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Earnings Per Share | 12 Months Ended
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Dec. 31, 2013
Earnings Per Share [Abstract] |
Earnings Per Share |
14. | Earnings per share
Basic earnings per share was 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 the effects of the warrants, options to purchase the Class A Stock and restricted stock awards of Class A Stock using the treasury stock method. Earnings per share has been calculated as follows:
(Expressed in thousands, except number of shares and per share amounts) |  |  |  |  |  |  |  |  |
|  | For the Year Ended December 31, |
|  | 2013 |  |  | 2012 |  |  | 2011 |
Basic weighted average number of shares outstanding |  |  | 13,577,725 |  |  |  | 13,602,205 |  |  |  | 13,638,087 |
Net dilutive effect of warrant, treasury method (1) |  |  | — |  |  |  | — |  |  |  | — |
Net dilutive effect of share-based awards, treasury method (2) |  |  | 546,335 |  |  |  | — |  |  |  | 298,646 |
Diluted weighted average number of shares outstanding |  |  | 14,124,060 |  |  |  | 13,602,205 |  |  |  | 13,936,733 |
Net income (loss) for the year |  | $ | 26,153 |  |  | $ | (851 | ) |  | $ | 12,617 |
Net income attributable to non-controlling interest, net of tax |  |  | 1,092 |  |  |  | 2,762 |  |  |  | 2,301 |
Net income (loss) attributable to Oppenheimer Holdings Inc. |  | $ | 25,061 |  |  | $ | (3,613 | ) |  | $ | 10,316 |
Basic earnings per share |  | $ | 1.85 |  |  | $ | (0.27 | ) |  | $ | 0.76 |
Diluted earnings per share |  | $ | 1.77 |  |  | $ | (0.27 | ) |  | $ | 0.74 |
(1) | As part of the consideration for the 2008 acquisition of certain businesses from CIBC World Markets Corp. (“CIBC”), the Company issued a warrant to CIBC to purchase 1 million shares of Class A Stock of the Company at $48.62 per share exercisable five years from the January 14, 2008 acquisition date. The warrants expired worthless on April 13, 2013. For the years ended December 31, 2012 and 2011, the effect of the warrants was anti-dilutive.
(2) | For the year ended December 31, 2013, the diluted earnings per share computation does not include the anti-dilutive effect of 57,573 shares of Class A Stock granted under share-based compensation arrangements (1,936,871 and 1,142,028 shares of Class A Stock granted under share-based compensation arrangements together with the warrant described in (1) for the years ended December 31, 2012 and 2011, respectively).

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1278-109256 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1252-109256 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=32703322&loc=d3e4984-109258 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 + Details
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