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Earnings Per Share
 9 Months Ended
Sep. 30, 2014
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings per share

Basic earnings per share is 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. The number of shares included in the Company's 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 September 30,
 
Nine Months Ended September 30,
 
2014
 
2013
 
2014
 
2013
Basic weighted average number of shares outstanding
13,630,368

 
13,604,276

 
13,595,458

 
13,606,527

Net dilutive effect of share-based awards, treasury method (1)
667,074

 
567,526

 
621,789

 
503,604

Diluted weighted average number of shares outstanding
14,297,442

 
14,171,802

 
14,217,247

 
14,110,131

Net income for the period
$
4,625

 
$
5,508

 
$
6,792

 
$
12,467

Net income attributable to non-controlling interest, net of tax
155

 
271

 
652

 
719

Net income attributable to Oppenheimer Holdings Inc.
$
4,470

 
$
5,237

 
$
6,140

 
$
11,748

Basic earnings per share
$
0.33

 
$
0.38

 
$
0.45

 
$
0.86

Diluted earnings per share
$
0.31

 
$
0.37

 
$
0.43

 
$
0.83

 

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