Earnings (Loss) Per Share and Dividends (Tables)

12 Months Ended

Dec. 31, 2023

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,
	2023		2022		2021
Numerator
Net income (loss) attributable to RE/MAX Holdings, Inc.	$	(69,022)	$	6,110	$	(15,616)
Denominator for basic net income (loss) per share of Class A common stock
Weighted average shares of Class A common stock outstanding		18,111,409		18,678,774		18,690,442
Denominator for diluted net income (loss) per share of Class A common stock
Weighted average shares of Class A common stock outstanding		18,111,409		18,678,774		18,690,442
Add dilutive effect of the following:
Restricted stock (a)		—		165,922		—
Weighted average shares of Class A common stock outstanding, diluted		18,111,409		18,844,696		18,690,442
Net income (loss) attributable to RE/MAX Holdings, Inc. per share of Class A common stock
Basic	$	(3.81)	$	0.33	$	(0.84)
Diluted	$	(3.81)	$	0.32	$	(0.84)

(a) As the Company had a net loss for the years ended December 31, 2023 and 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,
	2023			2022			2021
Quarter end declared	Date paid	Per share		Date paid	Per share		Date paid	Per share
March 31	March 22, 2023	$	0.23	March 16, 2022	$	0.23	March 17, 2021	$	0.23
June 30	May 31, 2023		0.23	May 25, 2022		0.23	June 2, 2021		0.23
September 30	August 29, 2023		0.23	August 30, 2022		0.23	August 31, 2021		0.23
December 31	—		—	November 30, 2022		0.23	December 1, 2021		0.23
		$	0.69		$	0.92		$	0.92