Revenue (Tables)

3 Months Ended

Mar. 31, 2018

Revenue, Initial Application Period Cumulative Effect Transition [Line Items]

Schedule of capitalized contract costs

The activity in the Company’s capitalized contract costs for commissions (which are included in “other current assets” and “other assets, net of current portion” on the Condensed Consolidated Balance Sheets) consist of the following (in thousands):

			Expense recognized
	Balance at		that is included in		Additions to contract		Balance at end
	beginning of period		beginning balance		cost for new activity		of period
Three months ended March 31, 2018	$	3,532	$	(325)	$	470	$	3,677

Schedule of Transaction Price Allocated to the Remaining Performance Obligations

	Remaining  nine months of 2018		2019		2020		2021		2022		2023		Thereafter		Total
Annual dues	$	16,029	$	1,002	$	-	$	-	$	-	$	-	$	-	$	17,031
Franchise sales		5,898		6,426		5,086		3,653		2,091		952		4,027		28,133
Total	$	21,927	$	7,428	$	5,086	$	3,653	$	2,091	$	952	$	4,027	$	45,164

ASU 2014-09

Revenue, Initial Application Period Cumulative Effect Transition [Line Items]

Schedule of Cumulative impact on financial statements

The following tables summarize the impacts of the new revenue standard adoption on the Company’s condensed consolidated financial statements (in thousands):

Condensed Consolidated Balance Sheet

	Impact of Changes in Accounting Policies
	As of December 31, 2017
	As previously reported		Adjustments		As adjusted
Accounts and notes receivable, current portion, net	$	21,304	$	(1,020)	$	20,284
Income taxes receivable		870		93		963
Other current assets		6,924		1,050		7,974
Deferred tax assets, net		59,151		3,690		62,841
Other assets, net of current portion		1,563		2,460		4,023
Income taxes payable		133		(36)		97
Deferred revenue		18,918		6,350		25,268
Deferred revenue, net of current		-		20,228		20,228
Retained earnings		16,027		(7,627)		8,400
Accumulated other comprehensive income, net of tax		515		(56)		459
Non-controlling interest		(398,348)		(12,586)		(410,934)

Condensed Consolidated Statement of Income

	Impact of Changes in Accounting Policies
	Three Months Ended March 31, 2017
	As previously reported		Adjustments		As adjusted
Franchise sales and other revenue	$	8,794	$	(823)	$	7,971
Selling, operating and administrative expenses		26,794		(140)		26,654
Net income		10,071		(683)		9,388
Net income attributable to non-controlling interest		5,159		(311)		4,848
Net income attributable to RE/MAX Holdings, Inc.		4,912		(372)		4,540
Net income attributable to RE/MAX Holdings, Inc. per share of Class A common stock
Basic		0.28		(0.02)		0.26
Diluted		0.28		(0.02)		0.26

Condensed Consolidated Statement of Comprehensive Income

	Impact of Changes in Accounting Policies
	Three Months Ended March 31, 2017
	As previously reported		Adjustments		As adjusted
Net income	$	10,071	$	(683)	$	9,388
Change in cumulative translation adjustment		95		(6)		89
Comprehensive income		10,166		(689)		9,477
Comprehensive income attributable to non-controlling interest		5,210		(311)		4,899
Comprehensive income attributable to RE/MAX Holdings, Inc., net of tax		4,956		(378)		4,578

Condensed Consolidated Statement of Cash Flows

	Impact on Changes in Accounting Policies
	Three Months Ended March 31, 2017
	As previously reported		Adjustments		As adjusted
Net income	$	10,071	$	(683)	$	9,388
Changes in operating assets and liabilities		(2,368)		683		(1,685)

Annual dues

Revenue, Initial Application Period Cumulative Effect Transition [Line Items]

Schedule of contract liability

The activity in the Company’s annual dues deferred revenue consists of the following (in thousands):

	Balance at beginning of period		New billings		Revenue recognized(a)		Balance at end of period
Three months ended March 31, 2018	$	15,297	$	10,430	$	(8,696)	$	17,031

(a)Revenue recognized related to the beginning balance was $7.5 million for the three months ended March 31, 2018.

Franchise sales

Revenue, Initial Application Period Cumulative Effect Transition [Line Items]

Schedule of contract liability

The activity in the Company’s franchise sales deferred revenue accounts consists of the following (in thousands):

	Balance at beginning of period		New billings		Revenue recognized(a)		Balance at end of period
Three months ended March 31, 2018	$	27,943	$	2,534	$	(2,344)	$	28,133

(a)Revenue recognized related to the beginning balance was $2.1 million for the three months ended March 31, 2018.