Earnings Per Share and Dividends (Tables)

3 Months Ended

Mar. 31, 2018

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
	March 31,
			2017
	2018		As adjusted*
Numerator
Net income attributable to RE/MAX Holdings, Inc.	$	4,983	$	4,540
Denominator for basic net income per share of Class A common stock
Weighted average shares of Class A common stock outstanding		17,709,095		17,662,842
Denominator for diluted net income per share of Class A common stock
Weighted average shares of Class A common stock outstanding		17,709,095		17,662,842
Add dilutive effect of the following:
Restricted stock units		53,038		53,171
Weighted average shares of Class A common stock outstanding, diluted		17,762,133		17,716,013
Earnings per share of Class A common stock
Net income attributable to RE/MAX Holdings, Inc. per share of Class A common stock, basic	$	0.28	$	0.26
Net income attributable to RE/MAX Holdings, Inc. per share of Class A common stock, diluted	$	0.28	$	0.26

*See Note 3, Revenue for more information.

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):

	Three Months Ended March 31,
	2018							2017
	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 21, 2018	$	0.20	$	3,547	$	2,512	March 22, 2017	$	0.18	$	3,184	$	2,261