Non-controlling Interest (Tables)

12 Months Ended

Dec. 31, 2016

Summary of Ownership of the Common Units


	As of December 31,
	2016			2015
	Shares	Ownership %		Shares	Ownership %
Non-controlling unitholders ownership of common units in RMCO	12,559,600	41.57	%	12,559,600	41.67	%
RE/MAX Holdings, Inc. outstanding Class A common stock (equal to RE/MAX Holdings, Inc. common units in RMCO)	17,652,548	58.43	%	17,584,351	58.33	%
Total common units in RMCO	30,212,148	100.00	%	30,143,951	100.00	%

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

A reconciliation of “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):


	Year Ended		Year Ended		Year Ended
	December 31, 2016		December 31, 2015		December 31, 2014
Income before provision for income taxes attributable to RE/MAX Holdings, Inc.	$	36,787	$	26,797	$	21,339
Provision for income taxes attributable to RE/MAX Holdings, Inc.		(14,050)		(10,142)		(7,903)
Net income attributable to RE/MAX Holdings, Inc.	$	22,737	$	16,655	$	13,436

Summary of Reconciliation of Provision for Income Taxes

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


	Year Ended		Year Ended		Year Ended
	December 31, 2016		December 31, 2015		December 31, 2014
Provision for income taxes attributable to RE/MAX Holdings, Inc. (a)	$	(14,050)	$	(10,142)	$	(7,903)
Provision for income taxes attributable to entities other than RE/MAX Holdings, Inc. (b)		(1,223)		(1,888)		(2,045)
Provision for income taxes	$	(15,273)	$	(12,030)	$	(9,948)

(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 $1,676,000, $1,280,000 and $1,339,000 for the years ended December 31, 2016, 2015 and 2014, respectively.

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

Distributions Paid or Payable


	Year Ended
	December 31,
	2016		2015
Tax and other distributions	$	10,391	$	7,358
Dividend distributions		7,536		35,469
Total distributions	$	17,927	$	42,827