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Acquisitions (Tables)

3 Months Ended

Mar. 31, 2023

Business Combination and Asset Acquisition [Abstract]

Summary of Components of Purchase Consideration Transferred and Preliminary Allocation of Assets Acquired and Liabilities Assumed

For the three months ended March 31, 2023, the following table summarizes the components of the purchase consideration transferred, and the preliminary allocation of the assets acquired, and liabilities assumed, for the acquisition. Newmark expects to finalize its analysis of the assets acquired and liabilities assumed within the first year of the acquisitions, and therefore adjustments to assets and liabilities may occur (in thousands):

			As of the Acquisition Date
Purchase Price
Cash			101,152
Contingent consideration			11,863
Accrued Liability			1,756
Total			$	114,771
Allocations
Cash			$	18,616
Goodwill			77,089
Other intangible assets, net			23,777
Receivables, net			31,365
Fixed Assets, net			6,279
Other assets			434
Right-of-use assets			19,473
Right-of-use liabilities			(20,925)
Accrued compensation			(20,680)
Accounts payable, accrued expenses and other liabilities			(20,657)
Total			$	114,771

The following table summarizes the components of the purchase consideration transferred, and the of the assets acquired, and liabilities assumed, for the acquisitions which occurred in 2022:

			As of the Acquisition Date
Purchase Price
Contingent consideration			7,322
Cash and stock issued at closing			65,533
Total			$	72,855
Allocations
Cash			$	1,286
Goodwill			50,756
Other intangible assets, net			19,633
Receivables, net			3,625
Other assets			290
Right-of-use Assets			4,305
Right-of-use Liabilities			(4,305)
Accrued Compensation			(2,175)
Accounts payable, accrued expenses and other liabilities			(560)
Total			$	72,855

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- References

No definition available.

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- Definition

Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=128092470&loc=d3e4845-128472

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