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Stock Transactions and Unit Redemptions (Tables) | 6 Months Ended
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Jun. 30, 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 June 30, |  | Six Months Ended June 30, |
|  | 2021 |  | 2020 |  | 2021 |  | 2020 |  |  |  |  |  |
Shares outstanding at beginning of period |  | 163,113,922 |  |  | 156,701,746 |  |  | 161,175,894 |  |  | 156,265,461 |  |  |  |  |  |  |
Share issuances: |  |  |  |  |  |  |  |  |  |  |  |  |  |
LPU redemption/exchange (1) |  | 1,140,363 |  |  | 827,847 |  |  | 2,992,165 |  |  | 1,009,719 |  |  |  |  |  |  |
Issuance of Class A common stock for Newmark RSUs |  | 278,139 |  |  | 281,843 |  |  | 1,243,608 |  |  | 536,256 |  |  |  |  |  |  |
Other(2) |  | 18,817,132 |  |  | — |  |  | 18,817,132 |  |  | — |  |  |  |  |  |  |
Treasury stock repurchases |  | (3,613,098) |  |  | — |  |  | (4,492,341) |  |  |  |  |  |  |  |  |
Shares outstanding at end of period |  | 179,736,458 |  |  | 157,811,436 |  |  | 179,736,458 |  |  | 157,811,436 |  |  |  |  |  |  |
(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. (2)For information, refer to the section titled "2021 Equity Event and Share Count Reduction" in Note 1 "Organization and Basis of Presentation"
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 six months ended June 30, 2021 were as follows (in thousands except units, shares 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 1, 2021 - March 31, 2021 | — |  |  | $ | — |  |  |
April 1, 2021 - June 30, 2021 | 167,894 |  |  | $ | 11.91 |  |  |
Total Redemptions | 167,894 |  |  | $ | 11.91 |  |  |
Repurchases |  |  |  |  |
January 1, 2021 - March 31, 2021 | 879,243 |  |  | $ | 10.58 |  |  |
April 1, 2021 - June 30, 2021 | 3,613,098 |  |  | $ | 12.81 |  |  |
Total Repurchases | 4,492,341 |  |  | $ | 12.36 |  |  |
Total Redemptions and Repurchases | 4,660,235 |  |  | $ | 12.34 |  |  | $ | 342,365 |
Schedule of changes in carrying amount of redeemable partnership interest | The changes in the carrying amount of FPUs follow (in thousands):
| June 30, 2021 |  | December 31, 2020
Balance at beginning of period: | $ | 20,045 |  |  | $ | 21,517 |
Income allocation | 1,294 |  |  | 1,740 |
Distributions of income | — |  |  | (1,740) |
Redemptions | (807) |  |  | (1,472) |
Issuance and other | (125) |  |  | — |
Balance at end of period | $ | 20,407 |  |  | $ | 20,045 |

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