XML 14 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenue:        
Continuing franchise fees $ 23,284 $ 19,846 $ 46,249 $ 38,753
Annual dues 8,320 8,046 16,556 15,950
Broker fees 12,555 10,384 20,789 17,585
Franchise sales and other franchise revenue 4,660 5,128 13,454 13,921
Brokerage revenue       112
Total revenue 48,819 43,404 97,048 86,321
Operating expenses:        
Selling, operating and administrative expenses 20,637 18,842 47,431 42,074
Depreciation and amortization 5,397 3,872 11,392 7,593
(Gain) loss on sale or disposition of assets, net (12) (11) (25) 96
Total operating expenses 26,022 22,703 58,798 49,763
Operating income 22,797 20,701 38,250 36,558
Other expenses, net:        
Interest expense (2,462) (2,091) (4,816) (4,372)
Interest income 25 35 50 86
Foreign currency transaction gains 39 20 16 184
Loss on early extinguishment of debt       (136)
Total other expenses, net (2,398) (2,036) (4,750) (4,238)
Income before provision for income taxes 20,399 18,665 33,500 32,320
Provision for income taxes (4,762) (4,285) (7,792) (7,544)
Net income 15,637 14,380 25,708 24,776
Less: net income attributable to non-controlling interest 8,108 7,419 13,266 12,875
Net income attributable to RE/MAX Holdings, Inc. $ 7,529 $ 6,961 $ 12,442 $ 11,901
Common Class A        
Net income attributable to RE/MAX Holdings, Inc. per share of Class A common stock        
Basic $ 0.43 $ 0.39 $ 0.70 $ 0.68
Diluted $ 0.42 $ 0.39 $ 0.70 $ 0.67
Weighted average shares of Class A common stock outstanding        
Basic 17,696,842 17,636,590 17,679,936 17,610,470
Diluted 17,723,802 17,668,995 17,720,564 17,653,433
Cash dividends declared per share of Class A common stock $ 0.18 $ 0.15 $ 0.36 $ 0.30