Acquisitions (Tables) - RE/MAX INTEGRA North America Region Asset Acquisition

6 Months Ended

Jun. 30, 2022

Business Acquisition [Line Items]

Summary of the allocation of the purchase price to the fair value of assets acquired and liabilities assumed

The following table summarizes the allocation of the purchase price (net of settlement loss) to the fair value of assets acquired and liabilities assumed for the acquisition (in thousands):

Cash and cash equivalents and restricted cash	$	14,098
Accounts and notes receivable, net		6,610
Income taxes receivable		494
Other current assets		502
Property and equipment		63
Franchise agreements (a)		92,250
Other intangible assets, net (a)		9,200
Other assets, net of current portion		2,174
Goodwill (b)		108,606
Accounts payable		(3,461)
Accrued liabilities		(14,045)
Income taxes payable		(3,107)
Deferred revenue		(824)
Deferred tax liabilities, net		(16,260)
Other liabilities, net of current portion		(2,200)
Total purchase price allocated to assets and liabilities		194,100
Loss on contract settlement		40,900
Total consideration	$	235,000

(a) The Company expects to amortize the acquired Franchise agreements over a weighted average useful life of approximately 13 years and the non-compete agreements included in Other intangible assets, net over a useful life of 5 years using the straight-line method.

(b) The Company expects 50% of the goodwill in Canada but none in the U.S. to be deductible for tax purposes.

Summary of Unaudited Pro Forma Information

The pro forma information presented below is for illustrative purposes only and should not be relied upon as necessarily being indicative of the historical results that would have been obtained if the acquisitions had actually occurred on that date, nor of the results that may be obtained in the future (in thousands).

	Three Months Ended				Six Months Ended
	June 30				June 30
	2022		2021		2022		2021
Total revenue	$	92,172	$	89,296	$	183,176	$	173,517
Net income (loss) attributable to RE/MAX Holdings, Inc.	$	5,829	$	4,262	$	7,280	$	5,734