XML 14 R2.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 82,077 $ 82,623
Restricted cash 45,359 43,140
Accounts and notes receivable, current portion, net of allowances 33,182 33,427
Income taxes receivable 2,015 1,706
Other current assets 13,100 15,669
Total current assets 175,733 176,565
Property and equipment, net of accumulated depreciation 8,936 8,633
Operating lease right of use assets 21,710 23,013
Franchise agreements, net 95,841 101,516
Other intangible assets, net 18,126 19,176
Goodwill 239,930 241,164
Other assets, net of current portion 6,446 7,083
Total assets 566,722 577,150
Current liabilities:    
Accounts payable 3,074 4,700
Accrued liabilities 104,385 107,434
Income taxes payable 1,286 766
Deferred revenue 23,214 23,077
Current portion of debt 4,600 4,600
Current portion of payable pursuant to tax receivable agreements 285 822
Operating lease liabilities 8,028 7,920
Total current liabilities 144,872 149,319
Debt, net of current portion 439,044 439,980
Deferred tax liabilities 10,499 10,797
Deferred revenue, net of current portion 16,911 17,607
Operating lease liabilities, net of current portion 29,358 31,479
Other liabilities, net of current portion 3,891 4,029
Total liabilities 644,575 653,211
Commitments and contingencies
Stockholders' equity (deficit):    
Additional paid-in capital 556,285 550,637
Accumulated deficit (144,155) (140,217)
Accumulated other comprehensive income (deficit), net of tax (105) 638
Total stockholders' equity attributable to RE/MAX Holdings, Inc. 412,027 411,060
Non-controlling interest (489,880) (487,121)
Total stockholders' equity (deficit) (77,853) (76,061)
Total liabilities and stockholders' equity (deficit) 566,722 577,150
Common Class A    
Stockholders' equity (deficit):    
Common stock 2 2
Common Class B    
Stockholders' equity (deficit):    
Common stock