Company: MMI
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001578732-25-000040
Chunk: 90

Company: Marcus & Millichap, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 90
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ICHAP, INC. NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(Unaudited) 

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, by contractual maturity consisted of the following (in thousands, except weighted average data): June 30, 2025December 31, 2024Amortized CostFair ValueAmortized CostFair ValueDue in one year or less$136,518 $136,461 $189,667 $189,667 Due after one year through five years58,196 58,292 26,315 25,944 Due after five years through ten years12,665 12,541 11,246 10,716 Due after ten years39,414 39,373 14,805 14,487 $246,793 $246,667 $242,033 $240,814 Weighted average contractual maturity5.7 years2.3 years

Actual maturities may differ from contractual maturities because certain issuers have the right to prepay certain obligations with or without prepayment penalties. 

4.    Acquisitions, Goodwill and Other Intangible Assets 

Goodwill is recorded as part of the Company’s acquisitions and 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 amount of goodwill related to the contingent and deferred consideration to be determined once the cash payments are made to settle any contingent and deferred consideration. The goodwill resulting from acquisitions is allocated to the Company’s one reporting unit. Goodwill and intangible assets, net consisted of the following (in thousands): June 30, 2025December 31, 2024GrossCarryingAmountAccumulatedAmortization Net BookValueGrossCarryingAmountAccumulatedAmortization Net BookValueGoodwill and intangible assets:      Goodwill$37,898 $— $37,898 $37,597 $— $37,597 Intangible assets (1)19,424 (14,609)4,815 19,123 (13