Earnings Per Share

3 Months Ended

Mar. 31, 2015

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. 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)
	For the Three Months Ended March 31,
	2015		2014
Basic weighted average number of shares outstanding	13,704,228		13,536,805
Net dilutive effect of share-based awards, treasury method (1)	578,042		578,152
Diluted weighted average number of shares outstanding	14,282,270		14,114,957
Net income for the period	$	6,121	$	3,420
Net income attributable to noncontrolling interest, net of tax	402		196
Net income attributable to Oppenheimer Holdings Inc.	$	5,719	$	3,224
Basic earnings per share	$	0.42	$	0.24
Diluted earnings per share	$	0.40	$	0.23

(1) For the three months ended March 31, 2015, the diluted earnings per share computation does not include the anti-dilutive effect of 46,076 shares of Class A Stock granted under share-based compensation arrangements (55,309 shares of Class A Stock granted under share-based compensation arrangements for the three months ended March 31, 2014).