Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Net and Comprehensive Income

v2.4.1.9
Consolidated Statements of Net and Comprehensive Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
 12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Revenues:      
Real estate brokerage commissions $ 524,951mmi_RealEstateBrokerageCommissions $ 393,203mmi_RealEstateBrokerageCommissions $ 351,407mmi_RealEstateBrokerageCommissions
Financing fees 33,881mmi_FinancingFeesRevenue 25,921mmi_FinancingFeesRevenue 21,132mmi_FinancingFeesRevenue
Other revenues 13,356us-gaap_FeesAndCommissionsOther 16,771us-gaap_FeesAndCommissionsOther 13,177us-gaap_FeesAndCommissionsOther
Total revenues 572,188us-gaap_Revenues 435,895us-gaap_Revenues 385,716us-gaap_Revenues
Operating expenses:      
Cost of services 350,102us-gaap_CostOfServices 264,637us-gaap_CostOfServices 230,248us-gaap_CostOfServices
Selling, general, and administrative expense 134,274us-gaap_SellingGeneralAndAdministrativeExpense 115,661us-gaap_SellingGeneralAndAdministrativeExpense 103,479us-gaap_SellingGeneralAndAdministrativeExpense
Depreciation and amortization expense 3,206us-gaap_DepreciationAndAmortization 3,043us-gaap_DepreciationAndAmortization 2,981us-gaap_DepreciationAndAmortization
Stock-based and other compensation in connection with initial public offering   31,268mmi_StockbasedAndOtherCompensationInConnectionWithInitialPublicOffering  
Total operating expenses 487,582us-gaap_OperatingExpenses 414,609us-gaap_OperatingExpenses 336,708us-gaap_OperatingExpenses
Operating income 84,606us-gaap_OperatingIncomeLoss 21,286us-gaap_OperatingIncomeLoss 49,008us-gaap_OperatingIncomeLoss
Other income (expense), net 28us-gaap_NonoperatingIncomeExpense 760us-gaap_NonoperatingIncomeExpense 437us-gaap_NonoperatingIncomeExpense
Interest expense (1,651)us-gaap_InterestExpense (105)us-gaap_InterestExpense (4)us-gaap_InterestExpense
Income before provision for income taxes 82,983us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 21,941us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 49,441us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Provision for income taxes 33,452us-gaap_IncomeTaxExpenseBenefit 13,735us-gaap_IncomeTaxExpenseBenefit 21,507us-gaap_IncomeTaxExpenseBenefit
Net income 49,531us-gaap_NetIncomeLoss 8,206us-gaap_NetIncomeLoss 27,934us-gaap_NetIncomeLoss
Other comprehensive income:      
Unrealized gain on marketable securities, net of tax of $16, $0 and $0 for the years ended December 31, 2014, 2013 and 2012, respectively 24us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax    
Foreign currency translation gain, net of tax of $90, $0 and $0 for the years ended December 31, 2014, 2013 and 2012, respectively 135us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax    
Total other comprehensive income 159us-gaap_OtherComprehensiveIncomeLossNetOfTax    
Comprehensive income 49,690us-gaap_ComprehensiveIncomeNetOfTax 8,206us-gaap_ComprehensiveIncomeNetOfTax 27,934us-gaap_ComprehensiveIncomeNetOfTax
Net income attributable to Marcus & Millichap, Inc. subsequent to initial public offering:      
Net income 49,531us-gaap_NetIncomeLoss 8,206us-gaap_NetIncomeLoss 27,934us-gaap_NetIncomeLoss
Less: Net (loss) income attributable to Marcus & Millichap Real Estate Investment Services, Inc. prior to initial public offering on October 31, 2013   (1,045)mmi_NetIncomeLossPriorToInitialPublicOffering 27,934mmi_NetIncomeLossPriorToInitialPublicOffering
Net income attributable to Marcus & Millichap, Inc. subsequent to initial public offering $ 49,531mmi_NetIncomeLossSubsequentToInitialPublicOffering $ 9,251mmi_NetIncomeLossSubsequentToInitialPublicOffering  
Earnings per share      
Basic $ 1.27us-gaap_EarningsPerShareBasic [1] $ 0.24us-gaap_EarningsPerShareBasic [1]  
Diluted $ 1.27us-gaap_EarningsPerShareDiluted [1] $ 0.24us-gaap_EarningsPerShareDiluted [1]  
Weighted average common shares outstanding      
Basic 38,851us-gaap_WeightedAverageNumberOfSharesOutstandingBasic [1] 38,787us-gaap_WeightedAverageNumberOfSharesOutstandingBasic [1]  
Diluted 38,978us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding [1] 38,815us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding [1]  
[1] Earnings per share (EPS) for the twelve months ended December 31, 2013 represents EPS attributable to Marcus & Millichap, Inc. subsequent to its initial public offering on October 31, 2013. EPS information for periods prior to the initial public offering were not meaningful.