Net Income (Loss) Per Share of Common Stock (Tables)

12 Months Ended

Dec. 31, 2023

Schedule of Company's Basic and Diluted Net Income Per Share and Weighted Average Shares Outstanding

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,
	2023		2022		2021
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	86,751,822		93,994,663		104,166,347
Add - adjustment for shares of common stock issuable on a non-contingent basis	2,242,163		1,669,466		1,869,461
Weighted average number of shares of common stock outstanding - basic	88,993,985		95,664,129		106,035,808
Add - dilutive effect, as applicable, of:
Weighted average number of incremental shares of common stock issuable from share-based incentive compensation (a)	–		5,333,545		7,638,891
Weighted average number of shares of common stock outstanding - diluted	88,993,985		100,997,674		113,674,699
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

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(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.