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Earnings per share
12 Months Ended
Dec. 31, 2017
Earnings Per Share [Abstract]  
Earnings per share
Earnings per share

The calculation of basic and diluted earnings per share including a reconciliation of the numerator and denominator is as follows:
Year ended December 31,
 
2017
 
2016
 
2015
 
 
 
 
 
 
 
Numerator ($'000)
 
 
 
 
 
 
Net earnings/(losses) from continuing operations
 
(45,070
)
 
35,401

 
17,388

Net earnings/(losses) from discontinued operations
 
122

 
1,032

 
(1,534
)
Net losses/(earnings) attributable to non-controlling interests
 
(87
)
 
(109
)
 
411

 
 
 
 
 
 
 
Net earnings/(losses) attributable to Belmond Ltd.
 
(45,035
)
 
36,324

 
16,265

 
 
 
 
 
 
 
Denominator (shares '000)
 
 
 
 
 
 
Basic weighted average shares outstanding
 
102,169

 
101,586

 
103,163

Effect of dilution
 

 
1,369

 
1,193

 
 
 
 
 
 
 
Diluted weighted average shares outstanding
 
102,169

 
102,955

 
104,356

 
 
 
 
 
 
 
 
 
$
 
$
 
$
Basic earnings per share
 
 
 
 
 
 
Net earnings/(losses) from continuing operations
 
(0.441
)
 
0.348

 
0.169

Net earnings/(losses) from discontinued operations
 
0.001

 
0.010

 
(0.015
)
Net losses/(earnings) attributable to non-controlling interests
 
(0.001
)
 
(0.001
)
 
0.004

 
 
 
 
 
 
 
Net earnings/(losses) attributable to Belmond Ltd.
 
(0.441
)
 
0.357

 
0.158

 
 
 
 
 
 
 
Diluted earnings per share
 
 
 
 
 
 
Net earnings/(losses) from continuing operations
 
(0.441
)
 
0.344

 
0.167

Net earnings/(losses) from discontinued operations
 
0.001

 
0.010

 
(0.015
)
Net losses/(earnings) attributable to non-controlling interests
 
(0.001
)
 
(0.001
)
 
0.004

 
 
 
 
 
 
 
Net earnings/(losses) attributable to Belmond Ltd.
 
(0.441
)
 
0.353

 
0.156



The total number of share options and share-based awards excluded from computing diluted earnings per share were as follows: 
Year ended December 31,
 
2017
 
2016
 
2015
 
 
 
 
 
 
 
Share options
 
2,704,707

 
1,679,817

 
1,441,972

Share-based awards
 
1,271,738

 

 

 
 
 
 
 
 
 
Total
 
3,976,445

 
1,679,817

 
1,441,972


 
The number of share options and share-based awards unexercised at December 31, 2017 was 3,976,445 (2016 - 3,904,614; 2015 - 3,950,794).