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Non-controlling Interest (Tables)
12 Months Ended
Dec. 31, 2016
Noncontrolling Interest  
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