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
|