Stockholders' Equity (Tables)

12 Months Ended

Dec. 31, 2018

Equity [Abstract]

Schedule of Share Repurchase Authorized by Board of Directors

Share Repurchase Program—During the year ended December 31, 2018 and since 2015, the Board of Directors of Lazard authorized the repurchase of Class A common stock as set forth in the table below.

Date	Repurchase Authorization		Expiration
February 2015	$	150,000	December 31, 2016
January 2016	$	200,000	December 31, 2017
April 2016	$	113,182	December 31, 2017
November 2016	$	236,000	December 31, 2018
October 2017	$	200,000	December 31, 2019
April 2018	$	300,000	December 31, 2020
October 2018	$	300,000	December 31, 2020

Schedule of Shares Repurchased Under the Share Repurchase Program

The Company expects that the share repurchase program will primarily be used to offset a portion of the shares that have been or will be issued under the Lazard Ltd 2008 Incentive Compensation Plan (the “2008 Plan”) and the Lazard Ltd 2018 Incentive Compensation Plan (the “2018 Plan”). Pursuant to the share repurchase program, purchases have been made in the open market or through privately negotiated transactions. The rate at which the Company purchases shares in connection with the share repurchase program may vary from period to period due to a variety of factors. Purchases with respect to such program are set forth in the table below:

Years Ended December 31:	Number of Shares Purchased		Average Price Per Share
2016		8,551,271	$	35.11
2017		6,956,097	$	44.10
2018		12,206,652	$	45.29

Accumulated Other Comprehensive Income (Loss), Net of Tax

Accumulated Other Comprehensive Income (Loss), Net of Tax—The tables below reflect the balances of each component of AOCI at December 31, 2018, 2017 and 2016 and activity during the years then ended:

	Currency Translation Adjustments			Employee Benefit Plans			Total AOCI			Amount Attributable to Noncontrolling Interests			Total Lazard Ltd AOCI
Balance, January 1, 2018	$	(83,535	)	$	(148,984	)	$	(232,519	)	$	(1	)	$	(232,518	)
Activity:
Other comprehensive loss before    reclassifications		(46,602	)		(5,434	)		(52,036	)		(1	)		(52,035	)
Adjustments for items reclassified to earnings,    net of tax		-			10,735			10,735			-			10,735
Net other comprehensive income (loss)		(46,602	)		5,301			(41,301	)		(1	)		(41,300	)
Balance, December 31, 2018	$	(130,137	)	$	(143,683	)	$	(273,820	)	$	(2	)	$	(273,818	)

	Currency Translation Adjustments			Employee Benefit Plans			Total AOCI			Amount Attributable to Noncontrolling Interests			Total Lazard Ltd AOCI
Balance, January 1, 2017	$	(155,204	)	$	(159,020	)	$	(314,224	)	$	(2	)	$	(314,222	)
Activity:
Other comprehensive income before    reclassifications		71,669			2,085			73,754			1			73,753
Adjustments for items reclassified to earnings,    net of tax		-			7,951			7,951			-			7,951
Net other comprehensive income		71,669			10,036			81,705			1			81,704
Balance, December 31, 2017	$	(83,535	)	$	(148,984	)	$	(232,519	)	$	(1	)	$	(232,518	)

	Currency Translation Adjustments			Employee Benefit Plans			Total AOCI			Amount Attributable to Noncontrolling Interests			Total Lazard Ltd AOCI
Balance, January 1, 2016	$	(97,284	)	$	(137,073	)	$	(234,357	)	$	(1	)	$	(234,356	)
Activity:
Other comprehensive loss before    reclassifications		(57,920	)		(24,473	)		(82,393	)		(1	)		(82,392	)
Adjustments for items reclassified to earnings,    net of tax		-			2,526			2,526			-			2,526
Net other comprehensive loss		(57,920	)		(21,947	)		(79,867	)		(1	)		(79,866	)
Balance, December 31, 2016	$	(155,204	)	$	(159,020	)	$	(314,224	)	$	(2	)	$	(314,222	)

Adjustments for Items Reclassified Out of AOCI

The table below reflects adjustments for items reclassified out of AOCI, by component, for the years ended December 31, 2018, 2017 and 2016:

	Year Ended December 31,
	2018		2017		2016
Amortization relating to employee benefit plans (a)	$	13,070	$	10,171	$	4,283
Less - related income taxes		2,335		2,220		1,757
Total reclassifications, net of tax	$	10,735	$	7,951	$	2,526

(a) Included in the computation of net periodic benefit cost (see Note 16). Such amounts are included in “operating expenses –other” on the consolidated statements of operations.

Net Income Attributable to Noncontrolling Interests

The tables below summarize net income attributable to noncontrolling interests for the years ended December 31, 2018, 2017 and 2016 and noncontrolling interests as of December 31, 2018 and 2017, in the Company’s consolidated financial statements:

	Net Income Attributable to Noncontrolling Interests Year Ended December 31,
	2018		2017		2016
Edgewater	$	5,320	$	6,259	$	5,992
Other		4		5		2
Total	$	5,324	$	6,264	$	5,994

	Noncontrolling Interests as of December 31,
	2018		2017
Edgewater	$	52,695	$	58,568
Other		547		534
Total	$	53,242	$	59,102