Earnings Per Share and Dividends (Tables)

9 Months Ended

Sep. 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				Nine Months Ended
	September 30,				September 30,
	2019		2018		2019		2018
Numerator
Net income attributable to RE/MAX Holdings, Inc.	$	9,173	$	8,139	$	22,152	$	20,770
Denominator for basic net income per share of Class A common stock
Weighted average shares of Class A common stock outstanding		17,826,332		17,746,184		17,803,708		17,733,910
Denominator for diluted net income per share of Class A common stock
Weighted average shares of Class A common stock outstanding		17,826,332		17,746,184		17,803,708		17,733,910
Add dilutive effect of the following:
Restricted stock units		13,826		25,028		27,234		33,728
Weighted average shares of Class A common stock outstanding, diluted		17,840,158		17,771,212		17,830,942		17,767,638
Earnings per share of Class A common stock
Net income attributable to RE/MAX Holdings, Inc. per share of Class A common stock, basic	$	0.51	$	0.46	$	1.24	$	1.17
Net income attributable to RE/MAX Holdings, Inc. per share of Class A common stock, diluted	$	0.51	$	0.46	$	1.24	$	1.17

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,
	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
September 30	August 29, 2019		0.21		3,745		2,638	August 29, 2018		0.20		3,549		2,512
		$	0.63	$	11,224	$	7,914		$	0.60	$	10,645	$	7,536