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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
REVENUE        
Investment banking and other advisory fees $ 410,275 $ 286,609 $ 745,191 $ 551,752
Asset management fees 293,879 241,397 566,803 475,128
Interest income 1,609 1,168 3,263 2,540
Other 24,183 17,468 52,109 27,338
Total revenue 729,946 546,642 1,367,366 1,056,758
Interest expense 12,766 11,962 26,722 23,860
Net revenue 717,180 534,680 1,340,644 1,032,898
OPERATING EXPENSES        
Compensation and benefits 414,612 308,310 776,413 605,520
Occupancy and equipment 30,828 27,163 58,312 54,170
Marketing and business development 24,027 23,877 43,779 43,565
Technology and information services 32,032 24,296 56,056 47,227
Professional services 11,234 11,245 22,696 21,007
Fund administration and outsourced services 18,338 15,895 34,251 29,330
Amortization and other acquisition-related costs 1,257 330 4,831 974
Other 12,351 10,328 21,608 19,492
Total operating expenses 544,679 421,444 1,017,946 821,285
OPERATING INCOME 172,501 113,236 322,698 211,613
Provision for income taxes 51,600 31,872 91,367 59,526
NET INCOME 120,901 81,364 231,331 152,087
LESS - NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS 523 1,007 3,400 4,907
NET INCOME ATTRIBUTABLE TO LAZARD LTD $ 120,378 $ 80,357 $ 227,931 $ 147,180
WEIGHTED AVERAGE SHARES OF COMMON STOCK OUTSTANDING:        
Basic 122,368,150 125,461,948 122,591,656 125,751,195
Diluted 132,139,616 132,341,522 132,414,496 132,616,403
NET INCOME PER SHARE OF COMMON STOCK:        
Basic $ 0.98 $ 0.64 $ 1.86 $ 1.17
Diluted 0.91 0.61 1.72 1.11
DIVIDENDS DECLARED PER SHARE OF COMMON STOCK $ 0.41 $ 0.38 $ 1.99 $ 1.93