Marcus & Millichap (MMI) 10-K1 Mar 222021 FY Annual reportFinancial data

Company Profile

Cover Page

Cover Page - USD ($) $ in Millions	12 Months Ended
Cover Page - USD ($) $ in Millions	Dec. 31, 2021	Feb. 15, 2022	Jun. 30, 2021
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Transition Report	false
Document Period End Date	Dec. 31, 2021
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Registrant Name	MARCUS & MILLICHAP, INC.
Entity Interactive Data Current	Yes
Title of 12(b) Security	Common Stock
Trading Symbol	MMI
Security Exchange Name	NYSE
Entity File Number	001-36155
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	35-2478370
Entity Address, Address Line One	23975 Park Sorrento, Suite 400
Entity Address, City or Town	Calabasas
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	91302
City Area Code	818
Local Phone Number	212-2250
Entity Shell Company	false
Entity Small Business	false
Entity Emerging Growth Company	false
Amendment Flag	false
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	FY
Entity Central Index Key	0001578732
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Public Float			$ 937.2
Entity Common Stock, Shares Outstanding		39,693,316
ICFR Auditor Attestation Flag	true
Auditor Name	Ernst & Young LLP
Auditor Firm ID	42
Auditor Location	Los Angeles, California

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Current assets:
Cash and cash equivalents	$ 382,140	$ 243,152
Commissions receivable, net	17,230	10,391
Prepaid expenses	13,220	10,153
Marketable debt securities, available-for-sale (includes amortized cost of $183,915 and $158,148 at December 31, 2021 and 2020, respectively, and $0 allowance for credit losses)	183,868	158,258
Advances and loans, net	6,403	2,413
Other assets	5,270	4,711
Total current assets	608,131	429,078
Property and equipment, net	23,192	23,436
Operating lease right-of-use assets, net	81,528	84,024
Marketable debt securities, available-for-sale (includes amortized cost of $111,858 and $45,181 at December 31, 2021 and 2020, respectively, and $0 allowance for credit losses)	112,610	47,773
Assets held in rabbi trust	11,508	10,295
Deferred tax assets, net	33,736	21,374
Goodwill and other intangible assets, net	48,105	52,053
Advances and loans, net	113,242	106,913
Other assets	13,146	4,176
Total assets	1,045,198	779,122
Current liabilities:
Accounts payable and other liabilities	24,271	18,288
Deferred compensation and commissions	114,685	58,106
Income tax payable	17,853	3,726
Operating lease liabilities	18,973	19,190
Accrued bonuses and other employee related expenses	49,848	21,007
Total current liabilities	225,630	120,317
Deferred compensation and commissions	53,536	38,745
Operating lease liabilities	58,334	59,408
Other liabilities	11,394	13,816
Total liabilities	348,894	232,286
Commitments and contingencies	0	0
Stockholders' equity:
Preferred stock, $0.0001 par value: Authorized shares – 25,000,000; issued and outstanding shares – none at December 31, 2021 and 2020, respectively	0	0
Common stock, $0.0001 par value: Authorized shares – 150,000,000; issued and outstanding shares – 39,692,373 and 39,401,976 at December 31, 2021 and 2020, respectively	4	4
Additional paid-in capital	121,844	113,182
Retained earnings	573,546	431,076
Accumulated other comprehensive income	910	2,574
Total stockholders' equity	696,304	546,836
Total liabilities and stockholders' equity	$ 1,045,198	$ 779,122

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Statement of Financial Position [Abstract]
Amortized cost, current	$ 183,915	$ 158,148
Allowance for credit losses, current	0	0
Amortized cost, noncurrent	111,858	45,181
Allowance for credit losses, noncurrent	$ 0	$ 0
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	25,000,000	25,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	150,000,000	150,000,000
Common stock, shares issued	39,692,373	39,401,976
Common stock, shares outstanding	39,692,373	39,401,976

CONSOLIDATED STATEMENTS OF NET

CONSOLIDATED STATEMENTS OF NET AND COMPREHENSIVE INCOME - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Revenues:
Total revenues	$ 1,296,440	$ 716,906	$ 806,428
Operating expenses:
Cost of services	840,209	447,879	498,878
Selling, general and administrative	255,154	204,514	203,110
Depreciation and amortization	11,721	10,899	8,017
Total operating expenses	1,107,084	663,292	710,005
Operating income	189,356	53,614	96,423
Other income (expense), net	4,527	6,650	12,477
Interest expense	(580)	(900)	(1,388)
Income before provision for income taxes	193,303	59,364	107,512
Provision for income taxes	50,833	16,526	30,582
Net income	142,470	42,838	76,930
Marketable debt securities, available-for-sale:
Change in net unrealized gains/losses	(1,554)	799	1,822
Less: reclassification adjustment for net losses (gains) included in other income (expense), net	72	34	(43)
Net change, net of tax of $(505), $286 and $611 for the years ended December 31, 2021, 2020 and 2019, respectively	(1,482)	833	1,779
Foreign currency translation loss, net of tax of $0 for each of the years ended December 31, 2021, 2020 and 2019, respectively	(182)	(237)	(576)
Total other comprehensive (loss) income	(1,664)	596	1,203
Comprehensive income	$ 140,806	$ 43,434	$ 78,133
Earnings per share:
Basic	$ 3.57	$ 1.08	$ 1.95
Diluted	$ 3.55	$ 1.08	$ 1.95
Weighted average common shares outstanding:
Basic	39,888	39,642	39,404
Diluted	40,187	39,735	39,548
Real Estate Brokerage Commissions [Member]
Revenues:
Total revenues	$ 1,170,969	$ 633,164	$ 729,356
Financing Fees [Member]
Revenues:
Total revenues	109,690	70,538	66,293
Other Revenues [Member]
Revenues:
Total revenues	$ 15,781	$ 13,204	$ 10,779

CONSOLIDATED STATEMENTS OF NE_2

CONSOLIDATED STATEMENTS OF NET AND COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Statement [Abstract]
Marketable debt securities, available-for-sale, net change, tax	$ (505)	$ 286	$ 611
Foreign currency translation loss, tax	$ 0	$ 0	$ 0

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Cumulative Effect, Period of Adoption, Adjustment [Member]	Cumulative Effect, Period of Adoption, Adjusted Balance [Member]	Preferred Stock [Member]	Preferred Stock [Member]Cumulative Effect, Period of Adoption, Adjustment [Member]	Preferred Stock [Member]Cumulative Effect, Period of Adoption, Adjusted Balance [Member]	Common Stock [Member]	Common Stock [Member]Cumulative Effect, Period of Adoption, Adjustment [Member]	Common Stock [Member]Cumulative Effect, Period of Adoption, Adjusted Balance [Member]	Additional Paid-In Capital [Member]	Additional Paid-In Capital [Member]Cumulative Effect, Period of Adoption, Adjustment [Member]	Additional Paid-In Capital [Member]Cumulative Effect, Period of Adoption, Adjusted Balance [Member]	Stock Notes Receivable From Employees [Member]	Stock Notes Receivable From Employees [Member]Cumulative Effect, Period of Adoption, Adjustment [Member]	Stock Notes Receivable From Employees [Member]Cumulative Effect, Period of Adoption, Adjusted Balance [Member]	Retained Earnings [Member]	Retained Earnings [Member]Cumulative Effect, Period of Adoption, Adjustment [Member]	Retained Earnings [Member]Cumulative Effect, Period of Adoption, Adjusted Balance [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Accumulated Other Comprehensive Income (Loss) [Member]Cumulative Effect, Period of Adoption, Adjustment [Member]	Accumulated Other Comprehensive Income (Loss) [Member]Cumulative Effect, Period of Adoption, Adjusted Balance [Member]
Beginning Balance at Dec. 31, 2018	$ 409,574			$ 0		$ 0	$ 4		$ 4	$ 97,458		$ 104,658	$ (4)		$ (4)	$ 311,341		$ 388,238	$ 775		$ 1,978
Beginning Balance, Shares at Dec. 31, 2018				0		0	38,814,464		39,153,195
Net and comprehensive income (loss)	78,133			$ 0			$ 0			0			0			76,930			1,203
Stock-based compensation	9,278			$ 0			$ 0			9,278			0			0			0
Stock-based compensation, Shares				0			0
Issuance of common stock pursuant to employee stock purchase plan	657			$ 0			$ 0			657			0			0			0
Issuance of common stock pursuant to employee stock purchase plan, Shares				0			21,421
Issuance of common stock for vesting of restricted stock units	0			$ 0			$ 0			0			0			0			0
Issuance of common stock for vesting of restricted stock units, Shares				0			378,194
Issuance of common stock for unvested restricted stock awards	0			$ 0			$ 0			0			0			0			0
Issuance of common stock for unvested restricted stock awards, Shares				0			12,806
Shares withheld related to net share settlement of stock-based awards	(2,735)			$ 0			$ 0			(2,735)			0			0			0
Shares withheld related to net share settlement of stock-based awards, shares				0			(73,690)
Ending Balance at Dec. 31, 2019	494,907	$ (33)	$ 494,874	$ 0	$ 0		$ 4	$ 0		104,658	$ 0		(4)	$ 0		388,271	$ (33)		1,978	$ 0
Ending Balance, Shares at Dec. 31, 2019				0	0		39,153,195	0
Net and comprehensive income (loss)	43,434			$ 0			$ 0			0			0			42,838			596
Stock-based compensation	9,905			$ 0			$ 0			9,905			0			0			0
Stock-based compensation, Shares				0			0
Issuance of common stock pursuant to employee stock purchase plan	642			$ 0			$ 0			642			0			0			0
Issuance of common stock pursuant to employee stock purchase plan, Shares				0			27,596
Issuance of common stock for vesting of restricted stock units	0			$ 0			$ 0			0			0			0			0
Issuance of common stock for vesting of restricted stock units, Shares				0			264,235
Issuance of common stock for unvested restricted stock awards	0			$ 0			$ 0			0			0			0			0
Issuance of common stock for unvested restricted stock awards, Shares				0			19,516
Shares withheld related to net share settlement of stock-based awards	(2,023)			$ 0			$ 0			(2,023)			0			0			0
Shares withheld related to net share settlement of stock-based awards, shares				0			(62,566)
Reduction of stock notes receivable from employees	4			$ 0			$ 0			0			4			0			0
Ending Balance at Dec. 31, 2020	546,836			$ 0			$ 4			113,182			0			431,076			2,574
Ending Balance, Shares at Dec. 31, 2020				0			39,401,976
Net and comprehensive income (loss)	140,806			$ 0			$ 0			0			0			142,470			(1,664)
Stock-based compensation	10,361			$ 0			$ 0			10,361			0			0			0
Stock-based compensation, Shares				0			0
Issuance of common stock pursuant to employee stock purchase plan	653			$ 0			$ 0			653			0			0			0
Issuance of common stock pursuant to employee stock purchase plan, Shares				0			20,152
Issuance of common stock for settlement of deferred stock units	0			$ 0			$ 0			0			0			0			0
Issuance of common stock for settlement of deferred stock units, Shares				0			60,373
Issuance of common stock for vesting of restricted stock units	0			$ 0			$ 0			0			0			0			0
Issuance of common stock for vesting of restricted stock units, Shares				0			260,525
Issuance of common stock for unvested restricted stock awards	0			$ 0			$ 0			0			0			0			0
Issuance of common stock for unvested restricted stock awards, Shares				0			13,323
Issuance of common stock for stock settled deferred consideration	1,000			$ 0			$ 0			1,000			0			0			0
Issuance of common stock for stock settled deferred consideration, Shares				0			27,481
Shares withheld related to net share settlement of stock-based awards	(3,352)			$ 0			$ 0			(3,352)			0			0			0
Shares withheld related to net share settlement of stock-based awards, shares				0			(91,457)
Ending Balance at Dec. 31, 2021	$ 696,304			$ 0			$ 4			$ 121,844			$ 0			$ 573,546			$ 910
Ending Balance, Shares at Dec. 31, 2021				0			39,692,373

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Cash flows from operating activities
Net income	$ 142,470	$ 42,838	$ 76,930
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	11,721	10,899	8,017
Noncash lease expense	23,729	22,825	21,207
Credit loss expense	166	188	114
Stock-based compensation	10,361	9,905	9,278
Deferred taxes, net	(11,845)	473	226
Unrealized foreign exchange losses (gains)	3,824	(299)	0
Net realized gains on marketable debt securities, available-for-sale	(219)	(192)	(87)
Other non-cash items	641	895	(176)
Changes in operating assets and liabilities:
Commissions receivable	(10,832)	(3,290)	(55)
Prepaid expenses	(3,066)	774	(2,740)
Advances and loans	(12,382)	(39,773)	(38,655)
Other assets	(3,046)	(2,743)	(6,521)
Accounts payable and other liabilities	10,175	1,251	(486)
Income tax receivable/payable	14,128	8,724	(9,485)
Accrued bonuses and other employee related expenses	29,073	(2,095)	(5,889)
Deferred compensation and commissions	75,047	6,421	(8,975)
Operating lease liabilities	(21,276)	(18,461)	(17,102)
Other liabilities	(2,766)	(252)	(314)
Net cash provided by operating activities	255,903	38,088	25,287
Cash flows from investing activities
Acquisition of businesses, net of cash received	229	(16,298)	(6,083)
Purchases of marketable debt securities, available-for-sale	(378,106)	(215,606)	(168,083)
Proceeds from sales and maturities of marketable debt securities, available-for-sale	285,628	221,677	179,693
Purchases of securities, held-to-maturity	(9,500)	0	0
Issuances of employee notes receivable	(40)	(243)	(200)
Payments received on employee notes receivable	290	187	42
Purchase of property and equipment	(6,857)	(6,945)	(8,812)
Proceeds from sale of property and equipment	0	0	21
Net cash used in investing activities	(108,356)	(17,228)	(3,422)
Cash flows from financing activities
Taxes paid related to net share settlement of stock-based awards	(3,352)	(2,023)	(2,735)
Proceeds from issuance of shares pursuant to employee stock purchase plan	653	642	657
Principal payments on notes payable to former stockholders	0	(6,564)	(1,087)
Principal payments on stock appreciation rights liability	(1,481)	(1,251)	(185)
Payments of contingent and deferred consideration	(1,739)	(1,134)	(528)
Net cash used in financing activities	(5,919)	(10,330)	(3,878)
Effect of currency exchange rate changes on cash and cash equivalents	(2,640)	(48)	0
Net increase in cash and cash equivalents	138,988	10,482	17,987
Cash and cash equivalents at beginning of year	243,152	232,670	214,683
Cash and cash equivalents at end of year	382,140	243,152	232,670
Supplemental disclosures of cash flow information
Interest paid during the period	749	1,223	2,107
Income taxes paid, net	$ 48,563	$ 7,329	$ 39,841

Description of Business and Bas

Description of Business and Basis of Presentation	12 Months Ended
Description of Business and Basis of Presentation	Dec. 31, 2021
Accounting Policies [Abstract]
Description of Business and Basis of Presentation	1. Description of Business and Basis of Presentation Description of Business Marcus & Millichap, Inc., (the “Company”, “Marcus & Millichap”, or “MMI”), a Delaware corporation, is a brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services. As of December 31, 2021, MMI operates 82 offices in the United States and Canada through its wholly-owned subsidiaries, including the operations of Marcus & Millichap Capital Corporation. Reorganization and Initial Public Offering MMI was formed in June 2013 in preparation for Marcus & Millichap Company (“MMC”) to spin-off November 2013. Basis of Presentation The Company’s consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”). The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation. Considerations Related to the COVID-19 The Company may continue to experience operational and financial impacts due to the ongoing COVID-19 COVID-19

Accounting Policies and Recent

Accounting Policies and Recent Accounting Pronouncements	12 Months Ended
Accounting Policies and Recent Accounting Pronouncements	Dec. 31, 2021
Accounting Policies [Abstract]
Accounting Policies and Recent Accounting Pronouncements	2. Accounting Policies and Recent Accounting Pronouncements Accounting Policies Cash and Cash Equivalents The Company considers cash equivalents to include short-term, highly liquid investments with maturities of three months or less when purchased. Portions of the balance of cash and cash equivalents were held in financial institutions, various money market funds with fixed and floating net asset values and short-term commercial paper. Money market funds have floating net asset values and may be subject to gating or liquidity fees. The Company assesses short-term commercial paper for impairment in connection with investments in marketable debt securities, available-for-sale. Revenue Recognition The Company generates real estate brokerage commissions by acting as a broker for real estate owners or investors seeking to buy or sell commercial properties. The Company generates financing fees from securing financing on purchase transactions, from refinancing its clients’ existing mortgage debt and other ancillary fees associated with financing activities, including, but not limited to, mortgage servicing, debt and equity advisory services, loan sales and other consulting and due diligence services. The Company recognizes mortgage servicing revenues upon the acquisition of a servicing contract. The Company records servicing fees when earned provided the loans are current and the debt service payments are made by the borrowers. Other revenues include fees generated from consulting and advisory services, as well as referral fees from other real estate brokers. The Company’s contracts contain one performance obligation related to its real estate brokerage, financing and consulting and advisory services offered to buyers and sellers of commercial real estate, and provide that it is operating as a principal in all its revenue generating activities. The Company does not have multiple-element arrangements, variable consideration, financing components, significant noncash consideration, licenses, long-term contracts with customers or other items affecting the transaction price. Accordingly, the Company determined that the transaction price is fixed and determinable and collectability is reasonably assured. The Company recognizes revenue in principally all cases at the close of escrow for real estate brokerage, at the close of loan for financing, when services are provided, or upon closing of the transaction for other revenues. Capitalization of Internal Software Certain costs related to the development or purchase of internal-use Commissions Receivable, Net Commissions receivable, net consists of commissions earned on brokerage and financing transactions for which payment has not yet been received. The Company evaluates the need for an allowance for credit losses based on consideration of historical experience, current conditions and forecasts of future economic conditions. The majority of commissions receivable are settled within 10 days after the close of escrow. Advances and Loans, Net Advances and loans, net includes amounts advanced and loans due from the Company’s investment sales and financing professionals. In order to attract and retain highly skilled professionals, from time to time, the Company advances funds to its investment sales and financing professionals. The advances are typically in the form of forgivable loans that have terms that are generally between five The principal amount of a forgivable loan and accrued interest are forgiven over the term of the loan, so long as the investment sales and financing professionals continue to be a service provider with the Company, and/or upon achieving contractual performance criteria. Amounts forgiven are charged to selling, general and administrative expense over the period forgiven. If the investment sales and financing professional’s relationship with the Company is terminated before the amount advanced is forgiven, the unforgiven amount becomes due and payable. The Company evaluates the need for an allowance for credit losses based on amounts advanced, expected forgiveness, consideration of historical experience, current conditions and forecasts of future economic conditions. Estimated credit losses, net of any reversals, are charged to credit loss expense included in selling, general and administrative expense. Amounts are generally written off when amounts are determined to be no longer collectable. Accrued interest, when applicable, has historically been immaterial. The Company, from time to time, enters into various agreements with certain of its investment sales and financing professionals whereby these individuals receive loans. The notes receivable, along with stated interest, are typically collected from future commissions or repaid based on the terms stipulated in the respective agreements that are generally between one Cost of Services Cost of services principally consists of variable commissions, compensation-related costs related to the Company’s financing activities, and other costs for the Company’s investment sales and financing professionals related to transactions closed in the period. Commissions are accrued based on revenue from transactions generated by the Company’s investment sales and financing professionals. Investment sales and financing professionals are compensated at commission rates based on individual agreements, and a portion of the commissions due upon the closing of a transaction may be deferred in accordance with their contracts. Some of our most senior investment sales and financing professionals also have the ability to earn additional commissions after meeting certain annual financial thresholds. These additional commissions are recognized as cost of services in the period in which they are earned. Payment of a portion of these additional commissions are generally deferred for a period of one non-current) Investments in Marketable Debt Securities, Available-for-Sale The Company maintains a portfolio of investments in a variety of fixed and variable rate debt securities, including U.S. treasuries, U.S. government sponsored entities, corporate debt, asset-backed securities (“ABS”) and other. The Company considers its investments in marketable debt securities to be available-for-sale, Available-for-Sale” The Company reviews quarterly its investment portfolio of all securities in an unrealized loss position to determine if an impairment charge or credit reserve is required. The Company excludes accrued interest from both the fair value and the amortized cost basis of marketable debt securities, available-for-sale, security or an allowance for credit losses and credit loss expense (included in selling, general and administrative expense), limited by the amount that the fair value is less than the amortized cost basis. Impairment that has not been recorded as a credit loss is recorded through other comprehensive income (loss), net of applicable taxes. The Company made an accounting policy election to not measure an allowance for credit losses for accrued interest receivables. The Company evaluates write-off Determining whether a credit loss exists requires a high degree of judgment and the Company considers both qualitative and quantitative factors in making its determination. The Company evaluates its intent to sell, or whether the Company will more likely than not be required to sell, the security before recovery of its amortized cost basis. For all securities in an unrealized loss position, the Company evaluates, among other items, the extent and length of time the fair market value of a security is less than its amortized cost, time to maturity, duration, seniority, the financial condition of the issuer including credit ratings, any changes thereto and relative default rates, leverage ratios, availability of liquidity to make principle and interest payments, performance indicators of the underlying assets, analyst reports and recommendations, and changes in base and market interest rates. If the qualitative and quantitative analysis is sufficient to conclude that an impairment related to credit losses does not exist, the Company typically does not perform further quantitative analysis to estimate the present value of cash flows expected to be collected from the debt security. Estimates of expected future cash flows are the Company’s best estimate based on past events, current conditions and reasonable and supportable economic forecasts. Assets Held in Rabbi Trust The Company maintains a non-qualified Fair Value Measurements U.S. GAAP defines the fair value of a financial instrument as the amount that would be received from the sale of an asset in an orderly transaction between market participants at the measurement date. The Company is responsible for the determination of fair value and the supporting methodologies and assumptions. The Company uses various pricing sources and third parties to provide and validate the values utilized. The degree of judgment used in measuring the fair value of financial instruments is generally inversely correlated with the level of observable valuation inputs. Financial instruments with quoted prices in active markets generally have more pricing observability and less judgment is used in measuring fair value. Financial instruments for which no quoted prices are available have less observability and are measured at fair value using valuation models or other pricing techniques that require more judgment. Assets recorded at fair value are measured and classified in accordance with a fair value hierarchy consisting of the three “levels” based on the observability of inputs available in the marketplace used to measure the fair values as discussed below: • Level 1: • Level 2: • Level 3: Recurring Fair Value Measurements The Company values its investments including commercial paper and floating NAV money market funds recorded in cash and cash equivalents, investments in marketable debt securities, available-for-sale, Fair values for investments included in cash and cash equivalents and marketable debt securities, available-for-sale, Fair values for assets held in the rabbi trust and related deferred compensation liability were determined based on the cash surrender value of the company owned variable life insurance policies and underlying investments in the trust, and are Level 2 and Level 1 measurements, respectively. Contingent consideration in connection with acquisitions, is carried at fair value and determined on a contract-by-contract Nonrecurring Fair Value Measurements In accordance with U.S. GAAP, from time to time, the Company measures certain assets at fair value on a nonrecurring basis. The Company reviews the carrying value of mortgage servicing rights (“MSRs”), intangibles, goodwill and other assets for indications of impairment at least annually. When indications of potential impairment are identified, the Company may be required to determine the fair value of those assets and record an adjustment for the carrying amount in excess of the fair value determined. Any fair value determination would be based on valuation approaches, which are appropriate under the circumstances and utilize Level 2 and Level 3 measurements as required. Assets and Liabilities not Measured at Fair Value The Company’s commissions receivable, amounts due from employees and investment sales and financing professionals (included in the other assets, net current and other assets non-current non-current The Company’s obligations under stock appreciation rights (“SARs”) liability (included in the deferred compensation and commissions current and deferred compensation and commissions non-current Property and Equipment, Net Property and equipment are stated at cost less accumulated depreciation and amortization. The Company uses the straight-line method for depreciation and amortization. Depreciation and amortization are generally provided over estimated useful lives ranging from three The Company evaluates its fixed assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Other Assets Other assets consist primarily of securities, held-to-maturity, MSRs are recorded at fair value upon acquisition of a servicing contract. The Company has elected the amortization method for the subsequent measurement of MSRs. MSRs are carried at the lower of amortized cost or fair value. All MSRs are amortized using the interest method over the period that servicing income is expected to be received. MSRs are included in other assets non-current The Company measures MSRs at fair value on a nonrecurring basis. MSRs are a Level 3 measurement. The Company’s MSRs do not trade in an active, open market with readily observable prices. The estimated fair value of the Company’s MSRs were developed using a discounted cash flow model that calculates the present value of estimated future net servicing income. The model considers contractual provisions and assumptions of market participants including specified servicing fees, prepayment assumptions, delinquency rates, late charges, other ancillary revenue, costs to service and other economic factors. The Company periodically reassesses and adjusts, when necessary, the underlying inputs and assumptions used in the model to reflect observable market conditions and assumptions that a market participant would consider in valuing an MSR asset. In connection with MSR activities, the Company holds funds in escrow for the benefit of the lenders. These funds and the offsetting obligations are not presented in the Company’s consolidated financial statements as they do not represent assets and liabilities of the Company. Leases The Company utilizes operating leases for all its facilities and autos. The Company determines if an arrangement is a lease at inception. Right-of-use non-current, non-current Operating lease ROU assets and liabilities are recognized on the commencement date based on the present value of lease payments over the lease term. Lease agreements may contain periods of free rent or reduced rent, predetermined fixed increases in the minimum rent and renewal or termination options, all of which add complexity and impact the determination of the lease term and lease payments to be used in calculating the lease liability. Certain facility leases provide for rental escalations related to increases in the lessors’ direct operating expenses. The Company uses the implicit rate in the lease when determinable. As most of the Company’s leases do not have a determinable implicit rate, determining the rate to be used in its calculations is judgmental. The Company uses an estimated incremental borrowing rate based on borrowing options under its credit agreement and applies a spread over treasury rates for the indicated term of the lease based on the information available on the commencement date of the lease. The Company typically leases general purpose built-out The Company has lease agreements with lease and non-lease Litigation The Company is subject to various legal proceedings and claims that arise in the ordinary course of business, some of which involve claims for damages that are substantial in amount. Most of these litigation matters are covered by insurance, which contain deductibles, exclusions, claim limits and aggregate policy limits. While the ultimate liability for these legal proceedings cannot be determined, the Company uses judgment in the evaluation of claims and the need for accrual for loss contingencies quarterly. The Company records an accrual for litigation related losses where the likelihood of loss is both probable and estimable. The Company accrues legal fees for litigation as the legal services are provided. Advertising Costs Advertising costs are expensed as incurred. Advertising costs are included in selling, general and administrative expense in the accompanying consolidated statements of net and comprehensive income. Advertising costs for the years ended December 31, 2021, 2020 and 2019 were $830,000, $586,000 and $889,000 respectively. Income Taxes The Company accounts for income taxes under the asset and liability method. The Company recognizes deferred tax assets and liabilities for the future tax consequences attributable to (i) differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis, and (ii) operating losses and tax credit carryforwards. The Company measures existing deferred tax assets and liabilities using enacted tax rates expected to apply to taxable income in the years in which the Company expects to have temporary differences realized or settled. The Company recognizes in the provision for income taxes, the effect on deferred tax assets and liabilities of a change in tax rates in the period that includes the enactment date. The Company periodically evaluates deferred tax assets to assess whether it is likely that the deferred tax assets will be realized. In determining whether a valuation allowance is required, the Company considers the timing of deferred tax reversals, current year taxable income and historical performance. Valuation allowances are provided against deferred tax assets when it is more-likely-than-not Because of the nature of the Company’s business, which includes activity in the U.S. and Canada, incorporating numerous states and provinces as well as local jurisdictions, the Company’s tax position can be complex. As such, the Company’s effective tax rate is subject to changes as a result of fluctuations in the mix of its activity in the various jurisdictions in which the Company operates including changes in tax rates, state apportionment, tax related interest and penalties, valuation allowances and other permanent items. Calculating some of the amounts involves a high degree of judgment. The Company evaluates its tax positions quarterly. The threshold for recognizing the benefits of tax return positions in the financial statements is “more likely than not” to be sustained by the taxing authority and requires measurement of a tax position meeting the more-likely-than-not % likely to be realized. The Company assesses its inventory of tax positions with respect to all applicable income tax issues for all open tax years (in each respective jurisdiction) and determines whether uncertain tax positions are required to be recognized in the Company’s consolidated financial statements. The Company recognizes interest and penalties incurred as income tax expense. Stock-Based Compensation The Company follows the accounting guidance for share-based payments, which requires the measurement and recognition of compensation expense for all stock-based awards made to employees, independent contractors and non-employee For awards made to the Company’s employees, directors and independent contractors, the Company initially values restricted stock units (“RSUs”) and restricted stock awards (“RSAs”) based on the grant date closing price of the Company’s common stock. For awards with periodic vesting, the Company recognizes the related expense on a straight-line basis over the requisite service period for the entire award, subject to periodic adjustments to ensure that the cumulative amount of expense recognized through the end of any reporting period is at least equal to the portion of the grant date value of the award that has vested through that date. The Company accounts for forfeitures prospectively as they occur. If there are any modifications or cancellations of the underlying unvested share-based awards, the Company may be required to accelerate, increase or cancel any remaining unrecognized or previously recorded stock-based compensation expense. For shares issued under the ESPP, the Company determined that the plan was a compensatory plan and is required to expense the fair value of the awards over each six previously paid dividends. Earnings per Share Basic weighted average shares outstanding includes vested, but un-issued, Foreign Currency Translation The Company prepares the financial statements of its Canadian subsidiary using the local currency as the functional currency. The assets and liabilities of the Company’s Canadian subsidiary are translated into U.S. dollars at the rates of exchange at the balance sheet date with the resulting translation adjustments included as a separate component of stockholder’s equity through other comprehensive income (loss) in the consolidated statements of net and comprehensive income. Income and expenses are translated at the average monthly rates of exchange. The Company includes realized gains and losses from foreign currency transactions in other income (expense), net in the consolidated statements of net and comprehensive income. The effect of foreign currency translation on cash and cash equivalents is reflected in cash flows from operating activities on the consolidated statements of cash flows, and is not material for any period presented. Taxes Collected from Clients and Remitted to Governmental Authorities The Company accounts for tax assessed by any governmental authority that is based on revenue or transaction value (e.g. sales, use and value added taxes) on a net basis, and, accordingly, such amounts are not included in revenue. Collected amounts are recorded as a current liability until paid. Use of Estimates The preparation of 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 consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Concentrations of Credit Risk 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, available-for-sale, non-current) available-for-sale 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. 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 years ended December 31, 2021, 2020 and 2019, 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. During the year ended December 31, 2021, the Company’s Canadian operations represented approximately 2% of total revenues. During the years ended December 31, 2020 and 2019, the Company’s Canadian operations represented less than 2% and 1% of total revenues, respectively. During each of the years ended December 31, 2021, 2020 and 2019, no office represented 10% or more of total revenues. Business Combinations The Company accounts for business combinations using the acquisition method of accounting, under which the consideration for the acquisition, including the fair value of any contingent and deferred consideration, is allocated to the assets acquired and liabilities assumed. The Company recognizes identifiable assets acquired and liabilities assumed at their acquisition date fair values as determined by management as of the acquisition date. The excess of the consideration over the assets acquired net of liabilities assumed is recognized as goodwill. During the measurement period, which is not to exceed one year from the acquisition date, the Company may record adjustments to the assets acquired and liabilities assumed, with the corresponding offset to goodwill. Upon the conclusion of the measurement period, any subsequent adjustments are recorded as expense in the consolidated statements of net and comprehensive income. In connection with certain acquisitions, the Company enters into agreements to pay additional cash amounts based on the achievement of certain performance measures and/or service and time requirements. Contingent and deferred consideration in connection with the acquisition of a business is measured at fair value on the acquisition date and remeasured at fair value each reporting period thereafter until the consideration is settled in cash or stock, with changes in fair value recorded in selling, general and administrative expense in the consolidated statements of net and comprehensive income. Acquisition-related costs, such as due diligence, legal and accounting fees, are expensed as incurred and not considered in determining the fair value of the acquired assets. Acquisition-related costs are reflected in selling, general and administrative expense in the consolidated statements of net and comprehensive income. Goodwill and Other Intangible Assets The Company evaluates goodwill for impairment annually in the fourth quarter. In addition to the annual impairment evaluation, the Company evaluates at least quarterly whether events or circumstances have occurred in the period subsequent to the annual impairment testing which indicate that it is more likely than not an impairment loss has occurred. The initial impairment evaluation of goodwill is a qualitative assessment and is performed to assess whether the fair value of a reporting unit (“RU”) is less than its carrying amount. The Company completes a quantitative impairment test if evidence from the qualitative assessment indicates that it is more likely than not that the fair value of the RU is less than its carrying amount. If the Company determines the quantitative impairment test is required, the estimated fair value of the RU is determined and compared to its carrying amount, including goodwill. If the carrying amount exceeds the estimated fair value, an impairment loss is recognized equal to that excess. The loss recognized cannot exceed the carrying amount of goodwill. The Company currently has only one RU, therefore, all goodwill is allocated to that RU. The Company evaluates its finite-lived intangible assets for impairment at least annually, or as events or changes in circumstances indicate the carrying value may not be recoverable. The Company records an impairment loss if impairment triggers exist and the fair value of the asset is less than the asset’s carrying amount. The Company measures recoverability by comparing the carrying amount to the future undiscounted cash flows that the intangible assets are expected to generate. If the carrying value of the intangible assets are not recoverable, the impairment recognized is measured as the amount by which the carrying value exceeds its fair value. The Company’s intangible assets primarily include non-compete one Segment Reporting The Company follows U.S. GAAP for segment reporting, which requires reporting information on operating segments in interim and annual financial statements. Substantially all of the Company’s operations involve the delivery of commercial real estate services to its customers including real estate investment sales, financing and consulting and advisory services. Management makes operating decisions, assesses performance and allocates resources based on an ongoing review of these integrated operations, which constitute the Company’s only operating segment for financial reporting purposes. Recent Accounting Pronouncements Pending Adoption In March 2020, the FASB issued Accounting Standards Update (“ASU”) No. 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting 2020-04”). 2020-04 2020-04 2020-04 consolidated financial statements.

Property and Equipment, Net

Property and Equipment, Net	12 Months Ended
Property and Equipment, Net	Dec. 31, 2021
Property, Plant and Equipment [Abstract]
Property and Equipment, Net	3. Property and Equipment, Net Property and equipment, net consisted of the following (in thousands): December 31, 2021 2020 Computer software and hardware equipment $ 33,819 $ 30,955 Furniture, fixtures and equipment 24,511 23,418 Less: accumulated depreciation and amortization (35,138 ) (30,937 ) $ 23,192 $ 23,436 During the years ended December 31, 2021 and 2020, the Company wrote-off As of December 31, 2021 and 2020, property and equipment additions incurred but not yet paid included in accounts payable and other liabilities were $406,000 and $154,000, respectively.

Operating Leases

Operating Leases	12 Months Ended
Operating Leases	Dec. 31, 2021
Leases [Abstract]
Operating Leases	4. Operating Leases The Company has operating leases for all of its facilities and autos. The operating lease cost, included in selling, general and administrative expense in the consolidated statement of net and comprehensive income, consisted of the following (in thousands): Years Ended 2021 2020 Operating lease cost: Lease cost $ 26,209 $ 25,508 Variable lease cost ( 1 5,371 5,438 Sublease income (492 ) (246 ) $ 31,088 $ 30,700 ( 1 Primarily relates to common area maintenance, property taxes, insurance, utilities and parking. Maturities of lease liabilities by year consisted of the following (in thousands): December 31, 2022 $ 20,901 2023 17,728 2024 15,224 2025 12,814 2026 9,335 Thereafter 6,738 Total future minimum lease payments 82,740 Less imputed interest (5,433 ) Present value of operating lease liabilities $ 77,307 Supplemental cash flow information and noncash activity related to the operating leases consisted of the following (in thousands): Years Ended 2021 2020 Operating cash flow information: Cash paid for amounts included in the measurement of operating lease $ 23,662 $ 21,131 Noncash activity: ROU assets obtained in exchange for operating lease liabilities $ 19,981 $ 16,293 Tenant improvements owned by lessor related to ROU assets (1) $ 1,266 $ 971 (1) Reclassification from other assets current. Other information related to the operating leases consisted of the following: December 31, 2021 2020 Weighted average remaining operating lease term 4.57 years 4.70 years Weighted average discount rate 2.9 % 3.1 %

Investments in Marketable Debt

Investments in Marketable Debt Securities, Available-for-Sale	12 Months Ended
	Dec. 31, 2021
Investments, Debt and Equity Securities [Abstract]
Investments in Marketable Debt Securities, Available-for-Sale	5. Investments in Marketable Debt Securities, Available-for-Sale Amortized cost, allowance for credit losses, gross unrealized gains/losses in accumulated other comprehensive income/loss and fair value of marketable debt securities, available-for-sale, December 31, 2021 Amortized Allowance Gross Gross Fair Value Short-term investments: U.S. treasuries $ 35,767 $ $ — $ ) $ 35,733 Corporate debt 148,148 — 22 (35 ) 148,135 $ 183,915 $ — $ 22 $ (69 ) $ 183,868 Long-term investments: U.S. treasuries $ 70,902 $ — $ 128 $ (263 ) $ 70,767 U.S. government sponsored entities 726 — 22 (3 ) 745 Corporate debt 33,197 — 962 (146 ) 34,013 ABS and other 7,033 — 82 (30 ) 7,085 $ 111,858 $ — $ 1,194 $ (442 ) $ 112,610 December 31, 2020 Amortized Allowance Gross Gross Fair Value Short-term investments: U.S. treasuries $ 75,887 $ $ 88 $ (5 ) $ 75,970 U.S. government sponsored entities 32,439 — 8 — 32,447 Corporate debt 49,822 — 20 (1 ) 49,841 $ 158,148 $ — $ 116 $ (6 ) $ 158,258 Long-term investments: U.S. treasuries $ 3,375 $ — $ 266 $ — $ 3,641 U.S. government sponsored entities 1,114 — 38 — 1,152 Corporate debt 34,183 — 2,137 (33 ) 36,287 ABS and other 6,509 — 195 (11 ) 6,693 $ 45,181 $ — $ 2,636 $ (44 ) $ 47,773 The Company’s investments in marketable debt securities, available-for-sale, December 31, 2021 Less than 12 months 12 months or greater Total Fair Value Gross Fair Value Gross Fair Value Gross U.S. treasuries $ 103,019 $ (297 ) $ — $ — $ 103,019 $ (297 ) U.S. government sponsored entities 115 (3 ) — — 115 (3 ) Corporate debt 115,908 (173 ) 146 (8 ) 116,054 (181 ) ABS and other 2,915 (30 ) — — 2,915 (30 ) $ 221,957 $ (503 ) $ 146 $ (8 ) $ 222,103 $ (511 ) December 31, 2020 Less than 12 months 12 months or greater Total Fair Value Gross Fair Value Gross Fair Value Gross U.S. treasuries $ 41,702 $ (5 ) $ — $ — $ 41,702 $ (5 ) Corporate debt 29,810 (34 ) — — 29,810 (34 ) ABS and other 546 (6 ) 157 (5 ) 703 (11 ) $ 72,058 $ (45 ) $ 157 $ (5 ) $ 72,215 $ (50 ) Gross realized gains and losses from the sales of the Company’s marketable debt securities, available-for-sale, Years Ended December 31, 2021 2020 2019 Gross realized gains (1) $ 221 $ 241 $ 134 Gross realized losses (1) $ (2 ) $ (49 ) $ (47 ) (1) Recorded in other income (expense), net in the consolidated statements of net and comprehensive income. The cost basis of securities sold were determined based on the specific identification method. The Company invests its excess cash in a diversified portfolio of fixed and variable rate debt securities to meet current and future cash flow needs. All investments are made in accordance with the Company’s approved investment policy. As of December 31, 2021, the portfolio had an average credit rating of AA and weighted term to contractual maturity of 1.5 years, with 98 securities in the portfolio with an unrealized loss aggregating $511,000, or 0.2% of amortized cost, and a weighted average credit rating of AA+. As of December 31, 2021, the Company performed an impairment analysis and determined an allowance for credit losses was not required. The Company determined that it did not have an intent to sell and it was not more likely than not that the Company would be required to sell any security based on its current liquidity position, or to maintain compliance with its investment policy, specifically as it relates to minimum credit ratings. The Company evaluated the securities with an unrealized loss considering severity of loss, credit ratings, specific credit events during the period since acquisition, overall likelihood of default, market sector, potential impact from the current economic environment and a review of an issuer’s and securities’ liquidity and financial strength, as needed. The Company concluded that it would receive all scheduled interest and principal payments. The Company, therefore, determined qualitatively that the unrealized loss was related to changes in interest rates and other market factors and therefore no allowance for credit losses was required. Amortized cost and fair value of marketable debt securities, available-for-sale, December 31, 2021 December 31, 2020 Amortized Fair Value Amortized Fair Value Due in one year or less $ 183,915 $ 183,868 $ 158,148 $ 158,258 Due after one year through five years 96,035 96,257 30,604 32,041 Due after five years through ten years 11,129 11,601 10,022 11,044 Due after ten years 4,694 4,752 4,555 4,688 $ 295,773 $ 296,478 $ 203,329 $ 206,031 Weighted average contractual maturity 1.5 year 1.6 years Actual maturities may differ from contractual maturities because certain issuers have the right to prepay certain obligations with or without prepayment penalties.

Acquisitions, Goodwill and Othe

Acquisitions, Goodwill and Other Intangible Assets	12 Months Ended
Acquisitions, Goodwill and Other Intangible Assets	Dec. 31, 2021
Business Combinations [Abstract]
Acquisitions, Goodwill and Other Intangible Assets	6. Acquisitions, Goodwill and Other Intangible Assets During the year ended December 31, 2021, the Company recorded measurement period adjustments, including additional cash expected to be received in excess of the provisional amounts that were recognized at the acquisition date for the businesses acquired during 2020. Measurement period adjustments reflect new information obtained about facts and circumstances that existed as of the acquisition dates that, if known, would have affected the measurement of the amounts recognized as of the acquisition date. The impact to amortization expense not previously recognized related to these changes in estimates was not material. The goodwill recorded as part of the acquisitions primarily arose from the acquired assembled workforce and brokerage and financing sales platforms. The Company expects all of the goodwill to be tax deductible, with the tax-deductible RU Goodwill and intangible assets, net consisted of the following (in thousands): December 31, 2021 December 31, 2020 Gross Accumulated Net Book Gross Accumulated Net Book Goodwill and intangible assets: Goodwill $ 34,071 $ — $ 34,071 $ 33,375 $ — $ 33,375 Intangible assets (1)(2) 23,974 (9,940 ) 14,034 24,745 (6,067 ) 18,678 $ 58,045 $ (9,940 ) $ 48,105 $ 58,120 $ (6,067 ) $ 52,053 (1) Total weighted average amortization period was 5.53 years and 5.57 years as of December 31, 2021 and 2020, respectively. (2) Amortization expense for the intangible assets was $3.8 million and $4.3 million for the years ended December 31, 2021 and 2020, respectively. The changes in the carrying amount of goodwill consisted of the following (in thousands): Years Ended 2021 2020 Beginning balance $ 33,375 $ 15,072 Additions from acquisitions (1) 696 18,303 Impairment losses — — Ending balance $ 34,071 $ 33,375 (1) The 2021 addition represents a measurement period adjustment. Estimated amortization expense for intangible assets by year for the next five years and thereafter consisted of the following (in thousands): Year Ended 2022 $ 3,474 2023 3,407 2024 2,891 2025 2,671 2026 946 Thereafter 645 $ 14,034 The Company evaluates goodwill for impairment annually in the fourth quarter. In addition to the annual impairment evaluation, the Company evaluates at least quarterly whether events or circumstances have occurred in the period subsequent to the annual impairment testing which indicate that it is more likely than not an impairment loss has occurred. The Company evaluates its intangible assets that have finite useful lives whenever an event or change in circumstances indicates that the carrying value of the asset may not be recoverable. As a result of its evaluations, the Company did not identify any situations where the recording of an impairment was required.

Selected Balance Sheet Data

Selected Balance Sheet Data	12 Months Ended
Selected Balance Sheet Data	Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Selected Balance Sheet Data	7. Selected Balance Sheet Data Advances and Loans, Net and Commissions Receivable, Net Allowance for credit losses for advances and loans and commissions receivable consisted of the following (in thousands): Advances and Commissions Total Beginning balance as of January 1, 2021 $ 563 $ 94 $ 657 Credit loss expense (recovery) 255 (89 ) 166 Write-offs (29 ) — (29 ) Ending balance as of December 31, 2021 $ 789 $ 5 $ 794 Advances and Commissions Total Beginning balance as of January 1, 2020 $ 512 $ 32 (1) $ 544 Credit loss expense 126 62 188 Write-offs (75 ) — (75 ) Ending balance as of December 31, 2020 $ 563 $ 94 $ 657 (1) Includes cumulative-effect adjustment related to the adoption of ASU No. 2016-13, Other Assets Other assets consisted of the following (in thousands): Current December 31, Non-Current December 31, 2021 2020 2021 2020 MSRs, net of amortization $ — $ — $ 1,855 $ 1,897 Security deposits — — 1,395 1,461 Employee notes receivable (1) 40 185 — 246 Securities, held-to-maturity (2) — — 9,500 — Customer trust accounts and other 5,230 4,526 396 572 $ 5,270 $ 4,711 $ 13,146 $ 4,176 (1) Reduction of accrued bonuses and other employee related expenses in settlement of employee notes receivable were $10 and $0 for the years ended December 31, 2021 and 2020, respectively. See Note 8 – “Related-Party Transactions” for additional information. (2) Securities, held-to-maturity, 1 MSRs The net change in the carrying value of MSRs consisted of the following (in thousands): December 31, 2021 2020 Beginning balance $ 1,897 $ 2,002 Additions 483 441 Amortization (525 ) (546 ) Ending balance $ 1,855 $ 1,897 The portfolio of loans serviced by the Company aggregated $1.7 billion and $1.6 billion for the periods ended December 31, 2021 and 2020, respectively. See Note 9 – “Fair Value Measurements” for additional information on MSRs. In connection with MSR activities, the Company holds funds in escrow for the benefit of the lenders. These funds, which totaled $4.1 million and $3.2 million as of December 31, 2021 and 2020, respectively, and the offsetting obligations are not presented in the Company’s consolidated financial statements as they do not represent assets and liabilities of the Company. Deferred Compensation and Commissions Deferred compensation and commissions consisted of the following (in thousands): Current December 31, Non-Current December 31, 2021 2020 2021 2020 SARs liability (1) $ 2,241 $ 2,162 $ 14,918 $ 16,671 Commissions payable to investment sales and financing professionals 110,769 54,082 31,697 15,306 Deferred compensation liability (1) 1,080 1,519 6,921 6,768 Other 595 343 — — $ 114,685 $ 58,106 $ 53,536 $ 38,745 (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. SARs Liability Prior to the IPO, certain employees of the Company were granted SARs under a stock-based compensation program assumed by MMC. In connection with the IPO, the SARs agreements were revised, the MMC liability of $20.0 million for the SARs was frozen as of March 31, 2013 and was transferred to MMI through a capital distribution. The SARs liability will be settled with each participant in ten annual installments in January of each year upon retirement or termination from service, or in full upon consummation of a change in control of the Company. Under the revised agreements, MMI is required to accrue interest on the outstanding balance beginning on January 1, 2014 at a rate based on the 10-year Estimated payouts within the next twelve months for participants that have separated from service have been classified as current. During the years ended December 31, 2021 and 2020, the Company made total payments of $2.2 million and $2.1 million, consisting of principal and accumulated interest, respectively. Commissions Payable Certain investment sales professionals have the ability to earn additional commissions after meeting certain annual revenue thresholds. These commissions are recognized as cost of services in the period in which they are earned as they relate to specific transactions closed. The Company has the ability to defer payment of certain commissions, at its election, for up to three years. Commissions payable that are not expected to be paid within twelve months are classified as long-term. Deferred Compensation Liability A select group of management is eligible to participate in the Marcus & Millichap Deferred Compensation Plan (the “Deferred Compensation Plan”). The Deferred Compensation Plan is a non-qualified compensation plan that is intended to comply with Section 409A of the Internal Revenue Code and permits participants to defer compensation up to the limits set forth in the Deferred Compensation Plan. Amounts are paid out generally when the participant is no longer a service provider; however, an in-service tw fifteen The assets held in the rabbi trust are carried at the cash surrender value of the variable life insurance policies, which represents its fair value. 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): Years Ended December 31, 2021 2020 2019 Increase in the carrying value of the assets held in the rabbi trust (1) $ 1,445 $ 1,042 $ 1,353 Increase in the net carrying value of the deferred compensation obligation (2) $ 1,104 $ 799 $ 1,293 (1) Recorded in other income (expense), net in the consolidated statements of net and comprehensive income. (2) Recorded in selling, general and administrative expense in the consolidated statements of net and comprehensive income. Other Liabilities Other liabilities consisted of the following (in thousands): Non-Current 2021 2020 Deferred consideration (1)(2) $ 4,689 $ 8,582 Contingent consideration (1)(2) 6,631 4,219 Other 74 1,015 $ 11,394 $ 13,816 (1) The current portions of deferred consideration in the amounts of $5,112 and $6,666 as of December 31, 2021 and 2020, respectively, are included in accounts payable and other liabilities in the consolidated balance sheets. The current portions of contingent consideration in the amounts of $2,681 and $1,353 as of December 31, 2021 and 2020, respectively, are included in accounts payable and other liabilities in the consolidated balance sheets. (2) Includes a measurement period adjustment and a reduction in deferred consideration settled in stock made during the year ended December 31, 2021, which represents a noncash investing activity. See Note 6 – “Acquisitions, Goodwill and Other Intangible Assets” for additional information.

Related-Party Transactions

Related-Party Transactions	12 Months Ended
Related-Party Transactions	Dec. 31, 2021
Related Party Transactions [Abstract]
Related-Party Transactions	8. Related-Party Transactions Shared and Transition Services Certain services are provided to the Company under a Transition Services Agreement (“TSA”) between MMC and the Company. The TSA is intended to provide certain services until the Company acquires these services separately. Under the TSA, the Company incurred net costs (charge-back) during the years ended December 31, 2021, 2020 and 2019 of $(12,000), $68,000 and $127,000, respectively. These amounts are included in selling, general and administrative expense in the accompanying consolidated statements of net and comprehensive income. Brokerage and Financing Services with the Subsidiaries of MMC MMC has wholly or majority owned subsidiaries that buy and sell commercial real estate properties. The Company performs certain brokerage and financing services related to transactions of the subsidiaries of MMC. For the years ended December 31, 2021, 2020 and 2019, the Company earned real estate brokerage commissions and financing fees of $2.4 million, $2.9 million and $5.2 million, respectively, from transactions with subsidiaries of MMC related to these services. The Company incurred cost of services of $1.4 million, $1.7 million and $3.0 million, respectively, related to these revenues. Operating Lease with MMC The Company has an operating lease with MMC for a single-story office building located in Palo Alto, California, which expires on May 31, 2022. The related operating lease cost was $1.3 million for each of the years ended December 31, 2021, 2020 and 2019, respectively. Operating lease cost is included in selling, general and administrative expense in the accompanying consolidated statements of net and comprehensive income. See Note 4 – “Operating Leases” for additional information. Accounts Payable and Other Liabilities with MMC As of December 31, 2021 and 2020, accounts payable and other liabilities with MMC aggregating $93,000 and $89,000, respectively, remain unpaid and are included in accounts payable and other liabilities in the accompanying consolidated balance sheets. Other The Company makes advances to non-executive time-to-time. non-current) As of December 31, 2021, George M. Marcus, the Company’s founder and Chairman, beneficially owned approximately 38% of the Company’s issued and outstanding common stock, including shares owned by Phoenix Investments Holdings, LLC and the Marcus Family Foundation II.

Fair Value Measurements

Fair Value Measurements	12 Months Ended
Fair Value Measurements	Dec. 31, 2021
Fair Value Disclosures [Abstract]
Fair Value Measurements	9. Fair Value Measurements Recurring Fair Value Measurements Assets and liabilities carried at fair value on a recurring basis consisted of the following (in thousands): December 31, 2021 December 31, 2020 Fair Value Level 1 Level 2 Level 3 Fair Value Level 1 Level 2 Level 3 Assets: Assets held in rabbi trust $ 11,508 $ — $ 11,508 $ — $ 10,295 $ — $ 10,295 $ — Cash equivalents (1) Commercial paper $ 8,948 $ — $ 8,948 $ — $ 9,399 $ — $ 9,399 $ — Money market funds 210,985 210,985 — — 158,271 158,271 — — $ 219,933 $ 210,985 $ 8,948 $ — $ 167,670 $ 158,271 $ 9,399 $ — Marketable debt securities, available-for-sale: Short-term investments: U.S. treasuries $ 35,733 $ 35,733 $ — $ — $ 75,970 $ 75,970 $ — $ — U.S. government sponsored entities — — — — 32,447 — 32,447 — Corporate debt 148,135 — 148,135 — 49,841 — 49,841 — $ 183,868 $ 35,733 $ 148,135 $ — $ 158,258 $ 75,970 $ 82,288 $ — Long-term investments: U.S. treasuries $ 70,767 $ 70,767 $ — $ — $ 3,641 $ 3,641 $ — $ — U.S. government sponsored entities 745 — 745 — 1,152 — 1,152 — Corporate debt 34,013 — 34,013 — 36,287 — 36,287 — ABS and other 7,085 — 7,085 — 6,693 — 6,693 — $ 112,610 $ 70,767 $ 41,843 $ — $ 47,773 $ 3,641 $ 44,132 $ — Liabilities: Contingent consideration $ 9,312 $ — $ — $ 9,312 $ 5,572 $ — $ — $ 5,572 Deferred consideration $ 9,801 $ — $ 9,801 $ — $ 15,248 $ — $ 15,248 $ — Deferred compensation liability $ 8,001 $ 8,001 $ — $ — $ 8,287 $ 8,287 $ — $ — (1) Included in cash and cash equivalents on the accompanying consolidated balance sheets. There were no transfers in or out of Level 3 during the year ended December 31, 2021. During the year ended December 31, 2021, the Company considered the probability of achieving EBITDA and other performance targets and current and future interest rates in its determination of fair value for the contingent consideration. The Company is uncertain as to the extent of the volatility in the unobservable inputs in the foreseeable future. Deferred consideration in connection with acquisitions is carried at fair value and calculated using a discounted cash flow estimate with the only remaining condition on such payments being the passage of time. As of December 31, 2021 and 2020, contingent and deferred consideration had a maximum undiscounted payment to be settled in cash or stock of $28.6 million and $33.2 million, respectively. Assuming the achievement of the applicable performance criteria and/or service and time requirements, the Company anticipates these payments will be made over the next one five A reconciliation of contingent consideration measured at fair value on a recurring basis consisted of the following (in thousands): December 31, 2021 2020 Beginning balance $ 5,572 $ 3,387 Contingent consideration in connection with acquisitions (1) (100 ) 2,918 Change in fair value of contingent consideration 4,659 101 Payments of contingent consideration (819 ) (834 ) Ending balance $ 9,312 $ 5,572 (1) Contingent consideration in connection with acquisitions represents a noncash investing activity. The amount recorded during the year Quantitative information about the valuation technique and significant unobservable inputs used in the valuation of the Company’s Level 3 financial liabilities measured at fair value on a recurring basis consisted of the following (dollars in thousands): Fair Value at December 31, 2021 Valuation Technique Unobservable inputs Range (Weighted Average) (1) Contingent consideration $ 9,312 Discounted cash flow Expected life of cash flows 1.4-5.8 years (3.4 years ) Discount rate 2.2%-3.5% (2.9% ) Probability of achievement 29.0%-100.0% (95.2% ) Fair Value at December 31, 2020 Valuation Technique Unobservable inputs Range (Weighted Average) (1) Contingent consideration $ 5,572 Discounted cash flow Expected life of cash flows 2.4-6.8 (4.4 years ) Discount rate 2.6%-4.3% (3.4% ) Probability of achievement 50.0%-100.0% (86.1% ) (1) Unobservable inputs were weighted by the relative fair value of the instruments. Nonrecurring Fair Value Measurements MSRs are initially recorded at fair value and subsequently carried at the lower of amortized cost or fair value. The Company periodically reassesses and adjusts, when necessary, the underlying inputs and assumptions used to reflect observable market conditions and assumptions that a market participant would consider in valuing an MSR asset. Management uses assumptions in the determination of fair value for MSRs after considering default, severity, prepayment and discount rates related to the specific types and underlying collateral of the various serviced loans, interest rates, refinance rates, and current government and private sector responses on the economic impact of the COVID-19 Quantitative information about the valuation technique and significant unobservable inputs used in the valuation of the Company’s Level 3 financial assets measured at fair value on a nonrecurring basis consisted of the following (dollars in thousands): Fair Value at December 31, 2021 Valuation Technique Unobservable inputs Range (Weighted Average) (1) MSRs $ 2,332 Discounted cash flow Constant prepayment rates 0.0%-20.0% (10.0 % ) Constant default rate 0.3%-4.9% (1.2 % ) Loss severity 26.2%-31.4% (28.0 % ) Discount rate 10.0%-10.0% (10.0 % ) Fair Value at December 31, 2020 Valuation Technique Unobservable inputs Range (Weighted Average) (1) MSRs $ 2,135 Discounted cash flow Constant prepayment rates 0.0%-20.0% (10.0 % ) Constant default rate 0.3%-4.1% (1.1 % ) Loss severity 26.2%-31.4% (28.0 % ) Discount rate 10.0%-10.0% (10.0 % ) (1) Weighted average is based on the 10% constant prepayment rate scenario which the Company uses as the reported fair value.

Stockholders' Equity

Stockholders' Equity	12 Months Ended
Stockholders' Equity	Dec. 31, 2021
Stockholders' Equity Note [Abstract]
Stockholders' Equity	10. Stockholders’ Equity Common Stock As of December 31, 2021 and 2020, there were 39,692,373 and 39,401,976 shares of common stock, $0.0001 par value, issued and outstanding, which include unvested RSAs issued to non-employee Preferred Stock The Company has 25,000,000 authorized shares of preferred stock with a par value $0.0001 per share. At December 31, 2021 and 2020, there were no preferred shares issued or outstanding. Accumulated Other Comprehensive Income/Loss Amounts reclassified from accumulated other comprehensive income/loss are included as a component of other income (expense), net or selling, general and administrative expense, as applicable, in the consolidated statements of net and comprehensive income. The reclassifications were determined on a specific identification basis. The Company has not provided for U.S. taxes on unremitted earnings of its foreign subsidiary as it is operating at a loss and has no earnings and profits to remit. As a result, deferred taxes were not provided related to the cumulative foreign currency translation adjustments.

Stock-Based Compensation Plans

Stock-Based Compensation Plans	12 Months Ended
Stock-Based Compensation Plans	Dec. 31, 2021
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation Plans	11. Stock-Based Compensation Plans 2013 Omnibus Equity Incentive Plan The Company’s board of directors adopted the 2013 Plan, which became effective upon the Company’s IPO. In February 2017, the board of directors amended and restated the 2013 Plan, which was approved by the Company’s stockholders in May 2017. Grants are made from time to time by the compensation committee of the Company’s board of directors at its discretion, subject to certain restrictions as to the number and value of shares that may be granted to any individual. In addition, non-employee Awards Granted and Settled Under the 2013 Plan, the Company has issued RSAs to non-employee one five During the year ended December 31, 2021, 260,525 shares of RSUs vested and 60,373 shares of deferred stock units (“DSUs”) were settled and 91,457 shares of common stock were withheld to pay applicable required employee statutory withholding taxes based on the market value of the shares on the vesting date. The shares withheld for taxes were returned to the share reserve and are available for future issuance in accordance with provisions of the 2013 Plan. Outstanding Awards Activity under the 2013 Plan consisted of the following (dollars in thousands, except weighted average per share data): RSA Grants to Non-employee RSU Grants to RSU Grants to Total Weighted- Nonvested shares at December 31, 2018 (1) 27,096 471,782 392,697 891,575 $ 27.59 Granted 12,806 260,274 82,050 355,130 $ 38.51 Vested (22,422 ) (186,311 ) (191,883 ) (400,616 ) $ 24.29 Transferred — (8,136 ) 8,136 — $ 29.68 Forfeited/canceled — (12,494 ) (33,520 ) (46,014 ) $ 30.65 Nonvested shares at December 31, 2019 (1) 17,480 525,115 257,480 800,075 $ 33.91 Granted 19,516 322,910 92,279 434,705 $ 32.80 Vested (20,268 ) (170,291 ) (93,944 ) (284,503 ) $ 32.74 Transferred — (18,294 ) 18,294 — $ 33.67 Forfeited/canceled — (21,790 ) (10,108 ) (31,898 ) $ 34.49 Nonvested shares at December 31, 2020 (1) 16,728 637,650 264,001 918,379 $ 33.73 Granted 13,323 277,462 90,430 381,215 $ 39.03 Vested (16,728 ) (172,327 ) (88,198 ) (277,253 ) $ 31.89 Transferred — (10,649 ) 10,649 — $ 34.98 Forfeited/canceled — (34,357 ) (7,048 ) (41,405 ) $ 33.47 Nonvested shares at December 31, 2021 (1) 13,323 697,779 269,834 980,936 $ 36.32 Unrecognized stock-based compensation expense as of December 31, 2021 (2) $ 177 $ 20,389 $ 8,079 $ 28,645 Weighted average remaining vesting period (years) as of December 31, 2021 0.34 3.42 3.36 3.38 (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 3.38 years. The aggregate fair value of RSUs and RSAs that vested were $10.2 million, $8.9 million and $14.6 million for the years ended December 31, 2021, 2020 and 2019, respectively. The fair value of fully vested DSUs that settled was $2.4 million for the year ended December 31, 2021 and $0.0 million for the each of years ended December 31, 2020 and 2019, respectively. See “SARs and DSUs” section below and Note 14 – “Earnings per Share” for additional information. On February 16, 2022, the Board of Directors declared a semi-annual regular dividend of $0.25 per share tock business on March 8, 2022. Dividend equivalents totaling $2.5 million will ; ESPP In 2013, the Company adopted the ESPP. The ESPP is intended to qualify under Section 423 of the Internal Revenue Code and provides for consecutive, non-overlapping 6-month The offering periods generally start on the first trading day on or after May 15 and 6-month The ESPP initially had 366,667 shares of common stock reserved, and 156,725 shares of common stock remain available for issuance as of December 31, 2021. The ESPP provides for annual increases in the number of shares available for issuance under the ESPP, equal to the least of (i) 366,667 shares, (ii) 1% of the outstanding shares on such date, or (iii) an amount determined by the compensation committee of the board of directors. Pursuant to the provisions of the ESPP, the board of directors has determined to not provide for any annual increases to date. At December 31, 2021, total unrecognized compensation cost related to the ESPP was $83,000 and is expected to be recognized over a weighted average period of 0.37 years. SARs and DSUs Prior to the IPO, certain employees were granted SARs. As of March 31, 2013, the outstanding SARs were frozen at the liability amount, and will be paid out to each participant in installments upon retirement or departure under the terms of the revised SARs agreements. To replace beneficial ownership in the SARs, the difference between the book value liability and the fair value of the awards was granted to plan participants in the form of DSUs, which were fully vested upon receipt and will be settled in actual stock at a rate of 20% per year if the participant remains employed by the Company during that period (otherwise all unsettled shares of stock upon termination from service will be settled five years from the termination date, unless otherwise agreed to by the Company). In the event of death or termination of service after reaching the age of 67, 100% of the DSUs will be settled. As of December 31, 2021, 281,193 shares of fully vested DSUs remained to be settled in 2022. Summary of Stock-Based Compensation Components of stock-based compensation are included in selling, general and administrative expense in the consolidated statements of net and comprehensive income and consisted of the following (in thousands): Years Ended December 31, 2021 2020 2019 ESPP $ 142 $ 168 $ 139 RSAs – non-employee 463 606 643 RSUs – employees (1) 6,642 6,003 5,419 RSUs – independent contractors 3,114 3,128 3,077 $ 10,361 $ 9,905 $ 9,278 (1) Years ended December 31, 2020 and 2019 include expenses related to the acceleration of vesting of certain RSUs.

Income Taxes

Income Taxes	12 Months Ended
Income Taxes	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Income Taxes	12. Income Taxes The components of income from continuing operations before provision for income taxes consisted of the following (in thousands): Years Ended December 31, 2021 2020 2019 United States $ 193,147 $ 62,206 $ 112,425 Foreign 156 (2,842 ) (4,913 ) $ 193,303 $ 59,364 $ 107,512 The provision for income taxes consisted of the following (in thousands): Years Ended December 31, 2021 2020 2019 Federal: Current $ 48,785 $ 12,437 $ 22,638 Deferred (9,600 ) 310 665 39,185 12,747 23,303 State: Current 13,903 3,616 7,718 Deferred (2,243 ) 163 (507 ) 11,660 3,779 7,211 Foreign: Current — — — Deferred (12 ) — 68 (12 ) — 68 $ 50,833 $ 16,526 $ 30,582 Significant components of the Company’s deferred tax assets, net consisted of the following (in thousands): December 31, 2021 2020 Deferred Tax Assets: Accrued expenses and bonuses $ 6,822 $ 3,078 Bad debt and other reserves 6,989 4,889 Deferred compensation 18,287 12,536 Operating lease ROU assets, net 20,937 21,125 Stock-based compensation 7,031 7,403 Net operating and capital loss carryforwards 3,769 3,932 State taxes 92 (163 ) Amortizable intangibles and other 1,577 1,070 Deferred tax assets before valuation allowance 65,504 53,870 Valuation allowance (4,599 ) (4,418 ) Deferred Tax Assets 60,905 49,452 Deferred Tax Liabilities: Fixed assets (6,552 ) (6,814 ) Operating lease liabilities (18,697 ) (19,357 ) Prepaid expenses (1,513 ) (533 ) Other comprehensive income (195 ) (800 ) Goodwill and other (212 ) (574 ) Deferred Tax Liabilities (27,169 ) (28,078 ) Deferred Tax Assets, Net $ 33,736 $ 21,374 As of December 31, 2021, and 2020, the Company had state and Canadian net operating loss carryforwards of approximately $14.7 million and $15.4 million, respectively, principally all of which will begin to expire in 2033. A valuation allowance is required when it is more-likely-than not that all or a portion of a deferred tax asset will not be realized. Realization of a deferred tax asset is dependent upon taxable income in prior carryback years, estimates of future taxable income, tax planning strategies and reversals of existing taxable temporary differences. The Company determined that as of December 31, 2021 and 2020, $4.6 million and $4.4 million, respectively, of the deferred tax assets related to state and Canadian losses do not satisfy the recognition criteria. The Company has therefore recorded a valuation allowance for this amount. The valuation allowance for deferred tax assets was increased by $179,000, $497,000 and $1.4 million during 2021, 2020 and 2019, respectively. The increases are primarily related to the Company’s Canadian operations. The provision for income taxes differs from the amount computed by applying the statutory federal corporate income tax rate to income before provision for income taxes and consisted of the following (dollars in thousands): Years Ended December 31, 2021 2020 2019 Amount Rate Amount Rate Amount Rate Income tax expense at the federal statutory rate $ 40,594 21.0 % $ 12,466 21.0 % $ 22,578 21.0 % State income tax expense, net of federal benefit 9,210 4.8 % 2,983 5.0 % 5,698 5.3 % (Windfall) shortfall tax benefits, net related to stock-based compensation (555 ) (0.3 )% 240 0.4 % (196 ) (0.2 )% Change in valuation allowance 179 0.1 % 497 0.8 % 1,351 1.3 % Permanent and other items (1) 1,405 0.7 % 340 0.6 % 1,151 1.0 % $ 50,833 26.3 % $ 16,526 27.8 % $ 30,582 28.4 % (1) Permanent items relate principally to compensation charges, qualified transportation fringe benefits, reversal of uncertain tax positions and meals and entertainment. A reconciliation of the beginning and ending amounts of unrecognized tax benefits consisted of the following (in thousands): Years Ended December 31, 2021 2020 2019 Beginning balance $ 55 $ 775 $ 1,246 Gross increase as a result of positions taken: Prior periods 1 — — Current period 304 — — Settlement with tax authorities — — — Expiration of applicable statutes of limitation (56 ) (720 ) (471 ) Ending balance $ 304 $ 55 $ 775 Unrecognized tax benefits balance decreased by $56,000 due to the expiration of the statute of limitations and increased by $304,000 due to the tax positions in the current period. Of the total amount of unrecognized tax benefit, if recognized, $0 would affect the effective tax rate. During the years ended December 31, 2021 and 2020, penalties of $0 and $13,000 respectively, were recorded relating to unrecognized tax benefits. The Company is subject to tax in various jurisdictions and, as a matter of ordinary course, the Company may be subject to income tax examinations by the federal, state and foreign taxing authorities for the tax years 2017 to 2021. The Company is currently under income tax examination by the state of New York. The Company has not provided for U.S. taxes on unremitted earnings of its foreign subsidiary as this subsidiary is operating at a loss and has no earnings and profits to remit. As a result, deferred taxes were not provided related to the cumulative translation adjustments.

Retirement Plans

Retirement Plans	12 Months Ended
Retirement Plans	Dec. 31, 2021
Retirement Benefits [Abstract]
Retirement Plans	13. Retirement Plans The Company has its own defined contribution plan (the “Marcus & Millichap, Inc. 401(k) Plan”) under Section 401(k) of the Internal Revenue Code for all eligible employees who have completed service. The contribution plan is subject to the provisions of the Employee Retirement Income Security Act of 1974 (“ERISA”), as amended. Participants may contribute up to % of their annual eligible compensation, subject to IRS limitations and ERISA. The Company matches employees’ contributions each pay period, dollar for dollar, up to a maximum of $ . Employees become vested in these Company contributions % upon one year of service, % upon two years of service and % upon three years of service. Company matching contributions aggregated $ million, $ million and $ million for the years ended December 31, 2021, 2020 and 2019, respectively, which is included in selling, general and administrative expense in the consolidated statements of net and comprehensive income.

Earnings per Share

Earnings per Share	12 Months Ended
Earnings per Share	Dec. 31, 2021
Earnings Per Share [Abstract]
Earnings per Share	14. Earnings per Share Basic and diluted earnings per share for the years ended December 31, 2021, 2020 and 2019 consisted of the following (in thousands, except per share data): Years Ended December 31, 2021 2020 2019 Numerator (Basic and Diluted): Net income $ 142,470 $ 42,838 $ 76,930 Change in value for stock settled consideration 27 3 — Adjusted net income $ 142,497 $ 42,835 $ 76,930 Denominator: Basic Weighted Average Common Shares Issued and Outstanding 39,575 39,318 39,083 Deduct: Unvested RSAs (1) (14 ) (18 ) (21 ) Add: Fully vested DSUs (2) 327 342 342 Weighted Average Common Shares Outstanding 39,888 39,642 39,404 Basic earnings per common share $ 3.57 $ 1.08 $ 1.95 Diluted Weighted Average Common Shares Outstanding from above 39,888 39,642 39,404 Add: Dilutive effect of RSUs, RSAs & ESPP 206 67 144 Add: Contingently issuable shares (3) 93 26 — Weighted Average Common Shares Outstanding 40,187 39,735 39,548 Diluted earnings per common share $ 3.55 $ 1.08 $ 1.95 Antidilutive shares excluded from diluted earnings per common share (4) 366 684 348 (1) RSAs were issued and outstanding to the non-employee one (2) Shares are included in weighted average common shares outstanding as the shares are fully vested but have not yet been delivered. See Note 11 – “Stock-Based Compensation Plans” for additional information. (3) Relates to contingently issuable stock settled consideration. (4) Primarily pertaining to RSU grants to the Company’s employees and independent contractors.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
Commitments and Contingencies	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	15. Commitments and Contingencies Credit Agreement On June 18, 2014, the Company entered into a Credit Agreement with Wells Fargo Bank, National Association (the “Bank”), as amended and restated on May 28, 2019, and further, amended on November 27, 2019 and on February 9, 2021 (the “Credit Agreement”). The Credit Agreement provides for a $60.0 million principal amount senior secured revolving credit facility that is guaranteed by all of the Company’s domestic subsidiaries (the “Credit Facility”) and matures on June 1, 2022. The Company may borrow, repay and reborrow amounts under the Credit Facility until its maturity date, at which time all amounts outstanding under the Credit Facility must be repaid in full. Upon the expiration of the use of the LIBOR as a benchmark, the benchmark will be replaced with the SOFR plus a spread adjustment. Borrowings under the Credit Agreement are available for general corporate purposes and working capital. The Credit Facility includes a (b) one-month The Credit Facility contains customary covenants, including financial and other covenant reporting requirements and events of default. Financial covenants require the Company, on a combined basis with its guarantors, to maintain (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 1.5:1.0 as of each quarter end, determined on a rolling four-quarter basis, and also limits investments in foreign entities and certain other loans. The Credit Facility is secured by substantially all assets of the Company, including pledges of 100% of the stock or other equity interest of each subsidiary except for the capital stock of a controlled foreign corporation (as defined in the Internal Revenue Code), in which case no such pledge is required. As of December 31, 2021, the Company was in compliance with all financial and non-financial Strategic Alliance The Company, in connection with the strategic alliance with M&T Realty Capital Corporation (“M&T Realty Capital”), has agreed to provide loan opportunities that may be funded through M&T Realty Capital’s Delegated Underwriting and Servicing Agreement with Fannie Mae. M&T Realty Capital’s agreement with Federal National Mortgage Association (“Fannie Mae”) requires M&T Realty Capital to guarantee a portion of each funded loan. On a loan-by-loan Other In connection with certain agreements with investment sales and financing professionals, the Company may agree to advance amounts to such professionals upon reaching certain time and performance goals. Such commitments as of December 31, 2021 aggregated $18.2 million.

Subsequent Events

Subsequent Events	12 Months Ended
Subsequent Events	Dec. 31, 2021
Subsequent Events [Abstract]
Subsequent Events	16. Subsequent Events In connection with agreements in principle with investment sales and financing professionals and business acquisitions, the Company entered into commitments through the date these consolidated financial statements were issued, aggregating $38.1 million, of which $29.2 million has been paid. Such commitments to investment sales and financing professionals may be subject to various conditions. On February 16, 2022, the Board of Directors declared a semi-annual regular dividend of $0.25 per share stockho the s . These dividend equivalents

Description of Business and B_2

Description of Business and Basis of Presentation (Policies)	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Description of Business	Description of Business Marcus & Millichap, Inc., (the “Company”, “Marcus & Millichap”, or “MMI”), a Delaware corporation, is a brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services. As of December 31, 2021, MMI operates 82 offices in the United States and Canada through its wholly-owned subsidiaries, including the operations of Marcus & Millichap Capital Corporation.
Reorganization and Initial Public Offering	Reorganization and Initial Public Offering MMI was formed in June 2013 in preparation for Marcus & Millichap Company (“MMC”) to spin-off November 2013.
Basis of Presentation	Basis of Presentation The Company’s consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”). The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation.
Considerations Related to the COVID-19 Pandemic	Considerations Related to the COVID-19 The Company may continue to experience operational and financial impacts due to the ongoing COVID-19 COVID-19
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers cash equivalents to include short-term, highly liquid investments with maturities of three months or less when purchased. Portions of the balance of cash and cash equivalents were held in financial institutions, various money market funds with fixed and floating net asset values and short-term commercial paper. Money market funds have floating net asset values and may be subject to gating or liquidity fees. The Company assesses short-term commercial paper for impairment in connection with investments in marketable debt securities, available-for-sale.
Revenue Recognition	Revenue Recognition The Company generates real estate brokerage commissions by acting as a broker for real estate owners or investors seeking to buy or sell commercial properties. The Company generates financing fees from securing financing on purchase transactions, from refinancing its clients’ existing mortgage debt and other ancillary fees associated with financing activities, including, but not limited to, mortgage servicing, debt and equity advisory services, loan sales and other consulting and due diligence services. The Company recognizes mortgage servicing revenues upon the acquisition of a servicing contract. The Company records servicing fees when earned provided the loans are current and the debt service payments are made by the borrowers. Other revenues include fees generated from consulting and advisory services, as well as referral fees from other real estate brokers. The Company’s contracts contain one performance obligation related to its real estate brokerage, financing and consulting and advisory services offered to buyers and sellers of commercial real estate, and provide that it is operating as a principal in all its revenue generating activities. The Company does not have multiple-element arrangements, variable consideration, financing components, significant noncash consideration, licenses, long-term contracts with customers or other items affecting the transaction price. Accordingly, the Company determined that the transaction price is fixed and determinable and collectability is reasonably assured. The Company recognizes revenue in principally all cases at the close of escrow for real estate brokerage, at the close of loan for financing, when services are provided, or upon closing of the transaction for other revenues.
Capitalization of Internal Software	Capitalization of Internal Software Certain costs related to the development or purchase of internal-use
Commissions Receivable, Net	Commissions Receivable, Net Commissions receivable, net consists of commissions earned on brokerage and financing transactions for which payment has not yet been received. The Company evaluates the need for an allowance for credit losses based on consideration of historical experience, current conditions and forecasts of future economic conditions. The majority of commissions receivable are settled within 10 days after the close of escrow.
Advances and Loans, Net	Advances and Loans, Net Advances and loans, net includes amounts advanced and loans due from the Company’s investment sales and financing professionals. In order to attract and retain highly skilled professionals, from time to time, the Company advances funds to its investment sales and financing professionals. The advances are typically in the form of forgivable loans that have terms that are generally between five The principal amount of a forgivable loan and accrued interest are forgiven over the term of the loan, so long as the investment sales and financing professionals continue to be a service provider with the Company, and/or upon achieving contractual performance criteria. Amounts forgiven are charged to selling, general and administrative expense over the period forgiven. If the investment sales and financing professional’s relationship with the Company is terminated before the amount advanced is forgiven, the unforgiven amount becomes due and payable. The Company evaluates the need for an allowance for credit losses based on amounts advanced, expected forgiveness, consideration of historical experience, current conditions and forecasts of future economic conditions. Estimated credit losses, net of any reversals, are charged to credit loss expense included in selling, general and administrative expense. Amounts are generally written off when amounts are determined to be no longer collectable. Accrued interest, when applicable, has historically been immaterial. The Company, from time to time, enters into various agreements with certain of its investment sales and financing professionals whereby these individuals receive loans. The notes receivable, along with stated interest, are typically collected from future commissions or repaid based on the terms stipulated in the respective agreements that are generally between one
Cost of Services	Cost of Services Cost of services principally consists of variable commissions, compensation-related costs related to the Company’s financing activities, and other costs for the Company’s investment sales and financing professionals related to transactions closed in the period. Commissions are accrued based on revenue from transactions generated by the Company’s investment sales and financing professionals. Investment sales and financing professionals are compensated at commission rates based on individual agreements, and a portion of the commissions due upon the closing of a transaction may be deferred in accordance with their contracts. Some of our most senior investment sales and financing professionals also have the ability to earn additional commissions after meeting certain annual financial thresholds. These additional commissions are recognized as cost of services in the period in which they are earned. Payment of a portion of these additional commissions are generally deferred for a period of one non-current)
Investments in Marketable Debt Securities, Available-for-Sale	Investments in Marketable Debt Securities, Available-for-Sale The Company maintains a portfolio of investments in a variety of fixed and variable rate debt securities, including U.S. treasuries, U.S. government sponsored entities, corporate debt, asset-backed securities (“ABS”) and other. The Company considers its investments in marketable debt securities to be available-for-sale, Available-for-Sale” The Company reviews quarterly its investment portfolio of all securities in an unrealized loss position to determine if an impairment charge or credit reserve is required. The Company excludes accrued interest from both the fair value and the amortized cost basis of marketable debt securities, available-for-sale, security or an allowance for credit losses and credit loss expense (included in selling, general and administrative expense), limited by the amount that the fair value is less than the amortized cost basis. Impairment that has not been recorded as a credit loss is recorded through other comprehensive income (loss), net of applicable taxes. The Company made an accounting policy election to not measure an allowance for credit losses for accrued interest receivables. The Company evaluates write-off Determining whether a credit loss exists requires a high degree of judgment and the Company considers both qualitative and quantitative factors in making its determination. The Company evaluates its intent to sell, or whether the Company will more likely than not be required to sell, the security before recovery of its amortized cost basis. For all securities in an unrealized loss position, the Company evaluates, among other items, the extent and length of time the fair market value of a security is less than its amortized cost, time to maturity, duration, seniority, the financial condition of the issuer including credit ratings, any changes thereto and relative default rates, leverage ratios, availability of liquidity to make principle and interest payments, performance indicators of the underlying assets, analyst reports and recommendations, and changes in base and market interest rates. If the qualitative and quantitative analysis is sufficient to conclude that an impairment related to credit losses does not exist, the Company typically does not perform further quantitative analysis to estimate the present value of cash flows expected to be collected from the debt security. Estimates of expected future cash flows are the Company’s best estimate based on past events, current conditions and reasonable and supportable economic forecasts.
Assets Held in Rabbi Trust	Assets Held in Rabbi Trust The Company maintains a non-qualified
Fair Value Measurements	Fair Value Measurements U.S. GAAP defines the fair value of a financial instrument as the amount that would be received from the sale of an asset in an orderly transaction between market participants at the measurement date. The Company is responsible for the determination of fair value and the supporting methodologies and assumptions. The Company uses various pricing sources and third parties to provide and validate the values utilized. The degree of judgment used in measuring the fair value of financial instruments is generally inversely correlated with the level of observable valuation inputs. Financial instruments with quoted prices in active markets generally have more pricing observability and less judgment is used in measuring fair value. Financial instruments for which no quoted prices are available have less observability and are measured at fair value using valuation models or other pricing techniques that require more judgment. Assets recorded at fair value are measured and classified in accordance with a fair value hierarchy consisting of the three “levels” based on the observability of inputs available in the marketplace used to measure the fair values as discussed below: • Level 1: • Level 2: • Level 3: Recurring Fair Value Measurements The Company values its investments including commercial paper and floating NAV money market funds recorded in cash and cash equivalents, investments in marketable debt securities, available-for-sale, Fair values for investments included in cash and cash equivalents and marketable debt securities, available-for-sale, Fair values for assets held in the rabbi trust and related deferred compensation liability were determined based on the cash surrender value of the company owned variable life insurance policies and underlying investments in the trust, and are Level 2 and Level 1 measurements, respectively. Contingent consideration in connection with acquisitions, is carried at fair value and determined on a contract-by-contract Nonrecurring Fair Value Measurements In accordance with U.S. GAAP, from time to time, the Company measures certain assets at fair value on a nonrecurring basis. The Company reviews the carrying value of mortgage servicing rights (“MSRs”), intangibles, goodwill and other assets for indications of impairment at least annually. When indications of potential impairment are identified, the Company may be required to determine the fair value of those assets and record an adjustment for the carrying amount in excess of the fair value determined. Any fair value determination would be based on valuation approaches, which are appropriate under the circumstances and utilize Level 2 and Level 3 measurements as required. Assets and Liabilities not Measured at Fair Value The Company’s commissions receivable, amounts due from employees and investment sales and financing professionals (included in the other assets, net current and other assets non-current non-current non-current
Property and Equipment, Net	Property and Equipment, Net Property and equipment are stated at cost less accumulated depreciation and amortization. The Company uses the straight-line method for depreciation and amortization. Depreciation and amortization are generally provided over estimated useful lives ranging from three The Company evaluates its fixed assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable.
Other Assets	Other Assets Other assets consist primarily of securities, held-to-maturity, MSRs are recorded at fair value upon acquisition of a servicing contract. The Company has elected the amortization method for the subsequent measurement of MSRs. MSRs are carried at the lower of amortized cost or fair value. All MSRs are amortized using the interest method over the period that servicing income is expected to be received. MSRs are included in other assets non-current The Company measures MSRs at fair value on a nonrecurring basis. MSRs are a Level 3 measurement. The Company’s MSRs do not trade in an active, open market with readily observable prices. The estimated fair value of the Company’s MSRs were developed using a discounted cash flow model that calculates the present value of estimated future net servicing income. The model considers contractual provisions and assumptions of market participants including specified servicing fees, prepayment assumptions, delinquency rates, late charges, other ancillary revenue, costs to service and other economic factors. The Company periodically reassesses and adjusts, when necessary, the underlying inputs and assumptions used in the model to reflect observable market conditions and assumptions that a market participant would consider in valuing an MSR asset. In connection with MSR activities, the Company holds funds in escrow for the benefit of the lenders. These funds and the offsetting obligations are not presented in the Company’s consolidated financial statements as they do not represent assets and liabilities of the Company.
Leases	Leases The Company utilizes operating leases for all its facilities and autos. The Company determines if an arrangement is a lease at inception. Right-of-use non-current, non-current Operating lease ROU assets and liabilities are recognized on the commencement date based on the present value of lease payments over the lease term. Lease agreements may contain periods of free rent or reduced rent, predetermined fixed increases in the minimum rent and renewal or termination options, all of which add complexity and impact the determination of the lease term and lease payments to be used in calculating the lease liability. Certain facility leases provide for rental escalations related to increases in the lessors’ direct operating expenses. The Company uses the implicit rate in the lease when determinable. As most of the Company’s leases do not have a determinable implicit rate, determining the rate to be used in its calculations is judgmental. The Company uses an estimated incremental borrowing rate based on borrowing options under its credit agreement and applies a spread over treasury rates for the indicated term of the lease based on the information available on the commencement date of the lease. The Company typically leases general purpose built-out The Company has lease agreements with lease and non-lease
Litigation	Litigation The Company is subject to various legal proceedings and claims that arise in the ordinary course of business, some of which involve claims for damages that are substantial in amount. Most of these litigation matters are covered by insurance, which contain deductibles, exclusions, claim limits and aggregate policy limits. While the ultimate liability for these legal proceedings cannot be determined, the Company uses judgment in the evaluation of claims and the need for accrual for loss contingencies quarterly. The Company records an accrual for litigation related losses where the likelihood of loss is both probable and estimable. The Company accrues legal fees for litigation as the legal services are provided.
Advertising Costs	Advertising Costs Advertising costs are expensed as incurred. Advertising costs are included in selling, general and administrative expense in the accompanying consolidated statements of net and comprehensive income. Advertising costs for the years ended December 31, 2021, 2020 and 2019 were $830,000, $586,000 and $889,000 respectively.
Income Taxes	Income Taxes The Company accounts for income taxes under the asset and liability method. The Company recognizes deferred tax assets and liabilities for the future tax consequences attributable to (i) differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis, and (ii) operating losses and tax credit carryforwards. The Company measures existing deferred tax assets and liabilities using enacted tax rates expected to apply to taxable income in the years in which the Company expects to have temporary differences realized or settled. The Company recognizes in the provision for income taxes, the effect on deferred tax assets and liabilities of a change in tax rates in the period that includes the enactment date. The Company periodically evaluates deferred tax assets to assess whether it is likely that the deferred tax assets will be realized. In determining whether a valuation allowance is required, the Company considers the timing of deferred tax reversals, current year taxable income and historical performance. Valuation allowances are provided against deferred tax assets when it is more-likely-than-not Because of the nature of the Company’s business, which includes activity in the U.S. and Canada, incorporating numerous states and provinces as well as local jurisdictions, the Company’s tax position can be complex. As such, the Company’s effective tax rate is subject to changes as a result of fluctuations in the mix of its activity in the various jurisdictions in which the Company operates including changes in tax rates, state apportionment, tax related interest and penalties, valuation allowances and other permanent items. Calculating some of the amounts involves a high degree of judgment. The Company evaluates its tax positions quarterly. The threshold for recognizing the benefits of tax return positions in the financial statements is “more likely than not” to be sustained by the taxing authority and requires measurement of a tax position meeting the more-likely-than-not % likely to be realized. The Company assesses its inventory of tax positions with respect to all applicable income tax issues for all open tax years (in each respective jurisdiction) and determines whether uncertain tax positions are required to be recognized in the Company’s consolidated financial statements. The Company recognizes interest and penalties incurred as income tax expense.
Stock-Based Compensation	Stock-Based Compensation The Company follows the accounting guidance for share-based payments, which requires the measurement and recognition of compensation expense for all stock-based awards made to employees, independent contractors and non-employee For awards made to the Company’s employees, directors and independent contractors, the Company initially values restricted stock units (“RSUs”) and restricted stock awards (“RSAs”) based on the grant date closing price of the Company’s common stock. For awards with periodic vesting, the Company recognizes the related expense on a straight-line basis over the requisite service period for the entire award, subject to periodic adjustments to ensure that the cumulative amount of expense recognized through the end of any reporting period is at least equal to the portion of the grant date value of the award that has vested through that date. The Company accounts for forfeitures prospectively as they occur. If there are any modifications or cancellations of the underlying unvested share-based awards, the Company may be required to accelerate, increase or cancel any remaining unrecognized or previously recorded stock-based compensation expense. For shares issued under the ESPP, the Company determined that the plan was a compensatory plan and is required to expense the fair value of the awards over each six previously paid dividends.
Earnings per Share	Earnings per Share Basic weighted average shares outstanding includes vested, but un-issued,
Foreign Currency Translation	Foreign Currency Translation The Company prepares the financial statements of its Canadian subsidiary using the local currency as the functional currency. The assets and liabilities of the Company’s Canadian subsidiary are translated into U.S. dollars at the rates of exchange at the balance sheet date with the resulting translation adjustments included as a separate component of stockholder’s equity through other comprehensive income (loss) in the consolidated statements of net and comprehensive income. Income and expenses are translated at the average monthly rates of exchange. The Company includes realized gains and losses from foreign currency transactions in other income (expense), net in the consolidated statements of net and comprehensive income. The effect of foreign currency translation on cash and cash equivalents is reflected in cash flows from operating activities on the consolidated statements of cash flows, and is not material for any period presented.
Taxes Collected from Clients and Remitted to Governmental Authorities	Taxes Collected from Clients and Remitted to Governmental Authorities The Company accounts for tax assessed by any governmental authority that is based on revenue or transaction value (e.g. sales, use and value added taxes) on a net basis, and, accordingly, such amounts are not included in revenue. Collected amounts are recorded as a current liability until paid.
Use of Estimates	Use of Estimates The preparation of 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 consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Concentration of Credit Risk	Concentrations of Credit Risk 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, available-for-sale, non-current) available-for-sale 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. 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 years ended December 31, 2021, 2020 and 2019, 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. During the year ended December 31, 2021, the Company’s Canadian operations represented approximately 2% of total revenues. During the years ended December 31, 2020 and 2019, the Company’s Canadian operations represented less than 2% and 1% of total revenues, respectively. During each of the years ended December 31, 2021, 2020 and 2019, no office represented 10% or more of total revenues.
Business Combinations	Business Combinations The Company accounts for business combinations using the acquisition method of accounting, under which the consideration for the acquisition, including the fair value of any contingent and deferred consideration, is allocated to the assets acquired and liabilities assumed. The Company recognizes identifiable assets acquired and liabilities assumed at their acquisition date fair values as determined by management as of the acquisition date. The excess of the consideration over the assets acquired net of liabilities assumed is recognized as goodwill. During the measurement period, which is not to exceed one year from the acquisition date, the Company may record adjustments to the assets acquired and liabilities assumed, with the corresponding offset to goodwill. Upon the conclusion of the measurement period, any subsequent adjustments are recorded as expense in the consolidated statements of net and comprehensive income. In connection with certain acquisitions, the Company enters into agreements to pay additional cash amounts based on the achievement of certain performance measures and/or service and time requirements. Contingent and deferred consideration in connection with the acquisition of a business is measured at fair value on the acquisition date and remeasured at fair value each reporting period thereafter until the consideration is settled in cash or stock, with changes in fair value recorded in selling, general and administrative expense in the consolidated statements of net and comprehensive income. Acquisition-related costs, such as due diligence, legal and accounting fees, are expensed as incurred and not considered in determining the fair value of the acquired assets. Acquisition-related costs are reflected in selling, general and administrative expense in the consolidated statements of net and comprehensive income.
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets The Company evaluates goodwill for impairment annually in the fourth quarter. In addition to the annual impairment evaluation, the Company evaluates at least quarterly whether events or circumstances have occurred in the period subsequent to the annual impairment testing which indicate that it is more likely than not an impairment loss has occurred. The initial impairment evaluation of goodwill is a qualitative assessment and is performed to assess whether the fair value of a reporting unit (“RU”) is less than its carrying amount. The Company completes a quantitative impairment test if evidence from the qualitative assessment indicates that it is more likely than not that the fair value of the RU is less than its carrying amount. If the Company determines the quantitative impairment test is required, the estimated fair value of the RU is determined and compared to its carrying amount, including goodwill. If the carrying amount exceeds the estimated fair value, an impairment loss is recognized equal to that excess. The loss recognized cannot exceed the carrying amount of goodwill. The Company currently has only one RU, therefore, all goodwill is allocated to that RU. The Company evaluates its finite-lived intangible assets for impairment at least annually, or as events or changes in circumstances indicate the carrying value may not be recoverable. The Company records an impairment loss if impairment triggers exist and the fair value of the asset is less than the asset’s carrying amount. The Company measures recoverability by comparing the carrying amount to the future undiscounted cash flows that the intangible assets are expected to generate. If the carrying value of the intangible assets are not non-compete one
Segment Reporting	Segment Reporting The Company follows U.S. GAAP for segment reporting, which requires reporting information on operating segments in interim and annual financial statements. Substantially all of the Company’s operations involve the delivery of commercial real estate services to its customers including real estate investment sales, financing and consulting and advisory services. Management makes operating decisions, assesses performance and allocates resources based on an ongoing review of these integrated operations, which constitute the Company’s only operating segment for financial reporting purposes.
Recent Accounting Pronouncements Adopted and Pending Adoption	Recent Accounting Pronouncements Pending Adoption In March 2020, the FASB issued Accounting Standards Update (“ASU”) No. 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting 2020-04”). 2020-04 2020-04 2020-04 consolidated financial statements.

Property and Equipment, Net (Ta

Property and Equipment, Net (Tables)	12 Months Ended
Property and Equipment, Net (Tables)	Dec. 31, 2021
Property, Plant and Equipment [Abstract]
Schedule of Property and Equipment, Net	Property and equipment, net consisted of the following (in thousands): December 31, 2021 2020 Computer software and hardware equipment $ 33,819 $ 30,955 Furniture, fixtures and equipment 24,511 23,418 Less: accumulated depreciation and amortization (35,138 ) (30,937 ) $ 23,192 $ 23,436

Operating Leases (Tables)

Operating Leases (Tables)	12 Months Ended
Operating Leases (Tables)	Dec. 31, 2021
Leases [Abstract]
Schedule of Operating Lease Cost, Included in Selling, General and Administrative Expense	The operating lease cost, included in selling, general and administrative expense in the consolidated statement of net and comprehensive income, consisted of the following (in thousands): Years Ended 2021 2020 Operating lease cost: Lease cost $ 26,209 $ 25,508 Variable lease cost ( 1 5,371 5,438 Sublease income (492 ) (246 ) $ 31,088 $ 30,700
Maturities of lease liabilities	Maturities of lease liabilities by year consisted of the following (in thousands): December 31, 2022 $ 20,901 2023 17,728 2024 15,224 2025 12,814 2026 9,335 Thereafter 6,738 Total future minimum lease payments 82,740 Less imputed interest (5,433 ) Present value of operating lease liabilities $ 77,307
Schedule of Supplemental Cash Flow Information and Noncash Activity Related to Operating Leases	Supplemental cash flow information and noncash activity related to the operating leases consisted of the following (in thousands): Years Ended 2021 2020 Operating cash flow information: Cash paid for amounts included in the measurement of operating lease $ 23,662 $ 21,131 Noncash activity: ROU assets obtained in exchange for operating lease liabilities $ 19,981 $ 16,293 Tenant improvements owned by lessor related to ROU assets (1) $ 1,266 $ 971 (1) Reclassification from other assets current.
Schedule of Other Information Related to Operating Leases	Other information related to the operating leases consisted of the following: December 31, 2021 2020 Weighted average remaining operating lease term 4.57 years 4.70 years Weighted average discount rate 2.9 % 3.1 %

Investments in Marketable Deb_2

Investments in Marketable Debt Securities, Available-for-Sale (Tables)	12 Months Ended
	Dec. 31, 2021
Investments, Debt and Equity Securities [Abstract]
Schedule of Amortized Cost, Allowance for Credit Losses, Gross Unrealized Gains/Losses in Accumulated Other Comprehensive Income/Loss and Fair Value of Marketable Securities, Available-for-Sale, by Type of Security	Amortized cost, allowance for credit losses, gross unrealized gains/losses in accumulated other comprehensive income/loss and fair value of marketable debt securities, available-for-sale, December 31, 2021 Amortized Allowance Gross Gross Fair Value Short-term investments: U.S. treasuries $ 35,767 $ $ — $ ) $ 35,733 Corporate debt 148,148 — 22 (35 ) 148,135 $ 183,915 $ — $ 22 $ (69 ) $ 183,868 Long-term investments: U.S. treasuries $ 70,902 $ — $ 128 $ (263 ) $ 70,767 U.S. government sponsored entities 726 — 22 (3 ) 745 Corporate debt 33,197 — 962 (146 ) 34,013 ABS and other 7,033 — 82 (30 ) 7,085 $ 111,858 $ — $ 1,194 $ (442 ) $ 112,610 December 31, 2020 Amortized Allowance Gross Gross Fair Value Short-term investments: U.S. treasuries $ 75,887 $ $ 88 $ (5 ) $ 75,970 U.S. government sponsored entities 32,439 — 8 — 32,447 Corporate debt 49,822 — 20 (1 ) 49,841 $ 158,148 $ — $ 116 $ (6 ) $ 158,258 Long-term investments: U.S. treasuries $ 3,375 $ — $ 266 $ — $ 3,641 U.S. government sponsored entities 1,114 — 38 — 1,152 Corporate debt 34,183 — 2,137 (33 ) 36,287 ABS and other 6,509 — 195 (11 ) 6,693 $ 45,181 $ — $ 2,636 $ (44 ) $ 47,773
Available-for-sale Marketable Debt Securities in a Continuous Unrealized Loss Position	The Company’s investments in marketable debt securities, available-for-sale, December 31, 2021 Less than 12 months 12 months or greater Total Fair Value Gross Fair Value Gross Fair Value Gross U.S. treasuries $ 103,019 $ (297 ) $ — $ — $ 103,019 $ (297 ) U.S. government sponsored entities 115 (3 ) — — 115 (3 ) Corporate debt 115,908 (173 ) 146 (8 ) 116,054 (181 ) ABS and other 2,915 (30 ) — — 2,915 (30 ) $ 221,957 $ (503 ) $ 146 $ (8 ) $ 222,103 $ (511 ) December 31, 2020 Less than 12 months 12 months or greater Total Fair Value Gross Fair Value Gross Fair Value Gross U.S. treasuries $ 41,702 $ (5 ) $ — $ — $ 41,702 $ (5 ) Corporate debt 29,810 (34 ) — — 29,810 (34 ) ABS and other 546 (6 ) 157 (5 ) 703 (11 ) $ 72,058 $ (45 ) $ 157 $ (5 ) $ 72,215 $ (50 )
Gross Realized Gains and Losses from Sale of Available for Sale Marketable Debt Securities	Gross realized gains and losses from the sales of the Company’s marketable debt securities, available-for-sale, Years Ended December 31, 2021 2020 2019 Gross realized gains (1) $ 221 $ 241 $ 134 Gross realized losses (1) $ (2 ) $ (49 ) $ (47 )
Amortized Cost and Fair Value of Marketable Debt Securities, Available-for-Sale, by Contractual Maturity	Amortized cost and fair value of marketable debt securities, available-for-sale, December 31, 2021 December 31, 2020 Amortized Fair Value Amortized Fair Value Due in one year or less $ 183,915 $ 183,868 $ 158,148 $ 158,258 Due after one year through five years 96,035 96,257 30,604 32,041 Due after five years through ten years 11,129 11,601 10,022 11,044 Due after ten years 4,694 4,752 4,555 4,688 $ 295,773 $ 296,478 $ 203,329 $ 206,031 Weighted average contractual maturity 1.5 year 1.6 years Actual maturities may differ from contractual maturities because certain issuers have the right to prepay certain obligations with or without prepayment penalties.

Acquisitions, Goodwill and Ot_2

Acquisitions, Goodwill and Other Intangible Assets (Tables)	12 Months Ended
Acquisitions, Goodwill and Other Intangible Assets (Tables)	Dec. 31, 2021
Business Combinations [Abstract]
Summary of Goodwill and Intangible Assets, Net	Goodwill and intangible assets, net consisted of the following (in thousands): December 31, 2021 December 31, 2020 Gross Accumulated Net Book Gross Accumulated Net Book Goodwill and intangible assets: Goodwill $ 34,071 $ — $ 34,071 $ 33,375 $ — $ 33,375 Intangible assets (1)(2) 23,974 (9,940 ) 14,034 24,745 (6,067 ) 18,678 $ 58,045 $ (9,940 ) $ 48,105 $ 58,120 $ (6,067 ) $ 52,053
Summary of Changes in Carrying Carrying Amount of Goodwill	The changes in the carrying amount of goodwill consisted of the following (in thousands): Years Ended 2021 2020 Beginning balance $ 33,375 $ 15,072 Additions from acquisitions (1) 696 18,303 Impairment losses — — Ending balance $ 34,071 $ 33,375
Schedule of Estimated Amortization Expense for Intangible Assets	Estimated amortization expense for intangible assets by year for the next five years and thereafter consisted of the following (in thousands): Year Ended 2022 $ 3,474 2023 3,407 2024 2,891 2025 2,671 2026 946 Thereafter 645 $ 14,034

Selected Balance Sheet Data (Ta

Selected Balance Sheet Data (Tables)	12 Months Ended
Selected Balance Sheet Data (Tables)	Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Allowance for Credit Losses for Advances and Loans and Commissions Receivable	Allowance for credit losses for advances and loans and commissions receivable consisted of the following (in thousands): Advances and Commissions Total Beginning balance as of January 1, 2021 $ 563 $ 94 $ 657 Credit loss expense (recovery) 255 (89 ) 166 Write-offs (29 ) — (29 ) Ending balance as of December 31, 2021 $ 789 $ 5 $ 794 Advances and Commissions Total Beginning balance as of January 1, 2020 $ 512 $ 32 (1) $ 544 Credit loss expense 126 62 188 Write-offs (75 ) — (75 ) Ending balance as of December 31, 2020 $ 563 $ 94 $ 657 (1) Includes cumulative-effect adjustment related to the adoption of ASU No. 2016-13,
Schedule of Other Assets	Other assets consisted of the following (in thousands): Current December 31, Non-Current December 31, 2021 2020 2021 2020 MSRs, net of amortization $ — $ — $ 1,855 $ 1,897 Security deposits — — 1,395 1,461 Employee notes receivable (1) 40 185 — 246 Securities, held-to-maturity (2) — — 9,500 — Customer trust accounts and other 5,230 4,526 396 572 $ 5,270 $ 4,711 $ 13,146 $ 4,176 (1) Reduction of accrued bonuses and other employee related expenses in settlement of employee notes receivable were $10 and $0 for the years ended December 31, 2021 and 2020, respectively. See Note 8 – “Related-Party Transactions” for additional information. (2) Securities, held-to-maturity, 1
Summary of Net Change in Carrying Value of MSRs	The net change in the carrying value of MSRs consisted of the following (in thousands): December 31, 2021 2020 Beginning balance $ 1,897 $ 2,002 Additions 483 441 Amortization (525 ) (546 ) Ending balance $ 1,855 $ 1,897
Schedule of Deferred Compensation and Commissions	Deferred compensation and commissions consisted of the following (in thousands): Current December 31, Non-Current December 31, 2021 2020 2021 2020 SARs liability (1) $ 2,241 $ 2,162 $ 14,918 $ 16,671 Commissions payable to investment sales and financing professionals 110,769 54,082 31,697 15,306 Deferred compensation liability (1) 1,080 1,519 6,921 6,768 Other 595 343 — — $ 114,685 $ 58,106 $ 53,536 $ 38,745 (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): Years Ended December 31, 2021 2020 2019 Increase in the carrying value of the assets held in the rabbi trust (1) $ 1,445 $ 1,042 $ 1,353 Increase in the net carrying value of the deferred compensation obligation (2) $ 1,104 $ 799 $ 1,293 (1) Recorded in other income (expense), net in the consolidated statements of net and comprehensive income. (2) Recorded in selling, general and administrative expense in the consolidated statements of net and comprehensive income.
Summary of Other Liabilities	Other liabilities consisted of the following (in thousands): Non-Current 2021 2020 Deferred consideration (1)(2) $ 4,689 $ 8,582 Contingent consideration (1)(2) 6,631 4,219 Other 74 1,015 $ 11,394 $ 13,816 (1) The current portions of deferred consideration in the amounts of $5,112 and $6,666 as of December 31, 2021 and 2020, respectively, are included in accounts payable and other liabilities in the consolidated balance sheets. The current portions of contingent consideration in the amounts of $2,681 and $1,353 as of December 31, 2021 and 2020, respectively, are included in accounts payable and other liabilities in the consolidated balance sheets. (2) Includes a measurement period adjustment and a reduction in deferred consideration settled in stock made during the year ended December 31, 2021, which represents a noncash investing activity. See Note 6 – “Acquisitions, Goodwill and Other Intangible Assets” for additional information.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
Fair Value Measurements (Tables)	Dec. 31, 2021
Fair Value Disclosures [Abstract]
Schedule of Assets and liabilities at Fair Value on Recurring Basis	Assets and liabilities carried at fair value on a recurring basis consisted of the following (in thousands): December 31, 2021 December 31, 2020 Fair Value Level 1 Level 2 Level 3 Fair Value Level 1 Level 2 Level 3 Assets: Assets held in rabbi trust $ 11,508 $ — $ 11,508 $ — $ 10,295 $ — $ 10,295 $ — Cash equivalents (1) Commercial paper $ 8,948 $ — $ 8,948 $ — $ 9,399 $ — $ 9,399 $ — Money market funds 210,985 210,985 — — 158,271 158,271 — — $ 219,933 $ 210,985 $ 8,948 $ — $ 167,670 $ 158,271 $ 9,399 $ — Marketable debt securities, available-for-sale: Short-term investments: U.S. treasuries $ 35,733 $ 35,733 $ — $ — $ 75,970 $ 75,970 $ — $ — U.S. government sponsored entities — — — — 32,447 — 32,447 — Corporate debt 148,135 — 148,135 — 49,841 — 49,841 — $ 183,868 $ 35,733 $ 148,135 $ — $ 158,258 $ 75,970 $ 82,288 $ — Long-term investments: U.S. treasuries $ 70,767 $ 70,767 $ — $ — $ 3,641 $ 3,641 $ — $ — U.S. government sponsored entities 745 — 745 — 1,152 — 1,152 — Corporate debt 34,013 — 34,013 — 36,287 — 36,287 — ABS and other 7,085 — 7,085 — 6,693 — 6,693 — $ 112,610 $ 70,767 $ 41,843 $ — $ 47,773 $ 3,641 $ 44,132 $ — Liabilities: Contingent consideration $ 9,312 $ — $ — $ 9,312 $ 5,572 $ — $ — $ 5,572 Deferred consideration $ 9,801 $ — $ 9,801 $ — $ 15,248 $ — $ 15,248 $ — Deferred compensation liability $ 8,001 $ 8,001 $ — $ — $ 8,287 $ 8,287 $ — $ — (1) Included in cash and cash equivalents on the accompanying consolidated balance sheets.
Schedule of Reconciliation of Contingent Consideration Measured at Fair Value on Recurring Basis	A reconciliation of contingent consideration measured at fair value on a recurring basis consisted of the following (in thousands): December 31, 2021 2020 Beginning balance $ 5,572 $ 3,387 Contingent consideration in connection with acquisitions (1) (100 ) 2,918 Change in fair value of contingent consideration 4,659 101 Payments of contingent consideration (819 ) (834 ) Ending balance $ 9,312 $ 5,572 (1) Contingent consideration in connection with acquisitions represents a noncash investing activity. The amount recorded during the year
Fair Value Liabilities Measured On Recurring Basis Valuation Techniques	Quantitative information about the valuation technique and significant unobservable inputs used in the valuation of the Company’s Level 3 financial liabilities measured at fair value on a recurring basis consisted of the following (dollars in thousands): Fair Value at December 31, 2021 Valuation Technique Unobservable inputs Range (Weighted Average) (1) Contingent consideration $ 9,312 Discounted cash flow Expected life of cash flows 1.4-5.8 years (3.4 years ) Discount rate 2.2%-3.5% (2.9% ) Probability of achievement 29.0%-100.0% (95.2% ) Fair Value at December 31, 2020 Valuation Technique Unobservable inputs Range (Weighted Average) (1) Contingent consideration $ 5,572 Discounted cash flow Expected life of cash flows 2.4-6.8 (4.4 years ) Discount rate 2.6%-4.3% (3.4% ) Probability of achievement 50.0%-100.0% (86.1% ) (1) Unobservable inputs were weighted by the relative fair value of the instruments.
Fair Value Liabilities Measured On NonRecurring Basis Valuation Techniques	Quantitative information about the valuation technique and significant unobservable inputs used in the valuation of the Company’s Level 3 financial assets measured at fair value on a nonrecurring basis consisted of the following (dollars in thousands): Fair Value at December 31, 2021 Valuation Technique Unobservable inputs Range (Weighted Average) (1) MSRs $ 2,332 Discounted cash flow Constant prepayment rates 0.0%-20.0% (10.0 % ) Constant default rate 0.3%-4.9% (1.2 % ) Loss severity 26.2%-31.4% (28.0 % ) Discount rate 10.0%-10.0% (10.0 % ) Fair Value at December 31, 2020 Valuation Technique Unobservable inputs Range (Weighted Average) (1) MSRs $ 2,135 Discounted cash flow Constant prepayment rates 0.0%-20.0% (10.0 % ) Constant default rate 0.3%-4.1% (1.1 % ) Loss severity 26.2%-31.4% (28.0 % ) Discount rate 10.0%-10.0% (10.0 % ) (1) Weighted average is based on the 10% constant prepayment rate scenario which the Company uses as the reported fair value.

Stock-Based Compensation Plans

Stock-Based Compensation Plans (Tables)	12 Months Ended
Stock-Based Compensation Plans (Tables)	Dec. 31, 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 RSU Grants to RSU Grants to Total Weighted- Nonvested shares at December 31, 2018 (1) 27,096 471,782 392,697 891,575 $ 27.59 Granted 12,806 260,274 82,050 355,130 $ 38.51 Vested (22,422 ) (186,311 ) (191,883 ) (400,616 ) $ 24.29 Transferred — (8,136 ) 8,136 — $ 29.68 Forfeited/canceled — (12,494 ) (33,520 ) (46,014 ) $ 30.65 Nonvested shares at December 31, 2019 (1) 17,480 525,115 257,480 800,075 $ 33.91 Granted 19,516 322,910 92,279 434,705 $ 32.80 Vested (20,268 ) (170,291 ) (93,944 ) (284,503 ) $ 32.74 Transferred — (18,294 ) 18,294 — $ 33.67 Forfeited/canceled — (21,790 ) (10,108 ) (31,898 ) $ 34.49 Nonvested shares at December 31, 2020 (1) 16,728 637,650 264,001 918,379 $ 33.73 Granted 13,323 277,462 90,430 381,215 $ 39.03 Vested (16,728 ) (172,327 ) (88,198 ) (277,253 ) $ 31.89 Transferred — (10,649 ) 10,649 — $ 34.98 Forfeited/canceled — (34,357 ) (7,048 ) (41,405 ) $ 33.47 Nonvested shares at December 31, 2021 (1) 13,323 697,779 269,834 980,936 $ 36.32 Unrecognized stock-based compensation expense as of December 31, 2021 (2) $ 177 $ 20,389 $ 8,079 $ 28,645 Weighted average remaining vesting period (years) as of December 31, 2021 0.34 3.42 3.36 3.38 (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 3.38 years.
Stock-Based Compensation Expense	Components of stock-based compensation are included in selling, general and administrative expense in the consolidated statements of net and comprehensive income and consisted of the following (in thousands): Years Ended December 31, 2021 2020 2019 ESPP $ 142 $ 168 $ 139 RSAs – non-employee 463 606 643 RSUs – employees (1) 6,642 6,003 5,419 RSUs – independent contractors 3,114 3,128 3,077 $ 10,361 $ 9,905 $ 9,278 (1) Years ended December 31, 2020 and 2019 include expenses related to the acceleration of vesting of certain RSUs.

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
Income Taxes (Tables)	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Summary of Components of Income (Loss) from Continuing Operations before Provision for Income Taxes	The components of income from continuing operations before provision for income taxes consisted of the following (in thousands): Years Ended December 31, 2021 2020 2019 United States $ 193,147 $ 62,206 $ 112,425 Foreign 156 (2,842 ) (4,913 ) $ 193,303 $ 59,364 $ 107,512
Schedule of Provision (Benefit) for Income Taxes	The provision for income taxes consisted of the following (in thousands): Years Ended December 31, 2021 2020 2019 Federal: Current $ 48,785 $ 12,437 $ 22,638 Deferred (9,600 ) 310 665 39,185 12,747 23,303 State: Current 13,903 3,616 7,718 Deferred (2,243 ) 163 (507 ) 11,660 3,779 7,211 Foreign: Current — — — Deferred (12 ) — 68 (12 ) — 68 $ 50,833 $ 16,526 $ 30,582
Significant Components of Deferred Tax Assets (Liabilities), Net	Significant components of the Company’s deferred tax assets, net consisted of the following (in thousands): December 31, 2021 2020 Deferred Tax Assets: Accrued expenses and bonuses $ 6,822 $ 3,078 Bad debt and other reserves 6,989 4,889 Deferred compensation 18,287 12,536 Operating lease ROU assets, net 20,937 21,125 Stock-based compensation 7,031 7,403 Net operating and capital loss carryforwards 3,769 3,932 State taxes 92 (163 ) Amortizable intangibles and other 1,577 1,070 Deferred tax assets before valuation allowance 65,504 53,870 Valuation allowance (4,599 ) (4,418 ) Deferred Tax Assets 60,905 49,452 Deferred Tax Liabilities: Fixed assets (6,552 ) (6,814 ) Operating lease liabilities (18,697 ) (19,357 ) Prepaid expenses (1,513 ) (533 ) Other comprehensive income (195 ) (800 ) Goodwill and other (212 ) (574 ) Deferred Tax Liabilities (27,169 ) (28,078 ) Deferred Tax Assets, Net $ 33,736 $ 21,374
Components of Provision for Income Taxes and Income before Provision for Income Taxes	The provision for income taxes differs from the amount computed by applying the statutory federal corporate income tax rate to income before provision for income taxes and consisted of the following (dollars in thousands): Years Ended December 31, 2021 2020 2019 Amount Rate Amount Rate Amount Rate Income tax expense at the federal statutory rate $ 40,594 21.0 % $ 12,466 21.0 % $ 22,578 21.0 % State income tax expense, net of federal benefit 9,210 4.8 % 2,983 5.0 % 5,698 5.3 % (Windfall) shortfall tax benefits, net related to stock-based compensation (555 ) (0.3 )% 240 0.4 % (196 ) (0.2 )% Change in valuation allowance 179 0.1 % 497 0.8 % 1,351 1.3 % Permanent and other items (1) 1,405 0.7 % 340 0.6 % 1,151 1.0 % $ 50,833 26.3 % $ 16,526 27.8 % $ 30,582 28.4 % (1) Permanent items relate principally to compensation charges, qualified transportation fringe benefits, reversal of uncertain tax positions and meals and entertainment.
Schedule of Reconciliation of Beginning and Ending Amount of Unrecognized Tax Benefits	A reconciliation of the beginning and ending amounts of unrecognized tax benefits consisted of the following (in thousands): Years Ended December 31, 2021 2020 2019 Beginning balance $ 55 $ 775 $ 1,246 Gross increase as a result of positions taken: Prior periods 1 — — Current period 304 — — Settlement with tax authorities — — — Expiration of applicable statutes of limitation (56 ) (720 ) (471 ) Ending balance $ 304 $ 55 $ 775

Earnings per Share (Tables)

Earnings per Share (Tables)	12 Months Ended
Earnings per Share (Tables)	Dec. 31, 2021
Earnings Per Share [Abstract]
Computation of Basic and Diluted Earnings Per Share, Including Antidilutive Securities Excluded from Computation of Earnings Per Share	Basic and diluted earnings per share for the years ended December 31, 2021, 2020 and 2019 consisted of the following (in thousands, except per share data): Years Ended December 31, 2021 2020 2019 Numerator (Basic and Diluted): Net income $ 142,470 $ 42,838 $ 76,930 Change in value for stock settled consideration 27 3 — Adjusted net income $ 142,497 $ 42,835 $ 76,930 Denominator: Basic Weighted Average Common Shares Issued and Outstanding 39,575 39,318 39,083 Deduct: Unvested RSAs (1) (14 ) (18 ) (21 ) Add: Fully vested DSUs (2) 327 342 342 Weighted Average Common Shares Outstanding 39,888 39,642 39,404 Basic earnings per common share $ 3.57 $ 1.08 $ 1.95 Diluted Weighted Average Common Shares Outstanding from above 39,888 39,642 39,404 Add: Dilutive effect of RSUs, RSAs & ESPP 206 67 144 Add: Contingently issuable shares (3) 93 26 — Weighted Average Common Shares Outstanding 40,187 39,735 39,548 Diluted earnings per common share $ 3.55 $ 1.08 $ 1.95 Antidilutive shares excluded from diluted earnings per common share (4) 366 684 348 (1) RSAs were issued and outstanding to the non-employee one (2) Shares are included in weighted average common shares outstanding as the shares are fully vested but have not yet been delivered. See Note 11 – “Stock-Based Compensation Plans” for additional information. (3) Relates to contingently issuable stock settled consideration. (4) Primarily pertaining to RSU grants to the Company’s employees and independent contractors.

Description of Business and B_3

Description of Business and Basis of Presentation - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2021Office
Class of Stock [Line Items]
Number of offices in the United States and Canada	82
Formation date	2013-06
Percentage of common stock distributed	80.00%
IPO MMI [Member]
Class of Stock [Line Items]
IPO completion date	Nov. 5, 2013

Accounting Policies and Recen_2

Accounting Policies and Recent Accounting Pronouncements - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2021USD ($)OfficeSegment	Dec. 31, 2020USD ($)Office	Dec. 31, 2019USD ($)Office
Accounting Policies [Line Items]
Commission's receivable settled period	10 days
Number of offices \| Office	82
Advertising Costs	$ 830,000	$ 586,000	$ 889,000
Income tax benefit realized, percentage	50.00%
Property and equipment, amortization method	straight-line
Number of reporting units \| Segment	1
Finite-lived intangible asset, amortization method	straight-line
Line of credit	$ 0
Credit Agreement [Member]
Accounting Policies [Line Items]
Line of credit	$ 0
Employee Stock Purchase Plan [Member]
Accounting Policies [Line Items]
Length of purchase intervals	6 months
Expected dividend yield	0.00%
Forfeiture rate	0.00%
Payment of dividend	$ 0
Customer Concentration Risk [Member] \| Total revenues [Member] \| Customer [Member]
Accounting Policies [Line Items]
Concentration risk percentage	10.00%	10.00%	10.00%
Customer Concentration Risk [Member] \| Commissions receivable [Member] \| Customer [Member]
Accounting Policies [Line Items]
Concentration risk percentage	10.00%	10.00%	10.00%
Geographic Concentration Risk [Member] \| Total revenues [Member]
Accounting Policies [Line Items]
Number of offices \| Office	0	0	0
Geographic Concentration Risk [Member] \| Total revenues [Member] \| Customer [Member]
Accounting Policies [Line Items]
Concentration risk percentage	10.00%	10.00%	10.00%
Transaction Risk [Member] \| Total revenues [Member] \| Customer [Member]
Accounting Policies [Line Items]
Concentration risk percentage	0.00%	0.00%	0.00%
Minimum [Member]
Accounting Policies [Line Items]
Property and equipment, estimated useful lives	3 years
Finite-lived intangible asset, useful life	1 year
Deferred term for payment of additional commissions	1 year
Minimum [Member] \| Advances To Investment Sales And Financing Professionals [Member]
Accounting Policies [Line Items]
Advances to Investment Sales and Financing Professionals, Repayment Term	5 years
Minimum [Member] \| Loan To Investment Sales and Financing Professionals [Member]
Accounting Policies [Line Items]
Loans to Investment Sales and Financing Professionals, Repayment Term	1 year
Maximum [Member]
Accounting Policies [Line Items]
Property and equipment, estimated useful lives	7 years
Finite-lived intangible asset, useful life	7 years
Deferred term for payment of additional commissions	3 years
Maximum [Member] \| Advances To Investment Sales And Financing Professionals [Member]
Accounting Policies [Line Items]
Advances to Investment Sales and Financing Professionals, Repayment Term	10 years
Maximum [Member] \| Loan To Investment Sales and Financing Professionals [Member]
Accounting Policies [Line Items]
Loans to Investment Sales and Financing Professionals, Repayment Term	7 years
Maximum [Member] \| Geographic Concentration Risk [Member] \| Total revenues [Member] \| CANADA [Member] \| Customer [Member]
Accounting Policies [Line Items]
Concentration risk percentage	2.00%	2.00%	1.00%
Capitalization of Internal Labor [Member]
Accounting Policies [Line Items]
Property and equipment, estimated useful lives	5 years

Property and Equipment, Net - S

Property and Equipment, Net - Schedule of Property and Equipment, Net (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Less: accumulated depreciation and amortization	$ (35,138)	$ (30,937)
Property and equipment, net	23,192	23,436
Computer software and hardware equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	33,819	30,955
Furniture, fixtures, and equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	$ 24,511	$ 23,418

Property and Equipment, Net - A

Property and Equipment, Net - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Property, Plant and Equipment [Abstract]
Fully depreciated computer software and hardware equipment and furniture, fixtures and equipment write-off	$ 3,200,000	$ 1,300,000
Property and equipment additions incurred but not yet paid	$ 406,000	$ 154,000

Operating Leases - Schedule of

Operating Leases - Schedule of Operating Lease Cost, Included in Selling, General and Administrative Expense (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Operating lease cost:
Lease cost	$ 26,209	$ 25,508
Variable lease cost	5,371	5,438
Sublease income	(492)	(246)
Total operating lease cost	$ 31,088	$ 30,700

Operating Leases - Maturities o

Operating Leases - Maturities of lease liabilities (Detail) $ in Thousands	Dec. 31, 2021USD ($)
Lessee, Operating Lease, Liability, Payment, Due [Abstract]
2022	$ 20,901
2023	17,728
2024	15,224
2025	12,814
2026	9,335
Thereafter	6,738
Total future minimum lease payments	82,740
Less imputed interest	(5,433)
Present value of operating lease liabilities	$ 77,307

Operating Leases - Schedule o_2

Operating Leases - Schedule of Supplemental Cash Flow Information and Noncash Activity Related to Operating Leases (Detail) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2021	Dec. 31, 2020
Operating cash flow information:
Cash paid for amounts included in the measurement of operating lease liabilities		$ 23,662	$ 21,131
Noncash activity:
ROU assets obtained in exchange for operating lease liabilities		19,981	16,293
Tenant improvements owned by lessor related to ROU assets	[1]	$ 1,266	$ 971

[1]	Reclassification from other assets current.

Operating Leases - Schedule o_3

Operating Leases - Schedule of Other Information Related to Operating Leases (Detail)	Dec. 31, 2021	Dec. 31, 2020
Leases, Operating [Abstract]
Weighted average remaining operating lease term	4 years 6 months 25 days	4 years 8 months 12 days
Weighted average discount rate	2.90%	3.10%

Investments in Marketable Deb_3

Investments in Marketable Debt Securities, Available-for-Sale - Schedule of Amortized Cost and Fair Value of Marketable Securities, Available-for-Sale, by Type of Security (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	$ 295,773	$ 203,329
Allowance for Credit Losses	0
Fair Value	296,478	206,031
Short-term investments [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	183,915	158,148
Allowance for Credit Losses	0	0
Gross Unrealized Gains	22	116
Gross Unrealized Losses	(69)	(6)
Fair Value	183,868	158,258
Short-term investments [Member] \| U.S. Treasuries [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	35,767	75,887
Allowance for Credit Losses	0	0
Gross Unrealized Gains	0	88
Gross Unrealized Losses	(34)	(5)
Fair Value	35,733	75,970
Short-term investments [Member] \| U.S. Government Sponsored Entities [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost		32,439
Allowance for Credit Losses		0
Gross Unrealized Gains		8
Gross Unrealized Losses		0
Fair Value		32,447
Short-term investments [Member] \| Corporate debt [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	148,148	49,822
Allowance for Credit Losses	0	0
Gross Unrealized Gains	22	20
Gross Unrealized Losses	(35)	(1)
Fair Value	148,135	49,841
Long-term marketable securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	111,858	45,181
Allowance for Credit Losses	0	0
Gross Unrealized Gains	1,194	2,636
Gross Unrealized Losses	(442)	(44)
Fair Value	112,610	47,773
Long-term marketable securities [Member] \| U.S. Treasuries [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	70,902	3,375
Allowance for Credit Losses	0	0
Gross Unrealized Gains	128	266
Gross Unrealized Losses	(263)	0
Fair Value	70,767	3,641
Long-term marketable securities [Member] \| U.S. Government Sponsored Entities [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	726	1,114
Allowance for Credit Losses	0	0
Gross Unrealized Gains	22	38
Gross Unrealized Losses	(3)	0
Fair Value	745	1,152
Long-term marketable securities [Member] \| Corporate debt [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	33,197	34,183
Allowance for Credit Losses	0	0
Gross Unrealized Gains	962	2,137
Gross Unrealized Losses	(146)	(33)
Fair Value	34,013	36,287
Long-term marketable securities [Member] \| ABS and other [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	7,033	6,509
Allowance for Credit Losses	0	0
Gross Unrealized Gains	82	195
Gross Unrealized Losses	(30)	(11)
Fair Value	$ 7,085	$ 6,693

Investments in Marketable Deb_4

Investments in Marketable Debt Securities, Available-for-Sale - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2021USD ($)	Dec. 31, 2020
Schedule of Available-for-sale Securities [Line Items]
Allowance for credit losses	$ 0
Weighted average contractual maturity	1 year 6 months	1 year 7 months 6 days
Fitch, AA Rating [Member] \| Moody's, Aaa Rating [Member] \| Standard & Poor's, AA Rating [Member]
Schedule of Available-for-sale Securities [Line Items]
Weighted average contractual maturity	1 year 6 months
Fitch, AA+ Rating [Member] \| Moody's, Aa3 Rating [Member] \| Standard & Poor's, AA+ Rating [Member] \| Weighted Average Credit AA Plus Rating [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale, securities number of unrealized loss positions	98
Available-for-sale, securities in unrealized loss positions, accumulated loss	$ 511,000
Percentage of amortized cost	0.20%

Investments in Marketable Deb_5

Investments in Marketable Debt Securities, Available-for-Sale - Amortized Cost and Fair Value of Investments in Available for Sale Securities Unrealized Loss Position (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Schedule of Available-for-sale Securities [Line Items]
Available for sale securities continuous unrealized loss position for less than 12 months, fair value	$ 221,957	$ 72,058
Available for sale securities continuous unrealized loss position for less than 12 months, gross unrealized loss	(503)	(45)
Available for sale securities continuous unrealized loss position for 12 months or longer, fair value	146	157
Available for sale securities continuous unrealized loss position for 12 months or longer, gross unrealized loss	(8)	(5)
Available for sale securities continuous unrealized loss position, fair value	222,103	72,215
Available for sale securities continuous unrealized loss position, gross unrealized loss	(511)	(50)
U.S. Treasuries [Member]
Schedule of Available-for-sale Securities [Line Items]
Available for sale securities continuous unrealized loss position for less than 12 months, fair value	103,019	41,702
Available for sale securities continuous unrealized loss position for less than 12 months, gross unrealized loss	(297)	(5)
Available for sale securities continuous unrealized loss position for 12 months or longer, fair value	0	0
Available for sale securities continuous unrealized loss position for 12 months or longer, gross unrealized loss	0	0
Available for sale securities continuous unrealized loss position, fair value	103,019	41,702
Available for sale securities continuous unrealized loss position, gross unrealized loss	(297)	(5)
U.S. Government Sponsored Entities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available for sale securities continuous unrealized loss position for less than 12 months, fair value	115
Available for sale securities continuous unrealized loss position for less than 12 months, gross unrealized loss	(3)
Available for sale securities continuous unrealized loss position for 12 months or longer, fair value	0
Available for sale securities continuous unrealized loss position for 12 months or longer, gross unrealized loss	0
Available for sale securities continuous unrealized loss position, fair value	115
Available for sale securities continuous unrealized loss position, gross unrealized loss	(3)
Corporate debt [Member]
Schedule of Available-for-sale Securities [Line Items]
Available for sale securities continuous unrealized loss position for less than 12 months, fair value	115,908	29,810
Available for sale securities continuous unrealized loss position for less than 12 months, gross unrealized loss	(173)	(34)
Available for sale securities continuous unrealized loss position for 12 months or longer, fair value	146	0
Available for sale securities continuous unrealized loss position for 12 months or longer, gross unrealized loss	(8)	0
Available for sale securities continuous unrealized loss position, fair value	116,054	29,810
Available for sale securities continuous unrealized loss position, gross unrealized loss	(181)	(34)
ABS and other [Member]
Schedule of Available-for-sale Securities [Line Items]
Available for sale securities continuous unrealized loss position for less than 12 months, fair value	2,915	546
Available for sale securities continuous unrealized loss position for less than 12 months, gross unrealized loss	(30)	(6)
Available for sale securities continuous unrealized loss position for 12 months or longer, fair value	0	157
Available for sale securities continuous unrealized loss position for 12 months or longer, gross unrealized loss	0	(5)
Available for sale securities continuous unrealized loss position, fair value	2,915	703
Available for sale securities continuous unrealized loss position, gross unrealized loss	$ (30)	$ (11)

Investments in Marketable Deb_6

Investments in Marketable Debt Securities, Available-for-Sale - Gross Realized Gains and Losses from Sale of Available for Sale Securities (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Investments, Debt and Equity Securities [Abstract]
Gross realized gains	$ 221	$ 241	$ 134
Gross realized losses	$ (2)	$ (49)	$ (47)

Investments in Marketable Deb_7

Investments in Marketable Debt Securities, Available-for-Sale - Schedule of Amortized Cost and Fair Value of Marketable Securities, Available-for-Sale, by Contractual Maturity (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Investments, Debt and Equity Securities [Abstract]
Due in one year or less, Amortized Cost	$ 183,915	$ 158,148
Due after one year through five years, Amortized Cost	96,035	30,604
Due after five years through ten years, Amortized Cost	11,129	10,022
Due after ten years, Amortized Cost	4,694	4,555
Amortized Cost	295,773	203,329
Due in one year or less, Fair Value	183,868	158,258
Due after one year through five years, Fair Value	96,257	32,041
Due after five years through ten years, Fair Value	11,601	11,044
Due after ten years, Fair Value	4,752	4,688
Total Fair Value	$ 296,478	$ 206,031
Weighted average contractual maturity	1 year 6 months	1 year 7 months 6 days

Acquisitions, Goodwill and Ot_3

Acquisitions, Goodwill and Other Intangible Assets - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2021Segment
Number of reporting units	1
Impairments	the Company did not identify any situations where the recording of an impairment was required.

Acquisitions, Goodwill and Ot_4

Acquisitions, Goodwill and Other Intangible Assets - Summary of Goodwill and Intangible Assets (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill, gross carrying amount	$ 34,071	$ 33,375
Intangible assets, gross carrying amount	23,974	24,745
Goodwill and intangible assets, gross carrying amount, total	58,045	58,120
Intangible assets, accumulated amortization	(9,940)	(6,067)
Goodwill, net book value	34,071	33,375	$ 15,072
Intangible assets, net book value	14,034	18,678
Goodwill and intangible assets, net book value	$ 48,105	$ 52,053

Acquisitions, Goodwill and Ot_5

Acquisitions, Goodwill and Other Intangible Assets - Summary of Goodwill and Intangible Assets (Parenthetical) (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Business Combinations [Abstract]
Weighted average amortization intangible assets	5 years 6 months 10 days	5 years 6 months 25 days
Amortization expense	$ 3.8	$ 4.3

Acquisitions, Goodwill and Ot_6

Acquisitions, Goodwill and Other Intangible Assets - Summary of Net Change in Carrying Value of Goodwill (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Goodwill [Roll Forward]
Beginning balance	$ 33,375	$ 15,072
Additions from acquisitions	696	18,303
Impairment losses	0	0
Ending balance	$ 34,071	$ 33,375

Acquisitions, Goodwill and Ot_7

Acquisitions, Goodwill and Other Intangible Assets - Schedule of Estimated Amortization Expense for Intangible Assets (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
2022	$ 3,474
2023	3,407
2024	2,891
2025	2,671
2026	946
Thereafter	645
Total	$ 14,034	$ 18,678

Selected Balance Sheet Data - S

Selected Balance Sheet Data - Schedule of Advances and Loans, Net (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Advances And Loans and Commissions Receivable Allowance For Credit Losses [Line Items]
Beginning balance	$ 563	$ 512
Credit loss expense (recovery)	255	126
Write-offs	(29)	(75)
Ending balance	789	563
Beginning balance	94
Credit loss expense (recovery)	(89)	62
Write-offs	0	0
Ending balance	5	94
Beginning balance	657
Credit loss expense (recovery)	166	188
Write-offs	(29)	(75)
Ending balance	$ 794	657
Accounting Standards Update 2016-13 [Member]
Advances And Loans and Commissions Receivable Allowance For Credit Losses [Line Items]
Beginning balance		32
Beginning balance		$ 544

Selected Balance Sheet Data -_2

Selected Balance Sheet Data - Schedule of Other Assets (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Other Assets [Line Items]
Other assets Current	$ 5,270	$ 4,711
Other assets Non-Current	13,146	4,176
Mortgage servicing rights, net of amortization [Member]
Other Assets [Line Items]
Other assets Current	0	0
Other assets Non-Current	1,855	1,897
Security deposits [Member]
Other Assets [Line Items]
Other assets Current	0	0
Other assets Non-Current	1,395	1,461
Employee Notes Receivable [Member]
Other Assets [Line Items]
Other assets Current	40	185
Other assets Non-Current	0	246
Customer trust accounts and other [Member]
Other Assets [Line Items]
Other assets Current	5,230	4,526
Other assets Non-Current	396	572
Held-to-maturity Securities [Member]
Other Assets [Line Items]
Other assets Current	0	0
Other assets Non-Current	$ 9,500	$ 0

Selected Balance Sheet Data -_3

Selected Balance Sheet Data - Schedule of Other Assets (Parenthetical) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Other Assets [Line Items]
Reduction of accrued bonuses and other employee related expenses in settlement of employee notes receivable	$ 10	$ 0
Securities, Held-To-Maturity Maturity Date	Sep. 1, 2024

Selected Balance Sheet Data -_4

Selected Balance Sheet Data - Summary of Net Change in Carrying Value of MSRs (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Servicing Asset at Amortized Cost, Balance [Roll Forward]
Beginning balance	$ 1,897	$ 2,002
Additions	483	441
Amortization	(525)	(546)
Ending balance	$ 1,855	$ 1,897

Selected Balance Sheet Data - A

Selected Balance Sheet Data - Additional Information (Detail) - USD ($)	Jan. 01, 2021	Jan. 01, 2020	Jan. 01, 2019	Jan. 01, 2014	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Mar. 31, 2013
Schedule Of Accrued Expenses [Line Items]
SARs frozen liability amount					$ 14,918,000	$ 16,671,000
Interest expense					$ 580,000	900,000	$ 1,388,000
Commissions Payable [Member]
Schedule Of Accrued Expenses [Line Items]
Estimated payouts description					Commissions payable that are not expected to be paid within twelve months are classified as long-term.
Maximum payment deferral period for certain commissions payable					3 years
Mortgage servicing rights [Member]
Schedule Of Accrued Expenses [Line Items]
Servicing portfolio of commercial real estate loans, unpaid principal balance					$ 1,700,000,000	1,600,000,000
Escrow Funds					$ 4,100,000	3,200,000
SARs [Member]
Schedule Of Accrued Expenses [Line Items]
SARs frozen liability amount								$ 20,000,000
SARs liability frozen value date					Mar. 31, 2013
SARs liability interest accrual commencement date					Jan. 1, 2014
SARs liability interest accrual rates	2.93%	3.92%	4.684%
Interest expense					$ 488,000	710,000	$ 904,000
Treasury note term				10 years
Base spread on SARs liability variable rate				2.00%
Estimated payouts description					Estimated payouts within the next twelve months for participants that have separated from service have been classified as current
Payments made during the period					$ 2,200,000	2,100,000
Deferred Compensation Liability [Member]
Schedule Of Accrued Expenses [Line Items]
Estimated payouts description					Estimated payouts within the next twelve months for participants that have separated from service or elected in service payout have been classified as current.
Deferred Compensation Liability, Minimum Payout Period					2 years
Deferred Compensation Liability, Maximum Payout Period					15 years
Fair value of deferred compensation plan assets					110.00%
Payments made during the period					$ 1,500,000	$ 1,500,000

Selected Balance Sheet Data - C

Selected Balance Sheet Data - Components of Deferred Compensation and Commissions (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Deferred Compensation and Commissions [Line Items]
SARs liability, current	$ 2,241	$ 2,162
Commissions payable to investment sales and financing professionals, current	110,769	54,082
Deferred compensation liability, current	1,080	1,519
Other, current	595	343
Deferred compensation and commissions, current	114,685	58,106
SARs liability, non-current	14,918	16,671
Commissions payable to investment sales and financing professionals, non-current	31,697	15,306
Deferred compensation liability, non-current	6,921	6,768
Other, non-current	0	0
Deferred compensation and commissions, non-current	$ 53,536	$ 38,745

Selected Balance Sheet Data -_5

Selected Balance Sheet Data - Summary of Net Change in Carrying Value of Assets Held in Rabbi Trust and Deferred Compensation Liability (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Balance Sheet Related Disclosures [Abstract]
Increase in the carrying value of the assets held in the rabbi trust	$ 1,445	$ 1,042	$ 1,353
Increase in the net carrying value of the deferred compensation obligation	$ 1,104	$ 799	$ 1,293

Selected Balance Sheet Data -_6

Selected Balance Sheet Data - Schedule of Other Liabilities (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Other Liabilities [Abstract]
Deferred consideration	$ 4,689	$ 8,582
Contingent consideration	6,631	4,219
Other	74	1,015
Other liabilities	$ 11,394	$ 13,816

Selected Balance Sheet Data -_7

Selected Balance Sheet Data - Schedule of Other Liabilities (Parenthetical) (Detail) - Accounts payable and other liabilities [Member] - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Other liabilities [Line Items]
Contingent consideration	$ 2,681	$ 1,353
Deferred consideration current	$ 5,112	$ 6,666

Related-Party Transactions - Ad

Related-Party Transactions - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Related Party Transaction [Line Items]
Operating lease cost	$ 26,209,000	$ 25,508,000
Aggregate principal amount for employee notes receivable	40,000	431,000
MMC [Member]
Related Party Transaction [Line Items]
Real estate brokerage commissions and financing fees from transactions with subsidiaries of Marcus & Millichap Company	2,400,000	2,900,000	$ 5,200,000
Commission expenses for transactions with subsidiaries of Marcus & Millichap Company	1,400,000	1,700,000	3,000,000
Operating lease cost	$ 1,300,000	1,300,000	1,300,000
Lease expiration date	May 31, 2022
Accounts payable and other liabilities - related party	$ 93,000	89,000
MMC [Member] \| Transition Services Agreement [Member]
Related Party Transaction [Line Items]
Selling, general and administrative expense	$ (12,000)	$ 68,000	$ 127,000
George M. Marcus [Member]
Related Party Transaction [Line Items]
Beneficial ownership percentage	38.00%

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Assets and Liabilities at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets held in rabbi trust	$ 11,508	$ 10,295
Marketable debt securities, available-for-sale	296,478	206,031
Deferred consideration	9,801	15,248
Deferred compensation liability	8,001	8,287
Short-term investments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable debt securities, available-for-sale	183,868	158,258
Long-term marketable securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable debt securities, available-for-sale	112,610	47,773
U.S. Treasuries [Member] \| Short-term investments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable debt securities, available-for-sale	35,733	75,970
U.S. Treasuries [Member] \| Long-term marketable securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable debt securities, available-for-sale	70,767	3,641
U.S. Government Sponsored Entities [Member] \| Short-term investments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable debt securities, available-for-sale		32,447
U.S. Government Sponsored Entities [Member] \| Long-term marketable securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable debt securities, available-for-sale	745	1,152
Corporate debt securities [Member] \| Short-term investments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable debt securities, available-for-sale	148,135	49,841
Corporate debt securities [Member] \| Long-term marketable securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable debt securities, available-for-sale	34,013	36,287
Asset-backed securities and other [Member] \| Long-term marketable securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable debt securities, available-for-sale	7,085	6,693
Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	219,933	167,670
Recurring [Member] \| Short-term investments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable debt securities, available-for-sale	183,868	158,258
Recurring [Member] \| Long-term marketable securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable debt securities, available-for-sale	112,610	47,773
Recurring [Member] \| Commercial Paper [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	8,948	9,399
Recurring [Member] \| Money market funds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	210,985	158,271
Recurring [Member] \| Assets held in rabbi trust [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets held in rabbi trust	11,508	10,295
Recurring [Member] \| U.S. Treasuries [Member] \| Short-term investments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable debt securities, available-for-sale	35,733	75,970
Recurring [Member] \| U.S. Treasuries [Member] \| Long-term marketable securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable debt securities, available-for-sale	70,767	3,641
Recurring [Member] \| U.S. Government Sponsored Entities [Member] \| Short-term investments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable debt securities, available-for-sale	0	32,447
Recurring [Member] \| U.S. Government Sponsored Entities [Member] \| Long-term marketable securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable debt securities, available-for-sale	745	1,152
Recurring [Member] \| Corporate debt securities [Member] \| Short-term investments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable debt securities, available-for-sale	148,135	49,841
Recurring [Member] \| Corporate debt securities [Member] \| Long-term marketable securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable debt securities, available-for-sale	34,013	36,287
Recurring [Member] \| Asset-backed securities and other [Member] \| Long-term marketable securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable debt securities, available-for-sale	7,085	6,693
Level 1 [Member] \| Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	210,985	158,271
Deferred consideration	0	0
Deferred compensation liability	8,001	8,287
Level 1 [Member] \| Recurring [Member] \| Short-term investments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable debt securities, available-for-sale	35,733	75,970
Level 1 [Member] \| Recurring [Member] \| Long-term marketable securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable debt securities, available-for-sale	70,767	3,641
Level 1 [Member] \| Recurring [Member] \| Commercial Paper [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	0	0
Level 1 [Member] \| Recurring [Member] \| Money market funds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	210,985	158,271
Level 1 [Member] \| Recurring [Member] \| Assets held in rabbi trust [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets held in rabbi trust	0	0
Level 1 [Member] \| Recurring [Member] \| U.S. Treasuries [Member] \| Short-term investments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable debt securities, available-for-sale	35,733	75,970
Level 1 [Member] \| Recurring [Member] \| U.S. Treasuries [Member] \| Long-term marketable securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable debt securities, available-for-sale	70,767	3,641
Level 1 [Member] \| Recurring [Member] \| U.S. Government Sponsored Entities [Member] \| Short-term investments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable debt securities, available-for-sale	0	0
Level 1 [Member] \| Recurring [Member] \| U.S. Government Sponsored Entities [Member] \| Long-term marketable securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable debt securities, available-for-sale	0	0
Level 1 [Member] \| Recurring [Member] \| Corporate debt securities [Member] \| Short-term investments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable debt securities, available-for-sale	0	0
Level 1 [Member] \| Recurring [Member] \| Corporate debt securities [Member] \| Long-term marketable securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable debt securities, available-for-sale	0	0
Level 1 [Member] \| Recurring [Member] \| Asset-backed securities and other [Member] \| Long-term marketable securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable debt securities, available-for-sale	0	0
Level 2 [Member] \| Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	8,948	9,399
Deferred consideration	9,801	15,248
Deferred compensation liability	0	0
Level 2 [Member] \| Recurring [Member] \| Short-term investments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable debt securities, available-for-sale	148,135	82,288
Level 2 [Member] \| Recurring [Member] \| Long-term marketable securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable debt securities, available-for-sale	41,843	44,132
Level 2 [Member] \| Recurring [Member] \| Commercial Paper [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	8,948	9,399
Level 2 [Member] \| Recurring [Member] \| Money market funds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	0	0
Level 2 [Member] \| Recurring [Member] \| Assets held in rabbi trust [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets held in rabbi trust	11,508	10,295
Level 2 [Member] \| Recurring [Member] \| U.S. Treasuries [Member] \| Short-term investments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable debt securities, available-for-sale	0	0
Level 2 [Member] \| Recurring [Member] \| U.S. Treasuries [Member] \| Long-term marketable securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable debt securities, available-for-sale	0	0
Level 2 [Member] \| Recurring [Member] \| U.S. Government Sponsored Entities [Member] \| Short-term investments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable debt securities, available-for-sale	0	32,447
Level 2 [Member] \| Recurring [Member] \| U.S. Government Sponsored Entities [Member] \| Long-term marketable securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable debt securities, available-for-sale	745	1,152
Level 2 [Member] \| Recurring [Member] \| Corporate debt securities [Member] \| Short-term investments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable debt securities, available-for-sale	148,135	49,841
Level 2 [Member] \| Recurring [Member] \| Corporate debt securities [Member] \| Long-term marketable securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable debt securities, available-for-sale	34,013	36,287
Level 2 [Member] \| Recurring [Member] \| Asset-backed securities and other [Member] \| Long-term marketable securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable debt securities, available-for-sale	7,085	6,693
Level 3 [Member] \| Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	0	0
Deferred consideration	0	0
Deferred compensation liability	0	0
Level 3 [Member] \| Recurring [Member] \| Short-term investments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable debt securities, available-for-sale	0	0
Level 3 [Member] \| Recurring [Member] \| Long-term marketable securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable debt securities, available-for-sale	0	0
Level 3 [Member] \| Recurring [Member] \| Commercial Paper [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	0	0
Level 3 [Member] \| Recurring [Member] \| Money market funds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	0	0
Level 3 [Member] \| Recurring [Member] \| Assets held in rabbi trust [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets held in rabbi trust	0	0
Level 3 [Member] \| Recurring [Member] \| U.S. Treasuries [Member] \| Short-term investments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable debt securities, available-for-sale	0	0
Level 3 [Member] \| Recurring [Member] \| U.S. Treasuries [Member] \| Long-term marketable securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable debt securities, available-for-sale	0	0
Level 3 [Member] \| Recurring [Member] \| U.S. Government Sponsored Entities [Member] \| Short-term investments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable debt securities, available-for-sale	0	0
Level 3 [Member] \| Recurring [Member] \| U.S. Government Sponsored Entities [Member] \| Long-term marketable securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable debt securities, available-for-sale	0	0
Level 3 [Member] \| Recurring [Member] \| Corporate debt securities [Member] \| Short-term investments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable debt securities, available-for-sale	0	0
Level 3 [Member] \| Recurring [Member] \| Corporate debt securities [Member] \| Long-term marketable securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable debt securities, available-for-sale	0	0
Level 3 [Member] \| Recurring [Member] \| Asset-backed securities and other [Member] \| Long-term marketable securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable debt securities, available-for-sale	0	0
Contingent Consideration [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Contingent consideration	9,312	5,572	$ 3,387
Contingent Consideration [Member] \| Level 1 [Member] \| Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Contingent consideration	0	0
Contingent Consideration [Member] \| Level 2 [Member] \| Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Contingent consideration	0	0
Contingent Consideration [Member] \| Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Contingent consideration	$ 9,312	$ 5,572

Fair Value Measurements - Sch_2

Fair Value Measurements - Schedule of Reconciliation of Contingent Consideration Measured at Fair Value on Recurring Basis (Detail) - Contingent Consideration [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Beginning balance	$ 5,572	$ 3,387
Contingent consideration in connection with acquisitions	(100)	2,918
Change in fair value of contingent consideration	4,659	101
Payments of contingent consideration	(819)	(834)
Ending balance	$ 9,312	$ 5,572

Fair Value Measurements - Sch_3

Fair Value Measurements - Schedule of Fair Value Liabilities Measured On Recurring Basis Valuation Techniques (Detail) - Contingent Consideration [Member] $ in Thousands	Dec. 31, 2021USD ($)yr	Dec. 31, 2020USD ($)yr	Dec. 31, 2019USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Amount \| $	$ 9,312	$ 5,572	$ 3,387
Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Amount \| $	$ 9,312	$ 5,572
Level 3 [Member] \| Fair Value, Measurements, Recurring [Member] \| Expected life of cash flows [Member] \| Maximum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Range \| yr	5.8	6.8
Level 3 [Member] \| Fair Value, Measurements, Recurring [Member] \| Expected life of cash flows [Member] \| Minimum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Range \| yr	1.4	2.4
Level 3 [Member] \| Fair Value, Measurements, Recurring [Member] \| Expected life of cash flows [Member] \| Weighted Average [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Range \| yr	3.4	4.4
Level 3 [Member] \| Fair Value, Measurements, Recurring [Member] \| Discount rate [Member] \| Maximum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Range	0.035	0.043
Level 3 [Member] \| Fair Value, Measurements, Recurring [Member] \| Discount rate [Member] \| Minimum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Range	0.022	0.026
Level 3 [Member] \| Fair Value, Measurements, Recurring [Member] \| Discount rate [Member] \| Weighted Average [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Range	0.029	0.034
Level 3 [Member] \| Fair Value, Measurements, Recurring [Member] \| Probability of achievement [Member] \| Maximum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Range	1	1
Level 3 [Member] \| Fair Value, Measurements, Recurring [Member] \| Probability of achievement [Member] \| Minimum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Range	0.290	0.500
Level 3 [Member] \| Fair Value, Measurements, Recurring [Member] \| Probability of achievement [Member] \| Weighted Average [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Range	0.952	0.861
Level 3 [Member] \| Fair Value, Measurements, Recurring [Member] \| Discounted cash flow [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Amount \| $	$ 9,312	$ 5,572

Fair Value Measurements - Sch_4

Fair Value Measurements - Schedule of Fair Value Liabilities Measured On Non-Recurring Basis Valuation Techniques (Detail) - Mortgage Rights [Member] - Fair Value, Inputs, Level 3 [Member] - Fair Value, Nonrecurring [Member] $ in Thousands	Dec. 31, 2021USD ($)	Dec. 31, 2020USD ($)
Constant prepayment rates [Member] \| Maximum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Range	20	20
Constant prepayment rates [Member] \| Minimum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Range	0	0
Constant prepayment rates [Member] \| Weighted Average [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Range	10	10
Constant default rate [Member] \| Maximum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Range	4.9	4.1
Constant default rate [Member] \| Minimum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Range	0.3	0.3
Constant default rate [Member] \| Weighted Average [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Range	1.2	1.1
Loss severity [Member] \| Maximum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Range	31.4	31.4
Loss severity [Member] \| Minimum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Range	26.2	26.2
Loss severity [Member] \| Weighted Average [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Range	28	28
Discount rate [Member] \| Maximum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Range	10	10
Discount rate [Member] \| Minimum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Range	10	10
Discount rate [Member] \| Weighted Average [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Range	10	10
Discounted cash flow [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Amount	$ 2,332	$ 2,135

Fair Value Measurements - Sch_5

Fair Value Measurements - Schedule of Fair Value Liabilities Measured On Non-Recurring Basis Valuation Techniques (Parenthetical) (Detail)	Dec. 31, 2021	Dec. 31, 2020
Measurement Input, Constant Prepayment Rate [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Percentage of fair value weighted average	10	10

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value, assets, level 3 transfers, amount	$ 0
Contingent and deferred consideration, maximum undiscounted payment	$ 28,600,000	$ 33,200,000
Recurring [Member] \| Maximum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Earn-out period for contingent and deferred consideration	5 years
Recurring [Member] \| Minimum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Earn-out period for contingent and deferred consideration	1 year

Stockholders' Equity - Addition

Stockholders' Equity - Additional Information (Detail) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Equity [Abstract]
Common stock, shares issued	39,692,373	39,401,976
Common stock, shares outstanding	39,692,373	39,401,976
Common stock share, par value	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	25,000,000	25,000,000
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Undistributed earnings of foreign subsidiary	$ 0	$ 0

Stock-Based Compensation Plan_2

Stock-Based Compensation Plans - 2013 Omnibus Equity Incentive Plan - Award Limitations - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2021shares
Share-based Compensation Arrangement by Share-based Payment Award, Additional General Disclosures [Abstract]
Common stock shares available for grant \| shares	4,667,141
Equity incentive plan amendment, shareholder approval date	2017-05
Equity incentive plan amendment, board of directors approval date	2017-02

Stock-Based Compensation Plan_3

Stock-Based Compensation Plans - 2013 Omnibus Equity Incentive Plan - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Millions	Feb. 16, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vested shares		277,253	284,503	400,616
Subsequent Event [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Dividends Payable, Date to be Paid	Apr. 4, 2022
Dividends Payable	$ 52.1
Dividends Payable, Date of Record	Mar. 8, 2022
Dividend declaration date	Feb. 16, 2022
Semi Annual Regular Dividend [Member] \| Subsequent Event [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Dividends Payable, Amount Per Share	$ 0.25
Special Dividend [Member] \| Subsequent Event [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Dividends Payable, Amount Per Share	$ 1
2013 Omnibus Equity Incentive Plan [Member] \| Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares issued under compensation plan		0
Number of shares outstanding under compensation plan		0
2013 Omnibus Equity Incentive Plan [Member] \| Restricted Stock Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period		1 year
2013 Omnibus Equity Incentive Plan [Member] \| Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period		5 years
Vested shares		260,525
2013 Omnibus Equity Incentive Plan [Member] \| SARs [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares issued under compensation plan		0
Number of shares outstanding under compensation plan		0
2013 Omnibus Equity Incentive Plan [Member] \| Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares issued under compensation plan		0
Number of shares outstanding under compensation plan		0
2013 Omnibus Equity Incentive Plan [Member] \| Performance Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares issued under compensation plan		0
Number of shares outstanding under compensation plan		0
2013 Omnibus Equity Incentive Plan [Member] \| Deferred stock units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vested shares		60,373
Fair value of vested, during period		$ 2.4	$ 0	$ 0
2013 Omnibus Equity Incentive Plan [Member] \| Restricted Stock Units and Restricted Stock Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of vested, during period		$ 10.2	$ 8.9	$ 14.6
2013 Omnibus Equity Incentive Plan [Member] \| Unvested Restricted Stock and Deferred Stock Units [Member] \| Subsequent Event [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Dividends Payable	$ 2.5
2013 Omnibus Equity Incentive Plan [Member] \| Restricted Stock and Deferred Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of common stock shares withheld to pay employee statutory withholding taxes		91,457

Stock-Based Compensation Plan_4

Stock-Based Compensation Plans - Outstanding Awards Under 2013 Omnibus Equity Incentive Plan (Detail) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Nonvested shares at beginning	918,379	800,075	891,575
Granted	381,215	434,705	355,130
Vested	(277,253)	(284,503)	(400,616)
Transferred	0	0	0
Forfeited/canceled	(41,405)	(31,898)	(46,014)
Nonvested shares at ending	980,936	918,379	800,075
Unrecognized stock-based compensation expense as of December 31, 2021	$ 28,645
Weighted average remaining vesting period (years) as of December 31, 2021	3 years 4 months 17 days
Nonvested weighted average grant date fair value per share, beginning balance	$ 33.73	$ 33.91	$ 27.59
Weighted average grant date fair value per share, Granted	39.03	32.80	38.51
Weighted average grant date fair value per share, Vested	31.89	32.74	24.29
Weighted average grant date fair value per share, Transferred	34.98	33.67	29.68
Weighted average grant date fair value per share, Forfeited/canceled	33.47	34.49	30.65
Nonvested weighted average grant date fair value per share, ending balance	$ 36.32	$ 33.73	$ 33.91
Restricted Stock Awards [Member] \| Non-Employee Directors [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Nonvested shares at beginning	16,728	17,480	27,096
Granted	13,323	19,516	12,806
Vested	(16,728)	(20,268)	(22,422)
Transferred	0	0	0
Forfeited/canceled	0	0	0
Nonvested shares at ending	13,323	16,728	17,480
Unrecognized stock-based compensation expense as of December 31, 2021	$ 177
Weighted average remaining vesting period (years) as of December 31, 2021	4 months 2 days
Restricted Stock Units [Member] \| Employees [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Nonvested shares at beginning	637,650	525,115	471,782
Granted	277,462	322,910	260,274
Vested	(172,327)	(170,291)	(186,311)
Transferred	(10,649)	(18,294)	(8,136)
Forfeited/canceled	(34,357)	(21,790)	(12,494)
Nonvested shares at ending	697,779	637,650	525,115
Unrecognized stock-based compensation expense as of December 31, 2021	$ 20,389
Weighted average remaining vesting period (years) as of December 31, 2021	3 years 5 months 1 day
Restricted Stock Units [Member] \| Independent Contractors [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Nonvested shares at beginning	264,001	257,480	392,697
Granted	90,430	92,279	82,050
Vested	(88,198)	(93,944)	(191,883)
Transferred	10,649	18,294	8,136
Forfeited/canceled	(7,048)	(10,108)	(33,520)
Nonvested shares at ending	269,834	264,001	257,480
Unrecognized stock-based compensation expense as of December 31, 2021	$ 8,079
Weighted average remaining vesting period (years) as of December 31, 2021	3 years 4 months 9 days

Stock-Based Compensation Plan_5

Stock-Based Compensation Plans - Outstanding Awards Under 2013 Omnibus Equity Incentive Plan (Parenthetical) (Detail)	12 Months Ended
	Dec. 31, 2021
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Unrecognized stock-based compensation expenses recognition period	3 years 4 months 17 days

Stock-Based Compensation Plan_6

Stock-Based Compensation Plans - Employee Stock Purchase Plan - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2021USD ($)shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock shares available for issuance	4,667,141
Unrecognized stock-based compensation expense \| $	$ 28,645,000
Unrecognized stock-based compensation expenses recognition period	3 years 4 months 17 days
Employee Stock Purchase Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
ESPP offering period description	The offering periods generally start on the first trading day on or after May 15 and November 15 of each year.
Length of purchase intervals	6 months
ESPP discount rate	10.00%
Common stock shares available for issuance	156,725
Unrecognized stock-based compensation expense \| $	$ 83,000
Unrecognized stock-based compensation expenses recognition period	4 months 13 days
Employee Stock Purchase Plan - Annual Available for Issuance Share Increase [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock available for future issuance authorized annual share increase	366,667
Common stock available for future issuance authorized annual percentage increase	1.00%
ESPP description	The ESPP provides for annual increases in the number of shares available for issuance under the ESPP, equal to the least of (i) 366,667 shares, (ii) 1% of the outstanding shares on such date, or (iii) an amount determined by the compensation committee of the board of directors.

Stock-Based Compensation Plan_7

Stock-Based Compensation Plans - Amendments to Restricted Stock and SARs - Additional Information (Detail) - Deferred stock units [Member] - shares	Nov. 05, 2013	Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
DSU settlement to common stock percentage	20.00%
DSU settlement into actual stock issued term	5 years
Employee termination age	67 years
Percentage of shares of deferred stock units settled in the event of death or termination after reaching age 67	100.00%
Share Based Compensation Arrangement By Share Based Payment Award Stock Appreciation Rights Offering Date	Mar. 31, 2013
2013 Omnibus Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fully vested deferred stock units remaining outstanding		281,193

Stock-Based Compensation Plan_8

Stock-Based Compensation Plans - Stock-Based Compensation Expense (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated share-based compensation expense	$ 10,361	$ 9,905	$ 9,278
Employee Stock Purchase Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated share-based compensation expense	142	168	139
Restricted Stock Awards [Member] \| Non-Employee Directors [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated share-based compensation expense	463	606	643
Restricted Stock Units [Member] \| Employees [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated share-based compensation expense	6,642	6,003	5,419
Restricted Stock Units [Member] \| Independent Contractors, Subsequent to Adoption of New Standard [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated share-based compensation expense	$ 3,114	$ 3,128	$ 3,077

Income Taxes - Summary of Compo

Income Taxes - Summary of Components of Income from Continuing Operations before Provision for Income Taxes (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income (loss) before provision for income taxes:
Income before provision for income taxes	$ 193,303	$ 59,364	$ 107,512
United States [Member]
Income (loss) before provision for income taxes:
Income before provision for income taxes	193,147	62,206	112,425
Foreign [Member]
Income (loss) before provision for income taxes:
Income before provision for income taxes	$ 156	$ (2,842)	$ (4,913)

Income Taxes - Schedule of Prov

Income Taxes - Schedule of Provision (Benefit) for Income Taxes (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Federal:
Current	$ 48,785	$ 12,437	$ 22,638
Deferred	(9,600)	310	665
Provision for Income Taxes, Federal	39,185	12,747	23,303
State:
Current	13,903	3,616	7,718
Deferred	(2,243)	163	(507)
Provision for Income Taxes, State	11,660	3,779	7,211
Foreign:
Current	0	0	0
Deferred	(12)	0	68
Provision for Income Taxes, Foreign	(12)	0	68
Provision for income taxes, amount	$ 50,833	$ 16,526	$ 30,582

Income Taxes - Significant Comp

Income Taxes - Significant Components of Deferred Tax Assets (Liabilities), Net (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Deferred Tax Assets:
Accrued expenses and bonuses	$ 6,822	$ 3,078
Bad debt and other reserves	6,989	4,889
Deferred compensation	18,287	12,536
Operating lease ROU assets, net	20,937	21,125
Stock-based compensation	7,031	7,403
Net operating and capital loss carryforwards	3,769	3,932
State taxes	92	(163)
Amortizable intangibles and other	1,577	1,070
Deferred tax assets before valuation allowance	65,504	53,870
Valuation allowance	(4,599)	(4,418)
Deferred Tax Assets	60,905	49,452
Deferred Tax Liabilities:
Fixed assets	(6,552)	(6,814)
Operating lease liabilities	(18,697)	(19,357)
Prepaid expenses	(1,513)	(533)
Other comprehensive income	(195)	(800)
Goodwill and other	(212)	(574)
Deferred Tax Liabilities	(27,169)	(28,078)
Deferred Tax Assets, Net	$ 33,736	$ 21,374

Income Taxes - Components of Pr

Income Taxes - Components of Provision for Income Taxes and Income before Provision for Income Taxes (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Income tax expense at the federal statutory rate, amount	$ 40,594	$ 12,466	$ 22,578
State income tax expense, net of federal benefit, amount	9,210	2,983	5,698
(Windfall) shortfall tax benefits, net related to stock-based compensation, amount	(555)	240	(196)
Change in valuation allowance, amount	179	497	1,351
Permanent and other items, amount	1,405	340	1,151
Provision for income taxes, amount	$ 50,833	$ 16,526	$ 30,582
Income tax expense at the federal statutory rate, rate	21.00%	21.00%	21.00%
State income tax expense, net of federal benefit, rate	4.80%	5.00%	5.30%
(Windfall) shortfall tax benefits, net related to stock-based compensation, rate	(0.30%)	0.40%	(0.20%)
Change in valuation allowance, rate	0.10%	0.80%	1.30%
Permanent and other items, rate	0.70%	0.60%	1.00%
Provision for income taxes, rate	26.30%	27.80%	28.40%

Income Taxes - Schedule of Reco

Income Taxes - Schedule of Reconciliation of Beginning and Ending Amount of Unrecognized Tax Benefits (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Beginning balance	$ 55	$ 775	$ 1,246
Prior periods	1	0	0
Current period	304	0	0
Settlement with tax authorities	0	0	0
Expiration of applicable statutes of limitation	(56)	(720)	(471)
Ending balance	$ 304	$ 55	$ 775

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($)	12 Months Ended
Income Taxes - Additional Information (Detail) - USD ($)	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Taxes [Line Items]
State and Canadian net operating losses (NOLs)	$ 14,700,000	$ 15,400,000
State and Canadian net operating losses (NOLs), expiration year	2033
Valuation allowance, deferred tax assets	$ 4,599,000	4,418,000
Change in valuation allowance, deferred tax assets	179,000	497,000	$ 1,400,000
Decrease in unrecognized tax benefits that is reasonably possible	56,000
Unrecognized tax benefits related to penalties	$ 0	13,000
Income Tax Examination, Description	The Company is currently under income tax examination by the state of New York.
Undistributed earnings of foreign subsidiary	$ 0	$ 0
Increase in unrecognized tax benefits that is reasonably possible	304,000
Unrecognized tax benefits that would impact effective tax rate	$ 0
Minimum [Member]
Income Taxes [Line Items]
Open tax years subject to tax examinations	2017
Maximum [Member]
Income Taxes [Line Items]
Open tax years subject to tax examinations	2021

Retirement Plans - Additional I

Retirement Plans - Additional Information (Detail) - Contribution Plan [Member] - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Defined Contribution Plan Disclosure [Line Items]
Defined contribution plan minimum eligible period	have completed one month of service.
Defined contribution plan, maximum percentage of employee contribution	100.00%
Defined contribution plan, maximum annual employer contribution per employee	$ 4,000
Defined contribution plan, matching employer contributions	$ 1,200,000	$ 1,000,000	$ 1,100,000
One Year of Service [Member]
Defined Contribution Plan Disclosure [Line Items]
Defined contribution plan, vesting percentage per year	33.00%
Two Year of Service [Member]
Defined Contribution Plan Disclosure [Line Items]
Defined contribution plan, vesting percentage per year	66.00%
Three Year of Service [Member]
Defined Contribution Plan Disclosure [Line Items]
Defined contribution plan, vesting percentage per year	100.00%

Earnings per Share - Computatio

Earnings per Share - Computation of Basic and Diluted Earnings Per Share, Including Antidilutive Securities Excluded from Computation of Earnings Per Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Numerator (Basic and Diluted):
Net income	$ 142,470	$ 42,838	$ 76,930
Change in value for stock settled consideration	27	3	0
Adjusted net income	$ 142,497	$ 42,835	$ 76,930
Denominator:
Weighted Average Common Shares Issued and Outstanding	39,575	39,318	39,083
Deduct: Unvested RSAs	(14)	(18)	(21)
Add: Fully vested DSUs	327	342	342
Weighted Average Common Shares Outstanding	39,888	39,642	39,404
Basic earnings per common share	$ 3.57	$ 1.08	$ 1.95
Weighted Average Common Shares Outstanding from above	39,888	39,642	39,404
Add: Dilutive effect of RSUs, RSAs & ESPP	206	67	144
Add: Contingently issuable shares(3)	93	26	0
Weighted Average Common Shares Outstanding	40,187	39,735	39,548
Diluted earnings per common share	$ 3.55	$ 1.08	$ 1.95
Antidilutive shares excluded from diluted earnings per common share	366	684	348

Earnings per Share - Computat_2

Earnings per Share - Computation of Basic and Diluted Earnings Per Share, Including Antidilutive Securities Excluded from Computation of Earnings Per Share (Parenthetical) (Detail)	12 Months Ended
	Dec. 31, 2021
Restricted Stock Awards [Member] \| 2013 Omnibus Equity Incentive Plan [Member]
Earnings Per Share, Basic and Diluted, by Common Class, Including Two Class Method [Line Items]
Vesting period	1 year

Commitments and Contingencies -

Commitments and Contingencies - Additional Information Credit Agreement (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Line of Credit Facility [Line Items]
Senior secured revolving credit facility maximum borrowing capacity	$ 60,000,000
Revolving credit facility maturity date	Jun. 1, 2022
Date the company entered into a credit Agreement	Jun. 18, 2014
Credit agreement amended and restated date	May 28, 2019
Credit agreement date	Nov. 27, 2019
Standby letters of credit borrowing capacity	$ 10,000,000
Standby letters of credit, utilized amount	$ 533,000
Credit facility interest rate description	The Credit Facility includes a $10.0 million sublimit for the issuance of standby letters of credit of which $533,000 was utilized at December 31, 2021. Borrowings under the Credit Facility will bear interest, at the Company’s option, at either (i) a fluctuating rate per annum 2.00% below the Base Rate (defined as the highest of (a) the Bank’s prime rate, (b) one-month LIBOR plus 1.50%, and (c) the federal funds rate plus 1.50%), or (ii) at a fixed rate per annum determined by Bank to be between 0.875% to 1.125% above LIBOR.
LIBOR rate duration period	1 month
Credit agreement, unused capacity, commitment fee percentage	0.10%
Interest expense	$ 580,000	$ 900,000	$ 1,388,000
Credit agreement, amount outstanding	$ 0
Credit facility covenants	(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 1.5:1.0 as of each quarter end, determined on a rolling four-quarter basis, and also limits investments in foreign entities and certain other loans.
Minimum EBITDAR coverage ratio	1.25%
Maximum Total Funded Debt to EBITDA ratio	1.5
Credit agreement, pledge percentage	100.00%
Compliance description	As of December 31, 2021, 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.
Fluctuating rate per annum	2.00%
LIBOR [Member]
Line of Credit Facility [Line Items]
Base spread on variable rate	1.50%
Federal Funds Rate [Member]
Line of Credit Facility [Line Items]
Base spread on variable rate	1.50%
Credit Agreement [Member]
Line of Credit Facility [Line Items]
Credit agreement date	Feb. 9, 2021
Interest expense	$ 87,000	$ 93,000	$ 94,000
Credit agreement, amount outstanding	$ 0
Minimum [Member] \| LIBOR [Member]
Line of Credit Facility [Line Items]
Base spread on variable rate	0.875%
Maximum [Member] \| LIBOR [Member]
Line of Credit Facility [Line Items]
Base spread on variable rate	1.125%

Commitments and Contingencies_2

Commitments and Contingencies - Additional Information Other (Detail)	Dec. 31, 2021USD ($)
Commitments and Contingencies Disclosure [Abstract]
Other commitment amount	$ 18,200,000
Guarantee obligation for loan	$ 0

Subsequent Events - Additional

Subsequent Events - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Millions	Feb. 16, 2022	Dec. 31, 2021
Mortgage Brokerage Business [Member]
Subsequent Event [Line Items]
Total consideration for business acquisitions and other commitments		$ 38.1
Payments for business acquisitions and other commitments		$ 29.2
Subsequent Event [Member]
Subsequent Event [Line Items]
Dividends Payable, Date to be Paid	Apr. 4, 2022
Dividends Payable	$ 52.1
Dividends Payable, Date of Record	Mar. 8, 2022
Dividend declaration date	Feb. 16, 2022
Subsequent Event [Member] \| Unvested Restricted Stock and Deferred Stock Units [Member] \| 2013 Plan [Member]
Subsequent Event [Line Items]
Dividends Payable	$ 2.5
Subsequent Event [Member] \| Semi Annual Regular Dividend [Member]
Subsequent Event [Line Items]
Dividends Payable, Amount Per Share	$ 0.25
Subsequent Event [Member] \| Special Dividend [Member]
Subsequent Event [Line Items]
Dividends Payable, Amount Per Share	$ 1