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

Selected Balance Sheet Data (Tables)

6 Months Ended

Jun. 30, 2014

Commissions and other receivables, net consisted of the following (in thousands):


	June 30, 2014			December 31, 2013
Commissions due from buyer/seller	$	3,993		$	3,241
Due from independent contractors ⁽¹⁾		1,907			973
Less: allowance for doubtful accounts		(73	)		(99	)

	$	5,827		$	4,115

⁽¹⁾	Represents commissions due from the Company’s sales and financing professionals.

The following table presents the changes in the allowance for doubtful accounts for the six months ended June 30, 2014 and 2013 (in thousands):


	June 30, 2014			June 30, 2013
Balance at beginning of period	$	(99	)	$	(129	)
Reduction (provision) for bad debt expense		26			—
Write-off of uncollectible commissions receivable		—			—

Balance at end of period	$	(73	)	$	(129	)

Other assets consisted of the following (in thousands):


	June 30, 2014		December 31, 2013
Commission notes receivable	$	40	$	82
Due from independent contractors ⁽¹⁾		514		566
Security deposits		1,153		1,126
Other		2,213		1,372

	$	3,920	$	3,146

⁽¹⁾	Represents amounts advanced on behalf of the Company’s sales and financing professionals.

Deferred compensation and commissions consisted of the following (in thousands):


	June 30, 2014		December 31, 2013
SARs liability	$	20,472	$	19,970
Commissions payable		6,196		8,623
Deferred compensation liability		3,800		3,584

	$	30,468	$	32,177

Other liabilities consisted of the following (in thousands):