XML 35 R21.htm IDEA: XBRL DOCUMENT v3.6.0.2
Earnings Per Share
 12 Months Ended
Dec. 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 the 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 Year Ended December 31,
 
2016
 
2015
 
2014
Basic weighted average number of shares outstanding
13,368,768

 
13,640,610

 
13,604,258

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

 
—

 
646,405

Diluted weighted average number of shares outstanding
13,368,768

 
13,640,610

 
14,250,663

 
 
 
 
 
 
Net income (loss) from continuing operations
$
(9,630
)
 
$
(2,834
)
 
$
5,056

Net income from discontinued operations
10,121

 
5,732

 
4,505

Net income
491

 
2,898

 
9,561

Net income attributable to noncontrolling interest, net of tax
1,652

 
936

 
735

Net income (loss) attributable to Oppenheimer Holdings Inc.
$
(1,161
)
 
$
1,962

 
$
8,826

 
 
 
 
 
 
Basic net income (loss) per share attributable to Oppenheimer Holdings Inc.
 
 
 
 
 
Continuing operations
$
(0.72
)
 
$
(0.21
)
 
$
0.37

Discontinued operations (2)
0.63

 
0.35

 
0.28

Net income (loss) per share
$
(0.09
)
 
$
0.14

 
$
0.65

 
 
 
 
 
 
Diluted net income (loss) per share attributable to Oppenheimer Holdings Inc.
 
 
 
 
 
Continuing operations
$
(0.72
)
 
$
(0.21
)
 
$
0.36

Discontinued operations (2)
0.63

 
0.35

 
0.26

Net income (loss) per share
$
(0.09
)
 
$
0.14

 
$
0.62

 
(1)
For the year ended December 31, 2016, the diluted earnings per share computation does not include the anti-dilutive effect of 1,237,134 shares of Class A Stock granted under share-based compensation arrangements (1,269,585 and 43,008 shares for the years ended December 31, 2015 and 2014, respectively).
(2)
Represents net income from discontinued operations less net income attributable to noncontrolling interest, net of tax divided by weighted average number of shares outstanding.