)
Forwards		$	9,687			$	2,421			$	1,324,711			$	3,753			$	657			$	541,359
Rate lock commitments			8,750				8,980				374,197				2,923				2,390				180,918
Total		$	18,437			$	11,401							$	6,676			$	3,047

(1) Notional amounts represent the sum of gross long and short derivative contracts, an indication of the volume of Newmark’s derivative activity, and does not represent anticipated losses.

Summary of Gain (Loss) on Change in Fair Value of Derivatives Included in Condensed Consolidated Statements of Operations

The fair value of Newmark’s derivatives for rate lock commitments and forward sale contracts are as follows (in thousands) and are included in “Gain from mortgage banking activities/originations, net” and “Compensation and employee benefits” in the unaudited condensed consolidated statements of operations:

		Location of gain (loss) recognized		Three Months Ended March 31,
		in income for derivatives		2018				2017
Derivatives not designed as hedging    instruments:
Rate lock commitments		Gains from mortgage banking activities/originations, net		$	2,269			$	132
Rate lock commitments		Compensation and employee benefits			(2,500	)			(807	)
Forward sale contracts		Gains from mortgage banking activities/originations, net			7,266				3,317
				$	7,035			$	2,642

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- References

No definition available.

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- Definition

Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5624171-113959

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4A
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5618551-113959

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- Definition

Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4B
-URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5624163-113959

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