Earnings (Loss) Per Share and Dividends (Tables)

12 Months Ended

Dec. 31, 2021

Earnings (Loss) 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,
	2021		2020		2019
Numerator
Net income (loss) attributable to RE/MAX Holdings, Inc.	$	(15,616)	$	11,250	$	25,280
Denominator for basic net income (loss) per share of Class A common stock
Weighted average shares of Class A common stock outstanding		18,690,442		18,170,348		17,812,065
Denominator for diluted net income (loss) per share of Class A common stock
Weighted average shares of Class A common stock outstanding		18,690,442		18,170,348		17,812,065
Add dilutive effect of the following:
Restricted stock (a)		—		153,898		55,687
Weighted average shares of Class A common stock outstanding, diluted		18,690,442		18,324,246		17,867,752
Earnings (loss) per share of Class A common stock
Net income (loss) attributable to RE/MAX Holdings, Inc. per share of Class A common stock, basic	$	(0.84)	$	0.62	$	1.42
Net income (loss) attributable to RE/MAX Holdings, Inc. per share of Class A common stock, diluted	$	(0.84)	$	0.61	$	1.41

(a) As the Company had a net loss for the year ended December 31, 2021, these shares would have been considered anti-dilutive and therefore there is no effect on the weighted average shares of Class A common stock outstanding EPS calculation.

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,
	2021			2020			2019
Quarter end declared	Date paid	Per share		Date paid	Per share		Date paid	Per share
March 31	March 17, 2021	$	0.23	March 18, 2020	$	0.22	March 20, 2019	$	0.21
June 30	June 2, 2021		0.23	June 2, 2020		0.22	May 29, 2019		0.21
September 30	August 31, 2021		0.23	September 2, 2020		0.22	August 28, 2019		0.21
December 31	December 1, 2021		0.23	December 2, 2020		0.22	November 27, 2019		0.21
		$	0.92		$	0.88		$	0.84