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Earnings Per Share
 3 Months Ended
Mar. 31, 2017
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 non-voting common stock ("Class A Stock") and Class B voting common stock ("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 Three Months Ended March 31,
 
2017
 
2016
Basic weighted average number of shares outstanding
13,399,250

 
13,379,827

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

 
—

Diluted weighted average number of shares outstanding
13,399,250

 
13,379,827

 
 
 
 
Net loss from continuing operations
$
(5,338
)
 
$
(3,292
)
Net income (loss) from discontinued operations
587

 
(617
)
Net loss
(4,751
)
 
(3,909
)
Net income (loss) attributable to noncontrolling interest, net of tax
96

 
(62
)
Net loss attributable to Oppenheimer Holdings Inc.
$
(4,847
)
 
$
(3,847
)
 
 
 
 
Basic net income (loss) per share attributable to Oppenheimer Holdings Inc.
 
 
 
Continuing operations
$
(0.40
)
 
$
(0.25
)
Discontinued operations (2)
0.04

 
(0.04
)
Net loss per share
$
(0.36
)
 
$
(0.29
)
 
 
 
 
Diluted net income (loss) per share attributable to Oppenheimer Holdings Inc.
 
 
 
Continuing operations
$
(0.40
)
 
$
(0.25
)
Discontinued operations (2)
0.04

 
(0.04
)
Net loss per share
$
(0.36
)
 
$
(0.29
)
 
(1)
For the three months ended March 31, 2017, the diluted earnings per share computation does not include the anti-dilutive effect of 1,334,607 shares of Class A Stock granted under share-based compensation arrangements (1,295,972 shares for the three months ended March 31, 2016 ).
(2)
Represents net income (loss) from discontinued operations less net income (loss) attributable to noncontrolling interest, net of tax divided by weighted average number of shares outstanding.