10-Q Filing

MARCUS & MILLICHAP, INC. CIK: 1578732 Q3 2019

Filing Information

Form Type	10-Q
Accession Number	`0001193125-19-287779`
Period End Date	20190930
Filing Date	20191108
Fiscal Year	2019
Fiscal Period	Q3
XBRL Instance	d597783d10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 94 Income Statement 84 Cash Flow Statement 80 Stockholders Equity 36 Comprehensive Income 8

Balance Sheet 94 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`	$226.08M	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$214.68M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Commissions receivable	`CommissionsReceivableCurrent`	$6.32M	USD	Point-in-time
Commissions receivable	`CommissionsReceivableCurrent`	$4.95M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$7.90M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$9.33M	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
Income tax receivable	`IncomeTaxesReceivable`	-	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$7.79M	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`	39.13M	shares	Point-in-time
Marketable securities, available-for-sale	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$137.44M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	38.81M	shares	Point-in-time
Marketable securities, available-for-sale	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$124.47M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	39.13M	shares	Point-in-time
Other assets, net	`OtherAssetsCurrent`	$6.37M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	38.81M	shares	Point-in-time
Other assets, net	`OtherAssetsCurrent`	$12.35M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$386.34M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$371.34M	USD	Point-in-time
Prepaid rent	`LeaseholdImprovements`	-	USD	Point-in-time
Prepaid rent	`LeaseholdImprovements`	$13.89M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$21.61M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$19.55M	USD	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	-	USD	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$90.17M	USD	Point-in-time
Marketable securities, available-for-sale	`AvailableForSaleSecuritiesDebtSecuritiesNoncurrent`	$83.21M	USD	Point-in-time
Marketable securities, available-for-sale	`AvailableForSaleSecuritiesDebtSecuritiesNoncurrent`	$70.78M	USD	Point-in-time
Assets held in rabbi trust	`DeferredCompensationPlanAssets`	$9.10M	USD	Point-in-time
Assets held in rabbi trust	`DeferredCompensationPlanAssets`	$8.27M	USD	Point-in-time
Deferred tax assets, net	`DeferredTaxAssetsNetNoncurrent`	$18.51M	USD	Point-in-time
Deferred tax assets, net	`DeferredTaxAssetsNetNoncurrent`	$22.96M	USD	Point-in-time
Goodwill and other intangible assets, net	`IntangibleAssetsNetIncludingGoodwill`	$15.38M	USD	Point-in-time
Goodwill and other intangible assets, net	`IntangibleAssetsNetIncludingGoodwill`	$14.65M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$31.78M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$53.43M	USD	Point-in-time
Total assets	`Assets`	$664.59M	USD	Point-in-time
Total assets	`Assets`	$566.38M	USD	Point-in-time
Accounts payable and other liabilities	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$11.04M	USD	Point-in-time
Accounts payable and other liabilities	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$11.00M	USD	Point-in-time
Notes payable to former stockholders	`OtherNotesPayableCurrent`	$6.56M	USD	Point-in-time
Notes payable to former stockholders	`OtherNotesPayableCurrent`	$1.09M	USD	Point-in-time
Deferred compensation and commissions	`DeferredCompensationAndCommissionsCurrent`	$32.45M	USD	Point-in-time
Deferred compensation and commissions	`DeferredCompensationAndCommissionsCurrent`	$47.91M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$4.49M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	-	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	-	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$17.50M	USD	Point-in-time
Accrued bonuses and other employee related expenses	`EmployeeRelatedLiabilitiesCurrent`	$28.34M	USD	Point-in-time
Accrued bonuses and other employee related expenses	`EmployeeRelatedLiabilitiesCurrent`	$16.96M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$92.86M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$84.48M	USD	Point-in-time
Deferred compensation and commissions	`DeferredCompensationAndCommissionsNonCurrent`	$41.70M	USD	Point-in-time
Deferred compensation and commissions	`DeferredCompensationAndCommissionsNonCurrent`	$49.89M	USD	Point-in-time
Notes payable to former stockholders	`OtherLongTermNotesPayable`	$6.56M	USD	Point-in-time
Notes payable to former stockholders	`OtherLongTermNotesPayable`	-	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	-	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$64.32M	USD	Point-in-time
Deferred rent and other liabilities	`DeferredRentCreditNoncurrentAndOtherNoncurrentObligations`	$2.00M	USD	Point-in-time
Deferred rent and other liabilities	`DeferredRentCreditNoncurrentAndOtherNoncurrentObligations`	$7.50M	USD	Point-in-time
Total liabilities	`Liabilities`	$192.49M	USD	Point-in-time
Total liabilities	`Liabilities`	$156.81M	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, 2019 and December 31, 2018, 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, 2019 and December 31, 2018, respectively	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.0001 par value: Authorized shares 150,000,000; issued and outstanding shares 39,132,236 and 38,814,464 at September 30, 2019 and December 31, 2018, respectively	`CommonStockValue`	$4.00K	USD	Point-in-time
Common stock, $0.0001 par value: Authorized shares 150,000,000; issued and outstanding shares 39,132,236 and 38,814,464 at September 30, 2019 and December 31, 2018, respectively	`CommonStockValue`	$4.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$97.46M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$102.14M	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`	$367.55M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$311.34M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$2.41M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$775.00K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$314.89M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$409.57M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$358.90M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$382.69M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$450.51M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$472.10M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$566.38M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$664.59M	USD	Point-in-time

Income Statement 84 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$210.59M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$584.53M	USD	3 Qtrs
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$568.52M	USD	3 Qtrs
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$198.22M	USD	1 Quarter
Cost of services	`ServicesCost`	$354.41M	USD	3 Qtrs
Cost of services	`ServicesCost`	$124.15M	USD	1 Quarter
Cost of services	`ServicesCost`	$343.68M	USD	3 Qtrs
Cost of services	`ServicesCost`	$132.90M	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$48.09M	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$149.84M	USD	3 Qtrs
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$48.66M	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$145.79M	USD	3 Qtrs
Depreciation and amortization expense	`DepreciationAndAmortization`	$4.53M	USD	3 Qtrs
Depreciation and amortization expense	`DepreciationAndAmortization`	$1.91M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$1.65M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$5.67M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$174.15M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$499.20M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$183.21M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$504.74M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$27.38M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$69.32M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$79.80M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$24.07M	USD	1 Quarter
Other income (expense), net	`NonoperatingIncomeExpense`	$5.06M	USD	3 Qtrs
Other income (expense), net	`NonoperatingIncomeExpense`	$2.13M	USD	1 Quarter
Other income (expense), net	`NonoperatingIncomeExpense`	$2.57M	USD	1 Quarter
Other income (expense), net	`NonoperatingIncomeExpense`	$9.07M	USD	3 Qtrs
Interest expense	`InterestExpense`	$329.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$1.02M	USD	3 Qtrs
Interest expense	`InterestExpense`	$1.05M	USD	3 Qtrs
Interest expense	`InterestExpense`	$342.00K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$29.17M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$83.80M	USD	3 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$26.32M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$77.37M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$7.02M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$22.77M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$21.16M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$8.31M	USD	1 Quarter
Net income	`NetIncomeLoss`	$20.85M	USD	1 Quarter
Net income	`NetIncomeLoss`	$19.29M	USD	1 Quarter
Net income	`NetIncomeLoss`	$56.21M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$61.03M	USD	3 Qtrs
Change in unrealized gains (losses)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-779.00K	USD	3 Qtrs
Change in unrealized gains (losses)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$160.00K	USD	1 Quarter
Change in unrealized gains (losses)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-115.00K	USD	1 Quarter
Change in unrealized gains (losses)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$1.87M	USD	3 Qtrs
Less: reclassification adjustment for net (gains) losses included in other income (expense), net	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$23.00K	USD	1 Quarter
Less: reclassification adjustment for net (gains) losses included in other income (expense), net	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$41.00K	USD	3 Qtrs
Less: reclassification adjustment for net (gains) losses included in other income (expense), net	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$-8.00K	USD	3 Qtrs
Less: reclassification adjustment for net (gains) losses included in other income (expense), net	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	-	USD	1 Quarter
Net change, net of tax of $46, $(38), $617 and $(259) for the three and nine months ended September 30, 2019 and 2018, respectively	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-771.00K	USD	3 Qtrs
Net change, net of tax of $46, $(38), $617 and $(259) for the three and nine months ended September 30, 2019 and 2018, respectively	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-115.00K	USD	1 Quarter
Net change, net of tax of $46, $(38), $617 and $(259) for the three and nine months ended September 30, 2019 and 2018, respectively	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$1.83M	USD	3 Qtrs
Net change, net of tax of $46, $(38), $617 and $(259) for the three and nine months ended September 30, 2019 and 2018, respectively	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$137.00K	USD	1 Quarter
Foreign currency translation gain (loss), net of tax of $0 for each of the three and nine months ended September 30, 2019 and 2018	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-29.00K	USD	1 Quarter
Foreign currency translation gain (loss), net of tax of $0 for each of the three and nine months ended September 30, 2019 and 2018	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-200.00K	USD	3 Qtrs
Foreign currency translation gain (loss), net of tax of $0 for each of the three and nine months ended September 30, 2019 and 2018	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$44.00K	USD	3 Qtrs
Foreign currency translation gain (loss), net of tax of $0 for each of the three and nine months ended September 30, 2019 and 2018	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$114.00K	USD	1 Quarter
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-727.00K	USD	3 Qtrs
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$251.00K	USD	1 Quarter
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$1.63M	USD	3 Qtrs
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-144.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$19.54M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$57.84M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$20.71M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$60.30M	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.49	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$1.43	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$1.56	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.53	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$1.42	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$1.55	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.49	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.53	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	39.38M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	39.19M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	39.44M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	39.15M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	39.53M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	39.36M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	39.55M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	39.48M	shares	1 Quarter

Cash Flow Statement 80 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$56.21M	USD	3 Qtrs
Net income	`ProfitLoss`	$61.03M	USD	3 Qtrs
Depreciation and amortization expense	`DepreciationAndAmortization`	$4.53M	USD	3 Qtrs
Depreciation and amortization expense	`DepreciationAndAmortization`	$1.91M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$1.65M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$5.67M	USD	3 Qtrs
Amortization of right-of-use assets	`AmortizationOfRightOfUseAssets`	$15.43M	USD	3 Qtrs
Amortization of right-of-use assets	`AmortizationOfRightOfUseAssets`	-	USD	3 Qtrs
Provision of bad debt expense	`ProvisionForDoubtfulAccounts`	$52.00K	USD	3 Qtrs
Provision of bad debt expense	`ProvisionForDoubtfulAccounts`	$88.00K	USD	1 Quarter
Provision of bad debt expense	`ProvisionForDoubtfulAccounts`	$81.00K	USD	1 Quarter
Provision of bad debt expense	`ProvisionForDoubtfulAccounts`	$75.00K	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$7.04M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$8.92M	USD	3 Qtrs
Deferred taxes, net	`DeferredIncomeTaxExpenseBenefit`	$3.83M	USD	3 Qtrs
Deferred taxes, net	`DeferredIncomeTaxExpenseBenefit`	$-735.00K	USD	3 Qtrs
Net realized gains on marketable securities, available-for-sale	`MarketableSecuritiesRealizedGainLoss`	$70.00K	USD	3 Qtrs
Net realized gains on marketable securities, available-for-sale	`MarketableSecuritiesRealizedGainLoss`	$12.00K	USD	3 Qtrs
Other non-cash items	`OtherNoncashIncomeExpense`	$148.00K	USD	3 Qtrs
Other non-cash items	`OtherNoncashIncomeExpense`	$-489.00K	USD	3 Qtrs
Commissions receivable	`IncreaseDecreaseInCommissionsReceivable`	$-4.18M	USD	3 Qtrs
Commissions receivable	`IncreaseDecreaseInCommissionsReceivable`	$1.37M	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-3.15M	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$1.43M	USD	3 Qtrs
Prepaid rent	`IncreaseDecreaseInLeaseholdImprovements`	-	USD	3 Qtrs
Prepaid rent	`IncreaseDecreaseInLeaseholdImprovements`	$-875.00K	USD	3 Qtrs
Other assets, net	`IncreaseDecreaseInOtherOperatingAssets`	$9.07M	USD	3 Qtrs
Other assets, net	`IncreaseDecreaseInOtherOperatingAssets`	$31.30M	USD	3 Qtrs
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities`	$103.00K	USD	3 Qtrs
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities`	$-1.55M	USD	3 Qtrs
Income tax receivable/payable	`IncreaseDecreaseInIncomeTaxesReceivablePayable`	$-7.27M	USD	3 Qtrs
Income tax receivable/payable	`IncreaseDecreaseInIncomeTaxesReceivablePayable`	$12.27M	USD	3 Qtrs
Accrued bonuses and other employee related expenses	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-558.00K	USD	3 Qtrs
Accrued bonuses and other employee related expenses	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-11.31M	USD	3 Qtrs
Deferred compensation and commissions	`DeferredCompensationAndCommissionsIncreaseDecrease`	$-24.41M	USD	3 Qtrs
Deferred compensation and commissions	`DeferredCompensationAndCommissionsIncreaseDecrease`	$-23.74M	USD	3 Qtrs
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	-	USD	3 Qtrs
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$-12.72M	USD	3 Qtrs
Deferred rent and other liabilities	`IncreaseDecreaseInDeferredRentCreditNoncurrentAndOtherNoncurrentObligations`	$817.00K	USD	3 Qtrs
Deferred rent and other liabilities	`IncreaseDecreaseInDeferredRentCreditNoncurrentAndOtherNoncurrentObligations`	$-19.00K	USD	3 Qtrs
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-6.05M	USD	3 Qtrs
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$55.01M	USD	3 Qtrs
Acquisition, net of cash received	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$6.99M	USD	3 Qtrs
Acquisition, net of cash received	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	3 Qtrs
Purchases of marketable securities, available-for-sale	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$115.74M	USD	3 Qtrs
Purchases of marketable securities, available-for-sale	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$168.67M	USD	3 Qtrs
Proceeds from sales and maturities of marketable securities, available-for-sale	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$143.64M	USD	3 Qtrs
Proceeds from sales and maturities of marketable securities, available-for-sale	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$88.03M	USD	3 Qtrs
Issuances of employee notes receivable	`PaymentsToAcquireNotesReceivable`	$126.00K	USD	3 Qtrs
Issuances of employee notes receivable	`PaymentsToAcquireNotesReceivable`	$200.00K	USD	3 Qtrs
Payments received on employee notes receivable	`ProceedsFromCollectionOfNotesReceivable`	$28.00K	USD	3 Qtrs
Payments received on employee notes receivable	`ProceedsFromCollectionOfNotesReceivable`	$12.00K	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.64M	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.57M	USD	3 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$21.08M	USD	3 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-92.32M	USD	3 Qtrs
Taxes paid related to net share settlement of stock-based awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.78M	USD	3 Qtrs
Taxes paid related to net share settlement of stock-based awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$2.69M	USD	3 Qtrs
Proceeds from issuance of shares pursuant to employee stock purchase plan	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans`	$338.00K	USD	3 Qtrs
Proceeds from issuance of shares pursuant to employee stock purchase plan	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans`	$356.00K	USD	3 Qtrs
Principal payments on notes payable to former stockholders	`RepaymentsOfNotesPayable`	$1.03M	USD	3 Qtrs
Principal payments on notes payable to former stockholders	`RepaymentsOfNotesPayable`	$1.09M	USD	3 Qtrs
Principal payments on stock appreciation rights liability	`PrincipalPaymentsOnStockAppreciationRights`	-	USD	3 Qtrs
Principal payments on stock appreciation rights liability	`PrincipalPaymentsOnStockAppreciationRights`	$185.00K	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-3.63M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.46M	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$11.40M	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-39.77M	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$181.02M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$214.68M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$220.79M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$226.08M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$220.79M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$226.08M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$214.68M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$181.02M	USD	Point-in-time
Interest paid during the period	`InterestPaidNet`	$2.18M	USD	3 Qtrs
Interest paid during the period	`InterestPaidNet`	$2.09M	USD	3 Qtrs
Income taxes paid, net	`IncomeTaxesPaidNet`	$29.60M	USD	3 Qtrs
Income taxes paid, net	`IncomeTaxesPaidNet`	$16.24M	USD	3 Qtrs

Stockholders Equity 36 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$314.89M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$409.57M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$358.90M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$382.69M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$450.51M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$472.10M	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`	$60.30M	USD	3 Qtrs
Net and comprehensive income	`ComprehensiveIncomeNetOfTax`	$20.71M	USD	1 Quarter
Net and comprehensive income	`ComprehensiveIncomeNetOfTax`	$19.54M	USD	1 Quarter
Net and comprehensive income	`ComprehensiveIncomeNetOfTax`	$57.84M	USD	3 Qtrs
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$2.11M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$3.15M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$8.92M	USD	3 Qtrs
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$7.04M	USD	3 Qtrs
Shares issued pursuant to employee stock purchase plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	-	USD	1 Quarter
Shares issued pursuant to employee stock purchase plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$356.00K	USD	3 Qtrs
Shares issued pursuant to employee stock purchase plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$338.00K	USD	3 Qtrs
Issuance of common stock for vesting of restricted stock units	`StockIssuedDuringPeriodFairValueOfSharesRestrictedStockUnitsBeforeTaxSettlement`	-	USD	3 Qtrs
Issuance of common stock for vesting of restricted stock units	`StockIssuedDuringPeriodFairValueOfSharesRestrictedStockUnitsBeforeTaxSettlement`	-	USD	3 Qtrs
Issuance of common stock for vesting of restricted stock units	`StockIssuedDuringPeriodFairValueOfSharesRestrictedStockUnitsBeforeTaxSettlement`	-	USD	1 Quarter
Issuance of common stock for vesting of restricted stock units	`StockIssuedDuringPeriodFairValueOfSharesRestrictedStockUnitsBeforeTaxSettlement`	-	USD	1 Quarter
Issuance of common stock for unvested restricted stock awards	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	-	USD	1 Quarter
Issuance of common stock for unvested restricted stock awards	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	-	USD	3 Qtrs
Issuance of common stock for unvested restricted stock awards	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	-	USD	3 Qtrs
Shares withheld related to net share settlement of stock-based awards	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$63.00K	USD	1 Quarter
Shares withheld related to net share settlement of stock-based awards	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$70.00K	USD	1 Quarter
Shares withheld related to net share settlement of stock-based awards	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.78M	USD	3 Qtrs
Shares withheld related to net share settlement of stock-based awards	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$2.69M	USD	3 Qtrs
Ending Balance	`StockholdersEquity`	$450.51M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$314.89M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$409.57M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$358.90M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$382.69M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$472.10M	USD	Point-in-time

Comprehensive Income 8 line items

Line Item	Tag	Value	Unit	Period
Marketable securities net change, tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax`	$-38.00K	USD	1 Quarter
Marketable securities net change, tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax`	$46.00K	USD	1 Quarter
Marketable securities net change, tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax`	$617.00K	USD	3 Qtrs
Marketable securities net change, tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax`	$-259.00K	USD	3 Qtrs
Foreign currency translation (loss) gain, tax	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	-	USD	1 Quarter
Foreign currency translation (loss) gain, tax	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	-	USD	1 Quarter
Foreign currency translation (loss) gain, tax	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	-	USD	3 Qtrs
Foreign currency translation (loss) gain, tax	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	-	USD	3 Qtrs

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