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Earnings Per Share
 6 Months Ended
Jun. 30, 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 June 30,
 
For the Six Months Ended June 30,
 
2017
 
2016
 
2017
 
2016
Basic weighted average number of shares outstanding
$
13,260,855

 
$
13,367,248

 
$
13,329,670

 
$
13,373,537

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

 
—

 
—

 
—

Diluted weighted average number of shares outstanding
$
13,260,855

 
$
13,367,248

 
$
13,329,670

 
$
13,373,537

 
 
 
 
 
 
 
 
Net loss from continuing operations
$
(1,363
)
 
$
(2,855
)
 
$
(6,701
)
 
$
(6,147
)
Net income from discontinued operations
53

 
9,566

 
640

 
8,949

Net income (loss)
(1,310
)

6,711


(6,061
)

2,802

Net income attributable to noncontrolling interest, net of tax
9

 
1,523

 
105

 
1,461

Net income (loss) attributable to Oppenheimer Holdings Inc.
$
(1,319
)

$
5,188


$
(6,166
)

$
1,341

 
 
 
 
 
 
 
 
Basic net income (loss) per share attributable to Oppenheimer Holdings Inc.
 
 
 
 
 
 
 
Continuing operations
$
(0.10
)
 
$
(0.21
)
 
$
(0.50
)
 
$
(0.46
)
Discontinued operations (2)
—

 
0.60

 
0.04

 
0.56

Net income (loss) per share
$
(0.10
)

$
0.39


$
(0.46
)

$
0.10

 
 
 
 
 
 
 
 
Diluted net income (loss) per share attributable to Oppenheimer Holdings Inc.
 
 
 
 
 
 
 
Continuing operations
$
(0.10
)
 
$
(0.21
)
 
$
(0.50
)
 
$
(0.46
)
Discontinued operations (2)
—

 
0.60

 
0.04

 
0.56

Net income (loss) per share
$
(0.10
)

$
0.39


$
(0.46
)

$
0.10

 
(1)
For both the three and six months ended June 30, 2017, the diluted net income (loss) per share computation does not include the anti-dilutive effect of 1,336,424 shares of Class A Stock granted under share-based compensation arrangements (1,271,124 for the three and six months ended June 30, 2016).
(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.