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NET INCOME (LOSS) PER SHARE OF COMMON STOCK | 6 Months Ended
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Jun. 30, 2024
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 three month and six month periods ended June 30, 2024 and 2023 are presented below:
| Three Months Ended June 30, |  | Six Months Ended June 30, |  |
| 2024 |  | 2023 |  | 2024 |  | 2023 |  |  |  |
Net income (loss) attributable to Lazard | $ | 49,909 |  |  | $ | (124,013) |  |  | $ | 85,664 |  |  | $ | (146,185) |  |  |  |  |
Adjustment for earnings attributable to participating securities | (873) |  |  | (763) |  |  | (2,152) |  |  | (1,888) |  |  |  |  |
Net income (loss) attributable to Lazard - basic | 49,036 |  |  | (124,776) |  |  | 83,512 |  |  | (148,073) |  |  |  |  |
Adjustment for earnings attributable to participating securities | 206 |  |  | – |  |  | 401 |  |  | – |  |  |  |  |
Net income (loss) attributable to Lazard - diluted | $ | 49,242 |  |  | $ | (124,776) |  |  | $ | 83,913 |  |  | $ | (148,073) |  |  |  |  |
Weighted average number of shares of common stock outstanding | 90,172,325 |  | 86,787,954 |  | 89,360,041 |  | 86,261,198 |  |  |  |
Weighted average number of shares of common stock issuable on a non-contingent basis | 2,714,039 |  | 1,941,700 |  | 2,713,373 |  | 1,899,555 |  |  |  |
Weighted average number of shares of common stock outstanding - basic | 92,886,364 |  | 88,729,654 |  | 92,073,414 |  | 88,160,753 |  |  |  |
Weighted average number of incremental shares of common stock issuable from share-based incentive compensation (a) | 7,741,503 |  | – |  | 7,916,403 |  | – |  |  |  |
Weighted average number of shares of common stock outstanding - diluted | 100,627,867 |  |  | 88,729,654 |  |  | 99,989,817 |  |  | 88,160,753 |  |  |  |  |
Net income (loss) attributable to Lazard per share of common stock: |  |  |  |  |  |  |  |  |  |  |
Basic | $ | 0.53 |  |  | $ | (1.41) |  |  | $ | 0.91 |  |  | $ | (1.68) |  |  |  |  |
Diluted | $ | 0.49 |  |  | $ | (1.41) |  |  | $ | 0.84 |  |  | $ | (1.68) |  |  |  |  |
___________________________________ (a)The aggregate weighted average number of incremental shares of common stock issuable from PIPRs for the three month and six month periods ended June 30, 2024 of 1,229,021 and 1,698,271, respectively, and from RSUs, PRSUs and PIPRs for the three month and six month periods ended June 30, 2023 of 3,427,886 and 4,737,193, respectively, that could be potentially dilutive in future periods, have been excluded from the computation of diluted net income (loss) per share as the effect would be antidilutive in the respective periods.

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