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

Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2016

Investments carried at fair value are categorized into one of the three categories described above and consisted of the following (in thousands):


	March 31, 2016								December 31, 2015
	Fair Value		Level 1		Level 2		Level 3		Fair Value		Level 1		Level 2		Level 3
Assets held in rabbi trust	$	6,985	$	—	$	6,985	$	—	$	5,661	$	—	$	5,661	$	—

Money market funds ⁽¹⁾	$	49,477	$	49,477	$	—	$	—	$	5,987	$	5,987	$	—	$	—

Marketable securities, available-for-sale:
Short-term investments:
U.S. Treasuries	$	61,046	$	61,046	$	—	$	—	$	62,272	$	62,272	$	—	$	—
U.S. Government Sponsored Entities		14,066		—		14,066		—		17,559		—		17,559		—
Asset-backed securities and other		—		—		—		—		29		—		29		—

	$	75,112	$	61,046	$	14,066	$	—	$	79,860	$	62,272	$	17,588	$	—

Long-term investments:
U.S. Treasuries	$	18,434	$	18,434	$	—	$	—	$	15,171	$	15,171	$	—	$	—
U.S. Government Sponsored Entities		10,950		—		10,950		—		12,022		—		12,022		—
Corporate debt securities		16,933		—		16,933		—		16,705		—		16,705		—
Asset-backed securities and other		10,691		—		10,691		—		10,497		—		10,497		—

	$	57,008	$	18,434	$	38,574	$	—	$	54,395	$	15,171	$	39,224	$	—

⁽¹⁾	Included in cash and cash equivalents.