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STOCKHOLDERS’ EQUITY AND REDEEMABLE NONCONTROLLING INTERESTS (Tables)
6 Months Ended
Jun. 30, 2024
Equity [Abstract]  
Schedule of Share Repurchase Authorized by Board of Directors The Board of Directors of Lazard authorized the repurchase of Lazard, Inc. common stock (“common stock”) as set forth in the table below as of June 30, 2024:
DateRepurchase
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:
Six Months Ended June 30:Number of
Shares
Purchased
Average
Price Per
Share
20232,697,627$36.73 
20241,055,913$38.66 
Schedule of Accumulated Other Comprehensive Income (Loss), Net of Tax The tables below reflect the balances of each component of AOCI at June 30, 2024 and 2023 and activity during the three month and six month periods then ended:
Three Months Ended June 30, 2024
Currency
Translation
Adjustments
Employee
Benefit
Plans
Total
AOCI
Amount
Attributable to
Noncontrolling
Interests
Total
Lazard, Inc.
AOCI
Balance - April 1, 2024$(140,253)$(163,741)$(303,994)$$(303,995)
Activity:
Other comprehensive income (loss) before reclassifications(4,572)789 (3,783)– (3,783)
Adjustments for items reclassified to earnings, net of tax– 1,485 1,485 – 1,485 
Net other comprehensive income (loss)(4,572)2,274 (2,298)– (2,298)
Balance, June 30, 2024$(144,825)$(161,467)$(306,292)$$(306,293)
Six Months Ended June 30, 2024
Currency
Translation
Adjustments
Employee
Benefit
Plans
Total
AOCI
Amount
Attributable to
Noncontrolling
Interests
Total
Lazard, Inc.
AOCI
Balance - January 1, 2024$(123,991)$(165,958)$(289,949)$$(289,950)
Activity:
Other comprehensive income (loss) before reclassifications(20,834)1,604 (19,230)– (19,230)
Adjustments for items reclassified to earnings, net of tax– 2,887 2,887 – 2,887 
Net other comprehensive income (loss)(20,834)4,491 (16,343)– (16,343)
Balance, June 30, 2024$(144,825)$(161,467)$(306,292)$$(306,293)
Three Months Ended June 30, 2023
Currency
Translation
Adjustments
Employee
Benefit
Plans
Total
AOCI
Amount
Attributable to
Noncontrolling
Interests
Total
Lazard, Inc.
AOCI
Balance - April 1, 2023$(142,385)$(140,571)$(282,956)$$(282,957)
Activity:
Other comprehensive income (loss) before reclassifications2,478 (2,585)(107)(2)(105)
Adjustments for items reclassified to earnings, net of tax– 1,176 1,176 – 1,176 
Net other comprehensive income (loss)2,478 (1,409)1,069 (2)1,071 
Balance, June 30, 2023$(139,907)$(141,980)$(281,887)$(1)$(281,886)
Six Months Ended June 30, 2023
Currency
Translation
Adjustments
Employee
Benefit
Plans
Total
AOCI
Amount
Attributable to
Noncontrolling
Interests
Total
Lazard, Inc.
AOCI
Balance - January 1, 2023$(156,924)$(138,930)$(295,854)$– $(295,854)
Activity:
Other comprehensive income (loss) before reclassifications17,017 (5,386)11,631 (1)11,632 
Adjustments for items reclassified to earnings, net of tax– 2,336 2,336 – 2,336 
Net other comprehensive income (loss)17,017 (3,050)13,967 (1)13,968 
Balance, June 30, 2023$(139,907)$(141,980)$(281,887)$(1)$(281,886)
Schedule of Adjustments for Items Reclassified From AOCI
The table below reflects adjustments for items reclassified out of AOCI, by component, for the three month and six month periods ended June 30, 2024 and 2023:
Three Months Ended
June 30,
Six Months Ended
June 30,
2024202320242023
Employee benefit plans:
Amortization relating to employee benefit plans (a)$1,940 $1,561 $3,797 $3,097 
Less - related income taxes455 385 910 761 
Total reclassifications, net of tax$1,485 $1,176 $2,887 $2,336 
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(a)Included in the computation of net periodic benefit cost (see Note 14). Such amounts are included in “operating expenses–other” on the condensed consolidated statements of operations.