10-Q Filing

MARCUS & MILLICHAP, INC. CIK: 1578732 Q3 2023

Filing Information

Form Type	10-Q
Accession Number	`0001578732-23-000048`
Period End Date	20230930
Filing Date	20231103
Fiscal Year	2023
Fiscal Period	Q3
XBRL Instance	mmi-20230930_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 100 Income Statement 60 Cash Flow Statement 96 Stockholders Equity 35 Comprehensive Income 36

Balance Sheet 100 line items

Line Item	Tag	Value	Unit	Period
Amortized cost, current	`DebtSecuritiesAvailableForSaleAmortizedCostCurrent`	$116.99M	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`	$235.87M	USD	Point-in-time
Cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$270.86M	USD	Point-in-time
Cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$224.17M	USD	Point-in-time
Amortized cost, noncurrent	`DebtSecuritiesAvailableForSaleAmortizedCostNoncurrent`	$74.78M	USD	Point-in-time
Cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$382.14M	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`	$14.75M	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`	$6.46M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$9.41M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$9.40M	USD	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 authorized (in shares)	`PreferredStockSharesAuthorized`	25.00M	shares	Point-in-time
Marketable debt securities, available-for-sale (amortized cost of $116,989 and $254,682 at September 30, 2023 and December 31, 2022, respectively, and $0 allowance for credit losses)	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$116.71M	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 $116,989 and $254,682 at September 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
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Advances and loans, net	`AdvancesAndLoansNetCurrent`	$3.57M	USD	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
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Other assets, current	`OtherAssetsCurrent`	$14.80M	USD	Point-in-time
Other assets, current	`OtherAssetsCurrent`	$7.28M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	150.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$389.86M	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
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$28.09M	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
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	38.55M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	38.55M	shares	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$96.88M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	39.26M	shares	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$87.94M	USD	Point-in-time
Marketable debt securities, available-for-sale (amortized cost of $74,776 and $72,819 at September 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 $74,776 and $72,819 at September 30, 2023 and December 31, 2022, respectively, and $0 allowance for credit losses)	`AvailableForSaleSecuritiesDebtSecuritiesNoncurrent`	$70.51M	USD	Point-in-time
Assets held in rabbi trust	`DeferredCompensationPlanAssets`	$10.06M	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`	$46.01M	USD	Point-in-time
Goodwill and other intangible assets, net	`IntangibleAssetsNetIncludingGoodwill`	$52.09M	USD	Point-in-time
Goodwill and other intangible assets, net	`IntangibleAssetsNetIncludingGoodwill`	$55.70M	USD	Point-in-time
Advances and loans, net	`AdvancesAndLoansNetNonCurrent`	$178.95M	USD	Point-in-time
Advances and loans, net	`AdvancesAndLoansNetNonCurrent`	$169.96M	USD	Point-in-time
Other assets, non-current	`OtherAssetsNoncurrent`	$15.86M	USD	Point-in-time
Other assets, non-current	`OtherAssetsNoncurrent`	$9.66M	USD	Point-in-time
Total assets	`Assets`	$882.11M	USD	Point-in-time
Total assets	`Assets`	$1.00B	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$11.45M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$9.15M	USD	Point-in-time
Deferred compensation and commissions	`DeferredCompensationAndCommissionsCurrent`	$75.32M	USD	Point-in-time
Deferred compensation and commissions	`DeferredCompensationAndCommissionsCurrent`	$46.14M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$16.98M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$18.27M	USD	Point-in-time
Accrued bonuses and other employee related expenses	`EmployeeRelatedLiabilitiesCurrent`	$38.33M	USD	Point-in-time
Accrued bonuses and other employee related expenses	`EmployeeRelatedLiabilitiesCurrent`	$15.34M	USD	Point-in-time
Other liabilities, current	`OtherLiabilitiesCurrent`	$14.45M	USD	Point-in-time
Other liabilities, current	`OtherLiabilitiesCurrent`	$9.93M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$152.01M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$103.36M	USD	Point-in-time
Deferred compensation and commissions	`DeferredCompensationAndCommissionsNonCurrent`	$45.15M	USD	Point-in-time
Deferred compensation and commissions	`DeferredCompensationAndCommissionsNonCurrent`	$64.46M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$65.11M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$73.92M	USD	Point-in-time
Other liabilities, non-current	`OtherLiabilitiesNoncurrent`	$8.61M	USD	Point-in-time
Other liabilities, non-current	`OtherLiabilitiesNoncurrent`	$10.33M	USD	Point-in-time
Total liabilities	`Liabilities`	$232.76M	USD	Point-in-time
Total liabilities	`Liabilities`	$290.20M	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`	$145.22M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$507.05M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$585.58M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-2.92M	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`	$649.35M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$663.92M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$717.17M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$723.96M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$882.11M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.00B	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$479.68M	USD	3 Qtrs
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$162.03M	USD	1 Quarter
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$323.84M	USD	1 Quarter
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.04B	USD	3 Qtrs
Cost of services	`ServicesCost`	$301.22M	USD	3 Qtrs
Cost of services	`ServicesCost`	$670.17M	USD	3 Qtrs
Cost of services	`ServicesCost`	$104.63M	USD	1 Quarter
Cost of services	`ServicesCost`	$217.36M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$73.00M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$210.32M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$69.19M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$227.38M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$10.17M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$10.31M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$3.64M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$2.92M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$177.46M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$293.29M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$521.85M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$907.72M	USD	3 Qtrs
Operating (loss) income	`OperatingIncomeLoss`	$-15.43M	USD	1 Quarter
Operating (loss) income	`OperatingIncomeLoss`	$-42.17M	USD	3 Qtrs
Operating (loss) income	`OperatingIncomeLoss`	$131.54M	USD	3 Qtrs
Operating (loss) income	`OperatingIncomeLoss`	$30.55M	USD	1 Quarter
Other income, net	`NonoperatingIncomeExpense`	$978.00K	USD	1 Quarter
Other income, net	`NonoperatingIncomeExpense`	$14.12M	USD	3 Qtrs
Other income, net	`NonoperatingIncomeExpense`	$967.00K	USD	3 Qtrs
Other income, net	`NonoperatingIncomeExpense`	$4.42M	USD	1 Quarter
Interest expense	`InterestExpense`	$547.00K	USD	3 Qtrs
Interest expense	`InterestExpense`	$241.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$229.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$672.00K	USD	3 Qtrs
(Loss) income before (benefit) provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-28.72M	USD	3 Qtrs
(Loss) income before (benefit) provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$31.30M	USD	1 Quarter
(Loss) income before (benefit) provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-11.25M	USD	1 Quarter
(Loss) income before (benefit) provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$131.96M	USD	3 Qtrs
(Benefit) provision for income taxes	`IncomeTaxExpenseBenefit`	$35.65M	USD	3 Qtrs
(Benefit) provision for income taxes	`IncomeTaxExpenseBenefit`	$9.94M	USD	1 Quarter
(Benefit) provision for income taxes	`IncomeTaxExpenseBenefit`	$-4.92M	USD	3 Qtrs
(Benefit) provision for income taxes	`IncomeTaxExpenseBenefit`	$-2.01M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$96.31M	USD	3 Qtrs
Net (loss) income	`NetIncomeLoss`	$-9.24M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$21.36M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-23.80M	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.61	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$2.40	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.53	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.24	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.53	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.61	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$2.39	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.24	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	40.09M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	38.49M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	38.74M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	40.04M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	40.36M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	40.30M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	38.74M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	38.49M	shares	1 Quarter

Cash Flow Statement 96 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`ProfitLoss`	$96.31M	USD	3 Qtrs
Net (loss) income	`ProfitLoss`	$-23.80M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$3.64M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$2.92M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$10.31M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$10.17M	USD	3 Qtrs
Non-cash lease expense	`NoncashLeaseExpense`	$18.82M	USD	3 Qtrs
Non-cash lease expense	`NoncashLeaseExpense`	$17.84M	USD	3 Qtrs
Credit loss expense (recovery)	`CreditLossExpenseReversal`	-	USD	3 Qtrs
Credit loss expense (recovery)	`CreditLossExpenseReversal`	$660.00K	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$15.81M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$12.68M	USD	3 Qtrs
Deferred taxes, net	`DeferredIncomeTaxExpenseBenefit`	$-4.92M	USD	3 Qtrs
Deferred taxes, net	`DeferredIncomeTaxExpenseBenefit`	$-2.26M	USD	3 Qtrs
Unrealized foreign exchange losses (gains)	`ForeignCurrencyTransactionGainLossUnrealized`	$-1.60M	USD	3 Qtrs
Unrealized foreign exchange losses (gains)	`ForeignCurrencyTransactionGainLossUnrealized`	$-13.00K	USD	3 Qtrs
Net realized losses (gains) on marketable debt securities, available-for-sale	`DebtSecuritiesAvailableForSaleRealizedGainLoss`	$-23.00K	USD	3 Qtrs
Net realized losses (gains) on marketable debt securities, available-for-sale	`DebtSecuritiesAvailableForSaleRealizedGainLoss`	$87.00K	USD	3 Qtrs
Other non-cash items	`OtherNoncashIncomeExpense`	$1.46M	USD	3 Qtrs
Other non-cash items	`OtherNoncashIncomeExpense`	$546.00K	USD	3 Qtrs
Commissions receivable	`IncreaseDecreaseInCommissionsReceivable`	$6.33M	USD	3 Qtrs
Commissions receivable	`IncreaseDecreaseInCommissionsReceivable`	$-4.89M	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-4.54M	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-2.96M	USD	3 Qtrs
Advances and loans	`IncreaseDecreaseInAdvancesAndLoans`	$49.17M	USD	3 Qtrs
Advances and loans	`IncreaseDecreaseInAdvancesAndLoans`	$9.34M	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$4.47M	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$5.37M	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-4.94M	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.87M	USD	3 Qtrs
Income tax receivable and payable	`IncreaseDecreaseInIncomeTaxesReceivablePayable`	$722.00K	USD	3 Qtrs
Income tax receivable and payable	`IncreaseDecreaseInIncomeTaxesReceivablePayable`	$21.11M	USD	3 Qtrs
Accrued bonuses and other employee related expenses	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-15.24M	USD	3 Qtrs
Accrued bonuses and other employee related expenses	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-22.97M	USD	3 Qtrs
Deferred compensation and commissions	`DeferredCompensationAndCommissionsIncreaseDecrease`	$-45.48M	USD	3 Qtrs
Deferred compensation and commissions	`DeferredCompensationAndCommissionsIncreaseDecrease`	$-47.13M	USD	3 Qtrs
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$-14.60M	USD	3 Qtrs
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$-13.45M	USD	3 Qtrs
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$743.00K	USD	3 Qtrs
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-994.00K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-87.11M	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-11.78M	USD	3 Qtrs
Acquisition of businesses, net of cash received	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$12.50M	USD	3 Qtrs
Acquisition of businesses, net of cash received	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	3 Qtrs
Purchases of marketable debt securities, available-for-sale	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$175.99M	USD	3 Qtrs
Purchases of marketable debt securities, available-for-sale	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$276.71M	USD	3 Qtrs
Proceeds from sales and maturities of marketable debt securities, available-for-sale	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$266.48M	USD	3 Qtrs
Proceeds from sales and maturities of marketable debt securities, available-for-sale	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$312.49M	USD	3 Qtrs
Issuances of employee notes receivable	`PaymentsToAcquireNotesReceivable`	$71.00K	USD	3 Qtrs
Issuances of employee notes receivable	`PaymentsToAcquireNotesReceivable`	$120.00K	USD	3 Qtrs
Payments received on employee notes receivable	`ProceedsFromCollectionOfNotesReceivable`	$71.00K	USD	3 Qtrs
Payments received on employee notes receivable	`ProceedsFromCollectionOfNotesReceivable`	$34.00K	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$7.69M	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.56M	USD	3 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$128.73M	USD	3 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-31.29M	USD	3 Qtrs
Taxes paid related to net share settlement of stock-based awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$4.35M	USD	3 Qtrs
Taxes paid related to net share settlement of stock-based awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$8.18M	USD	3 Qtrs
Proceeds from issuance of shares pursuant to employee stock purchase plan	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans`	$414.00K	USD	3 Qtrs
Proceeds from issuance of shares pursuant to employee stock purchase plan	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans`	$392.00K	USD	3 Qtrs
Dividends paid	`PaymentsOfDividends`	$50.16M	USD	3 Qtrs
Dividends paid	`PaymentsOfDividends`	$10.44M	USD	3 Qtrs
Principal payments on stock appreciation rights liability	`PaymentsOnStockAppreciationRights`	$1.95M	USD	3 Qtrs
Principal payments on stock appreciation rights liability	`PaymentsOnStockAppreciationRights`	$1.76M	USD	3 Qtrs
Principal payments on deferred and contingent consideration	`PrincipalPaymentsOnDeferredAndContingentConsideration`	$2.04M	USD	3 Qtrs
Principal payments on deferred and contingent consideration	`PrincipalPaymentsOnDeferredAndContingentConsideration`	$2.43M	USD	3 Qtrs
Cash paid for stock repurchases	`PaymentsForRepurchaseOfCommonStock`	$5.66M	USD	3 Qtrs
Cash paid for stock repurchases	`PaymentsForRepurchaseOfCommonStock`	$34.93M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-67.77M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-53.32M	USD	3 Qtrs
Effect of currency exchange rate changes on cash, cash equivalents, and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-436.00K	USD	3 Qtrs
Effect of currency exchange rate changes on cash, cash equivalents, and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	3 Qtrs
Net decrease in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-11.70M	USD	3 Qtrs
Net decrease in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-111.28M	USD	3 Qtrs
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`	$270.86M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$224.17M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$382.14M	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`	$270.86M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$224.17M	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`	$423.00K	USD	3 Qtrs
Interest paid during the period	`InterestPaidNet`	$599.00K	USD	3 Qtrs
Income taxes paid, net	`IncomeTaxesPaidNet`	$58.57M	USD	3 Qtrs
Income taxes paid, net	`IncomeTaxesPaidNet`	$722.00K	USD	3 Qtrs
Reduction of accrued bonuses and other employee related expenses in settlement of employee notes receivable	`IncreaseDecreaseInEmployeeRelatedLiabilitiesNoncash`	$16.00K	USD	3 Qtrs
Reduction of accrued bonuses and other employee related expenses in settlement of employee notes receivable	`IncreaseDecreaseInEmployeeRelatedLiabilitiesNoncash`	-	USD	3 Qtrs
Unpaid purchases of property and equipment	`CapitalExpendituresIncurredButNotYetPaid`	$892.00K	USD	3 Qtrs
Unpaid purchases of property and equipment	`CapitalExpendituresIncurredButNotYetPaid`	$259.00K	USD	3 Qtrs
Right-of-use assets obtained in exchange for operating lease liabilities	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$20.80M	USD	3 Qtrs
Right-of-use assets obtained in exchange for operating lease liabilities	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$27.67M	USD	3 Qtrs
Issuance of stock for the settlement of deferred consideration	`IssuanceOfStockForTheSettlementOfDeferredConsideration`	$1.42M	USD	3 Qtrs
Issuance of stock for the settlement of deferred consideration	`IssuanceOfStockForTheSettlementOfDeferredConsideration`	$1.83M	USD	3 Qtrs
Dividend payable	`DividendsPayableNonCashInvestingAndFinancingActivity`	$10.55M	USD	3 Qtrs
Dividend payable	`DividendsPayableNonCashInvestingAndFinancingActivity`	$12.41M	USD	3 Qtrs

Stockholders Equity 35 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`	$649.35M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$663.92M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$717.17M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$723.96M	USD	Point-in-time
Net and comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-23.10M	USD	3 Qtrs
Net and comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$91.48M	USD	3 Qtrs
Net and comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$20.40M	USD	1 Quarter
Net and comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-9.56M	USD	1 Quarter
Dividends	`DividendsCommonStock`	$20.37M	USD	3 Qtrs
Dividends	`DividendsCommonStock`	$10.44M	USD	1 Quarter
Dividends	`DividendsCommonStock`	$10.09M	USD	1 Quarter
Dividends	`DividendsCommonStock`	$62.57M	USD	3 Qtrs
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$15.81M	USD	3 Qtrs
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$5.45M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$12.68M	USD	3 Qtrs
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$4.54M	USD	1 Quarter
Shares issued pursuant to employee stock purchase plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$414.00K	USD	3 Qtrs
Shares issued pursuant to employee stock purchase plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$392.00K	USD	3 Qtrs
Shares withheld related to net share settlement of stock-based awards	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$8.18M	USD	3 Qtrs
Shares withheld related to net share settlement of stock-based awards	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$4.35M	USD	3 Qtrs
Shares withheld related to net share settlement of stock-based awards	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$368.00K	USD	1 Quarter
Shares withheld related to net share settlement of stock-based awards	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$137.00K	USD	1 Quarter
Issuance of stock for the settlement of deferred consideration	`StockIssuedDuringPeriodValueAcquisitions`	$1.83M	USD	3 Qtrs
Issuance of stock for the settlement of deferred consideration	`StockIssuedDuringPeriodValueAcquisitions`	$1.42M	USD	3 Qtrs
Repurchases of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$7.58M	USD	3 Qtrs
Repurchases of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$34.36M	USD	3 Qtrs
Repurchases of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$7.58M	USD	1 Quarter
Ending Balance	`StockholdersEquity`	$717.17M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$713.51M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$696.30M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$649.35M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$663.92M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$723.96M	USD	Point-in-time

Comprehensive Income 36 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`NetIncomeLoss`	$96.31M	USD	3 Qtrs
Net (loss) income	`NetIncomeLoss`	$-9.24M	USD	1 Quarter
Marketable debt securities, available-for-sale, net change, tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax`	$30.00K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$21.36M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-23.80M	USD	3 Qtrs
Marketable debt securities, available-for-sale, net change, tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax`	$-522.00K	USD	1 Quarter
Marketable debt securities, available-for-sale, net change, tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax`	$228.00K	USD	3 Qtrs
Marketable debt securities, available-for-sale, net change, tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax`	$-1.89M	USD	3 Qtrs
Foreign currency translation loss, tax	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	-	USD	3 Qtrs
Foreign currency translation loss, tax	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	-	USD	1 Quarter
Foreign currency translation loss, tax	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	-	USD	3 Qtrs
Foreign currency translation loss, tax	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	-	USD	1 Quarter
Change in net unrealized gains and losses	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-5.46M	USD	3 Qtrs
Change in net unrealized gains and losses	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$89.00K	USD	1 Quarter
Change in net unrealized gains and losses	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$690.00K	USD	3 Qtrs
Change in net unrealized gains and losses	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-1.54M	USD	1 Quarter
Reclassification adjustment for net gains and losses included in other income, net	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$70.00K	USD	3 Qtrs
Reclassification adjustment for net gains and losses included in other income, net	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$-7.00K	USD	1 Quarter
Reclassification adjustment for net gains and losses included in other income, net	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$-16.00K	USD	3 Qtrs
Reclassification adjustment for net gains and losses included in other income, net	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	-	USD	1 Quarter
Net change, net of tax of $30 and $228 for the three and nine months ended September 30, 2023, and $(522) and $(1,888) for the three and nine months ended September 30, 2022, respectively	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$706.00K	USD	3 Qtrs
Net change, net of tax of $30 and $228 for the three and nine months ended September 30, 2023, and $(522) and $(1,888) for the three and nine months ended September 30, 2022, respectively	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-5.53M	USD	3 Qtrs
Net change, net of tax of $30 and $228 for the three and nine months ended September 30, 2023, and $(522) and $(1,888) for the three and nine months ended September 30, 2022, respectively	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$89.00K	USD	1 Quarter
Net change, net of tax of $30 and $228 for the three and nine months ended September 30, 2023, and $(522) and $(1,888) for the three and nine months ended September 30, 2022, respectively	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-1.53M	USD	1 Quarter
Foreign currency translation (loss) gain, net of tax of $0 for each of the three and nine months ended September 30, 2023 and 2022, respectively	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-5.00K	USD	3 Qtrs
Foreign currency translation (loss) gain, net of tax of $0 for each of the three and nine months ended September 30, 2023 and 2022, respectively	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$689.00K	USD	3 Qtrs
Foreign currency translation (loss) gain, net of tax of $0 for each of the three and nine months ended September 30, 2023 and 2022, respectively	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-405.00K	USD	1 Quarter
Foreign currency translation (loss) gain, net of tax of $0 for each of the three and nine months ended September 30, 2023 and 2022, respectively	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$569.00K	USD	1 Quarter
Total other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$-965.00K	USD	1 Quarter
Total other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$701.00K	USD	3 Qtrs
Total other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$-4.84M	USD	3 Qtrs
Total other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$-316.00K	USD	1 Quarter
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTax`	$20.40M	USD	1 Quarter
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTax`	$-23.10M	USD	3 Qtrs
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTax`	$91.48M	USD	3 Qtrs
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTax`	$-9.56M	USD	1 Quarter

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