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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenue:        
Continuing franchise fees $ 23,049 $ 20,938 $ 69,298 $ 59,691
Annual dues 8,592 8,321 25,148 24,271
Broker fees 12,125 10,517 32,914 28,102
Franchise sales and other franchise revenue 5,611 5,783 19,065 19,704
Brokerage revenue       112
Total revenue 49,377 45,559 146,425 131,880
Operating expenses:        
Selling, operating and administrative expenses 31,832 20,539 79,263 62,866
Depreciation and amortization 4,286 3,889 15,678 11,482
Loss (gain) on sale or disposition of assets, net 451 (11) 426 85
Total operating expenses 36,569 24,417 95,367 74,433
Operating income 12,808 21,142 51,058 57,447
Other expenses, net:        
Interest expense (2,598) (2,121) (7,414) (6,493)
Interest income 145 32 195 118
Foreign currency transaction gains (losses) 273 (115) 289 69
Loss on early extinguishment of debt       (136)
Total other expenses, net (2,180) (2,204) (6,930) (6,442)
Income before provision for income taxes 10,628 18,938 44,128 51,005
Provision for income taxes (3,091) (4,632) (10,883) (12,176)
Net income 7,537 14,306 33,245 38,829
Less: net income attributable to non-controlling interest (note 3) 3,702 7,520 16,968 20,290
Net income attributable to RE/MAX Holdings, Inc. $ 3,835 $ 6,786 $ 16,277 $ 18,539
Weighted average shares of Class A common stock outstanding        
Cash dividends declared per share of Class A common stock     $ 0.54 $ 0.45
Common Class A        
Net income attributable to RE/MAX Holdings, Inc. per share of Class A common stock        
Basic $ 0.22 $ 0.38 0.92 1.05
Diluted $ 0.22 $ 0.38 $ 0.92 $ 1.05
Weighted average shares of Class A common stock outstanding        
Basic 17,696,991 17,645,696 17,685,683 17,622,298
Diluted 17,737,786 17,691,641 17,726,447 17,666,740
Cash dividends declared per share of Class A common stock $ 0.18 $ 0.15 $ 0.54 $ 0.45