10-Q Filing

MARCUS & MILLICHAP, INC. CIK: 1578732 Q3 2017

Filing Information

Form Type	10-Q
Accession Number	`0001193125-17-337935`
Period End Date	20170930
Filing Date	20171109
Fiscal Year	2017
Fiscal Period	Q3
XBRL Instance	mmi-20170930.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`	$96.19M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$182.66M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$187.37M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$121.95M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Commissions receivable	`CommissionsReceivableCurrent`	$4.21M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Commissions receivable	`CommissionsReceivableCurrent`	$4.81M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$5.83M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$8.09M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	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
Income tax receivable	`IncomeTaxesReceivable`	-	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`	38.14M	shares	Point-in-time
Marketable securities, available-for-sale	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$82.81M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	37.88M	shares	Point-in-time
Other assets, net	`OtherAssetsCurrent`	$5.10M	USD	Point-in-time
Other assets, net	`OtherAssetsCurrent`	$4.94M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	38.14M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$280.46M	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`	$15.12M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$17.13M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$16.36M	USD	Point-in-time
Marketable securities, available-for-sale	`AvailableForSaleSecuritiesDebtSecuritiesNoncurrent`	$77.47M	USD	Point-in-time
Marketable securities, available-for-sale	`AvailableForSaleSecuritiesDebtSecuritiesNoncurrent`	$45.44M	USD	Point-in-time
Assets held in rabbi trust	`DeferredCompensationPlanAssets`	$7.34M	USD	Point-in-time
Assets held in rabbi trust	`DeferredCompensationPlanAssets`	$8.54M	USD	Point-in-time
Deferred tax assets, net	`DeferredTaxAssetsNetNoncurrent`	$35.57M	USD	Point-in-time
Deferred tax assets, net	`DeferredTaxAssetsNetNoncurrent`	$33.82M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$23.03M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$9.98M	USD	Point-in-time
Total assets	`Assets`	$394.02M	USD	Point-in-time
Total assets	`Assets`	$423.55M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$10.13M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$8.57M	USD	Point-in-time
Notes payable to former stockholders	`OtherNotesPayableCurrent`	$1.03M	USD	Point-in-time
Notes payable to former stockholders	`OtherNotesPayableCurrent`	$986.00K	USD	Point-in-time
Deferred compensation and commissions	`DeferredCompensationAndCommissionsCurrent`	$29.48M	USD	Point-in-time
Deferred compensation and commissions	`DeferredCompensationAndCommissionsCurrent`	$44.75M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	-	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$1.29M	USD	Point-in-time
Accrued bonuses and other employee related expenses	`EmployeeRelatedLiabilitiesCurrent`	$20.30M	USD	Point-in-time
Accrued bonuses and other employee related expenses	`EmployeeRelatedLiabilitiesCurrent`	$22.30M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$60.67M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$78.18M	USD	Point-in-time
Deferred compensation and commissions	`DeferredCompensationAndCommissionsNonCurrent`	$43.59M	USD	Point-in-time
Deferred compensation and commissions	`DeferredCompensationAndCommissionsNonCurrent`	$44.45M	USD	Point-in-time
Notes payable to former stockholders	`OtherLongTermNotesPayable`	$8.69M	USD	Point-in-time
Notes payable to former stockholders	`OtherLongTermNotesPayable`	$7.65M	USD	Point-in-time
Deferred rent and other liabilities	`DeferredRentCreditNoncurrentAndOtherNoncurrentObligations`	$4.32M	USD	Point-in-time
Deferred rent and other liabilities	`DeferredRentCreditNoncurrentAndOtherNoncurrentObligations`	$3.85M	USD	Point-in-time
Total liabilities	`Liabilities`	$116.24M	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 September 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 September 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 - 38,140,801 and 37,882,266 at September 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 - 38,140,801 and 37,882,266 at September 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`	$90.65M	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`	$215.59M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$172.60M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$810.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$1.07M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$258.85M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$307.31M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$423.55M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$394.02M	USD	Point-in-time

Income Statement 88 line items

Line Item	Tag	Value	Unit	Period
Real estate brokerage commissions	`RealEstateBrokerageCommissions`	$169.36M	USD	1 Quarter
Real estate brokerage commissions	`RealEstateBrokerageCommissions`	$489.48M	USD	3 Qtrs
Real estate brokerage commissions	`RealEstateBrokerageCommissions`	$472.07M	USD	3 Qtrs
Real estate brokerage commissions	`RealEstateBrokerageCommissions`	$165.69M	USD	1 Quarter
Financing fees	`FinancingFeesRevenue`	$11.37M	USD	1 Quarter
Financing fees	`FinancingFeesRevenue`	$30.78M	USD	3 Qtrs
Financing fees	`FinancingFeesRevenue`	$11.32M	USD	1 Quarter
Financing fees	`FinancingFeesRevenue`	$34.13M	USD	3 Qtrs
Other revenues	`FeesAndCommissionsOther`	$10.72M	USD	3 Qtrs
Other revenues	`FeesAndCommissionsOther`	$8.04M	USD	3 Qtrs
Other revenues	`FeesAndCommissionsOther`	$2.62M	USD	1 Quarter
Other revenues	`FeesAndCommissionsOther`	$3.62M	USD	1 Quarter
Total revenues	`Revenues`	$528.29M	USD	3 Qtrs
Total revenues	`Revenues`	$183.34M	USD	1 Quarter
Total revenues	`Revenues`	$516.92M	USD	3 Qtrs
Total revenues	`Revenues`	$180.63M	USD	1 Quarter
Cost of services	`CostOfServices`	$114.80M	USD	1 Quarter
Cost of services	`CostOfServices`	$323.13M	USD	3 Qtrs
Cost of services	`CostOfServices`	$113.85M	USD	1 Quarter
Cost of services	`CostOfServices`	$314.83M	USD	3 Qtrs
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$42.48M	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$129.39M	USD	3 Qtrs
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$40.73M	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$123.40M	USD	3 Qtrs
Depreciation and amortization expense	`DepreciationAndAmortization`	$3.98M	USD	3 Qtrs
Depreciation and amortization expense	`DepreciationAndAmortization`	$1.38M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$3.16M	USD	3 Qtrs
Depreciation and amortization expense	`DepreciationAndAmortization`	$1.15M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$448.19M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$449.70M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$155.73M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$158.66M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$24.68M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$68.73M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$78.59M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$24.91M	USD	1 Quarter
Other income (expense), net	`NonoperatingIncomeExpense`	$3.00M	USD	3 Qtrs
Other income (expense), net	`NonoperatingIncomeExpense`	$719.00K	USD	1 Quarter
Other income (expense), net	`NonoperatingIncomeExpense`	$1.17M	USD	1 Quarter
Other income (expense), net	`NonoperatingIncomeExpense`	$1.57M	USD	3 Qtrs
Interest expense	`InterestExpense`	$1.13M	USD	3 Qtrs
Interest expense	`InterestExpense`	$370.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$380.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$1.16M	USD	3 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$79.01M	USD	3 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$25.48M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$70.61M	USD	3 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$25.24M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$27.56M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$10.01M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$31.52M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$10.10M	USD	1 Quarter
Net income	`NetIncomeLoss`	$15.14M	USD	1 Quarter
Net income	`NetIncomeLoss`	$43.04M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$15.47M	USD	1 Quarter
Net income	`NetIncomeLoss`	$47.48M	USD	3 Qtrs
Unrealized gains (losses) on marketable securities, net of tax of $66, $(37), $242 and $684 for the three months ended September 30, 2017 and 2016 and the nine months ended September 30, 2017 and 2016, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$325.00K	USD	3 Qtrs
Unrealized gains (losses) on marketable securities, net of tax of $66, $(37), $242 and $684 for the three months ended September 30, 2017 and 2016 and the nine months ended September 30, 2017 and 2016, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-56.00K	USD	1 Quarter
Unrealized gains (losses) on marketable securities, net of tax of $66, $(37), $242 and $684 for the three months ended September 30, 2017 and 2016 and the nine months ended September 30, 2017 and 2016, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$104.00K	USD	1 Quarter
Unrealized gains (losses) on marketable securities, net of tax of $66, $(37), $242 and $684 for the three months ended September 30, 2017 and 2016 and the nine months ended September 30, 2017 and 2016, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$1.05M	USD	3 Qtrs
Foreign currency translation (loss) gain, net of tax of $0 for each of the three months ended September 30, 2017 and 2016 and each of the nine months ended September 30, 2017 and 2016	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-40.00K	USD	1 Quarter
Foreign currency translation (loss) gain, net of tax of $0 for each of the three months ended September 30, 2017 and 2016 and each of the nine months ended September 30, 2017 and 2016	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-65.00K	USD	3 Qtrs
Foreign currency translation (loss) gain, net of tax of $0 for each of the three months ended September 30, 2017 and 2016 and each of the nine months ended September 30, 2017 and 2016	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-3.00K	USD	1 Quarter
Foreign currency translation (loss) gain, net of tax of $0 for each of the three months ended September 30, 2017 and 2016 and each of the nine months ended September 30, 2017 and 2016	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$32.00K	USD	3 Qtrs
Net current-period other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$64.00K	USD	1 Quarter
Net current-period other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$260.00K	USD	3 Qtrs
Net current-period other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$1.08M	USD	3 Qtrs
Net current-period other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-59.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$48.56M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$15.54M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$15.09M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$43.30M	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$1.22	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.39	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$1.10	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.40	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.39	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$1.22	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.39	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$1.10	USD	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	38.99M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	38.94M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	39.03M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	38.92M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	39.12M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	39.14M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	39.03M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	39.20M	shares	1 Quarter

Cash Flow Statement 88 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$47.48M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$15.47M	USD	1 Quarter
Net income	`NetIncomeLoss`	$43.04M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$15.14M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$3.98M	USD	3 Qtrs
Depreciation and amortization expense	`DepreciationAndAmortization`	$1.38M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$3.16M	USD	3 Qtrs
Depreciation and amortization expense	`DepreciationAndAmortization`	$1.15M	USD	1 Quarter
Provision for bad debt expense	`ProvisionForDoubtfulAccounts`	$15.00K	USD	3 Qtrs
Provision for bad debt expense	`ProvisionForDoubtfulAccounts`	$33.00K	USD	3 Qtrs
Provision for bad debt expense	`ProvisionForDoubtfulAccounts`	$12.00K	USD	1 Quarter
Provision for bad debt expense	`ProvisionForDoubtfulAccounts`	$87.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$6.17M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$4.93M	USD	3 Qtrs
Deferred taxes, net	`DeferredIncomeTaxExpenseBenefit`	$-894.00K	USD	3 Qtrs
Deferred taxes, net	`DeferredIncomeTaxExpenseBenefit`	$1.54M	USD	3 Qtrs
Net realized (gains) losses on marketable securities, available-for-sale	`MarketableSecuritiesRealizedGainLoss`	$2.00K	USD	3 Qtrs
Net realized (gains) losses on marketable securities, available-for-sale	`MarketableSecuritiesRealizedGainLoss`	$-119.00K	USD	3 Qtrs
Tax benefit from stock-based award activity	`TaxBenefitFromStockBasedAwardActivity`	-	USD	3 Qtrs
Tax benefit from stock-based award activity	`TaxBenefitFromStockBasedAwardActivity`	$157.00K	USD	3 Qtrs
Excess tax benefit from stock-based award activity	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$157.00K	USD	3 Qtrs
Excess tax benefit from stock-based award activity	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	-	USD	3 Qtrs
Other non-cash items	`OtherNoncashIncomeExpense`	$-359.00K	USD	3 Qtrs
Other non-cash items	`OtherNoncashIncomeExpense`	$46.00K	USD	3 Qtrs
Commissions receivable	`IncreaseDecreaseInCommissionsReceivable`	$-594.00K	USD	3 Qtrs
Commissions receivable	`IncreaseDecreaseInCommissionsReceivable`	$1.16M	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-555.00K	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-2.27M	USD	3 Qtrs
Prepaid rent	`IncreaseDecreaseInPrepaidRent`	$3.55M	USD	3 Qtrs
Prepaid rent	`IncreaseDecreaseInPrepaidRent`	$1.83M	USD	3 Qtrs
Asset held in rabbi trust	`IncreaseDecreaseAssetsInRabbiTrustAccount`	$700.00K	USD	3 Qtrs
Asset held in rabbi trust	`IncreaseDecreaseAssetsInRabbiTrustAccount`	$1.26M	USD	3 Qtrs
Other assets, net	`IncreaseDecreaseInOtherOperatingAssets`	$-1.54M	USD	3 Qtrs
Other assets, net	`IncreaseDecreaseInOtherOperatingAssets`	$12.78M	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.36M	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$309.00K	USD	3 Qtrs
Income tax receivable/payable	`IncreaseDecreaseInIncomeTaxesReceivablePayable`	$-2.48M	USD	3 Qtrs
Income tax receivable/payable	`IncreaseDecreaseInIncomeTaxesReceivablePayable`	$-8.23M	USD	3 Qtrs
Accrued bonuses and other employee related expenses	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-1.76M	USD	3 Qtrs
Accrued bonuses and other employee related expenses	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-10.49M	USD	3 Qtrs
Deferred compensation and commissions	`DeferredCompensationAndCommissionsIncreaseDecrease`	$-8.24M	USD	3 Qtrs
Deferred compensation and commissions	`DeferredCompensationAndCommissionsIncreaseDecrease`	$-16.76M	USD	3 Qtrs
Deferred rent obligation and other liabilities	`IncreaseDecreaseInDeferredRentCreditNoncurrentAndOtherNoncurrentObligations`	$476.00K	USD	3 Qtrs
Deferred rent obligation and other liabilities	`IncreaseDecreaseInDeferredRentCreditNoncurrentAndOtherNoncurrentObligations`	$416.00K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$41.52M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$25.34M	USD	3 Qtrs
Purchases of marketable securities, available-for-sale	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$37.56M	USD	3 Qtrs
Purchases of marketable securities, available-for-sale	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$97.31M	USD	3 Qtrs
Proceeds from sales and maturities of marketable securities, available-for-sale	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$90.48M	USD	3 Qtrs
Proceeds from sales and maturities of marketable securities, available-for-sale	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$14.95M	USD	3 Qtrs
Issuances of employee notes receivable	`PaymentsToAcquireNotesReceivable`	$381.00K	USD	3 Qtrs
Issuances of employee notes receivable	`PaymentsToAcquireNotesReceivable`	$432.00K	USD	3 Qtrs
Payments received on employee notes receivable	`ProceedsFromCollectionOfNotesReceivable`	$9.00K	USD	3 Qtrs
Payments received on employee notes receivable	`ProceedsFromCollectionOfNotesReceivable`	$3.00K	USD	3 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$10.00K	USD	3 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$25.00K	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.99M	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$7.05M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-28.01M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-14.24M	USD	3 Qtrs
Taxes paid related to net share settlement of stock-based awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.44M	USD	3 Qtrs
Taxes paid related to net share settlement of stock-based awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.13M	USD	3 Qtrs
Proceeds from issuance of shares pursuant to employee stock purchase plan	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans`	$392.00K	USD	3 Qtrs
Proceeds from issuance of shares pursuant to employee stock purchase plan	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans`	$402.00K	USD	3 Qtrs
Principal payments on notes payable to former stockholders	`RepaymentsOfNotesPayable`	$938.00K	USD	3 Qtrs
Principal payments on notes payable to former stockholders	`RepaymentsOfNotesPayable`	$986.00K	USD	3 Qtrs
Excess tax benefit from stock-based award activity	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	-	USD	3 Qtrs
Excess tax benefit from stock-based award activity	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$157.00K	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-1.51M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-2.04M	USD	3 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-4.71M	USD	3 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$25.77M	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$96.19M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$182.66M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$187.37M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$121.95M	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`	$121.95M	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`	$182.66M	USD	Point-in-time
Interest paid during the period	`InterestPaid`	$613.00K	USD	3 Qtrs
Interest paid during the period	`InterestPaid`	$1.90M	USD	3 Qtrs
Income taxes paid, net	`IncomeTaxesPaidNet`	$24.03M	USD	3 Qtrs
Income taxes paid, net	`IncomeTaxesPaidNet`	$23.55M	USD	3 Qtrs
Reduction of accrued bonuses and other employee related expenses in settlement of employee notes receivable	`ReductionOfAccruedBonusesAndOtherEmployeeRelatedExpensesInSettlementOfEmployeeNotesReceivable`	$199.00K	USD	3 Qtrs
Reduction of accrued bonuses and other employee related expenses in settlement of employee notes receivable	`ReductionOfAccruedBonusesAndOtherEmployeeRelatedExpensesInSettlementOfEmployeeNotesReceivable`	$243.00K	USD	3 Qtrs
Change in property and equipment included in accounts payable and accrued expenses	`NetChangeInAccountsPayableAndAccruedExpensesRelatedToPropertyAndEquipmentAdditions`	$203.00K	USD	3 Qtrs
Change in property and equipment included in accounts payable and accrued expenses	`NetChangeInAccountsPayableAndAccruedExpensesRelatedToPropertyAndEquipmentAdditions`	$-421.00K	USD	3 Qtrs

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$258.85M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$307.31M	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`	$48.56M	USD	3 Qtrs
Net and comprehensive income	`ComprehensiveIncomeNetOfTax`	$15.54M	USD	1 Quarter
Net and comprehensive income	`ComprehensiveIncomeNetOfTax`	$15.09M	USD	1 Quarter
Net and comprehensive income	`ComprehensiveIncomeNetOfTax`	$43.30M	USD	3 Qtrs
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$6.17M	USD	3 Qtrs
Shares issued pursuant to employee stock purchase plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$392.00K	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 stock-based awards, units	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.44M	USD	3 Qtrs
Ending Balance	`StockholdersEquity`	$258.85M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$307.31M	USD	Point-in-time

Comprehensive Income 8 line items

Line Item	Tag	Value	Unit	Period
Unrealized gains (losses) on marketable securities, tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$242.00K	USD	3 Qtrs
Unrealized gains (losses) on marketable securities, tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$-37.00K	USD	1 Quarter
Unrealized gains (losses) on marketable securities, tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$684.00K	USD	3 Qtrs
Unrealized gains (losses) on marketable securities, tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$66.00K	USD	1 Quarter
Foreign currency translation (loss) gain, tax	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	-	USD	3 Qtrs
Foreign currency translation (loss) gain, tax	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	-	USD	3 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.