XML 47 R30.htm IDEA: XBRL DOCUMENT v3.24.0.1
Net Income (Loss) Per Share of Common Stock
 12 Months Ended
Dec. 31, 2023
Earnings Per Share [Abstract]  
Net Income (Loss) Per Share of Common Stock NET INCOME (LOSS) PER SHARE OF COMMON STOCK
The Company is required to utilize the “two-class” method of computing basic and diluted net income per share because the Company issued certain PIPRs, including certain P-PIPRs, which are treated as participating securities.
The Company’s basic and diluted net income (loss) per share calculations using the “two-class” method for the years ended December 31, 2023, 2022, and 2021 are presented below:
Year Ended December 31,
202320222021
Net income (loss) attributable to Lazard Ltd$(75,479)$357,517 $528,064 
Add - adjustment for earnings attributable to participating securities
(4,440)(5,732)(8,647)
Net income (loss) attributable to Lazard Ltd - basic(79,919)351,785 519,417 
Add - adjustment for earnings attributable to participating securities
– 2,641 7,068 
Net income (loss) attributable to Lazard Ltd - diluted$(79,919)$354,426 $526,485 
Weighted average number of shares of common stock outstanding
86,751,82293,994,663104,166,347
Add - adjustment for shares of common stock issuable on a non-contingent basis
2,242,1631,669,4661,869,461
Weighted average number of shares of common stock outstanding - basic
88,993,98595,664,129106,035,808
Add - dilutive effect, as applicable, of:   
Weighted average number of incremental shares of common stock issuable from share-based incentive compensation (a)
–5,333,5457,638,891
Weighted average number of shares of common stock outstanding - diluted
88,993,985100,997,674113,674,699
Net income (loss) attributable to Lazard Ltd per share of common stock:
Basic$(0.90)$3.68 $4.90 
Diluted$(0.90)$3.51 $4.63 
_____________________

(a)The aggregate weighted average number of incremental shares of common stock issuable from RSUs, PRSUs and PIPRs for the year ended December 31, 2023 of 4,779,627, that could be potentially dilutive in future periods, have been excluded from the computation of diluted net loss per share as the effect would be antidilutive in the current periods.