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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,
 20212020
Shares outstanding at beginning of period161,175,894 156,265,461 
Share issuances:
LPU redemption/exchange (1)
1,851,802 181,872 
Issuance of Class A common stock for Newmark RSUs965,469 254,413 
Other— — 
Treasury stock repurchases(879,243)— 
Shares outstanding at end of period163,113,922 156,701,746 
(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 202128,962 $11.09 
Repurchases
January 2021— $— 
February 2021— $— 
March 2021879,243 $10.57 
Total908,205 $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, 2021December 31, 2020
Balance at beginning of period:$20,045 $21,517 
Income allocation525 1,740 
Distributions of income— (1,740)
Redemptions(255)(1,472)
Issuance and other(124)— 
Balance at end of period$20,191 $20,045