Earnings per share

12 Months Ended

Dec. 31, 2024

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,
	2024		2023		2022
Basic weighted average number of shares outstanding	10,349,803		10,736,166		11,666,194
Net dilutive effect of share-based awards, treasury stock method (1)	880,204		909,542		941,558
Diluted weighted average number of shares outstanding	11,230,007		11,645,708		12,607,752

Net income attributable to Oppenheimer Holdings Inc.	$	71,557	$	30,179	$	32,351

Earnings per share attributable to Oppenheimer Holdings Inc.
Basic	$	6.91	$	2.81	$	2.77
Diluted	$	6.37	$	2.59	$	2.57

(1)For the year ended December 31, 2024, there were no shares of Class A Stock with an anti-dilutive effect granted under share-based compensation arrangements. 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.