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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
[1]
Jun. 30, 2016
Jun. 30, 2015
[1]
REVENUE        
Commissions $ 92,591 $ 103,556 $ 196,424 $ 213,251
Advisory fees 66,104 72,243 132,130 143,209
Investment banking 18,881 29,020 31,264 56,325
Interest 12,007 11,313 25,049 22,016
Principal transactions, net 7,577 3,541 14,195 12,038
Other 14,914 8,286 27,968 18,295
Total revenue 212,074 227,959 427,030 465,134
EXPENSES        
Compensation and related expenses 141,721 153,805 290,216 314,629
Communications and technology 17,638 16,307 35,318 33,379
Occupancy and equipment costs 14,984 15,911 29,887 31,612
Clearing and exchange fees 6,199 6,231 13,120 12,633
Interest 4,972 4,105 9,839 7,875
Other 31,806 32,701 61,236 60,293
Total expenses 217,320 229,060 439,616 460,421
Income (loss) before income taxes from continuing operations (5,246) (1,101) (12,586) 4,713
Income taxes (2,627) 400 (6,439) 2,555
Net income (loss) from continuing operations (2,619) (1,501) (6,147) 2,158
Income from discontinued operations 15,366 3,731 14,709 7,768
Income taxes 6,036 1,585 5,760 3,160
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 earnings (loss) per share attributable to Oppenheimer Holdings Inc.        
Continuing operations, basic (in dollars per share) $ (0.20) $ (0.11) $ (0.46) $ 0.16
Discontinued operations, basic (in dollars per share) 0.59 0.13 0.56 0.28
Basic (in dollars per share) 0.39 0.02 0.10 0.44
Diluted earnings (loss) per share attributable to Oppenheimer Holdings Inc.        
Continuing operations, diluted (in dollars per share) (0.20) (0.11) (0.46) 0.15
Discontinued operations, diluted (in dollars per share) 0.59 0.13 0.56 0.27
Diluted (in dollars per share) 0.39 0.02 0.10 0.42
Dividends declared per share (in dollars per share) $ 0.11 $ 0.11 $ 0.22 $ 0.22
Weighted average number of common shares outstanding        
Basic (in shares) 13,367,248 13,745,957 13,373,537 13,725,208
Diluted (in shares) 13,367,248 13,745,957 13,373,537 14,342,474
[1] Amounts have been recast to reflect discontinued operations. See Note 3 for details.