Non-controlling Interest (Tables)

12 Months Ended

Dec. 31, 2019

Noncontrolling Interest

Summary of Ownership of the Common Units

	As of December 31,
	2019			2018
	Shares	Ownership %		Shares	Ownership %
Non-controlling interest ownership of common units in RMCO	12,559,600	41.3	%	12,559,600	41.4	%
Holdings outstanding Class A common stock (equal to Holdings common units in RMCO)	17,838,233	58.7	%	17,754,416	58.6	%
Total common units in RMCO	30,397,833	100.0	%	30,314,016	100.0	%

Reconciliation from Income Before Provision for Income Taxes to Net Income

	Year Ended December 31,
	2019									2018									2017
	RE/MAX Holdings, Inc.			Non-controlling interest			Total			RE/MAX Holdings, Inc.			Non-controlling interest			Total			RE/MAX Holdings, Inc.			Non-controlling interest			Total
Weighted average ownership percentage of RMCO(a)		58.6	%		41.4	%		100.0	%		58.6	%		41.4	%		100.0	%		58.5	%		41.5	%		100.0	%
Income before provision for income taxes(a)	$	33,850		$	23,915		$	57,765		$	41,238		$	24,926		$	66,164		$	65,493		$	23,369		$	88,862
Provision for income taxes(b)(c)		(8,810)			(2,099)			(10,909)			(14,355)			(1,987)			(16,342)			(55,394)			(2,148)			(57,542)
Net income	$	25,040		$	21,816		$	46,856		$	26,883		$	22,939		$	49,822		$	10,099		$	21,221		$	31,320

(a) The weighted average ownership percentage of RMCO differs from the allocation of income before provision for income taxes between Holdings and the non-controlling interest due to (i) certain relatively insignificant expenses and (ii) the significant gain on reduction in TRA liability in 2018 and 2017 attributable only to Holdings. See Note 12, Income Taxes for additional information.

(b) The provision for income taxes attributable to Holdings is primarily comprised of U.S. federal and state income taxes on its proportionate share of the pass-through income from RMCO. It also includes Holdings’ share of taxes directly incurred by RMCO and its subsidiaries, related primarily to tax liabilities in certain foreign jurisdictions. In 2018 and 2017, the provision for income taxes attributable to Holdings also includes a significant decrease in the value of deferred tax assets. See Note 12, Income Taxes for additional information.

(c) The provision for income taxes attributable to the non-controlling interest represents its share of taxes related primarily to tax liabilities in certain foreign jurisdictions directly incurred by RMCO or its subsidiaries. Because RMCO is a pass-through entity there is no U.S. federal and state income tax provision recorded on the non-controlling interest.

Distributions Paid or Payable

	Year Ended
	December 31,
	2019		2018
Tax and other distributions	$	4,880	$	4,511
Dividend distributions		10,550		10,048
Total distributions to non-controlling unitholders	$	15,430	$	14,559