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Earnings Per Share
 3 Months Ended
Mar. 31, 2016
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 Stock and 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 options to purchase Class A Stock and unvested 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,
 
2016
 
2015
Basic weighted average number of shares outstanding
13,379,827

 
13,704,228

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

 
578,042

Diluted weighted average number of shares outstanding
13,379,827

 
14,282,270

Net income (loss)
$
(3,909
)
 
$
6,121

Net income (loss) attributable to noncontrolling interest, net of tax
(62
)
 
402

Net income (loss) attributable to Oppenheimer Holdings Inc.
$
(3,847
)
 
$
5,719

Basic earnings (loss) per share
$
(0.29
)
 
$
0.42

Diluted earnings (loss) per share
$
(0.29
)
 
$
0.40

 
(1)
For the three months ended March 31, 2016, the diluted earnings per share computation does not include the anti-dilutive effect of 1,295,972 shares of Class A Stock granted under share-based compensation arrangements (46,076 for the three months ended March 31, 2015).