Company's Basic and Diluted Net Income Per Share and Weighted Average Shares Outstanding |
The Company’s basic and diluted net income per share calculations using the “two-class” method for the three month and nine month periods ended September 30, 2021 and 2020 are presented below:
|
|
Three Months Ended |
|
|
Nine Months Ended |
|
|
|
September 30, |
|
|
September 30, |
|
|
|
2021 |
|
|
2020 |
|
|
2021 |
|
|
2020 |
|
Net income attributable to Lazard Ltd |
|
$ |
107,209 |
|
|
$ |
75,092 |
|
|
$ |
317,687 |
|
|
$ |
212,572 |
|
Add - adjustment for earnings attributable to participating
securities |
|
|
(1,808 |
) |
|
|
(1,505 |
) |
|
|
(4,649 |
) |
|
|
(3,867 |
) |
Net income attributable to Lazard Ltd - basic |
|
|
105,401 |
|
|
|
73,587 |
|
|
|
313,038 |
|
|
|
208,705 |
|
Add - adjustment for earnings attributable to participating
securities |
|
|
1,360 |
|
|
|
1,203 |
|
|
|
4,201 |
|
|
|
3,386 |
|
Net income attributable to Lazard Ltd - diluted |
|
$ |
106,761 |
|
|
$ |
74,790 |
|
|
$ |
317,239 |
|
|
$ |
212,091 |
|
Weighted average number of shares of common
stock outstanding |
|
|
103,614,495 |
|
|
|
104,989,881 |
|
|
|
104,754,715 |
|
|
|
104,728,241 |
|
Add - adjustment for shares of common stock
issuable on a non-contingent basis |
|
|
1,801,248 |
|
|
|
2,178,734 |
|
|
|
1,729,937 |
|
|
|
1,983,306 |
|
Weighted average number of shares of common
stock outstanding - basic |
|
|
105,415,743 |
|
|
|
107,168,615 |
|
|
|
106,484,652 |
|
|
|
106,711,547 |
|
Add - dilutive effect, as applicable, of: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average number of incremental shares of
common stock issuable from share-based
incentive compensation |
|
|
7,578,294 |
|
|
|
6,012,949 |
|
|
|
7,655,284 |
|
|
|
6,218,283 |
|
Weighted average number of shares of common stock
outstanding - diluted |
|
|
112,994,037 |
|
|
|
113,181,564 |
|
|
|
114,139,936 |
|
|
|
112,929,830 |
|
Net income attributable to Lazard Ltd per share of common stock: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic |
|
$ |
1.00 |
|
|
$ |
0.69 |
|
|
$ |
2.94 |
|
|
$ |
1.96 |
|
Diluted |
|
$ |
0.94 |
|
|
$ |
0.66 |
|
|
$ |
2.78 |
|
|
$ |
1.88 |
|
|