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Earnings Per Share
 6 Months Ended
Jun. 30, 2018
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 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,
 
2018
 
2017
 
2018
 
2017
Basic weighted average number of shares outstanding
13,248,812

 
13,260,855

 
13,244,245

 
13,329,670

Net dilutive effect of share-based awards, treasury method (1)
801,761

 
—

 
761,311

 
—

Diluted weighted average number of shares outstanding
14,050,573

 
13,260,855

 
14,005,556

 
13,329,670

 
 
 
 
 
 
 
 
Net income (loss) from continuing operations
$
8,839

 
$
(1,363
)
 
$
15,548

 
$
(6,701
)
Net income from discontinued operations
—

 
53

 
—

 
640

Net income (loss)
8,839

 
(1,310
)
 
15,548

 
(6,061
)
Less net income (loss) attributable to non-controlling interest, net of tax
(16
)
 
9

 
(12
)
 
105

Net income (loss) attributable to Oppenheimer Holdings Inc.
$
8,855

 
$
(1,319
)
 
$
15,560

 
$
(6,166
)
 
 
 
 
 
 
 
 
Basic net income (loss) per share attributable to Oppenheimer Holdings Inc.
 
 
 
 
 
 
 
Continuing operations
$
0.67

 
$
(0.10
)
 
$
1.17

 
$
(0.50
)
Discontinued operations (2)
—

 
—

 
—

 
0.04

Net income (loss) per share
$
0.67

 
$
(0.10
)
 
$
1.17

 
$
(0.46
)
 
 
 
 
 
 
 
 
Diluted net income (loss) per share attributable to Oppenheimer Holdings Inc.
 
 
 
 
 
 
 
Continuing operations
$
0.63

 
$
(0.10
)
 
$
1.11

 
$
(0.50
)
Discontinued operations (2)
—

 
—

 
—

 
0.04

Net income (loss) per share
$
0.63

 
$
(0.10
)
 
$
1.11

 
$
(0.46
)
 
(1)
For both the three and six months ended June 30, 2018, the diluted net income (loss) per share computation does not include the anti-dilutive effect of 4,050 shares of Class A Stock granted under share-based compensation arrangements (1,336,424 shares for both the three and six months ended June 30, 2017).
(2)
Represents net income from discontinued operations less net income attributable to non-controlling interest, net of tax divided by weighted average number of shares outstanding.