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