10-Q Filing

MARCUS & MILLICHAP, INC. CIK: 1578732 Q2 2017

Filing Information

Form Type	10-Q
Accession Number	`0001193125-17-251988`
Period End Date	20170630
Filing Date	20170809
Fiscal Year	2017
Fiscal Period	Q2
XBRL Instance	mmi-20170630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 84 Income Statement 88 Cash Flow Statement 88 Stockholders Equity 15 Comprehensive Income 8

Balance Sheet 84 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`	$163.83M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$92.44M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$96.19M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$187.37M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Commissions receivable	`CommissionsReceivableCurrent`	$4.81M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Commissions receivable	`CommissionsReceivableCurrent`	$4.85M	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
Prepaid expenses	`PrepaidExpenseCurrent`	$8.09M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$6.95M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	150.00M	shares	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	-	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$1.18M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	150.00M	shares	Point-in-time
Marketable securities, available-for-sale	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$27.45M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	37.88M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	38.12M	shares	Point-in-time
Marketable securities, available-for-sale	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$72.33M	USD	Point-in-time
Other assets, net	`OtherAssetsCurrent`	$5.10M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	37.88M	shares	Point-in-time
Other assets, net	`OtherAssetsCurrent`	$4.35M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	38.12M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$252.32M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$234.01M	USD	Point-in-time
Prepaid rent	`PrepaidRent`	$13.29M	USD	Point-in-time
Prepaid rent	`PrepaidRent`	$15.09M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$16.36M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$17.07M	USD	Point-in-time
Marketable securities, available-for-sale	`AvailableForSaleSecuritiesDebtSecuritiesNoncurrent`	$51.33M	USD	Point-in-time
Marketable securities, available-for-sale	`AvailableForSaleSecuritiesDebtSecuritiesNoncurrent`	$77.47M	USD	Point-in-time
Assets held in rabbi trust	`DeferredCompensationPlanAssets`	$7.34M	USD	Point-in-time
Assets held in rabbi trust	`DeferredCompensationPlanAssets`	$8.38M	USD	Point-in-time
Deferred tax assets, net	`DeferredTaxAssetsNetNoncurrent`	$34.29M	USD	Point-in-time
Deferred tax assets, net	`DeferredTaxAssetsNetNoncurrent`	$35.57M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$9.98M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$21.47M	USD	Point-in-time
Total assets	`Assets`	$394.02M	USD	Point-in-time
Total assets	`Assets`	$399.95M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$9.10M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$10.13M	USD	Point-in-time
Notes payable to former stockholders	`OtherNotesPayableCurrent`	$986.00K	USD	Point-in-time
Notes payable to former stockholders	`OtherNotesPayableCurrent`	$1.03M	USD	Point-in-time
Deferred compensation and commissions	`DeferredCompensationAndCommissionsCurrent`	$44.75M	USD	Point-in-time
Deferred compensation and commissions	`DeferredCompensationAndCommissionsCurrent`	$30.45M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$2.91M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	-	USD	Point-in-time
Accrued bonuses and other employee related expenses	`EmployeeRelatedLiabilitiesCurrent`	$14.64M	USD	Point-in-time
Accrued bonuses and other employee related expenses	`EmployeeRelatedLiabilitiesCurrent`	$22.30M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$58.14M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$78.18M	USD	Point-in-time
Deferred compensation and commissions	`DeferredCompensationAndCommissionsNonCurrent`	$44.45M	USD	Point-in-time
Deferred compensation and commissions	`DeferredCompensationAndCommissionsNonCurrent`	$40.12M	USD	Point-in-time
Notes payable to former stockholders	`OtherLongTermNotesPayable`	$7.65M	USD	Point-in-time
Notes payable to former stockholders	`OtherLongTermNotesPayable`	$8.69M	USD	Point-in-time
Deferred rent and other liabilities	`DeferredRentCreditNoncurrentAndOtherNoncurrentObligations`	$4.41M	USD	Point-in-time
Deferred rent and other liabilities	`DeferredRentCreditNoncurrentAndOtherNoncurrentObligations`	$3.85M	USD	Point-in-time
Total liabilities	`Liabilities`	$110.32M	USD	Point-in-time
Total liabilities	`Liabilities`	$135.16M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.0001 par value: Authorized shares - 25,000,000; issued and outstanding shares - none at June 30, 2017 and December 31, 2016, respectively	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.0001 par value: Authorized shares - 25,000,000; issued and outstanding shares - none at June 30, 2017 and December 31, 2016, respectively	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.0001 par value: Authorized shares - 150,000,000; issued and outstanding shares - 38,117,290 and 37,882,266 at June 30, 2017 and December 31, 2016, respectively	`CommonStockValue`	$4.00K	USD	Point-in-time
Common stock, $0.0001 par value: Authorized shares - 150,000,000; issued and outstanding shares - 38,117,290 and 37,882,266 at June 30, 2017 and December 31, 2016, respectively	`CommonStockValue`	$4.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$85.44M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$88.50M	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`	$200.12M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$172.60M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$1.01M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$810.00K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$289.62M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$258.85M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$394.02M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$399.95M	USD	Point-in-time

Income Statement 88 line items

Line Item	Tag	Value	Unit	Period
Real estate brokerage commissions	`RealEstateBrokerageCommissions`	$162.57M	USD	1 Quarter
Real estate brokerage commissions	`RealEstateBrokerageCommissions`	$323.78M	USD	2 Qtrs
Real estate brokerage commissions	`RealEstateBrokerageCommissions`	$170.12M	USD	1 Quarter
Real estate brokerage commissions	`RealEstateBrokerageCommissions`	$302.71M	USD	2 Qtrs
Financing fees	`FinancingFeesRevenue`	$10.73M	USD	1 Quarter
Financing fees	`FinancingFeesRevenue`	$22.76M	USD	2 Qtrs
Financing fees	`FinancingFeesRevenue`	$19.46M	USD	2 Qtrs
Financing fees	`FinancingFeesRevenue`	$12.71M	USD	1 Quarter
Other revenues	`FeesAndCommissionsOther`	$8.11M	USD	2 Qtrs
Other revenues	`FeesAndCommissionsOther`	$4.42M	USD	2 Qtrs
Other revenues	`FeesAndCommissionsOther`	$2.54M	USD	1 Quarter
Other revenues	`FeesAndCommissionsOther`	$5.09M	USD	1 Quarter
Total revenues	`Revenues`	$333.58M	USD	2 Qtrs
Total revenues	`Revenues`	$347.66M	USD	2 Qtrs
Total revenues	`Revenues`	$180.37M	USD	1 Quarter
Total revenues	`Revenues`	$183.39M	USD	1 Quarter
Cost of services	`CostOfServices`	$113.13M	USD	1 Quarter
Cost of services	`CostOfServices`	$200.02M	USD	2 Qtrs
Cost of services	`CostOfServices`	$209.28M	USD	2 Qtrs
Cost of services	`CostOfServices`	$110.38M	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$43.69M	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$82.67M	USD	2 Qtrs
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$40.42M	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$86.91M	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationAndAmortization`	$2.02M	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationAndAmortization`	$2.60M	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationAndAmortization`	$1.30M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$1.01M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$155.37M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$154.56M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$293.97M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$289.54M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$28.83M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$44.05M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$53.69M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$25.00M	USD	1 Quarter
Other income (expense), net	`NonoperatingIncomeExpense`	$618.00K	USD	1 Quarter
Other income (expense), net	`NonoperatingIncomeExpense`	$1.83M	USD	2 Qtrs
Other income (expense), net	`NonoperatingIncomeExpense`	$848.00K	USD	2 Qtrs
Other income (expense), net	`NonoperatingIncomeExpense`	$997.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$775.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	$384.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$756.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	$374.00K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$25.62M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$29.07M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$53.76M	USD	2 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$45.12M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$21.42M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$10.05M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$11.54M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$17.55M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$27.57M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$15.57M	USD	1 Quarter
Net income	`NetIncomeLoss`	$17.52M	USD	1 Quarter
Net income	`NetIncomeLoss`	$32.34M	USD	2 Qtrs
Unrealized gains on marketable securities, net of tax of $111, $271, $176 and $721 for the three months ended June 30, 2017 and 2016 and the six months ended June 30, 2017 and 2016, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$1.11M	USD	2 Qtrs
Unrealized gains on marketable securities, net of tax of $111, $271, $176 and $721 for the three months ended June 30, 2017 and 2016 and the six months ended June 30, 2017 and 2016, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$174.00K	USD	1 Quarter
Unrealized gains on marketable securities, net of tax of $111, $271, $176 and $721 for the three months ended June 30, 2017 and 2016 and the six months ended June 30, 2017 and 2016, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$426.00K	USD	1 Quarter
Unrealized gains on marketable securities, net of tax of $111, $271, $176 and $721 for the three months ended June 30, 2017 and 2016 and the six months ended June 30, 2017 and 2016, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$221.00K	USD	2 Qtrs
Foreign currency translation (loss) gain, net of tax of $0 for each of the three months ended June 30, 2017 and 2016 and each of the six months ended June 30, 2017 and 2016	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-25.00K	USD	2 Qtrs
Foreign currency translation (loss) gain, net of tax of $0 for each of the three months ended June 30, 2017 and 2016 and each of the six months ended June 30, 2017 and 2016	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$35.00K	USD	2 Qtrs
Foreign currency translation (loss) gain, net of tax of $0 for each of the three months ended June 30, 2017 and 2016 and each of the six months ended June 30, 2017 and 2016	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-23.00K	USD	1 Quarter
Foreign currency translation (loss) gain, net of tax of $0 for each of the three months ended June 30, 2017 and 2016 and each of the six months ended June 30, 2017 and 2016	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-12.00K	USD	1 Quarter
Net current-period other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$1.14M	USD	2 Qtrs
Net current-period other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$196.00K	USD	2 Qtrs
Net current-period other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$151.00K	USD	1 Quarter
Net current-period other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$414.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$33.48M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$17.94M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$15.72M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$27.77M	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.40	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.83	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.71	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.45	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.40	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.83	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.70	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.45	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	38.92M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	38.91M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	39.00M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	38.98M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	39.13M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	39.05M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	39.12M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	39.01M	shares	2 Qtrs

Cash Flow Statement 88 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$32.34M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$17.52M	USD	1 Quarter
Net income	`NetIncomeLoss`	$15.57M	USD	1 Quarter
Net income	`NetIncomeLoss`	$27.57M	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationAndAmortization`	$2.02M	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationAndAmortization`	$2.60M	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationAndAmortization`	$1.30M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$1.01M	USD	1 Quarter
(Recovery) provision for bad debt expense	`ProvisionForRecoveryOfBadDebts`	$-13.00K	USD	1 Quarter
(Recovery) provision for bad debt expense	`ProvisionForRecoveryOfBadDebts`	$3.00K	USD	2 Qtrs
(Recovery) provision for bad debt expense	`ProvisionForRecoveryOfBadDebts`	$-10.00K	USD	1 Quarter
(Recovery) provision for bad debt expense	`ProvisionForRecoveryOfBadDebts`	$-54.00K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$3.98M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$3.10M	USD	2 Qtrs
Deferred taxes, net	`DeferredIncomeTaxExpenseBenefit`	$661.00K	USD	2 Qtrs
Deferred taxes, net	`DeferredIncomeTaxExpenseBenefit`	$1.14M	USD	2 Qtrs
Net realized (gains) losses on marketable securities, available-for-sale	`MarketableSecuritiesRealizedGainLoss`	$1.00K	USD	2 Qtrs
Net realized (gains) losses on marketable securities, available-for-sale	`MarketableSecuritiesRealizedGainLoss`	$-135.00K	USD	2 Qtrs
Tax benefit from stock-based award activity	`TaxBenefitFromStockBasedAwardActivity`	$171.00K	USD	2 Qtrs
Tax benefit from stock-based award activity	`TaxBenefitFromStockBasedAwardActivity`	-	USD	2 Qtrs
Excess tax benefit from stock-based award activity	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$171.00K	USD	2 Qtrs
Excess tax benefit from stock-based award activity	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	-	USD	2 Qtrs
Other non-cash items	`OtherNoncashIncomeExpense`	$-37.00K	USD	2 Qtrs
Other non-cash items	`OtherNoncashIncomeExpense`	$-243.00K	USD	2 Qtrs
Commissions receivable	`IncreaseDecreaseInCommissionsReceivable`	$1.21M	USD	2 Qtrs
Commissions receivable	`IncreaseDecreaseInCommissionsReceivable`	$44.00K	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-1.14M	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-2.07M	USD	2 Qtrs
Prepaid rent	`IncreaseDecreaseInPrepaidRent`	$2.41M	USD	2 Qtrs
Prepaid rent	`IncreaseDecreaseInPrepaidRent`	$1.80M	USD	2 Qtrs
Asset held in rabbi trust	`IncreaseDecreaseAssetsInRabbiTrustAccount`	$700.00K	USD	2 Qtrs
Asset held in rabbi trust	`IncreaseDecreaseAssetsInRabbiTrustAccount`	$1.26M	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$216.00K	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$10.62M	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-989.00K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.53M	USD	2 Qtrs
Income tax receivable/payable	`IncreaseDecreaseInIncomeTaxesReceivablePayable`	$-4.10M	USD	2 Qtrs
Income tax receivable/payable	`IncreaseDecreaseInIncomeTaxesReceivablePayable`	$-9.35M	USD	2 Qtrs
Accrued bonuses and other employee related expenses	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-7.42M	USD	2 Qtrs
Accrued bonuses and other employee related expenses	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-15.65M	USD	2 Qtrs
Deferred compensation and commissions	`DeferredCompensationAndCommissionsIncreaseDecrease`	$-15.84M	USD	2 Qtrs
Deferred compensation and commissions	`DeferredCompensationAndCommissionsIncreaseDecrease`	$-19.04M	USD	2 Qtrs
Deferred rent obligation and other liabilities	`IncreaseDecreaseInDeferredRentCreditNoncurrentAndOtherNoncurrentObligations`	$461.00K	USD	2 Qtrs
Deferred rent obligation and other liabilities	`IncreaseDecreaseInDeferredRentCreditNoncurrentAndOtherNoncurrentObligations`	$566.00K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$12.26M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$462.00K	USD	2 Qtrs
Purchases of marketable securities, available-for-sale	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$25.51M	USD	2 Qtrs
Purchases of marketable securities, available-for-sale	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$60.84M	USD	2 Qtrs
Proceeds from sales and maturities of marketable securities, available-for-sale	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$50.85M	USD	2 Qtrs
Proceeds from sales and maturities of marketable securities, available-for-sale	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$7.21M	USD	2 Qtrs
Issuances of employee notes receivable	`PaymentsToAcquireNotesReceivable`	$307.00K	USD	2 Qtrs
Issuances of employee notes receivable	`PaymentsToAcquireNotesReceivable`	$344.00K	USD	2 Qtrs
Payments received on employee notes receivable	`ProceedsFromCollectionOfNotesReceivable`	$6.00K	USD	2 Qtrs
Payments received on employee notes receivable	`ProceedsFromCollectionOfNotesReceivable`	$2.00K	USD	2 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$10.00K	USD	2 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$15.00K	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.38M	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.25M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-22.01M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-14.53M	USD	2 Qtrs
Taxes paid related to net share settlement of stock-based awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.11M	USD	2 Qtrs
Taxes paid related to net share settlement of stock-based awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.40M	USD	2 Qtrs
Proceeds from issuance of shares pursuant to employee stock purchase plan	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans`	$392.00K	USD	2 Qtrs
Proceeds from issuance of shares pursuant to employee stock purchase plan	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans`	$402.00K	USD	2 Qtrs
Principal payments on notes payable to former stockholders	`RepaymentsOfNotesPayable`	$986.00K	USD	2 Qtrs
Principal payments on notes payable to former stockholders	`RepaymentsOfNotesPayable`	$938.00K	USD	2 Qtrs
Excess tax benefit from stock-based award activity	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$171.00K	USD	2 Qtrs
Excess tax benefit from stock-based award activity	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	-	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-1.47M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-2.00M	USD	2 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-3.75M	USD	2 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-23.54M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$187.37M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$163.83M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$96.19M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$92.44M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$96.19M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$92.44M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$187.37M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$163.83M	USD	Point-in-time
Interest paid during the period	`InterestPaid`	$1.88M	USD	2 Qtrs
Interest paid during the period	`InterestPaid`	$563.00K	USD	2 Qtrs
Income taxes paid, net	`IncomeTaxesPaidNet`	$12.32M	USD	2 Qtrs
Income taxes paid, net	`IncomeTaxesPaidNet`	$11.24M	USD	2 Qtrs
Reduction of accrued bonuses and other employee related expenses in settlement of employee notes receivable	`ReductionOfAccruedBonusesAndOtherEmployeeRelatedExpensesInSettlementOfEmployeeNotesReceivable`	$243.00K	USD	2 Qtrs
Reduction of accrued bonuses and other employee related expenses in settlement of employee notes receivable	`ReductionOfAccruedBonusesAndOtherEmployeeRelatedExpensesInSettlementOfEmployeeNotesReceivable`	$198.00K	USD	2 Qtrs
Change in property and equipment included in accounts payable and accrued expenses	`NetChangeInAccountsPayableAndAccruedExpensesRelatedToPropertyAndEquipmentAdditions`	$-741.00K	USD	2 Qtrs
Change in property and equipment included in accounts payable and accrued expenses	`NetChangeInAccountsPayableAndAccruedExpensesRelatedToPropertyAndEquipmentAdditions`	$46.00K	USD	2 Qtrs

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$289.62M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$258.85M	USD	Point-in-time
Cumulative effect of a change in accounting principle, net of tax	`CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption`	$33.00K	USD	Point-in-time
Balance at January 1, 2017, as adjusted	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1`	$258.89M	USD	Point-in-time
Net and comprehensive income	`ComprehensiveIncomeNetOfTax`	$33.48M	USD	2 Qtrs
Net and comprehensive income	`ComprehensiveIncomeNetOfTax`	$17.94M	USD	1 Quarter
Net and comprehensive income	`ComprehensiveIncomeNetOfTax`	$15.72M	USD	1 Quarter
Net and comprehensive income	`ComprehensiveIncomeNetOfTax`	$27.77M	USD	2 Qtrs
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$3.98M	USD	2 Qtrs
Shares issued pursuant to employee stock purchase plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$392.00K	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 stock-based awards, units	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.40M	USD	2 Qtrs
Ending Balance	`StockholdersEquity`	$289.62M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$258.85M	USD	Point-in-time

Comprehensive Income 8 line items

Line Item	Tag	Value	Unit	Period
Unrealized gains on marketable securities, tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$176.00K	USD	2 Qtrs
Unrealized gains on marketable securities, tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$271.00K	USD	1 Quarter
Unrealized gains on marketable securities, tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$111.00K	USD	1 Quarter
Unrealized gains on marketable securities, tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$721.00K	USD	2 Qtrs
Foreign currency translation (loss) gain, tax	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	-	USD	2 Qtrs
Foreign currency translation (loss) gain, tax	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	-	USD	2 Qtrs
Foreign currency translation (loss) gain, tax	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	-	USD	1 Quarter
Foreign currency translation (loss) gain, tax	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	-	USD	1 Quarter

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