Net Income Per Share of Class A Common Stock

3 Months Ended

Mar. 31, 2017

Net Income Per Share of Class A Common Stock

15.	NET INCOME PER SHARE OF CLASS A COMMON STOCK

The Company’s basic and diluted net income per share calculations for the three month periods ended March 31, 2017 and 2016 are computed as described below.

Basic Net Income Per Share

Numerator—utilizes net income attributable to Lazard Ltd for the respective periods.

Denominator—utilizes the weighted average number of shares of Class A common stock outstanding for the respective periods, plus applicable adjustments to such shares associated with shares of Class A common stock issuable on a non-contingent basis.

Diluted Net Income Per Share

Numerator—utilizes net income attributable to Lazard Ltd for the respective periods as in the basic net income per share calculation described above.

Denominator—utilizes the weighted average number of shares of Class A common stock outstanding for the respective periods as in the basic net income per share calculation described above, plus, to the extent dilutive, the incremental number of shares of Class A common stock required to settle share-based incentive compensation.

The calculations of the Company’s basic and diluted net income per share and weighted average shares outstanding for the three month periods ended March 31, 2017 and 2016 are presented below:

	Three Months Ended
	March 31,
	2017		2016
Net income attributable to Lazard Ltd - basic	$	107,553	$	66,823
Net income attributable to Lazard Ltd - diluted	$	107,553	$	66,823
Weighted average number of shares of Class A common stock outstanding		122,531,221		125,968,430
Add - adjustment for shares of Class A common stock issuable on a non-contingent basis		283,942		72,011
Weighted average number of shares of Class A common stock outstanding - basic		122,815,163		126,040,441
Add - dilutive effect, as applicable, of:
Weighted average number of incremental shares of Class A common stock issuable from share-based incentive compensation		9,874,212		6,850,843
Weighted average number of shares of Class A common stock outstanding - diluted		132,689,375		132,891,284
Net income attributable to Lazard Ltd per share of Class A common stock:
Basic	$	0.88	$	0.53
Diluted	$	0.81	$	0.50