Earnings per share

3 Months Ended

Mar. 31, 2023

Basic earnings per share are computed by dividing net income over 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,
		2023		2022
Basic weighted average number of shares outstanding		11,092,603		12,467,632
Net dilutive effect of share-based awards, treasury stock method (1)		870,889		1,031,702
Diluted weighted average number of shares outstanding		11,963,492		13,499,334

Net income attributable to Oppenheimer Holdings Inc.		$	14,617	$	9,292

Earnings per share attributable to Oppenheimer Holdings Inc.
Basic		$	1.32	$	0.75
Diluted		$	1.22	$	0.69

(1) For the three months ended March 31, 2023, the diluted net income per share computation did not include the anti-dilutive effect of 282,360 shares of Class A Stock granted under share-based compensation arrangements. For the three months ended March 31, 2022, there was no Class A Stock granted under share-based compensation arrangements that was anti-dilutive.