$MMI
Marcus & Millichap, Inc.

2013 Form 10-K Financial Statement

#000119312514110596 Filed on March 21, 2014

View on sec.gov

Income Statement

Concept 2013 2012 Q4 2012 Q3
Revenue $435.9M $147.6M $91.23M
YoY Change 13.01% 71.67% 25.49%
Cost Of Revenue $264.6M $91.35M $54.19M
YoY Change 14.94% 73.66% 24.87%
Gross Profit $171.3M $56.29M $37.03M
YoY Change 10.16% 69.05% 25.97%
Gross Profit Margin 39.29% 38.13% 40.59%
Selling, General & Admin $115.7M $32.60M $25.01M
YoY Change 11.77% 36.97% 16.86%
% of Gross Profit 67.54% 57.91% 67.52%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.000M $800.0K $700.0K
YoY Change 0.0% 14.29% 0.0%
% of Gross Profit 1.75% 1.42% 1.89%
Operating Expenses $414.6M $33.40M $79.93M
YoY Change 23.14% 35.77% 261.69%
Operating Profit $21.29M $22.97M $11.30M
YoY Change -56.57% 163.99% 54.73%
Interest Expense $105.0K
YoY Change 2525.0%
% of Operating Profit 0.49%
Other Income/Expense, Net $760.0K $100.0K $41.00K
YoY Change 73.91% -50.0% -120.5%
Pretax Income $21.94M $23.10M $11.34M
YoY Change -55.62% 156.67% 59.66%
Income Tax $13.74M $10.00M $4.931M
% Of Pretax Income 62.6% 43.29% 43.5%
Net Earnings $8.206M $13.04M $6.405M
YoY Change -70.62% 155.65% 60.13%
Net Earnings / Revenue 1.88% 8.83% 7.02%
Basic Earnings Per Share $0.24
Diluted Earnings Per Share $0.24 $364.1K $179.3K
COMMON SHARES
Basic Shares Outstanding 38.79M shares
Diluted Shares Outstanding 38.82M shares

Balance Sheet

Concept 2013 2012 Q4 2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $101.0M $3.100M
YoY Change 3158.06%
Cash & Equivalents $101.0M $3.107M $4.849M
Short-Term Investments
Other Short-Term Assets $15.40M $2.900M
YoY Change 431.03%
Inventory
Prepaid Expenses
Receivables $5.800M
Other Receivables $800.0K
Total Short-Term Assets $119.8M $12.58M
YoY Change 850.79%
LONG-TERM ASSETS
Property, Plant & Equipment $8.600M $6.688M
YoY Change 28.36%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $4.100M $63.30M
YoY Change -93.52%
Other Assets $34.70M $3.965M
YoY Change 468.85%
Total Long-Term Assets $47.50M $77.15M
YoY Change -38.39%
TOTAL ASSETS
Total Short-Term Assets $119.8M $12.58M
Total Long-Term Assets $47.50M $77.15M
Total Assets $167.3M $89.73M
YoY Change 86.51%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $25.10M $22.60M
YoY Change 11.06%
Accrued Expenses $16.90M $17.50M
YoY Change -3.43%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $900.0K
YoY Change
Total Short-Term Liabilities $56.80M $54.45M
YoY Change 4.22%
LONG-TERM LIABILITIES
Long-Term Debt $11.50M $0.00
YoY Change
Other Long-Term Liabilities $36.50M $4.529M
YoY Change 166.42%
Total Long-Term Liabilities $48.00M $4.529M
YoY Change 250.36%
TOTAL LIABILITIES
Total Short-Term Liabilities $56.80M $54.45M
Total Long-Term Liabilities $48.00M $4.529M
Total Liabilities $104.8M $68.10M
YoY Change 53.89%
SHAREHOLDERS EQUITY
Retained Earnings -$3.182M
YoY Change
Common Stock $234.0K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $62.50M $21.63M
YoY Change
Total Liabilities & Shareholders Equity $167.3M $89.73M
YoY Change 86.51%

Cashflow Statement

Concept 2013 2012 Q4 2012 Q3
OPERATING ACTIVITIES
Net Income $8.206M $13.04M $6.405M
YoY Change -70.62% 155.65% 60.13%
Depreciation, Depletion And Amortization $3.000M $800.0K $700.0K
YoY Change 0.0% 14.29% 0.0%
Cash From Operating Activities $96.94M $14.90M $9.600M
YoY Change 174.21%
INVESTING ACTIVITIES
Capital Expenditures $4.795M -$1.700M -$900.0K
YoY Change 5.08%
Acquisitions
YoY Change
Other Investing Activities $800.0K $100.0K -$100.0K
YoY Change -900.0%
Cash From Investing Activities -$4.024M -$1.500M -$1.000M
YoY Change -13.22%
FINANCING ACTIVITIES
Cash Dividend Paid $37.68M
YoY Change 22.52%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 4.925M -15.10M -7.600M
YoY Change -116.01%
NET CHANGE
Cash From Operating Activities 96.94M 14.90M 9.600M
Cash From Investing Activities -4.024M -1.500M -1.000M
Cash From Financing Activities 4.925M -15.10M -7.600M
Net Change In Cash 97.85M -1.700M 1.000M
YoY Change -191952.94%
FREE CASH FLOW
Cash From Operating Activities $96.94M $14.90M $9.600M
Capital Expenditures $4.795M -$1.700M -$900.0K
Free Cash Flow $92.15M $16.60M $10.50M
YoY Change 199.27%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2013 mmi Amount Of Shared Services Arrangement Expense
AmountOfSharedServicesArrangementExpense
600000
CY2013Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
1.00
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
52970000
CY2014Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
36600897 shares
CY2013Q2 dei Entity Public Float
EntityPublicFloat
0
CY2013Q1 mmi Stock Appreciation Rights Liability
StockAppreciationRightsLiability
20000000
CY2010Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
25.25
CY2010Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3025 shares
CY2010Q4 us-gaap Stockholders Equity
StockholdersEquity
21698000
CY2010Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
4932000
CY2011Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
25.67
CY2011Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3500 shares
CY2011Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
143000
CY2011Q4 us-gaap Stockholders Equity
StockholdersEquity
20157000
CY2011Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
3158000
CY2012Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
0 shares
CY2012Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
0 shares
CY2012Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
28.86
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
750 shares
CY2012Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
0 shares
CY2012Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
0 shares
CY2012Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0000
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
CY2012Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0000
CY2012Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2012Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
17917000
CY2012Q4 us-gaap Deferred Compensation Cashbased Arrangements Liability Classified Noncurrent
DeferredCompensationCashbasedArrangementsLiabilityClassifiedNoncurrent
2421000
CY2012Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
24718000
CY2012Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
129000
CY2012Q4 us-gaap Liabilities Current
LiabilitiesCurrent
54453000
CY2012Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
17519000
CY2012Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
4529000
CY2012Q4 us-gaap Stockholders Equity
StockholdersEquity
21630000
CY2012Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
129000
CY2012Q4 us-gaap Other Accrued Liabilities Noncurrent
OtherAccruedLiabilitiesNoncurrent
1826000
CY2012Q4 us-gaap Accrued Vacation Current
AccruedVacationCurrent
919000
CY2012Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
14350000
CY2012Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-3182000
CY2012Q4 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
16600000
CY2012Q4 us-gaap Accrued Sales Commission Current
AccruedSalesCommissionCurrent
22584000
CY2012Q4 us-gaap Deferred Rent Credit Noncurrent
DeferredRentCreditNoncurrent
2703000
CY2012Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
89733000
CY2012Q4 us-gaap Liabilities
Liabilities
68103000
CY2012Q4 us-gaap Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
49700000
CY2012Q4 us-gaap Deferred Rent Credit
DeferredRentCredit
3200000
CY2012Q4 us-gaap Related Party Transaction Due From To Related Party
RelatedPartyTransactionDueFromToRelatedParty
60389000
CY2012Q4 us-gaap Assets Current
AssetsCurrent
12581000
CY2012Q4 us-gaap Due From Employees Current
DueFromEmployeesCurrent
807000
CY2012Q4 us-gaap Due From Related Parties Noncurrent
DueFromRelatedPartiesNoncurrent
60389000
CY2012Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
3965000
CY2012Q4 us-gaap Assets
Assets
89733000
CY2012Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
3107000
CY2012Q4 us-gaap Deferred Compensation Plan Assets
DeferredCompensationPlanAssets
2905000
CY2012Q4 us-gaap Due From Employees Noncurrent
DueFromEmployeesNoncurrent
350000
CY2012Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
2903000
CY2012Q4 us-gaap Due From Employees
DueFromEmployees
1200000
CY2012Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
6688000
CY2012Q4 mmi Number Of Components
NumberOfComponents
2 Component
CY2012Q4 mmi Commissions Receivable Net
CommissionsReceivableNet
5764000
CY2012Q4 mmi Deferred Compensation And Commissions Non Current
DeferredCompensationAndCommissionsNonCurrent
9121000
CY2012Q4 mmi Stock Notes Receivable From Employees
StockNotesReceivableFromEmployees
150000
CY2012Q4 mmi Commissions Due From Buyer And Seller
CommissionsDueFromBuyerAndSeller
5205000
CY2012Q4 mmi Due From Sales Agents
DueFromSalesAgents
688000
CY2012Q4 mmi Commissions Payable Noncurrent
CommissionsPayableNoncurrent
6700000
CY2012Q4 mmi Leasehold Improvements For Leased Office
LeaseholdImprovementsForLeasedOffice
2855000
CY2013Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
36600897 shares
CY2013Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
36600897 shares
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
913915 shares
CY2013Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2013Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
25000000 shares
CY2013Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
150000000 shares
CY2013Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Maximum Employee Subscription Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumEmployeeSubscriptionRate
0.15 pure
CY2013Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2013Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2013Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
7651000
CY2013Q4 us-gaap Preferred Stock Value
PreferredStockValue
CY2013Q4 us-gaap Deferred Tax Assets Valuation Allowance Current
DeferredTaxAssetsValuationAllowanceCurrent
20000
CY2013Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
10977000
CY2013Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
939000
CY2013Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
19412000
CY2013Q4 us-gaap Deferred Compensation Cashbased Arrangements Liability Classified Noncurrent
DeferredCompensationCashbasedArrangementsLiabilityClassifiedNoncurrent
3584000
CY2013Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
70445000
CY2013Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
40837000
CY2013Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
99000
CY2013Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
4674000
CY2013Q4 us-gaap Deferred Tax Liabilities Prepaid Expenses
DeferredTaxLiabilitiesPrepaidExpenses
915000
CY2013Q4 us-gaap Other Employee Related Liabilities Current
OtherEmployeeRelatedLiabilitiesCurrent
544000
CY2013Q4 us-gaap Liabilities Current
LiabilitiesCurrent
56760000
CY2013Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
1843000
CY2013Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
16947000
CY2013Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
4371000
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
62497000
CY2013Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
99000
CY2013Q4 us-gaap Other Accrued Liabilities Noncurrent
OtherAccruedLiabilitiesNoncurrent
1351000
CY2013Q4 us-gaap Liability For Uncertain Tax Positions Current
LiabilityForUncertainTaxPositionsCurrent
0
CY2013Q4 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
506000
CY2013Q4 us-gaap Accrued Vacation Current
AccruedVacationCurrent
975000
CY2013Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
2984000
CY2013Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
1035000
CY2013Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
6911000
CY2013Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-7939000
CY2013Q4 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
15428000
CY2013Q4 us-gaap Accrued Sales Commission Current
AccruedSalesCommissionCurrent
25086000
CY2013Q4 us-gaap Deferred Rent Credit Noncurrent
DeferredRentCreditNoncurrent
2952000
CY2013Q4 us-gaap Common Stock Value
CommonStockValue
4000
CY2013Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
167309000
CY2013Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
6459000
CY2013Q4 us-gaap Other Long Term Notes Payable
OtherLongTermNotesPayable
11504000
CY2013Q4 us-gaap Other Notes Payable Current
OtherNotesPayableCurrent
851000
CY2013Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
894000
CY2013Q4 us-gaap Other Liabilities
OtherLiabilities
68000
CY2013Q4 us-gaap Liabilities
Liabilities
104812000
CY2013Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
7691000
CY2013Q4 us-gaap Deferred Rent Credit
DeferredRentCredit
3700000
CY2013Q4 us-gaap Interest Payable Current
InterestPayableCurrent
400000
CY2013Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
985000
CY2013Q4 us-gaap Other Notes Payable
OtherNotesPayable
12355000
CY2013Q4 us-gaap Deferred Tax Assets Valuation Allowance Noncurrent
DeferredTaxAssetsValuationAllowanceNoncurrent
266000
CY2013Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
12668000
CY2013Q4 us-gaap Related Party Transaction Due From To Related Party
RelatedPartyTransactionDueFromToRelatedParty
CY2013Q4 us-gaap Assets Current
AssetsCurrent
119163000
CY2013Q4 us-gaap Due From Employees Current
DueFromEmployeesCurrent
229000
CY2013Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
369000
CY2013Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
3146000
CY2013Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
1544000
CY2013Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
5668000
CY2013Q4 us-gaap Deferred Tax Assets Liabilities Net Current
DeferredTaxAssetsLiabilitiesNetCurrent
8663000
CY2013Q4 us-gaap Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
27185000
CY2013Q4 us-gaap Assets
Assets
167309000
CY2013Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
100952000
CY2013Q4 us-gaap Deferred Tax Assets Liabilities Net Noncurrent
DeferredTaxAssetsLiabilitiesNetNoncurrent
27185000
CY2013Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
-26572000
CY2013Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
12200000
CY2013Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
427000
CY2013Q4 mmi Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested And Expected To Vest Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedAndExpectedToVestValue
900000
CY2013Q4 mmi Completion Date Of Initial Public Offering
CompletionDateOfInitialPublicOffering
2013-11-05
CY2013Q4 mmi Percentage Of Common Stock Distributed
PercentageOfCommonStockDistributed
0.800 pure
CY2013Q4 mmi Due From Sales Agents
DueFromSalesAgents
973000
CY2013Q4 mmi Commissions Payable Noncurrent
CommissionsPayableNoncurrent
8623000
CY2013Q4 mmi Leasehold Improvements For Leased Office
LeaseholdImprovementsForLeasedOffice
4999000
CY2013Q4 mmi Deferred Tax Assets Deferred Compensation Current
DeferredTaxAssetsDeferredCompensationCurrent
2325000
CY2013Q4 mmi Deferred Tax Liabilities State Taxes Noncurrent
DeferredTaxLiabilitiesStateTaxesNoncurrent
2213000
CY2013Q4 mmi Interest Expense Related To Notes Payable Prior To Ipo
InterestExpenseRelatedToNotesPayablePriorToIpo
318000
CY2013Q4 mmi Stock Notes Receivable From Employees
StockNotesReceivableFromEmployees
13000
CY2013Q4 mmi Commissions Due From Buyer And Seller
CommissionsDueFromBuyerAndSeller
3241000
CY2013Q4 mmi Deferred Tax Assets Deferred Rent Current
DeferredTaxAssetsDeferredRentCurrent
335000
CY2013Q4 mmi Deferred Tax Assets Deferred Compensation Noncurrent
DeferredTaxAssetsDeferredCompensationNoncurrent
6396000
CY2013Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals
1290000
CY2013Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
16200000
CY2013Q4 us-gaap Deferred Compensation Plan Assets
DeferredCompensationPlanAssets
4067000
CY2013Q4 us-gaap Due From Employees Noncurrent
DueFromEmployeesNoncurrent
189000
CY2013Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
5204000
CY2013Q4 us-gaap Due From Employees
DueFromEmployees
400000
CY2013Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Legal Settlements
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsLegalSettlements
887000
CY2013Q4 us-gaap Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
8663000
CY2013Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
8560000
CY2013Q4 mmi Deferred Tax Assets Liabilities Gross Noncurrent
DeferredTaxAssetsLiabilitiesGrossNoncurrent
27451000
CY2013Q4 mmi Stock Appreciation Rights Liability
StockAppreciationRightsLiability
19970000
CY2013Q4 mmi Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost Noncurrent
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCostNoncurrent
19151000
CY2013Q4 mmi Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Expected To Vest Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExpectedToVestIntrinsicValue
13600000
CY2013Q4 mmi Deferred Tax Liabilities State Taxes Current
DeferredTaxLiabilitiesStateTaxesCurrent
389000
CY2013Q4 mmi Deferred Tax Assets Liabilities Gross Current
DeferredTaxAssetsLiabilitiesGrossCurrent
8683000
CY2013Q4 mmi Deferred Tax Assets Deferred Rent Non Current
DeferredTaxAssetsDeferredRentNonCurrent
1259000
CY2013Q4 mmi Commissions Receivable Net
CommissionsReceivableNet
4115000
CY2013Q4 mmi Deferred Compensation And Commissions Non Current
DeferredCompensationAndCommissionsNonCurrent
32177000
CY2013Q1 mmi Stock Appreciation Rights Liability Frozen Value Date
StockAppreciationRightsLiabilityFrozenValueDate
2013-03-31
us-gaap Preferred Stock Voting Rights
PreferredStockVotingRights
The Series A Preferred stockholders did not have voting rights.
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
42313000
us-gaap Dividends Preferred Stock
DividendsPreferredStock
37681000
mmi Net Income Loss Prior To Initial Public Offering
NetIncomeLossPriorToInitialPublicOffering
-1045000
mmi Payments On Stock Notes Receivable From Employees
PaymentsOnStockNotesReceivableFromEmployees
158000
mmi Deemed Capital Contribution Distribution
DeemedCapitalContributionDistribution
-3291000
mmi Tax Sharing Agreement Termination Date
TaxSharingAgreementTerminationDate
2013-10-31
mmi Stockbased Compensation In Connection With Initial Public Offering
StockbasedCompensationInConnectionWithInitialPublicOffering
-30886000
mmi Tax Sharing Agreement Effective Tax Rate
TaxSharingAgreementEffectiveTaxRate
0.435 pure
CY2011 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35 pure
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
6937 shares
CY2011 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
25.47
CY2011 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
17816000
CY2011 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
25.27
CY2011 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
6462 shares
CY2011 us-gaap Revenues
Revenues
274705000
CY2011 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
460000
CY2011 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
1694000
CY2011 us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
121000
CY2011 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-35000
CY2011 us-gaap Operating Income Loss
OperatingIncomeLoss
23455000
CY2011 us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
310000
CY2011 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
0
CY2011 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
23805000
CY2011 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
800000
CY2011 us-gaap Fees And Commissions Other
FeesAndCommissionsOther
12850000
CY2011 us-gaap Interest Paid
InterestPaid
12000
CY2011 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
350000
CY2011 us-gaap Net Income Loss
NetIncomeLoss
13450000
CY2011 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
318000
CY2011 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
131000
CY2011 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3083000
CY2011 us-gaap Payments Of Dividends
PaymentsOfDividends
16526000
CY2011 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
3239000
CY2011 us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
500000
CY2011 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
180000
CY2011 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
686000
CY2011 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-16919000
CY2011 us-gaap Dividends Preferred Stock
DividendsPreferredStock
16526000
CY2011 us-gaap Cost Of Services
CostOfServices
162478000
CY2011 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
1270000
CY2011 us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
550000
CY2011 us-gaap Share Based Compensation
ShareBasedCompensation
1610000
CY2011 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
311000
CY2011 us-gaap Depreciation And Amortization
DepreciationAndAmortization
2971000
CY2011 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-1774000
CY2011 us-gaap Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
-1513000
CY2011 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
1270000
CY2011 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
15100000
CY2011 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
1165000
CY2011 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
8332000
CY2011 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
2147000
CY2011 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
172000
CY2011 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2671000
CY2011 us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
131000
CY2011 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0
CY2011 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
9085000
CY2011 us-gaap Repayment Of Notes Receivable From Related Parties
RepaymentOfNotesReceivableFromRelatedParties
56000
CY2011 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2851000
CY2011 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
9085000
CY2011 us-gaap Advertising Expense
AdvertisingExpense
500000
CY2011 us-gaap Operating Expenses
OperatingExpenses
251250000
CY2011 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
85801000
CY2011 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
10355000
CY2011 mmi Increase Decrease Investments In Trust Account
IncreaseDecreaseInvestmentsInTrustAccount
-240000
CY2011 mmi Payments On Stock Notes Receivable From Employees
PaymentsOnStockNotesReceivableFromEmployees
56000
CY2011 mmi Real Estate Brokerage Commissions
RealEstateBrokerageCommissions
245333000
CY2011 mmi Financing Fees Revenue
FinancingFeesRevenue
16522000
CY2011 mmi Increase Decrease In Commissions Receivable
IncreaseDecreaseInCommissionsReceivable
-738000
CY2011 mmi Increase Decrease Prepaid Rent Leasehold Improvements
IncreaseDecreasePrepaidRentLeaseholdImprovements
-668000
CY2013 dei Entity Registrant Name
EntityRegistrantName
Marcus & Millichap, Inc.
CY2013 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2013 dei Amendment Flag
AmendmentFlag
false
CY2013 dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
CY2013 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
CY2013 dei Document Type
DocumentType
10-K
CY2013 dei Document Period End Date
DocumentPeriodEndDate
2013-12-31
CY2013 dei Entity Central Index Key
EntityCentralIndexKey
0001578732
CY2011 mmi Commission Payable Increase Decrease
CommissionPayableIncreaseDecrease
-5511000
CY2011 mmi Deferred Compensation And Commissions Increase Decrease
DeferredCompensationAndCommissionsIncreaseDecrease
899000
CY2011 mmi Deemed Capital Contribution Distribution
DeemedCapitalContributionDistribution
1610000
CY2011 mmi Amount Of Shared Services Arrangement Expense
AmountOfSharedServicesArrangementExpense
900000
CY2011 mmi Income Tax Paid
IncomeTaxPaid
9440000
CY2011 mmi Issuance Of Restricted Stock For Notes Receivable
IssuanceOfRestrictedStockForNotesReceivable
163000
CY2011 mmi Tax Sharing Agreement Effective Tax Rate
TaxSharingAgreementEffectiveTaxRate
0.435 pure
CY2013 dei Trading Symbol
TradingSymbol
MMI
CY2013 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2013 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2013 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2013 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
shares
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
913915 shares
CY2013 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.24
CY2013 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
38815000 shares
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
CY2013 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35 pure
CY2013 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.24
CY2013 us-gaap Line Of Credit Facility Expiration Date1
LineOfCreditFacilityExpirationDate1
2015-12-26
CY2013 us-gaap Debt Instrument Maturity Date
DebtInstrumentMaturityDate
2019-06-01
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
CY2013 us-gaap Time Sharing Transactions Weighted Average Of Stated Interest Rates For Notes Receivable1
TimeSharingTransactionsWeightedAverageOfStatedInterestRatesForNotesReceivable1
0.02 pure
CY2013 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
28000 shares
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
14.46
CY2013 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
96944000
CY2013 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
28.86
CY2013 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
38787000 shares
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
0 shares
CY2013 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
750 shares
CY2013 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 18pt"> <i>Concentration of Credit Risk</i></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt; TEXT-INDENT: 4%"> Financial instruments that potentially subject the Company to a concentration of credit risk principally consist of cash and cash equivalents, due from affiliates, and receivables. Cash is placed with high-credit quality financial institutions. To reduce its credit risk, the Company monitors the credit standing of the financial institutions that hold the Company&#x2019;s cash and cash equivalents. The Company historically has not experienced any losses in its cash and cash equivalents or due from affiliates. The Company maintains allowances for estimated credit losses based on management&#x2019;s assessment of the likelihood of collection. As of December&#xA0;31, 2013 and 2012, no individual accounted for 10% or more of commissions or notes receivable.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt; TEXT-INDENT: 4%"> The Company derives its revenues from a broad range of real estate investors, owners, and users in the United States and Canada, none of which individually represents a significant concentration of credit risk. For the twelve months ended December&#xA0;31, 2013 and 2012, no individual customer represented 10% or more of total revenues.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt; TEXT-INDENT: 4%"> The Company performs ongoing credit evaluations of its customers and debtors and requires collateral on a case-by-case basis.</p> </div>
CY2013 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 18pt"> <i>Reclassifications</i></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt; TEXT-INDENT: 4%"> Certain prior-period amounts in these notes to consolidated financial statements have been reclassified to conform to the current period presentation. These changes had no impact on the previously reported consolidated results of operations or stockholders&#x2019; equity.</p> </div>
CY2013 us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 18pt"> <i>Use of Estimates</i></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt; TEXT-INDENT: 4%"> The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the related disclosures at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</p> </div>
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
shares
CY2013 us-gaap Additional Cash And Cash Equivalent Related Text
AdditionalCashAndCashEquivalentRelatedText
Historically, other than for a 2-week period around MMC's March 31 fiscal year end, the Company had a receivable from MMC for the cash that was swept. When the sweep arrangement was not in effect, during the week before and the week after March 31, the Company's cash balances remained in the Company's bank accounts.
CY2013 us-gaap Revenues
Revenues
435895000
CY2013 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
2301000
CY2013 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-765000
CY2013 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
0
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
21941000
CY2013 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
700000
CY2013 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
216000
CY2013 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-67000
CY2013 us-gaap Operating Income Loss
OperatingIncomeLoss
21286000
CY2013 us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
434000
CY2013 us-gaap Fees And Commissions Other
FeesAndCommissionsOther
16771000
CY2013 us-gaap Interest Paid
InterestPaid
1000
CY2013 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
286000
CY2013 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
655000
CY2013 us-gaap Net Income Loss
NetIncomeLoss
8206000
CY2013 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
58000
CY2013 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
4795000
CY2013 us-gaap Payments Of Dividends
PaymentsOfDividends
37681000
CY2013 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-8043000
CY2013 us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
400000
CY2013 us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
168000
CY2013 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
361000
CY2013 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-572000
CY2013 us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
506000
CY2013 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
4925000
CY2013 us-gaap Dividends Preferred Stock
DividendsPreferredStock
37681000
CY2013 us-gaap Cost Of Services
CostOfServices
264637000
CY2013 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
30000
CY2013 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
1323000
CY2013 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-9276000
CY2013 us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
1173000
CY2013 us-gaap Share Based Compensation
ShareBasedCompensation
33817000
CY2013 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
23000
CY2013 us-gaap Depreciation And Amortization
DepreciationAndAmortization
3043000
CY2013 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
97845000
CY2013 us-gaap Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
60389000
CY2013 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
2522000
CY2013 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
15700000
CY2013 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
6459000
CY2013 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
985000
CY2013 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
7679000
CY2013 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-100000
CY2013 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
32000
CY2013 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-8077000
CY2013 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-4024000
CY2013 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0
CY2013 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-1199000
CY2013 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
12168000
CY2013 us-gaap Repayment Of Notes Receivable From Related Parties
RepaymentOfNotesReceivableFromRelatedParties
158000
CY2013 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
244000
CY2013 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
35841000
CY2013 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
CY2013 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
20245000
CY2013 us-gaap Advertising Expense
AdvertisingExpense
1000000
CY2013 us-gaap Foreign Income Tax Expense Benefit Continuing Operations
ForeignIncomeTaxExpenseBenefitContinuingOperations
244000
CY2013 us-gaap Operating Expenses
OperatingExpenses
414609000
CY2013 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
115661000
CY2013 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
13735000
CY2013 mmi Maximum Number Of Common Stock Shares To Be Purchased
MaximumNumberOfCommonStockSharesToBePurchased
1250 shares
CY2013 mmi Fully Vested Deferred Stock Units
FullyVestedDeferredStockUnits
2200000 shares
CY2013 mmi Initial Public Offering Effective Date
InitialPublicOfferingEffectiveDate
2013-10-31
CY2013 mmi Operating Loss Carryforwards Expiration Year
OperatingLossCarryforwardsExpirationYear
2019
CY2013 mmi Income Tax Benefit Recognition Criteria Percentage Threshold
IncomeTaxBenefitRecognitionCriteriaPercentageThreshold
0.50 pure
CY2013 mmi Swap Termination Date
SwapTerminationDate
2013-06-30
CY2013 mmi Income Tax Reconciliation Permanent Differences
IncomeTaxReconciliationPermanentDifferences
3445000
CY2013 mmi Net Income Loss Prior To Initial Public Offering
NetIncomeLossPriorToInitialPublicOffering
-1045000
CY2013 mmi Transition Service Agreement Effective Date
TransitionServiceAgreementEffectiveDate
2013-10-31
CY2013 mmi Increase Decrease Investments In Trust Account
IncreaseDecreaseInvestmentsInTrustAccount
1162000
CY2013 mmi Real Estate Brokerage Commissions
RealEstateBrokerageCommissions
393203000
CY2013 mmi Financing Fees Revenue
FinancingFeesRevenue
25921000
CY2013 mmi Increase Decrease In Commissions Receivable
IncreaseDecreaseInCommissionsReceivable
-1679000
CY2013 mmi Increase Decrease Prepaid Rent Leasehold Improvements
IncreaseDecreasePrepaidRentLeaseholdImprovements
2144000
CY2013 mmi Commission Payable Increase Decrease
CommissionPayableIncreaseDecrease
2502000
CY2013 mmi Deferred Compensation And Commissions Increase Decrease
DeferredCompensationAndCommissionsIncreaseDecrease
3086000
CY2013 mmi Deemed Capital Contribution Distribution
DeemedCapitalContributionDistribution
-3291000
CY2013 mmi Stockbased And Other Compensation In Connection With Initial Public Offering
StockbasedAndOtherCompensationInConnectionWithInitialPublicOffering
31268000
CY2013 mmi Stockbased Compensation In Connection With Initial Public Offering
StockbasedCompensationInConnectionWithInitialPublicOffering
30886000
CY2013 mmi Deferred Compensation Plan Percentage
DeferredCompensationPlanPercentage
1.10 pure
CY2013 mmi Income Tax Paid
IncomeTaxPaid
29702000
CY2013 mmi Non Cash Capitalized Deferred Offering Costs
NonCashCapitalizedDeferredOfferingCosts
193000
CY2013 mmi Issuance Of Restricted Stock For Notes Receivable
IssuanceOfRestrictedStockForNotesReceivable
21000
CY2013 mmi Effective Income Tax Rate Reconciliation Deferred Tax Assets Net
EffectiveIncomeTaxRateReconciliationDeferredTaxAssetsNet
0.400 pure
CY2013 mmi Stock Appreciation Rights Liability Interest Accrual Commencement Date
StockAppreciationRightsLiabilityInterestAccrualCommencementDate
2014-01-01
CY2013 mmi Deferred Compensation Plan Establishment Date
DeferredCompensationPlanEstablishmentDate
2001-03-31
CY2013 mmi Contribution Date
ContributionDate
2013-10-30
CY2013 mmi Net Income Loss Subsequent To Initial Public Offering
NetIncomeLossSubsequentToInitialPublicOffering
9251000
CY2013 mmi Proceeds From Issuance Initial Public Offering Excluding Unpaid Deferred Offering Costs Included In Accounts Payable And Other Accrued Expenses As Of Period End
ProceedsFromIssuanceInitialPublicOfferingExcludingUnpaidDeferredOfferingCostsIncludedInAccountsPayableAndOtherAccruedExpensesAsOfPeriodEnd
42506000
CY2013 mmi Deferred Stock Units Settlement To Common Stock Percentage
DeferredStockUnitsSettlementToCommonStockPercentage
0.20 pure
CY2012 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35 pure
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
750 shares
CY2012 us-gaap Time Sharing Transactions Weighted Average Of Stated Interest Rates For Notes Receivable1
TimeSharingTransactionsWeightedAverageOfStatedInterestRatesForNotesReceivable1
0.06 pure
CY2012 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
28.86
CY2012 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
35354000
CY2012 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
25.67
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
0 shares
CY2012 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
3500 shares
CY2012 us-gaap Revenues
Revenues
385716000
CY2012 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
644000
CY2012 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-530000
CY2012 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
0
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
49441000
CY2012 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
1100000
CY2012 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-19000
CY2012 us-gaap Operating Income Loss
OperatingIncomeLoss
49008000
CY2012 us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
706000
CY2012 us-gaap Fees And Commissions Other
FeesAndCommissionsOther
13177000
CY2012 us-gaap Interest Paid
InterestPaid
4000
CY2012 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
433000
CY2012 us-gaap Net Income Loss
NetIncomeLoss
27934000
CY2012 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
98000
CY2012 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
4563000
CY2012 us-gaap Payments Of Dividends
PaymentsOfDividends
30756000
CY2012 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
6791000
CY2012 us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
700000
CY2012 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
8000
CY2012 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
7831000
CY2012 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-30768000
CY2012 us-gaap Dividends Preferred Stock
DividendsPreferredStock
30756000
CY2012 us-gaap Cost Of Services
CostOfServices
230248000
CY2012 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
14000
CY2012 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
2641000
CY2012 us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
458000
CY2012 us-gaap Share Based Compensation
ShareBasedCompensation
4209000
CY2012 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
157000
CY2012 us-gaap Depreciation And Amortization
DepreciationAndAmortization
2981000
CY2012 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-51000
CY2012 us-gaap Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
-19884000
CY2012 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
2641000
CY2012 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
14500000
CY2012 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
2423000
CY2012 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
17305000
CY2012 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-2061000
CY2012 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
174000
CY2012 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-4637000
CY2012 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0
CY2012 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
18866000
CY2012 us-gaap Repayment Of Notes Receivable From Related Parties
RepaymentOfNotesReceivableFromRelatedParties
86000
CY2012 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
7448000
CY2012 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
18866000
CY2012 us-gaap Advertising Expense
AdvertisingExpense
700000
CY2012 us-gaap Operating Expenses
OperatingExpenses
336708000
CY2012 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
103479000
CY2012 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
21507000
CY2012 mmi Increase Decrease Investments In Trust Account
IncreaseDecreaseInvestmentsInTrustAccount
497000
CY2012 mmi Payments On Stock Notes Receivable From Employees
PaymentsOnStockNotesReceivableFromEmployees
86000
CY2012 mmi Real Estate Brokerage Commissions
RealEstateBrokerageCommissions
351407000
CY2012 mmi Financing Fees Revenue
FinancingFeesRevenue
21132000
CY2012 mmi Increase Decrease In Commissions Receivable
IncreaseDecreaseInCommissionsReceivable
3614000
CY2012 mmi Increase Decrease Prepaid Rent Leasehold Improvements
IncreaseDecreasePrepaidRentLeaseholdImprovements
-103000
CY2012 mmi Commission Payable Increase Decrease
CommissionPayableIncreaseDecrease
9004000
CY2012 mmi Deferred Compensation And Commissions Increase Decrease
DeferredCompensationAndCommissionsIncreaseDecrease
2495000
CY2012 mmi Deemed Capital Contribution Distribution
DeemedCapitalContributionDistribution
4209000
CY2012 mmi Amount Of Shared Services Arrangement Expense
AmountOfSharedServicesArrangementExpense
800000
CY2012 mmi Income Tax Paid
IncomeTaxPaid
17880000
CY2012 mmi Issuance Of Restricted Stock For Notes Receivable
IssuanceOfRestrictedStockForNotesReceivable
90000
CY2012 mmi Tax Sharing Agreement Effective Tax Rate
TaxSharingAgreementEffectiveTaxRate
0.435 pure
CY2013Q4 mmi Other Offering Costs
OtherOfferingCosts
4300000
CY2013Q4 mmi Proceeds From Issuance Initial Public Offering Net
ProceedsFromIssuanceInitialPublicOfferingNet
42300000
CY2013Q4 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
276000
CY2013Q4 mmi Net Income Loss Subsequent To Initial Public Offering
NetIncomeLossSubsequentToInitialPublicOffering
9251000
CY2013Q1 us-gaap Revenues
Revenues
69370000
CY2013Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
2657000
CY2013Q1 us-gaap Net Income Loss
NetIncomeLoss
1638000
CY2013Q1 us-gaap Cost Of Services
CostOfServices
41221000
CY2013Q1 mmi Net Income Loss Prior To Initial Public Offering
NetIncomeLossPriorToInitialPublicOffering
1638000
CY2012Q1 us-gaap Revenues
Revenues
62669000
CY2012Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
3684000
CY2012Q1 us-gaap Net Income Loss
NetIncomeLoss
2241000
CY2012Q1 us-gaap Cost Of Services
CostOfServices
35945000
CY2012Q1 mmi Net Income Loss Prior To Initial Public Offering
NetIncomeLossPriorToInitialPublicOffering
2241000
CY2012Q2 us-gaap Revenues
Revenues
84181000
CY2012Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
11062000
CY2012Q2 us-gaap Net Income Loss
NetIncomeLoss
6250000
CY2012Q2 us-gaap Cost Of Services
CostOfServices
48764000
CY2012Q2 mmi Net Income Loss Prior To Initial Public Offering
NetIncomeLossPriorToInitialPublicOffering
6250000
CY2013Q2 us-gaap Revenues
Revenues
105471000
CY2013Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
14169000
CY2013Q2 us-gaap Net Income Loss
NetIncomeLoss
8009000
CY2013Q2 us-gaap Cost Of Services
CostOfServices
61456000
CY2013Q2 mmi Net Income Loss Prior To Initial Public Offering
NetIncomeLossPriorToInitialPublicOffering
8009000
CY2012Q3 us-gaap Revenues
Revenues
91228000
CY2012Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
11295000
CY2012Q3 us-gaap Net Income Loss
NetIncomeLoss
6405000
CY2012Q3 us-gaap Cost Of Services
CostOfServices
54194000
CY2012Q3 mmi Net Income Loss Prior To Initial Public Offering
NetIncomeLossPriorToInitialPublicOffering
6405000
CY2013Q3 us-gaap Revenues
Revenues
111953000
CY2013Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
12625000
CY2013Q3 us-gaap Net Income Loss
NetIncomeLoss
7275000
CY2013Q3 us-gaap Cost Of Services
CostOfServices
67718000
CY2013Q3 mmi Net Income Loss Prior To Initial Public Offering
NetIncomeLossPriorToInitialPublicOffering
7275000
CY2012Q4 us-gaap Revenues
Revenues
147638000
CY2012Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
22967000
CY2012Q4 us-gaap Net Income Loss
NetIncomeLoss
13038000
CY2012Q4 us-gaap Cost Of Services
CostOfServices
91345000
CY2012Q4 mmi Net Income Loss Prior To Initial Public Offering
NetIncomeLossPriorToInitialPublicOffering
13038000
CY2013Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.24
CY2013Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.24
CY2013Q4 us-gaap Revenues
Revenues
149101000
CY2013Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
-8165000
CY2013Q4 us-gaap Net Income Loss
NetIncomeLoss
-8716000
CY2013Q4 us-gaap Cost Of Services
CostOfServices
94242000
CY2013Q4 mmi Net Income Loss Prior To Initial Public Offering
NetIncomeLossPriorToInitialPublicOffering
-17967000
CY2013Q4 mmi Net Income Loss Subsequent To Initial Public Offering
NetIncomeLossSubsequentToInitialPublicOffering
9251000

Files In Submission

Name View Source Status
0001193125-14-110596-index-headers.html Edgar Link pending
0001193125-14-110596-index.html Edgar Link pending
0001193125-14-110596.txt Edgar Link pending
0001193125-14-110596-xbrl.zip Edgar Link pending
d662128d10k.htm Edgar Link pending
d662128dex1017.htm Edgar Link pending
d662128dex211.htm Edgar Link pending
d662128dex231.htm Edgar Link pending
d662128dex311.htm Edgar Link pending
d662128dex312.htm Edgar Link pending
d662128dex321.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
g662128g05j97.jpg Edgar Link pending
g662128g42f10.jpg Edgar Link pending
g662128g44t19.jpg Edgar Link pending
g662128g72u06.jpg Edgar Link pending
g662128g88r98.jpg Edgar Link pending
g662128g96q49.jpg Edgar Link pending
mmi-20131231.xml Edgar Link completed
mmi-20131231.xsd Edgar Link pending
mmi-20131231_cal.xml Edgar Link unprocessable
mmi-20131231_def.xml Edgar Link unprocessable
mmi-20131231_lab.xml Edgar Link unprocessable
mmi-20131231_pre.xml Edgar Link unprocessable
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R65.htm Edgar Link pending
R66.htm Edgar Link pending
R67.htm Edgar Link pending
R68.htm Edgar Link pending
R69.htm Edgar Link pending
R7.htm Edgar Link pending
R70.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending