$RMAX
Re/Max Holdings Inc

2020 Q3 Form 10-Q Financial Statement

#000155837020012924 Filed on November 05, 2020

View on sec.gov

Income Statement

Concept 2020 Q3 2019 Q3
Revenue $71.07M $71.54M
YoY Change -0.65% 30.39%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $28.22M $24.47M
YoY Change 15.32% -10.9%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $6.730M $5.595M
YoY Change 20.29% -0.23%
% of Gross Profit
Operating Expenses $60.14M $48.10M
YoY Change 25.03% 45.49%
Operating Profit $10.94M $23.44M
YoY Change -53.36% 7.51%
Interest Expense $2.159M $3.089M
YoY Change -30.11% 1.28%
% of Operating Profit 19.74% 13.18%
Other Income/Expense, Net -$2.040M -$2.727M
YoY Change -25.19% -4.18%
Pretax Income $8.895M $20.72M
YoY Change -57.06% 9.26%
Income Tax $2.057M $3.453M
% Of Pretax Income 23.13% 16.67%
Net Earnings $3.617M $9.173M
YoY Change -60.57% 13.26%
Net Earnings / Revenue 5.09% 12.82%
Basic Earnings Per Share $0.20 $0.51
Diluted Earnings Per Share $0.19 $0.51
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2020 Q3 2019 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $89.10M $87.80M
YoY Change 1.48% 71.15%
Cash & Equivalents $89.14M $87.76M
Short-Term Investments
Other Short-Term Assets $12.48M $12.17M
YoY Change 2.62% 129.53%
Inventory
Prepaid Expenses
Receivables $30.00M $30.70M
Other Receivables $700.0K $1.500M
Total Short-Term Assets $148.0M $151.3M
YoY Change -2.18% 91.73%
LONG-TERM ASSETS
Property, Plant & Equipment $6.016M $5.462M
YoY Change 10.14% 51.72%
Goodwill $176.3M $150.8M
YoY Change 16.93%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $14.54M $5.506M
YoY Change 163.98% -91.37%
Total Long-Term Assets $395.3M $380.5M
YoY Change 3.91% 9.58%
TOTAL ASSETS
Total Short-Term Assets $148.0M $151.3M
Total Long-Term Assets $395.3M $380.5M
Total Assets $543.3M $531.7M
YoY Change 2.18% 24.79%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.727M $3.428M
YoY Change 67.07% -35.32%
Accrued Expenses $52.07M $51.13M
YoY Change 1.85% 312.33%
Deferred Revenue $23.15M $25.00M
YoY Change -7.4%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $2.489M $2.645M
YoY Change -5.9% -2.04%
Total Short-Term Liabilities $102.7M $90.88M
YoY Change 13.03% 98.42%
LONG-TERM LIABILITIES
Long-Term Debt $221.6M $223.6M
YoY Change -0.88% -0.99%
Other Long-Term Liabilities $5.408M $6.077M
YoY Change -11.01% -92.62%
Total Long-Term Liabilities $227.0M $229.6M
YoY Change -1.15% -25.47%
TOTAL LIABILITIES
Total Short-Term Liabilities $102.7M $90.88M
Total Long-Term Liabilities $227.0M $229.6M
Total Liabilities $431.1M $431.3M
YoY Change -0.04% -966.11%
SHAREHOLDERS EQUITY
Retained Earnings $27.95M $31.99M
YoY Change -12.63%
Common Stock $485.7M $462.2M
YoY Change 5.07%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $514.1M $494.6M
YoY Change
Total Liabilities & Shareholders Equity $543.3M $531.7M
YoY Change 2.18% 24.79%

Cashflow Statement

Concept 2020 Q3 2019 Q3
OPERATING ACTIVITIES
Net Income $3.617M $9.173M
YoY Change -60.57% 13.26%
Depreciation, Depletion And Amortization $6.730M $5.595M
YoY Change 20.29% -0.23%
Cash From Operating Activities $27.15M $22.21M
YoY Change 22.24% -3.81%
INVESTING ACTIVITIES
Capital Expenditures -$1.480M -$2.710M
YoY Change -45.39% -30.15%
Acquisitions
YoY Change
Other Investing Activities -$10.63M $0.00
YoY Change
Cash From Investing Activities -$12.10M -$2.720M
YoY Change 344.85% -29.72%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -9.650M -8.690M
YoY Change 11.05% 11.27%
NET CHANGE
Cash From Operating Activities 27.15M 22.21M
Cash From Investing Activities -12.10M -2.720M
Cash From Financing Activities -9.650M -8.690M
Net Change In Cash 5.400M 10.80M
YoY Change -50.0% -5.35%
FREE CASH FLOW
Cash From Operating Activities $27.15M $22.21M
Capital Expenditures -$1.480M -$2.710M
Free Cash Flow $28.63M $24.92M
YoY Change 14.89% -7.6%

Facts In Submission

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RE/MAX Holdings, Inc.
dei Entity Incorporation State Country Code
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dei Entity Tax Identification Number
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5075 South Syracuse Street
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dei Security12b Title
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Class A Common Stock, $0.0001 par value per share
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CY2020Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2812000
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CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2020Q3 us-gaap Profit Loss
ProfitLoss
6724000
CY2020Q3 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
5000000
CY2020Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
3413000
CY2020Q3 us-gaap Dividends Common Stock Cash
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3988000
CY2020Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2020Q3 rmax Adjustments To Additional Paid In Capital Acquisitions
AdjustmentsToAdditionalPaidInCapitalAcquisitions
8800000
CY2020Q3 us-gaap Stockholders Equity Other
StockholdersEquityOther
-1000
CY2020Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
112177000
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
79275000
CY2019Q1 us-gaap Profit Loss
ProfitLoss
8257000
CY2019Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
2693000
CY2019Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
3171000
CY2019Q1 us-gaap Dividends Common Stock Cash
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3740000
CY2019Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
69000
CY2019Q1 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
713000
CY2019Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
83626000
CY2019Q2 us-gaap Profit Loss
ProfitLoss
16133000
CY2019Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
4613000
CY2019Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
181000
CY2019Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
3739000
CY2019Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
65000
CY2019Q2 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
18000
CY2019Q2 us-gaap Adjustments To Additional Paid In Capital Other
AdjustmentsToAdditionalPaidInCapitalOther
290000
CY2019Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
91925000
CY2019Q3 us-gaap Profit Loss
ProfitLoss
17264000
CY2019Q3 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
4154000
CY2019Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
-919000
CY2019Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
3745000
CY2019Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-39000
CY2019Q3 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
105000
CY2019Q3 us-gaap Adjustments To Additional Paid In Capital Other
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183000
CY2019Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
100410000
us-gaap Profit Loss
ProfitLoss
17938000
us-gaap Profit Loss
ProfitLoss
41654000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
19572000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
16694000
us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
7902000
us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
0
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
4024000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
3420000
us-gaap Share Based Compensation
ShareBasedCompensation
8347000
us-gaap Share Based Compensation
ShareBasedCompensation
4860000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
1889000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
55187000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
3630000
us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
-105000
us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
330000
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-209000
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-1193000
us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
16305000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
12250000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
11298000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
2268000
us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
16594000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
43471000
us-gaap Cash Acquired From Acquisition
CashAcquiredFromAcquisition
867000
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
10627000
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
836000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-27070000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-25558000
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-30000
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
76000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1169000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
46907000
rmax Restricted Cash Acquired From Marketing Funds Acquisition
RestrictedCashAcquiredFromMarketingFundsAcquisition
0
rmax Restricted Cash Acquired From Marketing Funds Acquisition
RestrictedCashAcquiredFromMarketingFundsAcquisition
28495000
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
0
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
1200000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-15202000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
17202000
us-gaap Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
1986000
us-gaap Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
1964000
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
10566000
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
11460000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
103601000
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
59974000
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
104770000
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
106881000
us-gaap Interest Paid Net
InterestPaidNet
6638000
us-gaap Interest Paid Net
InterestPaidNet
9004000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
3963000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
6032000
rmax Payments For Tax Receivable Agreement
PaymentsForTaxReceivableAgreement
0
rmax Payments For Tax Receivable Agreement
PaymentsForTaxReceivableAgreement
2854000
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
4575000
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
10093000
us-gaap Stock Issued1
StockIssued1
8800000
us-gaap Stock Issued1
StockIssued1
0
rmax Majority And Minority Ownership Percentage
MajorityAndMinorityOwnershipPercentage
1.000
us-gaap Use Of Estimates
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<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:12pt 0pt 6pt 0pt;"><span style="font-style:italic;font-weight:bold;">Use of </span><span style="font-style:italic;font-weight:bold;">Estimates</span><span style="font-style:italic;font-weight:bold;"> </span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;">The preparation of the accompanying condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.</p>
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
71073000
CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
71541000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
193552000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
71541000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
193552000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
214100000
CY2020Q3 rmax Franchisees Office Leases Recognized Number
FranchiseesOfficeLeasesRecognizedNumber
0
rmax Number Of Sublease Agreements
NumberOfSubleaseAgreements
4
us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
7900000
us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:12pt 0pt 6pt 0pt;"><span style="font-style:italic;font-weight:bold;">New Accounting Pronouncements Not Yet Adopted</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt 0pt 6pt 0pt;">In March 2020, the FASB issued ASU 2020-04, <i style="font-style:italic;">Reference Rate Reform (Topic 848)</i>, which contains temporary optional expedients and exceptions to the guidance in U.S. GAAP on contract modifications and hedge accounting to ease the financial reporting burdens related to the expected market transition from the London Interbank Offered Rate (“LIBOR”) to alternative reference rates, such as the Secured Overnight Financing Rate (“SOFR”). The new guidance is effective upon issuance and may be adopted on any date on or after March 12, 2020. The relief is temporary and only available until December 31, 2022, when the reference rate replacement activity is expected to have completed. The Company believes the amendments of ASU 2020-04 will not have a significant impact on the Company’s consolidated financial statements and related disclosures as the Company does not currently engage in interest rate hedging of its LIBOR based debt, nor does it believe it has any material contracts tied to LIBOR other than its Senior Secured Credit Agreement, as defined in Note 8, <i style="font-style:italic;">Debt</i>.</p>
CY2020Q3 rmax Weighted Average Ownership Percentage Of Noncontrolling Interest
WeightedAverageOwnershipPercentageOfNoncontrollingInterest
0.408
CY2020Q3 rmax Majority And Minority Ownership Percentage
MajorityAndMinorityOwnershipPercentage
1.000
CY2019Q3 rmax Weighted Average Ownership Percentage Of Noncontrolling Interest
WeightedAverageOwnershipPercentageOfNoncontrollingInterest
0.413
CY2019Q3 rmax Majority And Minority Ownership Percentage
MajorityAndMinorityOwnershipPercentage
1.000
CY2020Q3 rmax Income Loss Before Provision For Income Taxes Portion Attributable To Noncontrolling Interest
IncomeLossBeforeProvisionForIncomeTaxesPortionAttributableToNoncontrollingInterest
3633000
CY2020Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
8775000
CY2019Q3 rmax Income Loss Before Provision For Income Taxes Portion Attributable To Noncontrolling Interest
IncomeLossBeforeProvisionForIncomeTaxesPortionAttributableToNoncontrollingInterest
8565000
CY2019Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
20717000
CY2020Q3 rmax Provision For Income Taxes Portion Attributable To Noncontrolling Interest
ProvisionForIncomeTaxesPortionAttributableToNoncontrollingInterest
462000
CY2020Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2051000
CY2019Q3 rmax Provision For Income Taxes Portion Attributable To Noncontrolling Interest
ProvisionForIncomeTaxesPortionAttributableToNoncontrollingInterest
474000
CY2019Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3453000
CY2020Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
3171000
CY2020Q3 us-gaap Profit Loss
ProfitLoss
6724000
CY2019Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
8091000
CY2019Q3 us-gaap Profit Loss
ProfitLoss
17264000
rmax Weighted Average Ownership Percentage Of Noncontrolling Interest
WeightedAverageOwnershipPercentageOfNoncontrollingInterest
0.410
rmax Majority And Minority Ownership Percentage
MajorityAndMinorityOwnershipPercentage
1.000
CY2020Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
21004000
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.20
CY2019Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.51
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.53
rmax Income Loss Before Provision For Income Taxes Portion Attributable To Noncontrolling Interest
IncomeLossBeforeProvisionForIncomeTaxesPortionAttributableToNoncontrollingInterest
9896000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
24485000
rmax Income Loss Before Provision For Income Taxes Portion Attributable To Noncontrolling Interest
IncomeLossBeforeProvisionForIncomeTaxesPortionAttributableToNoncontrollingInterest
20763000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
50201000
rmax Provision For Income Taxes Portion Attributable To Noncontrolling Interest
ProvisionForIncomeTaxesPortionAttributableToNoncontrollingInterest
1631000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
6547000
rmax Provision For Income Taxes Portion Attributable To Noncontrolling Interest
ProvisionForIncomeTaxesPortionAttributableToNoncontrollingInterest
1261000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
8547000
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
8265000
us-gaap Profit Loss
ProfitLoss
17938000
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
19502000
us-gaap Profit Loss
ProfitLoss
41654000
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
10566000
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
11460000
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.24
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.19
CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.51
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.53
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.24
CY2020Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
6400000
CY2019Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
5200000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
18300000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
15500000
CY2020Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
7271000
CY2020Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
27622000
CY2020Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
16817000
CY2020Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
14150000
CY2020Q3 rmax Finite Lived Intangible Assets Amortization Expense After Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFour
20625000
CY2020Q3 rmax Intangible Assets Net Excluding Goodwill Estimates Future Amortization
IntangibleAssetsNetExcludingGoodwillEstimatesFutureAmortization
107489000
CY2019Q4 us-gaap Goodwill
Goodwill
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us-gaap Goodwill Acquired During Period
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17349000
us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-85000
CY2020Q3 us-gaap Goodwill
Goodwill
176302000
CY2020Q3 rmax Marketing Funds
MarketingFunds
41709000
CY2019Q4 rmax Marketing Funds
MarketingFunds
39672000
CY2020Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
3443000
CY2019Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
11900000
CY2020Q3 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
1833000
CY2019Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
2451000
CY2020Q3 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
1895000
CY2019Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
2047000
CY2019Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
4093000
CY2020Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
52073000
CY2019Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
60163000
CY2020Q3 us-gaap Other Long Term Debt
OtherLongTermDebt
139000
CY2019Q4 us-gaap Other Long Term Debt
OtherLongTermDebt
362000
CY2020Q3 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
957000
CY2019Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
1182000
CY2020Q3 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
699000
CY2019Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
862000
CY2020Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
2489000
CY2019Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
2648000
CY2020Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
221594000
CY2019Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
223033000
CY2020Q3 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
663000
CY2020Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
2414000
CY2020Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
2350000
CY2020Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
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220312000
CY2020Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
225739000
CY2020Q3 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
0
CY2019Q3 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
25000
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
-32000
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
-159000
CY2020Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3414000
CY2019Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
-987000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
8347000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4860000
CY2020Q3 rmax Earnings Before Interest Tax Depreciation And Amortization Before Adjustment
EarningsBeforeInterestTaxDepreciationAndAmortizationBeforeAdjustment
30335000
CY2019Q3 rmax Earnings Before Interest Tax Depreciation And Amortization Before Adjustment
EarningsBeforeInterestTaxDepreciationAndAmortizationBeforeAdjustment
28158000
CY2019Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
-987000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
8347000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4860000
CY2020Q3 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
1021000
CY2019Q3 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
181000
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
1915000
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
268000
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
4
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
71073000
CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
71541000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
193552000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
214100000
rmax Earnings Before Interest Tax Depreciation And Amortization Before Adjustment
EarningsBeforeInterestTaxDepreciationAndAmortizationBeforeAdjustment
68783000
rmax Earnings Before Interest Tax Depreciation And Amortization Before Adjustment
EarningsBeforeInterestTaxDepreciationAndAmortizationBeforeAdjustment
81030000
CY2020Q3 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
11000
CY2019Q3 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
10000
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
33000
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-353000
CY2020Q3 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
7902000
CY2019Q3 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
0
us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
7902000
us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
0
CY2020Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3414000
CY2020Q3 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
250000
CY2019Q3 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
-15000
us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
-105000
us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
330000
CY2020Q3 us-gaap Interest Income Domestic Deposits
InterestIncomeDomesticDeposits
25000
CY2019Q3 us-gaap Interest Income Domestic Deposits
InterestIncomeDomesticDeposits
412000
us-gaap Interest Income Domestic Deposits
InterestIncomeDomesticDeposits
328000
us-gaap Interest Income Domestic Deposits
InterestIncomeDomesticDeposits
1074000
CY2020Q3 us-gaap Interest Expense
InterestExpense
2159000
CY2019Q3 us-gaap Interest Expense
InterestExpense
3089000
us-gaap Interest Expense
InterestExpense
7028000
us-gaap Interest Expense
InterestExpense
9398000
CY2020Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
6850000
CY2019Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
5595000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
19572000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
16694000
CY2020Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
8775000
CY2019Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
20717000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
24485000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
50201000

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