Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2015

Commitments And Contingencies Disclosure

Operating Leases Future Minimum Payments

Future minimum payments (including those allocated to an affiliate) under these leases and commitments, net of payments under sublease agreements, are as follows (in thousands):

	Rent Payments (a)		Sublease Receipts		Total Cash Outflows
Year ending December 31:
2016	$	8,144	$	(1,020)	$	7,124
2017		8,170		(915)		7,255
2018		8,320		(894)		7,426
2019		8,434		(527)		7,907
2020		8,684		(119)		8,565
Thereafter		68,043		—		68,043
	$	109,795	$	(3,475)	$	106,320

(a) As described in Note 5, Acquisitions and Dispositions, the Company sold RE/MAX Equity Group and RE/MAX 100 in 2015. In connection with these sales, the Company assigned its obligations under and rights, title and interest in a total of 18 leases to the respective purchaser as described further below. As of December 31, 2015, the Company was no longer contractually obligated to make rental payments under the respective lease agreements except in the event of default by the purchaser, and thus are not reflected as future minimum rental payments. In addition, the Company sold RE/MAX Northwest on January 20, 2016 and the related assets and liabilities sold were classified as held for sale as of December 31, 2015. Total rental payments under the three related operating leases of $2,740,000 are reflected as future minimum rental payments for purposes of this table.