Stockholders' Equity (Tables)

12 Months Ended

Dec. 31, 2021

Equity [Abstract]

Schedule of Share Repurchase Authorized by Board of Directors

Share Repurchase Program—Since 2019 and through the year ended December 31, 2021, the Board of Directors of Lazard authorized the repurchase of common stock as set forth in the table below.

Date	Repurchase Authorization		Expiration
February 2019	$	300,000	December 31, 2020
October 2019	$	300,000	December 31, 2021
April 2021	$	300,000	December 31, 2022

Schedule of Shares Repurchased Under the Share Repurchase Program

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, as amended (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 period to period due to a variety of factors. Purchases with respect to such program are set forth in the table below:

Years Ended December 31:	Number of Shares Purchased		Average Price Per Share
2019		13,674,439	$	36.18
2020		2,912,035	$	32.70
2021		9,124,295	$	44.51

Accumulated Other Comprehensive Income (Loss), Net of Tax

Accumulated Other Comprehensive Income (Loss), Net of Tax—The tables below reflect the balances of each component of AOCI at December 31, 2021, 2020 and 2019 and activity during the years then ended:

	Currency Translation Adjustments			Employee Benefit Plans			Total AOCI			Amount Attributable to Noncontrolling Interests		Total Lazard Ltd AOCI
Balance, January 1, 2021	$	(67,724	)	$	(170,644	)	$	(238,368	)	$	-	$	(238,368	)
Activity:
Other comprehensive income (loss) before    reclassifications		(48,099	)		33,315			(14,784	)		-		(14,784	)
Adjustments for items reclassified to earnings,    net of tax		23,645			5,660			29,305			-		29,305
Net other comprehensive income (loss)		(24,454	)		38,975			14,521			-		14,521
Balance, December 31, 2021	$	(92,178	)	$	(131,669	)	$	(223,847	)	$	-	$	(223,847	)

	Currency Translation Adjustments			Employee Benefit Plans			Total AOCI			Amount Attributable to Noncontrolling Interests			Total Lazard Ltd AOCI
Balance, January 1, 2020	$	(120,586	)	$	(173,064	)	$	(293,650	)	$	(2	)	$	(293,648	)
Activity:
Other comprehensive income (loss) before    reclassifications		52,862			(3,626	)		49,236			2			49,234
Adjustments for items reclassified to earnings,    net of tax		-			6,046			6,046			-			6,046
Net other comprehensive income		52,862			2,420			55,282			2			55,280
Balance, December 31, 2020	$	(67,724	)	$	(170,644	)	$	(238,368	)	$	-		$	(238,368	)

	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 (loss) before    reclassifications		9,551			(34,098	)		(24,547	)		-			(24,547	)
Adjustments for items reclassified to earnings,    net of tax		-			4,717			4,717			-			4,717
Net other comprehensive income (loss)		9,551			(29,381	)		(19,830	)		-			(19,830	)
Balance, December 31, 2019	$	(120,586	)	$	(173,064	)	$	(293,650	)	$	(2	)	$	(293,648	)

Adjustments for Items Reclassified Out of AOCI

The table below reflects adjustments for items reclassified out of AOCI, by component, for the years ended December 31, 2021, 2020 and 2019:

	Year Ended December 31,
	2021		2020		2019
Currency translation losses (a)	$	23,645	$	-	$	-
Employee benefit plans:
Amortization relating to employee benefit plans (b)		7,269		7,522		5,884
Less - related income taxes		1,609		1,476		1,167
		5,660		6,046		4,717
Total reclassifications, net of tax	$	29,305	$	6,046	$	4,717

(a) Represents currency translation losses reclassified to earnings from AOCI associated with restructuring and closing of certain of our offices. Such amounts are included in “revenue–other” on the consolidated statements of operations.

(b) Included in the computation of net periodic benefit cost (see Note 17). Such amounts are included in “operating expenses–other” on the consolidated statements of operations.

Net Income (Loss) Attributable to Noncontrolling Interests

The tables below summarize net income (loss) attributable to noncontrolling interests for the years ended December 31, 2021, 2020 and 2019 and noncontrolling interests as of December 31, 2021 and 2020 in the Company’s consolidated financial statements:

	Net Income (Loss) Attributable to Noncontrolling Interests Year Ended December 31,
	2021			2020			2019
Edgewater	$	10,466		$	(2,349	)	$	9,850
LFI Consolidated Funds		7,950			2,577			1,363
LGAC		(3,940	)		-			-
Other		5			3			3
Total	$	14,481		$	231		$	11,216

	Noncontrolling Interests as of December 31,
	2021			2020
Edgewater	$	44,826		$	45,352
Profits interest participation rights		4,049			1,776
LFI Consolidated Funds		67,299			40,517
LGAC		(13,445	)		-
Other		15			16
Total	$	102,744		$	87,661