Net Income Per Share of Common Stock (Tables)

6 Months Ended

Jun. 30, 2021

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 six month periods ended June 30, 2021 and 2020 are presented below:

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2021			2020			2021			2020
Net income attributable to Lazard Ltd	$	123,178		$	73,458		$	210,478		$	137,480
Add - adjustment for earnings attributable to participating securities		(1,549	)		(1,349	)		(2,841	)		(2,362	)
Net income attributable to Lazard Ltd - basic		121,629			72,109			207,637			135,118
Add - adjustment for earnings attributable to participating securities		1,549			1,170			2,841			2,183
Net income attributable to Lazard Ltd - diluted	$	123,178		$	73,279		$	210,478		$	137,301
Weighted average number of shares of common stock outstanding		105,104,377			104,732,667			105,324,825			104,597,422
Add - adjustment for shares of common stock issuable on a non-contingent basis		1,642,277			1,929,397			1,694,282			1,885,591
Weighted average number of shares of common stock outstanding - basic		106,746,654			106,662,064			107,019,107			106,483,013
Add - dilutive effect, as applicable, of:
Weighted average number of incremental shares of common stock issuable from share-based incentive compensation		6,856,824			4,825,685			7,693,778			6,320,951
Weighted average number of shares of common stock outstanding - diluted		113,603,478			111,487,749			114,712,885			112,803,964
Net income attributable to Lazard Ltd per share of common stock:
Basic	$	1.14		$	0.68		$	1.94		$	1.27
Diluted	$	1.08		$	0.66		$	1.83		$	1.22