Derivatives (Tables)

3 Months Ended

Mar. 31, 2014

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Fair Value of Derivatives Reported on Condensed Consolidated Statements of Financial Condition

The tables below present the fair values of the Company’s derivative instruments reported within “other assets” and “other liabilities” and the fair value of the Company’s derivative liabilities relating to its obligations pertaining to Lazard Fund Interests and other similar deferred compensation arrangements (see Note 12 of Notes to Condensed Consolidated Financial Statements) on the accompanying condensed consolidated statements of financial condition as of March 31, 2014 and December 31, 2013:

	March 31, 2014		December 31, 2013
Derivative Assets:
Forward foreign currency exchange rate contracts	$	275	$	250
Total return swaps and other (a)		–		432
	$	275	$	682
Derivative Liabilities:
Forward foreign currency exchange rate contracts	$	1,046	$	1,579
Total return swaps and other (a)		4,688		–
Lazard Fund Interests and other similar deferred compensation arrangements		213,438		162,422
	$	219,172	$	164,001

(a) For total return swaps, amounts represent the netting of gross derivative assets and liabilities of $120 and $4,808 as of March 31, 2014, respectively, and $2,019 and $1,587 as of December 31, 2013, respectively, for contracts with the same counterparty under legally enforceable master netting agreements. Such amounts are recorded “net” in “other assets”, with receivables for net cash collateral under such contracts of $15,884 and $11,384 as of March 31, 2014 and December 31, 2013, respectively.

Net Gains (Losses) with Respect to Derivative Instruments Not Designated as Hedging Instruments

Net gains (losses) with respect to derivative instruments (predominantly reflected in “revenue-other”) and the Company’s derivative liabilities relating to its obligations pertaining to Lazard Fund Interests and other similar deferred compensation arrangements (included in “compensation and benefits” expense) as reflected on the accompanying condensed consolidated statements of operations for the three month periods ended March 31, 2014 and 2013, were as follows:

	Three Months Ended March 31,
	2014			2013
Forward foreign currency exchange rate contracts	$	(1,153	)	$	5,231
Lazard Fund Interests and other similar deferred compensation arrangements		(2,626	)		(3,725	)
Total return swaps and other		(1,946	)		(4,108	)
	$	(5,725	)	$	(2,602	)