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Derivatives (Tables)

3 Months Ended

Mar. 31, 2021

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of fair value of derivative contracts

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

						March 31, 2021																		December 31, 2020
Derivative contract						Assets						Liabilities						Notional Amounts(1)						Assets						Liabilities						Notional Amounts(1)
Rate lock commitments						$	9,048					$	5,471					$	242,615					$	21,034					$	2,977					$	296,972
Nasdaq Forwards						7,220						—						174,000						12,822						—						174,000
Forward sale contracts						9,239						6,482						1,059,774						7,632						14,971						1,359,482
Total						$	25,507					$	11,953					$	1,476,389					$	41,488					$	17,948					$	1,830,454

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

Summary of gain (loss) on change in fair value of derivatives included in condensed consolidated statements of operations

Gains and losses on derivative contracts, which are included on the accompanying unaudited condensed consolidated statements of operations were as follows (in thousands):

						Location of gain (loss) recognized in income for derivatives						Three Months Ended March 31,
												2021						2020
Derivatives not designed as hedging instruments:
Nasdaq Forwards						Other income (loss), net						$	(5,602)					$	21,173
Rate lock commitments						Gains (loss) from mortgage banking activities/originations, net						4,694						60,163
Rate lock commitments						Compensation and employee benefits						(1,117)						(1,411)
Forward sale contracts						Gains (loss) from mortgage banking activities/originations, net						2,757						(77,680)
Total												$	732					$	2,245

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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/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4E
-URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624181-113959

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
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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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4B
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