Earnings Per Share and Dividends (Tables)

12 Months Ended

Dec. 31, 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 shares and per share information):

	Year Ended December 31,
	2019		2018		2017
Numerator
Net income attributable to RE/MAX Holdings, Inc.	$	25,040	$	26,883	$	10,099
Denominator for basic net income per share of Class A common stock
Weighted average shares of Class A common stock outstanding		17,812,065		17,737,649		17,688,533
Denominator for diluted net income per share of Class A common stock
Weighted average shares of Class A common stock outstanding		17,812,065		17,737,649		17,688,533
Add dilutive effect of the following:
Restricted stock units		55,687		29,850		43,267
Weighted average shares of Class A common stock outstanding, diluted		17,867,752		17,767,499		17,731,800
Earnings per share of Class A common stock
Net income attributable to RE/MAX Holdings, Inc. per share of Class A common stock, basic	$	1.41	$	1.52	$	0.57
Net income attributable to RE/MAX Holdings, Inc. per share of Class A common stock, diluted	$	1.40	$	1.51	$	0.57

Schedule of Dividends Declared and Paid Quarterly per Share

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

	Year Ended December 31,
	2019			2018			2017
Quarter end declared	Date paid	Per share		Date paid	Per share		Date paid	Per share
March 31	March 20, 2019	$	0.21	March 21, 2018	$	0.20	March 22, 2017	$	0.18
June 30	May 29, 2019		0.21	May 30, 2018		0.20	May 31, 2017		0.18
September 30	August 29, 2019		0.21	August 29, 2018		0.20	August 30, 2017		0.18
December 31	November 27, 2019		0.21	November 28, 2018		0.20	November 29, 2017		0.18
		$	0.84		$	0.80		$	0.72