10-Q Filing

MARCUS & MILLICHAP, INC. CIK: 1578732 Q2 2023

Filing Information

Form Type	10-Q
Accession Number	`0001578732-23-000030`
Period End Date	20230630
Filing Date	20230804
Fiscal Year	2023
Fiscal Period	Q2
XBRL Instance	mmi-20230630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 100 Income Statement 60 Cash Flow Statement 94 Stockholders Equity 36 Comprehensive Income 36

Balance Sheet 100 line items

Line Item	Tag	Value	Unit	Period
Amortized cost, current	`DebtSecuritiesAvailableForSaleAmortizedCostCurrent`	$165.47M	USD	Point-in-time
Amortized cost, current	`DebtSecuritiesAvailableForSaleAmortizedCostCurrent`	$254.68M	USD	Point-in-time
Allowance for credit losses, current	`DebtSecuritiesAvailableForSaleAllowanceForCreditLossCurrent`	-	USD	Point-in-time
Allowance for credit losses, current	`DebtSecuritiesAvailableForSaleAllowanceForCreditLossCurrent`	-	USD	Point-in-time
Cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$382.14M	USD	Point-in-time
Cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$171.22M	USD	Point-in-time
Cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$235.87M	USD	Point-in-time
Cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$211.65M	USD	Point-in-time
Amortized cost, noncurrent	`DebtSecuritiesAvailableForSaleAmortizedCostNoncurrent`	$74.76M	USD	Point-in-time
Amortized cost, noncurrent	`DebtSecuritiesAvailableForSaleAmortizedCostNoncurrent`	$72.82M	USD	Point-in-time
Allowance for credit losses, noncurrent	`DebtSecuritiesAvailableForSaleAllowanceForCreditLossNoncurrent`	-	USD	Point-in-time
Commissions receivable	`CommissionsReceivableNetCurrent`	$9.95M	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`	$8.87M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$9.41M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$17.49M	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
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Marketable debt securities, available-for-sale (amortized cost of $165,471 and $254,682 at June 30, 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
Marketable debt securities, available-for-sale (amortized cost of $165,471 and $254,682 at June 30, 2023 and December 31, 2022, respectively, and $0 allowance for credit losses)	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$164.86M	USD	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
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Advances and loans, net	`AdvancesAndLoansNetCurrent`	$3.50M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	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
Other assets, current	`OtherAssetsCurrent`	$5.85M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$381.74M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	150.00M	shares	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 issued (in shares)	`CommonStockSharesIssued`	38.46M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$27.64M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$28.46M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	39.26M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	38.46M	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`	$102.74M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	39.26M	shares	Point-in-time
Marketable debt securities, available-for-sale (amortized cost of $74,758 and $72,819 at June 30, 2023 and December 31, 2022, respectively, and $0 allowance for credit losses)	`AvailableForSaleSecuritiesDebtSecuritiesNoncurrent`	$68.59M	USD	Point-in-time
Marketable debt securities, available-for-sale (amortized cost of $74,758 and $72,819 at June 30, 2023 and December 31, 2022, respectively, and $0 allowance for credit losses)	`AvailableForSaleSecuritiesDebtSecuritiesNoncurrent`	$70.71M	USD	Point-in-time
Assets held in rabbi trust	`DeferredCompensationPlanAssets`	$10.37M	USD	Point-in-time
Assets held in rabbi trust	`DeferredCompensationPlanAssets`	$9.55M	USD	Point-in-time
Deferred tax assets, net	`DeferredIncomeTaxAssetsNet`	$41.32M	USD	Point-in-time
Deferred tax assets, net	`DeferredIncomeTaxAssetsNet`	$35.93M	USD	Point-in-time
Goodwill and other intangible assets, net	`IntangibleAssetsNetIncludingGoodwill`	$55.70M	USD	Point-in-time
Goodwill and other intangible assets, net	`IntangibleAssetsNetIncludingGoodwill`	$53.52M	USD	Point-in-time
Advances and loans, net	`AdvancesAndLoansNetNonCurrent`	$181.94M	USD	Point-in-time
Advances and loans, net	`AdvancesAndLoansNetNonCurrent`	$169.96M	USD	Point-in-time
Other assets, non-current	`OtherAssetsNoncurrent`	$18.09M	USD	Point-in-time
Other assets, non-current	`OtherAssetsNoncurrent`	$15.86M	USD	Point-in-time
Total assets	`Assets`	$1.00B	USD	Point-in-time
Total assets	`Assets`	$883.51M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$11.45M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$11.89M	USD	Point-in-time
Deferred compensation and commissions	`DeferredCompensationAndCommissionsCurrent`	$75.32M	USD	Point-in-time
Deferred compensation and commissions	`DeferredCompensationAndCommissionsCurrent`	$43.35M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$17.84M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$16.98M	USD	Point-in-time
Accrued bonuses and other employee related expenses	`EmployeeRelatedLiabilitiesCurrent`	$11.09M	USD	Point-in-time
Accrued bonuses and other employee related expenses	`EmployeeRelatedLiabilitiesCurrent`	$38.33M	USD	Point-in-time
Other liabilities, current	`OtherLiabilitiesCurrent`	$9.93M	USD	Point-in-time
Other liabilities, current	`OtherLiabilitiesCurrent`	$4.90M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$152.01M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$89.07M	USD	Point-in-time
Deferred compensation and commissions	`DeferredCompensationAndCommissionsNonCurrent`	$41.30M	USD	Point-in-time
Deferred compensation and commissions	`DeferredCompensationAndCommissionsNonCurrent`	$64.46M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$78.71M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$65.11M	USD	Point-in-time
Other liabilities, non-current	`OtherLiabilitiesNoncurrent`	$8.61M	USD	Point-in-time
Other liabilities, non-current	`OtherLiabilitiesNoncurrent`	$10.52M	USD	Point-in-time
Total liabilities	`Liabilities`	$290.20M	USD	Point-in-time
Total liabilities	`Liabilities`	$219.59M	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`	$140.14M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$585.58M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$526.37M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-2.60M	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`	$717.17M	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`	$663.92M	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`	$883.51M	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$395.96M	USD	1 Quarter
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$715.42M	USD	2 Qtrs
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$162.87M	USD	1 Quarter
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$317.66M	USD	2 Qtrs
Cost of services	`ServicesCost`	$101.16M	USD	1 Quarter
Cost of services	`ServicesCost`	$452.81M	USD	2 Qtrs
Cost of services	`ServicesCost`	$196.59M	USD	2 Qtrs
Cost of services	`ServicesCost`	$256.04M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$79.84M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$68.91M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$154.38M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$141.13M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$3.33M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$3.47M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$7.24M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$6.67M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$344.39M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$614.43M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$173.54M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$339.21M	USD	1 Quarter
Operating (loss) income	`OperatingIncomeLoss`	$56.74M	USD	1 Quarter
Operating (loss) income	`OperatingIncomeLoss`	$100.99M	USD	2 Qtrs
Operating (loss) income	`OperatingIncomeLoss`	$-10.68M	USD	1 Quarter
Operating (loss) income	`OperatingIncomeLoss`	$-26.74M	USD	2 Qtrs
Other income (expense), net	`NonoperatingIncomeExpense`	$-461.00K	USD	1 Quarter
Other income (expense), net	`NonoperatingIncomeExpense`	$-11.00K	USD	2 Qtrs
Other income (expense), net	`NonoperatingIncomeExpense`	$4.89M	USD	1 Quarter
Other income (expense), net	`NonoperatingIncomeExpense`	$9.70M	USD	2 Qtrs
Interest expense	`InterestExpense`	$158.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$216.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$318.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	$431.00K	USD	2 Qtrs
(Loss) income before provision (benefit) for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$56.12M	USD	1 Quarter
(Loss) income before provision (benefit) for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-6.00M	USD	1 Quarter
(Loss) income before provision (benefit) for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$100.66M	USD	2 Qtrs
(Loss) income before provision (benefit) for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-17.47M	USD	2 Qtrs
Provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	$-2.90M	USD	2 Qtrs
Provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	$2.73M	USD	1 Quarter
Provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	$13.96M	USD	1 Quarter
Provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	$25.71M	USD	2 Qtrs
Net (loss) income	`NetIncomeLoss`	$-8.73M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$74.95M	USD	2 Qtrs
Net (loss) income	`NetIncomeLoss`	$-14.56M	USD	2 Qtrs
Net (loss) income	`NetIncomeLoss`	$42.17M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.05	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.37	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.87	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.23	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.23	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.37	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.85	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.04	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	38.54M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	38.87M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	40.02M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	40.05M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	38.54M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	40.39M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	40.34M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	38.87M	shares	2 Qtrs

Cash Flow Statement 94 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`ProfitLoss`	$-14.56M	USD	2 Qtrs
Net (loss) income	`ProfitLoss`	$74.95M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$7.24M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$6.67M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$3.47M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$3.33M	USD	1 Quarter
Non-cash lease expense	`NoncashLeaseExpense`	$12.93M	USD	2 Qtrs
Non-cash lease expense	`NoncashLeaseExpense`	$11.94M	USD	2 Qtrs
Credit loss expense (recovery)	`CreditLossExpenseReversal`	$-28.00K	USD	2 Qtrs
Credit loss expense (recovery)	`CreditLossExpenseReversal`	$634.00K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$10.36M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$8.13M	USD	2 Qtrs
Deferred taxes, net	`DeferredIncomeTaxExpenseBenefit`	$-130.00K	USD	2 Qtrs
Deferred taxes, net	`DeferredIncomeTaxExpenseBenefit`	$5.19M	USD	2 Qtrs
Unrealized foreign exchange losses (gains)	`ForeignCurrencyTransactionGainLossUnrealized`	$56.00K	USD	2 Qtrs
Unrealized foreign exchange losses (gains)	`ForeignCurrencyTransactionGainLossUnrealized`	$-403.00K	USD	2 Qtrs
Net realized losses (gains) on marketable debt securities, available-for-sale	`DebtSecuritiesAvailableForSaleRealizedGainLoss`	$-23.00K	USD	2 Qtrs
Net realized losses (gains) on marketable debt securities, available-for-sale	`DebtSecuritiesAvailableForSaleRealizedGainLoss`	$96.00K	USD	2 Qtrs
Other non-cash items	`OtherNoncashIncomeExpense`	$22.00K	USD	2 Qtrs
Other non-cash items	`OtherNoncashIncomeExpense`	$560.00K	USD	2 Qtrs
Commissions receivable	`IncreaseDecreaseInCommissionsReceivable`	$1.40M	USD	2 Qtrs
Commissions receivable	`IncreaseDecreaseInCommissionsReceivable`	$-2.92M	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-540.00K	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-3.18M	USD	2 Qtrs
Advances and loans	`IncreaseDecreaseInAdvancesAndLoans`	$48.54M	USD	2 Qtrs
Advances and loans	`IncreaseDecreaseInAdvancesAndLoans`	$12.04M	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$2.82M	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$4.98M	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-2.68M	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$672.00K	USD	2 Qtrs
Income tax receivable and payable	`IncreaseDecreaseInIncomeTaxesReceivablePayable`	$15.01M	USD	2 Qtrs
Income tax receivable and payable	`IncreaseDecreaseInIncomeTaxesReceivablePayable`	$8.81M	USD	2 Qtrs
Accrued bonuses and other employee related expenses	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-19.26M	USD	2 Qtrs
Accrued bonuses and other employee related expenses	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-27.24M	USD	2 Qtrs
Deferred compensation and commissions	`DeferredCompensationAndCommissionsIncreaseDecrease`	$-61.05M	USD	2 Qtrs
Deferred compensation and commissions	`DeferredCompensationAndCommissionsIncreaseDecrease`	$-54.15M	USD	2 Qtrs
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$-8.85M	USD	2 Qtrs
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$-9.76M	USD	2 Qtrs
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$859.00K	USD	2 Qtrs
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-1.22M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-51.84M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-94.78M	USD	2 Qtrs
Acquisition of businesses, net of cash received	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	2 Qtrs
Acquisition of businesses, net of cash received	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$12.50M	USD	2 Qtrs
Purchases of marketable debt securities, available-for-sale	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$174.26M	USD	2 Qtrs
Purchases of marketable debt securities, available-for-sale	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$142.87M	USD	2 Qtrs
Proceeds from sales and maturities of marketable debt securities, available-for-sale	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$230.79M	USD	2 Qtrs
Proceeds from sales and maturities of marketable debt securities, available-for-sale	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$135.21M	USD	2 Qtrs
Issuances of employee notes receivable	`PaymentsToAcquireNotesReceivable`	$71.00K	USD	2 Qtrs
Issuances of employee notes receivable	`PaymentsToAcquireNotesReceivable`	$119.00K	USD	2 Qtrs
Payments received on employee notes receivable	`ProceedsFromCollectionOfNotesReceivable`	$71.00K	USD	2 Qtrs
Payments received on employee notes receivable	`ProceedsFromCollectionOfNotesReceivable`	$33.00K	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.47M	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.02M	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$82.37M	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-56.58M	USD	2 Qtrs
Taxes paid related to net share settlement of stock-based awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$3.99M	USD	2 Qtrs
Taxes paid related to net share settlement of stock-based awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$8.04M	USD	2 Qtrs
Proceeds from issuance of shares pursuant to employee stock purchase plan	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans`	$414.00K	USD	2 Qtrs
Proceeds from issuance of shares pursuant to employee stock purchase plan	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans`	$392.00K	USD	2 Qtrs
Dividends paid	`PaymentsOfDividends`	$50.08M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividends`	$10.33M	USD	2 Qtrs
Principal payments on stock appreciation rights liability	`PaymentsOnStockAppreciationRights`	$1.76M	USD	2 Qtrs
Principal payments on stock appreciation rights liability	`PaymentsOnStockAppreciationRights`	$1.95M	USD	2 Qtrs
Principal payments on deferred and contingent consideration	`PrincipalPaymentsOnDeferredAndContingentConsideration`	$1.58M	USD	2 Qtrs
Principal payments on deferred and contingent consideration	`PrincipalPaymentsOnDeferredAndContingentConsideration`	$2.43M	USD	2 Qtrs
Cash paid for stock repurchases	`PaymentsForRepurchaseOfCommonStock`	-	USD	2 Qtrs
Cash paid for stock repurchases	`PaymentsForRepurchaseOfCommonStock`	$34.93M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-52.37M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-61.90M	USD	2 Qtrs
Effect of currency exchange rate changes on cash, cash equivalents, and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-175.00K	USD	2 Qtrs
Effect of currency exchange rate changes on cash, cash equivalents, and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$121.00K	USD	2 Qtrs
Net decrease in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-170.49M	USD	2 Qtrs
Net decrease in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-64.65M	USD	2 Qtrs
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`	$171.22M	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`	$211.65M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$382.14M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$171.22M	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`	$211.65M	USD	Point-in-time
Interest paid during the period	`InterestPaidNet`	$408.00K	USD	2 Qtrs
Interest paid during the period	`InterestPaidNet`	$514.00K	USD	2 Qtrs
Income taxes paid, net	`IncomeTaxesPaidNet`	$40.05M	USD	2 Qtrs
Income taxes paid, net	`IncomeTaxesPaidNet`	$714.00K	USD	2 Qtrs
Unpaid purchases of property and equipment	`CapitalExpendituresIncurredButNotYetPaid`	$1.20M	USD	2 Qtrs
Unpaid purchases of property and equipment	`CapitalExpendituresIncurredButNotYetPaid`	$382.00K	USD	2 Qtrs
Right-of-use assets obtained in exchange for operating lease liabilities	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$27.59M	USD	2 Qtrs
Right-of-use assets obtained in exchange for operating lease liabilities	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$15.17M	USD	2 Qtrs
Issuance of stock for the settlement of deferred consideration	`StockIssuedDuringPeriodValueAcquisitions`	$1.83M	USD	2 Qtrs
Issuance of stock for the settlement of deferred consideration	`StockIssuedDuringPeriodValueAcquisitions`	$1.42M	USD	2 Qtrs
Issuance of stock for the settlement of deferred consideration	`StockIssuedDuringPeriodValueAcquisitions`	$1.83M	USD	1 Quarter
Issuance of stock for the settlement of deferred consideration	`StockIssuedDuringPeriodValueAcquisitions`	$1.42M	USD	1 Quarter

Stockholders Equity 36 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$713.51M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$717.17M	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`	$663.92M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$675.39M	USD	Point-in-time
Net and comprehensive (loss) income	`ComprehensiveIncomeNetOfTax`	$40.80M	USD	1 Quarter
Net and comprehensive (loss) income	`ComprehensiveIncomeNetOfTax`	$-8.88M	USD	1 Quarter
Net and comprehensive (loss) income	`ComprehensiveIncomeNetOfTax`	$71.08M	USD	2 Qtrs
Net and comprehensive (loss) income	`ComprehensiveIncomeNetOfTax`	$-13.54M	USD	2 Qtrs
Dividends	`DividendsCommonStock`	$10.28M	USD	2 Qtrs
Dividends	`DividendsCommonStock`	$52.14M	USD	2 Qtrs
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$4.28M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$10.36M	USD	2 Qtrs
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$8.13M	USD	2 Qtrs
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$5.35M	USD	1 Quarter
Shares issued pursuant to employee stock purchase plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$414.00K	USD	2 Qtrs
Shares issued pursuant to employee stock purchase plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$392.00K	USD	1 Quarter
Shares issued pursuant to employee stock purchase plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$392.00K	USD	2 Qtrs
Shares issued pursuant to employee stock purchase plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$414.00K	USD	1 Quarter
Shares withheld related to net share settlement of stock-based awards	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$3.99M	USD	2 Qtrs
Shares withheld related to net share settlement of stock-based awards	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$5.12M	USD	1 Quarter
Shares withheld related to net share settlement of stock-based awards	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$8.04M	USD	2 Qtrs
Shares withheld related to net share settlement of stock-based awards	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$339.00K	USD	1 Quarter
Issuance of stock for the settlement of deferred consideration	`StockIssuedDuringPeriodValueAcquisitions`	$1.83M	USD	1 Quarter
Issuance of stock for the settlement of deferred consideration	`StockIssuedDuringPeriodValueAcquisitions`	$1.42M	USD	1 Quarter
Issuance of stock for the settlement of deferred consideration	`StockIssuedDuringPeriodValueAcquisitions`	$1.83M	USD	2 Qtrs
Issuance of stock for the settlement of deferred consideration	`StockIssuedDuringPeriodValueAcquisitions`	$1.42M	USD	2 Qtrs
Repurchases of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$34.36M	USD	2 Qtrs
Repurchases of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$16.59M	USD	1 Quarter
Ending Balance	`StockholdersEquity`	$663.92M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$713.51M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$717.17M	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 36 line items

Line Item	Tag	Value	Unit	Period
Marketable debt securities, available-for-sale, net change, tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax`	$-528.00K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-8.73M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$74.95M	USD	2 Qtrs
Marketable debt securities, available-for-sale, net change, tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax`	$-168.00K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-14.56M	USD	2 Qtrs
Net (loss) income	`NetIncomeLoss`	$42.17M	USD	1 Quarter
Marketable debt securities, available-for-sale, net change, tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax`	$-1.37M	USD	2 Qtrs
Marketable debt securities, available-for-sale, net change, tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax`	$198.00K	USD	2 Qtrs
Foreign currency translation loss, tax	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	-	USD	1 Quarter
Foreign currency translation loss, tax	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	-	USD	2 Qtrs
Foreign currency translation loss, tax	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	-	USD	2 Qtrs
Foreign currency translation loss, tax	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	-	USD	1 Quarter
Change in net unrealized gains and losses	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-1.56M	USD	1 Quarter
Change in net unrealized gains and losses	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$600.00K	USD	2 Qtrs
Change in net unrealized gains and losses	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-3.92M	USD	2 Qtrs
Change in net unrealized gains and losses	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-516.00K	USD	1 Quarter
Less: reclassification adjustment for net losses (gains) included in other income (expense), net	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$-17.00K	USD	2 Qtrs
Less: reclassification adjustment for net losses (gains) included in other income (expense), net	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$77.00K	USD	2 Qtrs
Less: reclassification adjustment for net losses (gains) included in other income (expense), net	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$-17.00K	USD	1 Quarter
Less: reclassification adjustment for net losses (gains) included in other income (expense), net	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$-7.00K	USD	1 Quarter
Net change, net of tax of $(168) and $198 for the three and six months ended June 30, 2023, and $(528) and $(1,366) for the three and six months ended June 30, 2022, respectively	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-3.99M	USD	2 Qtrs
Net change, net of tax of $(168) and $198 for the three and six months ended June 30, 2023, and $(528) and $(1,366) for the three and six months ended June 30, 2022, respectively	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-499.00K	USD	1 Quarter
Net change, net of tax of $(168) and $198 for the three and six months ended June 30, 2023, and $(528) and $(1,366) for the three and six months ended June 30, 2022, respectively	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$617.00K	USD	2 Qtrs
Net change, net of tax of $(168) and $198 for the three and six months ended June 30, 2023, and $(528) and $(1,366) for the three and six months ended June 30, 2022, respectively	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-1.55M	USD	1 Quarter
Foreign currency translation gain, net of tax of $0 for each of the three and six months ended June 30, 2023 and 2022, respectively	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$346.00K	USD	1 Quarter
Foreign currency translation gain, net of tax of $0 for each of the three and six months ended June 30, 2023 and 2022, respectively	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$179.00K	USD	1 Quarter
Foreign currency translation gain, net of tax of $0 for each of the three and six months ended June 30, 2023 and 2022, respectively	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$400.00K	USD	2 Qtrs
Foreign currency translation gain, net of tax of $0 for each of the three and six months ended June 30, 2023 and 2022, respectively	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$120.00K	USD	2 Qtrs
Total other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$1.02M	USD	2 Qtrs
Total other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$-1.37M	USD	1 Quarter
Total other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$-153.00K	USD	1 Quarter
Total other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$-3.87M	USD	2 Qtrs
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTax`	$-8.88M	USD	1 Quarter
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTax`	$71.08M	USD	2 Qtrs
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTax`	$-13.54M	USD	2 Qtrs
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTax`	$40.80M	USD	1 Quarter

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