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 periods ended March 31, 2022 and 2021 are presented below:
|
|
Three Months Ended |
|
|
|
March 31, |
|
|
|
2022 |
|
|
2021 |
|
Net income attributable to Lazard Ltd |
|
$ |
113,876 |
|
|
$ |
87,300 |
|
Add - adjustment for earnings attributable to participating
securities |
|
|
(1,733 |
) |
|
|
(1,292 |
) |
Net income attributable to Lazard Ltd - basic |
|
|
112,143 |
|
|
|
86,008 |
|
Add - adjustment for earnings attributable to participating
securities |
|
|
1,129 |
|
|
|
1,292 |
|
Net income attributable to Lazard Ltd - diluted |
|
$ |
113,272 |
|
|
$ |
87,300 |
|
Weighted average number of shares of common
stock outstanding |
|
|
100,634,720 |
|
|
|
105,545,273 |
|
Add - adjustment for shares of common stock
issuable on a non-contingent basis |
|
|
1,912,557 |
|
|
|
1,746,287 |
|
Weighted average number of shares of common
stock outstanding - basic |
|
|
102,547,277 |
|
|
|
107,291,560 |
|
Add - dilutive effect, as applicable, of: |
|
|
|
|
|
|
|
|
Weighted average number of incremental shares of
common stock issuable from share-based
incentive compensation |
|
|
5,639,365 |
|
|
|
8,530,734 |
|
Weighted average number of shares of common stock
outstanding - diluted |
|
|
108,186,642 |
|
|
|
115,822,294 |
|
Net income attributable to Lazard Ltd per share of common stock: |
|
|
|
|
|
|
|
|
Basic |
|
$ |
1.09 |
|
|
$ |
0.80 |
|
Diluted |
|
$ |
1.05 |
|
|
$ |
0.75 |
|
|