Earnings Per Share and Dividends (Tables)

6 Months Ended

Jun. 30, 2019

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,
	2019		2018		2019		2018
Numerator
Net income attributable to RE/MAX Holdings, Inc.	$	8,570	$	7,648	$	12,979	$	12,631
Denominator for basic net income per share of Class A common stock
Weighted average shares of Class A common stock outstanding		17,808,321		17,746,042		17,791,942		17,727,671
Denominator for diluted net income per share of Class A common stock
Weighted average shares of Class A common stock outstanding		17,808,321		17,746,042		17,791,942		17,727,671
Add dilutive effect of the following:
Restricted stock units		25,637		23,599		33,938		35,921
Weighted average shares of Class A common stock outstanding, diluted		17,833,958		17,769,641		17,825,880		17,763,592
Earnings per share of Class A common stock
Net income attributable to RE/MAX Holdings, Inc. per share of Class A common stock, basic	$	0.48	$	0.43	$	0.73	$	0.71
Net income attributable to RE/MAX Holdings, Inc. per share of Class A common stock, diluted	$	0.48	$	0.43	$	0.73	$	0.71

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):

	Six Months Ended June 30,
	2019							2018
	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 20, 2019	$	0.21	$	3,740	$	2,638	March 21, 2018	$	0.20	$	3,547	$	2,512
June 30	May 29, 2019		0.21		3,739		2,638	May 30, 2018		0.20		3,549		2,512
		$	0.42	$	7,479	$	5,276		$	0.40	$	7,096	$	5,024