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

Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2015

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


	September 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	$	5,334	$	—	$	5,334	$	—	$	4,332	$	—	$	4,332	$	—


Money market funds ⁽¹⁾	$	5,708	$	5,708	$	—	$	—	$	25,310	$	25,310	$	—	$	—


Marketable securities, available for sale:
Short-term investments:
U.S. Treasuries	$	70,528	$	70,528	$	—	$	—	$	—	$	—	$	—	$	—
U.S. Government Sponsored Entities		19,112		—		19,112		—		—		—		—		—
Asset-backed securities and other		124		—		124		—		—		—		—		—

	$	89,764	$	70,528	$	19,236	$	—	$	—	$	—	$	—	$	—

Long-term investments:
U.S. Treasuries	$	6,107	$	6,107	$	—	$	—	$	2,981	$	2,981	$	—	$	—
U.S. Government Sponsored Entities		11,742		—		11,742		—		2,016		—		2,016		—
Corporate debt securities		16,827		—		16,827		—		7,478		—		7,478		—
Asset-backed securities and other		10,328		—		10,328		—		2,277		—		2,277		—

	$	45,004	$	6,107	$	38,897	$	—	$	14,752	$	2,981	$	11,771	$	—

⁽¹⁾	Included in cash and cash equivalents.