XML 14 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
[1]
Sep. 30, 2016
Sep. 30, 2015
[1]
REVENUE        
Commissions $ 90,023 $ 101,243 $ 286,447 $ 314,494
Advisory fees 67,452 69,557 199,582 212,766
Investment banking 20,280 16,548 51,544 72,873
Interest 11,291 13,759 36,340 35,775
Principal transactions, net 4,922 2,309 19,117 14,347
Other 17,836 4,062 45,804 22,357
Total revenue 211,804 207,478 638,834 672,612
EXPENSES        
Compensation and related expenses 142,308 139,314 432,524 453,943
Communications and technology 17,201 16,396 52,519 49,775
Occupancy and equipment costs 14,909 16,083 44,796 47,695
Clearing and exchange fees 5,886 6,909 19,006 19,542
Interest 4,687 4,228 14,526 12,103
Other 28,623 27,121 89,859 87,414
Total expenses 213,614 210,051 653,230 670,472
Income (loss) before income taxes from continuing operations (1,810) (2,573) (14,396) 2,140
Income taxes (751) (1,437) (7,190) 1,118
Net income (loss) from continuing operations (1,059) (1,136) (7,206) 1,022
Income from discontinued operations 888 1,046 15,597 8,814
Income taxes 475 687 6,235 3,847
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 earnings (loss) per share attributable to Oppenheimer Holdings Inc.        
Continuing operations, basic (in dollars per share) $ (0.08) $ (0.08) $ (0.54) $ 0.07
Discontinued operations, basic (in dollars per share) 0.03 0.01 0.59 0.30
Basic (in dollars per share) (0.05) (0.07) 0.05 0.37
Diluted earnings (loss) per share attributable to Oppenheimer Holdings Inc.        
Continuing operations, diluted (in dollars per share) (0.08) (0.08) (0.54) 0.07
Discontinued operations, diluted (in dollars per share) 0.03 0.01 0.59 0.29
Diluted (in dollars per share) (0.05) (0.07) 0.05 0.36
Dividends declared per share (in dollars per share) $ 0.11 $ 0.11 $ 0.33 $ 0.33
Weighted average number of common shares outstanding        
Basic (in shares) 13,366,863 13,690,698 13,371,296 13,713,578
Diluted (in shares) 13,366,863 13,690,698 13,371,296 14,339,205
[1] Amounts have been recast to reflect discontinued operations. See Note 3 for details.