XML 14 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenue:        
Continuing franchise fees $ 20,938 $ 18,905 $ 59,691 $ 54,833
Annual dues 8,321 8,010 24,271 23,687
Broker fees 10,517 9,321 28,102 24,988
Franchise sales and other franchise revenue 5,783 5,624 19,704 19,535
Brokerage revenue   3,250 112 10,551
Total revenue 45,559 45,110 131,880 133,594
Operating expenses:        
Selling, operating and administrative expenses 20,325 20,724 62,399 65,525
Depreciation and amortization 3,889 3,765 11,482 11,384
(Gain) loss on sale or disposition of assets, net (11) 9 85 (606)
Total operating expenses 24,203 24,498 73,966 76,303
Operating income 21,356 20,612 57,914 57,291
Other expenses, net:        
Interest expense (2,121) (2,338) (6,493) (7,448)
Interest income 32 36 118 136
Foreign currency transaction gains (losses) (115) (201) 69 (1,585)
Loss on early extinguishment of debt     (136) (94)
Equity in earnings of investees   361   963
Total other expenses, net (2,204) (2,142) (6,442) (8,028)
Income before provision for income taxes 19,152 18,470 51,472 49,263
Provision for income taxes (4,632) (3,277) (12,176) (8,882)
Net income 14,520 15,193 39,296 40,381
Less: net income attributable to non-controlling interest 7,609 10,396 20,484 27,907
Net income attributable to RE/MAX Holdings, Inc. $ 6,911 $ 4,797 $ 18,812 $ 12,474
Net income attributable to RE/MAX Holdings, Inc. per share of Class A common stock        
Basic $ 0.39 $ 0.39 $ 1.07 $ 1.03
Diluted $ 0.39 $ 0.39 $ 1.06 $ 1.01
Weighted average shares of Class A common stock outstanding        
Basic 17,645,696 12,333,690 17,622,298 12,127,548
Diluted 17,691,641 12,420,748 17,666,740 12,315,663
Class A common stock        
Net income attributable to RE/MAX Holdings, Inc. per share of Class A common stock        
Basic $ 0.39 $ 0.39 $ 1.07 $ 1.03
Diluted $ 0.39 $ 0.39 $ 1.06 $ 1.01
Weighted average shares of Class A common stock outstanding        
Basic 17,645,696 12,333,690 17,622,298 12,127,548
Diluted 17,691,641 12,420,748 17,666,740 12,315,663
Cash dividends declared per share of Class A common stock $ 0.1500 $ 0.1250 $ 0.4500 $ 1.8750