XML 40 R29.htm IDEA: XBRL DOCUMENT
v3.19.3

Selected Balance Sheet Data (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Schedule of Other Assets | Other assets consisted of the following (in thousands):
|  | Current |  |  | Non-Current |
|  | September 30, 2019 |  |  | December 31, 2018 |  |  | September 30, 2019 |  |  | December 31, 2018 |
MSRs, net of amortization |  | $ | — |  |  | $ | — |  |  | $ | 2,039 |  |  | $ | 2,209 |
Due from independent contractors, net (1) (2) |  |  | 2,381 |  |  |  | 3,831 |  |  |  | 48,911 |  |  |  | 27,157 |
Security deposits |  |  | — |  |  |  | — |  |  |  | 1,313 |  |  |  | 1,196 |
Employee notes receivable (3) |  |  | 150 |  |  |  | 156 |  |  |  | 373 |  |  |  | 370 |
Customer trust accounts and other |  |  | 9,821 |  |  |  | 2,381 |  |  |  | 796 |  |  |  | 846 |
|  | $ | 12,352 |  |  | $ | 6,368 |  |  | $ | 53,432 |  |  | $ | 31,778 |
(1) | Represents amounts advanced, notes receivable and other receivables due from the Company’s investment sales and financing professionals. The notes receivable along with interest are typically collected from future commissions and are generally due in one to five years.
(2) | Includes allowance for doubtful accounts related to current receivables of $404 and $514 as of September 30, 2019 and December 31, 2018, respectively. The Company recorded a provision for bad debt expense of $88 and $81 and wrote-off $82 and $17 of these receivables for the three months ended September 30, 2019 and 2018, respectively. The Company recorded a provision for bad debt expense of $75 and $52 and wrote-off $185 and $72 of these receivables for the nine months ended September 30, 2019 and 2018, respectively. Any cash receipts on notes are applied first to unpaid principal balance prior to any income being recognized.
(3) | Reduction of accrued bonuses and other employee related expenses in settlement of employee notes receivable were $60 and $192 for the nine months ended September 30, 2019 and 2018, respectively. See Note 9 – “Related-Party Transactions” for additional information.
Summary of Net Change in Carrying Value of MSRs | The net change in the carrying value of MSRs consisted of the following (in thousands):
|  | September 30, 2019 |  |  | December 31, 2018 |
Beginning balance |  | $ | 2,209 |  |  | $ | — |
Additions from acquisition |  |  | — |  |  |  | 2,121 |
Additions |  |  | 243 |  |  |  | 391 |
Amortization |  |  | (413 | ) |  |  | (303 | )
Ending balance |  | $ | 2,039 |  |  | $ | 2,209 |
Components of Deferred Compensation and Commissions | Deferred compensation and commissions consisted of the following (in thousands):
|  | Current |  |  | Non-Current |
|  | September 30, 2019 |  |  | December 31, 2018 |  |  | September 30, 2019 |  |  | December 31, 2018 |
Stock appreciation rights (“SARs”) liability (1) |  | $ | 1,895 |  |  | $ | 1,810 |  |  | $ | 18,082 |  |  | $ | 19,299 |
Commissions payable to investment sales and financing professionals |  |  | 29,118 |  |  |  | 44,812 |  |  |  | 16,858 |  |  |  | 23,983 |
Deferred compensation liability (1) |  |  | 1,437 |  |  |  | 1,288 |  |  |  | 6,755 |  |  |  | 6,605 |
|  | $ | 32,450 |  |  | $ | 47,910 |  |  | $ | 41,695 |  |  | $ | 49,887 |
(1) | The SARs and deferred compensation liability become subject to payout as a result of a participant no longer being considered as a service provider. As a result of the retirement of certain participants, estimated amounts to be paid to the participants within the next twelve months have been classified as current.
Summary of Net Change in Carrying Value of Assets Held in Rabbi Trust and Deferred Compensation Liability | The net change in the carrying value of the assets held in the rabbi trust and the net change in the carrying value of the deferred compensation liability, each exclusive of additional contributions, distributions and trust expenses, consisted of the following (in thousands):
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |
Increase in the carrying value of the assets held in the rabbi trust (1) |  | $ | 31 |  |  | $ | 266 |  |  | $ | 959 |  |  | $ | 456 |
Increase in the net carrying value of the deferred compensation obligation (2) |  | $ | 31 |  |  | $ | 267 |  |  | $ | 943 |  |  | $ | 455 |
(1) | Recorded in other income (expense), net in the condensed consolidated statements of net and comprehensive income.
(2) | Recorded in selling, general and administrative expense in the condensed consolidated statements of net and comprehensive income.
Summary of Deferred Rent and Other Liabilities | Deferred rent and other liabilities consisted of the following (in thousands):
|  | Non-Current |
|  | September 30, 2019 |  |  | December 31, 2018 |
Deferred rent (1) |  | $ | — |  |  | $ | 5,445 |
Contingent consideration and other (2) |  |  | 2,001 |  |  |  | 2,054 |
|  | $ | 2,001 |  |  | $ | 7,499 |
(1) | The Company does not have deferred rent in 2019 due to adoption of the new lease standard on January 1, 2019.
(2) | The current portions of contingent consideration in the amounts of $853 and $821 as of September 30, 2019 and December 31, 2018, respectively, are included in accounts payable and other liabilities in the condensed consolidated balance sheets.

X
- Definition Net Change in Carrying Value of Assets Held in Rabbi Trust and Deferred Compensation Obligation Table [Text Block] + References No definition available. + Details
Name: | mmi_NetChangeInCarryingValueOfAssetsHeldInRabbiTrustAndDeferredCompensationObligationTableTextBlock
Namespace Prefix: | mmi_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of Deferred Compensation and Commissions [Table Text Block] + References No definition available. + Details
Name: | mmi_ScheduleOfDeferredCompensationAndCommissionsTableTextBlock
Namespace Prefix: | mmi_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule Of Deferred Rent and Other Liabilities [Table Text Block] + References No definition available. + Details
Name: | mmi_ScheduleOfDeferredRentAndOtherLiabilitiesTableTextBlock
Namespace Prefix: | mmi_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition Tabular disclosure of the carrying amounts of other assets. This disclosure includes other current assets and other noncurrent assets. + References No definition available. + Details
Name: | us-gaap_ScheduleOfOtherAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of activity in the balance of servicing assets subsequently measured at amortized cost. Includes, but is not limited to, beginning and ending balances, additions, disposals, and amortization. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 50 -Section 50 -Paragraph 4 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=116651436&loc=d3e122739-111746 + Details
Name: | us-gaap_ScheduleOfServicingAssetsAtAmortizedValueTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration