Net Income Per Share of Common Stock (Tables)

9 Months Ended

Sep. 30, 2020

Company's Basic and Diluted Net Income Per Share and Weighted Average Shares Outstanding

The Company’s basic and diluted net income per share calculations using the “two-class” method for the three month and nine month periods ended September 30, 2020 and 2019 are presented below:

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2020			2019			2020			2019
Net income attributable to Lazard Ltd	$	75,092		$	46,704		$	212,572		$	209,523
Add - adjustment for earnings attributable to participating securities		(1,505	)		(625	)		(3,867	)		(2,229	)
Net income attributable to Lazard Ltd - basic		73,587			46,079			208,705			207,294
Add - adjustment for earnings attributable to participating securities		1,203			-			3,386			5
Net income attributable to Lazard Ltd - diluted	$	74,790		$	46,079		$	212,091		$	207,299
Weighted average number of shares of Class A common stock outstanding		104,989,881			106,730,627			104,728,241			109,474,950
Add - adjustment for shares of common stock issuable on a non-contingent basis		2,178,734			2,555,100			1,983,306			1,595,445
Weighted average number of shares of common stock outstanding - basic		107,168,615			109,285,727			106,711,547			111,070,395
Add - dilutive effect, as applicable, of:
Weighted average number of incremental shares of common stock issuable from share-based incentive compensation		6,012,949			4,595,963			6,218,283			5,888,646
Weighted average number of shares of common stock outstanding - diluted		113,181,564			113,881,690			112,929,830			116,959,041
Net income attributable to Lazard Ltd per share of common stock:
Basic	$	0.69		$	0.42		$	1.96		$	1.87
Diluted	$	0.66		$	0.40		$	1.88		$	1.77