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Net Income Per Share of Common Stock (Tables)
3 Months Ended
Mar. 31, 2022
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 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