Marcus & Millichap, Inc. Quarterly report pursuant to Section 13 or 15(d)

Selected Balance Sheet Data (Tables)

3 Months Ended

Mar. 31, 2014

Commissions receivable, net consisted of the following (in thousands):


	March 31, 2014			December 31, 2013
Commissions due from buyer/seller	$	2,296		$	3,241
Due from independent contractors ⁽¹⁾		1,094			973
Less allowance for doubtful accounts		(81	)		(99	)

	$	3,309		$	4,115

⁽¹⁾	The Company’s sales and financing professionals.

The following table presents the changes in the allowance for doubtful accounts (in thousands):


	March 31, 2014			March 31, 2013
Balance at beginning of period	$	(99	)	$	(129	)
Recoveries (provision) for losses on commissions receivable		18			—
Write-off of uncollectible commissions receivable		—			—

Balance at end of period	$	(81	)	$	(129	)

Other assets consisted of the following (in thousands):


	March 31, 2014		December 31, 2013
Commission notes receivable	$	27	$	82
Due from independent contractors ⁽¹⁾		511		566
Security deposits		1,052		1,126
Other		1,450		1,372

	$	3,040	$	3,146

⁽¹⁾	The Company’s sales and financing professionals.

Deferred compensation and commissions consisted of the following (in thousands):


	March 31, 2014		December 31, 2013
SARs liability	$	20,221	$	19,970
Commissions payable		5,136		8,623
Deferred compensation liability		3,653		3,584

	$	29,010	$	32,177

Other liabilities consisted of the following (in thousands):