Immaterial Corrections to Prior Period Financial Statements (Tables)

12 Months Ended

Dec. 31, 2020

Immaterial Corrections to Prior Period Financial Statements

Schedule of correction to prior period adjustments to financial statements

	As of December 31,
	2020				2019
	As previously				As previously
	reported		As adjusted		reported		As adjusted
Franchise agreements, net	$	72,196	$	69,802	$	87,670	$	84,691
Goodwill	$	175,835	$	165,358	$	159,038	$	148,561
Deferred tax assets, net	$	48,855	$	50,702	$	52,595	$	54,501
Total assets	$	557,392	$	546,368	$	542,352	$	530,802
Retained earnings	$	25,139	$	25,628	$	30,525	$	30,732
Non-controlling interest	$	(404,494)	$	(416,007)	$	(399,510)	$	(411,267)
Total stockholders' equity	$	112,681	$	101,657	$	98,376	$	86,826

	For the Year Ended December 31,
	2020				2019				2018
	As previously				As previously				As previously
	reported		As adjusted		reported		As adjusted		reported		As adjusted
Depreciation and amortization	$	26,691	$	26,106	$	22,323	$	21,792	$	20,678	$	20,121
Operating income	$	38,008	$	38,593	$	68,439	$	68,970	$	77,851	$	78,408
Income before provision for income taxes	$	29,123	$	29,708	$	57,765	$	58,296	$	66,164	$	66,721
Provision for income taxes	$	(9,103)	$	(9,162)	$	(10,909)	$	(10,982)	$	(16,342)	$	(16,419)
Net income	$	20,020	$	20,546	$	46,856	$	47,314	$	49,822	$	50,302
Less: net income attributable to non-controlling interest	$	9,056	$	9,296	$	21,816	$	22,034	$	22,939	$	23,168
Net income attributable to RE/MAX Holdings, Inc.	$	10,964	$	11,250	$	25,040	$	25,280	$	26,883	$	27,134
Net income attributable to RE/MAX Holdings, Inc. per share of Class A common stock, basic	$	0.60	$	0.62	$	1.41	$	1.42	$	1.52	$	1.53
Net income attributable to RE/MAX Holdings, Inc. per share of Class A common stock, diluted	$	0.60	$	0.61	$	1.40	$	1.41	$	1.51	$	1.53