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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
REVENUE    
Investment banking and other advisory fees $ 408,726 $ 334,916
Asset management fees 338,096 272,924
Interest income 2,710 1,654
Other 18,673 27,926
Total revenue 768,205 637,420
Interest expense 13,507 13,956
Net revenue 754,698 623,464
OPERATING EXPENSES    
Compensation and benefits 405,047 361,801
Occupancy and equipment 30,238 27,484
Marketing and business development 25,659 19,752
Technology and information services 33,252 24,024
Professional services 12,431 11,462
Fund administration and outsourced services 35,184 15,913
Amortization and other acquisition-related costs 866 3,574
Other 26,193 9,257
Total operating expenses 568,870 473,267
OPERATING INCOME 185,828 150,197
Provision for income taxes 24,167 39,767
NET INCOME 161,661 110,430
LESS - NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS 1,969 2,877
NET INCOME ATTRIBUTABLE TO LAZARD LTD $ 159,692 $ 107,553
WEIGHTED AVERAGE SHARES OF COMMON STOCK OUTSTANDING:    
Basic 119,930,106 122,815,163
Diluted 132,142,394 132,689,375
NET INCOME PER SHARE OF COMMON STOCK:    
Basic $ 1.33 $ 0.88
Diluted 1.21 0.81
DIVIDENDS DECLARED PER SHARE OF COMMON STOCK $ 1.71 $ 1.58