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Condensed Consolidated Statements of Income (Loss) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenue:        
Total revenue $ 90,997 $ 71,073 $ 240,538 $ 193,552
Operating expenses:        
Selling, operating and administrative expenses 51,099 28,216 133,591 88,241
Marketing Funds expenses 23,269 17,290 59,456 46,577
Depreciation and amortization 8,582 6,730 22,236 19,154
Settlement and impairment charges 45,623 7,902 45,623 7,902
Total operating expenses 128,573 60,138 260,906 161,874
Operating income (loss) (37,576) 10,935 (20,368) 31,678
Other expenses, net:        
Interest expense (3,315) (2,159) (7,537) (7,028)
Interest income 19 25 201 328
Foreign currency transaction gains (losses) (435) 94 (818) (75)
Loss on early extinguishment of debt (264)   (264)  
Total other expenses, net (3,995) (2,040) (8,418) (6,775)
Income (loss) before provision for income taxes (41,571) 8,895 (28,786) 24,903
Provision for income taxes (792) (2,057) (1,454) (6,584)
Net income (loss) (42,363) 6,838 (30,240) 18,319
Less: net income (loss) attributable to non-controlling interest (17,214) 3,221 (11,515) 8,436
Net income (loss) attributable to RE/MAX Holdings, Inc. $ (25,149) $ 3,617 $ (18,725) $ 9,883
Common Class A        
Net income (loss) attributable to RE/MAX Holdings, Inc. per share of Class A common stock        
Basic $ (1.34) $ 0.20 $ (1.00) $ 0.55
Diluted $ (1.34) $ 0.20 $ (1.00) $ 0.54
Weighted average shares of Class A common stock outstanding        
Basic 18,739,564 18,196,454 18,651,858 18,098,227
Diluted 18,739,564 18,368,051 18,651,858 18,182,856
Cash dividends declared per share of Class A common stock $ 0.23 $ 0.22 $ 0.69 $ 0.66
Continuing franchise fees        
Revenue:        
Total revenue $ 32,464 $ 24,339 $ 84,793 $ 65,220
Annual dues        
Revenue:        
Total revenue 8,967 8,638 26,508 26,304
Broker fees        
Revenue:        
Total revenue 19,245 15,457 48,651 35,327
Marketing Funds fees        
Revenue:        
Total revenue 23,269 17,290 59,456 46,577
Franchise sales and other revenue        
Revenue:        
Total revenue $ 7,052 $ 5,349 $ 21,130 $ 20,124