Earnings Per Share and Dividends (Tables)

12 Months Ended

Dec. 31, 2020

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,
	2020		2019		2018
Numerator
Net income attributable to RE/MAX Holdings, Inc.	$	10,964	$	25,040	$	26,883
Denominator for basic net income per share of Class A common stock
Weighted average shares of Class A common stock outstanding		18,170,348		17,812,065		17,737,649
Denominator for diluted net income per share of Class A common stock
Weighted average shares of Class A common stock outstanding		18,170,348		17,812,065		17,737,649
Add dilutive effect of the following:
Restricted stock		153,898		55,687		29,850
Weighted average shares of Class A common stock outstanding, diluted		18,324,246		17,867,752		17,767,499
Earnings per share of Class A common stock
Net income attributable to RE/MAX Holdings, Inc. per share of Class A common stock, basic	$	0.60	$	1.41	$	1.52
Net income attributable to RE/MAX Holdings, Inc. per share of Class A common stock, diluted	$	0.60	$	1.40	$	1.51

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,
	2020			2019			2018
Quarter end declared	Date paid	Per share		Date paid	Per share		Date paid	Per share
March 31	March 18, 2020	$	0.22	March 20, 2019	$	0.21	March 21, 2018	$	0.20
June 30	June 2, 2020		0.22	May 29, 2019		0.21	May 30, 2018		0.20
September 30	September 2, 2020		0.22	August 28, 2019		0.21	August 29, 2018		0.20
December 31	December 2, 2020		0.22	November 27, 2019		0.21	November 28, 2018		0.20
		$	0.88		$	0.84		$	0.80