Earnings per share

12 Months Ended

Dec. 31, 2023

Basic earnings per share is computed by dividing net income over 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 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 Years Ended December 31,
	2023		2022		2021
Basic weighted average number of shares outstanding	10,736,166		11,666,194		12,642,306
Net dilutive effect of share-based awards, treasury stock method (1)	909,542		941,558		940,522
Diluted weighted average number of shares outstanding	11,645,708		12,607,752		13,582,828

Net income attributable to Oppenheimer Holdings Inc.	$	30,179	$	32,351	$	158,964

Earnings per share attributable to Oppenheimer Holdings Inc.
Basic	$	2.81	$	2.77	$	12.57
Diluted	$	2.59	$	2.57	$	11.70

(1)For the year ended December 31, 2023, the diluted net income per share computation did not include the anti-dilutive effect of 115,950 shares of Class A Stock granted under share-based compensation arrangements. For the year ended December 31, 2022, the diluted net income per share computation did not include the anti-dilutive

effect of 4,100 shares of Class A Stock granted under share-based compensation arrangements. For the year ended December 31, 2021, there was no Class A Stock granted under share-based compensation arrangements that were anti-dilutive.