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Net Income Per Share of Common Stock (Tables)
9 Months Ended
Sep. 30, 2021
Earnings Per Share [Abstract]  
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