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).