Earnings Per Share, Dividends and Repurchases (Tables)

6 Months Ended

Jun. 30, 2022

Earnings Per Share, Dividends and Repurchases

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 earnings per share (“EPS”) calculations (in thousands, except shares and per share information):

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2022		2021		2022		2021
Numerator
Net income (loss) attributable to RE/MAX Holdings, Inc.	$	5,829	$	5,261	$	7,280	$	6,424
Denominator for basic net income (loss) per share of Class A common stock
Weighted average shares of Class A common stock outstanding		18,997,397		18,719,477		18,965,911		18,608,005
Denominator for diluted net income (loss) per share of Class A common stock
Weighted average shares of Class A common stock outstanding		18,997,397		18,719,477		18,965,911		18,608,005
Add dilutive effect of the following:
Restricted stock		155,952		221,866		216,566		296,031
Weighted average shares of Class A common stock outstanding, diluted		19,153,349		18,941,343		19,182,477		18,904,036
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	$	0.31	$	0.28	$	0.38	$	0.35
Net income (loss) attributable to RE/MAX Holdings, Inc. per share of Class A common stock, diluted	$	0.30	$	0.28	$	0.38	$	0.34

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):

	Six Months Ended June 30,
	2022							2021
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 16, 2022	$	0.23	$	4,439	$	2,889	March 17, 2021	$	0.23	$	4,326	$	2,889
June 30	May 25, 2022		0.23		4,420		2,889	June 2, 2021		0.23		4,345		2,889
		$	0.46	$	8,859	$	5,778		$	0.46	$	8,671	$	5,778