Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified |
Mar. 31, 2015
|
Dec. 31, 2014
|
---|---|---|
Current assets: | ||
Cash and cash equivalents | $ 124,060us-gaap_CashAndCashEquivalentsAtCarryingValue | $ 149,159us-gaap_CashAndCashEquivalentsAtCarryingValue |
Commissions receivable | 4,591mmi_CommissionsReceivableCurrent | 3,412mmi_CommissionsReceivableCurrent |
Employee notes receivable | 76us-gaap_DueFromEmployeesCurrent | 216us-gaap_DueFromEmployeesCurrent |
Prepaid expenses | 4,187us-gaap_PrepaidExpenseCurrent | 7,536us-gaap_PrepaidExpenseCurrent |
Income tax receivable | 446us-gaap_IncomeTaxesReceivable | 1,711us-gaap_IncomeTaxesReceivable |
Deferred tax assets, net | 12,228us-gaap_DeferredTaxAssetsNetCurrent | 13,600us-gaap_DeferredTaxAssetsNetCurrent |
Other assets, net | 3,501us-gaap_OtherAssetsCurrent | 2,839us-gaap_OtherAssetsCurrent |
Total current assets | 149,089us-gaap_AssetsCurrent | 178,473us-gaap_AssetsCurrent |
Prepaid rent | 3,713us-gaap_PrepaidRent | 3,645us-gaap_PrepaidRent |
Property and equipment, net | 8,038us-gaap_PropertyPlantAndEquipmentNet | 7,693us-gaap_PropertyPlantAndEquipmentNet |
Employee notes receivable | 142us-gaap_DueFromEmployeesNoncurrent | 162us-gaap_DueFromEmployeesNoncurrent |
Marketable securities, available for sale | 25,331us-gaap_AvailableForSaleSecuritiesDebtSecuritiesNoncurrent | 14,752us-gaap_AvailableForSaleSecuritiesDebtSecuritiesNoncurrent |
Investments held in rabbi trust | 5,631us-gaap_DeferredCompensationPlanAssets | 4,332us-gaap_DeferredCompensationPlanAssets |
Deferred tax assets, net | 21,089us-gaap_DeferredTaxAssetsNetNoncurrent | 21,265us-gaap_DeferredTaxAssetsNetNoncurrent |
Other assets | 4,296us-gaap_OtherAssetsNoncurrent | 3,282us-gaap_OtherAssetsNoncurrent |
Total assets | 217,329us-gaap_Assets | 233,604us-gaap_Assets |
Current liabilities: | ||
Accounts payable and accrued expenses | 10,529us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent | 9,488us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent |
Accounts payable and accrued expenses - related party, net | 273us-gaap_DueToRelatedPartiesCurrent | 97us-gaap_DueToRelatedPartiesCurrent |
Notes payable to former stockholders | 894us-gaap_OtherNotesPayableCurrent | 894us-gaap_OtherNotesPayableCurrent |
Commissions payable | 17,640us-gaap_AccruedSalesCommissionCurrent | 28,932us-gaap_AccruedSalesCommissionCurrent |
Accrued bonuses and other employee related expenses | 8,543us-gaap_EmployeeRelatedLiabilitiesCurrent | 27,793us-gaap_EmployeeRelatedLiabilitiesCurrent |
Total current liabilities | 37,879us-gaap_LiabilitiesCurrent | 67,204us-gaap_LiabilitiesCurrent |
Deferred compensation and commissions | 34,048mmi_DeferredCompensationAndCommissionsNonCurrent | 36,581mmi_DeferredCompensationAndCommissionsNonCurrent |
Notes payable to former stockholders | 10,610us-gaap_OtherLongTermNotesPayable | 10,610us-gaap_OtherLongTermNotesPayable |
Other liabilities | 2,332us-gaap_OtherLiabilitiesNoncurrent | 2,400us-gaap_OtherLiabilitiesNoncurrent |
Total liabilities | 84,869us-gaap_Liabilities | 116,795us-gaap_Liabilities |
Stockholders' equity: | ||
Preferred stock, $0.0001 par value: Authorized shares - 25,000,000; issued and outstanding shares - none at March 31, 2015 and December 31, 2014 | ||
Common Stock $0.0001 par value: Authorized shares - 150,000,000; issued and outstanding shares - 37,072,155 and 36,918,442 at March 31, 2015 and December 31, 2014, respectively | 4us-gaap_CommonStockValue | 4us-gaap_CommonStockValue |
Additional paid-in capital | 76,679us-gaap_AdditionalPaidInCapital | 75,058us-gaap_AdditionalPaidInCapital |
Stock notes receivable from employees | (4)mmi_StockNotesReceivableFromEmployees | (4)mmi_StockNotesReceivableFromEmployees |
Retained earnings | 55,261us-gaap_RetainedEarningsAccumulatedDeficit | 41,592us-gaap_RetainedEarningsAccumulatedDeficit |
Accumulated other comprehensive income | 520us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax | 159us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax |
Total stockholders' equity | 132,460us-gaap_StockholdersEquity | 116,809us-gaap_StockholdersEquity |
Total liabilities and stockholders' equity | $ 217,329us-gaap_LiabilitiesAndStockholdersEquity | $ 233,604us-gaap_LiabilitiesAndStockholdersEquity |
X | ||||||||||
- Definition
Commissions receivable current. No definition available.
|
X | ||||||||||
- Definition
Aggregate carrying value as of the balance sheet date of the liabilities for deferred compensation arrangements related to Rabbi Trust, deferred commissions payable and other commissions related obligations and SARs Liability. No definition available.
|
X | ||||||||||
- Definition
Amounts receivable from employees from the exercise of stock options through the issuance of notes receivable. No definition available.
|
X | ||||||||||
- Definition
Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Carrying value as of the balance sheet date of obligations incurred through that date and payable for sales commissions. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Excess of issue price over par or stated value of the entity's capital stock and amounts received from other transactions involving the entity's stock or stockholders. Includes adjustments to additional paid in capital. Some examples of such adjustments include recording the issuance of debt with a beneficial conversion feature and certain tax consequences of equity instruments awarded to employees. Use this element for the aggregate amount of additional paid-in capital associated with common and preferred stock. For additional paid-in capital associated with only common stock, use the element additional paid in capital, common stock. For additional paid-in capital associated with only preferred stock, use the element additional paid in capital, preferred stock. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Total of debt securities categorized neither as held-to-maturity nor trading which are intended be sold or mature more than one year from the balance sheet date or operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Carrying amount as of the balance sheet date of assets held under deferred compensation agreements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount after allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards expected to be realized or consumed within one year or operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount after allocation of valuation allowances of noncurrent deferred tax asset attributable to deductible temporary differences and carryforwards. Noncurrent assets are expected to be realized or consumed after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amounts due from an Entity employee, not to include stockholders or officers, which are usually due within 1 year (or 1 business cycle). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amounts due from an Entity employee, not to include stockholders or officers, which are usually due after 1 year (or 1 business cycle). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Carrying amount as of the balance sheet date of obligations due all related parties. For classified balance sheets, represents the current portion of such liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Total of the carrying values as of the balance sheet date of obligations incurred through that date and payable for obligations related to services received from employees, such as accrued salaries and bonuses, payroll taxes and fringe benefits. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Carrying amount due within one year of the balance sheet date (or one operating cycle, if longer) from tax authorities as of the balance sheet date representing refunds of overpayments or recoveries based on agreed-upon resolutions of disputes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Aggregate carrying amount, as of the balance sheet date, of current assets not separately disclosed in the balance sheet. Current assets are expected to be realized or consumed within one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Aggregate carrying amount, as of the balance sheet date, of noncurrent assets not separately disclosed in the balance sheet. Noncurrent assets are expected to be realized or consumed after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Aggregate carrying amount, as of the balance sheet date, of noncurrent obligations not separately disclosed in the balance sheet. Noncurrent liabilities are expected to be paid after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Carrying value of the noncurrent portion of notes payable which were initially due after one year or beyond the normal operating cycle, if longer, and which are not otherwise defined in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Carrying value of the current portion of notes payable which were initially due after one year or beyond the normal operating cycle, if longer, and which are not otherwise defined in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Aggregate par or stated value of issued nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable preferred shares, par value and other disclosure concepts are in another section within stockholders' equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of asset related to consideration paid in advance for costs that provide economic benefits within a future period of one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of asset related to consideration paid in advance for rent that provides economic benefits within a future period of one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cumulative amount of the reporting entity's undistributed earnings or deficit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|