Stockholders' Equity (Tables)

12 Months Ended

Dec. 31, 2017

Schedule of Share Repurchase Authorized by Board of Directors

Share Repurchase Program—During the year ended December 31, 2017 and since 2014, the Board of Directors of Lazard authorized the repurchase of Class A common stock as set forth in the table below.

Date	Repurchase Authorization		Expiration
April 2014	$	200,000	December 31, 2015
February 2015	$	150,000	December 31, 2016
January 2016	$	200,000	December 31, 2017
April 2016	$	113,182	December 31, 2017
November 2016	$	236,000	December 31, 2018
October 2017	$	200,000	December 31, 2019

Schedule of Shares Repurchased Under the Share Repurchase Program

The Company expects that the share repurchase program will primarily be used to offset a portion of the shares that have been or will be issued under the Lazard Ltd 2008 Incentive Compensation Plan (the “2008 Plan”). Pursuant to the share repurchase program, purchases have been made in the open market or through privately negotiated transactions. The rate at which the Company purchases shares in connection with the share repurchase program may vary from period to period due to a variety of factors. Purchases with respect to such program are set forth in the table below:

Years Ended December 31:	Number of Shares Purchased		Average Price Per Share
2015		3,438,789	$	50.24
2016		8,551,271	$	35.11
2017		6,956,097	$	44.10

Accumulated Other Comprehensive Income (Loss), Net of Tax

Accumulated Other Comprehensive Income (Loss), Net of Tax—The tables below reflect the balances of each component of AOCI at December 31, 2017, 2016 and 2015 and activity during the years then ended:

	Currency Translation Adjustments			Employee Benefit Plans			Total AOCI			Amount Attributable to Noncontrolling Interests			Total Lazard Ltd AOCI
Balance, January 1, 2017	$	(155,204	)	$	(159,020	)	$	(314,224	)	$	(2	)	$	(314,222	)
Activity January 1 to December 31, 2017:
Other comprehensive income before reclassifications		71,669			2,085			73,754			1			73,753
Adjustments for items reclassified to earnings, net of tax					7,951			7,951						7,951
Net other comprehensive income		71,669			10,036			81,705			1			81,704
Balance, December 31, 2017	$	(83,535	)	$	(148,984	)	$	(232,519	)	$	(1	)	$	(232,518	)

	Currency Translation Adjustments			Employee Benefit Plans			Total AOCI			Amount Attributable to Noncontrolling Interests			Total Lazard Ltd AOCI
Balance, January 1, 2016	$	(97,284	)	$	(137,073	)	$	(234,357	)	$	(1	)	$	(234,356	)
Activity January 1 to December 31, 2016:
Other comprehensive loss before reclassifications		(57,920	)		(24,473	)		(82,393	)		(1	)		(82,392	)
Adjustments for items reclassified to earnings, net of tax		-			2,526			2,526			-			2,526
Net other comprehensive loss		(57,920	)		(21,947	)		(79,867	)		(1	)		(79,866	)
Balance, December 31, 2016	$	(155,204	)	$	(159,020	)	$	(314,224	)	$	(2	)	$	(314,222	)

	Currency Translation Adjustments			Employee Benefit Plans			Total AOCI			Amount Attributable to Noncontrolling Interests			Total Lazard Ltd AOCI
Balance, January 1, 2015	$	(46,102	)	$	(154,665	)	$	(200,767	)	$	(1	)	$	(200,766	)
Activity January 1 to December 31, 2015:
Other comprehensive income (loss) before reclassifications		(51,182	)		11,283			(39,899	)		-			(39,899	)
Adjustments for items reclassified to earnings, net of tax		-			6,309			6,309			-			6,309
Net other comprehensive income (loss)		(51,182	)		17,592			(33,590	)		-			(33,590	)
Balance, December 31, 2015	$	(97,284	)	$	(137,073	)	$	(234,357	)	$	(1	)	$	(234,356	)

Adjustments for Items Reclassified Out of AOCI

The table below reflects adjustments for items reclassified out of AOCI, by component, for the years ended December 31, 2017, 2016 and 2015:

	Year Ended December 31,
	2017		2016		2015
Amortization relating to employee benefit plans (a)	$	10,171	$	4,283	$	7,816
Less - related income taxes		2,220		1,757		1,507
Total reclassifications, net of tax	$	7,951	$	2,526	$	6,309

(a)	Included in the computation of net periodic benefit cost (see Note 15). Such amounts are included in “compensation and benefits” expense on the consolidated statements of operations.

Net Income Attributable to Noncontrolling Interests

The tables below summarize net income attributable to noncontrolling interests for the years ended December 31, 2017, 2016 and 2015 and noncontrolling interests as of December 31, 2017 and 2016, in the Company’s consolidated financial statements:

	Net Income Attributable to Noncontrolling Interests Year Ended December 31,
	2017		2016		2015
Edgewater	$	6,259	$	5,992	$	6,557
Other		5		2		2
Total	$	6,264	$	5,994	$	6,559

	Noncontrolling Interests as of December 31,
	2017		2016
Edgewater	$	58,568	$	57,238
Other		534		588
Total	$	59,102	$	57,826