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Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenue:        
Total revenue $ 54,866 $ 49,071 $ 161,785 $ 145,204
Operating expenses:        
Selling, operating and administrative expenses 27,461 31,843 90,136 79,167
Depreciation and amortization 5,608 4,286 15,252 15,678
(Gain) loss on sale or disposition of assets, net (10) 451 (41) 426
Total operating expenses 33,059 36,580 105,347 95,271
Operating income 21,807 12,491 56,438 49,933
Other expenses, net:        
Interest expense (3,050) (2,598) (8,945) (7,414)
Interest income 180 145 397 195
Foreign currency transaction gains (losses) 24 273 (162) 289
Total other expenses, net (2,846) (2,180) (8,710) (6,930)
Income before provision for income taxes 18,961 10,311 47,728 43,003
Provision for income taxes (3,420) (3,021) (8,429) (10,786)
Net income 15,541 7,290 39,299 32,217
Less: net income attributable to non-controlling interest (note 4) 7,402 3,573 18,529 16,502
Net income attributable to RE/MAX Holdings, Inc. $ 8,139 $ 3,717 $ 20,770 $ 15,715
Net income attributable to RE/MAX Holdings, Inc. per share of Class A common stock        
Basic $ 0.46 $ 0.21 $ 1.17 $ 0.89
Diluted 0.46 0.21 1.17 0.89
Weighted average shares of Class A common stock outstanding        
Cash dividends declared per share of Class A common stock     0.60 0.54
Common Class A        
Net income attributable to RE/MAX Holdings, Inc. per share of Class A common stock        
Basic 0.46 0.21 1.17 0.89
Diluted $ 0.46 $ 0.21 $ 1.17 $ 0.89
Weighted average shares of Class A common stock outstanding        
Basic 17,746,184 17,696,991 17,733,910 17,685,683
Diluted 17,771,212 17,737,786 17,767,638 17,726,447
Cash dividends declared per share of Class A common stock $ 0.20 $ 0.18 $ 0.60 $ 0.54
Continuing franchise fees        
Revenue:        
Total revenue $ 25,495 $ 23,049 $ 75,946 $ 69,298
Annual dues        
Revenue:        
Total revenue 9,106 8,592 26,775 25,148
Broker fees        
Revenue:        
Total revenue 13,488 12,125 36,669 32,914
Franchise sales and other revenue        
Revenue:        
Total revenue $ 6,777 $ 5,305 $ 22,395 $ 17,844