10-K Filing

MARCUS & MILLICHAP, INC. CIK: 1578732 FY 2023

Filing Information

Form Type	10-K
Accession Number	`0001578732-24-000009`
Period End Date	20231231
Filing Date	20240227
Fiscal Year	2023
Fiscal Period	FY
XBRL Instance	mmi-20231231_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 98 Income Statement 45 Cash Flow Statement 143 Stockholders Equity 28 Comprehensive Income 27

Balance Sheet 98 line items

Line Item	Tag	Value	Unit	Period
Marketable debt securities, available-for-sale, amortized cost, current	`DebtSecuritiesAvailableForSaleAmortizedCostCurrent`	$254.68M	USD	Point-in-time
Marketable debt securities, available-for-sale, amortized cost, current	`DebtSecuritiesAvailableForSaleAmortizedCostCurrent`	$169.02M	USD	Point-in-time
Marketable debt securities, available-for-sale, allowance for credit losses, current	`DebtSecuritiesAvailableForSaleAllowanceForCreditLossCurrent`	-	USD	Point-in-time
Marketable debt securities, available-for-sale, allowance for credit losses, current	`DebtSecuritiesAvailableForSaleAllowanceForCreditLossCurrent`	-	USD	Point-in-time
Cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$170.75M	USD	Point-in-time
Cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$235.87M	USD	Point-in-time
Marketable debt securities, available-for-sale, 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`	$243.15M	USD	Point-in-time
Marketable debt securities, available-for-sale, amortized cost, noncurrent	`DebtSecuritiesAvailableForSaleAmortizedCostNoncurrent`	$69.54M	USD	Point-in-time
Marketable debt securities, available-for-sale, allowance for credit losses, noncurrent	`DebtSecuritiesAvailableForSaleAllowanceForCreditLossNoncurrent`	-	USD	Point-in-time
Commissions receivable	`CommissionsReceivableNetCurrent`	$8.45M	USD	Point-in-time
Marketable debt securities, available-for-sale, allowance for credit losses, noncurrent	`DebtSecuritiesAvailableForSaleAllowanceForCreditLossNoncurrent`	-	USD	Point-in-time
Commissions receivable	`CommissionsReceivableNetCurrent`	$16.17M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$8.81M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$9.41M	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
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`	$9.30M	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 $169,018 and $254,682 at December 31, 2023 and December 31, 2022, respectively, and $0 allowance for credit losses)	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$168.88M	USD	Point-in-time
Marketable debt securities, available-for-sale (amortized cost of $169,018 and $254,682 at December 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
Advances and loans, net	`AdvancesAndLoansNetCurrent`	$4.00M	USD	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`	$3.57M	USD	Point-in-time
Other assets, current	`OtherAssetsCurrent`	$16.20M	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
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	150.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$393.69M	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 issued (in shares)	`CommonStockSharesIssued`	39.26M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$27.45M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	38.41M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$27.64M	USD	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$87.94M	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`	$90.06M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	38.41M	shares	Point-in-time
Marketable debt securities, available-for-sale (amortized cost of $69,538 and $72,819 at December 31, 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 $69,538 and $72,819 at December 31, 2023 and December 31, 2022, respectively, and $0 allowance for credit losses)	`AvailableForSaleSecuritiesDebtSecuritiesNoncurrent`	$67.46M	USD	Point-in-time
Assets held in rabbi trust	`DeferredCompensationPlanAssets`	$9.55M	USD	Point-in-time
Assets held in rabbi trust	`DeferredCompensationPlanAssets`	$10.84M	USD	Point-in-time
Deferred tax assets, net	`DeferredIncomeTaxAssetsNet`	$46.93M	USD	Point-in-time
Deferred tax assets, net	`DeferredIncomeTaxAssetsNet`	$41.32M	USD	Point-in-time
Goodwill and other intangible assets, net	`IntangibleAssetsNetIncludingGoodwill`	$55.70M	USD	Point-in-time
Goodwill and other intangible assets, net	`IntangibleAssetsNetIncludingGoodwill`	$51.18M	USD	Point-in-time
Advances and loans, net	`AdvancesAndLoansNetNonCurrent`	$169.96M	USD	Point-in-time
Advances and loans, net	`AdvancesAndLoansNetNonCurrent`	$175.83M	USD	Point-in-time
Other assets, non-current	`OtherAssetsNoncurrent`	$15.86M	USD	Point-in-time
Other assets, non-current	`OtherAssetsNoncurrent`	$14.97M	USD	Point-in-time
Total assets	`Assets`	$878.41M	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`	$8.13M	USD	Point-in-time
Deferred compensation and commissions	`DeferredCompensationAndCommissionsCurrent`	$75.32M	USD	Point-in-time
Deferred compensation and commissions	`DeferredCompensationAndCommissionsCurrent`	$55.77M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$16.98M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$18.34M	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`	$19.12M	USD	Point-in-time
Other liabilities, current	`OtherLiabilitiesCurrent`	$9.93M	USD	Point-in-time
Other liabilities, current	`OtherLiabilitiesCurrent`	$3.92M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$105.27M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$152.01M	USD	Point-in-time
Deferred compensation and commissions	`DeferredCompensationAndCommissionsNonCurrent`	$47.77M	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`	$69.41M	USD	Point-in-time
Other liabilities, non-current	`OtherLiabilitiesNoncurrent`	$8.61M	USD	Point-in-time
Other liabilities, non-current	`OtherLiabilitiesNoncurrent`	$10.69M	USD	Point-in-time
Total liabilities	`Liabilities`	$290.20M	USD	Point-in-time
Total liabilities	`Liabilities`	$233.14M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock: $0.001 par value: Authorized shares 25,000,000; issued and outstanding shares none at December 31, 2023 and December 31, 2022, respectively	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock: $0.001 par value: Authorized shares 25,000,000; issued and outstanding shares none at December 31, 2023 and December 31, 2022, respectively	`PreferredStockValue`	-	USD	Point-in-time
Common stock: $0.0001 par value: Authorized shares 150,000,000; issued and outstanding shares 38,412,484 and 39,255,838 at December 31, 2023 and December 31, 2022, respectively	`CommonStockValue`	$4.00K	USD	Point-in-time
Common stock: $0.0001 par value: Authorized shares 150,000,000; issued and outstanding shares 38,412,484 and 39,255,838 at December 31, 2023 and December 31, 2022, respectively	`CommonStockValue`	$4.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$153.74M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$131.54M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$492.30M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$585.58M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-768.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-3.62M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$645.27M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$546.84M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$696.30M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$713.51M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$878.41M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.00B	USD	Point-in-time

Income Statement 45 line items

Line Item	Tag	Value	Unit	Period
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$645.93M	USD	Annual
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.30B	USD	Annual
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.30B	USD	Annual
Cost of services	`ServicesCost`	$850.89M	USD	Annual
Cost of services	`ServicesCost`	$406.64M	USD	Annual
Cost of services	`ServicesCost`	$840.21M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$255.15M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$285.02M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$300.01M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$13.63M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$13.41M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$11.72M	USD	Annual
Total operating expenses	`OperatingExpenses`	$1.11B	USD	Annual
Total operating expenses	`OperatingExpenses`	$705.29M	USD	Annual
Total operating expenses	`OperatingExpenses`	$1.16B	USD	Annual
Operating (loss) income	`OperatingIncomeLoss`	$137.40M	USD	Annual
Operating (loss) income	`OperatingIncomeLoss`	$189.36M	USD	Annual
Operating (loss) income	`OperatingIncomeLoss`	$-59.37M	USD	Annual
Other income, net	`NonoperatingIncomeExpense`	$4.53M	USD	Annual
Other income, net	`NonoperatingIncomeExpense`	$19.86M	USD	Annual
Other income, net	`NonoperatingIncomeExpense`	$5.34M	USD	Annual
Interest expense	`InterestExpense`	$888.00K	USD	Annual
Interest expense	`InterestExpense`	$580.00K	USD	Annual
Interest expense	`InterestExpense`	$708.00K	USD	Annual
(Loss) income before (benefit) provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$142.03M	USD	Annual
(Loss) income before (benefit) provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-40.40M	USD	Annual
(Loss) income before (benefit) provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$193.30M	USD	Annual
(Benefit) provision for income taxes	`IncomeTaxExpenseBenefit`	$37.80M	USD	Annual
(Benefit) provision for income taxes	`IncomeTaxExpenseBenefit`	$50.83M	USD	Annual
(Benefit) provision for income taxes	`IncomeTaxExpenseBenefit`	$-6.37M	USD	Annual
Net (loss) income	`NetIncomeLoss`	$-34.03M	USD	Annual
Net (loss) income	`NetIncomeLoss`	$104.22M	USD	Annual
Net (loss) income	`NetIncomeLoss`	$142.47M	USD	Annual
Basic (in dollars per share)	`EarningsPerShareBasic`	$3.57	USD	Annual
Basic (in dollars per share)	`EarningsPerShareBasic`	$2.61	USD	Annual
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.88	USD	Annual
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$2.59	USD	Annual
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$3.55	USD	Annual
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.88	USD	Annual
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	38.66M	shares	Annual
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	39.89M	shares	Annual
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	39.89M	shares	Annual
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	40.19M	shares	Annual
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	40.19M	shares	Annual
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	38.66M	shares	Annual

Cash Flow Statement 143 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`ProfitLoss`	$142.47M	USD	Annual
Net (loss) income	`ProfitLoss`	$-34.03M	USD	Annual
Net (loss) income	`ProfitLoss`	$104.22M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$11.72M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$13.41M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$13.63M	USD	Annual
Non-cash lease expense	`NoncashLeaseExpense`	$23.11M	USD	Annual
Non-cash lease expense	`NoncashLeaseExpense`	$26.35M	USD	Annual
Non-cash lease expense	`NoncashLeaseExpense`	$23.73M	USD	Annual
Credit loss expense (recovery)	`CreditLossExpenseReversal`	$-128.00K	USD	Annual
Credit loss expense (recovery)	`CreditLossExpenseReversal`	$-51.00K	USD	Annual
Credit loss expense (recovery)	`CreditLossExpenseReversal`	$166.00K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$10.36M	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$24.15M	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$17.31M	USD	Annual
Deferred taxes, net	`DeferredIncomeTaxExpenseBenefit`	$-11.85M	USD	Annual
Deferred taxes, net	`DeferredIncomeTaxExpenseBenefit`	$-6.43M	USD	Annual
Deferred taxes, net	`DeferredIncomeTaxExpenseBenefit`	$-6.07M	USD	Annual
Unrealized foreign exchange losses (gains)	`ForeignCurrencyTransactionGainLossUnrealized`	$37.00K	USD	Annual
Unrealized foreign exchange losses (gains)	`ForeignCurrencyTransactionGainLossUnrealized`	$-3.82M	USD	Annual
Unrealized foreign exchange losses (gains)	`ForeignCurrencyTransactionGainLossUnrealized`	$-534.00K	USD	Annual
Net realized losses (gains) on marketable debt securities, available-for-sale	`DebtSecuritiesAvailableForSaleRealizedGainLoss`	$219.00K	USD	Annual
Net realized losses (gains) on marketable debt securities, available-for-sale	`DebtSecuritiesAvailableForSaleRealizedGainLoss`	$-190.00K	USD	Annual
Net realized losses (gains) on marketable debt securities, available-for-sale	`DebtSecuritiesAvailableForSaleRealizedGainLoss`	$86.00K	USD	Annual
Other non-cash items	`OtherNoncashIncomeExpense`	$341.00K	USD	Annual
Other non-cash items	`OtherNoncashIncomeExpense`	$973.00K	USD	Annual
Other non-cash items	`OtherNoncashIncomeExpense`	$-641.00K	USD	Annual
Commissions receivable	`IncreaseDecreaseInCommissionsReceivable`	$10.83M	USD	Annual
Commissions receivable	`IncreaseDecreaseInCommissionsReceivable`	$7.59M	USD	Annual
Commissions receivable	`IncreaseDecreaseInCommissionsReceivable`	$-8.45M	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-599.00K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$3.07M	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-3.80M	USD	Annual
Advances and loans	`IncreaseDecreaseInAdvancesAndLoans`	$54.82M	USD	Annual
Advances and loans	`IncreaseDecreaseInAdvancesAndLoans`	$12.38M	USD	Annual
Advances and loans	`IncreaseDecreaseInAdvancesAndLoans`	$5.18M	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$3.05M	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$9.83M	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$7.21M	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$9.78M	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-2.96M	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-4.07M	USD	Annual
Income tax receivable and payable	`IncreaseDecreaseInIncomeTaxesReceivablePayable`	$26.54M	USD	Annual
Income tax receivable and payable	`IncreaseDecreaseInIncomeTaxesReceivablePayable`	$-14.13M	USD	Annual
Income tax receivable and payable	`IncreaseDecreaseInIncomeTaxesReceivablePayable`	$616.00K	USD	Annual
Accrued bonuses and other employee related expenses	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$29.07M	USD	Annual
Accrued bonuses and other employee related expenses	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-19.18M	USD	Annual
Accrued bonuses and other employee related expenses	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-11.49M	USD	Annual
Deferred compensation and commissions	`DeferredCompensationAndCommissionsIncreaseDecrease`	$-35.85M	USD	Annual
Deferred compensation and commissions	`DeferredCompensationAndCommissionsIncreaseDecrease`	$-24.63M	USD	Annual
Deferred compensation and commissions	`DeferredCompensationAndCommissionsIncreaseDecrease`	$75.05M	USD	Annual
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$-21.28M	USD	Annual
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$-21.18M	USD	Annual
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$-18.36M	USD	Annual
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-2.37M	USD	Annual
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$573.00K	USD	Annual
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$2.53M	USD	Annual
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$13.63M	USD	Annual
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$255.90M	USD	Annual
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-72.43M	USD	Annual
Acquisition of businesses, net of cash received	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$-229.00K	USD	Annual
Acquisition of businesses, net of cash received	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	Annual
Acquisition of businesses, net of cash received	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$12.50M	USD	Annual
Purchases of marketable debt securities, available-for-sale	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$302.28M	USD	Annual
Purchases of marketable debt securities, available-for-sale	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$378.11M	USD	Annual
Purchases of marketable debt securities, available-for-sale	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$380.80M	USD	Annual
Proceeds from sales and maturities of marketable debt securities, available-for-sale	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$350.99M	USD	Annual
Proceeds from sales and maturities of marketable debt securities, available-for-sale	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$391.61M	USD	Annual
Proceeds from sales and maturities of marketable debt securities, available-for-sale	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$285.63M	USD	Annual
Purchases of convertible notes	`PaymentsToAcquireConvertibleNotes`	-	USD	Annual
Purchases of convertible notes	`PaymentsToAcquireConvertibleNotes`	-	USD	Annual
Purchases of convertible notes	`PaymentsToAcquireConvertibleNotes`	$5.00M	USD	Annual
Purchases of securities, held-to-maturity	`PaymentsToAcquireHeldToMaturitySecurities`	-	USD	Annual
Purchases of securities, held-to-maturity	`PaymentsToAcquireHeldToMaturitySecurities`	-	USD	Annual
Purchases of securities, held-to-maturity	`PaymentsToAcquireHeldToMaturitySecurities`	$9.50M	USD	Annual
Issuances of employee notes receivable	`PaymentsToAcquireNotesReceivable`	$40.00K	USD	Annual
Issuances of employee notes receivable	`PaymentsToAcquireNotesReceivable`	$126.00K	USD	Annual
Issuances of employee notes receivable	`PaymentsToAcquireNotesReceivable`	$74.00K	USD	Annual
Payments received on employee notes receivable	`ProceedsFromCollectionOfNotesReceivable`	$71.00K	USD	Annual
Payments received on employee notes receivable	`ProceedsFromCollectionOfNotesReceivable`	$34.00K	USD	Annual
Payments received on employee notes receivable	`ProceedsFromCollectionOfNotesReceivable`	$290.00K	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$9.37M	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.86M	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$11.67M	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$74.87M	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-53.98M	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-108.36M	USD	Annual
Taxes paid related to net share settlement of stock-based awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$9.74M	USD	Annual
Taxes paid related to net share settlement of stock-based awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$4.44M	USD	Annual
Taxes paid related to net share settlement of stock-based awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$3.35M	USD	Annual
Proceeds from issuance of shares pursuant to employee stock purchase plan	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans`	$709.00K	USD	Annual
Proceeds from issuance of shares pursuant to employee stock purchase plan	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans`	$661.00K	USD	Annual
Proceeds from issuance of shares pursuant to employee stock purchase plan	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans`	$653.00K	USD	Annual
Dividends paid	`PaymentsOfDividends`	-	USD	Annual
Dividends paid	`PaymentsOfDividends`	$20.10M	USD	Annual
Dividends paid	`PaymentsOfDividends`	$60.36M	USD	Annual
Principal payments on stock appreciation rights liability	`PaymentsOnStockAppreciationRights`	$1.95M	USD	Annual
Principal payments on stock appreciation rights liability	`PaymentsOnStockAppreciationRights`	$1.48M	USD	Annual
Principal payments on stock appreciation rights liability	`PaymentsOnStockAppreciationRights`	$1.76M	USD	Annual
Principal payments on deferred and contingent consideration	`PrincipalPaymentsOnDeferredAndContingentConsideration`	$5.35M	USD	Annual
Principal payments on deferred and contingent consideration	`PrincipalPaymentsOnDeferredAndContingentConsideration`	$2.41M	USD	Annual
Principal payments on deferred and contingent consideration	`PrincipalPaymentsOnDeferredAndContingentConsideration`	$1.74M	USD	Annual
Cash paid for stock repurchases	`PaymentsForRepurchaseOfCommonStock`	$29.05M	USD	Annual
Cash paid for stock repurchases	`PaymentsForRepurchaseOfCommonStock`	$39.44M	USD	Annual
Cash paid for stock repurchases	`PaymentsForRepurchaseOfCommonStock`	-	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-67.68M	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-5.92M	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-105.56M	USD	Annual
Effect of currency exchange rate changes on cash, cash equivalents, and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-366.00K	USD	Annual
Effect of currency exchange rate changes on cash, cash equivalents, and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$122.00K	USD	Annual
Effect of currency exchange rate changes on cash, cash equivalents, and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-2.64M	USD	Annual
Net (decrease) increase in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-146.27M	USD	Annual
Net (decrease) increase in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$138.99M	USD	Annual
Net (decrease) increase in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-65.12M	USD	Annual
Cash, cash equivalents, and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$170.75M	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`	$382.14M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$243.15M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$170.75M	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`	$382.14M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$243.15M	USD	Point-in-time
Interest paid during the period	`InterestPaidNet`	$478.00K	USD	Annual
Interest paid during the period	`InterestPaidNet`	$749.00K	USD	Annual
Interest paid during the period	`InterestPaidNet`	$614.00K	USD	Annual
Income taxes paid, net	`IncomeTaxesPaidNet`	$48.56M	USD	Annual
Income taxes paid, net	`IncomeTaxesPaidNet`	$69.85M	USD	Annual
Income taxes paid, net	`IncomeTaxesPaidNet`	$674.00K	USD	Annual
Cash paid for amounts included in the measurement of operating lease liabilities	`OperatingLeasePayments`	$22.28M	USD	Annual
Cash paid for amounts included in the measurement of operating lease liabilities	`OperatingLeasePayments`	$23.66M	USD	Annual
Cash paid for amounts included in the measurement of operating lease liabilities	`OperatingLeasePayments`	$21.77M	USD	Annual
Unpaid purchases of property and equipment	`CapitalExpendituresIncurredButNotYetPaid`	$257.00K	USD	Annual
Unpaid purchases of property and equipment	`CapitalExpendituresIncurredButNotYetPaid`	$684.00K	USD	Annual
Unpaid purchases of property and equipment	`CapitalExpendituresIncurredButNotYetPaid`	$406.00K	USD	Annual
Right-of-use assets obtained in exchange for operating lease liabilities	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$19.98M	USD	Annual
Right-of-use assets obtained in exchange for operating lease liabilities	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$28.31M	USD	Annual
Right-of-use assets obtained in exchange for operating lease liabilities	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$27.03M	USD	Annual
Issuance of stock for the settlement of deferred consideration	`IssuanceOfStockForTheSettlementOfDeferredConsideration`	$1.00M	USD	Annual
Issuance of stock for the settlement of deferred consideration	`IssuanceOfStockForTheSettlementOfDeferredConsideration`	$1.42M	USD	Annual
Issuance of stock for the settlement of deferred consideration	`IssuanceOfStockForTheSettlementOfDeferredConsideration`	$1.83M	USD	Annual
Dividend payable	`DividendsPayableNonCashInvestingAndFinancingActivity`	$2.21M	USD	Annual
Dividend payable	`DividendsPayableNonCashInvestingAndFinancingActivity`	-	USD	Annual
Dividend payable	`DividendsPayableNonCashInvestingAndFinancingActivity`	$923.00K	USD	Annual

Stockholders Equity 28 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$645.27M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$546.84M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$696.30M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$713.51M	USD	Point-in-time
Net and comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$99.70M	USD	Annual
Net and comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$140.81M	USD	Annual
Net and comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-31.19M	USD	Annual
Dividends	`DividendsCommonStock`	$20.37M	USD	Annual
Dividends	`DividendsCommonStock`	$62.57M	USD	Annual
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$17.31M	USD	Annual
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$24.15M	USD	Annual
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$10.36M	USD	Annual
Issuance of common stock pursuant to employee stock purchase plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$709.00K	USD	Annual
Issuance of common stock pursuant to employee stock purchase plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$653.00K	USD	Annual
Issuance of common stock pursuant to employee stock purchase plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$661.00K	USD	Annual
Issuance of common stock for stock settled deferred consideration	`StockIssuedDuringPeriodValueAcquisitions`	$1.83M	USD	Annual
Issuance of common stock for stock settled deferred consideration	`StockIssuedDuringPeriodValueAcquisitions`	$1.00M	USD	Annual
Issuance of common stock for stock settled deferred consideration	`StockIssuedDuringPeriodValueAcquisitions`	$1.42M	USD	Annual
Shares withheld related to net share settlement of stock-based awards (in shares)	`SharesPaidForTaxWithholdingForShareBasedCompensation`	138,451.00	shares	Annual
Shares withheld related to net share settlement of stock-based awards	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$9.74M	USD	Annual
Shares withheld related to net share settlement of stock-based awards	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$3.35M	USD	Annual
Shares withheld related to net share settlement of stock-based awards	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$4.44M	USD	Annual
Repurchases of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$38.88M	USD	Annual
Repurchases of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$29.62M	USD	Annual
Ending Balance	`StockholdersEquity`	$645.27M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$546.84M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$696.30M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$713.51M	USD	Point-in-time

Comprehensive Income 27 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`NetIncomeLoss`	$-34.03M	USD	Annual
Marketable debt securities, available-for-sale, net change, tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax`	$-505.00K	USD	Annual
Marketable debt securities, available-for-sale, net change, tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax`	$-1.56M	USD	Annual
Net (loss) income	`NetIncomeLoss`	$104.22M	USD	Annual
Net (loss) income	`NetIncomeLoss`	$142.47M	USD	Annual
Marketable debt securities, available-for-sale, net change, tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax`	$813.00K	USD	Annual
Foreign currency translation gain (loss), tax	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	-	USD	Annual
Foreign currency translation gain (loss), tax	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	-	USD	Annual
Foreign currency translation gain (loss), tax	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	-	USD	Annual
Change in net unrealized gains and losses	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$2.30M	USD	Annual
Change in net unrealized gains and losses	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-4.57M	USD	Annual
Change in net unrealized gains and losses	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-1.55M	USD	Annual
Reclassification adjustment for net gains and losses included in other income, net	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$70.00K	USD	Annual
Reclassification adjustment for net gains and losses included in other income, net	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$-72.00K	USD	Annual
Reclassification adjustment for net gains and losses included in other income, net	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$-142.00K	USD	Annual
Net change, net of tax of $813, $(1,559) and $(505) for the years ended December 31, 2023, 2022, and 2021, respectively	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-1.48M	USD	Annual
Net change, net of tax of $813, $(1,559) and $(505) for the years ended December 31, 2023, 2022, and 2021, respectively	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-4.63M	USD	Annual
Net change, net of tax of $813, $(1,559) and $(505) for the years ended December 31, 2023, 2022, and 2021, respectively	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$2.44M	USD	Annual
Foreign currency translation gain (loss), net of tax of $0 for each of the years ended December 31, 2023, 2022, and 2021, respectively	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$407.00K	USD	Annual
Foreign currency translation gain (loss), net of tax of $0 for each of the years ended December 31, 2023, 2022, and 2021, respectively	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-182.00K	USD	Annual
Foreign currency translation gain (loss), net of tax of $0 for each of the years ended December 31, 2023, 2022, and 2021, respectively	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$108.00K	USD	Annual
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-4.53M	USD	Annual
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$2.85M	USD	Annual
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-1.66M	USD	Annual
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTax`	$99.70M	USD	Annual
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTax`	$140.81M	USD	Annual
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTax`	$-31.19M	USD	Annual

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