Earnings Per Share and Dividends (Tables)

9 Months Ended

Sep. 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				Nine Months Ended
	September 30,				September 30,
	2017		2016		2017		2016
Numerator
Net income attributable to RE/MAX Holdings, Inc.	$	3,835	$	6,786	$	16,277	$	18,539
Denominator for basic net income per share of Class A common stock
Weighted average shares of Class A common stock outstanding		17,696,991		17,645,696		17,685,683		17,622,298
Denominator for diluted net income per share of Class A common stock
Weighted average shares of Class A common stock outstanding		17,696,991		17,645,696		17,685,683		17,622,298
Add dilutive effect of the following:
Stock options		—		—		—		6,714
Restricted stock units		40,795		45,945		40,764		37,728
Weighted average shares of Class A common stock outstanding, diluted		17,737,786		17,691,641		17,726,447		17,666,740
Earnings per share of Class A common stock
Net income attributable to RE/MAX Holdings, Inc. per share of Class A common stock, basic	$	0.22	$	0.38	$	0.92	$	1.05
Net income attributable to RE/MAX Holdings, Inc. per share of Class A common stock, diluted	$	0.22	$	0.38	$	0.92	$	1.05

Schedule of Dividends Declared and Paid Quarterly per Share

Dividends declared and paid quarterly per share on all outstanding shares of Class A common stock were as follows (in thousands, except share and per share information):

	Nine Months Ended September 30,
	2017							2016
	Date paid	Per share		Amount paid to Class A stockholders		Amount paid to non-controlling unitholders		Date paid	Per share		Amount paid to Class A stockholders		Amount paid to non-controlling unitholders
Dividend declared during quarter ended:
March 31	March 22, 2017	$	0.18	$	3,184	$	2,261	March 23, 2016	$	0.15	$	2,638	$	1,884
June 30	May 31, 2017		0.18		3,185		2,261	June 2, 2016		0.15		2,647		1,884
September 30	August 30, 2017		0.18		3,185		2,261	August 31, 2016		0.15		2,647		1,884
		$	0.54	$	9,554	$	6,783		$	0.45	$	7,932	$	5,652