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Earnings (loss) Per Share, Dividends and Repurchases | 6 Months Ended
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Jun. 30, 2023
Earnings (loss) Per Share, Dividends and Repurchases |
Earnings (loss) Per Share, Dividends and Repurchases | 4. Earnings (loss) Per Share, Dividends and Repurchases Earnings (loss) Per Share 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
​ Outstanding Class B common stock does not share in the earnings of Holdings and is therefore not a participating security. Accordingly, basic and diluted net income (loss) per share of Class B common stock has not been presented. Dividends 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): ​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 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 | ​
​ On August 1, 2023, the Company’s Board of Directors declared a quarterly dividend of $0.23 per share on all outstanding shares of Class A common stock, payable on August 29, 2023 to stockholders of record at the close of business on August 15, 2023. Share Repurchases and Retirement In January 2022, the Company’s Board of Directors authorized a common stock repurchase program of up to $100 million. During the six months ended June 30, 2023, 160,405 shares of the Company’s Class A common stock were repurchased and retired for $3.4 million excluding commissions, at a weighted average cost of $21.24. As of June 30, 2023, $62.5 million remained available under the share repurchase program.

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