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

Quarterly report pursuant to Section 13 or 15(d)

Investments in Marketable Securities (Tables)

Investments in Marketable Securities (Tables)

3 Months Ended

Mar. 31, 2015

Investments, Debt and Equity Securities [Abstract]

Schedule of Amortized Cost and Fair Value of Marketable Securities, Available-for-Sale, by Type of Security

Amortized cost and fair value of marketable securities, available-for-sale, by type of security consisted of the following (in thousands):


	March 31, 2015									December 31, 2014
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value		Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Type of security – long-term:
U.S. government and agency debt securities	$	7,037	$	63	$	(7	)	$	7,093	$	4,993	$	7	$	(3	)	$	4,997
Corporate debt securities		13,940		252		(5	)		14,187		7,442		48		(12	)		7,478
Asset-backed securities		3,999		52		—			4,051		2,277		4		(4	)		2,277

	$	24,976	$	367	$	(12	)	$	25,331	$	14,712	$	59	$	(19	)	$	14,752

Schedule of Amortized Cost and Fair Value of Marketable Securities, Available-for-Sale, by Contractual Maturity

Amortized cost and fair value of marketable securities, available-for-sale, by contractual maturity consisted of the following (dollars in thousands):


	March 31, 2015				December 31, 2014
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Due in one year or less	$	—	$	—	$	—	$	—
Due after one year through five years		9,797		9,877		4,679		4,679
Due after five years through ten years		11,771		11,961		5,652		5,662
Due after ten years		3,408		3,493		4,381		4,411

	$	24,976	$	25,331	$	14,712	$	14,752

Weighted average maturity date		8.9 years				9.6 years