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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
REVENUE    
Investment banking and other advisory fees $ 334,916 $ 265,143
Asset management fees 272,924 233,731
Interest income 1,654 1,372
Other 27,926 9,870
Total revenue 637,420 510,116
Interest expense 13,956 11,898
Net revenue 623,464 498,218
OPERATING EXPENSES    
Compensation and benefits 361,801 297,210
Occupancy and equipment 27,484 27,007
Marketing and business development 19,752 19,688
Technology and information services 24,024 22,931
Professional services 11,462 9,762
Fund administration and outsourced services 15,913 13,435
Amortization and other acquisition-related costs 3,574 644
Other 9,257 9,164
Total operating expenses 473,267 399,841
OPERATING INCOME 150,197 98,377
Provision for income taxes 39,767 27,654
NET INCOME 110,430 70,723
LESS - NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS 2,877 3,900
NET INCOME ATTRIBUTABLE TO LAZARD LTD $ 107,553 $ 66,823
WEIGHTED AVERAGE SHARES OF COMMON STOCK OUTSTANDING:    
Basic 122,815,163 126,040,441
Diluted 132,689,375 132,891,284
NET INCOME PER SHARE OF COMMON STOCK:    
Basic $ 0.88 $ 0.53
Diluted 0.81 0.50
DIVIDENDS DECLARED PER SHARE OF COMMON STOCK $ 1.58 $ 1.55