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

9 Months Ended

Sep. 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				Nine Months Ended
	September 30,				September 30,
	2023		2022		2023		2022
Numerator
Net income (loss) attributable to RE/MAX Holdings, Inc.	$	(59,454)	$	140	$	(58,115)	$	7,420
Denominator for basic net income (loss) per share of Class A common stock
Weighted average shares of Class A common stock outstanding		18,150,557		18,646,306		18,064,009		18,859,376
Denominator for diluted net income (loss) per share of Class A common stock
Weighted average shares of Class A common stock outstanding		18,150,557		18,646,306		18,064,009		18,859,376
Add dilutive effect of the following:
Restricted stock (a)		—		230,557		—		221,229
Weighted average shares of Class A common stock outstanding, diluted		18,150,557		18,876,863		18,064,009		19,080,605
Net income (loss) attributable to RE/MAX Holdings, Inc. per share of Class A common stock
Basic	$	(3.28)	$	0.01	$	(3.22)	$	0.39
Diluted	$	(3.28)	$	0.01	$	(3.22)	$	0.39

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):
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	Nine Months Ended September 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
September 30	August 29, 2023		0.23		4,169		2,889	August 30, 2022		0.23		4,322		2,889
		$	0.69	$	12,501	$	8,667		$	0.69	$	13,181	$	8,667