XML 57 R46.htm IDEA: XBRL DOCUMENT
v3.21.1

Stock Transactions and Unit Redemptions (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2021
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 March 31, |  |
| 2021 |  | 2020 |  |  |  |  |  |
Shares outstanding at beginning of period | 161,175,894 |  |  | 156,265,461 |  |  |  |  |  |  |
Share issuances: |  |  |  |  |  |  |  |  |
LPU redemption/exchange (1) | 1,851,802 |  |  | 181,872 |  |  |  |  |  |  |
Issuance of Class A common stock for Newmark RSUs | 965,469 |  |  | 254,413 |  |  |  |  |  |  |
Other | — |  |  | — |  |  |  |  |  |  |
Treasury stock repurchases | (879,243) |  |  | — |  |  |  |  |  |  |
Shares outstanding at end of period | 163,113,922 |  |  | 156,701,746 |  |  |  |  |  |  |
(1)Because they were included in the 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.
Schedule of share repurchase activity | The following table details Newmark's unit redemptions and share repurchases for cash, under the new program, and does not include unit redemptions and/or cancellations in connection with the grant of shares Newmark's Class A common stock. The gross unit redemptions and share repurchases of Newmark's Class A common stock during the three months ended March 31, 2021 were as follows (in thousands except share and per share amounts):
| Total Number of Shares Repurchased/Purchased |  | Average Price Paid per Unit or Share |  | Approximate Dollar Value of Units and Shares That May Yet Be Repurchased/ Purchased Under the Program
Redemptions |  |  |  |  |
January 2021 | — |  |  | $ | — |  |  |
February 2021 | — |  |  | $ | — |  |  |
March 2021 | 28,962 |  |  | $ | 11.09 |  |  |
Repurchases |  |  |  |  |
January 2021 | — |  |  | $ | — |  |  |
February 2021 | — |  |  | $ | — |  |  |
March 2021 | 879,243 |  |  | $ | 10.57 |  |  |
Total | 908,205 |  |  | $ | 10.59 |  |  | $ | 390,386 |
Schedule of changes in carrying amount of redeemable partnership interest | The changes in the carrying amount of FPUs follow (in thousands):
| March 31, 2021 |  | December 31, 2020
Balance at beginning of period: | $ | 20,045 |  |  | $ | 21,517 |
Income allocation | 525 |  |  | 1,740 |
Distributions of income | — |  |  | (1,740) |
Redemptions | (255) |  |  | (1,472) |
Issuance and other | (124) |  |  | — |
Balance at end of period | $ | 20,191 |  |  | $ | 20,045 |

X
- Definition Schedule of share repurchase activity. + References No definition available. + Details
Name: | nmrk_ScheduleOfShareRepurchaseActivityTableTextBlock
Namespace Prefix: | nmrk_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_RedeemableNoncontrollingInterestTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the change in common stock outstanding. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCommonStockOutstandingRollForwardTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration