Consolidated Statements of Income - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2017	Mar. 31, 2016
Revenue:
Continuing franchise fees		$ 22,965	$ 18,907
Annual dues		8,235	7,904
Broker fees		8,235	7,201
Franchise sales and other franchise revenue		8,794	8,793
Brokerage revenue			112
Total revenue		48,229	42,917
Operating expenses:
Selling, operating and administrative expenses		26,794	23,232
Depreciation and amortization		5,995	3,721
(Gain) loss on sale or disposition of assets, net		(12)	107
Total operating expenses		32,777	27,060
Operating income		15,452	15,857
Other expenses, net:
Interest expense		(2,354)	(2,281)
Interest income		26	51
Foreign currency transaction (losses) gains		(23)	164
Loss on early extinguishment of debt			(136)
Total other expenses, net		(2,351)	(2,202)
Income before provision for income taxes		13,101	13,655
Provision for income taxes	[1],[2]	(3,030)	(3,259)
Net income		10,071	10,396
Less: net income attributable to non-controlling interest		5,159	5,456
Net income attributable to RE/MAX Holdings, Inc.		$ 4,912	$ 4,940
Common Class A
Net income attributable to RE/MAX Holdings, Inc. per share of Class A common stock
Basic		$ 0.28	$ 0.28
Diluted		$ 0.28	$ 0.28
Weighted average shares of Class A common stock outstanding
Basic		17,662,842	17,584,351
Diluted		17,716,013	17,638,667
Cash dividends declared per share of Class A common stock		$ 0.18	$ 0.15

[1] (b)    The provision for income taxes attributable to RE/MAX Holdings is primarily comprised of U.S. federal and state income taxes on its proportionate share of the pass-through income from RMCO. However, it also includes its share of taxes imposed directly on RE/MAX, LLC and its consolidated subsidiaries (“RE/MAX, LLC”), a wholly-owned subsidiary of RMCO, related primarily to tax liabilities in certain foreign jurisdictions.

[2] (c)    The provision for income taxes attributable to the non-controlling interest represents its share of taxes imposed on RE/MAX, LLC related primarily to tax liabilities in certain foreign jurisdictions.