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Earnings (loss) Per Share, Dividends and Repurchases (Tables)
9 Months Ended
Sep. 30, 2022
Earnings (loss) 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 (loss) per share (“EPS”) calculations (in thousands, except shares and per share information):

Three Months Ended

Nine Months Ended

September 30, 

September 30, 

2022

2021

2022

2021

Numerator

Net income (loss) attributable to RE/MAX Holdings, Inc.

$

140

$

(25,149)

$

7,420

$

(18,725)

Denominator for basic net income (loss) per share of
Class A common stock

Weighted average shares of Class A common stock outstanding

18,646,306

18,739,564

18,859,376

18,651,858

Denominator for diluted net income (loss) per share of
Class A common stock

Weighted average shares of Class A common stock outstanding

18,646,306

18,739,564

18,859,376

18,651,858

Add dilutive effect of the following:

Restricted stock (a)

230,557

221,229

Weighted average shares of Class A common stock outstanding, diluted

18,876,863

18,739,564

19,080,605

18,651,858

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

$

0.01

$

(1.34)

$

0.39

$

(1.00)

Net income (loss) attributable to RE/MAX Holdings, Inc. per share of Class A common stock, diluted

$

0.01

$

(1.34)

$

0.39

$

(1.00)

(a)As the Company had a net loss for the three and nine months ended September 30, 2021, those 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):

Nine Months Ended September 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

September 30

August 30, 2022

0.23

4,322

2,889

August 31, 2021

0.23

4,345

2,889

$

0.69

$

13,181

$

8,667

$

0.69

$

13,016

$

8,667