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Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenue:        
Total revenue $ 92,172 $ 77,246 $ 183,176 $ 149,541
Operating expenses:        
Selling, operating and administrative expenses 40,781 38,816 88,612 82,492
Marketing Funds expenses 22,909 18,042 45,760 36,187
Depreciation and amortization 9,113 6,846 18,098 13,654
Settlement and impairment charges 2,460   6,195  
Total operating expenses 75,263 63,704 158,665 132,333
Operating income (loss) 16,909 13,542 24,511 17,208
Other expenses, net:        
Interest expense (4,032) (2,124) (7,683) (4,222)
Interest income 159 19 178 182
Foreign currency transaction gains (losses) (160) (363) 20 (383)
Total other expenses, net (4,033) (2,468) (7,485) (4,423)
Income (loss) before provision for income taxes 12,876 11,074 17,026 12,785
Provision for income taxes (2,601) (714) (3,806) (662)
Net income (loss) 10,275 10,360 13,220 12,123
Less: net income (loss) attributable to non-controlling interest 4,446 5,099 5,940 5,699
Net income (loss) attributable to RE/MAX Holdings, Inc. $ 5,829 $ 5,261 $ 7,280 $ 6,424
Common Class A        
Net income (loss) attributable to RE/MAX Holdings, Inc. per share of Class A common stock        
Basic $ 0.31 $ 0.28 $ 0.38 $ 0.35
Diluted $ 0.30 $ 0.28 $ 0.38 $ 0.34
Weighted average shares of Class A common stock outstanding        
Basic 18,997,397 18,719,477 18,965,911 18,608,005
Diluted 19,153,349 18,941,343 19,182,477 18,904,036
Cash dividends declared per share of Class A common stock $ 0.23 $ 0.23 $ 0.46 $ 0.46
Continuing franchise fees        
Revenue:        
Total revenue $ 34,128 $ 26,955 $ 67,627 $ 52,329
Annual dues        
Revenue:        
Total revenue 9,016 8,869 17,936 17,541
Broker fees        
Revenue:        
Total revenue 19,317 17,453 34,402 29,406
Marketing Funds fees        
Revenue:        
Total revenue 22,909 18,042 45,760 36,187
Franchise sales and other revenue        
Revenue:        
Total revenue $ 6,802 $ 5,927 $ 17,451 $ 14,078