Earnings Per Share and Dividends (Tables)

6 Months Ended

Jun. 30, 2017

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,
	2017		2016		2017		2016
Numerator
Net income attributable to RE/MAX Holdings, Inc.	$	7,529	$	6,961	$	12,442	$	11,901
Denominator for basic net income per share of Class A common stock
Weighted average shares of Class A common stock outstanding		17,696,842		17,636,590		17,679,936		17,610,470
Denominator for diluted net income per share of Class A common stock
Weighted average shares of Class A common stock outstanding		17,696,842		17,636,590		17,679,936		17,610,470
Add dilutive effect of the following:
Stock options		—		4,360		—		10,047
Restricted stock units		26,960		28,045		40,628		32,916
Weighted average shares of Class A common stock outstanding, diluted		17,723,802		17,668,995		17,720,564		17,653,433
Earnings per share of Class A common stock
Net income attributable to RE/MAX Holdings, Inc. per share of Class A common stock, basic	$	0.43	$	0.39	$	0.70	$	0.68
Net income attributable to RE/MAX Holdings, Inc. per share of Class A common stock, diluted	$	0.42	$	0.39	$	0.70	$	0.67