| Schedule of Quarterly Financial Data |
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Three Months Ended |
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Dec. 31
2014 |
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Sep. 30
2014 |
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Jun. 30
2014 |
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Mar. 31
2014 |
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Dec. 31
2013 (1) |
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Sep. 30
2013 |
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Jun. 30
2013 |
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Mar. 31
2013 |
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(in thousands,
except per share data) |
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Consolidated Financial Statement Data:
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Total revenues
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$ |
172,444 |
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$ |
150,889 |
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$ |
134,265 |
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$ |
114,590 |
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$ |
149,101 |
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$ |
111,953 |
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$ |
105,471 |
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$ |
69,370 |
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Cost of services
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109,836 |
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92,269 |
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79,601 |
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68,396 |
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94,242 |
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67,718 |
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61,456 |
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41,221 |
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Operating income (loss)
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27,097 |
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23,721 |
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21,726 |
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12,062 |
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(8,165 |
) |
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12,625 |
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14,169 |
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2,657 |
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Net income (loss)
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16,430 |
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13,523 |
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12,796 |
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6,782 |
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(8,716 |
) |
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7,275 |
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8,009 |
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1,638 |
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Net (loss) income (attributable to MMREIS prior to IPO on
October 31, 2013)
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— |
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— |
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— |
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— |
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(17,967 |
) |
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7,275 |
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8,009 |
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1,638 |
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Net income attributable to Marcus & Millichap, Inc. subsequent
to IPO on October 31, 2013
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$ |
16,430 |
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$ |
13,523 |
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$ |
12,796 |
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$ |
6,782 |
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$ |
9,251 |
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$ |
— |
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$ |
— |
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$ |
— |
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Earnings per share (2):
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Basic
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$ |
0.42 |
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$ |
0.35 |
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$ |
0.33 |
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$ |
0.17 |
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$ |
0.24 |
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Diluted
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$ |
0.42 |
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$ |
0.35 |
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$ |
0.33 |
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$ |
0.17 |
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$ |
0.24 |
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(1) |
The three months ended
December 31, 2013 include non-cash stock-based and other
compensation charges of $31.3 million. See Note 10 –
“Stock-Based Compensation Plans” for additional
information. |
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(2) |
Earnings per share information are
presented for periods subsequent to the IPO on October 31,
2013. See Note 13 – “Earnings Per Share” for
additional information. |
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