Earnings (loss) Per Share, Dividends and Repurchases (Tables)

3 Months Ended

Mar. 31, 2023

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
	March 31,
	2023		2022
Numerator
Net income (loss) attributable to RE/MAX Holdings, Inc.	$	(671)	$	1,451
Denominator for basic net income (loss) per share of Class A common stock
Weighted average shares of Class A common stock outstanding		17,916,841		18,934,424
Denominator for diluted net income (loss) per share of Class A common stock
Weighted average shares of Class A common stock outstanding		17,916,841		18,934,424
Add dilutive effect of the following:
Restricted stock and restricted stock units (a)		—		277,179
Weighted average shares of Class A common stock outstanding, diluted		17,916,841		19,211,603
Net income (loss) attributable to RE/MAX Holdings, Inc. per share of Class A common stock
Basic	$	(0.04)	$	0.08
Diluted	$	(0.04)	$	0.08

(a) As the Company had a net loss for the three months ended March 31, 2023, the dilutive effect of restricted stock and restricted stock units 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):

	Three Months Ended March 31,
	2023							2022
Quarter end declared	Date paid	Per share		Class A stockholders ($)		Non-controlling unitholders ($)		Date paid	Per share		Class A stockholders ($)		Non-controlling unitholders ($)
March 31	March 22, 2023	$	0.23	$	4,164	$	2,889	March 16, 2022	$	0.23	$	4,439	$	2,889
		$	0.23	$	4,164	$	2,889		$	0.23	$	4,439	$	2,889