2014 Q4 Form 10-K Financial Statement

#000156459015001651 Filed on March 13, 2015

View on sec.gov

Income Statement

Concept 2014 Q4 2014 Q3 2014 Q2
Revenue $42.57M $44.24M $42.30M
YoY Change 5.79% 9.74% 7.79%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $26.53M $20.56M $19.48M
YoY Change 1.41% -6.99% -11.41%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.800M $3.770M $3.810M
YoY Change -6.86% 3.01% 2.97%
% of Gross Profit
Operating Expenses $30.31M $24.33M $23.29M
YoY Change -0.83% -5.56% -9.54%
Operating Profit $12.25M $19.91M $19.01M
YoY Change 26.72% 36.83% 40.86%
Interest Expense -$2.820M $2.255M -$1.200M
YoY Change -4.73% -56.03% -64.39%
% of Operating Profit -23.01% 11.32% -6.31%
Other Income/Expense, Net -$2.818M -$2.743M -$1.374M
YoY Change -4.73% -55.43% -59.25%
Pretax Income $9.435M $17.17M $17.64M
YoY Change 40.59% 104.44% 74.2%
Income Tax $1.818M $3.116M $3.129M
% Of Pretax Income 19.27% 18.15% 17.74%
Net Earnings $2.376M $4.275M $4.377M
YoY Change 57.77% -44.46% -54.16%
Net Earnings / Revenue 5.58% 9.66% 10.35%
Basic Earnings Per Share $0.20 $0.37 $0.38
Diluted Earnings Per Share $0.19 $0.35 $0.36
COMMON SHARES
Basic Shares Outstanding 11.66M 11.58M 11.59M
Diluted Shares Outstanding 12.26M 12.23M 12.23M

Balance Sheet

Concept 2014 Q4 2014 Q3 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $107.2M $98.10M $84.60M
YoY Change 21.27% 33.47% 44.37%
Cash & Equivalents $107.2M $98.10M $84.60M
Short-Term Investments
Other Short-Term Assets $5.237M $3.715M $4.200M
YoY Change 4.53% 3.19% 23.53%
Inventory
Prepaid Expenses
Receivables $16.64M $17.65M $19.20M
Other Receivables $700.0K $1.200M $1.200M
Total Short-Term Assets $130.8M $121.4M $109.3M
YoY Change 18.79% 29.71% 38.18%
LONG-TERM ASSETS
Property, Plant & Equipment $2.661M $2.628M $2.600M
YoY Change 3.02% 5.12% 0.0%
Goodwill $72.46M $72.62M
YoY Change -0.44%
Intangibles $78.23M $80.87M $84.53M
YoY Change
Long-Term Investments $3.693M $3.750M $3.600M
YoY Change 1.4% 1.35% -2.7%
Other Assets $1.715M $1.952M $70.60M
YoY Change -15.77% -78.78% 938.24%
Total Long-Term Assets $227.6M $230.2M $234.1M
YoY Change -6.25% -345.92% 47.23%
TOTAL ASSETS
Total Short-Term Assets $130.8M $121.4M $109.3M
Total Long-Term Assets $227.6M $230.2M $234.1M
Total Assets $358.3M $351.6M $343.4M
YoY Change 1.56% 35158599900.0% 44.23%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $561.0K $849.0K $3.000M
YoY Change -23.26% -73.47% -6.25%
Accrued Expenses $9.380M $7.931M $7.500M
YoY Change 0.39% -22.25% -20.21%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $9.460M $8.568M $10.90M
YoY Change -45.32% -50.47% -36.99%
Total Short-Term Liabilities $42.66M $37.65M $40.20M
YoY Change -12.99% -30.92% -15.72%
LONG-TERM LIABILITIES
Long-Term Debt $202.2M $203.6M $201.8M
YoY Change -4.21% -3.81% -1.99%
Other Long-Term Liabilities $74.00M $8.945M $77.00M
YoY Change 720.76% 7.77% 839.02%
Total Long-Term Liabilities $202.2M $212.6M $278.8M
YoY Change -8.14% -3.38% 30.22%
TOTAL LIABILITIES
Total Short-Term Liabilities $42.66M $37.65M $40.20M
Total Long-Term Liabilities $202.2M $212.6M $278.8M
Total Liabilities $244.9M $318.5M $96.40M
YoY Change -27.4% 16.02% -63.18%
SHAREHOLDERS EQUITY
Retained Earnings $12.04M
YoY Change 699.54%
Common Stock $241.9M
YoY Change 1.17%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $254.8M $250.6M $247.0M
YoY Change
Total Liabilities & Shareholders Equity $358.3M $351.6M $343.4M
YoY Change 1.55% 39.52% 44.23%

Cashflow Statement

Concept 2014 Q4 2014 Q3 2014 Q2
OPERATING ACTIVITIES
Net Income $2.376M $4.275M $4.377M
YoY Change 57.77% -44.46% -54.16%
Depreciation, Depletion And Amortization $3.800M $3.770M $3.810M
YoY Change -6.86% 3.01% 2.97%
Cash From Operating Activities $14.71M $19.56M $16.94M
YoY Change 11.61% 18.05%
INVESTING ACTIVITIES
Capital Expenditures -$1.010M -$320.0K -$250.0K
YoY Change 134.88% 60.0% -26.47%
Acquisitions
YoY Change
Other Investing Activities $70.00K -$30.00K -$30.00K
YoY Change -100.26% -62.5% -25.0%
Cash From Investing Activities -$930.0K -$350.0K -$280.0K
YoY Change -96.65% -26.32%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -4.610M -5.650M -29.24M
YoY Change -115.6% -565000100.0% 25.33%
NET CHANGE
Cash From Operating Activities 14.71M 19.56M 16.94M
Cash From Investing Activities -930.0K -350.0K -280.0K
Cash From Financing Activities -4.610M -5.650M -29.24M
Net Change In Cash 9.170M 13.56M -12.58M
YoY Change -38.62% 1355999900.0% 34.4%
FREE CASH FLOW
Cash From Operating Activities $14.71M $19.56M $16.94M
Capital Expenditures -$1.010M -$320.0K -$250.0K
Free Cash Flow $15.72M $19.88M $17.19M
YoY Change 15.5% 9840.0% 17.02%

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CY2014 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
858000
CY2013 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
1574000
CY2012 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
2238000
CY2013 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-17000
CY2014 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
1094000
CY2013 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-439000
CY2012 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
958000
CY2014 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
63709000
CY2013 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
50069000
CY2012 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
51259000
CY2014 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2026000
CY2013 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1108000
CY2012 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1610000
CY2014 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
5000
CY2013 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
18000
CY2012 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
32000
CY2012 us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
106000
CY2014 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
122000
CY2013 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
232000
CY2012 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
206000
CY2013 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
27305000
CY2012 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
45500000
CY2014 us-gaap Proceeds From Divestiture Of Businesses Net Of Cash Divested
ProceedsFromDivestitureOfBusinessesNetOfCashDivested
100000
CY2014 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-2043000
CY2013 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-28627000
CY2012 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-47390000
CY2013 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
230000000
CY2012 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
45000000
CY2014 us-gaap Repayments Of Debt
RepaymentsOfDebt
16816000
CY2013 us-gaap Repayments Of Debt
RepaymentsOfDebt
234658000
CY2012 us-gaap Repayments Of Debt
RepaymentsOfDebt
8386000
CY2013 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
1345000
CY2012 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
697000
CY2013 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
235922000
CY2013 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
5972000
CY2013 us-gaap Payments For Repurchase Of Equity
PaymentsForRepurchaseOfEquity
197618000
CY2014 rmax Distributions Paid To Noncontrolling Unit Holders
DistributionsPaidToNoncontrollingUnitHolders
22197000
CY2013 rmax Distributions Paid To Noncontrolling Unit Holders
DistributionsPaidToNoncontrollingUnitHolders
27614000
CY2012 rmax Distributions Paid To Noncontrolling Unit Holders
DistributionsPaidToNoncontrollingUnitHolders
9603000
CY2014 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
2901000
CY2014 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
204000
CY2013 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
266000
CY2012 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
361000
CY2014 us-gaap Proceeds And Excess Tax Benefit From Sharebased Compensation
ProceedsAndExcessTaxBenefitFromSharebasedCompensation
736000
CY2014 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1781000
CY2014 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
486000
CY2014 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-42677000
CY2013 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-1551000
CY2012 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
25953000
CY2014 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-165000
CY2012 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
68000
CY2014 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
18824000
CY2013 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
19874000
CY2012 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
29890000
CY2012Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
68501000
CY2011Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
38611000
CY2014 us-gaap Interest Paid
InterestPaid
8880000
CY2013 us-gaap Interest Paid
InterestPaid
13769000
CY2012 us-gaap Interest Paid
InterestPaid
10688000
CY2014 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
8521000
CY2013 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2310000
CY2012 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2008000
CY2014 rmax Adjustment To Deferred Tax Assets
AdjustmentToDeferredTaxAssets
917000
CY2013 rmax Adjustment To Deferred Tax Assets
AdjustmentToDeferredTaxAssets
69711000
CY2014 rmax Adjustment To Amounts Payable Under Tax Receivable Agreements
AdjustmentToAmountsPayableUnderTaxReceivableAgreements
436000
CY2013 rmax Adjustment To Amounts Payable Under Tax Receivable Agreements
AdjustmentToAmountsPayableUnderTaxReceivableAgreements
68840000
CY2012 us-gaap Notes Issued1
NotesIssued1
217000
CY2014 us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
18000
CY2013 us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
581000
CY2012 us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
40000
CY2013 rmax Tax Distribution Payable To Noncontrolling Unitholders
TaxDistributionPayableToNoncontrollingUnitholders
2552000
CY2014 us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="margin-bottom:0pt;margin-top:18pt;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Use of Estimates </p> <p style="margin-bottom:0pt;margin-top:6pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The preparation of the accompanying 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 disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Significant areas in which management uses assumptions include, among other things, the establishment of the allowance for doubtful trade accounts and notes receivable, the determination of the estimated lives of intangible assets, the estimates for amounts accrued for litigation matters, equity-based compensation, the estimates of the fair value of reporting units used in the annual assessment of goodwill, the fair value of assets acquired and the amounts due to Historical Owners pursuant to the terms of the TRAs discussed in more detail in Note 3, <font style="font-style:italic;">Non-controlling Interest</font>. Actual results could differ from those estimates. </p></div>
CY2014 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div> <p style="margin-bottom:0pt;margin-top:18pt;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Reclassifications</p> <p style="margin-bottom:0pt;margin-top:6pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Certain items in the accompanying consolidated financial statements as of December 31, 2013 have been reclassified to conform to the 2014 presentation.</p></div>
CY2014Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.0625
CY2013 rmax Allowance For Doubtful Accounts Receivable Adjustments
AllowanceForDoubtfulAccountsReceivableAdjustments
-160000
CY2014 rmax Distributions For Taxes Non Controlling Unitholders
DistributionsForTaxesNonControllingUnitholders
17765000
CY2012 rmax Allowance For Doubtful Accounts Receivable Adjustments
AllowanceForDoubtfulAccountsReceivableAdjustments
170000
CY2013 rmax Distributions For Taxes Non Controlling Unitholders
DistributionsForTaxesNonControllingUnitholders
19614000
CY2012 rmax Distributions For Taxes Non Controlling Unitholders
DistributionsForTaxesNonControllingUnitholders
3479500
CY2014 us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
485000
CY2013Q4 rmax Income Tax Expense Benefit Attributable To Parent
IncomeTaxExpenseBenefitAttributableToParent
887000
CY2013 us-gaap Deferred Revenue Revenue Recognized
DeferredRevenueRevenueRecognized
596000
CY2012 us-gaap Deferred Revenue Revenue Recognized
DeferredRevenueRevenueRecognized
628000
CY2012Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
3913000
CY2013Q4 us-gaap Net Income Loss
NetIncomeLoss
1506000
CY2011Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
4853000
CY2014 rmax Allowance For Doubtful Accounts Receivable Adjustments
AllowanceForDoubtfulAccountsReceivableAdjustments
228000
CY2013Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1071000
CY2014 rmax Tax Distribution Rate
TaxDistributionRate
0.462
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
787500
CY2013Q4 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
253000000
CY2013Q4 rmax Proceeds From Issuance Initial Public Offering Net
ProceedsFromIssuanceInitialPublicOfferingNet
235922500
CY2013Q4 rmax Proceeds From Issuance Of Common Stock Net
ProceedsFromIssuanceOfCommonStockNet
208617500
CY2013Q4 us-gaap Investments In And Advances To Affiliates Balance Shares
InvestmentsInAndAdvancesToAffiliatesBalanceShares
10169023
CY2013Q4 rmax Percentage Of Amount Of Cash Savings In Income Tax Noncontrolling Interest
PercentageOfAmountOfCashSavingsInIncomeTaxNoncontrollingInterest
0.85
CY2013Q4 rmax Percentage Of Amount Of Cash Savings In Income Tax Parent
PercentageOfAmountOfCashSavingsInIncomeTaxParent
0.15
CY2014 rmax Receivable And Deferred Revenue
ReceivableAndDeferredRevenue
917000
CY2013 rmax Receivable And Deferred Revenue
ReceivableAndDeferredRevenue
1292000
CY2014 us-gaap Deferred Revenue Revenue Recognized
DeferredRevenueRevenueRecognized
484000
CY2013 us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
235000
CY2012 us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
1721000
CY2014 us-gaap Basis For Attributing Revenues From External Customers To Individual Countries
BasisForAttributingRevenuesFromExternalCustomersToIndividualCountries
U.S., Canada and 95 other countries
CY2014 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0
CY2013 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0
CY2012 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0
CY2014 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2013 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2012 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2013Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
6048000
CY2013Q4 rmax Weighted Average Ownership Percentage Of Controlling Interest
WeightedAverageOwnershipPercentageOfControllingInterest
0.3956
CY2013Q4 rmax Income Loss From Continuing Operations Before Income Taxes Attributable To Parent
IncomeLossFromContinuingOperationsBeforeIncomeTaxesAttributableToParent
2393000
CY2014 rmax Other Distributions Non Controlling Unitholders
OtherDistributionsNonControllingUnitholders
4432000
CY2013 rmax Other Distributions Non Controlling Unitholders
OtherDistributionsNonControllingUnitholders
8000000
CY2012 rmax Other Distributions Non Controlling Unitholders
OtherDistributionsNonControllingUnitholders
6124000
CY2014Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.0625
CY2014Q2 us-gaap Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
2014-06-05
CY2014 rmax Distributions To Noncontrolling Unitholders Description
DistributionsToNoncontrollingUnitholdersDescription
Cash distributions were also required to be made to non-controlling unitholders in accordance with the Old RMCO, LLC Agreement in an amount equal to the lesser of (1) the amount of excess cash flow payment required to be paid as a mandatory prepayment pursuant to the Company’s previous senior secured credit facility and (2) $8,000,000.
CY2014 rmax Distribution Made To Non Controlling Unitholders Declaration Date
DistributionMadeToNonControllingUnitholdersDeclarationDate
2015-03-11
CY2014 rmax Distribution Made To Non Controlling Unitholders Distribution Date
DistributionMadeToNonControllingUnitholdersDistributionDate
2015-04-08
CY2014Q4 rmax Amounts Payable Under Tax Receivable Agreements
AmountsPayableUnderTaxReceivableAgreements
67418000
CY2014Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.0625
CY2014 us-gaap Goodwill Translation Adjustments
GoodwillTranslationAdjustments
-318000
CY2014Q3 us-gaap Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
2014-09-03
CY2014Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
4519000
CY2014Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
1622000
CY2014Q4 us-gaap Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
2014-12-04
CY2014Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.0625
CY2014Q1 us-gaap Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
2014-04-18
CY2012Q4 us-gaap Goodwill
Goodwill
71039000
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
5498000
CY2014 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
4304000
CY2013 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
348000
CY2014 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
3383000
CY2013 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
2032000
CY2013 us-gaap Goodwill Translation Adjustments
GoodwillTranslationAdjustments
-290000
CY2013 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
0
CY2012 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
0
CY2012 us-gaap Proceeds From Divestiture Of Businesses And Interests In Affiliates
ProceedsFromDivestitureOfBusinessesAndInterestsInAffiliates
217000
CY2012 us-gaap Goodwill Written Off Related To Sale Of Business Unit
GoodwillWrittenOffRelatedToSaleOfBusinessUnit
1149000
CY2012 rmax Term Of Franchising Agreements
TermOfFranchisingAgreements
P20Y
CY2012 rmax Renewal Option Terms Additional Period
RenewalOptionTermsAdditionalPeriod
P20Y
CY2014Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
22654000
CY2013Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
21983000
CY2014 us-gaap Depreciation
Depreciation
1110000
CY2013 us-gaap Depreciation
Depreciation
2181000
CY2012 us-gaap Depreciation
Depreciation
2319000
CY2014 us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P7Y
CY2013Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
10398000
CY2013Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
7912000
CY2014 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
14206000
CY2013 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
12985000
CY2012 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
9771000
CY2014Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
14091000
CY2014Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
13970000
CY2014Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
10055000
CY2014Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
6439000
CY2014Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
6429000
CY2014Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
27246000
CY2014Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
78230000
CY2014Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
947000
CY2014Q4 us-gaap Accrued Rent Current
AccruedRentCurrent
773000
CY2014Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1519000
CY2014Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
9460000
CY2014Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
2152000
CY2014Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
2152000
CY2014Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
2152000
CY2014Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
2152000
CY2014Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
193965000
CY2014Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
212033000
CY2014 us-gaap Early Repayment Of Senior Debt
EarlyRepaymentOfSeniorDebt
14627000
CY2013 us-gaap Early Repayment Of Senior Debt
EarlyRepaymentOfSeniorDebt
8000000
CY2012 us-gaap Early Repayment Of Senior Debt
EarlyRepaymentOfSeniorDebt
6123500
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
40103000
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
23729000
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
29964000
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
13824000
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
7367000
CY2012 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.060
CY2014Q4 rmax Income Taxes Receivable Payable Net
IncomeTaxesReceivablePayableNet
576000
CY2013Q4 rmax Income Taxes Receivable Payable Net
IncomeTaxesReceivablePayableNet
-448000
CY2013 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
2068000
CY2012 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
2053000
CY2014 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
396000
CY2013 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
26000
CY2014 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
8083000
CY2013 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
2442000
CY2012 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
2053000
CY2014 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
1741000
CY2013 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
366000
CY2014 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-5000
CY2013 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
9000
CY2012 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
85000
CY2014 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
129000
CY2013 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
27000
CY2014 rmax Controlling Interest Ownership Percentage
ControllingInterestOwnershipPercentage
0.40
CY2014 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350
CY2013 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.340
CY2012 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.340
CY2014 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.026
CY2013 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.026
CY2012 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.025
CY2014 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.006
CY2013 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.012
CY2012 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.000
CY2014 us-gaap Effective Income Tax Rate Reconciliation Minority Interest Income Expense
EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense
-0.198
CY2013 us-gaap Effective Income Tax Rate Reconciliation Minority Interest Income Expense
EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense
-0.287
CY2012 us-gaap Effective Income Tax Rate Reconciliation Minority Interest Income Expense
EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense
-0.305
CY2014 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.184
CY2013 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.091
CY2014Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
372000
CY2013Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
557000
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IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
10125000
CY2013Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
8399000
CY2013Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
6711000
CY2013Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
454000
CY2013Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
577000
CY2013Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
702000
CY2013Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1111000
CY2013Q1 us-gaap Profit Loss
ProfitLoss
5407000
CY2013Q2 us-gaap Profit Loss
ProfitLoss
9548000
CY2013Q3 us-gaap Profit Loss
ProfitLoss
7697000
CY2013Q4 us-gaap Profit Loss
ProfitLoss
5600000
CY2013Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-5407000
CY2013Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-9548000
CY2013Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-7697000
CY2013Q4 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-4094000
CY2013Q4 us-gaap Net Income Loss
NetIncomeLoss
1506000

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