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Stock Transactions and Unit Redemptions (Tables)

3 Months Ended

Mar. 31, 2023

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 March 31,
						2023						2022
Shares outstanding at beginning of period						150,384,605						168,272,371
Share issuances:
LPU redemption/exchange (1)						1,927,905						934,868
Issuance of Class A common stock for Newmark RSUs						985,540						1,019,474
Other						(155,240)						13,521
Treasury stock repurchases						—						(1,682,871)
Shares outstanding at end of period						153,142,810						168,557,363

(1)Because they were included in 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.

Schedule of Changes in Carrying Amount of Redeemable Partnership Interest

The changes in the carrying amount of FPUs follow (in thousands):

			March 31, 2023						December 31, 2022
Balance at beginning of period:			$	16,550					$	20,947
Income allocation			—						2,272
Distributions of income			—						(5,130)
Issuance and other			(618)						(1,539)
Balance at end of period			$	15,932					$	16,550

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Tabular disclosure of redeemable noncontrolling interest (as defined) included in the statement of financial position as either a liability or temporary equity. As of the date of the statement of financial position, such redeemable noncontrolling interest is currently redeemable, as defined, for cash or other assets of the entity at (1) at a fixed or determinable price on a fixed or determinable date, (2) at the option of the holder of the noncontrolling interest, or (3) upon occurrence of an event that is not solely within the control of the entity.

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Tabular disclosure of the change in common stock outstanding.

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