Supplemental Financial Information - Quarterly Results (Tables)

12 Months Ended

Dec. 31, 2014

Quarterly Financial Information Disclosure [Abstract]

Schedule of Quarterly Financial Information

The following represents the Company’s unaudited quarterly results for the years ended December 31, 2014 and 2013. These quarterly results were prepared in conformity with generally accepted accounting principles and reflect all adjustments that are, in the opinion of management, necessary for a fair statement of the results. These adjustments are of a normal recurring nature.

	2014 Fiscal Quarter
	First		Second		Third		Fourth			Year
	(dollars in thousands, except per share data)
Net revenue	$	533,400	$	566,896	$	566,211	$	633,940		$	2,300,447
Operating expenses		426,220		467,916		452,499		434,347			1,780,982
Operating income	$	107,180	$	98,980	$	113,712	$	199,593		$	519,465
Net income	$	85,429	$	85,909	$	89,920	$	172,805		$	434,063
Less - net income attributable to noncontrolling interests		4,587		717		1,061		421			6,786
Net income attributable to Lazard Ltd	$	80,842	$	85,192	$	88,859	$	172,384		$	427,277
Attributable to Lazard Ltd Class A common stockholders:
Net income per share of common stock:
Basic		$0.66		$0.69		$0.73		$1.41			$3.49
Diluted		$0.61		$0.64		$0.67		$1.29			$3.20
Dividends declared per share of common stock		$0.30		$0.30		$0.30		$0.30			$1.20
	2013 Fiscal Quarter
	First(a)		Second(a)		Third		Fourth(b)			Year
	(dollars in thousands, except per share data)
Net revenue	$	401,903	$	490,405	$	480,354	$	612,690		$	1,985,352
Operating expenses		380,306		449,467		399,236		539,536			1,768,545
Operating income	$	21,597	$	40,938	$	81,118	$	73,154		$	216,807
Net income	$	17,649	$	31,921	$	62,748	$	52,796		$	165,114
Less - net income (loss) attributable to noncontrolling interests		2,289		568		2,466		(421	)		4,902
Net income attributable to Lazard Ltd	$	15,360	$	31,353	$	60,282	$	53,217		$	160,212
Attributable to Lazard Ltd Class A common stockholders:
Net income per share of common stock:
Basic		$0.13		$0.26		$0.49		$0.44			$1.33
Diluted		$0.12		$0.24		$0.45		$0.40			$1.21
Dividends declared per share of common stock		—		$0.25		$0.25		$0.50			$1.00

(a) See Note 16 of Notes to Consolidated Financial Statements for information regarding the Cost Saving Initiatives.

(b) See Note 11 of Notes to Consolidated Financial Statements for information regarding the debt refinancing.