$MMI
Marcus & Millichap, Inc.

2015 Q4 Form 10-K Financial Statement

#000119312517084360 Filed on March 16, 2017

View on sec.gov

Income Statement

Concept 2015 Q4 2015 Q3 2015 Q2
Revenue $203.2M $165.9M $173.5M
YoY Change 17.81% 9.93% 29.21%
Cost Of Revenue $129.7M $102.0M $105.6M
YoY Change 18.05% 10.56% 32.61%
Gross Profit $73.49M $63.87M $67.93M
YoY Change 17.38% 8.95% 24.26%
Gross Profit Margin 36.18% 38.5% 39.15%
Selling, General & Admin $38.60M $35.65M $37.59M
YoY Change 11.24% 4.58% 17.0%
% of Gross Profit 52.52% 55.81% 55.34%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $900.0K $800.0K $800.0K
YoY Change 12.5% 0.0% 0.0%
% of Gross Profit 1.22% 1.25% 1.18%
Operating Expenses $39.50M $138.5M $144.0M
YoY Change 11.27% 8.88% 27.91%
Operating Profit $33.93M $27.42M $29.53M
YoY Change 25.22% 15.59% 35.92%
Interest Expense -$400.0K $380.0K $386.0K
YoY Change 0.0% -4.28% -3.74%
% of Operating Profit -1.18% 1.39% 1.31%
Other Income/Expense, Net $400.0K -$464.0K $362.0K
YoY Change 300.0% 50.65% 9.7%
Pretax Income $34.00M $26.57M $29.51M
YoY Change 27.34% 15.46% 36.25%
Income Tax $14.00M $11.40M $11.95M
% Of Pretax Income 41.18% 42.89% 40.5%
Net Earnings $19.95M $15.18M $17.56M
YoY Change 21.42% 12.22% 37.2%
Net Earnings / Revenue 9.82% 9.15% 10.12%
Basic Earnings Per Share $0.51 $0.39 $0.45
Diluted Earnings Per Share $0.51 $0.39 $0.45
COMMON SHARES
Basic Shares Outstanding 37.12M shares 38.89M shares 38.87M shares
Diluted Shares Outstanding 39.16M shares 39.06M shares

Balance Sheet

Concept 2015 Q4 2015 Q3 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $176.0M $157.4M $135.3M
YoY Change 17.99% 17.46% 29.32%
Cash & Equivalents $96.19M $67.63M $84.20M
Short-Term Investments $79.86M $89.76M $51.07M
Other Short-Term Assets $5.136M $3.404M $3.092M
YoY Change 68.12% -77.15% -76.4%
Inventory
Prepaid Expenses $7.542M $6.392M $6.506M
Receivables
Other Receivables
Total Short-Term Assets $196.1M $185.6M $162.0M
YoY Change 18.95% 19.89% 30.89%
LONG-TERM ASSETS
Property, Plant & Equipment $11.58M $9.725M $8.593M
YoY Change 50.51% 24.22% 4.02%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $60.10M $50.30M $57.40M
YoY Change 214.66% 1097.62% 1234.88%
Other Assets $9.116M $6.585M $5.198M
YoY Change 164.69% 58.94% 32.6%
Total Long-Term Assets $125.1M $98.66M $98.63M
YoY Change 82.03% 117.16% 104.03%
TOTAL ASSETS
Total Short-Term Assets $196.1M $185.6M $162.0M
Total Long-Term Assets $125.1M $98.66M $98.63M
Total Assets $321.2M $284.2M $260.6M
YoY Change 37.51% 41.96% 51.43%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $34.10M $23.40M $21.80M
YoY Change 17.99% 36.05% 45.33%
Accrued Expenses $30.80M $22.70M $16.10M
YoY Change 10.79% 3.65% 17.52%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $900.0K $900.0K $900.0K
YoY Change 0.0% 0.0% 0.0%
Total Short-Term Liabilities $75.01M $62.22M $58.34M
YoY Change 11.62% 13.58% 42.62%
LONG-TERM LIABILITIES
Long-Term Debt $9.700M $9.700M $9.700M
YoY Change -8.49% -8.49% -8.49%
Other Long-Term Liabilities $47.60M $3.402M $3.483M
YoY Change 1883.33% 37.57% -34.9%
Total Long-Term Liabilities $57.30M $3.402M $3.483M
YoY Change 2287.5% 37.57% -34.9%
TOTAL LIABILITIES
Total Short-Term Liabilities $75.01M $62.22M $58.34M
Total Long-Term Liabilities $57.30M $3.402M $3.483M
Total Liabilities $132.2M $113.9M $107.9M
YoY Change 13.22% 13.38% 23.54%
SHAREHOLDERS EQUITY
Retained Earnings $107.9M $87.99M $72.82M
YoY Change 159.53% 249.71% 525.63%
Common Stock $80.60M $82.09M $4.000K
YoY Change 7.37% 2052200.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $189.0M $170.4M $152.7M
YoY Change
Total Liabilities & Shareholders Equity $321.2M $284.2M $260.6M
YoY Change 37.51% 41.96% 51.43%

Cashflow Statement

Concept 2015 Q4 2015 Q3 2015 Q2
OPERATING ACTIVITIES
Net Income $19.95M $15.18M $17.56M
YoY Change 21.42% 12.22% 37.2%
Depreciation, Depletion And Amortization $900.0K $800.0K $800.0K
YoY Change 12.5% 0.0% 0.0%
Cash From Operating Activities $33.50M $16.70M $39.90M
YoY Change -8.22% -42.61% 74.24%
INVESTING ACTIVITIES
Capital Expenditures -$3.000M -$1.600M -$1.200M
YoY Change 275.0% 220.0% 71.43%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$31.80M -$78.10M
YoY Change -100.0%
Cash From Investing Activities -$3.100M -$33.30M -$79.40M
YoY Change -79.87% 6560.0% 11242.86%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.900M 0.000 -300.0K
YoY Change -68.33% -100.0% -66.67%
NET CHANGE
Cash From Operating Activities 33.50M 16.70M 39.90M
Cash From Investing Activities -3.100M -33.30M -79.40M
Cash From Financing Activities -1.900M 0.000 -300.0K
Net Change In Cash 28.50M -16.60M -39.80M
YoY Change 88.74% -156.27% -286.85%
FREE CASH FLOW
Cash From Operating Activities $33.50M $16.70M $39.90M
Capital Expenditures -$3.000M -$1.600M -$1.200M
Free Cash Flow $36.50M $18.30M $41.10M
YoY Change -2.14% -38.18% 74.15%

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976000
CY2015 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
1835000
CY2015 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-592000
CY2015 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-912000
CY2015 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
890000
CY2015 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
43120000
CY2015 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
8730000
CY2015 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
0
CY2015 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
583000
CY2015 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
3261000
CY2015 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
47018000
CY2015 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
72120000
CY2015 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-509000
CY2015 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
4569000
CY2015 us-gaap Marketable Securities Realized Gain Loss
MarketableSecuritiesRealizedGainLoss
132000
CY2015 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
-90000
CY2015 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
6796000
CY2015 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
0
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
16.29
CY2015 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
39162000 shares
CY2015 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
147710000
CY2015 us-gaap Weighted Average Number Of Shares Contingently Issuable
WeightedAverageNumberOfSharesContingentlyIssuable
1750000 shares
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
213458 shares
CY2015 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
43000 shares
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
56146 shares
CY2015 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0
CY2015 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
14.90
CY2015 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
38848000 shares
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
88708 shares
CY2015 us-gaap Repayment Of Notes Receivable From Related Parties
RepaymentOfNotesReceivableFromRelatedParties
0
CY2015 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
976000
CY2015 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
0
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
42.91
CY2015 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
8976000
CY2015 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
37141000 shares
CY2015 us-gaap Share Based Compensation
ShareBasedCompensation
7114000
CY2015 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
0
CY2015 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
894000
CY2015 mmi Distribution Related To Stock Appreciation Rights Liability For Taxes Payable
DistributionRelatedToStockAppreciationRightsLiabilityForTaxesPayable
0
CY2015 mmi Financing Fees Revenue
FinancingFeesRevenue
42558000
CY2015 mmi Tax Benefit From Stock Based Award Activity
TaxBenefitFromStockBasedAwardActivity
10483000
CY2015 mmi Deferred Compensation And Commissions Increase Decrease
DeferredCompensationAndCommissionsIncreaseDecrease
12360000
CY2015 mmi Increase Decrease In Commissions Receivable
IncreaseDecreaseInCommissionsReceivable
-70000
CY2015 mmi Tax Benefit From Share Based Award Activity Included In Income Tax Receivable Payable
TaxBenefitFromShareBasedAwardActivityIncludedInIncomeTaxReceivablePayable
0
CY2015 mmi Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Transferred In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsTransferredInPeriodWeightedAverageGrantDateFairValue
17.81
CY2015 mmi Increase Decrease In Income Taxes Receivable Payable
IncreaseDecreaseInIncomeTaxesReceivablePayable
6649000
CY2015 mmi Stock Issued During Period Fair Value Of Shares Restricted Stock Units Before Tax Settlement
StockIssuedDuringPeriodFairValueOfSharesRestrictedStockUnitsBeforeTaxSettlement
0
CY2015 mmi Available For Sale Securities Weighted Average Maturity
AvailableForSaleSecuritiesWeightedAverageMaturity
P3Y3M18D
CY2015 mmi Stock Issued During Period Fair Value Of Shares Deferred Stock Units Before Tax Settlement
StockIssuedDuringPeriodFairValueOfSharesDeferredStockUnitsBeforeTaxSettlement
0
CY2015 mmi Settlements Of Deferred Compensation Obligation With Trust Assets
SettlementsOfDeferredCompensationObligationWithTrustAssets
37000
CY2015 mmi Real Estate Brokerage Commissions
RealEstateBrokerageCommissions
632574000
CY2015 mmi Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Transferred In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsTransferredInPeriod
0 shares
CY2015 mmi Net Change In Accounts Payable And Accrued Expenses Related To Property And Equipment Additions
NetChangeInAccountsPayableAndAccruedExpensesRelatedToPropertyAndEquipmentAdditions
462000
CY2015 mmi Reduction Of Accrued Bonuses And Other Employee Related Expenses In Settlement Of Employee Notes Receivable
ReductionOfAccruedBonusesAndOtherEmployeeRelatedExpensesInSettlementOfEmployeeNotesReceivable
208000
CY2015 mmi Increase Decrease In Deferred Rent Credit Noncurrent And Other Noncurrent Obligations
IncreaseDecreaseInDeferredRentCreditNoncurrentAndOtherNoncurrentObligations
1475000
CY2015 mmi Increase Decrease In Carrying Value Of Assets Held In Rabbi Trust
IncreaseDecreaseInCarryingValueOfAssetsHeldInRabbiTrust
-57000
CY2015 mmi Fully Depreciated Computer Software Hardware And Furniture Fixtures And Equipment Writeoff
FullyDepreciatedComputerSoftwareHardwareAndFurnitureFixturesAndEquipmentWriteoff
2700000
CY2015 mmi Increase Decrease Assets In Rabbi Trust Account
IncreaseDecreaseAssetsInRabbiTrustAccount
1514000
CY2016 dei Entity Registrant Name
EntityRegistrantName
Marcus & Millichap, Inc.
CY2016 us-gaap Advertising Expense
AdvertisingExpense
1200000
CY2016 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
36228000
CY2016 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
2711000
CY2016 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
516000 shares
CY2016 dei Document Type
DocumentType
10-K
CY2016 dei Entity Central Index Key
EntityCentralIndexKey
0001578732
CY2016 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation And Exercise Of Stock Options
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions
7035000
CY2016 dei Document Period End Date
DocumentPeriodEndDate
2016-12-31
CY2016 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
91186000
CY2016 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.041 pure
CY2016 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2016 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
7035000
CY2016 us-gaap Available For Sale Securities Gross Realized Losses
AvailableForSaleSecuritiesGrossRealizedLosses
166000
CY2016 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
35891000
CY2016 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.004 pure
CY2016 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-337000
CY2016 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-146000
CY2016 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2016
CY2016 dei Amendment Flag
AmendmentFlag
false
CY2016 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2016 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
-0.001 pure
CY2016 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2016 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.66
CY2016 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
5565000
CY2016 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt"> <b>Concentration of Credit Risk</b></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 independent contractors, investments in marketable securities, <font style="WHITE-SPACE: nowrap"><font style="WHITE-SPACE: nowrap">available-for-sale,</font></font> security deposits (included under other assets, <font style="WHITE-SPACE: nowrap">non-current</font> caption) and commissions receivables. Cash and cash equivalents are placed with high-credit quality financial institutions and invested in high-credit quality money market funds and commercial paper.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt; TEXT-INDENT: 4%"> 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 related to cash and cash equivalents.</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. The Company requires collateral on a <font style="WHITE-SPACE: nowrap"><font style="WHITE-SPACE: nowrap">case-by-case</font></font> basis. The Company maintains allowances, as needed, for estimated credit losses based on management&#x2019;s assessment of the likelihood of collection. For the twelve months ended December&#xA0;31, 2016, 2015 and 2014, no transaction represented 10% or more of total revenues. Further, while one or more transactions may represent 10% or more of commissions receivable at any reporting date, amounts due are typically collected within 10 days of settlement and therefore do not expose the Company to significant credit risk.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt; TEXT-INDENT: 4%"> No office represented 10% or more of total revenues during the twelve months ended December&#xA0;31, 2016, 2015 and 2014.</p> </div>
CY2016 us-gaap Depreciation And Amortization
DepreciationAndAmortization
4387000
CY2016 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2016 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
0.002 pure
CY2016 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.66
CY2016 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
65010000
CY2016 dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
CY2016 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2016 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
6700000
CY2016 us-gaap Cost Of Services
CostOfServices
444768000
CY2016 us-gaap Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
43000
CY2016 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.396 pure
CY2016 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P3Y26D
CY2016 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
2711000
CY2016 us-gaap Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
2711000
CY2016 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
93000
CY2016 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-483000
CY2016 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35 pure
CY2016 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
0.000 pure
CY2016 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
443000
CY2016 us-gaap Revenues
Revenues
717450000
CY2016 us-gaap Increase Decrease In Prepaid Rent
IncreaseDecreaseInPrepaidRent
4210000
CY2016 us-gaap Interest Paid
InterestPaid
628000
CY2016 us-gaap Line Of Credit Facility Covenant Terms
LineOfCreditFacilityCovenantTerms
(i) an EBITDAR Coverage Ratio (as defined in the Credit Agreement) of not less than 1.251.0 as of each quarter end and (ii) total funded debt to EBITDA not greater than 2.01.0
CY2016 us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
455000
CY2016 us-gaap Income Tax Examination Description
IncomeTaxExaminationDescription
The Company is not currently under income tax examination by any taxing authorities.
CY2016 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
23400000
CY2016 us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
3314000
CY2016 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
2134000
CY2016 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
137593000
CY2016 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
552000
CY2016 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
37485000
CY2016 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
136000 shares
CY2016 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-79000
CY2016 us-gaap Operating Expenses
OperatingExpenses
610949000
CY2016 us-gaap Net Income Loss
NetIncomeLoss
64657000
CY2016 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
47000
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
107102000
CY2016 us-gaap Increase Decrease In Deferred Compensation
IncreaseDecreaseInDeferredCompensation
452000
CY2016 us-gaap Interest Expense
InterestExpense
1533000
CY2016 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
19819000
CY2016 us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
12000
CY2016 us-gaap Line Of Credit Facility Unused Capacity Commitment Fee Percentage
LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage
0.001 pure
CY2016 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
39000
CY2016 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
107898000
CY2016 us-gaap Line Of Credit Facility Expiration Date1
LineOfCreditFacilityExpirationDate1
2019-06-01
CY2016 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
242000
CY2016 us-gaap Fees And Commissions Other
FeesAndCommissionsOther
11786000
CY2016 us-gaap Line Of Credit Facility Interest Rate Description
LineOfCreditFacilityInterestRateDescription
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-monthLIBOR 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.
CY2016 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div> <p style="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"> <b><i>Reclassifications</i></b></p> <p style="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"> Certain prior-period amounts in the consolidated financial statements and notes thereto, have been reclassified to conform to the current period presentation. These changes had no impact on the previously reported consolidated results of operations, total assets, total liabilities, stockholders&#x2019; equity or cash flow subtotals.</p> </div>
CY2016 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
353000
CY2016 us-gaap Other Than Temporary Impairment Losses Investments Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecurities
0
CY2016 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
803000
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
20.07
CY2016 us-gaap Operating Income Loss
OperatingIncomeLoss
106501000
CY2016 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
197000
CY2016 us-gaap Line Of Credit Facility Covenant Compliance
LineOfCreditFacilityCovenantCompliance
As of December 31, 2016, the Company was in compliance with all financial and non-financial covenants.
CY2016 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
673000
CY2016 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-3119000
CY2016 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
313000
CY2016 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
964000
CY2016 us-gaap Line Of Credit Facility Initiation Date1
LineOfCreditFacilityInitiationDate1
2014-06-01
CY2016 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
40000
CY2016 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
37350000
CY2016 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
5565000
CY2016 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
0
CY2016 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
412000
CY2016 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-8218000
CY2016 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
42445000
CY2016 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
74486000
CY2016 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-444000
CY2016 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
4346000
CY2016 us-gaap Marketable Securities Realized Gain Loss
MarketableSecuritiesRealizedGainLoss
-123000
CY2016 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 Segments
CY2016 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
0
CY2016 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
9473000
CY2016 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
40000
CY2016 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
938000
CY2016 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
39035000 shares
CY2016 us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 18pt"> <b>Use of Estimates</b></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 periods. Actual results could differ from those estimates.</p> </div>
CY2016 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
161794000
CY2016 us-gaap Weighted Average Number Of Shares Contingently Issuable
WeightedAverageNumberOfSharesContingentlyIssuable
1298000 shares
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
258123 shares
CY2016 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
36000 shares
CY2016 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
90000
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
53194 shares
CY2016 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0
CY2016 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
19.88
CY2016 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
38899000 shares
CY2016 dei Trading Symbol
TradingSymbol
MMI
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
335634 shares
CY2016 us-gaap Repayment Of Notes Receivable From Related Parties
RepaymentOfNotesReceivableFromRelatedParties
0
CY2016 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
673000
CY2016 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
0
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
23.76
CY2016 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
6554000
CY2016 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
37637000 shares
CY2016 us-gaap Share Based Compensation
ShareBasedCompensation
7035000
CY2016 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
0
CY2016 mmi Line Of Credit Libor Rate Duration Period
LineOfCreditLiborRateDurationPeriod
P1M
CY2016 mmi Distribution Related To Stock Appreciation Rights Liability For Taxes Payable
DistributionRelatedToStockAppreciationRightsLiabilityForTaxesPayable
0
CY2016 mmi Financing Fees Revenue
FinancingFeesRevenue
43444000
CY2016 mmi Tax Benefit From Stock Based Award Activity
TaxBenefitFromStockBasedAwardActivity
2711000
CY2016 mmi Minimum Ebitdar Coverage Ratio
MinimumEbitdarCoverageRatio
0.0125 pure
CY2016 mmi Deferred Compensation And Commissions Increase Decrease
DeferredCompensationAndCommissionsIncreaseDecrease
10988000
CY2016 mmi Formation Date Of Incorporation
FormationDateOfIncorporation
2013-06
CY2016 mmi Increase Decrease In Commissions Receivable
IncreaseDecreaseInCommissionsReceivable
1467000
CY2016 mmi Tax Benefit From Share Based Award Activity Included In Income Tax Receivable Payable
TaxBenefitFromShareBasedAwardActivityIncludedInIncomeTaxReceivablePayable
0
CY2016 mmi Defined Contribution New Plan Effective Date
DefinedContributionNewPlanEffectiveDate
2014-01
CY2016 mmi Maximum Funded Debt To Ebitda Ratio
MaximumFundedDebtToEbitdaRatio
0.02 pure
CY2016 mmi Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Transferred In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsTransferredInPeriodWeightedAverageGrantDateFairValue
14.54
CY2016 mmi Increase Decrease In Income Taxes Receivable Payable
IncreaseDecreaseInIncomeTaxesReceivablePayable
-2867000
CY2016 mmi Commission Payable Payment Deferral Period
CommissionPayablePaymentDeferralPeriod
P3Y
CY2016 mmi Percentage Of Common Stock Distributed
PercentageOfCommonStockDistributed
0.800 pure
CY2016 mmi Stock Issued During Period Fair Value Of Shares Restricted Stock Units Before Tax Settlement
StockIssuedDuringPeriodFairValueOfSharesRestrictedStockUnitsBeforeTaxSettlement
0
CY2016 mmi Stock Issued During Period Fair Value Of Shares Deferred Stock Units Before Tax Settlement
StockIssuedDuringPeriodFairValueOfSharesDeferredStockUnitsBeforeTaxSettlement
0
CY2016 mmi Available For Sale Securities Weighted Average Maturity
AvailableForSaleSecuritiesWeightedAverageMaturity
P3Y6M
CY2016 mmi Operating Loss Carryforwards Expiration Year
OperatingLossCarryforwardsExpirationYear
2019
CY2016 mmi Settlements Of Deferred Compensation Obligation With Trust Assets
SettlementsOfDeferredCompensationObligationWithTrustAssets
0
CY2016 mmi Period Of Settlement For Receivable Balances
PeriodOfSettlementForReceivableBalances
P10D
CY2016 mmi Income Tax Benefit Recognition Criteria Percentage Threshold
IncomeTaxBenefitRecognitionCriteriaPercentageThreshold
0.50 pure
CY2016 mmi Real Estate Brokerage Commissions
RealEstateBrokerageCommissions
662220000
CY2016 mmi Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Transferred In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsTransferredInPeriod
0 shares
CY2016 mmi Number Of Active Equity Plans
NumberOfActiveEquityPlans
1 Incentive_Plan
CY2016 mmi Net Change In Accounts Payable And Accrued Expenses Related To Property And Equipment Additions
NetChangeInAccountsPayableAndAccruedExpensesRelatedToPropertyAndEquipmentAdditions
34000
CY2016 mmi Reduction Of Accrued Bonuses And Other Employee Related Expenses In Settlement Of Employee Notes Receivable
ReductionOfAccruedBonusesAndOtherEmployeeRelatedExpensesInSettlementOfEmployeeNotesReceivable
325000
CY2016 mmi Increase Decrease In Deferred Rent Credit Noncurrent And Other Noncurrent Obligations
IncreaseDecreaseInDeferredRentCreditNoncurrentAndOtherNoncurrentObligations
-30000
CY2016 mmi Increase Decrease In Carrying Value Of Assets Held In Rabbi Trust
IncreaseDecreaseInCarryingValueOfAssetsHeldInRabbiTrust
470000
CY2016Q2 us-gaap Net Income Loss
NetIncomeLoss
17524000
CY2016Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
28832000
CY2016 mmi Credit Facility Pledge Percentage
CreditFacilityPledgePercentage
1.00 pure
CY2016 mmi Date Entered Into Credit Agreement
DateEnteredIntoCreditAgreement
2014-06-18
CY2016 mmi Number Of Offices
NumberOfOffices
82 Office
CY2016 mmi Fully Depreciated Computer Software Hardware And Furniture Fixtures And Equipment Writeoff
FullyDepreciatedComputerSoftwareHardwareAndFurnitureFixturesAndEquipmentWriteoff
2800000
CY2016 mmi Share Based Compensation Arrangement By Share Based Payment Award Share Reserve Increase Approved
ShareBasedCompensationArrangementByShareBasedPaymentAwardShareReserveIncreaseApproved
3300000 shares
CY2016 mmi Increase Decrease Assets In Rabbi Trust Account
IncreaseDecreaseAssetsInRabbiTrustAccount
1263000
CY2015Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.35
CY2015Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.35
CY2015Q1 us-gaap Cost Of Services
CostOfServices
86158000
CY2015Q1 us-gaap Revenues
Revenues
146541000
CY2015Q1 us-gaap Net Income Loss
NetIncomeLoss
13669000
CY2015Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
23774000
CY2015Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.45
CY2015Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.45
CY2015Q2 us-gaap Cost Of Services
CostOfServices
105557000
CY2015Q2 us-gaap Revenues
Revenues
173482000
CY2015Q2 us-gaap Net Income Loss
NetIncomeLoss
17556000
CY2015Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
29529000
CY2016Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.38
CY2016Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.38
CY2016Q1 us-gaap Cost Of Services
CostOfServices
96153000
CY2016Q1 us-gaap Revenues
Revenues
164272000
CY2016Q1 us-gaap Net Income Loss
NetIncomeLoss
14815000
CY2016Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
24858000
CY2016Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.45
CY2016Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.45
CY2016Q2 us-gaap Cost Of Services
CostOfServices
113126000
CY2016Q2 us-gaap Revenues
Revenues
183387000
CY2015Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.39
CY2015Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.39
CY2015Q3 us-gaap Cost Of Services
CostOfServices
102010000
CY2015Q3 us-gaap Revenues
Revenues
165876000
CY2015Q3 us-gaap Net Income Loss
NetIncomeLoss
15176000
CY2015Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
27418000
CY2016Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.39
CY2016Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.39
CY2016Q3 us-gaap Cost Of Services
CostOfServices
113852000
CY2016Q3 us-gaap Revenues
Revenues
180634000
CY2016Q3 us-gaap Net Income Loss
NetIncomeLoss
15144000
CY2016Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
24905000
CY2015Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.51
CY2015Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.51
CY2015Q4 us-gaap Cost Of Services
CostOfServices
129664000
CY2015Q4 us-gaap Revenues
Revenues
203156000
CY2015Q4 us-gaap Net Income Loss
NetIncomeLoss
19949000
CY2015Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
33930000
CY2016Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.44
CY2016Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.44
CY2016Q4 us-gaap Cost Of Services
CostOfServices
121637000
CY2016Q4 us-gaap Revenues
Revenues
189157000
CY2016Q4 us-gaap Net Income Loss
NetIncomeLoss
17174000
CY2016Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
27906000

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