XML 40 R28.htm IDEA: XBRL DOCUMENT
v3.21.2

Stock-Based Compensation Plans (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2021
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 weighted average 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, 2020 (1) |  |  | 16,728 |  |  |  | 637,650 |  |  |  | 264,001 |  |  |  | 918,379 |  |  | $ | 33.73 |
Granted |  |  | 12,492 |  |  |  | 247,469 |  |  |  | 15,386 |  |  |  | 275,347 |  |  | $ | 38.57 |
Vested |  |  | (16,728 | ) |  |  | (155,379 | ) |  |  | (27,936 | ) |  |  | (200,043 | ) |  | $ | 32.31 |
Transferred |  |  | — |  |  |  | (3,220 | ) |  |  | 3,220 |  |  |  | — |  |  | $ | 31.05 |
Forfeited/canceled |  |  | — |  |  |  | (16,476 | ) |  |  | (3,585 | ) |  |  | (20,061 | ) |  | $ | 33.05 |
Nonvested shares at June 30, 2021 (1) |  |  | 12,492 |  |  |  | 710,044 |  |  |  | 251,086 |  |  |  | 973,622 |  |  | $ | 34.86 |
Unrecognized stock-based compensation expense as of June 30, 2021 (2) |  | $ | 378 |  |  | $ | 23,442 |  |  | $ | 6,634 |  |  | $ | 30,454 |  |  |  |  |
Weighted average remaining vesting period (years) as of June 30, 2021 |  |  | 0.84 |  |  |  | 3.75 |  |  |  | 2.99 |  |  |  | 3.55 |  |  |  |  |
(1) | Nonvested RSUs 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 3.55 years.
Schedule of Future Share Settlements |
|  | June 30, 2021 |
2021 |  |  | 60,373 |
2022 |  |  | 281,193 |
|  |  | 341,566 |
Stock-Based Compensation Expense | Components of stock-based compensation are included in selling, general and administrative expense in the condensed consolidated statements of net and comprehensive income and consisted of the following (in thousands):
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
ESPP |  | $ | 24 |  |  | $ | 36 |  |  | $ | 74 |  |  | $ | 83 |
RSAs – non-employee directors |  |  | 113 |  |  |  | 213 |  |  |  | 224 |  |  |  | 373 |
RSUs – employees |  |  | 1,747 |  |  |  | 1,514 |  |  |  | 3,201 |  |  |  | 3,170 |
RSUs – independent contractors |  |  | 778 |  |  |  | 773 |  |  |  | 1,451 |  |  |  | 1,542 |
|  | $ | 2,662 |  |  | $ | 2,536 |  |  | $ | 4,950 |  |  | $ | 5,168 |

X
- Definition Schedule of share based compensation restricted stock awards, RSUs, unrecognized stock based compensation, weighted average grant date fair value per share and weighted average remaining vesting period. + References No definition available. + Details
Name: | mmi_ScheduleOfShareBasedCompensationRestrictedStockAwardsRSUsUnrecognizedStockBasedCompensationWeightedAverageGrantDateFairValuePerShareAndWeightedAverageRemainingVestingPeriodTableTextBlock
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 allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -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=115993241&loc=d3e301413-122809 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5047-113901 + Details
Name: | us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of activity for award under share-based payment arrangement. Includes, but is not limited to, outstanding award at beginning and end of year, granted, exercised, forfeited, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration