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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Revenue:      
Total revenue $ 266,001 $ 282,293 $ 212,626
Operating expenses:      
Selling, operating and administrative expenses 128,998 119,232 120,242
Marketing Funds expenses 64,402 72,299 0
Depreciation and amortization 26,106 21,792 20,121
Impairment charge - leased assets 7,902 0 0
Gain on reduction in tax receivable agreement liability 0 0 (6,145)
Total operating expenses 227,408 213,323 134,218
Operating income 38,593 68,970 78,408
Other expenses, net:      
Interest expense (9,223) (12,229) (12,051)
Interest income 340 1,446 676
Foreign currency transaction gains (losses) (2) 109 (312)
Total other expenses, net (8,885) (10,674) (11,687)
Income before provision for income taxes 29,708 58,296 66,721
Provision for income taxes (9,162) (10,982) (16,419)
Net income 20,546 47,314 50,302
Less: net income attributable to non-controlling interest 9,296 22,034 23,168
Net income attributable to RE/MAX Holdings, Inc. $ 11,250 $ 25,280 $ 27,134
Net income attributable to RE/MAX Holdings, Inc. per share of Class A common stock      
Basic $ 0.62 $ 1.42 $ 1.53
Diluted 0.61 1.41 1.53
Common Class A      
Net income attributable to RE/MAX Holdings, Inc. per share of Class A common stock      
Basic 0.62 1.42 1.53
Diluted $ 0.61 $ 1.41 $ 1.53
Weighted average shares of Class A common stock outstanding      
Basic 18,170,348 17,812,065 17,737,649
Diluted 18,324,246 17,867,752 17,767,499
Cash dividends declared per share of Class A common stock $ 0.88 $ 0.84 $ 0.80
Continuing franchise fees      
Revenue:      
Total revenue $ 90,217 $ 99,928 $ 101,104
Annual dues      
Revenue:      
Total revenue 35,075 35,409 35,894
Broker fees      
Revenue:      
Total revenue 50,028 45,990 46,871
Marketing Funds      
Revenue:      
Total revenue 64,402 72,299 0
Franchise sales and other revenue      
Revenue:      
Total revenue $ 26,279 $ 28,667 $ 28,757