Quarterly Financial Information(unaudited)

12 Months Ended

Dec. 31, 2013

Quarterly Financial Information (unaudited)

18. Quarterly Financial Information (unaudited)

Summarized quarterly results for the years ended December 31, 2013 and 2012 were as follows:

	For the Quarter Ended
	March 31, 2013			June 30, 2013			September 30, 2013			December 31, 2013
	(in thousands)
Total revenue	$	39,075		$	39,241		$	40,312		$	40,234
Total operating expenses		29,715			25,744			25,758			30,565
Operating income		9,360			13,497			14,554			9,669
Total other expenses, net		(3,499	)		(3,372	)		(6,155	)		(2,958	)
Income before provision for income taxes		5,861			10,125			8,399			6,711
Provision for income taxes		(454	)		(577	)		(702	)		(1,111	)
Net income		5,407			9,548			7,697			5,600
Less: net income attributable to non-controlling interest		5,407			9,548			7,697			4,094
Net income attributable to RE/MAX Holdings, Inc.	$	-		$	-		$	-		$	1,506
										October 7, 2013 through December 31, 2013
Net income attributable to RE/MAX Holdings, Inc. per share of Class A common stock
Basic										$	0.13
Diluted										$	0.12
Weighted average shares of Class A common stock outstanding
Basic											11,607,971
Diluted											12,234,905
	For the Quarter Ended
	March 31, 2012			June 30, 2012			September 30, 2012			December 31, 2012
	(in thousands)
Total revenue	$	35,001		$	35,167		$	38,429		$	35,080
Total operating expenses		27,074			22,565			23,400			25,092
Operating income		7,927			12,602			15,029			9,988
Total other expenses, net		(2,792	)		(2,798	)		(2,043	)		(2,451	)
Income before provision for income taxes		5,135			9,804			12,986			7,537
Provision for income taxes		(466	)		(638	)		(636	)		(398	)
Net income		4,669			9,166			12,350			7,139
Less: net income attributable to non-controlling interest		4,669			9,166			12,350			7,139
Net income attributable to RE/MAX Holdings, Inc.	$	-		$	-		$	-		$	-