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Condensed Consolidated Statements of Income (Loss) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenue:        
Total revenue $ 82,447 $ 92,172 $ 167,848 $ 183,176
Operating expenses:        
Selling, operating and administrative expenses 40,212 40,781 89,327 88,612
Marketing Funds expenses 21,077 22,909 42,419 45,760
Depreciation and amortization 8,008 9,113 16,041 18,098
Settlement and impairment charges   2,460   6,195
Total operating expenses 69,297 75,263 147,787 158,665
Operating income (loss) 13,150 16,909 20,061 24,511
Other expenses, net:        
Interest expense (8,840) (4,032) (17,085) (7,683)
Interest income 1,141 159 2,145 178
Foreign currency transaction gains (losses) 215 (160) 258 20
Total other expenses, net (7,484) (4,033) (14,682) (7,485)
Income (loss) before provision for income taxes 5,666 12,876 5,379 17,026
Provision for income taxes (2,422) (2,601) (2,814) (3,806)
Net income (loss) 3,244 10,275 2,565 13,220
Less: net income (loss) attributable to non-controlling interest 1,234 4,446 1,226 5,940
Net income (loss) attributable to RE/MAX Holdings, Inc. $ 2,010 $ 5,829 $ 1,339 $ 7,280
Common Class A        
Net income (loss) attributable to RE/MAX Holdings, Inc. per share of Class A common stock        
Basic $ 0.11 $ 0.31 $ 0.07 $ 0.38
Diluted $ 0.11 $ 0.30 $ 0.07 $ 0.38
Weighted average shares of Class A common stock outstanding        
Basic 18,124,630 18,997,397 18,020,736 18,965,911
Diluted 18,387,669 19,153,349 18,152,256 19,182,477
Cash dividends declared per share of Class A common stock $ 0.23 $ 0.23 $ 0.46 $ 0.46
Continuing franchise fees        
Revenue:        
Total revenue $ 32,101 $ 34,128 $ 64,177 $ 67,627
Annual dues        
Revenue:        
Total revenue 8,587 9,016 17,205 17,936
Broker fees        
Revenue:        
Total revenue 14,321 19,317 25,213 34,402
Marketing Funds fees        
Revenue:        
Total revenue 21,077 22,909 42,419 45,760
Franchise sales and other revenue        
Revenue:        
Total revenue $ 6,361 $ 6,802 $ 18,834 $ 17,451