XML 20 R9.htm IDEA: XBRL DOCUMENT v3.23.2
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY AND REDEEMABLE NONCONTROLLING INTERESTS (UNAUDITED) - USD ($)
$ in Thousands
Total
Total Lazard Ltd Stockholders’ Equity
Common Stock
Additional Paid-In- Capital
Retained Earnings
Accumulated Other Comprehensive Income (Loss), Net of Tax
Class A Common Stock Held By Subsidiaries
Noncontrolling Interests
Redeemable Noncontrolling Interests
Balance at the beginning (in shares) at Dec. 31, 2021     112,766,091       12,046,140    
Balance at the beginning at Dec. 31, 2021 $ 1,077,964 $ 975,220 $ 1,128 $ 144,729 $ 1,560,636 $ (223,847) $ (507,426) $ 102,744 $ 575,000
Comprehensive income (loss):                  
Net income (loss) 207,120 209,356     209,356     (2,236) 5,506
Other comprehensive income (loss) - net of tax (66,183) (66,182)       (66,182)   (1)  
Amortization of share-based incentive compensation 126,186 118,248   118,248       7,938  
Dividend equivalents (6,738) (487)   8,089 (8,576)     (6,251)  
Class A common stock dividends $ (92,676) (92,676)     (92,676)        
Purchase of Class A common stock (in shares) 10,598,882           10,598,882    
Purchase of Class A common stock $ (375,185) (375,185)         $ (375,185)    
Delivery of Class A common stock in connection with share-based incentive compensation and related tax benefit (in shares)             (4,404,963)    
Delivery of Class A common stock in connection with share-based incentive compensation and related tax benefit (52,481) (55,989)   (202,505) (40,558)   $ 187,074 3,508  
Distributions to noncontrolling interests, net (9,254) 0           (9,254)  
LFI Consolidated Funds 13,408 0           13,408  
Change in redemption value of redeemable noncontrolling interests 4,796 3,357   3,357       1,439 (4,796)
Balance at the end (in shares) at Jun. 30, 2022     112,766,091       18,240,059    
Balance at the end at Jun. 30, 2022 826,957 715,662 $ 1,128 71,918 1,628,182 (290,029) $ (695,537) 111,295 575,710
Balance at the beginning (in shares) at Mar. 31, 2022     112,766,091       12,371,148    
Balance at the beginning at Mar. 31, 2022 969,628 849,826 $ 1,128 0 1,583,005 (237,626) $ (496,681) 119,802 575,000
Comprehensive income (loss):                  
Net income (loss) 88,805 95,480     95,480     (6,675) 2,846
Other comprehensive income (loss) - net of tax (52,403) (52,403)       (52,403)   0  
Amortization of share-based incentive compensation 72,749 67,482   67,482       5,267  
Dividend equivalents (1,830) (206)   4,086 (4,292)     (1,624)  
Class A common stock dividends (46,012) (46,012)     (46,012)        
Purchase of Class A common stock (in shares)             5,881,061    
Purchase of Class A common stock (199,388) (199,388)         $ (199,388)    
Delivery of Class A common stock in connection with share-based incentive compensation and related tax benefit (in shares)             (12,150)    
Delivery of Class A common stock in connection with share-based incentive compensation and related tax benefit (613) (612)   (1,145) 1   $ 532 (1)  
Distributions to noncontrolling interests, net (4,971)             (4,971)  
LFI Consolidated Funds (1,144)             (1,144)  
Change in redemption value of redeemable noncontrolling interests 2,136 1,495   1,495       641 (2,136)
Balance at the end (in shares) at Jun. 30, 2022     112,766,091       18,240,059    
Balance at the end at Jun. 30, 2022 826,957 715,662 $ 1,128 71,918 1,628,182 (290,029) $ (695,537) 111,295 575,710
Balance at the beginning (in shares) at Dec. 31, 2022     112,766,091       26,814,213    
Balance at the beginning at Dec. 31, 2022 675,399 556,463 $ 1,128 167,890 1,676,713 (295,854) $ (993,414) 118,936 583,471
Comprehensive income (loss):                  
Net income (loss) (144,375) (146,185)     (146,185)     1,810 8,800
Other comprehensive income (loss) - net of tax 13,967 13,968       13,968   (1)  
Amortization of share-based incentive compensation 151,268 147,583   147,583       3,685  
Dividend equivalents (7,181) (461)   12,961 (13,422)     (6,720)  
Class A common stock dividends $ (85,925) (85,925)     (85,925)        
Purchase of Class A common stock (in shares) 2,697,627           2,697,627    
Purchase of Class A common stock $ (99,097) (99,097)         $ (99,097)    
Delivery of Class A common stock in connection with share-based incentive compensation and related tax benefit (in shares)             (3,578,995)    
Delivery of Class A common stock in connection with share-based incentive compensation and related tax benefit (48,619) (54,283)   (187,343)     $ 133,060 5,664  
Class A common stock issuable 1,775 1,775   1,775          
Delivery of Class A common stock (in shares)             (41,384)    
Delivery of Class A common stock 0 0   (1,533)     $ 1,533    
Distributions to noncontrolling interests, net (3,881) 0           (3,881)  
LFI Consolidated Funds (74,164) 0           (74,164) 76,614
Change in redemption value of redeemable noncontrolling interests (589) (412)   (412)       (177) 589
Distribution to redeemable noncontrolling interests                 (585,891)
Reversal to net loss of amounts previously charged to additional paid-in-capital and noncontrolling interests 17,929 13,195   13,195       4,734  
Reversal of deferred offering costs liability 20,125 14,087   14,087       6,038  
Other (in shares)             5,240    
Other (747) (730)   (581)     $ (149) (17)  
Balance at the end (in shares) at Jun. 30, 2023     112,766,091       25,896,701    
Balance at the end at Jun. 30, 2023 415,885 359,978 $ 1,128 167,622 1,431,181 (281,886) $ (958,067) 55,907 83,583
Balance at the beginning (in shares) at Mar. 31, 2023     112,766,091       26,100,898    
Balance at the beginning at Mar. 31, 2023 508,409 451,426 $ 1,128 94,312 1,604,650 (282,957) $ (965,707) 56,983 89,472
Comprehensive income (loss):                  
Net income (loss) (122,979) (124,013)     (124,013)     1,034 2,603
Other comprehensive income (loss) - net of tax 1,069 1,071       1,071   (2)  
Amortization of share-based incentive compensation 80,734 79,072   79,072       1,662  
Dividend equivalents (2,094) (213)   5,842 (6,055)     (1,881)  
Class A common stock dividends (43,401) (43,401)     (43,401)        
Purchase of Class A common stock (in shares)             5,466    
Purchase of Class A common stock (172) (172)         $ (172)    
Delivery of Class A common stock in connection with share-based incentive compensation and related tax benefit (in shares)             (214,903)    
Delivery of Class A common stock in connection with share-based incentive compensation and related tax benefit (3,062) (3,062)   (11,023)     $ 7,961 0  
Distributions to noncontrolling interests, net (1,889) 0           (1,889)  
LFI Consolidated Funds 0 0           0 (8,492)
Other (in shares)             5,240    
Other (730) (730)   (581)     $ (149) 0  
Balance at the end (in shares) at Jun. 30, 2023     112,766,091       25,896,701    
Balance at the end at Jun. 30, 2023 $ 415,885 $ 359,978 $ 1,128 $ 167,622 $ 1,431,181 $ (281,886) $ (958,067) $ 55,907 $ 83,583