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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
REVENUE      
Investment banking and other advisory fees $ 1,298,364 $ 1,276,096 $ 1,201,424
Asset management fees 998,887 1,036,821 1,080,842
Interest income 5,233 5,286 5,360
Other 81,179 86,564 75,391
Total revenue 2,383,663 2,404,767 2,363,017
Interest expense 50,292 51,159 62,570
Net revenue 2,333,371 2,353,608 2,300,447
OPERATING EXPENSES      
Compensation and benefits 1,340,543 1,319,746 1,313,606
Occupancy and equipment 109,305 109,867 111,550
Marketing and business development 83,202 81,541 88,029
Technology and information services 97,461 95,528 91,120
Professional services 45,512 49,529 46,543
Fund administration and outsourced services 63,421 61,363 65,457
Amortization and other acquisition-related costs 35,247 5,821 6,387
Provision pursuant to tax receivable agreement   547,691 18,307
Other 41,219 99,142 39,983
Total operating expenses 1,815,910 2,370,228 1,780,982
OPERATING INCOME (LOSS) 517,461 (16,620) 519,465
Provision (benefit) for income taxes 123,769 (1,009,552) 85,402
NET INCOME 393,692 992,932 434,063
LESS - NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS 5,994 6,559 6,786
NET INCOME ATTRIBUTABLE TO LAZARD LTD $ 387,698 $ 986,373 $ 427,277
WEIGHTED AVERAGE SHARES OF COMMON STOCK OUTSTANDING:      
Basic 124,770,401 125,366,272 122,351,836
Diluted 132,633,630 133,244,546 133,813,123
NET INCOME PER SHARE OF COMMON STOCK:      
Basic $ 3.11 $ 7.87 $ 3.49
Diluted 2.92 7.40 3.20
DIVIDENDS DECLARED PER SHARE OF COMMON STOCK $ 2.69 $ 2.35 $ 1.20