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Earnings Per Share
 9 Months Ended
Sep. 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 September 30,
 
For the Nine Months Ended September 30,
 
2016
 
2015
 
2016
 
2015
Net income (loss) from continuing operations
$
(1,059
)
 
$
(1,136
)
 
$
(7,206
)
 
$
1,022

Net income from discontinued operations
413

 
359

 
9,362

 
4,967

Net income (loss)
(646
)

(777
)

2,156


5,989

Less net income attributable to noncontrolling interest, net of tax
66

 
131

 
1,527

 
883

Net income (loss) attributable to Oppenheimer Holdings Inc.
$
(712
)

$
(908
)

$
629


$
5,106

 
 
 
 
 
 
 
 
Basic weighted average number of shares outstanding
13,366,863

 
13,690,698

 
13,371,296

 
13,713,578

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

 
—

 
—

 
625,627

Diluted weighted average number of shares outstanding
13,366,863

 
13,690,698

 
13,371,296

 
14,339,205

 
 
 
 
 
 
 
 
Basic earnings (loss) per share attributable to Oppenheimer Holdings Inc.
 
 
 
 
 
 
 
Continuing operations
$
(0.08
)
 
$
(0.08
)
 
$
(0.54
)
 
$
0.07

Discontinued operations
0.03

 
0.01

 
0.59

 
0.30

Net earnings (loss) per share
$
(0.05
)

$
(0.07
)

$
0.05


$
0.37

 
 
 
 
 
 
 
 
Diluted earnings (loss) per share attributable to Oppenheimer Holdings Inc.
 
 
 
 
 
 
 
Continuing operations
$
(0.08
)
 
$
(0.08
)
 
$
(0.54
)
 
$
0.07

Discontinued operations
0.03

 
0.01

 
0.59

 
0.29

Net earnings (loss) per share
$
(0.05
)

$
(0.07
)

$
0.05


$
0.36

 
(1)
For both the three and nine months ended September 30, 2016, the diluted earnings (loss) per share computation does not include the anti-dilutive effect of 1,249,063 shares of Class A Stock granted under share-based compensation arrangements (1,304,185 and 40,309, respectively, for the three and nine months ended September 30, 2015).