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Segment Information (Tables)
9 Months Ended
Sep. 30, 2021
Segment Reporting [Abstract]  
Schedule of Segment Information
Franchise ChannelCorporate ChannelOtherTotal
Three months ended September 30, 2021
Revenues:
Commissions and agency fees
Renewal Commissions$— $10,969 $— $10,969 
Agency Fees— 3,050 — 3,050 
New Business Commissions— 6,013 — 6,013 
Contingent Commissions1,734 654 — 2,388 
Total Commissions and Agency Fees1,734 20,686 — 22,420 
Franchise revenue
Renewal Royalty Fees13,206 — — 13,206 
New Business Royalty Fees4,003 — — 4,003 
Initial Franchise Fees1,680 — — 1,680 
Other Income71 — — 71 
Total Franchise Revenues18,960 — — 18,960 
Interest income
Interest Income301 — — 301 
Total Interest Income301 — — 301 
Total Revenues20,995 20,686 — 41,681 
Operating expenses:
Employee compensation and benefits, excluding equity based compensation9,051 15,176 — 24,227 
General and administrative expenses3,908 5,035 1,198 10,141 
Bad debts220 512 — 732 
Total Operating Expenses13,179 20,723 1,198 35,100 
Adjusted EBITDA7,816 (37)(1,198)6,581 
Other income (expense)— — 
Equity based compensation— — (1,851)(1,851)
Interest expense— — (756)(756)
Depreciation and amortization(759)(429)— (1,188)
Taxes— — 2,575 2,575 
Net income (loss)$7,064 $(466)$(1,230)$5,368 
September 30, 2021
Total Assets$45,700 $43,257 $158,183 $247,140 
Franchise
Channel
Corporate
Channel
OtherTotal
Three months ended September 30, 2020
Revenues:
Commissions and agency fees
Renewal Commissions$— $7,931 $— $7,931 
Agency Fees— 2,491 — 2,491 
New Business Commissions— 4,790 — 4,790 
Contingent Commissions2,662 1,511 — 4,173 
Total Commissions and Agency Fees2,662 16,723 — 19,385 
Franchise revenue
Renewal Royalty Fees8,117 — — 8,117 
New Business Royalty Fees3,090 — — 3,090 
Initial Franchise Fees1,152 — — 1,152 
Other Income59 — — 59 
Total Franchise Revenues12,418 — — 12,418 
Interest income
Interest Income212 — — 212 
Total Interest Income212 — — 212 
Total Revenues15,292 16,723 — 32,015 
Operating expenses:
Employee compensation and benefits, excluding equity based compensation6,552 9,933 — 16,485 
General and administrative expenses2,329 2,781 762 5,872 
Bad debts45 331 — 376 
Total Operating Expenses8,926 13,045 762 22,733 
Adjusted EBITDA6,366 3,678 (762)9,282 
Other income (expense)10 — — 10 
Equity based compensation— — (1,416)(1,416)
Interest expense— — (582)(582)
Depreciation and amortization(473)(427)— (900)
Taxes— — 331 331 
Net income (loss)$5,903 $3,251 $(2,429)$6,725 
September 30, 2020
Total Assets$40,578 $24,977 $54,399 $119,954 
Franchise
Channel
Corporate
Channel
OtherTotal
Nine months ended September 30, 2021
Revenues:
Commissions and agency fees
Renewal Commissions$— $29,036 $— $29,036 
Agency Fees— 8,579 — 8,579 
New Business Commissions— 16,573 — 16,573 
Contingent Commissions4,986 1,833 — 6,819 
Total Commissions and Agency Fees4,986 56,021 — 61,007 
Franchise revenue
Renewal Royalty Fees33,622 — — 33,622 
New Business Royalty Fees10,840 — — 10,840 
Initial Franchise Fees4,570 — — 4,570 
Other Income202 — — 202 
Total Franchise Revenue49,234 — — 49,234 
Interest income
Interest Income841 — — 841 
Total Interest Income841 — — 841 
Total55,061 56,021 — 111,082 
Operating expenses:
Employee compensation and benefits, excluding equity-based compensation24,640 39,578 — 64,218 
General and administrative expenses13,048 13,943 2,558 29,549 
Bad debts516 1,309 — 1,825 
Total38,204 54,830 2,558 95,592 
Adjusted EBITDA16,857 1,191 (2,558)15,490 
Other income (expense)38 108 — 146 
Equity based compensation— — (5,644)(5,644)
Interest expense— — (1,903)(1,903)
Depreciation and amortization(2,134)(1,186)— (3,320)
Taxes— — 2,646 2,646 
Net income (loss)$14,761 $113 $(7,459)$7,415 
At September 30, 2021:
Total Assets$45,700 $43,257 $158,183 $247,140 
Franchise
Channel
Corporate
Channel
OtherTotal
Nine months ended September 30, 2020
Revenues:
Commissions and agency fees
Renewal Commissions$— $21,382 $— $21,382 
Agency Fees— 6,362 — 6,362 
New Business Commissions— 12,452 — 12,452 
Contingent Commissions6,130 3,118 — 9,248 
Total Commissions and Agency Fees6,130 43,314 — 49,444 
Franchise revenue
Renewal Royalty Fees21,406 — — 21,406 
New Business Royalty Fees7,737 — — 7,737 
Initial Franchise Fees3,031 — — 3,031 
Other Income173 — — 173 
Total Franchise Revenues32,347 — — 32,347 
Interest income
Interest Income573 — — 573 
Total Interest Income573 — — 573 
Total Revenues39,050 43,314 — 82,364 
Operating expenses:
Employee compensation and benefits, excluding equity based compensation18,413 25,565 — 43,978 
General and administrative expenses6,488 8,111 2,509 17,108 
Bad debts182 822 — 1,004 
Total Operating Expenses25,083 34,498 2,509 62,090 
Adjusted EBITDA13,967 8,816 (2,509)20,274 
Other income (expense)76 — — 76 
Equity based compensation— — (3,330)(3,330)
Interest expense— — (1,665)(1,665)
Depreciation and amortization(1,182)(970)— (2,152)
Taxes— — 612 612 
Net income (loss)$12,861 $7,846 $(6,892)$13,815 
At September 30, 2020:
Total Assets$40,578 $24,977 $54,399 $119,954