2020 Q4 Form 10-K Financial Statement

#000155837021001856 Filed on February 25, 2021

View on sec.gov

Income Statement

Concept 2020 Q4 2020 2019 Q4
Revenue $72.45M $266.0M $68.19M
YoY Change 6.24% -5.77% 34.13%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $58.58M $129.0M $52.60M
YoY Change 11.37% 8.19% 75.1%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $7.120M $26.11M $5.630M
YoY Change 26.47% 19.8% 3.68%
% of Gross Profit
Operating Expenses $65.70M $227.4M $58.21M
YoY Change 12.86% 6.6% 97.82%
Operating Profit $6.748M $38.59M $9.980M
YoY Change -32.38% -44.04% -53.39%
Interest Expense -$2.110M $9.223M -$2.420M
YoY Change -12.81% -24.58% -18.79%
% of Operating Profit -31.27% 23.9% -24.25%
Other Income/Expense, Net -$2.110M -$8.885M -$2.416M
YoY Change -12.67% -16.76% -18.84%
Pretax Income $4.638M $29.71M $7.564M
YoY Change -38.68% -49.04% -58.97%
Income Tax $2.556M $9.162M $2.362M
% Of Pretax Income 55.11% 30.84% 31.23%
Net Earnings $1.291M $11.25M $2.888M
YoY Change -55.3% -55.5% -53.67%
Net Earnings / Revenue 1.78% 4.23% 4.24%
Basic Earnings Per Share $0.60
Diluted Earnings Per Share $68.80K $0.60 $160.7K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2020 Q4 2020 2019 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $101.4M $101.4M $83.00M
YoY Change 22.17% 22.17% 38.33%
Cash & Equivalents $101.4M $101.4M $83.00M
Short-Term Investments
Other Short-Term Assets $13.94M $33.80M $9.638M
YoY Change 44.62% 11.92% 64.61%
Inventory
Prepaid Expenses
Receivables $30.00M $30.00M $28.60M
Other Receivables $1.200M $1.200M $900.0K
Total Short-Term Assets $166.4M $166.4M $142.8M
YoY Change 16.52% 16.53% 63.09%
LONG-TERM ASSETS
Property, Plant & Equipment $7.872M $46.80M $5.444M
YoY Change 44.6% -17.31% 24.01%
Goodwill $165.4M $148.6M
YoY Change 11.31% -1.41%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $15.44M $64.30M $9.692M
YoY Change 59.26% 3.21% 120.32%
Total Long-Term Assets $380.0M $391.0M $399.6M
YoY Change -4.9% -2.15% 17.24%
TOTAL ASSETS
Total Short-Term Assets $166.4M $166.4M $142.8M
Total Long-Term Assets $380.0M $391.0M $399.6M
Total Assets $546.4M $557.4M $542.4M
YoY Change 0.74% 2.77% 26.61%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.108M $5.700M $2.983M
YoY Change -29.33% -13.64% 57.83%
Accrued Expenses $68.57M $74.30M $60.16M
YoY Change 13.98% 13.78% 357.76%
Deferred Revenue $25.28M $25.66M
YoY Change -1.48% 0.68%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $2.428M $2.400M $2.648M
YoY Change -8.31% -7.69% 0.99%
Total Short-Term Liabilities $117.2M $117.2M $107.0M
YoY Change 9.58% 9.53% 128.04%
LONG-TERM LIABILITIES
Long-Term Debt $221.1M $221.1M $223.0M
YoY Change -0.85% -0.85% -0.95%
Other Long-Term Liabilities $5.722M $105.8M $5.292M
YoY Change 8.13% -6.95% -69.99%
Total Long-Term Liabilities $226.9M $326.9M $228.3M
YoY Change -0.64% -2.91% -5.96%
TOTAL LIABILITIES
Total Short-Term Liabilities $117.2M $117.2M $107.0M
Total Long-Term Liabilities $226.9M $326.9M $228.3M
Total Liabilities $444.7M $40.20M $444.0M
YoY Change 0.17% -9.66% 25.64%
SHAREHOLDERS EQUITY
Retained Earnings $25.63M $30.53M
YoY Change -16.04% 48.48%
Common Stock $491.4M $466.9M
YoY Change 5.24% 1.49%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $517.7M $517.2M $497.9M
YoY Change
Total Liabilities & Shareholders Equity $546.4M $557.4M $542.4M
YoY Change 0.74% 2.77% 26.61%

Cashflow Statement

Concept 2020 Q4 2020 2019 Q4
OPERATING ACTIVITIES
Net Income $1.291M $11.25M $2.888M
YoY Change -55.3% -55.5% -53.67%
Depreciation, Depletion And Amortization $7.120M $26.11M $5.630M
YoY Change 26.47% 19.8% 3.68%
Cash From Operating Activities $27.38M $70.85M $23.79M
YoY Change 15.09% -10.29% 24.95%
INVESTING ACTIVITIES
Capital Expenditures -$2.320M -$6.900M -$3.140M
YoY Change -26.11% -47.85% 27.13%
Acquisitions $10.63M
YoY Change -28.89%
Other Investing Activities $0.00 $0.00 -$14.95M
YoY Change -100.0% -100.0%
Cash From Investing Activities -$2.330M -$17.53M -$18.08M
YoY Change -87.11% 1901.14% 629.03%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -8.930M -36.00M -8.980M
YoY Change -0.56% 4.22% 14.98%
NET CHANGE
Cash From Operating Activities 27.38M 70.85M 23.79M
Cash From Investing Activities -2.330M -17.53M -18.08M
Cash From Financing Activities -8.930M -36.00M -8.980M
Net Change In Cash 16.12M 17.63M -3.270M
YoY Change -592.97% -59.6% -137.37%
FREE CASH FLOW
Cash From Operating Activities $27.38M $70.85M $23.79M
Capital Expenditures -$2.320M -$6.900M -$3.140M
Free Cash Flow $29.70M $77.75M $26.93M
YoY Change 10.29% -15.68% 25.2%

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CY2020 us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
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<p style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;line-height:1.19;margin:12pt 0pt 0pt 0pt;"><span style="font-style:italic;font-weight:bold;">New Accounting Pronouncements Not Yet Adopted</span></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;line-height:1.19;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;line-height:1.19;margin:0pt;">In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848), 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 discussed in Note 10, <i style="font-style:italic;">Debt</i>. An amendment to the Senior Secured Credit agreement will likely be required, but the Company does not expect any material adverse consequences from this transition. </p>
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24081000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
70816000
CY2020Q4 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
5398000
CY2020Q4 rmax Lessee Operating Lease Liability Net Payments Due
LesseeOperatingLeaseLiabilityNetPaymentsDue
65418000
CY2020Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
14850000
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
55966000
CY2020Q4 us-gaap Common Unit Outstanding
CommonUnitOutstanding
30950291
CY2020Q4 rmax Percentage Of Common Units
PercentageOfCommonUnits
1.000
CY2019Q4 us-gaap Common Unit Outstanding
CommonUnitOutstanding
30397833
CY2019Q4 rmax Percentage Of Common Units
PercentageOfCommonUnits
1.000
CY2020 us-gaap Income Loss Attributable To Parent
IncomeLossAttributableToParent
17243000
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
29123000
CY2019 us-gaap Income Loss Attributable To Parent
IncomeLossAttributableToParent
33850000
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
57765000
CY2018 us-gaap Income Loss Attributable To Parent
IncomeLossAttributableToParent
41238000
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
66164000
CY2020 rmax Income Tax Expense Benefit Attributable To Parent
IncomeTaxExpenseBenefitAttributableToParent
6279000
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
9103000
CY2019 rmax Income Tax Expense Benefit Attributable To Parent
IncomeTaxExpenseBenefitAttributableToParent
8810000
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
10909000
CY2018 rmax Income Tax Expense Benefit Attributable To Parent
IncomeTaxExpenseBenefitAttributableToParent
14355000
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
16342000
CY2020 us-gaap Net Income Loss
NetIncomeLoss
10964000
CY2020 us-gaap Profit Loss
ProfitLoss
20020000
CY2019 us-gaap Net Income Loss
NetIncomeLoss
25040000
CY2019 us-gaap Profit Loss
ProfitLoss
46856000
CY2018 us-gaap Net Income Loss
NetIncomeLoss
26883000
CY2018 us-gaap Profit Loss
ProfitLoss
49822000
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.60
CY2019 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.41
CY2018 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.52
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.60
CY2019 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.40
CY2018 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.51
CY2018 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
287394000
CY2018 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
26131000
CY2018 us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
1.47
CY2018 us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
1.47
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
22603000
CY2019Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
20384000
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
14731000
CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
14940000
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
7872000
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
5444000
CY2020 us-gaap Depreciation
Depreciation
1800000
CY2019 us-gaap Depreciation
Depreciation
1700000
CY2018 us-gaap Depreciation
Depreciation
1200000
CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
54704000
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
24735000
CY2020Q4 us-gaap Other Intangible Assets Net
OtherIntangibleAssetsNet
29969000
CY2019Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
45484000
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
13169000
CY2019Q4 us-gaap Other Intangible Assets Net
OtherIntangibleAssetsNet
32315000
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
24900000
CY2019 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
20600000
CY2018 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
19500000
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
25431000
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
23603000
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
17089000
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
14288000
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
10365000
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
11389000
CY2020Q4 rmax Intangible Assets Net Excluding Goodwill Estimates Future Amortization
IntangibleAssetsNetExcludingGoodwillEstimatesFutureAmortization
102165000
CY2018Q4 us-gaap Goodwill
Goodwill
150684000
CY2019 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
8207000
CY2020Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
10692000
CY2019Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
11900000
CY2019 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
147000
CY2019Q4 us-gaap Goodwill
Goodwill
159038000
CY2020 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
16726000
CY2020 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
71000
CY2020Q4 us-gaap Goodwill
Goodwill
175835000
CY2020Q4 rmax Marketing Funds
MarketingFunds
48452000
CY2019Q4 rmax Marketing Funds
MarketingFunds
39672000
CY2020Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
2491000
CY2019Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
2451000
CY2020Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
1806000
CY2019Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
2047000
CY2020Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
5130000
CY2019Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
4093000
CY2020Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
68571000
CY2019Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
60163000
CY2020Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
882000
CY2019Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
1182000
CY2020Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
644000
CY2019Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
862000
CY2020Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
2428000
CY2019Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
2648000
CY2020Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
221137000
CY2019Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
223033000
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
2428000
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
2350000
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
220313000
CY2020Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
225091000
CY2020 rmax Business Combination Contingent Consideration Percentage Of Gross Revenues To Be Paid Yearly
BusinessCombinationContingentConsiderationPercentageOfGrossRevenuesToBePaidYearly
0.08
CY2020 rmax Annual Payment Period To Former Owner End Of Revenue Share Year
AnnualPaymentPeriodToFormerOwnerEndOfRevenueShareYear
P120D
CY2020Q4 rmax Franchise Sale Reduction Percentage
FranchiseSaleReductionPercentage
0.10
CY2020 rmax Increase Decrease In Discount Rate
IncreaseDecreaseInDiscountRate
0.01
CY2020Q4 us-gaap Fair Value Assets Level1 To Level2 Transfers Amount
FairValueAssetsLevel1ToLevel2TransfersAmount
0
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
14930000
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
44343000
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
52798000
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
14193000
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
13422000
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
13366000
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
29123000
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
57765000
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
66164000
CY2020 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
2265000
CY2019 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
2533000
CY2018 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
1393000
CY2020 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
4418000
CY2019 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
4929000
CY2018 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
4738000
CY2020 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
580000
CY2019 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
1137000
CY2018 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
700000
CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
7263000
CY2019 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
8599000
CY2018 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
6831000
CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
1229000
CY2019 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
2084000
CY2018 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
8795000
CY2020 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
351000
CY2019 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-142000
CY2018 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
12000
CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
260000
CY2019 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
368000
CY2018 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
704000
CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
1840000
CY2019 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
2310000
CY2018 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
9511000
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
9103000
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
10909000
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
16342000
CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2020 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.031
CY2019 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.031
CY2018 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.031
CY2020 us-gaap Effective Income Tax Rate Reconciliation Minority Interest Income Expense
EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense
0.099
CY2019 us-gaap Effective Income Tax Rate Reconciliation Minority Interest Income Expense
EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense
0.100
CY2018 us-gaap Effective Income Tax Rate Reconciliation Minority Interest Income Expense
EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense
0.100
CY2020 rmax Effective Income Tax Rate Reconciliation At Income Tax Rate Percent
EffectiveIncomeTaxRateReconciliationAtIncomeTaxRatePercent
0.142
CY2019 rmax Effective Income Tax Rate Reconciliation At Income Tax Rate Percent
EffectiveIncomeTaxRateReconciliationAtIncomeTaxRatePercent
0.141
CY2018 rmax Effective Income Tax Rate Reconciliation At Income Tax Rate Percent
EffectiveIncomeTaxRateReconciliationAtIncomeTaxRatePercent
0.141
CY2020 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Foreign
EffectiveIncomeTaxRateReconciliationTaxCreditsForeign
0.051
CY2019 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Foreign
EffectiveIncomeTaxRateReconciliationTaxCreditsForeign
0.028
CY2018 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Foreign
EffectiveIncomeTaxRateReconciliationTaxCreditsForeign
0.027
CY2020 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Other
EffectiveIncomeTaxRateReconciliationTaxCreditsOther
0.021
CY2019 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Other
EffectiveIncomeTaxRateReconciliationTaxCreditsOther
0.011
CY2018 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Other
EffectiveIncomeTaxRateReconciliationTaxCreditsOther
0.012
CY2020 rmax Effective Income Tax Rate Reconciliation Deduction Foreign Derived Intangible Income
EffectiveIncomeTaxRateReconciliationDeductionForeignDerivedIntangibleIncome
0.031
CY2019 rmax Effective Income Tax Rate Reconciliation Deduction Foreign Derived Intangible Income
EffectiveIncomeTaxRateReconciliationDeductionForeignDerivedIntangibleIncome
0.015
CY2018 rmax Effective Income Tax Rate Reconciliation Deduction Foreign Derived Intangible Income
EffectiveIncomeTaxRateReconciliationDeductionForeignDerivedIntangibleIncome
0.013
CY2020 rmax Effective Income Tax Rate Reconciliation Permanent Differences
EffectiveIncomeTaxRateReconciliationPermanentDifferences
0.020
CY2019 rmax Effective Income Tax Rate Reconciliation Permanent Differences
EffectiveIncomeTaxRateReconciliationPermanentDifferences
0.007
CY2018 rmax Effective Income Tax Rate Reconciliation Permanent Differences
EffectiveIncomeTaxRateReconciliationPermanentDifferences
0.004
CY2020 rmax Effective Income Tax Rate Reconciliation Uncertain Tax Position Percent
EffectiveIncomeTaxRateReconciliationUncertainTaxPositionPercent
0.019
CY2019 rmax Effective Income Tax Rate Reconciliation Uncertain Tax Position Percent
EffectiveIncomeTaxRateReconciliationUncertainTaxPositionPercent
0.010
CY2018 rmax Effective Income Tax Rate Reconciliation Uncertain Tax Position Percent
EffectiveIncomeTaxRateReconciliationUncertainTaxPositionPercent
0.008
CY2018 rmax Effective Income Tax Rate Reconciliation Tax Cuts And Jobs Act Of2017 Impact Of Tra Adjustment On Noncontrolling Interest Percent
EffectiveIncomeTaxRateReconciliationTaxCutsAndJobsActOf2017ImpactOfTraAdjustmentOnNoncontrollingInterestPercent
0.007
CY2018 rmax Effective Income Tax Rate Reconciliation Tax Cuts And Jobs Act Of2017 Other Impacts Percent
EffectiveIncomeTaxRateReconciliationTaxCutsAndJobsActOf2017OtherImpactsPercent
-0.022
CY2018 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.095
CY2020 rmax Effective Income Tax Rate Reconciliation Conversion Of Acquired Corporation To Flow Through Entities
EffectiveIncomeTaxRateReconciliationConversionOfAcquiredCorporationToFlowThroughEntities
0.084
CY2020 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Other
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseOther
0.007
CY2019 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Other
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseOther
0.007
CY2018 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Other
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseOther
-0.012
CY2020Q4 us-gaap Deferred Tax Assets Deferred Income
DeferredTaxAssetsDeferredIncome
3891000
CY2020 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.313
CY2019 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.189
CY2018 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.247
CY2020 rmax Percentage Of Non Controlling Interest Income Not Subject To Income Taxes
PercentageOfNonControllingInterestIncomeNotSubjectToIncomeTaxes
0.40
CY2020 rmax Percentage Of Foreign Taxes Paid Attributable To Non Controlling Interest
PercentageOfForeignTaxesPaidAttributableToNonControllingInterest
0.40
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2018Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
6300000
CY2018 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.095
CY2018 us-gaap Tax Cuts And Jobs Act Of2017 Change In Tax Rate Deferred Tax Liability Income Tax Benefit
TaxCutsAndJobsActOf2017ChangeInTaxRateDeferredTaxLiabilityIncomeTaxBenefit
6100000
CY2020Q4 rmax Deferred Tax Assets Liabilities Goodwill And Intangible Assets
DeferredTaxAssetsLiabilitiesGoodwillAndIntangibleAssets
40077000
CY2019Q4 rmax Deferred Tax Assets Liabilities Goodwill And Intangible Assets
DeferredTaxAssetsLiabilitiesGoodwillAndIntangibleAssets
42800000
CY2020Q4 rmax Deferred Tax Assets Imputed Interest Deduction Pursuant To Tax Receivable Agreements
DeferredTaxAssetsImputedInterestDeductionPursuantToTaxReceivableAgreements
2306000
CY2019Q4 rmax Deferred Tax Assets Imputed Interest Deduction Pursuant To Tax Receivable Agreements
DeferredTaxAssetsImputedInterestDeductionPursuantToTaxReceivableAgreements
2651000
CY2020Q4 rmax Deferred Tax Assets Operating Lease Liabilities
DeferredTaxAssetsOperatingLeaseLiabilities
2671000
CY2019Q4 rmax Deferred Tax Assets Operating Lease Liabilities
DeferredTaxAssetsOperatingLeaseLiabilities
1618000
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
3237000
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
3043000
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
1429000
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
1629000
CY2020Q4 rmax Deferred Tax Asset Contingent Acquisition Liability
DeferredTaxAssetContingentAcquisitionLiability
1034000
CY2019Q4 rmax Deferred Tax Asset Contingent Acquisition Liability
DeferredTaxAssetContingentAcquisitionLiability
783000
CY2019Q4 us-gaap Deferred Tax Assets Deferred Income
DeferredTaxAssetsDeferredIncome
3706000
CY2020Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Foreign
DeferredTaxAssetsTaxCreditCarryforwardsForeign
2996000
CY2019Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Foreign
DeferredTaxAssetsTaxCreditCarryforwardsForeign
1862000
CY2019Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
2641000
CY2020Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
817000
CY2019Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
950000
CY2020Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
58458000
CY2019Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
61683000
CY2020Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
6834000
CY2019Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
7184000
CY2020Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
51624000
CY2019Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
54499000
CY2020Q4 rmax Deferred Tax Liabilities Property Plant And Equipment And Other Long Lived Assets
DeferredTaxLiabilitiesPropertyPlantAndEquipmentAndOtherLongLivedAssets
1577000
CY2019Q4 rmax Deferred Tax Liabilities Property Plant And Equipment And Other Long Lived Assets
DeferredTaxLiabilitiesPropertyPlantAndEquipmentAndOtherLongLivedAssets
1494000
CY2020Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
1682000
CY2019Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
703000
CY2020Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
3259000
CY2019Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
2197000
CY2020Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
48365000
CY2019Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
52302000
CY2020Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
48365000
CY2019Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
52302000
CY2020Q4 rmax Deferred Tax Assets Tax Credit Carryforwards Foreign Subject To Expiration
DeferredTaxAssetsTaxCreditCarryforwardsForeignSubjectToExpiration
3000000.0
CY2018Q4 us-gaap Unrecognized Tax Benefits
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4278000
CY2020 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
490000
CY2019 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
532000
CY2020Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
5300000
CY2019Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
4810000
CY2020 us-gaap Allocated Share Based Compensation Expense Net Of Tax
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