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Acquisitions and Dispositions (Tables)
 12 Months Ended
Dec. 31, 2016
Business Acquisition Pro Forma Information [Line Items]  
Summary of Estimated Fair Value of Assets at Acquisition Date

The following table summarizes the allocation of the purchase price to the fair value of assets acquired for the aforementioned acquisitions (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RE/MAX Regional Services

 

 

RE/MAX of New Jersey

 

 

Full House

 

 

RE/MAX of Alaska

 

 

RE/MAX of New York

 

 

Total

Cash and cash equivalents

 

$

 -

 

$
335

 

$

 -

 

$

 -

 

$
131

 

$
466

Franchise agreements

 

 
28,000

 

 
28,200

 

 

 -

 

 
529

 

 
5,000

 

 
61,729

Non-compete agreement

 

 

 -

 

 

 -

 

 
2,500

 

 

 -

 

 

 -

 

 
2,500

Other assets

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 
340

 

 
340

Goodwill

 

 
22,400

 

 
16,465

 

 
11,800

 

 
971

 

 
3,029

 

 
54,665

Total purchase price

 

$
50,400

 

$
45,000

 

$
14,300

 

$
1,500

 

$
8,500

 

$
119,700

Acquisition-related costs(a)

 

$
495

 

$
458

 

$
130

 

$
15

 

$
141

 

$
1,239

Revenue since acquisition date(b)

 

$
265

 

$
424

 

$
3

 

$
182

 

$
1,867

 

$
2,741

(a)

Includes acquisition-related costs such as legal, accounting and advisory fees as well as consulting fees for integration services for the year ended December 31, 2016 that are included in “Selling, operating and administrative expenses” in the accompanying Consolidated Statements of Income.  

(b)

Includes the amount of revenue of the acquiree since the acquisition date through the year ended December 31, 2016 that are included in the accompanying Consolidated Statements of Income.
Summary of Unaudited Pro Forma Information

 

 

 

 

 

 

 

Year Ended December 31,

 

2016

    

2015

 

(In thousands, except per share amounts)

Total revenue

$
188,352

 

$
189,397

Net income attributable to RE/MAX Holdings, Inc.

$
23,735

 

$
16,825

Basic earnings per common share

$
1.35

 

$
1.33

Diluted earnings per common share

$
1.34

 

$
1.31

 

Full House Mortgage Connection, Inc.  
Business Acquisition Pro Forma Information [Line Items]  
Estimated Consideration Transferred

The following table summarizes the estimated consideration transferred at the acquisition (in thousands):

 

 

 

Cash consideration

$
8,000

Contingent purchase consideration

 
6,300

Total purchase price

$
14,300