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Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenue:        
Total revenue $ 71,073 $ 71,541 $ 193,552 $ 214,100
Operating expenses:        
Selling, operating and administrative expenses 28,216 24,468 88,241 84,081
Marketing Funds expenses 17,290 18,034 46,577 54,866
Depreciation and amortization 6,850 5,595 19,572 16,694
Impairment charge - leased assets 7,902 0 7,902 0
Total operating expenses 60,258 48,097 162,292 155,641
Operating income 10,815 23,444 31,260 58,459
Other expenses, net:        
Interest expense (2,159) (3,089) (7,028) (9,398)
Interest income 25 412 328 1,074
Foreign currency transaction gains (losses) 94 (50) (75) 66
Total other expenses, net (2,040) (2,727) (6,775) (8,258)
Income before provision for income taxes 8,775 20,717 24,485 50,201
Provision for income taxes (2,051) (3,453) (6,547) (8,547)
Net income 6,724 17,264 17,938 41,654
Less: net income attributable to non-controlling interest (note 3) 3,171 8,091 8,265 19,502
Net income attributable to RE/MAX Holdings, Inc. $ 3,553 $ 9,173 $ 9,673 $ 22,152
Net income attributable to RE/MAX Holdings, Inc. per share of Class A common stock        
Basic $ 0.20 $ 0.51 $ 0.53 $ 1.24
Diluted 0.19 0.51 0.53 1.24
Common Class A        
Net income attributable to RE/MAX Holdings, Inc. per share of Class A common stock        
Basic 0.20 0.51 0.53 1.24
Diluted $ 0.19 $ 0.51 $ 0.53 $ 1.24
Weighted average shares of Class A common stock outstanding        
Basic 18,196,454 17,826,332 18,098,227 17,803,708
Diluted 18,368,051 17,840,158 18,182,856 17,830,942
Cash dividends declared per share of Class A common stock $ 0.22 $ 0.21 $ 0.66 $ 0.63
Continuing franchise fees        
Revenue:        
Total revenue $ 24,339 $ 25,168 $ 65,220 $ 75,018
Annual dues        
Revenue:        
Total revenue 8,638 8,835 26,304 26,508
Broker fees        
Revenue:        
Total revenue 15,457 13,292 35,327 35,339
Marketing Funds fees        
Revenue:        
Total revenue 17,290 18,034 46,577 54,866
Franchise sales and other revenue        
Revenue:        
Total revenue $ 5,349 $ 6,212 $ 20,124 $ 22,369