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Stock Transactions and Unit Redemptions (Tables)
 12 Months Ended
Dec. 31, 2021
Equity [Abstract]  
Changes in Shares of Class A Common Stock Outstanding
Changes in shares of BGC Class A common stock outstanding for the years ended December 31, 2021 and 2020 were as follows (in thousands):
 Year Ended December 31,
 20212020
Shares outstanding at beginning of period323,018 307,915 
Share issuances:
Redemptions/exchanges of limited partnership interests¹
58,025 13,190 
Vesting of RSUs2,167 1,134 
Acquisitions1,789 391 
Other issuances of BGC Class A common stock417 345 
Issuance of BGC Class A common stock for general corporate purposes— 45 
Treasury stock repurchases(68,253)(2)
Forfeitures of restricted BGC Class A common stock(140)— 
Shares outstanding at end of period317,023 323,018 
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1.    Included in redemptions/exchanges of limited partnership interests for the year ended December 31, 2021 are 27.5 million shares of BGC Class A common stock granted in connection with the cancellation of 29.7 million LPUs. Included in redemption/exchanges of limited partnership interests for the year ended December 31, 2020, are 9.5 million shares of BGC Class A common stock granted in connection with the cancellation of 9.2 million LPUs. 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 year ended December 31, 2021 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, 2021—March 31, 202120 $4.40 
April 1, 2021—June 30, 20214,715 5.82 
July 1, 2021—September 30, 202173 5.14 
October 1, 2021—December 31, 202138 5.37 
Total Redemptions4,846 $5.80 
Repurchases2
January 1, 2021—March 31, 2021965 $4.56 
April 1, 2021—June 30, 202116,542 6.25 
July 1, 2021—September 30, 202124,433 5.19 
October 1, 2021—December 31, 202126,313 4.97 
Total Repurchases68,253 5.35 
Total Redemptions and Repurchases73,099 $5.38 $191,809 
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1.    During the year ended December 31, 2021, the Company redeemed 4.7 million LPUs at an aggregate redemption price of $27.5 million for a weighted-average price of $5.83 per unit and 0.1 million FPUs at an aggregate redemption price of $0.6 million for a weighted-average price of $4.86 per unit. During the year ended December 31, 2020, the Company redeemed 1.8 million LPUs at an aggregate redemption price of $5.5 million for a weighted-average price of $3.03 per unit and approximately 0.7 million FPUs at an aggregate redemption price of $1.3 million for a weighted-average price of $1.79 per unit. The table above does not include units redeemed/cancelled in connection with the grant of 27.5 million shares and 9.5 million shares of BGC Class A common stock during the years ended December 31, 2021 and 2020, respectively, nor the limited partnership interests exchanged for 32.2 million and 3.7 million shares of BGC Class A common stock during the years ended December 31, 2021 and 2020, respectively.
2.    During the year ended December 31, 2021, the Company repurchased 68.3 million shares of BGC Class A common stock at an aggregate price of $365.4 million for a weighted-average price of $5.35 per share. During the year ended December 31, 2020, the Company repurchased approximately 2 thousand shares of BGC Class A common stock at an aggregate price of $6 thousand for a weighted-average price of $2.58 per share.
Summary of Changes in Carrying Amount of FPUs
The changes in the carrying amount of FPUs for the years ended December 31, 2021 and 2020 were as follows (in thousands):
 Year Ended December 31,
 20212020
Balance at beginning of period$20,674 $23,638 
Consolidated net income allocated to FPUs2,031 815 
Earnings distributions(957)(815)
FPUs exchanged(1,129)(1,682)
FPUs redeemed(1,858)(1,282)
Balance at end of period$18,761 $20,674