Non-controlling Interest (Tables)

12 Months Ended

Dec. 31, 2015

Summary of Ownership of the Common Units

The ownership of the common units in RMCO is summarized as follows:


	As of December 31,
	2015			2014
	Shares	Ownership %		Shares	Ownership %
Non-controlling unitholders ownership of common units in RMCO	12,559,600	41.67	%	17,734,600	60.11	%
RE/MAX Holdings, Inc. outstanding Class A common stock (equal to RE/MAX Holdings, Inc. common units in RMCO)	17,584,351	58.33	%	11,768,041	39.89	%
Total common units in RMCO	30,143,951	100.00	%	29,502,641	100.00	%

Summary of Reconciliation from Income Before Provision for Income Taxes to Net Income

The weighted average ownership percentages for the applicable reporting period are used to calculate the net income attributable to RE/MAX Holdings. A reconciliation from “Income before provision for income taxes” to “Net income attributable to RE/MAX Holdings, Inc.” for the periods indicated is detailed as follows (in thousands, except percentages):


					Period from
	Year Ended		Year Ended		October 7 through
	December 31, 2015		December 31, 2014		December 31, 2013
Income before provision for income taxes attributable to RE/MAX Holdings, Inc.	$	26,797	$	21,339	$	2,393
Provision for income taxes attributable to RE/MAX Holdings, Inc.		(10,142)		(7,903)		(887)
Net income attributable to RE/MAX Holdings, Inc.	$	16,655	$	13,436	$	1,506

Summary of Reconciliation of Provision for Income Taxes

A reconciliation of the “Provision for income taxes” for the periods indicated is detailed as follows (in thousands):


					Period from
	Year Ended		Year Ended		October 7 through
	December 31, 2015		December 31, 2014		December 31, 2013
Provision for income taxes attributable to RE/MAX Holdings, Inc. (a)	$	(10,142)	$	(7,903)	$	(887)
Provision for income taxes attributable to entities other than RE/MAX Holdings, Inc. (b)		(1,888)		(2,045)		(184)
Provision for income taxes	$	(12,030)	$	(9,948)	$	(1,071)

(a)

The provision for income taxes attributable to RE/MAX Holdings includes all U.S. federal and state income taxes as well as RE/MAX Holdings’ proportionate share of the net assets of RMCO of the taxes imposed directly on RE/MAX, LLC, a wholly-owned subsidiary of RMCO, related to tax liabilities in certain foreign jurisdictions of approximately $1,280,000 and $1,339,000 for the years ended December 31, 2015 and 2014, respectively, and $120,000 for the period from October 7, 2013 through December 31, 2013.

(b)

The provision for income taxes attributable to entities other than RE/MAX Holdings represents primarily taxes imposed directly on RE/MAX, LLC related to tax liabilities in certain foreign jurisdictions that are allocated to the non-controlling interest.