Annual report pursuant to Section 13 and 15(d)

Earnings Per Share (Tables)

v2.4.1.9
Earnings Per Share (Tables)
 12 Months Ended
Dec. 31, 2014
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share subsequent to the IPO for the year ended December 31, 2014 and the period from October 31, 2013 through December 31, 2013 (in thousands, except per share data):

 

     Year Ended
December 31, 2014		      Period from
October 31, 2013
through December
31, 2013		  

Numerator (Basic and Diluted):

      

Net income attributable to Marcus & Millichap, Inc.

    $ $49,531       $ 9,251   
  

 

 

     

 

 

  

Denominator:

Basic

Weighted average common shares issued and outstanding

   36,660      36,541   

Deduct: Unvested RSAs (1)

   (43 )    (30 ) 

Add: Fully vested DSUs (2)

   2,234      2,276   
  

 

 

     

 

 

  

Weighted Average Common Shares Outstanding

   38,851      38,787   
  

 

 

     

 

 

  

Basic earnings per common share

 $ 1.27    $ 0.24   
  

 

 

     

 

 

  

Diluted

Weighted Average Common Shares Outstanding from above

   38,851      38,787   

Add: Dilutive effect of RSUs, RSAs & ESPP

   127      28   
  

 

 

     

 

 

  

Weighted Average Common Shares Outstanding

   38,978      38,815   
  

 

 

     

 

 

  

Diluted earnings per common share

 $ 1.27    $ 0.24   
  

 

 

     

 

 

  

 

(1)  RSAs were issued and outstanding to the non-employee directors and have a three year vesting term subject to service requirements. See Note 10 – “Stock-Based Compensation Plans” for additional information.
(2)  DSUs shares are included in weighted average common shares outstanding as the DSUs were fully vested upon receipt. See Note 10 – “Stock-Based Compensation Plans” for additional information.