Earnings Per Share and Dividends (Tables)

6 Months Ended

Jun. 30, 2015

Earnings Per Share and Dividends

Reconciliation of Numerator and Denominator used in Basic and Diluted EPS Calculations

The following is a reconciliation of the numerator and denominator used in the basic and diluted EPS calculations (in thousands, except share and per share information):

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2015		2014		2015		2014
Numerator
Net income attributable to RE/MAX Holdings, Inc.	$	4,970	$	4,377	$	7,688	$	6,788
Denominator for basic net income per share of Class A common stock
Weighted average shares of Class A common stock outstanding		12,225,678		11,593,885		12,022,769		11,600,889
Denominator for diluted net income per share of Class A common stock
Weighted average shares of Class A common stock outstanding		12,225,678		11,593,885		12,022,769		11,600,889
Add dilutive effect of the following:
Stock options		146,638		587,906		301,928		590,953
Restricted stock units		27,211		48,223		22,137		46,347
Weighted average shares of Class A common stock outstanding, diluted		12,399,527		12,230,014		12,346,834		12,238,189
Earnings per share of Class A common stock
Net income attributable to RE/MAX Holdings, Inc. per share of Class A common stock, basic	$	0.41	$	0.38	$	0.64	$	0.59
Net income attributable to RE/MAX Holdings, Inc. per share of Class A common stock, diluted	$	0.40	$	0.36	$	0.62	$	0.55