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Earnings Per Share | 3 Months Ended
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Mar. 31, 2020
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 March 31,
| 2020 |  | 2019
Basic weighted average number of shares outstanding | 12,895,729 |  |  | 13,020,344 |
Net dilutive effect of share-based awards, treasury method (1) | 560,504 |  |  | 830,977 |
Diluted weighted average number of shares outstanding | 13,456,233 |  |  | 13,851,321 |
Net income | $ | 7,818 |  |  | $ | 11,194 |
Net income per share |  |  |
Basic | $ | 0.61 |  |  | $ | 0.86 |
Diluted | $ | 0.58 |  |  | $ | 0.81 |
(1) For the three months ended March 31, 2020, the diluted net income per share computation does not include the anti-dilutive effect of 10,770 shares of Class A Stock granted under share-based compensation arrangements (7,628 shares for the three months ended March 31, 2019).

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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