Marcus & Millichap, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Fair Value Measurements (Tables)

Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2015

Schedule of Investments at Fair Value on Recurring Basis

Investments carried at fair value are categorized into one of the three categories described in Note 2 – “Accounting Policies” and consisted of the following (in thousands):


	December 31, 2015								December 31, 2014
	Fair Value		Level 1		Level 2		Level 3		Fair Value		Level 1		Level 2		Level 3
Assets held in rabbi trust	$	5,661	$	—	$	5,661	$	—	$	4,332	$	—	$	4,332	$	—

Money market funds ⁽¹⁾	$	5,987	$	5,987	$	—	$	—	$	25,310	$	25,310	$	—	$	—

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

	$	79,860	$	62,272	$	17,588	$	—	$	—	$	—	$	—	$	—

Long-term investments:
U.S. Treasuries	$	15,171	$	15,171	$	—	$	—	$	2,981	$	2,981	$	—	$	—
U.S. Government Sponsored Entities		12,022		—		12,022		—		2,016		—		2,016		—
Corporate debt securities		16,705		—		16,705		—		7,478		—		7,478		—
Asset-backed securities and other		10,497		—		10,497		—		2,277		—		2,277		—

	$	54,395	$	15,171	$	39,224	$	—	$	14,752	$	2,981	$	11,771	$	—

⁽¹⁾	Included in cash and cash equivalents.