Commitments and Contingencies - Additional Information Credit Agreement (Detail) (USD $)
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3 Months Ended | |
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Mar. 31, 2015
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Mar. 31, 2014
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Line of Credit Facility [Line Items] | ||
Senior secured revolving credit facility maximum borrowing capacity | $ 60,000,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity | |
Revolving credit facility maturity date | Jun. 01, 2017 | |
Bank fees and other expenses | 224,000us-gaap_DeferredFinanceCostsGross | |
Credit agreement, unused capacity, commitment fee percentage | 0.10%us-gaap_LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage | |
Commitment fee commencement date | Jul. 01, 2014 | |
Date the Company entered into a Credit Agreement | Jun. 18, 2014 | |
Credit agreement date | Jun. 01, 2014 | |
Interest expense | 583,000us-gaap_InterestExpense | 404,000us-gaap_InterestExpense |
Credit agreement, amount outstanding | 0us-gaap_LineOfCredit | |
Standby letters of credit borrowing capacity | 10,000,000mmi_StandbyLettersOfCreditSublimit | |
Credit facility interest rate description | Credit Facility will bear interest, at the Company's option, at either the (i) Base Rate (defined as the highest of (a) the Bank's prime rate, (b) the Federal Funds Rate plus 1.5% and (c) one-month LIBOR plus 1.5%), or (ii) at a variable rate between 0.875% and 1.125% above LIBOR, based upon the total funded debt to EBITDA ratio. | |
LIBOR rate duration period | 1 month | |
Credit facility covenants | (i) an EBITDAR Coverage Ratio (as defined in the Credit Agreement) of not less than 1.251.0 as of each quarter end on a rolling 4-quarter basis and (ii) total funded debt to EBITDA not greater than 2.01.0 | |
Minimum EBITDAR coverage ratio | 1.25mmi_MinimumEbitdarCoverageRatio | |
Maximum Total Funded Debt to EBITDA ratio | 2.0mmi_MaximumFundedDebtToEbitdaRatio | |
Credit agreement, pledge percentage | 100.00%mmi_CreditFacilityPledgePercentage | |
Compliance description | As of March 31, 2015, the Company was in compliance with all financial and non-financial covenants. | |
London Interbank Offered Rate (LIBOR) [Member] | ||
Line of Credit Facility [Line Items] | ||
Base spread on variable rate |
1.50%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1 / us-gaap_VariableRateAxis = us-gaap_LondonInterbankOfferedRateLIBORMember |
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Credit Agreement [Member] | ||
Line of Credit Facility [Line Items] | ||
Interest expense |
$ 34,000us-gaap_InterestExpense / us-gaap_CreditFacilityAxis = mmi_CreditAgreementMember |
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Federal Funds Rate [Member] | ||
Line of Credit Facility [Line Items] | ||
Base spread on variable rate |
1.50%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1 / us-gaap_CreditFacilityAxis = mmi_FederalFundsRateMember |
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Minimum [Member] | Variable Rate [Member] | ||
Line of Credit Facility [Line Items] | ||
Base spread on variable rate |
0.875%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1 / us-gaap_CreditFacilityAxis = mmi_VariableRateMember / us-gaap_RangeAxis = us-gaap_MinimumMember |
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Maximum [Member] | Variable Rate [Member] | ||
Line of Credit Facility [Line Items] | ||
Base spread on variable rate |
1.125%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1 / us-gaap_CreditFacilityAxis = mmi_VariableRateMember / us-gaap_RangeAxis = us-gaap_MaximumMember |
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Credit Facility Pledge Percentage No definition available.
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Date Entered Into Credit Agreement No definition available.
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Line Of Credit Libor Rate Duration Period No definition available.
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Maximum Funded Debt To EBITDA Ratio No definition available.
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EBITDAR Coverage Ratio No definition available.
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Standby Letters Of Credit Sublimit No definition available.
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Percentage points added to the reference rate to compute the variable rate on the debt instrument. No definition available.
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For an unclassified balance sheet, the amount as of the balance sheet date of capitalized costs associated with the issuance of debt instruments (for example, legal, accounting, underwriting, printing, and registration costs) that will be charged against earnings over the life of the debt instruments to which such costs pertain. Such amount is before the consideration of accumulated amortization. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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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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The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Identification of whether the entity has been in compliance with any credit facility debt covenants during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Description of the conditions for borrowing under the credit facility including the nature of any restrictions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Date the first payment under the line of credit must be paid, in CCYY-MM-DD format. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Date the credit facility terminates, in CCYY-MM-DD format. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Date the credit facility first became available, in CCYY-MM-DD format. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Description of the interest rate for the amounts borrowed under the credit facility, including the terms and the method for determining the interest rate (for example, fixed or variable, LIBOR plus a percentage, increasing rate, timing of interest rate resets, remarketing provisions). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The fee, expressed as a percentage of the line of credit facility, for available but unused credit capacity under the credit facility. No definition available.
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