STOCKHOLDERS' EQUITY (Tables)

12 Months Ended

Dec. 31, 2012

Lazard Group Distributed Amounts to Subsidiaries of Lazard Ltd and LAZ-MD Holdings

During the years ended December 31, 2012, 2011 and 2010, Lazard Group distributed the following amounts to LAZ-MD Holdings and the subsidiaries of Lazard Ltd:

	Year Ended December 31,
	2012		2011		2010
Tax distributions:
LAZ-MD Holdings	$	–	$	699	$	9,480
Subsidiaries of Lazard Ltd		–		16,800		52,135
	$	–	$	17,499	$	61,615
Other distributions:
LAZ-MD Holdings	$	5,170	$	4,383	$	9,804
Subsidiaries of Lazard Ltd		135,108		70,572		50,581
	$	140,278	$	74,955	$	60,385

Schedule of Share Repurchase Program

	Number  of Shares/Common Membership Interests Purchased		Average Price  Per Share/Common Membership Interest
Class A common stock		35,726,044	$	31.04
Lazard Group common membership interests		1,400,089	$	32.66

Accumulated Other Comprehensive Income (Loss), Net of Tax

Accumulated Other Comprehensive Income (Loss), Net of Tax—The components of AOCI at December 31, 2012 and 2011 are as follows:

	December 31,
	2012			2011
Currency translation adjustments	$	19,405		$	3,719
Interest rate hedge		(2,502	)		(3,557	)
Employee benefit plans		(128,536	)		(92,637	)
Total AOCI		(111,633	)		(92,475	)
Amount attributable to noncontrolling interests		(1,092	)		(4,111	)
Total Lazard Ltd AOCI	$	(110,541	)	$	(88,364	)

Changes in Ownership Interests

The following tables summarize the changes in ownership interests in Lazard Group held by Lazard Ltd and LAZ-MD Holdings during the years ended December 31, 2012, 2011 and 2010:

	Lazard Ltd					LAZ-MD Holdings						Total Lazard Group Common Membership Interests
	Common Membership Interests		% Ownership			Common Membership Interests			% Ownership
Balance, January 1, 2010		92,165,912		74.5	%		31,520,426			25.5	%		123,686,338
Activity January 1, 2010 to December 31, 2010:
Common membership interest activity in connection with:
Equity compensation		3,000,000					–						3,000,000
2010 Secondary Offerings		11,561,801					(11,561,801	)					–
Exchanges for Class A common stock		12,081,618					(12,081,618	)					–
Business acquisitions		888,605					–						888,605
Repurchase of common membership interests from LAZ-MD Holdings		–					(224,382	)					(224,382	)
Balance, December 31, 2010		119,697,936		94.0	%		7,652,625			6.0	%		127,350,561
Activity January 1, 2011 to December 31, 2011:
Common membership interest activity in connection with:
Exchanges for Class A common stock		876,814					(876,814	)					–
Business acquisitions		2,434,561					–						2,434,561
Repurchase of common membership interests from LAZ-MD Holdings		–					(19,032	)					(19,032	)
Balance, December 31, 2011		123,009,311		94.8	%		6,756,779			5.2	%		129,766,090
Activity January 1, 2012 to December 31, 2012:
Common membership interest activity in connection with:
Exchanges for Class A common stock		5,207,112					(5,207,112	)					–
Balance, December 31, 2012		128,216,423		98.8	%		1,549,667			1.2	%		129,766,090

Net Income (Loss) Attributable to Noncontrolling Interests

The tables below summarize net income (loss) attributable to noncontrolling interests for the years ended December 31, 2012, 2011 and 2010 and noncontrolling interests as of December 31, 2012 and 2011 in the Company’s consolidated financial statements:

	Net Income (Loss) Attributable to Noncontrolling Interests Year Ended December 31,
	2012			2011			2010
LAZ-MD Holdings	$	5,114		$	11,964		$	12,564
Edgewater		3,491			4,130			6,690
Other		(129	)		(452	)		190
Total	$	8,476		$	15,642		$	19,444

	Noncontrolling Interests As Of December 31,
	2012		2011
LAZ-MD Holdings	$	5,405	$	31,954
Edgewater		75,262		91,713
Other		1,217		17,046
Total	$	81,884	$	140,713