Acquisitions and Dispositions (Tables)

9 Months Ended

Sep. 30, 2022

Held for sale

Business Acquisition [Line Items]

Summary of assets and liabilities held for sale

	September 30,
	2022 (a)
Accounts and notes receivable, current portion, net of allowances	$	1,415
Other current assets		209
Property and equipment, net of accumulated depreciation		46
Operating lease right of use assets		209
Goodwill		7,100
Other intangible assets, net		2,672
Total assets held for sale	$	11,651
Accounts payable		597
Accrued liabilities		898
Deferred revenue and deposits		1,243
Current portion of lease liability		103
Lease liability, net of current portion		108
Other liabilities, net of current portion		569
Total liabilities held for sale	$	3,518

(a) Amounts are allocated to the Real Estate segment.

RE/MAX INTEGRA North America Region Asset Acquisition

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				Nine Months Ended
	September 30,				September 30,
	2022 (a)		2021		2022 (a)		2021
Total revenue	$	88,943	$	93,809	$	272,119	$	267,326
Net income (loss) attributable to RE/MAX Holdings, Inc.	$	140	$	(25,059)	$	7,420	$	(19,325)

Amounts agree to the Condensed Consolidated Statements of Income (Loss) for the three and nine months ended September 30, 2022, as it includes the actual results from the INTEGRA acquisition in both periods presented and are therefore not pro forma.