10-Q Filing

MARCUS & MILLICHAP, INC. CIK: 1578732 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001193125-18-158196`
Period End Date	20180331
Filing Date	20180510
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	mmi-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 83 Income Statement 44 Cash Flow Statement 68 Stockholders Equity 11 Comprehensive Income 4

Balance Sheet 83 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`	$199.37M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$129.03M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$220.79M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$187.37M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Commissions receivable	`CommissionsReceivableCurrent`	$9.59M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Commissions receivable	`CommissionsReceivableCurrent`	$2.85M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$9.66M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$7.43M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	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
Income tax receivable	`IncomeTaxesReceivable`	$1.31M	USD	Point-in-time
Marketable securities, available-for-sale	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$94.83M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	38.58M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	38.37M	shares	Point-in-time
Marketable securities, available-for-sale	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$73.56M	USD	Point-in-time
Other assets, net	`OtherAssetsCurrent`	$4.62M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	38.37M	shares	Point-in-time
Other assets, net	`OtherAssetsCurrent`	$5.53M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	38.58M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$309.10M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$320.43M	USD	Point-in-time
Prepaid rent	`PrepaidRent`	$15.19M	USD	Point-in-time
Prepaid rent	`PrepaidRent`	$15.39M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$17.15M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$17.10M	USD	Point-in-time
Marketable securities, available-for-sale	`AvailableForSaleSecuritiesDebtSecuritiesNoncurrent`	$52.10M	USD	Point-in-time
Marketable securities, available-for-sale	`AvailableForSaleSecuritiesDebtSecuritiesNoncurrent`	$35.57M	USD	Point-in-time
Assets held in rabbi trust	`DeferredCompensationPlanAssets`	$8.76M	USD	Point-in-time
Assets held in rabbi trust	`DeferredCompensationPlanAssets`	$8.79M	USD	Point-in-time
Deferred tax assets, net	`DeferredTaxAssetsNetNoncurrent`	$22.64M	USD	Point-in-time
Deferred tax assets, net	`DeferredTaxAssetsNetNoncurrent`	$21.05M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$23.16M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$26.19M	USD	Point-in-time
Total assets	`Assets`	$432.97M	USD	Point-in-time
Total assets	`Assets`	$459.66M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$6.48M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$9.20M	USD	Point-in-time
Notes payable to former stockholders	`OtherNotesPayableCurrent`	$1.03M	USD	Point-in-time
Notes payable to former stockholders	`OtherNotesPayableCurrent`	$1.03M	USD	Point-in-time
Deferred compensation and commissions	`DeferredCompensationAndCommissionsCurrent`	$26.91M	USD	Point-in-time
Deferred compensation and commissions	`DeferredCompensationAndCommissionsCurrent`	$49.18M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$3.13M	USD	Point-in-time
Accrued bonuses and other employee related expenses	`EmployeeRelatedLiabilitiesCurrent`	$23.84M	USD	Point-in-time
Accrued bonuses and other employee related expenses	`EmployeeRelatedLiabilitiesCurrent`	$10.74M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$83.26M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$48.30M	USD	Point-in-time
Deferred compensation and commissions	`DeferredCompensationAndCommissionsNonCurrent`	$38.97M	USD	Point-in-time
Deferred compensation and commissions	`DeferredCompensationAndCommissionsNonCurrent`	$49.36M	USD	Point-in-time
Notes payable to former stockholders	`OtherLongTermNotesPayable`	$7.65M	USD	Point-in-time
Notes payable to former stockholders	`OtherLongTermNotesPayable`	$7.65M	USD	Point-in-time
Deferred rent and other liabilities	`DeferredRentCreditNoncurrentAndOtherNoncurrentObligations`	$4.64M	USD	Point-in-time
Deferred rent and other liabilities	`DeferredRentCreditNoncurrentAndOtherNoncurrentObligations`	$4.50M	USD	Point-in-time
Total liabilities	`Liabilities`	$99.56M	USD	Point-in-time
Total liabilities	`Liabilities`	$144.78M	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 March 31, 2018 and December 31, 2017, respectively	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.0001 par value: Authorized shares - 25,000,000; issued and outstanding shares - none at March 31, 2018 and December 31, 2017, respectively	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.0001 par value: Authorized shares - 150,000,000; issued and outstanding shares - 38,578,834 and 38,374,011 at March 31, 2018 and December 31, 2017, respectively	`CommonStockValue`	$4.00K	USD	Point-in-time
Common stock, $0.0001 par value: Authorized shares - 150,000,000; issued and outstanding shares - 38,578,834 and 38,374,011 at March 31, 2018 and December 31, 2017, respectively	`CommonStockValue`	$4.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$90.84M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$89.88M	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`	$242.09M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$224.07M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$940.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$474.00K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$333.41M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$314.89M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$432.97M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$459.66M	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
Real estate brokerage commissions	`RealEstateBrokerageCommissions`	$140.14M	USD	1 Quarter
Real estate brokerage commissions	`RealEstateBrokerageCommissions`	$162.53M	USD	1 Quarter
Financing fees	`FinancingFeesRevenue`	$9.72M	USD	1 Quarter
Financing fees	`FinancingFeesRevenue`	$10.05M	USD	1 Quarter
Other revenues	`FeesAndCommissionsOther`	$2.29M	USD	1 Quarter
Other revenues	`FeesAndCommissionsOther`	$3.02M	USD	1 Quarter
Total revenues	`Revenues`	$153.21M	USD	1 Quarter
Total revenues	`Revenues`	$174.54M	USD	1 Quarter
Cost of services	`CostOfServices`	$89.65M	USD	1 Quarter
Cost of services	`CostOfServices`	$101.65M	USD	1 Quarter
Selling, general, and administrative expense	`SellingGeneralAndAdministrativeExpense`	$48.05M	USD	1 Quarter
Selling, general, and administrative expense	`SellingGeneralAndAdministrativeExpense`	$43.22M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$1.38M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$1.30M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$134.16M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$151.08M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$19.05M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$23.46M	USD	1 Quarter
Other income (expense), net	`NonoperatingIncomeExpense`	$836.00K	USD	1 Quarter
Other income (expense), net	`NonoperatingIncomeExpense`	$1.21M	USD	1 Quarter
Interest expense	`InterestExpense`	$382.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$360.00K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$24.31M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$19.50M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$7.50M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$6.30M	USD	1 Quarter
Net income	`NetIncomeLoss`	$18.01M	USD	1 Quarter
Net income	`NetIncomeLoss`	$12.00M	USD	1 Quarter
Unrealized (losses) gains on marketable securities, net of tax of $(164) and $65 for the three months ended March 31, 2018 and 2017, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$47.00K	USD	1 Quarter
Unrealized (losses) gains on marketable securities, net of tax of $(164) and $65 for the three months ended March 31, 2018 and 2017, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-492.00K	USD	1 Quarter
Foreign currency translation gain (loss), net of tax of $0 for each of the three months ended March 31, 2018 and 2017	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-2.00K	USD	1 Quarter
Foreign currency translation gain (loss), net of tax of $0 for each of the three months ended March 31, 2018 and 2017	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$39.00K	USD	1 Quarter
Total other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$45.00K	USD	1 Quarter
Total other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$-453.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$12.04M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$17.56M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.31	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.46	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.31	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.46	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	38.95M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	39.09M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	39.25M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	39.11M	shares	1 Quarter

Cash Flow Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$18.01M	USD	1 Quarter
Net income	`NetIncomeLoss`	$12.00M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$1.38M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$1.30M	USD	1 Quarter
(Recovery) provision for bad debt expense	`RecoveryOfBadDebts`	$44.00K	USD	1 Quarter
(Recovery) provision for bad debt expense	`RecoveryOfBadDebts`	$106.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$1.87M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$2.61M	USD	1 Quarter
Deferred taxes, net	`DeferredIncomeTaxExpenseBenefit`	$1.18M	USD	1 Quarter
Deferred taxes, net	`DeferredIncomeTaxExpenseBenefit`	$1.75M	USD	1 Quarter
Other non-cash items	`OtherNoncashIncomeExpense`	$8.00K	USD	1 Quarter
Other non-cash items	`OtherNoncashIncomeExpense`	$-55.00K	USD	1 Quarter
Commissions receivable	`IncreaseDecreaseInCommissionsReceivable`	$-6.74M	USD	1 Quarter
Commissions receivable	`IncreaseDecreaseInCommissionsReceivable`	$-1.50M	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-2.23M	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-1.61M	USD	1 Quarter
Prepaid rent	`IncreaseDecreaseInPrepaidRent`	$1.31M	USD	1 Quarter
Prepaid rent	`IncreaseDecreaseInPrepaidRent`	$-199.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$2.11M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$8.73M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-2.68M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.38M	USD	1 Quarter
Income tax receivable (payable)	`IncreaseDecreaseInIncomeTaxesReceivablePayable`	$-4.44M	USD	1 Quarter
Income tax receivable (payable)	`IncreaseDecreaseInIncomeTaxesReceivablePayable`	$3.50M	USD	1 Quarter
Accrued bonuses and other employee related expenses	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-12.97M	USD	1 Quarter
Accrued bonuses and other employee related expenses	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-14.11M	USD	1 Quarter
Deferred compensation and commissions	`DeferredCompensationAndCommissionsIncreaseDecrease`	$-32.66M	USD	1 Quarter
Deferred compensation and commissions	`DeferredCompensationAndCommissionsIncreaseDecrease`	$-28.11M	USD	1 Quarter
Deferred rent obligation and other liabilities	`IncreaseDecreaseInDeferredRentCreditNoncurrentAndOtherNoncurrentObligations`	$654.00K	USD	1 Quarter
Deferred rent obligation and other liabilities	`IncreaseDecreaseInDeferredRentCreditNoncurrentAndOtherNoncurrentObligations`	$131.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-12.99M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-37.09M	USD	1 Quarter
Purchases of marketable securities, available-for-sale	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$23.01M	USD	1 Quarter
Purchases of marketable securities, available-for-sale	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$35.36M	USD	1 Quarter
Proceeds from sales and maturities of marketable securities, available-for-sale	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$4.74M	USD	1 Quarter
Proceeds from sales and maturities of marketable securities, available-for-sale	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$30.07M	USD	1 Quarter
Issuances of employee notes receivable	`PaymentsToAcquireNotesReceivable`	$125.00K	USD	1 Quarter
Issuances of employee notes receivable	`PaymentsToAcquireNotesReceivable`	$265.00K	USD	1 Quarter
Payments received on employee notes receivable	`ProceedsFromCollectionOfNotesReceivable`	$3.00K	USD	1 Quarter
Payments received on employee notes receivable	`ProceedsFromCollectionOfNotesReceivable`	$3.00K	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$10.00K	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.36M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.37M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-19.89M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-6.78M	USD	1 Quarter
Taxes paid related to net share settlement of stock-based awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.36M	USD	1 Quarter
Taxes paid related to net share settlement of stock-based awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.65M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-1.65M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-1.36M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-21.42M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-58.34M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$187.37M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$129.03M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$199.37M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$220.79M	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`	$129.03M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$199.37M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$220.79M	USD	Point-in-time
Interest paid during the period	`InterestPaid`	$1.55M	USD	1 Quarter
Interest paid during the period	`InterestPaid`	$15.00K	USD	1 Quarter
Income taxes paid, net	`IncomeTaxesPaidNet`	$113.00K	USD	1 Quarter
Income taxes paid, net	`IncomeTaxesPaidNet`	$9.82M	USD	1 Quarter
Reduction of accrued bonuses and other employee related expenses in settlement of employee notes receivable	`ReductionOfAccruedBonusesAndOtherEmployeeRelatedExpensesInSettlementOfEmployeeNotesReceivable`	$-131.00K	USD	1 Quarter
Reduction of accrued bonuses and other employee related expenses in settlement of employee notes receivable	`ReductionOfAccruedBonusesAndOtherEmployeeRelatedExpensesInSettlementOfEmployeeNotesReceivable`	$-235.00K	USD	1 Quarter
Change in property and equipment included in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedExpensesRelatedToPropertyAndEquipmentAdditions`	$142.00K	USD	1 Quarter
Change in property and equipment included in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedExpensesRelatedToPropertyAndEquipmentAdditions`	$38.00K	USD	1 Quarter

Stockholders Equity 11 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$333.41M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$314.89M	USD	Point-in-time
Cumulative effect of a change in accounting principle	`CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption`	-	USD	Point-in-time
Balance as adjusted	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1`	$314.89M	USD	Point-in-time
Net and comprehensive income	`ComprehensiveIncomeNetOfTax`	$12.04M	USD	1 Quarter
Net and comprehensive income	`ComprehensiveIncomeNetOfTax`	$17.56M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$2.61M	USD	1 Quarter
Issuance of common stock for vesting of restricted stock units	`StockIssuedDuringPeriodFairValueOfSharesRestrictedStockUnitsBeforeTaxSettlement`	-	USD	1 Quarter
Shares withheld related to net share settlement of stock-based awards, units	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.65M	USD	1 Quarter
Ending Balance	`StockholdersEquity`	$333.41M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$314.89M	USD	Point-in-time

Comprehensive Income 4 line items

Line Item	Tag	Value	Unit	Period
Unrealized gains (losses) on marketable securities, tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$-164.00K	USD	1 Quarter
Unrealized gains (losses) on marketable securities, tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$65.00K	USD	1 Quarter
Foreign currency translation gain (loss), tax	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	-	USD	1 Quarter
Foreign currency translation gain (loss), tax	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	-	USD	1 Quarter

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