10-Q Filing

MARCUS & MILLICHAP, INC. CIK: 1578732 Q2 2015

Filing Information

Form Type	10-Q
Accession Number	`0001193125-15-283323`
Period End Date	20150630
Filing Date	20150810
Fiscal Year	2015
Fiscal Period	Q2
XBRL Instance	mmi-20150630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 87 Income Statement 86 Cash Flow Statement 85 Stockholders Equity 16 Comprehensive Income 8

Balance Sheet 87 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	25.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	25.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$84.20M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$104.61M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$100.95M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$149.16M	USD	Point-in-time
Commissions receivable	`CommissionsReceivableCurrent`	$5.13M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Commissions receivable	`CommissionsReceivableCurrent`	$3.41M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Employee notes receivable	`DueFromEmployeesCurrent`	$216.00K	USD	Point-in-time
Employee notes receivable	`DueFromEmployeesCurrent`	$164.00K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	150.00M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$6.51M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$7.54M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	150.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	37.11M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	36.92M	shares	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$1.71M	USD	Point-in-time
Marketable securities, available for sale	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$51.07M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	36.92M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	37.11M	shares	Point-in-time
Deferred tax assets, net	`DeferredTaxAssetsNetCurrent`	$11.84M	USD	Point-in-time
Deferred tax assets, net	`DeferredTaxAssetsNetCurrent`	$13.60M	USD	Point-in-time
Other assets, net	`OtherAssetsCurrent`	$3.09M	USD	Point-in-time
Other assets, net	`OtherAssetsCurrent`	$2.84M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$162.00M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$178.47M	USD	Point-in-time
Prepaid rent	`PrepaidRent`	$5.34M	USD	Point-in-time
Prepaid rent	`PrepaidRent`	$3.65M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$7.69M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$8.59M	USD	Point-in-time
Employee notes receivable	`DueFromEmployeesNoncurrent`	$162.00K	USD	Point-in-time
Employee notes receivable	`DueFromEmployeesNoncurrent`	$141.00K	USD	Point-in-time
Marketable securities, available for sale	`AvailableForSaleSecuritiesDebtSecuritiesNoncurrent`	$14.75M	USD	Point-in-time
Marketable securities, available for sale	`AvailableForSaleSecuritiesDebtSecuritiesNoncurrent`	$51.79M	USD	Point-in-time
Assets held in rabbi trust	`DeferredCompensationPlanAssets`	$5.63M	USD	Point-in-time
Assets held in rabbi trust	`DeferredCompensationPlanAssets`	$4.33M	USD	Point-in-time
Deferred tax assets, net	`DeferredTaxAssetsNetNoncurrent`	$21.94M	USD	Point-in-time
Deferred tax assets, net	`DeferredTaxAssetsNetNoncurrent`	$21.27M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$3.28M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$5.20M	USD	Point-in-time
Total assets	`Assets`	$260.63M	USD	Point-in-time
Total assets	`Assets`	$233.60M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$9.49M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$9.70M	USD	Point-in-time
Accounts payable and accrued expenses - related party, net	`DueToRelatedPartiesCurrent`	$88.00K	USD	Point-in-time
Accounts payable and accrued expenses - related party, net	`DueToRelatedPartiesCurrent`	$97.00K	USD	Point-in-time
Notes payable to former stockholders	`OtherNotesPayableCurrent`	$939.00K	USD	Point-in-time
Notes payable to former stockholders	`OtherNotesPayableCurrent`	$894.00K	USD	Point-in-time
Commissions payable	`AccruedSalesCommissionCurrent`	$28.93M	USD	Point-in-time
Commissions payable	`AccruedSalesCommissionCurrent`	$21.81M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$9.70M	USD	Point-in-time
Accrued bonuses and other employee related expenses	`EmployeeRelatedLiabilitiesCurrent`	$27.79M	USD	Point-in-time
Accrued bonuses and other employee related expenses	`EmployeeRelatedLiabilitiesCurrent`	$16.11M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$58.34M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$67.20M	USD	Point-in-time
Deferred compensation and commissions	`DeferredCompensationAndCommissionsNonCurrent`	$36.58M	USD	Point-in-time
Deferred compensation and commissions	`DeferredCompensationAndCommissionsNonCurrent`	$36.40M	USD	Point-in-time
Notes payable to former stockholders	`OtherLongTermNotesPayable`	$10.61M	USD	Point-in-time
Notes payable to former stockholders	`OtherLongTermNotesPayable`	$9.67M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$3.48M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$2.40M	USD	Point-in-time
Total liabilities	`Liabilities`	$107.90M	USD	Point-in-time
Total liabilities	`Liabilities`	$116.80M	USD	Point-in-time
Preferred stock, $0.0001 par value: Authorized shares - 25,000,000; issued and outstanding shares - none at June 30, 2015 and December 31, 2014	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.0001 par value: Authorized shares - 25,000,000; issued and outstanding shares - none at June 30, 2015 and December 31, 2014	`PreferredStockValue`	-	USD	Point-in-time
Common Stock $0.0001 par value: Authorized shares - 150,000,000; issued and outstanding shares - 37,107,516 and 36,918,442 at June 30, 2015 and December 31, 2014, respectively	`CommonStockValue`	$4.00K	USD	Point-in-time
Common Stock $0.0001 par value: Authorized shares - 150,000,000; issued and outstanding shares - 37,107,516 and 36,918,442 at June 30, 2015 and December 31, 2014, respectively	`CommonStockValue`	$4.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$75.06M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$79.94M	USD	Point-in-time
Stock notes receivable from employees	`StockNotesReceivableFromEmployees`	$4.00K	USD	Point-in-time
Stock notes receivable from employees	`StockNotesReceivableFromEmployees`	$4.00K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$72.82M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$41.59M	USD	Point-in-time
Accumulated other comprehensive (loss) income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$159.00K	USD	Point-in-time
Accumulated other comprehensive (loss) income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-19.00K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$152.73M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$116.81M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$260.63M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$233.60M	USD	Point-in-time

Income Statement 86 line items

Line Item	Tag	Value	Unit	Period
Real estate brokerage commissions	`RealEstateBrokerageCommissions`	$294.41M	USD	2 Qtrs
Real estate brokerage commissions	`RealEstateBrokerageCommissions`	$160.22M	USD	1 Quarter
Real estate brokerage commissions	`RealEstateBrokerageCommissions`	$228.03M	USD	2 Qtrs
Real estate brokerage commissions	`RealEstateBrokerageCommissions`	$123.28M	USD	1 Quarter
Financing fees	`FinancingFeesRevenue`	$8.38M	USD	1 Quarter
Financing fees	`FinancingFeesRevenue`	$11.15M	USD	1 Quarter
Financing fees	`FinancingFeesRevenue`	$14.48M	USD	2 Qtrs
Financing fees	`FinancingFeesRevenue`	$19.18M	USD	2 Qtrs
Other revenues	`FeesAndCommissionsOther`	$6.43M	USD	2 Qtrs
Other revenues	`FeesAndCommissionsOther`	$6.34M	USD	2 Qtrs
Other revenues	`FeesAndCommissionsOther`	$2.11M	USD	1 Quarter
Other revenues	`FeesAndCommissionsOther`	$2.60M	USD	1 Quarter
Total revenues	`Revenues`	$173.48M	USD	1 Quarter
Total revenues	`Revenues`	$320.02M	USD	2 Qtrs
Total revenues	`Revenues`	$134.26M	USD	1 Quarter
Total revenues	`Revenues`	$248.85M	USD	2 Qtrs
Cost of services	`CostOfServices`	$148.00M	USD	2 Qtrs
Cost of services	`CostOfServices`	$105.56M	USD	1 Quarter
Cost of services	`CostOfServices`	$191.72M	USD	2 Qtrs
Cost of services	`CostOfServices`	$79.60M	USD	1 Quarter
Selling, general, and administrative expense	`SellingGeneralAndAdministrativeExpense`	$37.59M	USD	1 Quarter
Selling, general, and administrative expense	`SellingGeneralAndAdministrativeExpense`	$65.48M	USD	2 Qtrs
Selling, general, and administrative expense	`SellingGeneralAndAdministrativeExpense`	$32.13M	USD	1 Quarter
Selling, general, and administrative expense	`SellingGeneralAndAdministrativeExpense`	$73.42M	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationAndAmortization`	$1.59M	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationAndAmortization`	$1.59M	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationAndAmortization`	$811.00K	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$807.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$143.95M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$112.54M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$266.72M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$215.07M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$21.73M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$33.79M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$29.53M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$53.30M	USD	2 Qtrs
Other income (expense), net	`NonoperatingIncomeExpense`	$269.00K	USD	2 Qtrs
Other income (expense), net	`NonoperatingIncomeExpense`	$330.00K	USD	1 Quarter
Other income (expense), net	`NonoperatingIncomeExpense`	$487.00K	USD	2 Qtrs
Other income (expense), net	`NonoperatingIncomeExpense`	$362.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$401.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$969.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	$386.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$805.00K	USD	2 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$29.50M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$52.82M	USD	2 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$21.66M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$33.25M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$13.67M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$8.86M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$11.95M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$21.60M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$19.58M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$12.80M	USD	1 Quarter
Net income	`NetIncomeLoss`	$17.56M	USD	1 Quarter
Net income	`NetIncomeLoss`	$31.23M	USD	2 Qtrs
Unrealized (loss) on marketable securities, net of tax of $332, $0, $206 and $0 for the three months ended June 30, 2015 and 2014 and the six months ended June 30, 2015 and 2014, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-493.00K	USD	1 Quarter
Unrealized (loss) on marketable securities, net of tax of $332, $0, $206 and $0 for the three months ended June 30, 2015 and 2014 and the six months ended June 30, 2015 and 2014, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-305.00K	USD	2 Qtrs
Foreign currency translation (loss) gain, net of tax of $31, $28, $86 and $2 for the three months ended June 30, 2015 and 2014 and the six months ended June 30, 2015 and 2014, respectively	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$3.00K	USD	2 Qtrs
Foreign currency translation (loss) gain, net of tax of $31, $28, $86 and $2 for the three months ended June 30, 2015 and 2014 and the six months ended June 30, 2015 and 2014, respectively	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$127.00K	USD	2 Qtrs
Foreign currency translation (loss) gain, net of tax of $31, $28, $86 and $2 for the three months ended June 30, 2015 and 2014 and the six months ended June 30, 2015 and 2014, respectively	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-39.00K	USD	1 Quarter
Foreign currency translation (loss) gain, net of tax of $31, $28, $86 and $2 for the three months ended June 30, 2015 and 2014 and the six months ended June 30, 2015 and 2014, respectively	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-46.00K	USD	1 Quarter
Total other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$3.00K	USD	2 Qtrs
Total other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$-178.00K	USD	2 Qtrs
Total other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$-539.00K	USD	1 Quarter
Total other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$-39.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$12.76M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$17.02M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$31.05M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$19.58M	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.33	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.80	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.45	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.50	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.50	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.33	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.45	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.80	USD	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	38.85M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	38.85M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	38.87M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	38.86M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	38.92M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	38.93M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	39.06M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	39.01M	shares	2 Qtrs

Cash Flow Statement 85 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$17.56M	USD	1 Quarter
Net income	`NetIncomeLoss`	$31.23M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$12.80M	USD	1 Quarter
Net income	`NetIncomeLoss`	$19.58M	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationAndAmortization`	$1.59M	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationAndAmortization`	$1.59M	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationAndAmortization`	$811.00K	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$807.00K	USD	1 Quarter
Provision for bad debt expense	`ProvisionForDoubtfulAccounts`	$79.00K	USD	2 Qtrs
Provision for bad debt expense	`ProvisionForDoubtfulAccounts`	$42.00K	USD	2 Qtrs
Provision for bad debt expense	`ProvisionForDoubtfulAccounts`	$31.00K	USD	1 Quarter
Provision for bad debt expense	`ProvisionForDoubtfulAccounts`	$58.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$4.58M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$1.86M	USD	2 Qtrs
Deferred taxes, net	`DeferredIncomeTaxExpenseBenefit`	$1.56M	USD	2 Qtrs
Deferred taxes, net	`DeferredIncomeTaxExpenseBenefit`	$1.20M	USD	2 Qtrs
Net realized gains on marketable securities, available for sale	`MarketableSecuritiesRealizedGainLoss`	$130.00K	USD	2 Qtrs
Tax benefit from stock-based award activity	`TaxBenefitFromStockBasedAwardActivity`	$4.83M	USD	2 Qtrs
Excess tax benefit from stock-based award activity	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$4.83M	USD	2 Qtrs
Other non-cash items	`OtherNoncashIncomeExpense`	$-39.00K	USD	2 Qtrs
Other non-cash items	`OtherNoncashIncomeExpense`	$16.00K	USD	2 Qtrs
Commissions receivable	`IncreaseDecreaseInCommissionsReceivable`	$755.00K	USD	2 Qtrs
Commissions receivable	`IncreaseDecreaseInCommissionsReceivable`	$1.72M	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$862.00K	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-1.03M	USD	2 Qtrs
Prepaid rent	`IncreaseDecreaseInPrepaidRent`	$-763.00K	USD	2 Qtrs
Prepaid rent	`IncreaseDecreaseInPrepaidRent`	$1.69M	USD	2 Qtrs
Assets held in rabbi trust	`IncreaseDecreaseAssetsInTrustAccount`	$1.37M	USD	2 Qtrs
Assets held in rabbi trust	`IncreaseDecreaseAssetsInTrustAccount`	$21.00K	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$2.24M	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$1.30M	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-97.00K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-581.00K	USD	2 Qtrs
Accounts payable and accrued expenses - related party, net	`IncreaseDecreaseInDueToRelatedParties`	$-432.00K	USD	2 Qtrs
Accounts payable and accrued expenses - related party, net	`IncreaseDecreaseInDueToRelatedParties`	$-9.00K	USD	2 Qtrs
Income tax receivable (payable)	`IncreaseDecreaseInIncomeTaxesReceivablePayable`	$682.00K	USD	2 Qtrs
Income tax receivable (payable)	`IncreaseDecreaseInIncomeTaxesReceivablePayable`	$-7.10M	USD	2 Qtrs
Commissions payable	`CommissionPayableIncreaseDecrease`	$-7.12M	USD	2 Qtrs
Commissions payable	`CommissionPayableIncreaseDecrease`	$-10.75M	USD	2 Qtrs
Accrued bonuses and other employee related expenses	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-11.47M	USD	2 Qtrs
Accrued bonuses and other employee related expenses	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-3.29M	USD	2 Qtrs
Deferred compensation and commissions	`DeferredCompensationAndCommissionsIncreaseDecrease`	$-1.90M	USD	2 Qtrs
Deferred compensation and commissions	`DeferredCompensationAndCommissionsIncreaseDecrease`	$-152.00K	USD	2 Qtrs
Other liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$1.08M	USD	2 Qtrs
Other liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$994.00K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$5.85M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$21.87M	USD	2 Qtrs
Purchases of marketable securities, available for sale	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$98.26M	USD	2 Qtrs
Proceeds from sales and maturities of marketable securities, available for sale	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$10.02M	USD	2 Qtrs
Payments received on employee notes receivable	`ProceedsFromCollectionOfNotesReceivable`	$56.00K	USD	2 Qtrs
Issuances of employee notes receivable	`PaymentsToAcquireNotesReceivable`	$60.00K	USD	2 Qtrs
Issuances of employee notes receivable	`PaymentsToAcquireNotesReceivable`	$99.00K	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.20M	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.32M	USD	2 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-1.32M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-90.54M	USD	2 Qtrs
Proceeds from issuance of shares pursuant to employee stock purchase plan	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans`	$502.00K	USD	2 Qtrs
Taxes paid related to net share settlement of stock-based awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$731.00K	USD	2 Qtrs
Excess tax benefit from stock-based award activity	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$4.83M	USD	2 Qtrs
Principal payments on notes payable to former stockholders	`RepaymentsOfNotesPayable`	$851.00K	USD	2 Qtrs
Principal payments on notes payable to former stockholders	`RepaymentsOfNotesPayable`	$894.00K	USD	2 Qtrs
Payments on obligations under capital leases	`RepaymentsOfLongTermCapitalLeaseObligations`	$16.00K	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$3.71M	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-867.00K	USD	2 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-64.96M	USD	2 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$3.66M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$100.95M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$149.16M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$104.61M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$84.20M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$84.20M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$104.61M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$100.95M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$149.16M	USD	Point-in-time
Interest paid during the period	`InterestPaid`	$803.00K	USD	2 Qtrs
Interest paid during the period	`InterestPaid`	$619.00K	USD	2 Qtrs
Income taxes paid, net	`IncomeTaxesPaidNet`	$12.79M	USD	2 Qtrs
Income taxes paid, net	`IncomeTaxesPaidNet`	$8.46M	USD	2 Qtrs
Tax benefit of deductible IPO transaction costs included in income tax payable	`OtherTaxExpenseBenefit`	$840.00K	USD	2 Qtrs
Reduction of accrued bonuses and other employee related expenses in settlement of employee notes receivable	`ReductionOfAccruedBonusesAndOtherEmployeeRelatedExpensesInSettlementOfEmployeeNotesReceivable`	$208.00K	USD	2 Qtrs
Net change in accounts payable and accrued expenses related to property and equipment additions	`CapitalExpendituresIncurredButNotYetPaid`	$-3.00K	USD	2 Qtrs
Net change in accounts payable and accrued expenses related to property and equipment additions	`CapitalExpendituresIncurredButNotYetPaid`	$305.00K	USD	2 Qtrs
Settlements of deferred compensation obligation with trust assets	`SettlementsOfDeferredCompensationObligationWithTrustAssets`	$19.00K	USD	2 Qtrs
Settlements of deferred compensation obligation with trust assets	`SettlementsOfDeferredCompensationObligationWithTrustAssets`	$18.00K	USD	2 Qtrs

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$152.73M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$116.81M	USD	Point-in-time
Net and comprehensive income	`ComprehensiveIncomeNetOfTax`	$12.76M	USD	1 Quarter
Net and comprehensive income	`ComprehensiveIncomeNetOfTax`	$17.02M	USD	1 Quarter
Net and comprehensive income	`ComprehensiveIncomeNetOfTax`	$31.05M	USD	2 Qtrs
Net and comprehensive income	`ComprehensiveIncomeNetOfTax`	$19.58M	USD	2 Qtrs
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$4.58M	USD	2 Qtrs
Stock-based compensation, Shares	`StockIssuedDuringPeriodSharesShareBasedCompensation`	0.00	shares	2 Qtrs
Shares issued pursuant to employee stock purchase plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$502.00K	USD	2 Qtrs
Issuance of common stock for unvested restricted stock awards	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	-	USD	2 Qtrs
Issuance of common stock for vesting of restricted stock units	`StockIssuedDuringPeriodFairValueOfSharesRestrictedStockUnitsBeforeTaxSettlement`	-	USD	2 Qtrs
Shares withheld related to net share settlement of restricted stock units	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$731.00K	USD	2 Qtrs
Windfall tax benefit from stock-based award activity	`AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation`	$524.00K	USD	2 Qtrs
Windfall tax benefit from stock-based award activity	`AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation`	$4.30M	USD	Annual
Ending Balance	`StockholdersEquity`	$152.73M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$116.81M	USD	Point-in-time

Comprehensive Income 8 line items

Line Item	Tag	Value	Unit	Period
Unrealized (loss) on marketable securities, tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	-	USD	1 Quarter
Unrealized (loss) on marketable securities, tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	-	USD	2 Qtrs
Unrealized (loss) on marketable securities, tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$-206.00K	USD	2 Qtrs
Unrealized (loss) on marketable securities, tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$-332.00K	USD	1 Quarter
Foreign currency translation (loss) gain, tax	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$28.00K	USD	1 Quarter
Foreign currency translation (loss) gain, tax	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$86.00K	USD	2 Qtrs
Foreign currency translation (loss) gain, tax	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$31.00K	USD	1 Quarter
Foreign currency translation (loss) gain, tax	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$2.00K	USD	2 Qtrs

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.