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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
REVENUE        
Interest income $ 1,340 $ 4,013 $ 3,752 $ 7,813
Total revenue 592,264 650,801 1,150,421 1,312,479
Interest expense 19,972 20,111 40,115 38,115
Net revenue 572,292 630,690 1,110,306 1,274,364
OPERATING EXPENSES        
Compensation and benefits 351,568 372,470 671,323 744,724
Occupancy and equipment 30,574 30,953 62,772 59,248
Marketing and business development 6,517 28,784 26,703 56,768
Technology and information services 32,629 38,825 63,987 70,880
Professional services 16,728 19,144 31,273 33,361
Fund administration and outsourced services 24,053 28,493 50,443 57,423
Amortization and other acquisition-related costs 455 5,042 901 8,512
Other 13,903 5,294 22,942 22,100
Total operating expenses 476,427 529,005 930,344 1,053,016
OPERATING INCOME 95,865 101,685 179,962 221,348
Provision for income taxes 22,789 28,172 48,555 51,359
NET INCOME 73,076 73,513 131,407 169,989
LESS - NET INCOME (LOSS) ATTRIBUTABLE TO NONCONTROLLING INTERESTS (382) 7,736 (6,073) 7,170
NET INCOME ATTRIBUTABLE TO LAZARD LTD $ 73,458 $ 65,777 $ 137,480 $ 162,819
WEIGHTED AVERAGE SHARES OF COMMON STOCK OUTSTANDING:        
Basic 106,662,064 111,981,204 106,483,013 111,962,729
Diluted 111,487,749 116,175,349 112,803,964 118,497,717
NET INCOME PER SHARE OF COMMON STOCK:        
Basic $ 0.68 $ 0.57 $ 1.27 $ 1.44
Diluted $ 0.66 $ 0.55 $ 1.22 $ 1.36
Investment Banking and Other Advisory Fees [Member]        
REVENUE        
Revenue $ 304,259 $ 328,974 $ 601,928 $ 664,778
Asset Management Fees [Member]        
REVENUE        
Revenue 245,291 296,581 514,509 589,019
Other [Member]        
REVENUE        
Revenue $ 41,374 $ 21,233 $ 30,232 $ 50,869