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

6 Months Ended

Jun. 30, 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				Six Months Ended
	June 30,				June 30,
	2023		2022		2023		2022
Numerator
Net income (loss) attributable to RE/MAX Holdings, Inc.	$	2,010	$	5,829	$	1,339	$	7,280
Denominator for basic net income (loss) per share of Class A common stock
Weighted average shares of Class A common stock outstanding		18,124,630		18,997,397		18,020,736		18,965,911
Denominator for diluted net income (loss) per share of Class A common stock
Weighted average shares of Class A common stock outstanding		18,124,630		18,997,397		18,020,736		18,965,911
Add dilutive effect of the following:
Restricted stock		263,039		155,952		131,520		216,566
Weighted average shares of Class A common stock outstanding, diluted		18,387,669		19,153,349		18,152,256		19,182,477
Net income (loss) attributable to RE/MAX Holdings, Inc. per share of Class A common stock
Basic	$	0.11	$	0.31	$	0.07	$	0.38
Diluted	$	0.11	$	0.30	$	0.07	$	0.38

Schedule of Dividends Declared and Paid Quarterly per Share

	Six Months Ended June 30,
	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
June 30	May 31, 2023		0.23		4,168		2,889	May 25, 2022		0.23		4,420		2,889
		$	0.46	$	8,332	$	5,778		$	0.46	$	8,859	$	5,778