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Condensed Consolidated Statements of Income (Loss) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenue:        
Total revenue $ 78,453 $ 82,447 $ 156,740 $ 167,848
Operating expenses:        
Selling, operating and administrative expenses 34,851 40,212 80,556 89,327
Marketing Funds expenses 20,027 21,077 40,233 42,419
Depreciation and amortization 7,400 8,008 15,252 16,041
Total operating expenses 62,278 69,297 136,041 147,787
Operating income (loss) 16,175 13,150 20,699 20,061
Other expenses, net:        
Interest expense (9,191) (8,840) (18,447) (17,085)
Interest income 949 1,141 1,950 2,145
Foreign currency transaction gains (losses) (270) 215 (642) 258
Total other expenses, net (8,512) (7,484) (17,139) (14,682)
Income (loss) before provision for income taxes 7,663 5,666 3,560 5,379
Provision for income taxes (1,473) (2,422) (2,977) (2,814)
Net income (loss) 6,190 3,244 583 2,565
Less: net income (loss) attributable to non-controlling interest 2,485 1,234 231 1,226
Net income (loss) attributable to RE/MAX Holdings, Inc. $ 3,705 $ 2,010 $ 352 $ 1,339
Common Class A        
Net income (loss) attributable to RE/MAX Holdings, Inc. per share of Class A common stock        
Basic $ 0.20 $ 0.11 $ 0.02 $ 0.07
Diluted $ 0.19 $ 0.11 $ 0.02 $ 0.07
Weighted average shares of Class A common stock outstanding        
Basic 18,853,929 18,124,630 18,667,889 18,020,736
Diluted 19,003,962 18,387,669 18,853,020 18,152,256
Cash dividends declared per share of Class A common stock   $ 0.23   $ 0.46
Continuing franchise fees        
Revenue:        
Total revenue $ 30,340 $ 32,101 $ 61,425 $ 64,177
Annual dues        
Revenue:        
Total revenue 8,151 8,587 16,376 17,205
Broker fees        
Revenue:        
Total revenue 14,528 14,321 25,244 25,213
Marketing Funds fees        
Revenue:        
Total revenue 20,027 21,077 40,233 42,419
Franchise sales and other revenue        
Revenue:        
Total revenue $ 5,407 $ 6,361 $ 13,462 $ 18,834