Non-controlling Interest (Tables)

9 Months Ended

Sep. 30, 2014

Noncontrolling Interest [Abstract]

Summary of Ownership of the Common Units

The ownership of the common units in RMCO is summarized as follows:

	September 30, 2014					December 31, 2013
	Shares		Ownership %			Shares		Ownership %
Non-controlling unitholders ownership of common units in RMCO		17,734,600		60.47	%		17,734,600		60.44	%
RE/MAX Holdings, Inc. outstanding Class A common stock (equal to RE/MAX Holdings, Inc. common units in RMCO)		11,592,452		39.53	%		11,607,971		39.56	%
		29,327,052		100.00	%		29,342,571		100.00	%

Summary of Reconciliation from Income Before Provision for Income Taxes to Net Income

The aforementioned ownership percentages are used to calculate the net income attributable to RE/MAX Holdings. A reconciliation from “Income before provision for income taxes” to “Net income attributable to RE/MAX Holdings, Inc.” for the three and nine months ended September 30, 2014 is detailed as follows (in thousands, except percentages):

	Three months ended September30, 2014			Nine months ended September30, 2014
Income before provision for income taxes	$	17,171		$	44,492
Weighted average ownership percentage of controlling interest		39.50	%		39.53	%
Income before provision for income taxes attributable to RE/MAX Holdings, Inc.		6,783			17,588
Provision for income taxes attributable to RE/MAX Holdings, Inc.		(2,508	)		(6,525	)
Net income attributable to RE/MAX Holdings, Inc.	$	4,275		$	11,063

Summary of Reconciliation of Provision for Income Taxes

A reconciliation of the “Provision for income taxes” for the three and nine months ended September 30, 2014 is detailed as follows (in thousands):

	Three months ended September30, 2014			Nine months ended September30, 2014
Provision for income taxes attributable to RE/MAX Holdings, Inc. (a)	$	(2,508	)	$	(6,525	)
Provision for income taxes attributable to entities other than RE/MAX Holdings, Inc. (b)		(608	)		(1,605	)
Provision for income taxes	$	(3,116	)	$	(8,130	)

(a) The provision for income taxes attributable to RE/MAX Holdings includes all U.S. federal and state income taxes as well as RE/MAX Holdings’ approximate 40% share of the taxes imposed directly on RE/MAX, LLC, a wholly-owned subsidiary of RMCO, related to tax liabilities in certain foreign jurisdictions of approximately $395,000 and $1,049,000 for the three and nine months ended September 30, 2014, respectively.

(b) The provision for income taxes attributable to entities other than RE/MAX Holdings represents taxes imposed directly on RE/MAX, LLC related to tax liabilities in certain foreign jurisdictions that are allocated to the non-controlling interest.