Non-controlling Interest (Tables)

3 Months Ended

Mar. 31, 2021

Summary of Ownership of the Common Units


	March 31, 2021			December 31, 2020
	Shares	Ownership %		Shares	Ownership %
Non-controlling interest ownership of common units in RMCO	12,559,600	40.2	%	12,559,600	40.6	%
Holdings outstanding Class A common stock (equal to Holdings common units in RMCO)	18,719,248	59.8	%	18,390,691	59.4	%
Total common units in RMCO	31,278,848	100.0	%	30,950,291	100.0	%

Reconciliation from Income Before Provision for Income Taxes to Net Income


	Three Months Ended March 31,
	2021									2020
	RE/MAX Holdings, Inc.			Non-controlling interest			Total			RE/MAX Holdings, Inc.			Non-controlling interest			Total
Weighted average ownership percentage of RMCO(a)		59.6	%		40.4	%		100	%		58.9	%		41.1	%		100.0	%
Income before provision for income taxes(a)	$	942		$	640		$	1,582		$	5,552		$	3,528		$	9,080
Provision for income taxes(b)(c)		150			(92)			58			(2,921)			(869)			(3,790)
Net income	$	1,092		$	548		$	1,640		$	2,631		$	2,659		$	5,290

(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 flow-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.

(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 and its subsidiaries. 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


	Three Months Ended March 31,
	2021		2020
Tax and other distributions	$	—	$	14
Dividend distributions		2,889		2,763
Total distributions to non-controlling unitholders	$	2,889	$	2,777