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

Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)

6 Months Ended

Jun. 30, 2018

Federal Home Loan Banks [Abstract]

Changes in Accumulated Other Comprehensive Income, Net of Income Taxes

The components of accumulated other comprehensive income as of June 30, 2018, by component, net of income taxes consisted of the following (in thousands):


		Unrealized gains and (losses) of available-for-sale securities				Foreign currency translation ⁽³⁾				Total
Beginning balance, December 31, 2017		$	(62	)		$	1,002			$	940
Cumulative effect of change in accounting principle ⁽¹⁾			(13	)			—				(13	)

Balance at January 1, 2018, as adjusted			(75	)			1,002				927

Other comprehensive (loss) income before reclassifications			(664	)			73				(591	)
Amounts reclassified from accumulated other comprehensive (loss) income ⁽²⁾			8				—				8

Net current-period other comprehensive (loss) income			(656	)			73				(583	)

Ending balance, June 30, 2018		$	(731	)		$	1,075			$	344

⁽¹⁾	Relates to reclassification of stranded tax effects from accumulated other comprehensive income to retained earnings as a result of adoption of ASU 2018-02. See Note 2 – “Accounting Policies and Recent Accounting Pronouncements” for additional information.

⁽²⁾	Included as a component of other income (expense), net in the condensed consolidated statements of net and comprehensive income. The reclassifications were determined on a specific identification basis.

⁽³⁾	The Company has not provided for U.S. taxes on unremitted earnings of its foreign subsidiary as it is operating at a loss and has no earnings and profits to remit. As a result, deferred taxes were not provided related to the cumulative foreign currency translation adjustments.