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Net Income Per Share of Common Stock (Tables)
12 Months Ended
Dec. 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 years ended December 31, 2022, 2021, and 2020 are presented below:

 

 

 

 

Year Ended December 31,

 

 

 

2022

 

 

2021

 

 

2020

 

Net income attributable to Lazard Ltd

 

$

357,517

 

 

$

528,064

 

 

$

402,461

 

Add - adjustment for earnings attributable to participating

   securities

 

 

(5,732

)

 

 

(8,647

)

 

 

(7,667

)

Net income attributable to Lazard Ltd - basic

 

 

351,785

 

 

 

519,417

 

 

 

394,794

 

Add - adjustment for earnings attributable to participating

   securities

 

 

2,641

 

 

 

7,068

 

 

 

6,429

 

Net income attributable to Lazard Ltd - diluted

 

$

354,426

 

 

$

526,485

 

 

$

401,223

 

Weighted average number of shares of common

   stock outstanding

 

 

93,994,663

 

 

 

104,166,347

 

 

 

104,803,849

 

Add - adjustment for shares of common stock

   issuable on a non-contingent basis

 

 

1,669,466

 

 

 

1,869,461

 

 

 

2,058,890

 

Weighted average number of shares of common

   stock outstanding - basic

 

 

95,664,129

 

 

 

106,035,808

 

 

 

106,862,739

 

Add - dilutive effect, as applicable, of:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average number of incremental shares of

   common stock issuable from share-based

   incentive compensation

 

 

5,333,545

 

 

 

7,638,891

 

 

 

6,620,641

 

Weighted average number of shares of common stock

   outstanding - diluted

 

 

100,997,674

 

 

 

113,674,699

 

 

 

113,483,380

 

Net income attributable to Lazard Ltd per share of

   common stock:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

3.68

 

 

$

4.90

 

 

$

3.69

 

Diluted

 

$

3.51

 

 

$

4.63

 

 

$

3.54