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CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY AND REDEEMABLE NONCONTROLLING INTERESTS (UNAUDITED) - USD ($)
$ in Thousands
Total
Total Lazard Stockholders’ Equity
Common Stock
Additional Paid-In- Capital
Retained Earnings
Accumulated Other Comprehensive Income (Loss), Net of Tax
Common Stock Held By Subsidiaries
Noncontrolling Interests
Redeemable Noncontrolling Interests
Balance at the beginning (in shares) at Dec. 31, 2022     112,766,091       26,814,213    
Balance at the beginning at Dec. 31, 2022 $ 675,399 $ 556,463 $ 1,128 $ 167,890 $ 1,676,713 $ (295,854) $ (993,414) $ 118,936  
Comprehensive income (loss):                  
Net income (134,350) (139,046)     (139,046)     4,696  
Other comprehensive income (loss) - net of tax 2,795 2,795       2,795   0  
Amortization of share-based incentive compensation 209,630 204,641   204,641       4,989  
Dividend equivalents (9,334) (698)   19,094 (19,792)     (8,636)  
Common stock dividends $ (129,367) (129,367)     (129,367)        
Purchase of common stock (in shares) 2,782,662           2,782,662    
Purchase of common stock $ (102,051) (102,051)         $ (102,051)    
Delivery of common stock in connection with share-based incentive compensation and related tax expense (benefit) (in shares)             (4,203,791)    
Delivery of common stock in connection with share-based incentive compensation and related tax expense (benefit) (53,670) (59,334)   (215,539)     $ 156,205 5,664  
Business acquisitions and related equity transactions: Common stock issuable 1,775 1,775   1,775          
Delivery of common stock (in shares)             (41,384)    
Delivery of common stock 0 0   (1,533)     $ 1,533    
Distributions to noncontrolling interests, net (3,820)           (3,820)  
LFI Consolidated Funds (74,164)           (74,164)  
Change in redemption value of redeemable noncontrolling interests (589) (412)   (412)       (177)  
Reversal to net loss of amounts previously charged to additional paid-in-capital and noncontrolling interests 17,929 13,195   13,195       4,734  
Reversal of deferred offering costs liability 20,125 14,087   14,087       6,038  
Other (in shares)             5,240    
Other (747) (730)   (581)     $ (149) (17)  
Balance at the end (in shares) at Sep. 30, 2023     112,766,091       25,356,940    
Balance at the end at Sep. 30, 2023 419,561 361,318 $ 1,128 202,617 1,388,508 (293,059) $ (937,876) 58,243  
Balance at the beginning at Dec. 31, 2022                 $ 583,471
Increase (Decrease) in Temporary Equity [Roll Forward]                  
Net income                 5,549
LFI Consolidated Funds                 78,063
Change in redemption value of redeemable noncontrolling interests                 589
Distribution to redeemable noncontrolling interests                 (585,891)
Balance at the end at Sep. 30, 2023                 81,781
Balance at the beginning (in shares) at Jun. 30, 2023     112,766,091       25,896,701    
Balance at the beginning at Jun. 30, 2023 415,885 359,978 $ 1,128 167,622 1,431,181 (281,886) $ (958,067) 55,907  
Comprehensive income (loss):                  
Net income 10,025 7,139     7,139     2,886  
Other comprehensive income (loss) - net of tax (11,172) (11,173)       (11,173)   1  
Amortization of share-based incentive compensation 58,362 57,058   57,058       1,304  
Dividend equivalents (2,153) (237)   6,133 (6,370)     (1,916)  
Common stock dividends (43,442) (43,442)     (43,442)        
Purchase of common stock (in shares)             85,035    
Purchase of common stock (2,954) (2,954)         $ (2,954)    
Delivery of common stock in connection with share-based incentive compensation and related tax expense (benefit) (in shares)             (624,796)    
Delivery of common stock in connection with share-based incentive compensation and related tax expense (benefit) (5,051) (5,051)   (28,196)     $ 23,145    
Contributions from noncontrolling interests, net 61 0           61  
Balance at the end (in shares) at Sep. 30, 2023     112,766,091       25,356,940    
Balance at the end at Sep. 30, 2023 419,561 361,318 $ 1,128 202,617 1,388,508 (293,059) $ (937,876) 58,243  
Balance at the beginning at Jun. 30, 2023                 83,583
Increase (Decrease) in Temporary Equity [Roll Forward]                  
Net income                 (3,251)
LFI Consolidated Funds                 1,449
Balance at the end at Sep. 30, 2023                 81,781
Balance at the beginning (in shares) at Dec. 31, 2023     112,766,091       25,340,287    
Balance at the beginning at Dec. 31, 2023 482,187 423,759 $ 1,128 247,204 1,402,636 (289,950) $ (937,259) 58,428  
Comprehensive income (loss):                  
Net income 199,757 193,602     193,602     6,155  
Other comprehensive income (loss) - net of tax 18,139 18,106       18,106   33  
Amortization of share-based incentive compensation 235,129 232,998   232,998       2,131  
Dividend equivalents (11,107) (821)   23,896 (24,717)     (10,286)  
Common stock dividends $ (133,823) (133,823)     (133,823)        
Purchase of common stock (in shares) 1,123,413           1,123,413    
Purchase of common stock $ (43,928) (43,928)         $ (43,928)    
Delivery of common stock in connection with share-based incentive compensation and related tax expense (benefit) (in shares)             (4,167,528)    
Delivery of common stock in connection with share-based incentive compensation and related tax expense (benefit) (65,608) (66,849)   (221,242)     $ 154,393 1,241  
Business acquisitions and related equity transactions: Common stock issuable 1,235 1,235   1,235          
Distributions to noncontrolling interests, net (1,987) 0           (1,987)  
Other (in shares)             144    
Other (6) (6)         $ (6)    
Balance at the end (in shares) at Sep. 30, 2024     112,766,091       22,296,316    
Balance at the end at Sep. 30, 2024 679,988 624,273 $ 1,128 284,091 1,437,698 (271,844) $ (826,800) 55,715  
Balance at the beginning at Dec. 31, 2023                 87,675
Increase (Decrease) in Temporary Equity [Roll Forward]                  
Net income                 8,655
LFI Consolidated Funds                 (11,863)
Balance at the end at Sep. 30, 2024                 84,467
Balance at the beginning (in shares) at Jun. 30, 2024     112,766,091       22,596,555    
Balance at the beginning at Jun. 30, 2024 514,190 458,655 $ 1,128 218,455 1,382,703 (306,293) $ (837,338) 55,535  
Comprehensive income (loss):                  
Net income 110,558 107,938     107,938     2,620  
Other comprehensive income (loss) - net of tax 34,482 34,449       34,449   33  
Amortization of share-based incentive compensation 75,584 74,787   74,787       797  
Dividend equivalents (3,274) (218)   7,633 (7,851)     (3,056)  
Common stock dividends (45,092) (45,092)     (45,092)        
Purchase of common stock (in shares)             67,500    
Purchase of common stock (3,112) (3,112)         $ (3,112)    
Delivery of common stock in connection with share-based incentive compensation and related tax expense (benefit) (in shares)             (367,739)    
Delivery of common stock in connection with share-based incentive compensation and related tax expense (benefit) (3,134) (3,134)   (16,784)     $ 13,650    
Distributions to noncontrolling interests, net (214)             (214)  
Balance at the end (in shares) at Sep. 30, 2024     112,766,091       22,296,316    
Balance at the end at Sep. 30, 2024 $ 679,988 $ 624,273 $ 1,128 $ 284,091 $ 1,437,698 $ (271,844) $ (826,800) $ 55,715  
Balance at the beginning at Jun. 30, 2024                 80,931
Increase (Decrease) in Temporary Equity [Roll Forward]                  
Net income                 5,577
LFI Consolidated Funds                 (2,041)
Balance at the end at Sep. 30, 2024                 $ 84,467