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Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenue:        
Total revenue $ 77,246 $ 52,207 $ 149,541 $ 122,479
Operating expenses:        
Selling, operating and administrative expenses 38,816 25,348 82,492 60,025
Marketing Funds expenses 18,042 11,765 36,187 29,287
Depreciation and amortization 6,978 6,412 13,915 12,722
Total operating expenses 63,836 43,525 132,594 102,034
Operating income 13,410 8,682 16,947 20,445
Other expenses, net:        
Interest expense (2,124) (2,187) (4,222) (4,869)
Interest income 19 34 182 303
Foreign currency transaction gains (losses) (363) 101 (383) (169)
Total other expenses, net (2,468) (2,052) (4,423) (4,735)
Income before provision for income taxes 10,942 6,630 12,524 15,710
(Provision) benefit for income taxes (696) (706) (638) (4,496)
Net income 10,246 5,924 11,886 11,214
Less: net income attributable to non-controlling interest 5,045 2,435 5,593 5,094
Net income attributable to RE/MAX Holdings, Inc. $ 5,201 $ 3,489 $ 6,293 $ 6,120
Common Class A        
Net income attributable to RE/MAX Holdings, Inc. per share of Class A common stock        
Basic $ 0.28 $ 0.19 $ 0.34 $ 0.34
Diluted $ 0.27 $ 0.19 $ 0.33 $ 0.34
Weighted average shares of Class A common stock outstanding        
Basic 18,719,477 18,123,963 18,608,005 18,049,114
Diluted 18,941,343 18,146,886 18,904,036 18,090,259
Cash dividends declared per share of Class A common stock $ 0.23 $ 0.22 $ 0.46 $ 0.44
Continuing franchise fees        
Revenue:        
Total revenue $ 26,955 $ 16,738 $ 52,329 $ 40,881
Annual dues        
Revenue:        
Total revenue 8,869 8,745 17,541 17,666
Broker fees        
Revenue:        
Total revenue 17,453 10,426 29,406 19,870
Marketing Funds fees        
Revenue:        
Total revenue 18,042 11,765 36,187 29,287
Franchise sales and other revenue        
Revenue:        
Total revenue $ 5,927 $ 4,533 $ 14,078 $ 14,775