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Condensed Consolidated Statements of Net and Comprehensive Income (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified |
3 Months Ended | |
|---|---|---|
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Mar. 31, 2015
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Mar. 31, 2014
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| Revenues: | ||
| Real estate brokerage commissions | $ 134,193mmi_RealEstateBrokerageCommissions | $ 104,748mmi_RealEstateBrokerageCommissions |
| Financing fees | 8,031mmi_FinancingFeesRevenue | 6,100mmi_FinancingFeesRevenue |
| Other revenues | 4,317us-gaap_FeesAndCommissionsOther | 3,742us-gaap_FeesAndCommissionsOther |
| Total revenues | 146,541us-gaap_Revenues | 114,590us-gaap_Revenues |
| Operating expenses: | ||
| Cost of services | 86,158us-gaap_CostOfServices | 68,396us-gaap_CostOfServices |
| Selling, general, and administrative expense | 35,829us-gaap_SellingGeneralAndAdministrativeExpense | 33,357us-gaap_SellingGeneralAndAdministrativeExpense |
| Depreciation and amortization expense | 780us-gaap_DepreciationAndAmortization | 775us-gaap_DepreciationAndAmortization |
| Total operating expenses | 122,767us-gaap_OperatingExpenses | 102,528us-gaap_OperatingExpenses |
| Operating income | 23,774us-gaap_OperatingIncomeLoss | 12,062us-gaap_OperatingIncomeLoss |
| Other income (expense), net | 125us-gaap_NonoperatingIncomeExpense | (61)us-gaap_NonoperatingIncomeExpense |
| Interest expense | (583)us-gaap_InterestExpense | (404)us-gaap_InterestExpense |
| Income before provision for income taxes | 23,316us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest | 11,597us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest |
| Provision for income taxes | 9,647us-gaap_IncomeTaxExpenseBenefit | 4,815us-gaap_IncomeTaxExpenseBenefit |
| Net income | 13,669us-gaap_NetIncomeLoss | 6,782us-gaap_NetIncomeLoss |
| Other comprehensive income: | ||
| Unrealized gain on marketable securities, net of tax of $126 and $0 for the three months ended March 31, 2015 and 2014, respectively | 188us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax | |
| Foreign currency translation gain, net of tax of $117 and $30 for the three months ended March 31, 2015 and 2014, respectively | 173us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax | 42us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax |
| Total other comprehensive income | 361us-gaap_OtherComprehensiveIncomeLossNetOfTax | 42us-gaap_OtherComprehensiveIncomeLossNetOfTax |
| Comprehensive income | $ 14,030us-gaap_ComprehensiveIncomeNetOfTax | $ 6,824us-gaap_ComprehensiveIncomeNetOfTax |
| Earnings per share: | ||
| Basic | $ 0.35us-gaap_EarningsPerShareBasic | $ 0.17us-gaap_EarningsPerShareBasic |
| Diluted | $ 0.35us-gaap_EarningsPerShareDiluted | $ 0.17us-gaap_EarningsPerShareDiluted |
| Weighted average common shares outstanding: | ||
| Basic | 39,029us-gaap_WeightedAverageNumberOfSharesOutstandingBasic | 38,847us-gaap_WeightedAverageNumberOfSharesOutstandingBasic |
| Diluted | 39,152us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding | 38,907us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding |
| X | ||||||||||
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- Definition
Fees earned from financing of commercial properties on purchase transactions, refinancing existing mortgage debt and other financing related fees. No definition available.
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- Definition
The amount of commissions revenue earned from acting as a broker for commercial real estate owner sellers or investor buyers. No definition available.
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- Definition
Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total costs related to services rendered by an entity during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Fee and commission revenue earned from sources not otherwise specified in the existing taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses from ongoing operations, after income or loss from equity method investments, but before income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- Details
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- Definition
The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Definition
Amount after tax, before reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount after tax and reclassification adjustments of other comprehensive income (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount after tax, before reclassification adjustments, of unrealized holding gain (loss) on available-for-sale securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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