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Stock Transactions and Unit Redemptions (Tables)
 3 Months Ended
Mar. 31, 2022
Equity [Abstract]  
Changes in Shares of Class A Common Stock Outstanding
Changes in shares of BGC Class A common stock outstanding were as follows (in thousands):
Three Months Ended March 31,
20222021
Shares outstanding at beginning of period317,023 323,018 
Share issuances:
Redemptions/exchanges of limited partnership interests¹6,643 10,431 
Vesting of RSUs1,982 1,367 
Acquisitions912 251 
Other issuances of BGC Class A common stock3 262 
Treasury stock repurchases— (965)
Shares outstanding at end of period326,563 334,364 
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1Included in redemptions/exchanges of limited partnership interests for the three months ended March 31, 2022 and 2021 are 3.3 million shares of BGC Class A common stock granted in connection with the cancellation of 3.3 million LPUs, and 1.6 million shares of BGC Class A common stock granted in connection with the cancellation of 1.7 million LPUs, respectively. Because LPUs are included in the Company’s fully diluted share count, if dilutive, redemptions/exchanges in connection with the issuance of BGC Class A common stock would not impact the fully diluted number of shares outstanding.
Gross Unit Redemptions and Share Repurchases of Class A Common Stock
The table below represents the units redeemed and/or shares repurchased for cash and does not include units redeemed/cancelled in connection with the grant of shares of BGC Class A common stock nor the limited partnership interests exchanged for shares of BGC Class A common stock. The gross unit redemptions and share repurchases of BGC Class A common stock during the three months ended March 31, 2022 were as follows (in thousands, except for weighted-average price data):
PeriodTotal Number
of Units
Redeemed
or Shares
Repurchased		Weighted-Average Price
Paid per Unit
or Share		Approximate
Dollar Value
of Units and
Shares That May
Yet Be Redeemed/
Purchased
Under the Program
Redemptions1
January 1, 2022—March 31, 202243 $4.01 
Repurchases2
January 1, 2022—March 31, 2022— $— 
Total Redemptions and Repurchases43 $4.01 $191,635 
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1During the three months ended March 31, 2022, the Company redeemed 14 thousand LPUs at an aggregate redemption price of $59 thousand for a weighted-average price of $4.30 per unit. During the three months ended March 31, 2022, the Company redeemed 29 thousand FPUs at an aggregate redemption price of $114 thousand for a weighted-average price of $3.88 per unit. During the three months ended March 31, 2021, the Company redeemed 14 thousand LPUs at an aggregate redemption price of $61 thousand for a weighted-average price of $4.36 per unit. During the three months ended March 31, 2021, the Company redeemed 6 thousand FPUs at an aggregate redemption price of $28 thousand for an average price of $4.48 per unit. The table above does not include units redeemed/cancelled in connection with the grant of 3.3 million and 1.6 million shares of BGC Class A common stock during the three months ended March 31, 2022 and 2021, respectively, nor the limited partnership interests exchanged for 3.8 million and 9.1 million shares of BGC Class A common stock during the three months ended March 31, 2022 and 2021, respectively.
2The Company did not repurchase any shares of BGC Class A common stock during the three months ended March 31, 2022. During the three months ended March 31, 2021, the Company repurchased 1.0 million shares of BGC Class A common stock at an aggregate price of $4.4 million for a weighted-average price of $4.56 per share.
Summary of Changes in Carrying Amount of FPUs The changes in the carrying amount of FPUs were as follows (in thousands):
Three Months Ended March 31,
20222021
Balance at beginning of period$18,761 $20,674 
Consolidated net income allocated to FPUs468 520 
Earnings distributions(1,074)— 
FPUs exchanged(339)(256)
FPUs redeemed(30)(949)
Balance at end of period$17,786 $19,989