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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
REVENUE        
Interest income $ 3,962 $ 3,029 $ 11,775 $ 7,877
Total revenue 611,073 640,800 1,923,552 2,180,533
Interest expense 20,005 14,319 58,120 41,416
Net revenue 591,068 626,481 1,865,432 2,139,117
OPERATING EXPENSES        
Compensation and benefits 391,363 343,987 1,136,087 1,165,193
Occupancy and equipment 29,856 28,848 89,104 88,326
Marketing and business development 27,318 21,868 84,086 75,755
Technology and information services 34,076 36,394 104,956 102,173
Professional services 15,105 13,353 48,466 42,498
Fund administration and outsourced services 28,425 34,748 85,848 103,159
Amortization and other acquisition-related (benefits) costs 1,022 (5,851) 9,534 (13,468)
Other 11,530 14,453 33,630 51,032
Total operating expenses 538,695 487,800 1,591,711 1,614,668
OPERATING INCOME 52,373 138,681 273,721 524,449
Provision for income taxes 4,177 29,956 55,536 105,684
NET INCOME 48,196 108,725 218,185 418,765
LESS - NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS 1,492 1,651 8,662 5,036
NET INCOME ATTRIBUTABLE TO LAZARD LTD $ 46,704 $ 107,074 $ 209,523 $ 413,729
WEIGHTED AVERAGE SHARES OF COMMON STOCK OUTSTANDING:        
Basic 109,285,727 119,456,516 111,070,395 119,897,626
Diluted 113,881,690 129,859,728 116,959,041 130,750,392
NET INCOME PER SHARE OF COMMON STOCK:        
Basic $ 0.42 $ 0.90 $ 1.87 $ 3.45
Diluted $ 0.40 $ 0.82 $ 1.77 $ 3.16
Investment Banking and Other Advisory Fees [Member]        
REVENUE        
Revenue $ 305,303 $ 309,690 $ 970,081 $ 1,139,860
Asset Management Fees [Member]        
REVENUE        
Revenue 287,140 312,790 876,159 986,777
Other [Member]        
REVENUE        
Revenue $ 14,668 $ 15,291 $ 65,537 $ 46,019