Earnings (Loss) Per Share and Dividends (Tables)

12 Months Ended

Dec. 31, 2022

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,
	2022		2021		2020
Numerator
Net income (loss) attributable to RE/MAX Holdings, Inc.	$	6,110	$	(15,616)	$	11,250
Denominator for basic net income (loss) per share of Class A common stock
Weighted average shares of Class A common stock outstanding		18,678,774		18,690,442		18,170,348
Denominator for diluted net income (loss) per share of Class A common stock
Weighted average shares of Class A common stock outstanding		18,678,774		18,690,442		18,170,348
Add dilutive effect of the following:
Restricted stock (a)		165,922		—		153,898
Weighted average shares of Class A common stock outstanding, diluted		18,844,696		18,690,442		18,324,246
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	$	0.33	$	(0.84)	$	0.62
Net income (loss) attributable to RE/MAX Holdings, Inc. per share of Class A common stock, diluted	$	0.32	$	(0.84)	$	0.61

(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,
	2022			2021			2020
Quarter end declared	Date paid	Per share		Date paid	Per share		Date paid	Per share
March 31	March 16, 2022	$	0.23	March 17, 2021	$	0.23	March 18, 2020	$	0.22
June 30	May 25, 2022		0.23	June 2, 2021		0.23	June 2, 2020		0.22
September 30	August 30, 2022		0.23	August 31, 2021		0.23	September 2, 2020		0.22
December 31	November 30, 2022		0.23	December 1, 2021		0.23	December 2, 2020		0.22
		$	0.92		$	0.92		$	0.88