Equity-Based Compensation (Tables)

9 Months Ended

Sep. 30, 2016

Equity-Based Compensation

Employee Stock-Based Compensation Expense

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2016		2015		2016		2015
Employee stock-based compensation expense	$	501	$	430	$	1,812	$	1,098
Excess tax benefit		-		(50)		(201)		(2,411)
Net effect on net income attributable to RE/MAX Holdings, Inc.	$	501	$	380	$	1,611	$	(1,313)

Summary of Equity-Based Compensation Activity

	Restricted Stock	Stock
	Units	Options
Balance, January 1, 2016	96,765	28,057
Granted	89,359	—
Exercised	—	(28,057)
Shares vested (including tax withholding)(a)	(43,688)	—
Forfeited	(5,334)	—
Balance, September 30, 2016	137,102	—
Weighted average grant date fair value per share	32.19	—