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Earnings Per Share and Weighted-Average Shares Outstanding (Tables)

3 Months Ended

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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Tabular disclosure of the effect of income (loss) on basic earnings per share.

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