Share Repurchase Program—During the three month period ended March 31, 2019 and since 2017, 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
October 2017	$	200,000	December 31, 2019
April 2018	$	300,000	December 31, 2020
October 2018	$	300,000	December 31, 2020
February 2019	$	300,000	December 31, 2020

The Company expects that the share repurchase program will continue to 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”) and the Lazard Ltd 2018 Incentive Compensation Plan (the “2018 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 quarter to quarter due to a variety of factors. Purchases with respect to such program are set forth in the table below:

During the three month periods ended March 31, 2019 and 2018, certain of our executive officers received Class A common stock in connection with the vesting or settlement of previously-granted deferred equity incentive awards. The vesting or settlement of such equity awards gave rise to a tax payable by the executive officers, and, consistent with our past practice, the Company purchased shares of Class A common stock from the executive officers equal in value to all or a portion of the estimated amount of such tax. In addition, during the three month period ended March 31, 2018, the Company purchased shares of Class A common stock from certain of our executive officers. The aggregate value of all such purchases during the three month periods ended March 31, 2019 and 2018 was approximately $14,600 and $16,400, respectively. Such shares of Class A common stock are reported at cost.

As of March 31, 2019, a total of $403,415 of share repurchase authorization remained available under the Company’s share repurchase program, all of which will expire on December 31, 2020.

During the three month period ended March 31, 2019, the Company had in place trading plans under Rule 10b5-1 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), pursuant to which it effected stock repurchases in the open market.

Preferred Stock—Lazard Ltd has 15,000,000 authorized shares of preferred stock, par value $0.01 per share, inclusive of its Series A and Series B preferred stock. Series A and Series B preferred shares were issued in connection with certain prior year business acquisitions and were each non-participating securities convertible into Class A common stock, and had no voting or dividend rights. As of both March 31, 2019 and December 31, 2018, no shares of Series A or Series B preferred stock were outstanding.

Accumulated Other Comprehensive Income (Loss), Net of Tax—The tables below reflect the balances of each component of AOCI at March 31, 2019 and 2018 and activity during the three month periods then ended:

	Three Months Ended March 31, 2019
	Currency Translation Adjustments			Employee Benefit Plans			Total AOCI			Amount Attributable to Noncontrolling Interests			Total Lazard Ltd AOCI
Balance, January 1, 2019	$	(130,137	)	$	(143,683	)	$	(273,820	)	$	(2	)	$	(273,818	)
Activity:
Other comprehensive income before reclassifications		3,780			49			3,829			1			3,828
Adjustments for items reclassified to earnings, net of tax		-			1,132			1,132			-			1,132
Net other comprehensive income		3,780			1,181			4,961			1			4,960
Balance, March 31, 2019	$	(126,357	)	$	(142,502	)	$	(268,859	)	$	(1	)	$	(268,858	)

	Three Months Ended March 31, 2018
	Currency Translation Adjustments			Employee Benefit Plans			Total AOCI			Amount Attributable to Noncontrolling Interests			Total Lazard Ltd AOCI
Balance, January 1, 2018	$	(83,535	)	$	(148,984	)	$	(232,519	)	$	(1	)	$	(232,518	)
Activity:
Other comprehensive income (loss) before reclassifications		17,346			(5,014	)		12,332			-			12,332
Adjustments for items reclassified to earnings, net of tax		-			1,062			1,062			-			1,062
Net other comprehensive income (loss)		17,346			(3,952	)		13,394			-			13,394
Balance, March 31, 2018	$	(66,189	)	$	(152,936	)	$	(219,125	)	$	(1	)	$	(219,124	)

The table below reflects adjustments for items reclassified out of AOCI, by component, for the three month periods ended March 31, 2019 and 2018:

	Three Months Ended
	March 31,
	2019		2018
Amortization relating to employee benefit plans (a)	$	1,310	$	1,278
Less - related income taxes		178		216
Total reclassifications, net of tax	$	1,132	$	1,062

Noncontrolling Interests—Noncontrolling interests principally represent interests held in Edgewater’s management vehicles that the Company is deemed to control, but does not own, and profits interest participation rights (see Note 14).

The tables below summarize net income attributable to noncontrolling interests for the three month periods ended March 31, 2019 and 2018 and noncontrolling interests as of March 31, 2019 and December 31, 2018 in the Company’s condensed consolidated financial statements:

	Net Income Attributable to Noncontrolling Interests
	Three Months Ended
	March 31,
	2019			2018
Edgewater	$	(566	)	$	1,968
Other		-			1
Total	$	(566	)	$	1,969

	Noncontrolling Interests as of
	March 31,		December 31,
	2019		2018
Edgewater	$	51,610	$	52,695
Profits interest participation rights		18,528		535
Other		13		12
Total	$	70,151	$	53,242

Dividends Declared, April 24, 2019—On April 24, 2019, the Board of Directors of Lazard declared a quarterly dividend of $0.47 per share on our Class A common stock. The dividend is payable on May 17, 2019, to stockholders of record on May 6, 2019.