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Net Income Per Share of Common Stock (Tables)
3 Months Ended
Mar. 31, 2023
Earnings Per Share [Abstract]  
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 periods ended March 31, 2023 and 2022 are presented below: 

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2023

 

 

2022

 

Net income attributable to Lazard Ltd

 

$

(22,172

)

 

$

113,876

 

Add - adjustment for earnings attributable to participating

   securities

 

 

(1,125

)

 

 

(1,733

)

Net income attributable to Lazard Ltd - basic

 

 

(23,297

)

 

 

112,143

 

Add - adjustment for earnings attributable to participating

   securities

 

 

-

 

 

 

1,129

 

Net income attributable to Lazard Ltd - diluted

 

$

(23,297

)

 

$

113,272

 

Weighted average number of shares of common

   stock outstanding

 

 

85,734,443

 

 

 

100,634,720

 

Add - adjustment for shares of common stock

   issuable on a non-contingent basis

 

 

1,857,409

 

 

 

1,912,557

 

Weighted average number of shares of common

   stock outstanding - basic

 

 

87,591,852

 

 

 

102,547,277

 

Add - dilutive effect, as applicable, of:

 

 

 

 

 

 

 

 

Weighted average number of incremental shares of

   common stock issuable from share-based

   incentive compensation

 

 

-

 

 

 

5,639,365

 

Weighted average number of shares of common stock

   outstanding - diluted

 

 

87,591,852

 

 

 

108,186,642

 

Net income attributable to Lazard Ltd per share of common stock:

 

 

 

 

 

 

 

 

Basic

 

$

(0.27

)

 

$

1.09

 

Diluted

 

$

(0.27

)

 

$

1.05