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Compensation (Tables)
 12 Months Ended
Dec. 31, 2021
Share-based Payment Arrangement [Abstract]  
Compensation Expense
The Company incurred compensation expense related to Class A common stock, LPUs and RSUs held by BGC employees as follows (in thousands):
Year Ended December 31,
202120202019
Issuance of common stock and grants of exchangeability$128,107 $84,966 $100,948 
Allocations of net income1
34,335 14,006 20,491 
LPU amortization78,596 74,282 41,721 
RSU amortization15,126 10,291 7,465 
Equity-based compensation and allocations of net income to limited partnership units and FPUs
$256,164 $183,545 $170,625 
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1Certain LPUs generally receive quarterly allocations of net income, including the Preferred Distribution, and are generally contingent upon services being provided by the unit holders.
Compensation expense related to the issuance of BGC or Newmark Class A common stock and grants of exchangeability on BGC Holdings and Newmark Holdings LPUs held by BGC employees is as follows (in thousands):
Year Ended December 31,
202120202019
Issuance of common stock and grants of exchangeability$128,107 $84,966 $100,948 
Compensation expense related to the amortization of LPUs held by BGC employees is as follows (in thousands):
Year Ended December 31,
202120202019
Stated vesting schedule$78,535 $73,034 $42,060 
Post-termination payout61 1,248 (339)
LPU amortization$78,596 $74,282 $41,721 
Compensation expense related to RSUs held by BGC employees is as follows (in thousands):
Year Ended December 31,
202120202019
RSU amortization$15,126 $10,291 $7,465 
Activity Associated with Limited Partnership Units Held by BGC Employees
Limited Partnership Units
A summary of the activity associated with LPUs held by BGC employees is as follows (in thousands):
BGC
LPUs		Newmark
LPUs
Balance at December 31, 201879,729 22,113 
Granted47,916 662 
Redeemed/exchanged units(21,110)(1,024)
Forfeited units(4,128)(7,144)
Balance at December 31, 2019102,407 14,607 
Granted50,269 — 
Redeemed/exchanged units(14,642)(1,300)
Forfeited units(382)(105)
Balance at December 31, 2020137,652 13,202 
Granted34,093 — 
Redeemed/exchanged units(58,832)(1,881)
Forfeited units(798)(270)
Balance at December 31, 2021112,115 11,051 
Summary of the BGC Holdings and Newmark Holdings LPUs held by BGC Employees
A summary of the BGC Holdings and Newmark Holdings LPUs held by BGC employees is as follows (in thousands):
BGC
LPUs		Newmark
LPUs
Regular Units77,610 8,316 
Preferred Units34,505 2,735 
Balance at December 31, 2021112,115 11,051 
Activity Associated with Limited Partnership Units Awarded to BGC Employees
A summary of the LPUs redeemed in connection with the issuance of BGC Class A common stock or Newmark Class A common stock (at the then-current Exchange Ratio) or granted exchangeability for BGC Class A common stock or Newmark Class A common stock (at the then-current Exchange Ratio) held by BGC employees is as follows (in thousands):
Year Ended December 31,
202120202019
BGC Holdings LPUs23,001 16,618 17,209 
Newmark Holdings LPUs1,078 1,164 500 
Total24,079 17,782 17,709 
Summary of Outstanding LPUs Held by BGC Employees with Stated Vesting
A summary of the outstanding LPUs held by BGC employees with a stated vesting schedule that do not receive quarterly allocations of net income is as follows (in thousands):
December 31, 2021December 31, 2020
BGC Holdings LPUs42,754 44,529 
Newmark Holdings LPUs235 353 
Aggregate estimated grant date fair value of BGC and Newmark Holdings LPUs$178,873 $201,239 
Activity Associated with Restricted Stock Units
A summary of the activity associated with RSUs held by BGC employees and directors is as follows (RSUs and dollars in thousands):
RSUsWeighted- Average Grant Date Fair ValueFair Value AmountWeighted- Average Remaining Contractual Term (Years)
Balance at December 31, 2018929 $10.83 $10,058 1.75
Granted4,283 4.61 19,764 
Delivered(464)10.11 (4,692)
Forfeited(270)5.99 (1,614)
Balance at December 31, 20194,478 $5.25 $23,516 2.50
Granted6,618 3.25 21,506 
Delivered(1,579)5.79 (9,148)
Forfeited(557)4.11 (2,292)
Balance at December 31, 20208,960 $3.75 $33,582 2.46
Granted6,319 4.23 26,716 
Delivered(3,135)4.08 (12,792)
Forfeited(1,110)4.28 (4,750)
Balance at December 31, 202111,034 $3.87 $42,756 2.27