Earnings Per Share and Dividends (Tables)

9 Months Ended

Sep. 30, 2018

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				2017
	2018		As adjusted*		2018		As adjusted*
Numerator
Net income attributable to RE/MAX Holdings, Inc.	$	8,139	$	3,717	$	20,770	$	15,715
Denominator for basic net income per share of Class A common stock
Weighted average shares of Class A common stock outstanding		17,746,184		17,696,991		17,733,910		17,685,683
Denominator for diluted net income per share of Class A common stock
Weighted average shares of Class A common stock outstanding		17,746,184		17,696,991		17,733,910		17,685,683
Add dilutive effect of the following:
Restricted stock units		25,028		40,795		33,728		40,764
Weighted average shares of Class A common stock outstanding, diluted		17,771,212		17,737,786		17,767,638		17,726,447
Earnings per share of Class A common stock
Net income attributable to RE/MAX Holdings, Inc. per share of Class A common stock, basic	$	0.46	$	0.21	$	1.17	$	0.89
Net income attributable to RE/MAX Holdings, Inc. per share of Class A common stock, diluted	$	0.46	$	0.21	$	1.17	$	0.89

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,
	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
June 30	May 30, 2018		0.20		3,549		2,512	May 31, 2017		0.18		3,185		2,261
September 30	August 29, 2018		0.20		3,549		2,512	August 30, 2017		0.18		3,185		2,261
		$	0.60	$	10,645	$	7,536		$	0.54	$	9,554	$	6,783