Acquisitions and Dispositions (Tables)

9 Months Ended

Sep. 30, 2017

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 and liabilities assumed 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		30,700		29,700		-		529		5,000		65,929
Non-compete agreement		-		-		2,500		-		-		2,500
Other assets		-		-		-		-		340		340
Goodwill		19,700		15,300		11,800		971		3,029		50,800
Other liabilities		-		(335)		-		-		-		(335)
Total purchase price	$	50,400	$	45,000	$	14,300	$	1,500	$	8,500	$	119,700

Summary of Unaudited Pro Forma Information

This unaudited pro forma information should not be relied upon as necessarily being indicative of the historical results that would have been obtained if the acquisitions had actually occurred on that date, nor of the results that may be obtained in the future (in thousands, except per share information).


	Three Months Ended		Nine Months Ended
	September 30, 2016		September 30, 2016
Total revenue	$	48,781	$	141,073
Net income attributable to RE/MAX Holdings, Inc. (a)	$	7,090	$	18,165
Basic earnings per common share	$	0.40	$	1.03
Diluted earnings per common share	$	0.40	$	1.03

(a)

Nine months ended September 30, 2016 includes the net impact of $1,000,000 in professional fees and debt extinguishment costs incurred related to the amendment of the Company’s credit facility. See Note 8, Debt for a discussion of the credit facility.

Full House Mortgage Connection, Inc.

Business Acquisition [Line Items]

Consideration Transferred

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


Cash consideration	$	8,000
Contingent purchase consideration (See note 9)		6,300
Total purchase price	$	14,300