XML 42 R27.htm IDEA: XBRL DOCUMENT
v3.5.0.2

Stock-Based Compensation Plans (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
Outstanding Awards Under 2013 Omnibus Equity Incentive Plan | Activity under the 2013 Plan consisted of the following (dollars in thousands, except per share data):
|  | RSA Grants to Non-employee Directors |  |  | RSU Grants to Employees |  |  | RSU Grants to Independent Contractors |  |  | Total |  |  | Weighted- Average Grant Date Fair Value Per Share |
Nonvested shares at December 31, 2015 |  |  | 35,364 |  |  |  | 468,969 |  |  |  | 521,780 |  |  |  | 1,026,113 |  |  | $ | 21.17 |
Granted |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
February 2016 |  |  | — |  |  |  | 172,496 |  |  |  | 8,856 |  |  |  | 181,352 |  |  |  |  |
March 2016 |  |  | — |  |  |  | 30,000 |  |  |  | — |  |  |  | 30,000 |  |  |  |  |
May 2016 |  |  | 14,742 |  |  |  | 11,051 |  |  |  | 8,188 |  |  |  | 33,981 |  |  |  |  |
August 2016 |  |  | — |  |  |  | 12,781 |  |  |  | 49,608 |  |  |  | 62,389 |  |  |  |  |
Total Granted |  |  | 14,742 |  |  |  | 226,328 |  |  |  | 66,652 |  |  |  | 307,722 |  |  |  | 23.79 |
Vested |  |  | (10,998 | ) |  |  | (103,428 | ) |  |  | (124,970 | ) |  |  | (239,396 | ) |  |  | 20.03 |
Forfeited/canceled |  |  | — |  |  |  | (37,299 | ) |  |  | (4,135 | ) |  |  | (41,434 | ) |  |  | 21.64 |
Nonvested shares at September 30, 2016 (1) |  |  | 39,108 |  |  |  | 554,570 |  |  |  | 459,327 |  |  |  | 1,053,005 |  |  | $ | 22.18 |
Unrecognized stock-based compensation expense as of September 30, 2016 (2) |  | $ | 584 |  |  | $ | 10,836 |  |  | $ | 9,183 |  |  | $ | 20,603 |  |  |  |  |
Weighted average remaining vesting period (years) as of September 30, 2016 |  |  | 1.97 |  |  |  | 3.60 |  |  |  | 2.86 |  |  |  | 3.22 |  |  |  |  |
(1) | Nonvested RSU’s will be settled through the issuance of new shares of common stock.
(2) | The total unrecognized compensation expense is expected to be recognized over a weighted-average period of approximately 3.22 years.
Stock-Based Compensation Expense | Components of stock-based compensation included in selling, general and administrative expense in the condensed consolidated statements of net and comprehensive income consisted of the following (in thousands, except common stock price):
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2016 |  |  | 2015 |  |  | 2016 |  |  | 2015 |
Employee stock purchase plan |  | $ | 54 |  |  | $ | 56 |  |  | $ | 162 |  |  | $ | 184 |
RSAs – non-employee directors |  |  | 121 |  |  |  | 91 |  |  |  | 319 |  |  |  | 228 |
RSUs – employees |  |  | 734 |  |  |  | 547 |  |  |  | 2,210 |  |  |  | 1,626 |
RSUs – independent contractors (1) |  |  | 924 |  |  |  | 1,474 |  |  |  | 2,242 |  |  |  | 4,712 |
|  | $ | 1,833 |  |  | $ | 2,168 |  |  | $ | 4,933 |  |  | $ | 6,750 |
Common stock price at beginning of period |  | $ | 25.41 |  |  | $ | 46.14 |  |  | $ | 29.14 |  |  | $ | 33.25 |
Common stock price at end of period |  | $ | 26.15 |  |  | $ | 45.99 |  |  | $ | 26.15 |  |  | $ | 45.99 |
Increase (decrease) in stock price |  | $ | 0.74 |  |  | $ | (0.15 | ) |  | $ | (2.99 | ) |  | $ | 12.74 |
(1) | The Company grants RSUs to independent contractors (i.e. investment sales and financing professionals), who are considered non-employees under ASC 718. Accordingly, such awards are required to be measured at fair value at the end of each reporting period until settlement. Stock-based compensation expense is therefore impacted by the changes in the Company’s common stock price during each reporting period.

X
- Definition Schedule Of Share based Compensation Restricted Stock Awards, Restricted Stock Units, Unrecognized Stock-Based Compensation and Weighted Average Remaining Vesting Period Table [Text Block]. + References No definition available. + Details
Name: | mmi_ScheduleOfShareBasedCompensationRestrictedStockAwardsRestrictedStockUnitsUnrecognizedStockBasedCompensationAndWeightedAverageRemainingVestingPeriodTableTextBlock
Namespace Prefix: | mmi_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the allocation of equity-based compensation costs to a given line item on the balance sheet and income statement for the period. This may include the reporting line for the costs and the amount capitalized and expensed. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 14.F) -URI http://asc.fasb.org/extlink&oid=27013229&loc=d3e301413-122809 + Details
Name: | us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration