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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenue:      
Total revenue $ 282,293 $ 212,626 $ 193,714
Operating expenses:      
Selling, operating and administrative expenses 118,890 120,179 106,946
Marketing Funds expenses 72,299 0 0
Depreciation and amortization 22,323 20,678 20,512
Loss on sale or disposition of assets, net 342 63 660
Gain on reduction in tax receivable agreement liability (note 4) 0 (6,145) (32,736)
Total operating expenses 213,854 134,775 95,382
Operating income 68,439 77,851 98,332
Other expenses, net:      
Interest expense (12,229) (12,051) (9,996)
Interest income 1,446 676 352
Foreign currency transaction gains (losses) 109 (312) 174
Total other expenses, net (10,674) (11,687) (9,470)
Income before provision for income taxes 57,765 66,164 88,862
Provision for income taxes (10,909) (16,342) (57,542)
Net income 46,856 49,822 31,320
Less: net income attributable to non-controlling interest (note 4) 21,816 22,939 21,221
Net income attributable to RE/MAX Holdings, Inc. $ 25,040 $ 26,883 $ 10,099
Common Class A      
Net income attributable to RE/MAX Holdings, Inc. per share of Class A common stock      
Basic $ 1.41 $ 1.52 $ 0.57
Diluted $ 1.40 $ 1.51 $ 0.57
Weighted average shares of Class A common stock outstanding      
Basic 17,812,065 17,737,649 17,688,533
Diluted 17,867,752 17,767,499 17,731,800
Cash dividends declared per share of Class A common stock $ 0.84 $ 0.80 $ 0.72
Continuing franchise fees      
Revenue:      
Total revenue $ 99,928 $ 101,104 $ 93,694
Annual dues      
Revenue:      
Total revenue 35,409 35,894 33,767
Broker fees      
Revenue:      
Total revenue 45,990 46,871 43,801
Marketing Funds fees      
Revenue:      
Total revenue 72,299 0 0
Franchise sales and other revenue      
Revenue:      
Total revenue $ 28,667 $ 28,757 $ 22,452