Earnings Per Share and Dividends (Tables)

9 Months Ended

Sep. 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				Nine Months Ended
	September 30,				September 30,
	2015		2014		2015		2014
Numerator
Net income attributable to RE/MAX Holdings, Inc.	$	4,797	$	4,275	$	12,474	$	11,063
Denominator for basic net income per share of Class A common stock
Weighted average shares of Class A common stock outstanding		12,333,690		11,579,669		12,127,548		11,593,738
Denominator for diluted net income per share of Class A common stock
Weighted average shares of Class A common stock outstanding		12,333,690		11,579,669		12,127,548		11,593,738
Add dilutive effect of the following:
Stock options		51,171		590,285		163,777		590,736
Restricted stock units		35,887		59,056		24,338		50,686
Weighted average shares of Class A common stock outstanding, diluted		12,420,748		12,229,010		12,315,663		12,235,160
Earnings per share of Class A common stock
Net income attributable to RE/MAX Holdings, Inc. per share of Class A common stock, basic	$	0.39	$	0.37	$	1.03	$	0.95
Net income attributable to RE/MAX Holdings, Inc. per share of Class A common stock, diluted	$	0.39	$	0.35	$	1.01	$	0.90