10-Q Filing

MARCUS & MILLICHAP, INC. CIK: 1578732 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0001578732-23-000021`
Period End Date	20230331
Filing Date	20230505
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	mmi-20230331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 98 Income Statement 30 Cash Flow Statement 88 Stockholders Equity 17 Comprehensive Income 18

Balance Sheet 98 line items

Line Item	Tag	Value	Unit	Period
Amortized cost, current	`DebtSecuritiesAvailableForSaleAmortizedCostCurrent`	$254.68M	USD	Point-in-time
Amortized cost, current	`DebtSecuritiesAvailableForSaleAmortizedCostCurrent`	$133.18M	USD	Point-in-time
Allowance for credit losses, current	`DebtSecuritiesAvailableForSaleAllowanceForCreditLossCurrent`	-	USD	Point-in-time
Allowance for credit losses, current	`DebtSecuritiesAvailableForSaleAllowanceForCreditLossCurrent`	-	USD	Point-in-time
Amortized cost, noncurrent	`DebtSecuritiesAvailableForSaleAmortizedCostNoncurrent`	$72.82M	USD	Point-in-time
Cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$382.14M	USD	Point-in-time
Cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$315.69M	USD	Point-in-time
Amortized cost, noncurrent	`DebtSecuritiesAvailableForSaleAmortizedCostNoncurrent`	$73.82M	USD	Point-in-time
Cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$235.87M	USD	Point-in-time
Cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$228.03M	USD	Point-in-time
Commissions receivable	`CommissionsReceivableNetCurrent`	$9.78M	USD	Point-in-time
Allowance for credit losses, noncurrent	`DebtSecuritiesAvailableForSaleAllowanceForCreditLossNoncurrent`	-	USD	Point-in-time
Commissions receivable	`CommissionsReceivableNetCurrent`	$8.45M	USD	Point-in-time
Allowance for credit losses, noncurrent	`DebtSecuritiesAvailableForSaleAllowanceForCreditLossNoncurrent`	-	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$8.74M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$9.41M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	25.00M	shares	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$8.68M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	25.00M	shares	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$18.05M	USD	Point-in-time
Marketable debt securities, available-for-sale (includes amortized cost of $133,178 and $254,682 at March 31, 2023 and December 31, 2022, respectively, and $0 allowance for credit losses)	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$132.52M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Marketable debt securities, available-for-sale (includes amortized cost of $133,178 and $254,682 at March 31, 2023 and December 31, 2022, respectively, and $0 allowance for credit losses)	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$253.43M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Advances and loans, net	`AdvancesAndLoansNetCurrent`	$4.00M	USD	Point-in-time
Advances and loans, net	`AdvancesAndLoansNetCurrent`	$3.04M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Other assets, current	`OtherAssetsCurrent`	$5.05M	USD	Point-in-time
Other assets, current	`OtherAssetsCurrent`	$7.28M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$527.14M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	150.00M	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	150.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$405.22M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	39.26M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$27.64M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$28.22M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	38.88M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	39.26M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	38.88M	shares	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$87.94M	USD	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$107.89M	USD	Point-in-time
Marketable debt securities, available-for-sale (includes amortized cost of $73,823 and $72,819 at March 31, 2023 and December 31, 2022, respectively, and $0 allowance for credit losses)	`AvailableForSaleSecuritiesDebtSecuritiesNoncurrent`	$70.49M	USD	Point-in-time
Marketable debt securities, available-for-sale (includes amortized cost of $73,823 and $72,819 at March 31, 2023 and December 31, 2022, respectively, and $0 allowance for credit losses)	`AvailableForSaleSecuritiesDebtSecuritiesNoncurrent`	$68.59M	USD	Point-in-time
Assets held in rabbi trust	`DeferredCompensationPlanAssets`	$9.55M	USD	Point-in-time
Assets held in rabbi trust	`DeferredCompensationPlanAssets`	$9.95M	USD	Point-in-time
Deferred tax assets, net	`DeferredIncomeTaxAssetsNet`	$37.43M	USD	Point-in-time
Deferred tax assets, net	`DeferredIncomeTaxAssetsNet`	$41.32M	USD	Point-in-time
Goodwill and other intangible assets, net	`IntangibleAssetsNetIncludingGoodwill`	$54.55M	USD	Point-in-time
Goodwill and other intangible assets, net	`IntangibleAssetsNetIncludingGoodwill`	$55.70M	USD	Point-in-time
Advances and loans, net	`AdvancesAndLoansNetNonCurrent`	$169.96M	USD	Point-in-time
Advances and loans, net	`AdvancesAndLoansNetNonCurrent`	$179.44M	USD	Point-in-time
Other assets, non-current	`OtherAssetsNoncurrent`	$15.86M	USD	Point-in-time
Other assets, non-current	`OtherAssetsNoncurrent`	$17.29M	USD	Point-in-time
Total assets	`Assets`	$1.00B	USD	Point-in-time
Total assets	`Assets`	$910.49M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$11.45M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$12.39M	USD	Point-in-time
Deferred compensation and commissions	`DeferredCompensationAndCommissionsCurrent`	$75.32M	USD	Point-in-time
Deferred compensation and commissions	`DeferredCompensationAndCommissionsCurrent`	$46.25M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$16.91M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$16.98M	USD	Point-in-time
Accrued bonuses and other employee related expenses	`EmployeeRelatedLiabilitiesCurrent`	$6.58M	USD	Point-in-time
Accrued bonuses and other employee related expenses	`EmployeeRelatedLiabilitiesCurrent`	$38.33M	USD	Point-in-time
Other liabilities, current	`OtherLiabilitiesCurrent`	$20.78M	USD	Point-in-time
Other liabilities, current	`OtherLiabilitiesCurrent`	$9.93M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$102.92M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$152.01M	USD	Point-in-time
Deferred compensation and commissions	`DeferredCompensationAndCommissionsNonCurrent`	$34.42M	USD	Point-in-time
Deferred compensation and commissions	`DeferredCompensationAndCommissionsNonCurrent`	$64.46M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$82.77M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$65.11M	USD	Point-in-time
Other liabilities, non-current	`OtherLiabilitiesNoncurrent`	$8.23M	USD	Point-in-time
Other liabilities, non-current	`OtherLiabilitiesNoncurrent`	$8.61M	USD	Point-in-time
Total liabilities	`Liabilities`	$290.20M	USD	Point-in-time
Total liabilities	`Liabilities`	$228.33M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock	`PreferredStockValue`	-	USD	Point-in-time
Common stock	`CommonStockValue`	$4.00K	USD	Point-in-time
Common stock	`CommonStockValue`	$4.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$131.54M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$132.91M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$585.58M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$551.70M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-2.45M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-3.62M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$713.51M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$696.30M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$682.16M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$675.39M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.00B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$910.49M	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$154.79M	USD	1 Quarter
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$319.46M	USD	1 Quarter
Cost of services	`ServicesCost`	$95.43M	USD	1 Quarter
Cost of services	`ServicesCost`	$196.77M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$72.22M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$74.53M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$3.21M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$3.91M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$170.85M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$275.21M	USD	1 Quarter
Operating (loss) income	`OperatingIncomeLoss`	$-16.06M	USD	1 Quarter
Operating (loss) income	`OperatingIncomeLoss`	$44.25M	USD	1 Quarter
Other income, net	`NonoperatingIncomeExpense`	$450.00K	USD	1 Quarter
Other income, net	`NonoperatingIncomeExpense`	$4.81M	USD	1 Quarter
Interest expense	`InterestExpense`	$215.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$160.00K	USD	1 Quarter
(Loss) income before (benefit) provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-11.47M	USD	1 Quarter
(Loss) income before (benefit) provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$44.54M	USD	1 Quarter
(Benefit) provision for income taxes	`IncomeTaxExpenseBenefit`	$11.76M	USD	1 Quarter
(Benefit) provision for income taxes	`IncomeTaxExpenseBenefit`	$-5.63M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-5.83M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$32.78M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.82	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.15	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.15	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.81	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	39.99M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	39.20M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	39.20M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	40.47M	shares	1 Quarter

Cash Flow Statement 88 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`ProfitLoss`	$-5.83M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$32.78M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$3.21M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$3.91M	USD	1 Quarter
Noncash lease expense	`NoncashLeaseExpense`	$6.00M	USD	1 Quarter
Noncash lease expense	`NoncashLeaseExpense`	$5.96M	USD	1 Quarter
Credit loss recovery	`CreditLossExpenseReversal`	$-167.00K	USD	1 Quarter
Credit loss recovery	`CreditLossExpenseReversal`	$-1.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$3.86M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$5.01M	USD	1 Quarter
Deferred taxes, net	`DeferredIncomeTaxExpenseBenefit`	$1.10M	USD	1 Quarter
Deferred taxes, net	`DeferredIncomeTaxExpenseBenefit`	$3.53M	USD	1 Quarter
Unrealized foreign exchange losses (gains)	`ForeignCurrencyTransactionGainLossUnrealized`	$-65.00K	USD	1 Quarter
Unrealized foreign exchange losses (gains)	`ForeignCurrencyTransactionGainLossUnrealized`	$151.00K	USD	1 Quarter
Net realized gains on marketable debt securities, available-for-sale	`DebtSecuritiesAvailableForSaleRealizedGainLoss`	$113.00K	USD	1 Quarter
Net realized gains on marketable debt securities, available-for-sale	`DebtSecuritiesAvailableForSaleRealizedGainLoss`	-	USD	1 Quarter
Other non-cash items	`OtherNoncashIncomeExpense`	$-11.00K	USD	1 Quarter
Other non-cash items	`OtherNoncashIncomeExpense`	$-52.00K	USD	1 Quarter
Commissions receivable	`IncreaseDecreaseInCommissionsReceivable`	$-3.43M	USD	1 Quarter
Commissions receivable	`IncreaseDecreaseInCommissionsReceivable`	$1.32M	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-2.85M	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-671.00K	USD	1 Quarter
Advances and loans	`IncreaseDecreaseInAdvancesAndLoans`	$8.27M	USD	1 Quarter
Advances and loans	`IncreaseDecreaseInAdvancesAndLoans`	$25.08M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$2.96M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$794.00K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$2.39M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.31M	USD	1 Quarter
Income tax receivable and payable	`IncreaseDecreaseInIncomeTaxesReceivablePayable`	$9.37M	USD	1 Quarter
Income tax receivable and payable	`IncreaseDecreaseInIncomeTaxesReceivablePayable`	$-10.19M	USD	1 Quarter
Accrued bonuses and other employee related expenses	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-31.75M	USD	1 Quarter
Accrued bonuses and other employee related expenses	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-33.99M	USD	1 Quarter
Deferred compensation and commissions	`DeferredCompensationAndCommissionsIncreaseDecrease`	$-65.38M	USD	1 Quarter
Deferred compensation and commissions	`DeferredCompensationAndCommissionsIncreaseDecrease`	$-57.60M	USD	1 Quarter
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$-5.03M	USD	1 Quarter
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$-4.57M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-454.00K	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-2.22M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-101.21M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-67.53M	USD	1 Quarter
Acquisition of businesses, net of cash received	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$12.50M	USD	1 Quarter
Acquisition of businesses, net of cash received	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	1 Quarter
Purchases of marketable debt securities, available-for-sale	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$67.04M	USD	1 Quarter
Purchases of marketable debt securities, available-for-sale	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$40.55M	USD	1 Quarter
Proceeds from sales and maturities of marketable debt securities, available-for-sale	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$187.26M	USD	1 Quarter
Proceeds from sales and maturities of marketable debt securities, available-for-sale	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$61.97M	USD	1 Quarter
Issuances of employee notes receivable	`PaymentsToAcquireNotesReceivable`	$71.00K	USD	1 Quarter
Issuances of employee notes receivable	`PaymentsToAcquireNotesReceivable`	$10.00K	USD	1 Quarter
Payments received on employee notes receivable	`ProceedsFromCollectionOfNotesReceivable`	$13.00K	USD	1 Quarter
Payments received on employee notes receivable	`ProceedsFromCollectionOfNotesReceivable`	$18.00K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.86M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.88M	USD	1 Quarter
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$117.36M	USD	1 Quarter
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$6.98M	USD	1 Quarter
Taxes paid related to net share settlement of stock-based awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$2.92M	USD	1 Quarter
Taxes paid related to net share settlement of stock-based awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$3.65M	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	-	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$441.00K	USD	1 Quarter
Principal payments on stock appreciation rights liability	`PaymentsOnStockAppreciationRights`	$1.95M	USD	1 Quarter
Principal payments on stock appreciation rights liability	`PaymentsOnStockAppreciationRights`	$1.76M	USD	1 Quarter
Principal payments on deferred and contingent consideration	`PrincipalPaymentsOnDeferredAndContingentConsideration`	$1.28M	USD	1 Quarter
Principal payments on deferred and contingent consideration	`PrincipalPaymentsOnDeferredAndContingentConsideration`	$1.26M	USD	1 Quarter
Cash paid for stock repurchases	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Cash paid for stock repurchases	`PaymentsForRepurchaseOfCommonStock`	$16.70M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-5.94M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-24.02M	USD	1 Quarter
Effect of currency exchange rate changes on cash, cash equivalents, and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$19.00K	USD	1 Quarter
Effect of currency exchange rate changes on cash, cash equivalents, and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$50.00K	USD	1 Quarter
Net decrease in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-7.85M	USD	1 Quarter
Net decrease in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-66.44M	USD	1 Quarter
Cash, cash equivalents, and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$382.14M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$315.69M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$235.87M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$228.03M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$228.03M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$235.87M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$315.69M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$382.14M	USD	Point-in-time
Interest paid during the period	`InterestPaidNet`	$393.00K	USD	1 Quarter
Interest paid during the period	`InterestPaidNet`	$499.00K	USD	1 Quarter
Income taxes paid, net	`IncomeTaxesPaidNet`	$464.00K	USD	1 Quarter
Income taxes paid, net	`IncomeTaxesPaidNet`	$209.00K	USD	1 Quarter
Unpaid purchases of property and equipment	`CapitalExpendituresIncurredButNotYetPaid`	$510.00K	USD	1 Quarter
Unpaid purchases of property and equipment	`CapitalExpendituresIncurredButNotYetPaid`	$406.00K	USD	1 Quarter
Right-of-use assets obtained in exchange for operating lease liabilities	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$25.91M	USD	1 Quarter
Right-of-use assets obtained in exchange for operating lease liabilities	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$7.77M	USD	1 Quarter
Measurement period adjustment of acquisition related contingent consideration	`MeasurementPeriodAdjustmentOfAcquisitionRelatedContingentConsideration`	$66.00K	USD	1 Quarter
Measurement period adjustment of acquisition related contingent consideration	`MeasurementPeriodAdjustmentOfAcquisitionRelatedContingentConsideration`	-	USD	1 Quarter

Stockholders Equity 17 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$713.51M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$696.30M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$682.16M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$675.39M	USD	Point-in-time
Net and comprehensive (loss) income	`ComprehensiveIncomeNetOfTax`	$30.28M	USD	1 Quarter
Net and comprehensive (loss) income	`ComprehensiveIncomeNetOfTax`	$-4.66M	USD	1 Quarter
Dividend	`DividendsCommonStock`	$10.28M	USD	1 Quarter
Dividend	`DividendsCommonStock`	$52.14M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$5.01M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$3.86M	USD	1 Quarter
Shares withheld related to net share settlement of stock-based awards	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$3.65M	USD	1 Quarter
Shares withheld related to net share settlement of stock-based awards	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$2.92M	USD	1 Quarter
Repurchases of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$17.77M	USD	1 Quarter
Ending Balance	`StockholdersEquity`	$713.51M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$696.30M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$682.16M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$675.39M	USD	Point-in-time

Comprehensive Income 18 line items

Line Item	Tag	Value	Unit	Period
Marketable debt securities, available-for-sale, net change, tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax`	$366.00K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-5.83M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$32.78M	USD	1 Quarter
Marketable debt securities, available-for-sale, net change, tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax`	$-838.00K	USD	1 Quarter
Foreign currency translation loss, tax	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	-	USD	1 Quarter
Foreign currency translation loss, tax	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	-	USD	1 Quarter
Change in net unrealized gains (losses)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$1.12M	USD	1 Quarter
Change in net unrealized gains (losses)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-2.36M	USD	1 Quarter
Less: reclassification adjustment for net losses (gains) included in other income, net	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$84.00K	USD	1 Quarter
Less: reclassification adjustment for net losses (gains) included in other income, net	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	-	USD	1 Quarter
Net change, net of tax of $366 and $(838) for the three months ended March 31, 2023, and 2022, respectively	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-2.44M	USD	1 Quarter
Net change, net of tax of $366 and $(838) for the three months ended March 31, 2023, and 2022, respectively	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$1.12M	USD	1 Quarter
Foreign currency translation gain (loss), net of tax of $0 for each of the three months ended March 31, 2023 and 2022, respectively	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-59.00K	USD	1 Quarter
Foreign currency translation gain (loss), net of tax of $0 for each of the three months ended March 31, 2023 and 2022, respectively	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$54.00K	USD	1 Quarter
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$1.17M	USD	1 Quarter
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-2.50M	USD	1 Quarter
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTax`	$30.28M	USD	1 Quarter
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTax`	$-4.66M	USD	1 Quarter

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