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Stock Transactions and Unit Redemptions (Tables)
 6 Months Ended
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,
 2021202020212020
Shares outstanding at beginning of period163,113,922 156,701,746 161,175,894 156,265,461 
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 RSUs278,139 281,843 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 period179,736,458 157,811,436 179,736,458 157,811,436 
(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, 2021167,894 $11.91 
Total Redemptions167,894 $11.91 
Repurchases
January 1, 2021 - March 31, 2021879,243 $10.58 
April 1, 2021 - June 30, 20213,613,098 $12.81 
Total Repurchases4,492,341 $12.36 
Total Redemptions and Repurchases4,660,235 $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, 2021December 31, 2020
Balance at beginning of period:$20,045 $21,517 
Income allocation1,294 1,740 
Distributions of income— (1,740)
Redemptions(807)(1,472)
Issuance and other(125)— 
Balance at end of period$20,407 $20,045