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Stock Transactions and Unit Redemptions (Tables) | 6 Months Ended
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Jun. 30, 2019
Equity [Abstract] |
Schedule of Changes in Common Stock Outstanding | Changes in shares of Newmark’s Class A common stock outstanding for the three and six months ended June 30, 2019 and 2018, were as follows:
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |  |
|  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |  |
Shares outstanding at beginning of period |  |  | 157,422,916 |  |  |  | 138,921,533 |  |  |  | 156,916,336 |  |  |  | 138,593,787 |
LPU redemption/exchange (1) |  |  | 747,846 |  |  |  | — |  |  |  | 1,122,776 |  |  |  | — |
Other issuances of Class A common stock |  |  | 70,391 |  |  |  | — |  |  |  | 78,842 |  |  |  | 327,746 |
Issuance of Class A common stock for Newmark RSUs |  |  | 51,406 |  |  |  | — |  |  |  | 174,605 |  |  |  | — |
Newmark treasury stock |  |  | (1,613,032 | ) |  |  | — |  |  |  | (1,613,032 | ) |  |  | — |
Shares outstanding at end of period |  |  | 156,679,527 |  |  |  | 138,921,533 |  |  |  | 156,679,527 |  |  |  | 138,921,533 |
| (1) | Because they were included in the Newmark’s fully diluted share count, if dilutive, any exchange of limited partnership interests into Class A common shares would not impact the fully diluted number of shares and units outstanding.
Schedule of Share Repurchase Activity |
Period |  | Total Number of Shares Repurchased |  |  | Average Price Paid per Unit or Share |  |  | Total Number of Shares Purchased as Part of Publicly Announced Program |  |  | Approximate Dollar Value of Units and Shares That May Yet Be Redeemed/ Purchased Under the Plan |
Balance at beginning of period |  |  | 50,000 |  |  | $ | 9.73 |  |  |  | 50,000 |  |  | $ | 199,514 |
January 1, 2019 - March 31, 2019 |  | — |  |  | — |  |  | — |  |  | — |
April 1, 2019 - June 30, 2019 |  |  | 1,613,032 |  |  |  | 8.61 |  |  |  | 1,613,032 |  |  |  | 186,104 |
Total Repurchases |  |  | 1,663,032 |  |  | $ | 8.65 |  |  |  | 1,663,032 |  |  | $ | 185,618 |
Schedule of Changes in Carrying Amount of Redeemable Partnership Interest | The changes in the carrying amount of redeemable partnership interest as of June 30, 2019, and as of December 31, 2018, were as follows (in thousands):
|  | June 30, 2019 |  |  | December 31, 2018 |
Balance at beginning of period |  | $ | 26,170 |  |  | $ | 21,096 |
Income allocation |  |  | 1,663 |  |  |  | 6,779 |
Distributions of income |  |  | (720 | ) |  |  | (2,843 | )
FPU redemptions |  |  | (418 | ) |  |  | (1,101 | )
Issuance |  |  | — |  |  |  | 2,239 |
Other |  |  | 20 |  |  |  | — |
Balance at end of period |  | $ | 26,715 |  |  | $ | 26,170 |

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- Definition Tabular disclosure of redeemable noncontrolling interest (as defined) included in the statement of financial position as either a liability or temporary equity. As of the date of the statement of financial position, such redeemable noncontrolling interest is currently redeemable, as defined, for cash or other assets of the entity at (1) at a fixed or determinable price on a fixed or determinable date, (2) at the option of the holder of the noncontrolling interest, or (3) upon occurrence of an event that is not solely within the control of the entity. + References No definition available. + Details
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