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Earnings Per Share
 6 Months Ended
Jun. 30, 2014
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings per share

Basic earnings per share was computed by dividing net income attributable to Oppenheimer Holdings Inc. by the weighted average number of shares of Class A non-voting common stock (“Class A Stock”) and Class B voting common stock (“Class B Stock”) outstanding. Diluted earnings per share includes the weighted average number of shares of Class A Stock and Class B Stock outstanding and restricted stock awards of Class A Stock using the treasury stock method.

Earnings per share have been calculated as follows:
(Expressed in thousands, except number of shares and per share amounts)
 
 
 
 
 
 
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2014
 
2013
 
2014
 
2013
Basic weighted average number of shares outstanding
13,618,174

 
13,607,348

 
13,577,714

 
13,607,671

Net dilutive effect of share-based awards, treasury method (1)
—

 
461,020

 
606,616

 
461,108

Diluted weighted average number of shares outstanding
13,618,174

 
14,068,368

 
14,184,330

 
14,068,779

Net income (loss) for the period
$
(1,253
)
 
$
3,066

 
$
2,167

 
$
6,959

Net income attributable to non-controlling interest, net of tax
301

 
218

 
497

 
448

Net income (loss) attributable to Oppenheimer Holdings Inc.
$
(1,554
)
 
$
2,848

 
$
1,670

 
$
6,511

Basic earnings (loss) per share
$
(0.11
)
 
$
0.21

 
$
0.12

 
$
0.48

Diluted earnings (loss) per share
$
(0.11
)
 
$
0.20

 
$
0.12

 
$
0.46

 

(1)
For the three and six months ended June 30, 2014, the diluted earnings per share computation does not include the anti-dilutive effect of 1,381,907 and 58,008 shares of Class A Stock granted under share-based compensation arrangements, respectively (57,573 shares of Class A Stock granted under share-based compensation arrangements for the three and six months ended June 30, 2013).