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Stockholders' Equity and Redeemable Noncontrolling Interests (Tables) | 12 Months Ended
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Dec. 31, 2023
Equity [Abstract] |
Schedule of Share Repurchase Authorized by Board of Directors | The Board of Directors of Lazard authorized the repurchase of Lazard Ltd Class A common stock (“common stock”), the only class of common stock of Lazard outstanding as set forth in the table below.
Date |  | Repurchase Authorization |  | Expiration
February 2022 |  | $ | 300,000 |  |  | December 31, 2024
July 2022 |  | $ | 500,000 |  |  | December 31, 2024
Schedule of Shares Repurchased Under the Share Repurchase Program | Purchases with respect to such program are set forth in the table below:
Year Ended December 31: |  | Number of Shares Purchased |  | Average Price Per Share
2021 |  | 9,124,295 |  | $ | 44.51 |
2022 |  | 19,666,798 |  | $ | 35.17 |
2023 |  | 2,782,662 |  | $ | 36.67 |
Schedule of Accumulated Other Comprehensive Income (Loss), Net of Tax | The tables below reflect the balances of each component of AOCI at December 31, 2023, 2022 and 2021 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, 2023 | $ | (156,924) |  |  | $ | (138,930) |  |  | $ | (295,854) |  |  | $ | – |  |  | $ | (295,854) |
Activity: |  |  |  |  |  |  |  |  |
Other comprehensive income (loss) before reclassifications | 31,107 |  |  | (32,261) |  |  | (1,154) |  |  | 1 |  |  | (1,155) |
Adjustments for items reclassified to earnings, net of tax | 1,826 |  |  | 5,233 |  |  | 7,059 |  |  | – |  |  | 7,059 |
Net other comprehensive income (loss) | 32,933 |  |  | (27,028) |  |  | 5,905 |  |  | 1 |  |  | 5,904 |
Balance, December 31, 2023 | $ | (123,991) |  |  | $ | (165,958) |  |  | $ | (289,949) |  |  | $ | 1 |  |  | $ | (289,950) |
| Currency Translation Adjustments |  | Employee Benefit Plans |  | Total AOCI |  | Amount Attributable to Noncontrolling Interests |  | Total Lazard Ltd AOCI
Balance, January 1, 2022 | $ | (92,178) |  |  | $ | (131,669) |  |  | $ | (223,847) |  |  | $ | – |  |  | $ | (223,847) |
Activity: |  |  |  |  |  |  |  |  |
Other comprehensive loss before reclassifications | (64,778) |  |  | (11,413) |  |  | (76,191) |  |  | – |  |  | (76,191) |
Adjustments for items reclassified to earnings, net of tax | 32 |  |  | 4,152 |  |  | 4,184 |  |  | – |  |  | 4,184 |
Net other comprehensive loss | (64,746) |  |  | (7,261) |  |  | (72,007) |  |  | – |  |  | (72,007) |
Balance, December 31, 2022 | $ | (156,924) |  |  | $ | (138,930) |  |  | $ | (295,854) |  |  | $ | – |  |  | $ | (295,854) |
| 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) |
Schedule of Adjustments for Items Reclassified From AOCI | The table below reflects adjustments for items reclassified out of AOCI, by component, for the years ended December 31, 2023, 2022 and 2021:
| Year Ended December 31,
| 2023 |  | 2022 |  | 2021
Currency translation losses (a) | $ | 1,826 |  |  | $ | 32 |  |  | $ | 23,645 |
Employee benefit plans: |  |  |  |  |
Amortization relating to employee benefit plans (b) | 6,754 |  |  | 5,146 |  |  | 7,269 |
Less - related income taxes | 1,521 |  |  | 994 |  |  | 1,609 |
| 5,233 |  |  | 4,152 |  |  | 5,660 |
Total reclassifications, net of tax | $ | 7,059 |  |  | $ | 4,184 |  |  | $ | 29,305 |
________________________ (a)Represents currency translation losses reclassified from AOCI associated with closing 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.
Schedule of Net Income (Loss) Attributable to Noncontrolling Interests | The tables below summarize net income (loss) attributable to noncontrolling interests for the years ended December 31, 2023, 2022 and 2021 and noncontrolling interests as of December 31, 2023 and 2022 in the Company’s consolidated financial statements:
| Net Income (Loss) Attributable to Noncontrolling Interests Year Ended December 31,
| 2023 |  | 2022 |  | 2021
Edgewater | $ | 6,051 |  |  | $ | 31,314 |  |  | $ | 10,466 |
LFI Consolidated Funds | 10,150 |  |  | (11,415) |  |  | 7,950 |
LGAC | 1,968 |  |  | 15,064 |  |  | (3,940) |
Other | 3 |  |  | 3 |  |  | 5 |
Total | $ | 18,172 |  |  | $ | 34,966 |  |  | $ | 14,481 |
| Noncontrolling Interests as of December 31,
| 2023 |  | 2022
Edgewater | $ | 46,571 |  |  | $ | 44,681 |
Profits interest participation rights | 11,843 |  |  | 10,792 |
LFI Consolidated Funds | – |  |  | 74,164 |
LGAC | – |  |  | (10,714) |
Other | 14 |  |  | 13 |
Total | $ | 58,428 |  |  | $ | 118,936 |

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