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

Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2016

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


	June 30, 2016								December 31, 2015
	Fair Value		Level 1		Level 2		Level 3		Fair Value		Level 1		Level 2		Level 3
Assets held in rabbi trust	$	7,106	$	—	$	7,106	$	—	$	5,661	$	—	$	5,661	$	—

Money market funds ⁽¹⁾	$	56,802	$	56,802	$	—	$	—	$	5,987	$	5,987	$	—	$	—

Marketable securities, available-for-sale:
Short-term investments:
U.S. Treasuries	$	53,313	$	53,313	$	—	$	—	$	62,272	$	62,272	$	—	$	—
U.S. Government Sponsored Entities		8,516		—		8,516		—		17,559		—		17,559		—
Corporate debt securities		19,946		—		19,946		—		29		—		29		—

	$	81,775	$	53,313	$	28,462	$	—	$	79,860	$	62,272	$	17,588	$	—

Long-term investments:
U.S. Treasuries	$	21,426	$	21,426	$	—	$	—	$	15,171	$	15,171	$	—	$	—
U.S. Government Sponsored Entities		15,967		—		15,967		—		12,022		—		12,022		—
Corporate debt securities		16,876		—		16,876		—		16,705		—		16,705		—
Asset-backed securities and other		9,909		—		9,909		—		10,497		—		10,497		—

	$	64,178	$	21,426	$	42,752	$	—	$	54,395	$	15,171	$	39,224	$	—

⁽¹⁾	Included in cash and cash equivalents.