Earnings Per Share and Dividends

3 Months Ended

Mar. 31, 2020

Earnings Per Share and Dividends

Earnings Per Share and Dividends

4. Earnings Per Share and Dividends

Earnings Per Share

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):

	Three Months Ended March 31,
	2020		2019
Numerator
Net income attributable to RE/MAX Holdings, Inc.	$	2,631	$	4,409
Denominator for basic net income per share of Class A common stock
Weighted average shares of Class A common stock outstanding		17,974,264		17,775,381
Denominator for diluted net income per share of Class A common stock
Weighted average shares of Class A common stock outstanding		17,974,264		17,775,381
Add dilutive effect of the following:
Restricted stock units		59,367		42,239
Weighted average shares of Class A common stock outstanding, diluted		18,033,631		17,817,620
Earnings per share of Class A common stock
Net income attributable to RE/MAX Holdings, Inc. per share of Class A common stock, basic	$	0.15	$	0.25
Net income attributable to RE/MAX Holdings, Inc. per share of Class A common stock, diluted	$	0.15	$	0.25

Outstanding Class B common stock does not share in the earnings of Holdings and is therefore not a participating security. Accordingly, basic and diluted net income per share of Class B common stock has not been presented.

Dividends

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):

	Three Months Ended March 31,
	2020							2019
Quarter end declared	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
March 31	March 18, 2020	$	0.22	$	3,986	$	2,763	March 20, 2019	$	0.21	$	3,740	$	2,638

On May 5, 2020, the Company’s Board of Directors declared a quarterly dividend of $0.22 per share on all outstanding shares of Class A common stock, which is payable on June 2, 2020 to stockholders of record at the close of business on May 19, 2020.