10-Q Filing

MARCUS & MILLICHAP, INC. CIK: 1578732 Q3 2015

Filing Information

Form Type	10-Q
Accession Number	`0001193125-15-370437`
Period End Date	20150930
Filing Date	20151109
Fiscal Year	2015
Fiscal Period	Q3
XBRL Instance	mmi-20150930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 87 Income Statement 86 Cash Flow Statement 87 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
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$67.63M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$134.01M	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$149.16M	USD	Point-in-time
Commissions receivable	`CommissionsReceivableCurrent`	$3.41M	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`	$3.88M	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`	$214.00K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$7.54M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$6.39M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	150.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	150.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	37.12M	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
Common stock, shares outstanding	`CommonStockSharesOutstanding`	37.12M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	36.92M	shares	Point-in-time
Marketable securities, available for sale	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$89.76M	USD	Point-in-time
Deferred tax assets, net	`DeferredTaxAssetsNetCurrent`	$13.60M	USD	Point-in-time
Deferred tax assets, net	`DeferredTaxAssetsNetCurrent`	$14.28M	USD	Point-in-time
Other assets, net	`OtherAssetsCurrent`	$2.84M	USD	Point-in-time
Other assets, net	`OtherAssetsCurrent`	$3.40M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$178.47M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$185.57M	USD	Point-in-time
Prepaid rent	`PrepaidRent`	$8.18M	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`	$9.72M	USD	Point-in-time
Employee notes receivable	`DueFromEmployeesNoncurrent`	$162.00K	USD	Point-in-time
Employee notes receivable	`DueFromEmployeesNoncurrent`	$152.00K	USD	Point-in-time
Marketable securities, available for sale	`AvailableForSaleSecuritiesDebtSecuritiesNoncurrent`	$45.00M	USD	Point-in-time
Marketable securities, available for sale	`AvailableForSaleSecuritiesDebtSecuritiesNoncurrent`	$14.75M	USD	Point-in-time
Assets held in rabbi trust	`DeferredCompensationPlanAssets`	$5.33M	USD	Point-in-time
Assets held in rabbi trust	`DeferredCompensationPlanAssets`	$4.33M	USD	Point-in-time
Deferred tax assets, net	`DeferredTaxAssetsNetNoncurrent`	$23.67M	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`	$6.58M	USD	Point-in-time
Total assets	`Assets`	$233.60M	USD	Point-in-time
Total assets	`Assets`	$284.23M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$9.49M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$7.57M	USD	Point-in-time
Accounts payable and accrued expenses - related party, net	`DueToRelatedPartiesCurrent`	$97.00K	USD	Point-in-time
Accounts payable and accrued expenses - related party, net	`DueToRelatedPartiesCurrent`	$92.00K	USD	Point-in-time
Notes payable to former stockholders	`OtherNotesPayableCurrent`	$894.00K	USD	Point-in-time
Notes payable to former stockholders	`OtherNotesPayableCurrent`	$939.00K	USD	Point-in-time
Commissions payable	`AccruedSalesCommissionCurrent`	$23.38M	USD	Point-in-time
Commissions payable	`AccruedSalesCommissionCurrent`	$28.93M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$7.54M	USD	Point-in-time
Accrued bonuses and other employee related expenses	`EmployeeRelatedLiabilitiesCurrent`	$22.70M	USD	Point-in-time
Accrued bonuses and other employee related expenses	`EmployeeRelatedLiabilitiesCurrent`	$27.79M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$67.20M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$62.22M	USD	Point-in-time
Deferred compensation and commissions	`DeferredCompensationAndCommissionsNonCurrent`	$36.58M	USD	Point-in-time
Deferred compensation and commissions	`DeferredCompensationAndCommissionsNonCurrent`	$38.59M	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`	$2.40M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$3.40M	USD	Point-in-time
Total liabilities	`Liabilities`	$116.80M	USD	Point-in-time
Total liabilities	`Liabilities`	$113.88M	USD	Point-in-time
Preferred stock, $0.0001 par value: Authorized shares - 25,000,000; issued and outstanding shares - none at September 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 September 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 - 37,117,674 and 36,918,442 at September 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 - 37,117,674 and 36,918,442 at September 30, 2015 and December 31, 2014, respectively	`CommonStockValue`	$4.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$75.06M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$82.09M	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`	$41.59M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$87.99M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$159.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$271.00K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$170.35M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$116.81M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$233.60M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$284.23M	USD	Point-in-time

Income Statement 86 line items

Line Item	Tag	Value	Unit	Period
Real estate brokerage commissions	`RealEstateBrokerageCommissions`	$151.94M	USD	1 Quarter
Real estate brokerage commissions	`RealEstateBrokerageCommissions`	$140.22M	USD	1 Quarter
Real estate brokerage commissions	`RealEstateBrokerageCommissions`	$368.25M	USD	3 Qtrs
Real estate brokerage commissions	`RealEstateBrokerageCommissions`	$446.36M	USD	3 Qtrs
Financing fees	`FinancingFeesRevenue`	$30.05M	USD	3 Qtrs
Financing fees	`FinancingFeesRevenue`	$10.87M	USD	1 Quarter
Financing fees	`FinancingFeesRevenue`	$22.35M	USD	3 Qtrs
Financing fees	`FinancingFeesRevenue`	$7.86M	USD	1 Quarter
Other revenues	`FeesAndCommissionsOther`	$9.50M	USD	3 Qtrs
Other revenues	`FeesAndCommissionsOther`	$3.07M	USD	1 Quarter
Other revenues	`FeesAndCommissionsOther`	$9.15M	USD	3 Qtrs
Other revenues	`FeesAndCommissionsOther`	$2.81M	USD	1 Quarter
Total revenues	`Revenues`	$150.89M	USD	1 Quarter
Total revenues	`Revenues`	$485.90M	USD	3 Qtrs
Total revenues	`Revenues`	$399.74M	USD	3 Qtrs
Total revenues	`Revenues`	$165.88M	USD	1 Quarter
Cost of services	`CostOfServices`	$293.73M	USD	3 Qtrs
Cost of services	`CostOfServices`	$240.27M	USD	3 Qtrs
Cost of services	`CostOfServices`	$102.01M	USD	1 Quarter
Cost of services	`CostOfServices`	$92.27M	USD	1 Quarter
Selling, general, and administrative expense	`SellingGeneralAndAdministrativeExpense`	$34.09M	USD	1 Quarter
Selling, general, and administrative expense	`SellingGeneralAndAdministrativeExpense`	$35.65M	USD	1 Quarter
Selling, general, and administrative expense	`SellingGeneralAndAdministrativeExpense`	$109.06M	USD	3 Qtrs
Selling, general, and administrative expense	`SellingGeneralAndAdministrativeExpense`	$99.57M	USD	3 Qtrs
Depreciation and amortization expense	`DepreciationAndAmortization`	$2.40M	USD	3 Qtrs
Depreciation and amortization expense	`DepreciationAndAmortization`	$2.39M	USD	3 Qtrs
Depreciation and amortization expense	`DepreciationAndAmortization`	$802.00K	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$813.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$138.46M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$405.18M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$127.17M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$342.24M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$80.72M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$27.42M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$23.72M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$57.51M	USD	3 Qtrs
Other income (expense), net	`NonoperatingIncomeExpense`	$-464.00K	USD	1 Quarter
Other income (expense), net	`NonoperatingIncomeExpense`	$-39.00K	USD	3 Qtrs
Other income (expense), net	`NonoperatingIncomeExpense`	$-308.00K	USD	1 Quarter
Other income (expense), net	`NonoperatingIncomeExpense`	$23.00K	USD	3 Qtrs
Interest expense	`InterestExpense`	$380.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$397.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$1.35M	USD	3 Qtrs
Interest expense	`InterestExpense`	$1.20M	USD	3 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$23.02M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$56.27M	USD	3 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$79.39M	USD	3 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$26.57M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$32.99M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$23.17M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$9.49M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$11.40M	USD	1 Quarter
Net income	`NetIncomeLoss`	$33.10M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$46.40M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$13.52M	USD	1 Quarter
Net income	`NetIncomeLoss`	$15.18M	USD	1 Quarter
Unrealized gain (loss) on marketable securities, net of tax of $47, $0, $159 and $0 for the three months ended September 30, 2015 and 2014 and the nine months ended September 30, 2015 and 2014, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-249.00K	USD	3 Qtrs
Unrealized gain (loss) on marketable securities, net of tax of $47, $0, $159 and $0 for the three months ended September 30, 2015 and 2014 and the nine months ended September 30, 2015 and 2014, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$56.00K	USD	1 Quarter
Foreign currency translation gain, net of tax of $140, $38, $226 and $40 for the three months ended September 30, 2015 and 2014 and the nine months ended September 30, 2015 and 2014, respectively	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$60.00K	USD	3 Qtrs
Foreign currency translation gain, net of tax of $140, $38, $226 and $40 for the three months ended September 30, 2015 and 2014 and the nine months ended September 30, 2015 and 2014, respectively	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$234.00K	USD	1 Quarter
Foreign currency translation gain, net of tax of $140, $38, $226 and $40 for the three months ended September 30, 2015 and 2014 and the nine months ended September 30, 2015 and 2014, respectively	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$57.00K	USD	1 Quarter
Foreign currency translation gain, net of tax of $140, $38, $226 and $40 for the three months ended September 30, 2015 and 2014 and the nine months ended September 30, 2015 and 2014, respectively	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$361.00K	USD	3 Qtrs
Total other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$60.00K	USD	3 Qtrs
Total other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$290.00K	USD	1 Quarter
Total other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$57.00K	USD	1 Quarter
Total other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$112.00K	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$15.47M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$33.16M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$13.58M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$46.51M	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.35	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$1.19	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.85	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.39	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.85	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.35	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.39	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$1.19	USD	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	38.87M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	38.85M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	38.89M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	38.85M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	39.16M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	39.05M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	39.01M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	38.95M	shares	3 Qtrs

Cash Flow Statement 87 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$13.52M	USD	1 Quarter
Net income	`NetIncomeLoss`	$15.18M	USD	1 Quarter
Net income	`NetIncomeLoss`	$46.40M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$33.10M	USD	3 Qtrs
Depreciation and amortization expense	`DepreciationAndAmortization`	$2.40M	USD	3 Qtrs
Depreciation and amortization expense	`DepreciationAndAmortization`	$2.39M	USD	3 Qtrs
Depreciation and amortization expense	`DepreciationAndAmortization`	$802.00K	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$813.00K	USD	1 Quarter
Provision for bad debt expense	`ProvisionForDoubtfulAccounts`	$127.00K	USD	3 Qtrs
Provision for bad debt expense	`ProvisionForDoubtfulAccounts`	$48.00K	USD	1 Quarter
Provision for bad debt expense	`ProvisionForDoubtfulAccounts`	$86.00K	USD	3 Qtrs
Provision for bad debt expense	`ProvisionForDoubtfulAccounts`	$44.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$6.75M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$3.27M	USD	3 Qtrs
Deferred taxes, net	`DeferredIncomeTaxExpenseBenefit`	$-3.16M	USD	3 Qtrs
Deferred taxes, net	`DeferredIncomeTaxExpenseBenefit`	$1.48M	USD	3 Qtrs
Net realized gains on marketable securities, available for sale	`MarketableSecuritiesRealizedGainLoss`	$130.00K	USD	3 Qtrs
Tax benefit from stock-based award activity	`TaxBenefitFromStockBasedAwardActivity`	$4.84M	USD	3 Qtrs
Excess tax benefit from stock-based award activity	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$4.84M	USD	3 Qtrs
Other non-cash items	`OtherNoncashIncomeExpense`	$-295.00K	USD	3 Qtrs
Other non-cash items	`OtherNoncashIncomeExpense`	$-155.00K	USD	3 Qtrs
Commissions receivable	`IncreaseDecreaseInCommissionsReceivable`	$470.00K	USD	3 Qtrs
Commissions receivable	`IncreaseDecreaseInCommissionsReceivable`	$386.00K	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-1.14M	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$267.00K	USD	3 Qtrs
Prepaid rent	`IncreaseDecreaseInPrepaidRent`	$4.54M	USD	3 Qtrs
Prepaid rent	`IncreaseDecreaseInPrepaidRent`	$-932.00K	USD	3 Qtrs
Assets held in rabbi trust	`IncreaseDecreaseAssetsInTrustAccount`	$36.00K	USD	3 Qtrs
Assets held in rabbi trust	`IncreaseDecreaseAssetsInTrustAccount`	$1.45M	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$3.99M	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$1.09M	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-2.65M	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$2.91M	USD	3 Qtrs
Accounts payable and accrued expenses - related party, net	`IncreaseDecreaseInDueToRelatedParties`	$-5.00K	USD	3 Qtrs
Accounts payable and accrued expenses - related party, net	`IncreaseDecreaseInDueToRelatedParties`	$-334.00K	USD	3 Qtrs
Income tax receivable (payable)	`IncreaseDecreaseInIncomeTaxesReceivablePayable`	$-4.94M	USD	3 Qtrs
Income tax receivable (payable)	`IncreaseDecreaseInIncomeTaxesReceivablePayable`	$1.54M	USD	3 Qtrs
Commissions payable	`CommissionPayableIncreaseDecrease`	$-5.56M	USD	3 Qtrs
Commissions payable	`CommissionPayableIncreaseDecrease`	$-9.07M	USD	3 Qtrs
Accrued bonuses and other employee related expenses	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$4.51M	USD	3 Qtrs
Accrued bonuses and other employee related expenses	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-4.88M	USD	3 Qtrs
Deferred compensation and commissions	`DeferredCompensationAndCommissionsIncreaseDecrease`	$673.00K	USD	3 Qtrs
Deferred compensation and commissions	`DeferredCompensationAndCommissionsIncreaseDecrease`	$2.37M	USD	3 Qtrs
Other liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-1.88M	USD	3 Qtrs
Other liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$1.00M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$34.91M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$38.58M	USD	3 Qtrs
Purchases of marketable securities, available for sale	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$130.50M	USD	3 Qtrs
Proceeds from sales and maturities of marketable securities, available for sale	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$10.61M	USD	3 Qtrs
Payments received on employee notes receivable	`ProceedsFromCollectionOfNotesReceivable`	$15.00K	USD	3 Qtrs
Payments received on employee notes receivable	`ProceedsFromCollectionOfNotesReceivable`	$68.00K	USD	3 Qtrs
Issuances of employee notes receivable	`PaymentsToAcquireNotesReceivable`	$175.00K	USD	3 Qtrs
Issuances of employee notes receivable	`PaymentsToAcquireNotesReceivable`	$68.00K	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.83M	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.75M	USD	3 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-1.83M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-123.81M	USD	3 Qtrs
Proceeds from issuance of shares pursuant to employee stock purchase plan	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans`	$502.00K	USD	3 Qtrs
Taxes paid related to net share settlement of stock-based awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$756.00K	USD	3 Qtrs
Excess tax benefit from stock-based award activity	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$4.84M	USD	3 Qtrs
Realized tax benefit of deductible IPO transaction costs	`ProceedsFromPaymentsForOtherFinancingActivities`	$840.00K	USD	3 Qtrs
Principal payments on notes payable to former stockholders	`RepaymentsOfNotesPayable`	$894.00K	USD	3 Qtrs
Principal payments on notes payable to former stockholders	`RepaymentsOfNotesPayable`	$851.00K	USD	3 Qtrs
Payments on obligations under capital leases	`RepaymentsOfLongTermCapitalLeaseObligations`	$16.00K	USD	3 Qtrs
Payments received on stock notes receivable from employees	`RepaymentOfNotesReceivableFromRelatedParties`	$6.00K	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$3.70M	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-21.00K	USD	3 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-81.53M	USD	3 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$33.06M	USD	3 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`	$67.63M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$134.01M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$134.01M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$67.63M	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`	$619.00K	USD	3 Qtrs
Interest paid during the period	`InterestPaid`	$853.00K	USD	3 Qtrs
Income taxes paid, net	`IncomeTaxesPaidNet`	$26.37M	USD	3 Qtrs
Income taxes paid, net	`IncomeTaxesPaidNet`	$22.43M	USD	3 Qtrs
Reduction of accrued bonuses and other employee related expenses in settlement of employee notes receivable	`ReductionOfAccruedBonusesAndOtherEmployeeRelatedExpensesInSettlementOfEmployeeNotesReceivable`	$208.00K	USD	3 Qtrs
Net change in accounts payable and accrued expenses related to property and equipment additions	`CapitalExpendituresIncurredButNotYetPaid`	$729.00K	USD	3 Qtrs
Net change in accounts payable and accrued expenses related to property and equipment additions	`CapitalExpendituresIncurredButNotYetPaid`	$-86.00K	USD	3 Qtrs
Settlements of deferred compensation obligation with trust assets	`SettlementsOfDeferredCompensationObligationWithTrustAssets`	$28.00K	USD	3 Qtrs
Distribution related to stock appreciation rights liability for taxes payable included in accrued bonuses and other employee related expenses	`DistributionRelatedToStockAppreciationRightsLiabilityForTaxesPayable`	$412.00K	USD	3 Qtrs

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$170.35M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$116.81M	USD	Point-in-time
Net and comprehensive income	`ComprehensiveIncomeNetOfTax`	$15.47M	USD	1 Quarter
Net and comprehensive income	`ComprehensiveIncomeNetOfTax`	$33.16M	USD	3 Qtrs
Net and comprehensive income	`ComprehensiveIncomeNetOfTax`	$13.58M	USD	1 Quarter
Net and comprehensive income	`ComprehensiveIncomeNetOfTax`	$46.51M	USD	3 Qtrs
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$6.75M	USD	3 Qtrs
Stock-based compensation, Shares	`StockIssuedDuringPeriodSharesShareBasedCompensation`	0.00	shares	3 Qtrs
Shares issued pursuant to employee stock purchase plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$502.00K	USD	3 Qtrs
Issuance of common stock for unvested restricted stock awards	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	-	USD	3 Qtrs
Issuance of common stock for vesting of restricted stock units	`StockIssuedDuringPeriodFairValueOfSharesRestrictedStockUnitsBeforeTaxSettlement`	-	USD	3 Qtrs
Shares withheld related to net share settlement of restricted stock units	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$756.00K	USD	3 Qtrs
Windfall tax benefit from stock-based award activity	`AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation`	$4.30M	USD	Annual
Windfall tax benefit from stock-based award activity	`AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation`	$534.00K	USD	3 Qtrs
Ending Balance	`StockholdersEquity`	$170.35M	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 gain (loss) on marketable securities, tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$-159.00K	USD	3 Qtrs
Unrealized gain (loss) on marketable securities, tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	-	USD	3 Qtrs
Unrealized gain (loss) on marketable securities, tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$47.00K	USD	1 Quarter
Unrealized gain (loss) on marketable securities, tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	-	USD	1 Quarter
Foreign currency translation gain, tax	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$40.00K	USD	3 Qtrs
Foreign currency translation gain, tax	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$140.00K	USD	1 Quarter
Foreign currency translation gain, tax	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$38.00K	USD	1 Quarter
Foreign currency translation gain, tax	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$226.00K	USD	3 Qtrs

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