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

Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2015

Investments carried at fair value are categorized into one of the three categories described above and consisted of the following (in thousands):


	June 30, 2015								December 31, 2014
	Fair Value		Level 1		Level 2		Level 3		Fair Value		Level 1		Level 2		Level 3
Assets held in rabbi trust	$	5,627	$	—	$	5,627	$	—	$	4,332	$	—	$	4,332	$	—


Money market funds ⁽¹⁾	$	7,205	$	7,205	$	—	$	—	$	25,310	$	25,310	$	—	$	—


Marketable securities, available for sale:
Short-term investments:
U.S. Treasuries	$	31,944	$	31,944	$	—	$	—	$	—	$	—	$	—	$	—
U.S. Government Sponsored Entities		19,126		—		19,126		—		—		—		—		—

	$	51,070	$	31,944	$	19,126	$	—	$	—	$	—	$	—	$	—

Long-term investments:
U.S. Treasuries	$	12,496	$	12,496	$	—	$	—	$	2,980	$	2,980	$	—	$	—
U.S. Government Sponsored Entities		11,801		—		11,801		—		2,017		—		2,017		—
Corporate debt securities		16,946		—		16,946		—		7,478		—		7,478		—
Asset-backed securities and other		10,551		—		10,551		—		2,277		—		2,277		—

	$	51,794	$	12,496	$	39,298	$	—	$	14,752	$	2,980	$	11,772	$	—

⁽¹⁾	Included in cash and cash equivalents.