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Acquisitions (Tables)
9 Months Ended
Sep. 30, 2018
Acquisitions and Dispositions  
Summary of Unaudited Pro Forma Information

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended September 30, 

 

Nine Months Ended September 30, 

 

    

2018

    

2017

    

2018

    

2017

 

 

(in thousands, except per share amounts)

Total revenue

 

$

54,866

 

$

52,144

 

$

163,051

 

$

154,241

Net income attributable to RE/MAX Holdings, Inc.

 

$

8,139

 

$

2,950

 

$

20,078

 

$

13,842

Basic earnings per common share

 

$

0.46

 

$

0.17

 

$

1.13

 

$

0.78

Diluted earnings per common share

 

$

0.46

 

$

0.17

 

$

1.13

 

$

0.78

 

Booj Llc  
Acquisitions and Dispositions  
Schedule of Estimated Fair Value Of Assets at Acquisition Date

However, the following table summarizes the Company’s best, current estimate of the allocation of the purchase price to the fair value of assets acquired and liabilities assumed (in thousands):

 

 

 

 

 

    

booj

Cash

 

$

362

Other current assets

 

 

367

Property and equipment

 

 

625

Software

 

 

7,400

Trademarks

 

 

500

Non-compete agreements

 

 

1,200

Customer relationships

 

 

800

Other intangible assets

 

 

1,589

Other assets, net of current portion

 

 

336

Total assets acquired, excluding goodwill

 

 

13,179

Current portion of debt

 

 

(606)

Other current liabilities

 

 

(557)

Debt, net of current portion

 

 

(805)

Total liabilities assumed

 

 

(1,968)

Goodwill

 

 

15,039

Total purchase price

 

$

26,250

 

Remax Of Northern Illinois Inc  
Acquisitions and Dispositions  
Summary of Final 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 RE/MAX of Northern Illinois (in thousands):

 

 

 

 

 

    

RE/MAX of
Northern
Illinois

Franchise agreements

 

$

22,800

Goodwill

 

 

12,920

Total purchase price

 

$

35,720