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Earnings Per Share
 6 Months Ended
Jun. 30, 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 June 30,
 
For the Six Months Ended June 30,
 
2016
 
2015
 
2016
 
2015
Net income (loss) from continuing operations
$
(2,619
)
 
$
(1,501
)
 
$
(6,147
)
 
$
2,158

Net income from discontinued operations
9,330

 
2,146

 
8,949

 
4,608

Net income
6,711


645


2,802


6,766

Less net income attributable to noncontrolling interest, net of tax
1,523

 
350

 
1,461

 
752

Net income attributable to Oppenheimer Holdings Inc.
$
5,188


$
295


$
1,341


$
6,014

 
 
 
 
 
 
 
 
Basic weighted average number of shares outstanding
13,367,248

 
13,745,957

 
13,373,537

 
13,725,208

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

 
—

 
—

 
617,266

Diluted weighted average number of shares outstanding
13,367,248

 
13,745,957

 
13,373,537

 
14,342,474

 
 
 
 
 
 
 
 
Basic earnings (loss) per share attributable to Oppenheimer Holdings Inc.
 
 
 
 
 
 
 
Continuing operations
$
(0.20
)
 
$
(0.11
)
 
$
(0.46
)
 
$
0.16

Discontinued operations
0.59

 
0.13

 
0.56

 
0.28

Net earnings per share attributable to Oppenheimer Holdings Inc.
$
0.39


$
0.02


$
0.10


$
0.44

 
 
 
 
 
 
 
 
Diluted earnings (loss) per share attributable to Oppenheimer Holdings Inc.
 
 
 
 
 
 
 
Continuing operations
$
(0.20
)
 
$
(0.11
)
 
$
(0.46
)
 
$
0.15

Discontinued operations
0.59

 
0.13

 
0.56

 
0.27

Net earnings per share attributable to Oppenheimer Holdings Inc.
$
0.39


$
0.02


$
0.10


$
0.42

 
(1)
For both the three and six months ended June 30, 2016, the diluted earnings per share computation does not include the anti-dilutive effect of 1,271,124 shares of Class A Stock granted under share-based compensation arrangements (1,312,760 and 40,309, respectively, for the three and six months ended June 30, 2015).