2022 Q3 Form 10-Q Financial Statement

#000119312522213586 Filed on August 05, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $323.8M $396.0M $319.5M
YoY Change -2.57% 38.96% 73.62%
Cost Of Revenue $217.4M $256.0M $196.8M
YoY Change -0.84% 43.37% 80.36%
Gross Profit $106.5M $139.9M $122.7M
YoY Change -5.93% 31.55% 63.81%
Gross Profit Margin 32.88% 35.34% 38.41%
Selling, General & Admin $73.00M $79.84M $74.54M
YoY Change 12.88% 29.2% 44.17%
% of Gross Profit 68.56% 57.06% 60.75%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.700M $1.800M $3.911M
YoY Change -40.35% 0.0% 30.37%
% of Gross Profit 1.6% 1.29% 3.19%
Operating Expenses $293.3M $339.2M $78.45M
YoY Change 334.35% 39.4% 43.41%
Operating Profit $30.55M $56.74M $44.25M
YoY Change -33.1% 36.38% 119.06%
Interest Expense $229.0K $158.0K -$160.0K
YoY Change -259.03% 8.22% 60.0%
% of Operating Profit 0.75% 0.28% -0.36%
Other Income/Expense, Net $978.0K -$461.0K $450.0K
YoY Change 202.79% -133.65% -55.0%
Pretax Income $31.30M $56.12M $44.54M
YoY Change -31.72% 31.04% 111.09%
Income Tax $9.939M $13.96M $11.76M
% Of Pretax Income 31.75% 24.87% 26.4%
Net Earnings $21.36M $42.17M $32.78M
YoY Change -37.03% 33.73% 118.55%
Net Earnings / Revenue 6.6% 10.65% 10.26%
Basic Earnings Per Share $0.53 $1.05 $0.82
Diluted Earnings Per Share $0.53 $1.04 $810.0K
COMMON SHARES
Basic Shares Outstanding 39.96M 40.05M 39.99M shares
Diluted Shares Outstanding 40.30M shares 40.34M 40.47M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $482.6M $464.7M $534.7M
YoY Change 21.29% 23.07% 50.11%
Cash & Equivalents $270.9M $211.7M $315.7M
Short-Term Investments $211.8M $253.0M $219.0M
Other Short-Term Assets $5.964M $5.880M $22.29M
YoY Change -64.26% -68.73% 25.22%
Inventory
Prepaid Expenses $8.665M $10.05M
Receivables
Other Receivables
Total Short-Term Assets $515.8M $498.4M $570.8M
YoY Change 19.95% 21.15% 49.35%
LONG-TERM ASSETS
Property, Plant & Equipment $26.82M $25.34M $101.2M
YoY Change -75.2% -76.79% -2.71%
Goodwill $38.10M $38.10M $4.000M
YoY Change 11.83% 11.83%
Intangibles
YoY Change
Long-Term Investments $98.55M $87.18M $63.90M
YoY Change -30.38% -19.8% -17.55%
Other Assets $15.17M $13.57M $184.8M
YoY Change -89.64% -90.22% 35.41%
Total Long-Term Assets $484.1M $468.4M $409.3M
YoY Change 8.77% 15.25% 10.96%
TOTAL ASSETS
Total Short-Term Assets $515.8M $498.4M $570.8M
Total Long-Term Assets $484.1M $468.4M $409.3M
Total Assets $999.9M $966.8M $980.2M
YoY Change 14.26% 18.22% 30.5%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $10.24M $13.02M $24.39M
YoY Change -48.88% -37.87% 29.04%
Accrued Expenses $53.26M $49.22M $34.14M
YoY Change 2.79% 11.83% 11.2%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $146.6M $128.0M $192.3M
YoY Change 12.32% 10.84% 110.58%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $10.62M $10.09M $112.5M
YoY Change -90.54% -90.43% 14.7%
Total Long-Term Liabilities $10.62M $10.09M $112.5M
YoY Change -90.54% -90.43% 14.7%
TOTAL LIABILITIES
Total Short-Term Liabilities $146.6M $128.0M $192.3M
Total Long-Term Liabilities $10.62M $10.09M $112.5M
Total Liabilities $275.9M $249.6M $304.8M
YoY Change 13.64% 12.98% 60.92%
SHAREHOLDERS EQUITY
Retained Earnings $599.7M $596.4M
YoY Change
Common Stock $128.2M $123.8M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $724.0M $717.2M $675.4M
YoY Change
Total Liabilities & Shareholders Equity $999.9M $966.8M $980.2M
YoY Change 14.26% 18.22% 30.5%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income $21.36M $42.17M $32.78M
YoY Change -37.03% 33.73% 118.55%
Depreciation, Depletion And Amortization $1.700M $1.800M $3.911M
YoY Change -40.35% 0.0% 30.37%
Cash From Operating Activities $40.07M $15.69M -$67.54M
YoY Change -39.41% -70.7% 236.0%
INVESTING ACTIVITIES
Capital Expenditures -$3.542M -$3.139M -$1.883M
YoY Change 141.28% 87.96% 71.18%
Acquisitions $12.50M
YoY Change
Other Investing Activities $28.83M -$60.42M $8.866M
YoY Change -331.27% 39.6% 111.1%
Cash From Investing Activities $25.28M -$63.56M $6.983M
YoY Change -281.48% 41.4% 125.26%
FINANCING ACTIVITIES
Cash Dividend Paid $0.00
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -5.875M -55.96M -5.943M
YoY Change 261.98% -133328.57% 32.07%
NET CHANGE
Cash From Operating Activities 40.07M 15.69M -67.54M
Cash From Investing Activities 25.28M -63.56M 6.983M
Cash From Financing Activities -5.875M -55.96M -5.943M
Net Change In Cash 59.47M -103.8M -66.50M
YoY Change 17.6% -1299.11% 209.28%
FREE CASH FLOW
Cash From Operating Activities $40.07M $15.69M -$67.54M
Capital Expenditures -$3.542M -$3.139M -$1.883M
Free Cash Flow $43.61M $18.83M -$65.65M
YoY Change -35.49% -65.9% 245.54%

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mmi Number Of Office
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us-gaap Use Of Estimates
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<div style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Use of Estimates </div></div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The preparation of condensed consolidated financial statements in conformity with U.S. 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 condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. </div></div></div> <div style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div>
us-gaap Concentration Risk Credit Risk
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<div style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Concentrations of Credit Risk </div></div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">Financial instruments that potentially subject the Company to a concentration of credit risk principally consist of cash and cash equivalents, investments in marketable debt securities, <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">available-for-sale,</div></div> security deposits and commissions receivable, net. Cash and cash equivalents are placed with high-credit quality financial institutions and invested in high-credit quality money market funds and commercial paper. Concentrations and ratings of marketable debt securities, <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">available-for-sale</div></div> are limited by the approved investment policy. </div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">To reduce its credit risk, the Company monitors the credit standing of the financial institutions money market funds that represent amounts recorded as cash and cash equivalents. The Company historically has not experienced any significant losses related to cash and cash equivalents. </div></div></div> <div style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">In September 2021, the Company entered into a Strategic Alliance (“Strategic Alliance”) with M&amp;T Realty Capital Corporation (“MTRCC”) pursuant to which the Company has agreed to provide loan opportunities that may be funded through MTRCC’s Delegated Underwriting and Servicing Agreement (“DUS Agreement”) with the Federal National Mortgage Association (“Fannie Mae”) and which requires MTRCC to guarantee a portion of each loan funded. On a <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">loan-by-loan</div></div> basis, the Company, at its option, can indemnify a portion of MTRCC’s guarantee obligation of loan opportunities presented to and closed by MTRCC though the DUS Agreement. The Company manages and limits the concentration of risk related to the guarantees assumed by monitoring the underlying property type, geographic location, credit of the borrowers, underlying debt service coverage, and loan to value ratios.<div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"> </div></div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">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 maintains allowances, as needed, for estimated credit losses based on management’s assessment of the likelihood of collection. For the three and six months ended June 30, 2022 and 2021, 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. </div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">During <div style="letter-spacing: 0px; top: 0px;;display:inline;">both </div>the three and six months ended June 30, 2022, the Company’s Canadian operations represented 2.2% of total revenues. During the three and six months ended June 30, 2021, the Company’s Canadian operations represented approximately 2.4% and 2.2% of total revenues, respectively. </div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">During each of the three and six months ended June 30, 2022 and 2021, no office represented 10% or more of total revenues. </div></div>
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CY2021Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
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CY2021Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
222103000
mmi Available For Sale Securities Weighted Average Maturity
AvailableForSaleSecuritiesWeightedAverageMaturity
P1Y3M18D
CY2021 mmi Available For Sale Securities Weighted Average Maturity
AvailableForSaleSecuritiesWeightedAverageMaturity
P1Y6M
CY2022Q2 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
335254000
CY2021Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
511000
CY2022Q2 us-gaap Debt Securities Available For Sale Realized Gain
DebtSecuritiesAvailableForSaleRealizedGain
1000
CY2021Q2 us-gaap Debt Securities Available For Sale Realized Gain
DebtSecuritiesAvailableForSaleRealizedGain
9000
us-gaap Debt Securities Available For Sale Realized Gain
DebtSecuritiesAvailableForSaleRealizedGain
114000
us-gaap Debt Securities Available For Sale Realized Gain
DebtSecuritiesAvailableForSaleRealizedGain
10000
CY2022Q2 us-gaap Debt Securities Available For Sale Realized Loss
DebtSecuritiesAvailableForSaleRealizedLoss
17000
CY2021Q2 us-gaap Debt Securities Available For Sale Realized Loss
DebtSecuritiesAvailableForSaleRealizedLoss
0
us-gaap Debt Securities Available For Sale Realized Loss
DebtSecuritiesAvailableForSaleRealizedLoss
17000
us-gaap Debt Securities Available For Sale Realized Loss
DebtSecuritiesAvailableForSaleRealizedLoss
0
CY2022Q2 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
254487000
CY2022Q2 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
253040000
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
183915000
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
183868000
CY2022Q2 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
64064000
CY2022Q2 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
62267000
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
96035000
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
96257000
CY2022Q2 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost
11588000
CY2022Q2 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
10546000
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost
11129000
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
11601000
CY2022Q2 us-gaap Available For Sale Securities Debt Maturities After Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAmortizedCost
5115000
CY2022Q2 us-gaap Available For Sale Securities Debt Maturities After Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
4775000
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities After Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAmortizedCost
4694000
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities After Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
4752000
CY2022Q2 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
330628000
CY2022Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1100000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2300000
CY2021Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
295773000
CY2021Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
296478000
CY2021Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1000000
CY2022Q2 us-gaap Goodwill Gross
GoodwillGross
38101000
CY2022Q2 us-gaap Goodwill
Goodwill
38101000
CY2021Q4 us-gaap Goodwill Gross
GoodwillGross
34071000
CY2021Q4 us-gaap Goodwill
Goodwill
34071000
CY2022Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
32444000
CY2022Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-12282000
CY2022Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
20162000
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
23974000
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-9940000
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
14034000
CY2022Q2 mmi Intangible Assets Gross Including Goodwill
IntangibleAssetsGrossIncludingGoodwill
70545000
CY2022Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-12282000
CY2022Q2 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
58263000
CY2021Q4 mmi Intangible Assets Gross Including Goodwill
IntangibleAssetsGrossIncludingGoodwill
58045000
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-9940000
CY2021Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
48105000
us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P4Y10M24D
CY2021 us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P4Y4M24D
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2100000
CY2021Q4 us-gaap Goodwill
Goodwill
34071000
CY2020Q4 us-gaap Goodwill
Goodwill
33375000
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
4030000
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
696000
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2022Q2 us-gaap Goodwill
Goodwill
38101000
CY2021Q2 us-gaap Goodwill
Goodwill
34071000
CY2022Q2 mmi Advances And Loans And Commissions Receivable Allowance For Credit Loss
AdvancesAndLoansAndCommissionsReceivableAllowanceForCreditLoss
1110000
CY2021Q4 mmi Advances And Loans And Commissions Receivable Allowance For Credit Loss
AdvancesAndLoansAndCommissionsReceivableAllowanceForCreditLoss
794000
CY2022Q2 us-gaap Other Assets Current
OtherAssetsCurrent
5880000
CY2021Q4 us-gaap Other Assets Current
OtherAssetsCurrent
5270000
CY2022Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
13573000
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
2341000
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Rolling Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextRollingTwelveMonths
4617000
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearTwo
4101000
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearThree
3881000
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearFour
2156000
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
3066000
CY2022Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
20162000
CY2021Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
13146000
mmi Treasury Note Rate Term
TreasuryNoteRateTerm
P1Y
CY2021Q4 us-gaap Servicing Asset At Amortized Value
ServicingAssetAtAmortizedValue
1855000
CY2020Q4 us-gaap Servicing Asset At Amortized Value
ServicingAssetAtAmortizedValue
1897000
us-gaap Servicing Asset At Amortized Value Additions
ServicingAssetAtAmortizedValueAdditions
0
us-gaap Servicing Asset At Amortized Value Additions
ServicingAssetAtAmortizedValueAdditions
366000
us-gaap Servicing Asset At Amortized Value Amortization1
ServicingAssetAtAmortizedValueAmortization1
1275000
us-gaap Servicing Asset At Amortized Value Amortization1
ServicingAssetAtAmortizedValueAmortization1
270000
mmi Servicing Asset At Amortized Cost Reclassification To Assets Held For Sale
ServicingAssetAtAmortizedCostReclassificationToAssetsHeldForSale
280000
mmi Servicing Asset At Amortized Cost Reclassification To Assets Held For Sale
ServicingAssetAtAmortizedCostReclassificationToAssetsHeldForSale
0
mmi Gross Gain Loss On Servicing Asset On Disposals
GrossGainLossOnServicingAssetOnDisposals
-300000
mmi Gross Gain Loss On Servicing Asset On Disposals
GrossGainLossOnServicingAssetOnDisposals
0
CY2022Q2 us-gaap Servicing Asset At Amortized Value
ServicingAssetAtAmortizedValue
0
CY2021Q2 us-gaap Servicing Asset At Amortized Value
ServicingAssetAtAmortizedValue
1993000
CY2022Q2 mmi Stock Appreciation Rights Liability Current
StockAppreciationRightsLiabilityCurrent
2323000
CY2021Q4 mmi Stock Appreciation Rights Liability Current
StockAppreciationRightsLiabilityCurrent
2241000
CY2022Q2 mmi Stock Appreciation Rights Liability Noncurrent
StockAppreciationRightsLiabilityNoncurrent
12866000
CY2021Q4 mmi Stock Appreciation Rights Liability Noncurrent
StockAppreciationRightsLiabilityNoncurrent
14918000
CY2022Q2 mmi Deferred Consideration Liabilities Current
DeferredConsiderationLiabilitiesCurrent
2863000
CY2021Q4 us-gaap Deferred Compensation Cash Based Arrangements Liability Current
DeferredCompensationCashBasedArrangementsLiabilityCurrent
1080000
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Net
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersNet
0
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Net
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersNet
0
CY2021Q4 mmi Deferred Consideration Liabilities Current
DeferredConsiderationLiabilitiesCurrent
5112000
CY2022Q2 us-gaap Accrued Sales Commission Current
AccruedSalesCommissionCurrent
52316000
CY2021Q4 us-gaap Accrued Sales Commission Current
AccruedSalesCommissionCurrent
110769000
CY2022Q2 mmi Accrued Sales Commission Non Current
AccruedSalesCommissionNonCurrent
28813000
CY2021Q4 mmi Accrued Sales Commission Non Current
AccruedSalesCommissionNonCurrent
31697000
CY2022Q2 us-gaap Deferred Compensation Cash Based Arrangements Liability Current
DeferredCompensationCashBasedArrangementsLiabilityCurrent
622000
CY2022Q2 us-gaap Deferred Compensation Cashbased Arrangements Liability Classified Noncurrent
DeferredCompensationCashbasedArrangementsLiabilityClassifiedNoncurrent
6417000
CY2021Q4 us-gaap Deferred Compensation Cashbased Arrangements Liability Classified Noncurrent
DeferredCompensationCashbasedArrangementsLiabilityClassifiedNoncurrent
6921000
CY2022Q2 us-gaap Other Deferred Compensation Arrangements Liability Current
OtherDeferredCompensationArrangementsLiabilityCurrent
126000
CY2021Q4 us-gaap Other Deferred Compensation Arrangements Liability Current
OtherDeferredCompensationArrangementsLiabilityCurrent
595000
CY2022Q2 us-gaap Other Deferred Compensation Arrangements Liability Classified Noncurrent
OtherDeferredCompensationArrangementsLiabilityClassifiedNoncurrent
0
CY2021Q4 us-gaap Other Deferred Compensation Arrangements Liability Classified Noncurrent
OtherDeferredCompensationArrangementsLiabilityClassifiedNoncurrent
0
CY2022Q2 mmi Deferred Compensation And Commissions Current
DeferredCompensationAndCommissionsCurrent
55387000
CY2021Q4 mmi Deferred Compensation And Commissions Current
DeferredCompensationAndCommissionsCurrent
114685000
CY2022Q2 mmi Deferred Compensation And Commissions Non Current
DeferredCompensationAndCommissionsNonCurrent
48096000
CY2021Q4 mmi Deferred Compensation And Commissions Non Current
DeferredCompensationAndCommissionsNonCurrent
53536000
CY2022Q2 mmi Increase Decrease In Carrying Value Of Assets Held In Rabbi Trust
IncreaseDecreaseInCarryingValueOfAssetsHeldInRabbiTrust
-1259000
CY2021Q2 mmi Increase Decrease In Carrying Value Of Assets Held In Rabbi Trust
IncreaseDecreaseInCarryingValueOfAssetsHeldInRabbiTrust
657000
mmi Increase Decrease In Carrying Value Of Assets Held In Rabbi Trust
IncreaseDecreaseInCarryingValueOfAssetsHeldInRabbiTrust
-1784000
mmi Increase Decrease In Carrying Value Of Assets Held In Rabbi Trust
IncreaseDecreaseInCarryingValueOfAssetsHeldInRabbiTrust
990000
CY2022Q2 us-gaap Increase Decrease In Deferred Compensation
IncreaseDecreaseInDeferredCompensation
-1259000
CY2021Q2 us-gaap Increase Decrease In Deferred Compensation
IncreaseDecreaseInDeferredCompensation
503000
us-gaap Increase Decrease In Deferred Compensation
IncreaseDecreaseInDeferredCompensation
-1791000
us-gaap Increase Decrease In Deferred Compensation
IncreaseDecreaseInDeferredCompensation
763000
CY2022Q2 us-gaap Dividends Payable Current
DividendsPayableCurrent
612000
CY2022Q2 mmi Deferred Consideration Liabilities Noncurrent
DeferredConsiderationLiabilitiesNoncurrent
3300000
CY2021Q4 mmi Deferred Consideration Liabilities Noncurrent
DeferredConsiderationLiabilitiesNoncurrent
4689000
CY2022Q2 us-gaap Business Combination Contingent Consideration Liability Current
BusinessCombinationContingentConsiderationLiabilityCurrent
2466000
CY2021Q4 us-gaap Business Combination Contingent Consideration Liability Current
BusinessCombinationContingentConsiderationLiabilityCurrent
2681000
CY2022Q2 us-gaap Business Combination Contingent Consideration Liability Noncurrent
BusinessCombinationContingentConsiderationLiabilityNoncurrent
5313000
CY2021Q4 us-gaap Business Combination Contingent Consideration Liability Noncurrent
BusinessCombinationContingentConsiderationLiabilityNoncurrent
6631000
CY2021Q4 us-gaap Dividends Payable Current
DividendsPayableCurrent
0
CY2022Q2 mmi Dividends Payable Non Current
DividendsPayableNonCurrent
1443000
CY2021Q4 mmi Dividends Payable Non Current
DividendsPayableNonCurrent
0
CY2022Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1626000
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
991000
CY2022Q2 us-gaap Other Accrued Liabilities Noncurrent
OtherAccruedLiabilitiesNoncurrent
32000
CY2021Q4 us-gaap Other Accrued Liabilities Noncurrent
OtherAccruedLiabilitiesNoncurrent
74000
CY2022Q2 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
7567000
CY2021Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
8784000
CY2022Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
10088000
CY2021Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
11394000
CY2022Q2 us-gaap Due From Employees
DueFromEmployees
16000
CY2021Q4 us-gaap Due From Employees
DueFromEmployees
40000
CY2022Q2 mmi Deferred Consideration Liabilities Current Noncurrent
DeferredConsiderationLiabilitiesCurrentNoncurrent
6163000
CY2021Q4 mmi Deferred Consideration Liabilities Current Noncurrent
DeferredConsiderationLiabilitiesCurrentNoncurrent
9801000
CY2022Q2 us-gaap Deferred Compensation Cashbased Arrangements Liability Current And Noncurrent
DeferredCompensationCashbasedArrangementsLiabilityCurrentAndNoncurrent
7039000
CY2021Q4 us-gaap Deferred Compensation Cashbased Arrangements Liability Current And Noncurrent
DeferredCompensationCashbasedArrangementsLiabilityCurrentAndNoncurrent
8001000
CY2022Q2 mmi Business Combination Contingent Deferred Consideration Arrangements Range Of Outcomes Value High
BusinessCombinationContingentDeferredConsiderationArrangementsRangeOfOutcomesValueHigh
23800000
CY2021Q4 mmi Business Combination Contingent Deferred Consideration Arrangements Range Of Outcomes Value High
BusinessCombinationContingentDeferredConsiderationArrangementsRangeOfOutcomesValueHigh
28600000
CY2022Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
39964292
CY2022Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
39964292
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
39692373
CY2021Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
39692373
CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2022Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
60111000
mmi Unrecognized Compensation Expense Is Expected To Be Recognized Over A Weightedaverage Period Years
UnrecognizedCompensationExpenseIsExpectedToBeRecognizedOverAWeightedaveragePeriodYears
P4Y10D
CY2022Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P4Y10D
CY2022Q1 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
52100000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
848629
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
47.16
CY2022Q2 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
225557
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
36.44
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
14050
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
36.79
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
1589958
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
42.45
CY2021Q2 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
8994000
CY2021Q2 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
us-gaap Payments Of Dividends
PaymentsOfDividends
50100000
CY2022Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
25000000
CY2022Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2021Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2022Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2021Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2022Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2022Q2 us-gaap Undistributed Earnings Of Foreign Subsidiaries
UndistributedEarningsOfForeignSubsidiaries
0
mmi Two Zero One Three Omnibus Equity Incentive Plan Amendment Board Of Directors Approval Date
TwoZeroOneThreeOmnibusEquityIncentivePlanAmendmentBoardOfDirectorsApprovalDate
2017-02
mmi Two Zero One Three Omnibus Equity Incentive Plan Amendment Shareholder Approval Date
TwoZeroOneThreeOmnibusEquityIncentivePlanAmendmentShareholderApprovalDate
2017-05
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
3990582
CY2022Q1 us-gaap Dividends Payable Date Declared Day Month And Year
DividendsPayableDateDeclaredDayMonthAndYear
2022-02-16
CY2022Q1 us-gaap Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
2022-04-04
CY2022Q1 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2022-03-08
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
980936
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
36.58
CY2022Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4275000
CY2021Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2662000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
8131000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4950000
CY2022Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.249
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.255
CY2021Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.264
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.272
CY2022Q2 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.043
CY2021Q2 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
1999000
CY2022Q2 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
11786000
us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.003
CY2022Q2 mmi Income Tax Reconciliation Permanent And Other Items
IncomeTaxReconciliationPermanentAndOtherItems
1515000
us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
21139000
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
13425000
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2022Q2 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
2389000
CY2021Q2 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.047
us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
4422000
us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.044
us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
3046000
us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.048
CY2022Q2 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
-1758000
CY2022Q2 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
-0.031
CY2021Q2 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
-52000
CY2021Q2 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
-0.001
us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
-2064000
us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
-0.021
us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
-79000
us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
-0.001
CY2022Q2 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
23000
CY2022Q2 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0
CY2021Q2 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
17000
CY2021Q2 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0
us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-81000
us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.001
us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
188000
CY2022Q2 mmi Effective Income Tax Rate On Permanent And Other Items
EffectiveIncomeTaxRateOnPermanentAndOtherItems
0.027
CY2021Q2 mmi Income Tax Reconciliation Permanent And Other Items
IncomeTaxReconciliationPermanentAndOtherItems
339000
CY2021Q2 mmi Effective Income Tax Rate On Permanent And Other Items
EffectiveIncomeTaxRateOnPermanentAndOtherItems
0.008
mmi Income Tax Reconciliation Permanent And Other Items
IncomeTaxReconciliationPermanentAndOtherItems
2296000
mmi Effective Income Tax Rate On Permanent And Other Items
EffectiveIncomeTaxRateOnPermanentAndOtherItems
0.023
mmi Income Tax Reconciliation Permanent And Other Items
IncomeTaxReconciliationPermanentAndOtherItems
803000
mmi Effective Income Tax Rate On Permanent And Other Items
EffectiveIncomeTaxRateOnPermanentAndOtherItems
0.012
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
13955000
CY2022Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.249
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
11297000
CY2021Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.264
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
25712000
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.255
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
17383000
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.272
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
42168000
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
31532000
us-gaap Net Income Loss
NetIncomeLoss
46544000
us-gaap Net Income Loss
NetIncomeLoss
74951000
CY2022Q2 mmi Change In Value Deferred Consideration Settled In Stock
ChangeInValueDeferredConsiderationSettledInStock
-24000
CY2021Q2 mmi Change In Value Deferred Consideration Settled In Stock
ChangeInValueDeferredConsiderationSettledInStock
-42000
mmi Change In Value Deferred Consideration Settled In Stock
ChangeInValueDeferredConsiderationSettledInStock
-38000
mmi Change In Value Deferred Consideration Settled In Stock
ChangeInValueDeferredConsiderationSettledInStock
10000
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
42144000
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
31490000
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.87
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.85
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.16
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
74913000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
46554000
CY2022Q2 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
39936000
CY2021Q2 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
39549000
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
39829000
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
39491000
CY2022Q2 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
12000
CY2021Q2 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
14000
us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
13000
us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
16000
CY2022Q2 us-gaap Weighted Average Number Of Shares Contingently Issuable
WeightedAverageNumberOfSharesContingentlyIssuable
124000
CY2021Q2 us-gaap Weighted Average Number Of Shares Contingently Issuable
WeightedAverageNumberOfSharesContingentlyIssuable
342000
us-gaap Weighted Average Number Of Shares Contingently Issuable
WeightedAverageNumberOfSharesContingentlyIssuable
202000
us-gaap Weighted Average Number Of Shares Contingently Issuable
WeightedAverageNumberOfSharesContingentlyIssuable
342000
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
40048000
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
39877000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
40018000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
39817000
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.05
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.79
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.17
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
40048000
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
39877000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
40018000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
39817000
CY2022Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
213000
CY2021Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
149000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
291000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
182000
CY2022Q2 us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
81000
CY2021Q2 us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
113000
us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
81000
us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
113000
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
40342000
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
40139000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
40390000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
40112000
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.04
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.78
CY2022Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
843000
CY2021Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
48000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
843000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
275000
mmi Date Entered Into Credit Agreement
DateEnteredIntoCreditAgreement
2014-06-18
mmi Credit Agreement Amended And Restated Date
CreditAgreementAmendedAndRestatedDate
2022-05-31
CY2022Q2 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
60000000
us-gaap Line Of Credit Facility Interest Rate Description
LineOfCreditFacilityInterestRateDescription
The Credit Facility includes a $10.0 million sublimit for the issuance of standby letters of credit of which $533,000 was utilized at June 30, 2022. Borrowings under the Credit Facility will bear interest at the Daily Simple SOFR rate plus a spread of between 1.00% to 1.25% depending on the Company’s total funded debt to EBITDA as defined in the Credit Agreement.
CY2022Q2 mmi Standby Letters Of Credit Sublimit
StandbyLettersOfCreditSublimit
10000000
CY2022Q2 mmi Standby Letters Of Credit Amount Utilized
StandbyLettersOfCreditAmountUtilized
533000
us-gaap Line Of Credit Facility Unused Capacity Commitment Fee Percentage
LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage
0.001
CY2022Q2 us-gaap Line Of Credit
LineOfCredit
0
us-gaap Line Of Credit Facility Covenant Terms
LineOfCreditFacilityCovenantTerms
(i) an EBITDAR Coverage Ratio (as defined in the Credit Agreement) of not less than 1.25:1.0 as of each quarter end, determined on a rolling four-quarter basis, and (ii) total funded debt to EBITDA not greater than 2.0:1.0 as of each quarter end, determined on a rolling four-quarter basis, and also limits investments in foreign entities and certain other loans.
mmi Minimum Ebitdar Coverage Ratio
MinimumEbitdarCoverageRatio
0.0125
mmi Maximum Funded Debt To Ebitda Ratio
MaximumFundedDebtToEbitdaRatio
2.0
mmi Credit Facility Pledge Percentage
CreditFacilityPledgePercentage
1
us-gaap Line Of Credit Facility Covenant Compliance
LineOfCreditFacilityCovenantCompliance
As of June 30, 2022, the Company was in compliance with all financial and non-financial covenants and has not experienced any limitation in its operations as a result of the covenants.
CY2022Q2 us-gaap Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
25400000
CY2022Q2 mmi Maximum Unpaid Loan Amount For Which Guarantee Obligations Granted
MaximumUnpaidLoanAmountForWhichGuaranteeObligationsGranted
152600000
CY2022Q2 mmi Guarantee Obligation For Loan
GuaranteeObligationForLoan
0
CY2022Q2 us-gaap Other Commitment
OtherCommitment
20900000

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