Non-controlling Interest (Tables)

12 Months Ended

Dec. 31, 2020

Noncontrolling Interest

Summary of Ownership of the Common Units

	As of December 31,
	2020			2019
	Shares	Ownership %		Shares	Ownership %
Non-controlling interest ownership of common units in RMCO	12,559,600	40.6	%	12,559,600	41.3	%
Holdings outstanding Class A common stock (equal to Holdings common units in RMCO)	18,390,691	59.4	%	17,838,233	58.7	%
Total common units in RMCO	30,950,291	100.0	%	30,397,833	100.0	%

Reconciliation from Income Before Provision for Income Taxes to Net Income

	Year Ended December 31,
	2020									2019									2018
	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)		59.1	%		40.9	%		100.0	%		58.6	%		41.4	%		100.0	%		58.6	%		41.4	%		100.0	%
Income before provision for income taxes(a)	$	17,243		$	11,880		$	29,123		$	33,850		$	23,915		$	57,765		$	41,238		$	24,926		$	66,164
Provision for income taxes(b)(c)		(6,279)			(2,824)			(9,103)			(8,810)			(2,099)			(10,909)			(14,355)			(1,987)			(16,342)
Net income	$	10,964		$	9,056		$	20,020		$	25,040		$	21,816		$	46,856		$	26,883		$	22,939		$	49,822

(a) The weighted average ownership percentage of RMCO differs from the allocation of income before provision for income taxes between RE/MAX Holdings and the non-controlling interest due to certain relatively insignificant items recorded at RE/MAX Holdings.

(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, both taxes in foreign jurisdictions and domestic taxes on subsidiaries which converted to LLCs in 2020. 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 directly incurred by RMCO and its subsidiaries, both taxes in foreign jurisdictions and domestic taxes on subsidiaries which converted to LLCs in 2020. Otherwise, because RMCO is a flow-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,
	2020		2019
Tax and other distributions	$	3,006	$	4,880
Dividend distributions		11,052		10,550
Total distributions to non-controlling unitholders	$	14,058	$	15,430