Immaterial Corrections to Prior Period Financial Statements (Tables)

9 Months Ended

Sep. 30, 2021

Immaterial Corrections to Prior Period Financial Statements

Schedule of correction to prior period adjustments to financial statements

The following table reflects the impact of the immaterial correction on the Company’s previously reported consolidated financial statements (in thousands, except per share information):

	Three Months Ended				Nine Months Ended
	September 30, 2020				September 30, 2020
	As previously				As previously
	reported		As Adjusted		reported		As Adjusted
Depreciation and amortization	$	6,850	$	6,730	$	19,572	$	19,154
Operating income (loss)	$	10,815	$	10,935	$	31,260	$	31,678
Income (loss) before provision for income taxes	$	8,775	$	8,895	$	24,485	$	24,903
Provision for income taxes	$	(2,051)	$	(2,057)	$	(6,547)	$	(6,584)
Net income (loss)	$	6,724	$	6,838	$	17,938	$	18,319
Less: net income (loss) attributable to non-controlling interest	$	3,171	$	3,221	$	8,265	$	8,436
Net income (loss) attributable to RE/MAX Holdings, Inc.	$	3,553	$	3,617	$	9,673	$	9,883
Net income (loss) attributable to RE/MAX Holdings, Inc. per share of Class A common stock, basic	$	0.20	$	0.20	$	0.53	$	0.55
Net income (loss) attributable to RE/MAX Holdings, Inc. per share of Class A common stock, diluted	$	0.19	$	0.20	$	0.53	$	0.54