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Earnings Per Share and Weighted-Average Shares Outstanding (Tables) | 3 Months Ended
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Mar. 31, 2023
Earnings Per Share [Abstract] |
Schedule of Basic Earnings Per Share | The following is the calculation of Newmark’s basic EPS (in thousands, except per share data):
|  | Three Months Ended March 31, |  |
|  | 2023 |  | 2022 |  |  |  |  |  |
Basic earnings per share: |  |  |  |  |  |  |  |  |  |
Net income available to common stockholders |  | $ | (10,350) |  |  | $ | 362 |  |  |  |  |  |  |
Basic weighted-average shares of common stock outstanding |  | 172,561 |  |  | 188,881 |  |  |  |  |  |  |
Basic earnings per share |  | $ | (0.06) |  |  | $ | — |  |  |  |  |  |  |
Schedule of Fully Diluted Earnings Per Share | The following is the calculation of Newmark’s fully diluted EPS (in thousands, except per share data):
|  | Three Months Ended March 31, |  |
|  | 2023 |  | 2022 |  |  |  |  |
Fully diluted earnings per share: |  |  |  |  |  |  |  |  |
Net income available to common stockholders |  | $ | (10,350) |  |  | $ | 362 |  |  |  |  |  |
Allocations of net income to limited partnership interests in Newmark Holdings, net of tax |  | — |  |  | 76 |  |  |  |  |  |
Net income for fully diluted shares |  | $ | (10,350) |  |  | $ | 438 |  |  |  |  |  |
Weighted-average shares: |  |  |  |  |  |  |  |  |
Common stock outstanding |  | 172,561 |  |  | 188,881 |  |  |  |  |  |
Partnership units (1) |  | — |  |  | 56,220 |  |  |  |  |  |
RSUs (Treasury stock method) |  | — |  |  | 5,757 |  |  |  |  |  |
Newmark exchange shares |  | — |  |  | 1,957 |  |  |  |  |  |
Fully diluted weighted-average shares of common stock outstanding |  | 172,561 |  |  | 252,815 |  |  |  |  |  |
Fully diluted earnings per share |  | $ | (0.06) |  |  | $ | — |  |  |  |  |  |
(1)Partnership units collectively include FPUs, limited partnership units, and Cantor Units (see Note 2 — “Limited Partnership Interests in Newmark Holdings and BGC Holdings” for more information).

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