XML 34 R2.htm IDEA: XBRL DOCUMENT
v3.24.1

Pay vs Performance Disclosure | 3 Months Ended | 9 Months Ended | 12 Months Ended
--- | --- | --- | ---
Dec. 31, 2023 | Sep. 30, 2023 | Dec. 31, 2023 USD ($) $ / shares | Dec. 31, 2022 USD ($) $ / shares | Dec. 31, 2021 USD ($) $ / shares | Dec. 31, 2020 USD ($) $ / shares
Pay vs Performance Disclosure |  |  |  |  |  |
Pay vs Performance Disclosure, Table |  |  | Pay Versus Performance As required by Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act, and Item 402(v) of Regulation S-K, we are providing the following information about the relationship between executive compensation disclosed in the Summary Compensation Table and executive compensation “actually paid” (as defined in Item 402(v) of Regulation S-K) and certain measures of our financial performance with respect to the individuals serving as our CEO (our “PEO”) and, on average, our other NEOs during 2023, 2022, 2021 and 2020. The values shown below are disclosed in the manner required by SEC rules, but in certain cases, particularly with respect to the valuation of equity awards, the values shown may not correspond to the actual economic benefit that will be received by the applicable executive upon receipt of the applicable compensation. In addition, our performance-based long-term incentive awards granted in 2023, 2022, 2021 and 2020 in respect of 2022, 2021, 2020 and 2019 performance, respectively, which are included in this disclosure, are based on three-year forward-looking performance metrics, or the achievement of the Minimum Value Condition, and could result in zero payment to the applicable executive. For further information concerning our executive compensation, see “Compensation Discussion and Analysis.”
| ​ | ​ | Summary Compensation Table Total for PEO | ​ | ​ | Compensation “Actually Paid” to PEO | ​ | ​ | Average Summary Compensation Table Total for Non- PEO NEOs (4) | ​ | ​ | Average Compensation “Actually Paid” to Non- PEO NEOs (3)(5) | ​ | ​ | Value of Initial fixed $100 Investment Based On: | ​ | ​ |  | ​ | ​ |
Year | ​ | ​ | Peter R. Orszag (1) | ​ | ​ | Kenneth M. Jacobs (2) | ​ | ​ | Peter R. Orszag (3) | ​ | ​ | Kenneth M. Jacobs (3) | ​ | ​ | Total Shareholder Return (6) | ​ | ​ | Peer Group Total Shareholder Return (7) | ​ | ​ | Net Income US GAAP (millions) (8) | ​ | ​ | ​Share Price (9)
2023 | ​ | ​ | $ 30,834,841 | ​ | ​ | $ 10,883,187 | ​ | ​ | $ 34,445,932 | ​ | ​ | $ 11,846,936 | ​ | ​ | $ 12,107,938 | ​ | ​ | $ 13,125,354 | ​ | ​ | $ 106.83 | ​ | ​ | $ 112.10 | ​ | ​ | $ (75) | ​ | ​ | ​$34.80
2022 | ​ | ​ | — | ​ | ​ | $ 10,888,560 | ​ | ​ | — | ​ | ​ | $16,756,607 | ​ | ​ | $6,345,221 | ​ | ​ | $8,782,919 | ​ | ​ | $83.86 | ​ | ​ | $89.43 | ​ | ​ | $358 | ​ | ​ | ​$34.67
2021 | ​ | ​ | — | ​ | ​ | $11,777,331 | ​ | ​ | — | ​ | ​ | $26,276,748 | ​ | ​ | $7,916,113 | ​ | ​ | $14,177,208 | ​ | ​ | $107.44 | ​ | ​ | $134.87 | ​ | ​ | $528 | ​ | ​ | ​$43.63
2020 | ​ | ​ | — | ​ | ​ | $10,038,325 | ​ | ​ | — | ​ | ​ | $14,278,964 | ​ | ​ | $6,907,889 | ​ | ​ | $8,532,708 | ​ | ​ | $112.02 | ​ | ​ | $98.24 | ​ | ​ | $402 | ​ | ​ | ​$42.30
(1) | Reflects amounts of total compensation reported for Mr. Orszag in the Summary Compensation Table for 2023.
(2) | Reflects amounts of total compensation reported for Mr. Jacobs in the Summary Compensation Table for each applicable year.
(3) | Represents the amount of compensation “actually paid” to our NEOs, as computed in accordance with Item 402(v) of Regulation S-K and shown in the table below. The dollar amounts do not in all cases reflect the actual amount of compensation earned by or paid to our NEOs during the applicable year, and are not indicative of future amounts that may be paid or become payable to our NEOs pursuant to certain awards. In particular, grants of performance-based awards to our NEOs are based on three-year forward-looking performance metrics and could result in zero payment. The table below sets forth the adjustments made during each year in the table to calculate the compensation “actually paid” to our NEOs during each year in the table, even though many of these amounts were not actually paid:
Adjustments to Determine Compensation “Actually Paid” | ​ | ​ | PEOs | ​ | ​ | Non-PEO NEOs (Average)
Year | ​ | ​ | 2023 (Orszag) | ​ | ​ | 2023 (Jacobs) | ​ | ​ | 2022 (Jacobs) | ​ | ​ | 2021 (Jacobs) | ​ | ​ | 2020 (Jacobs) | ​ | ​ | 2023 | ​ | ​ | 2022 | ​ | ​ | 2021 | ​ | ​ | 2020
Changes in performance award estimates during year at end of covered year fair value | ​ | ​ | $0 | ​ | ​ | $1,145,825 | ​ | ​ | $9,885,195 | ​ | ​ | $11,937,874 | ​ | ​ | $2,746,751 | ​ | ​ | $309,050 | ​ | ​ | $3,896,661 | ​ | ​ | $4,991,563 | ​ | ​ | $1,061,318
Deduction for amounts reported under the “Stock Awards” column in the Summary Compensation Table | ​ | ​ | (25,799,438) | ​ | ​ | (7,907,734) | ​ | ​ | (9,750,997) | ​ | ​ | (7,676,604) | ​ | ​ | (6,930,509) | ​ | ​ | (7,605,559) | ​ | ​ | (4,769,405) | ​ | ​ | (4,185,435) | ​ | ​ | (3,750,584)
Fair value of awards granted during year that remain outstanding as of covered year end | ​ | ​ | 28,980,885 | ​ | ​ | 7,656,905 | ​ | ​ | 10,923,318 | ​ | ​ | 7,961,443 | ​ | ​ | 6,835,172 | ​ | ​ | 8,219,409 | ​ | ​ | 5,313,810 | ​ | ​ | 4,317,322 | ​ | ​ | 3,723,016
Change in fair value from prior year-end to vesting date of awards granted prior to covered year that vested during covered year | ​ | ​ | 128,020 | ​ | ​ | 833,794 | ​ | ​ | (3,258,154) | ​ | ​ | (563,308) | ​ | ​ | (288,670) | ​ | ​ | 174,035 | ​ | ​ | (1,204,694) | ​ | ​ | (265,914) | ​ | ​ | (318,139)
Change in fair value from prior year-end to covered year-end of awards granted prior to covered year that were outstanding and unvested at the end of the covered year | ​ | ​ | (729,998) | ​ | ​ | (2,807,722) | ​ | ​ | (4,379,578) | ​ | ​ | 536,540 | ​ | ​ | 923,167 | ​ | ​ | (703,195) | ​ | ​ | (1,768,681) | ​ | ​ | 357,053 | ​ | ​ | 446,507
Value of dividends or other earnings paid or earned during covered year based on actual performance or performance estimates at the end of the covered year | ​ | ​ | 1,031,622 | ​ | ​ | 2,042,682 | ​ | ​ | 2,448,263 | ​ | ​ | 2,303,472 | ​ | ​ | 965,483 | ​ | ​ | 623,677 | ​ | ​ | 970,007 | ​ | ​ | 1,046,505 | ​ | ​ | 468,808
Total Equity Award Adjustments | ​ | ​ | $3,611,090 | ​ | ​ | $963,750 | ​ | ​ | $5,868,047 | ​ | ​ | $14,499,417 | ​ | ​ | $4,251,394 | ​ | ​ | $1,017,416 | ​ | ​ | $2,437,698 | ​ | ​ | $6,261,094 | ​ | ​ | $1,630,926
Changes in Pension Value Reflected in Summary Compensation Table | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | (10,755) | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | (6,107)
Total Adjustments | ​ | ​ | $3,611,090 | ​ | ​ | $963,750 | ​ | ​ | $5,868,047 | ​ | ​ | $14,499,417 | ​ | ​ | $4,240,639 | ​ | ​ | $1,017,416 | ​ | ​ | $2,437,698 | ​ | ​ | $6,261,094 | ​ | ​ | $1,624,819
(4) | Reflects the average of the amounts reported for our NEOs as a group (excluding Mr. Orszag in 2023 and Mr. Jacobs in each year) in the “Total” column of the Summary Compensation Table in each applicable year. The names of each of the NEOs included for purposes of calculating the average amounts in each applicable year are as follows: (i) for 2023, Mses. Betsch and Soto and Messrs. Russo and Hoffman, (ii) for 2022, Ms. Betsch and Messrs. Orszag, Russo, Bhutani and Stern; and (iii) for each of 2021 and 2020, Messrs. Orszag, Russo, Bhutani and Stern.
(5) | Represents the average amount of compensation “actually paid” to the NEOs as a group (excluding Mr. Orszag in 2023 and Mr. Jacobs in each year), as computed in accordance with Item 402(v) of Regulation S-K, in accordance with the methodology reflected in footnote (2) to this Pay Versus Performance table.
(6) | Cumulative TSR is calculated by dividing the difference between our share price at the end and the beginning of the measurement period by our share price at the beginning of the measurement period, plus the amount of dividends paid on our common stock during the measurement period (assuming the reinvestment of such dividends when they are paid).
(7) | Represents the weighted peer group TSR (including dividends), weighted according to the respective companies’ stock market capitalization at the beginning of each period for which a return is indicated. The peer group used for this purpose is the S&P Financial Index.
(8) | The dollar amounts reported represent the amount of net income reflected in our audited financial statements for the applicable year.
(9) | To comply with the SEC’s requirements, we have chosen our closing share price at the last trading day of each calendar year as our Company Selected Measure, as described further below.
Company Selected Measure Name |  |  | share price |  |  |
Named Executive Officers, Footnote |  |  |
(1) | Reflects amounts of total compensation reported for Mr. Orszag in the Summary Compensation Table for 2023.
(2) | Reflects amounts of total compensation reported for Mr. Jacobs in the Summary Compensation Table for each applicable year.
(4) | Reflects the average of the amounts reported for our NEOs as a group (excluding Mr. Orszag in 2023 and Mr. Jacobs in each year) in the “Total” column of the Summary Compensation Table in each applicable year. The names of each of the NEOs included for purposes of calculating the average amounts in each applicable year are as follows: (i) for 2023, Mses. Betsch and Soto and Messrs. Russo and Hoffman, (ii) for 2022, Ms. Betsch and Messrs. Orszag, Russo, Bhutani and Stern; and (iii) for each of 2021 and 2020, Messrs. Orszag, Russo, Bhutani and Stern.
Peer Group Issuers, Footnote |  |  |
(7) | Represents the weighted peer group TSR (including dividends), weighted according to the respective companies’ stock market capitalization at the beginning of each period for which a return is indicated. The peer group used for this purpose is the S&P Financial Index.
Adjustment To PEO Compensation, Footnote |  |  |
(3) | Represents the amount of compensation “actually paid” to our NEOs, as computed in accordance with Item 402(v) of Regulation S-K and shown in the table below. The dollar amounts do not in all cases reflect the actual amount of compensation earned by or paid to our NEOs during the applicable year, and are not indicative of future amounts that may be paid or become payable to our NEOs pursuant to certain awards. In particular, grants of performance-based awards to our NEOs are based on three-year forward-looking performance metrics and could result in zero payment. The table below sets forth the adjustments made during each year in the table to calculate the compensation “actually paid” to our NEOs during each year in the table, even though many of these amounts were not actually paid:
Adjustments to Determine Compensation “Actually Paid” | ​ | ​ | PEOs | ​ | ​ | Non-PEO NEOs (Average)
Year | ​ | ​ | 2023 (Orszag) | ​ | ​ | 2023 (Jacobs) | ​ | ​ | 2022 (Jacobs) | ​ | ​ | 2021 (Jacobs) | ​ | ​ | 2020 (Jacobs) | ​ | ​ | 2023 | ​ | ​ | 2022 | ​ | ​ | 2021 | ​ | ​ | 2020
Changes in performance award estimates during year at end of covered year fair value | ​ | ​ | $0 | ​ | ​ | $1,145,825 | ​ | ​ | $9,885,195 | ​ | ​ | $11,937,874 | ​ | ​ | $2,746,751 | ​ | ​ | $309,050 | ​ | ​ | $3,896,661 | ​ | ​ | $4,991,563 | ​ | ​ | $1,061,318
Deduction for amounts reported under the “Stock Awards” column in the Summary Compensation Table | ​ | ​ | (25,799,438) | ​ | ​ | (7,907,734) | ​ | ​ | (9,750,997) | ​ | ​ | (7,676,604) | ​ | ​ | (6,930,509) | ​ | ​ | (7,605,559) | ​ | ​ | (4,769,405) | ​ | ​ | (4,185,435) | ​ | ​ | (3,750,584)
Fair value of awards granted during year that remain outstanding as of covered year end | ​ | ​ | 28,980,885 | ​ | ​ | 7,656,905 | ​ | ​ | 10,923,318 | ​ | ​ | 7,961,443 | ​ | ​ | 6,835,172 | ​ | ​ | 8,219,409 | ​ | ​ | 5,313,810 | ​ | ​ | 4,317,322 | ​ | ​ | 3,723,016
Change in fair value from prior year-end to vesting date of awards granted prior to covered year that vested during covered year | ​ | ​ | 128,020 | ​ | ​ | 833,794 | ​ | ​ | (3,258,154) | ​ | ​ | (563,308) | ​ | ​ | (288,670) | ​ | ​ | 174,035 | ​ | ​ | (1,204,694) | ​ | ​ | (265,914) | ​ | ​ | (318,139)
Change in fair value from prior year-end to covered year-end of awards granted prior to covered year that were outstanding and unvested at the end of the covered year | ​ | ​ | (729,998) | ​ | ​ | (2,807,722) | ​ | ​ | (4,379,578) | ​ | ​ | 536,540 | ​ | ​ | 923,167 | ​ | ​ | (703,195) | ​ | ​ | (1,768,681) | ​ | ​ | 357,053 | ​ | ​ | 446,507
Value of dividends or other earnings paid or earned during covered year based on actual performance or performance estimates at the end of the covered year | ​ | ​ | 1,031,622 | ​ | ​ | 2,042,682 | ​ | ​ | 2,448,263 | ​ | ​ | 2,303,472 | ​ | ​ | 965,483 | ​ | ​ | 623,677 | ​ | ​ | 970,007 | ​ | ​ | 1,046,505 | ​ | ​ | 468,808
Total Equity Award Adjustments | ​ | ​ | $3,611,090 | ​ | ​ | $963,750 | ​ | ​ | $5,868,047 | ​ | ​ | $14,499,417 | ​ | ​ | $4,251,394 | ​ | ​ | $1,017,416 | ​ | ​ | $2,437,698 | ​ | ​ | $6,261,094 | ​ | ​ | $1,630,926
Changes in Pension Value Reflected in Summary Compensation Table | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | (10,755) | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | (6,107)
Total Adjustments | ​ | ​ | $3,611,090 | ​ | ​ | $963,750 | ​ | ​ | $5,868,047 | ​ | ​ | $14,499,417 | ​ | ​ | $4,240,639 | ​ | ​ | $1,017,416 | ​ | ​ | $2,437,698 | ​ | ​ | $6,261,094 | ​ | ​ | $1,624,819
Non-PEO NEO Average Total Compensation Amount |  |  | $ 12,107,938 | $ 6,345,221 | $ 7,916,113 | $ 6,907,889
Non-PEO NEO Average Compensation Actually Paid Amount |  |  | $ 13,125,354 | 8,782,919 | 14,177,208 | 8,532,708
Adjustment to Non-PEO NEO Compensation Footnote |  |  |
(3) | Represents the amount of compensation “actually paid” to our NEOs, as computed in accordance with Item 402(v) of Regulation S-K and shown in the table below. The dollar amounts do not in all cases reflect the actual amount of compensation earned by or paid to our NEOs during the applicable year, and are not indicative of future amounts that may be paid or become payable to our NEOs pursuant to certain awards. In particular, grants of performance-based awards to our NEOs are based on three-year forward-looking performance metrics and could result in zero payment. The table below sets forth the adjustments made during each year in the table to calculate the compensation “actually paid” to our NEOs during each year in the table, even though many of these amounts were not actually paid:
Adjustments to Determine Compensation “Actually Paid” | ​ | ​ | PEOs | ​ | ​ | Non-PEO NEOs (Average)
Year | ​ | ​ | 2023 (Orszag) | ​ | ​ | 2023 (Jacobs) | ​ | ​ | 2022 (Jacobs) | ​ | ​ | 2021 (Jacobs) | ​ | ​ | 2020 (Jacobs) | ​ | ​ | 2023 | ​ | ​ | 2022 | ​ | ​ | 2021 | ​ | ​ | 2020
Changes in performance award estimates during year at end of covered year fair value | ​ | ​ | $0 | ​ | ​ | $1,145,825 | ​ | ​ | $9,885,195 | ​ | ​ | $11,937,874 | ​ | ​ | $2,746,751 | ​ | ​ | $309,050 | ​ | ​ | $3,896,661 | ​ | ​ | $4,991,563 | ​ | ​ | $1,061,318
Deduction for amounts reported under the “Stock Awards” column in the Summary Compensation Table | ​ | ​ | (25,799,438) | ​ | ​ | (7,907,734) | ​ | ​ | (9,750,997) | ​ | ​ | (7,676,604) | ​ | ​ | (6,930,509) | ​ | ​ | (7,605,559) | ​ | ​ | (4,769,405) | ​ | ​ | (4,185,435) | ​ | ​ | (3,750,584)
Fair value of awards granted during year that remain outstanding as of covered year end | ​ | ​ | 28,980,885 | ​ | ​ | 7,656,905 | ​ | ​ | 10,923,318 | ​ | ​ | 7,961,443 | ​ | ​ | 6,835,172 | ​ | ​ | 8,219,409 | ​ | ​ | 5,313,810 | ​ | ​ | 4,317,322 | ​ | ​ | 3,723,016
Change in fair value from prior year-end to vesting date of awards granted prior to covered year that vested during covered year | ​ | ​ | 128,020 | ​ | ​ | 833,794 | ​ | ​ | (3,258,154) | ​ | ​ | (563,308) | ​ | ​ | (288,670) | ​ | ​ | 174,035 | ​ | ​ | (1,204,694) | ​ | ​ | (265,914) | ​ | ​ | (318,139)
Change in fair value from prior year-end to covered year-end of awards granted prior to covered year that were outstanding and unvested at the end of the covered year | ​ | ​ | (729,998) | ​ | ​ | (2,807,722) | ​ | ​ | (4,379,578) | ​ | ​ | 536,540 | ​ | ​ | 923,167 | ​ | ​ | (703,195) | ​ | ​ | (1,768,681) | ​ | ​ | 357,053 | ​ | ​ | 446,507
Value of dividends or other earnings paid or earned during covered year based on actual performance or performance estimates at the end of the covered year | ​ | ​ | 1,031,622 | ​ | ​ | 2,042,682 | ​ | ​ | 2,448,263 | ​ | ​ | 2,303,472 | ​ | ​ | 965,483 | ​ | ​ | 623,677 | ​ | ​ | 970,007 | ​ | ​ | 1,046,505 | ​ | ​ | 468,808
Total Equity Award Adjustments | ​ | ​ | $3,611,090 | ​ | ​ | $963,750 | ​ | ​ | $5,868,047 | ​ | ​ | $14,499,417 | ​ | ​ | $4,251,394 | ​ | ​ | $1,017,416 | ​ | ​ | $2,437,698 | ​ | ​ | $6,261,094 | ​ | ​ | $1,630,926
Changes in Pension Value Reflected in Summary Compensation Table | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | (10,755) | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | (6,107)
Total Adjustments | ​ | ​ | $3,611,090 | ​ | ​ | $963,750 | ​ | ​ | $5,868,047 | ​ | ​ | $14,499,417 | ​ | ​ | $4,240,639 | ​ | ​ | $1,017,416 | ​ | ​ | $2,437,698 | ​ | ​ | $6,261,094 | ​ | ​ | $1,624,819
Compensation Actually Paid vs. Total Shareholder Return |  |  | For 2020 to 2021, our TSR showed an inverse correlation to compensation “actually paid” due to the timing of changes to performance award estimates as we navigated the challenges of the pandemic. For 2021 to 2022, our TSR showed a more direct correlation to compensation “actually paid” due to both our record performance for 2021, which more than offset the prior inverse correlation, and the change in 2022 of the mix of cash and equity-based compensation for certain of our NEOs as the value of the shares underlying equity-based awards decreased at a slower pace than the S&P Financial Index. For 2022 to 2023, our TSR continued showing a direct correlation to compensation “actually paid” as we continued our compensation practice of having equity-based compensation make up a significant proportion of our NEOs’ total compensation mix. |  |  |
Compensation Actually Paid vs. Net Income |  |  | Net Income also showed an inverse correlation to compensation “actually paid” in 2020 to 2021 as we navigated the challenges of the pandemic and a more direct correlation in 2021 to 2022 as we posted record results for 2021 and the change in the mix of cash and equity-based compensation for certain of our NEOs in 2022 as the value underlying equity-based awards decreased. In light of challenging macroeconomic conditions, Net Income showed an inverse correlation to compensation “actually paid” in 2022 to 2023. |  |  |
Compensation Actually Paid vs. Company Selected Measure |  |  | Share price was positively correlated with compensation “actually paid” for 2020 to 2021 and 2021 to 2022. For 2022 to 2023, while share price remained relatively flat, compensation “actually paid” generally increased, reflecting the impact of our management transition, including special grants to certain of our NEOs during 2023. |  |  |
Total Shareholder Return Vs Peer Group |  |  | For 2020 to 2021, our TSR showed an inverse correlation to compensation “actually paid” due to the timing of changes to performance award estimates as we navigated the challenges of the pandemic. For 2021 to 2022, our TSR showed a more direct correlation to compensation “actually paid” due to both our record performance for 2021, which more than offset the prior inverse correlation, and the change in 2022 of the mix of cash and equity-based compensation for certain of our NEOs as the value of the shares underlying equity-based awards decreased at a slower pace than the S&P Financial Index. For 2022 to 2023, our TSR continued showing a direct correlation to compensation “actually paid” as we continued our compensation practice of having equity-based compensation make up a significant proportion of our NEOs’ total compensation mix. |  |  |
Tabular List, Table |  |  | Required Tabular Disclosure of Financial Performance Measures As described in the section titled “Compensation Discussion and Analysis,” our executive compensation program reflects a pay-for-performance philosophy and in setting our NEOs’ compensation, our Compensation Committee’s structured decision making process is based on a holistic, not formulaic, review of the Company, applicable business segment and individual performance, and considers quantitative as well as qualitative factors that account for Company performance and shareholder outcomes. This review does not assign any specific weight to any one metric. We believe this review, which includes review of individual performance, allows overall compensation in any given fiscal to be tailored to reflect the particular circumstances, including the macro environment, while appropriately incentivizing our NEOs. However, as required by the SEC’s rules, certain specific quantitative financial performance measures that were used by the Compensation Committee to link NEO compensation “actually paid” in 2023 to performance have been included below:
• | Share price
• | Operating revenue
• | Operating margin
• | Return of capital
Total Shareholder Return Amount |  |  | $ 106.83 | 83.86 | 107.44 | 112.02
Peer Group Total Shareholder Return Amount |  |  | 112.1 | 89.43 | 134.87 | 98.24
Net Income (Loss) |  |  | $ (75,000,000) | $ 358,000,000 | $ 528,000,000 | $ 402,000,000
Company Selected Measure Amount | $ / shares |  |  | 34.8 | 34.67 | 43.63 | 42.3
PEO Name | Mr. Orszag | Mr. Jacobs |  | Mr. Jacobs | Mr. Jacobs | Mr. Jacobs
Measure:: 1 |  |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |  |
Name |  |  | Share price |  |  |
Measure:: 2 |  |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |  |
Name |  |  | Operating revenue |  |  |
Measure:: 3 |  |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |  |
Name |  |  | Operating margin |  |  |
Measure:: 4 |  |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |  |
Name |  |  | Return of capital |  |  |
Peter R. Orszag [Member] |  |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |  |
PEO Total Compensation Amount |  |  | $ 30,834,841 | $ 0 | $ 0 | $ 0
PEO Actually Paid Compensation Amount |  |  | 34,445,932 | 0 | 0 | 0
Kenneth M. Jacobs [Member] |  |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |  |
PEO Total Compensation Amount |  |  | 10,883,187 | 10,888,560 | 11,777,331 | 10,038,325
PEO Actually Paid Compensation Amount |  |  | 11,846,936 | 16,756,607 | 26,276,748 | 14,278,964
PEO | Peter R. Orszag [Member] |  |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |  |
Adjustment to Compensation, Amount |  |  | 3,611,090 |  |  |
PEO | Peter R. Orszag [Member] | Total Equity Award Adjustments [Member] |  |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |  |
Adjustment to Compensation, Amount |  |  | 3,611,090 |  |  |
PEO | Peter R. Orszag [Member] | Changes in Performance Award Estimates During Year at End of Covered Year Fair Value [Member] |  |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |  |
Adjustment to Compensation, Amount |  |  | 0 |  |  |
PEO | Peter R. Orszag [Member] | Amounts Reported Under the “Stock Awards” Column in the Summary Compensation Table [Member] |  |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |  |
Adjustment to Compensation, Amount |  |  | (25,799,438) |  |  |
PEO | Peter R. Orszag [Member] | Fair Value of Awards Granted During Year that Remain Outstanding as of Covered Year End [Member] |  |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |  |
Adjustment to Compensation, Amount |  |  | 28,980,885 |  |  |
PEO | Peter R. Orszag [Member] | Change in Fair Value from Prior Year-End to Vesting Date of Awards Granted Prior to Covered Year that Vested During Covered Year [Member] |  |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |  |
Adjustment to Compensation, Amount |  |  | 128,020 |  |  |
PEO | Peter R. Orszag [Member] | Change in Fair Value from Prior Year-End to Covered Year-End of Awards Granted Prior to Covered Year that were Outstanding and Unvested at the End of the Covered Year [Member] |  |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |  |
Adjustment to Compensation, Amount |  |  | (729,998) |  |  |
PEO | Peter R. Orszag [Member] | Value of Dividends or Other Earnings Paid or Earned During Covered Year Based on Actual Performance or Performance Estimates at the End of the Covered Year [Member] |  |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |  |
Adjustment to Compensation, Amount |  |  | 1,031,622 |  |  |
PEO | Peter R. Orszag [Member] | Changes in Pension Value Reflected in Summary Compensation Table [Member] |  |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |  |
Adjustment to Compensation, Amount |  |  | 0 |  |  |
PEO | Kenneth M. Jacobs [Member] |  |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |  |
Adjustment to Compensation, Amount |  |  | 963,750 | 5,868,047 | 14,499,417 | 4,240,639
PEO | Kenneth M. Jacobs [Member] | Total Equity Award Adjustments [Member] |  |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |  |
Adjustment to Compensation, Amount |  |  | 963,750 | 5,868,047 | 14,499,417 | 4,251,394
PEO | Kenneth M. Jacobs [Member] | Changes in Performance Award Estimates During Year at End of Covered Year Fair Value [Member] |  |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |  |
Adjustment to Compensation, Amount |  |  | 1,145,825 | 9,885,195 | 11,937,874 | 2,746,751
PEO | Kenneth M. Jacobs [Member] | Amounts Reported Under the “Stock Awards” Column in the Summary Compensation Table [Member] |  |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |  |
Adjustment to Compensation, Amount |  |  | (7,907,734) | (9,750,997) | (7,676,604) | (6,930,509)
PEO | Kenneth M. Jacobs [Member] | Fair Value of Awards Granted During Year that Remain Outstanding as of Covered Year End [Member] |  |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |  |
Adjustment to Compensation, Amount |  |  | 7,656,905 | 10,923,318 | 7,961,443 | 6,835,172
PEO | Kenneth M. Jacobs [Member] | Change in Fair Value from Prior Year-End to Vesting Date of Awards Granted Prior to Covered Year that Vested During Covered Year [Member] |  |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |  |
Adjustment to Compensation, Amount |  |  | 833,794 | (3,258,154) | (563,308) | (288,670)
PEO | Kenneth M. Jacobs [Member] | Change in Fair Value from Prior Year-End to Covered Year-End of Awards Granted Prior to Covered Year that were Outstanding and Unvested at the End of the Covered Year [Member] |  |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |  |
Adjustment to Compensation, Amount |  |  | (2,807,722) | (4,379,578) | 536,540 | 923,167
PEO | Kenneth M. Jacobs [Member] | Value of Dividends or Other Earnings Paid or Earned During Covered Year Based on Actual Performance or Performance Estimates at the End of the Covered Year [Member] |  |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |  |
Adjustment to Compensation, Amount |  |  | 2,042,682 | 2,448,263 | 2,303,472 | 965,483
PEO | Kenneth M. Jacobs [Member] | Changes in Pension Value Reflected in Summary Compensation Table [Member] |  |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |  |
Adjustment to Compensation, Amount |  |  | 0 | 0 | 0 | (10,755)
Non-PEO NEO |  |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |  |
Adjustment to Compensation, Amount |  |  | 1,017,416 | 2,437,698 | 6,261,094 | 1,624,819
Non-PEO NEO | Total Equity Award Adjustments [Member] |  |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |  |
Adjustment to Compensation, Amount |  |  | 1,017,416 | 2,437,698 | 6,261,094 | 1,630,926
Non-PEO NEO | Changes in Performance Award Estimates During Year at End of Covered Year Fair Value [Member] |  |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |  |
Adjustment to Compensation, Amount |  |  | 309,050 | 3,896,661 | 4,991,563 | 1,061,318
Non-PEO NEO | Amounts Reported Under the “Stock Awards” Column in the Summary Compensation Table [Member] |  |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |  |
Adjustment to Compensation, Amount |  |  | (7,605,559) | (4,769,405) | (4,185,435) | (3,750,584)
Non-PEO NEO | Fair Value of Awards Granted During Year that Remain Outstanding as of Covered Year End [Member] |  |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |  |
Adjustment to Compensation, Amount |  |  | 8,219,409 | 5,313,810 | 4,317,322 | 3,723,016
Non-PEO NEO | Change in Fair Value from Prior Year-End to Vesting Date of Awards Granted Prior to Covered Year that Vested During Covered Year [Member] |  |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |  |
Adjustment to Compensation, Amount |  |  | 174,035 | (1,204,694) | (265,914) | (318,139)
Non-PEO NEO | Change in Fair Value from Prior Year-End to Covered Year-End of Awards Granted Prior to Covered Year that were Outstanding and Unvested at the End of the Covered Year [Member] |  |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |  |
Adjustment to Compensation, Amount |  |  | (703,195) | (1,768,681) | 357,053 | 446,507
Non-PEO NEO | Value of Dividends or Other Earnings Paid or Earned During Covered Year Based on Actual Performance or Performance Estimates at the End of the Covered Year [Member] |  |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |  |
Adjustment to Compensation, Amount |  |  | 623,677 | 970,007 | 1,046,505 | 468,808
Non-PEO NEO | Changes in Pension Value Reflected in Summary Compensation Table [Member] |  |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |  |
Adjustment to Compensation, Amount |  |  | $ 0 | $ 0 | $ 0 | $ (6,107)

X
- References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K -Number 229 -Section 402 -Subsection v -Paragraph 3 + Details
Name: | ecd_AdjToCompAmt
Namespace Prefix: | ecd_
Data Type: | xbrli:monetaryItemType
Balance Type: | na
Period Type: | duration

X
- References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K -Number 229 -Section 402 -Subsection v -Paragraph 3 + Details
Name: | ecd_AdjToNonPeoNeoCompFnTextBlock
Namespace Prefix: | ecd_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K -Number 229 -Section 402 -Subsection v -Paragraph 3 + Details
Name: | ecd_AdjToPeoCompFnTextBlock
Namespace Prefix: | ecd_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K -Number 229 -Section 402 -Subsection v -Paragraph 2 -Subparagraph vi + Details
Name: | ecd_CoSelectedMeasureAmt
Namespace Prefix: | ecd_
Data Type: | xbrli:decimalItemType
Balance Type: | na
Period Type: | duration

X
- References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K -Number 229 -Section 402 -Subsection v -Paragraph 2 -Subparagraph vi + Details
Name: | ecd_CoSelectedMeasureName
Namespace Prefix: | ecd_
Data Type: | xbrli:normalizedStringItemType
Balance Type: | na
Period Type: | duration

X
- References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K -Number 229 -Section 402 -Subsection v -Paragraph 5 -Subparagraph iii + Details
Name: | ecd_CompActuallyPaidVsCoSelectedMeasureTextBlock
Namespace Prefix: | ecd_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K -Number 229 -Section 402 -Subsection v -Paragraph 5 -Subparagraph ii + Details
Name: | ecd_CompActuallyPaidVsNetIncomeTextBlock
Namespace Prefix: | ecd_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K -Number 229 -Section 402 -Subsection v -Paragraph 5 -Subparagraph i + Details
Name: | ecd_CompActuallyPaidVsTotalShareholderRtnTextBlock
Namespace Prefix: | ecd_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K -Number 229 -Section 402 -Subsection v -Paragraph 2 -Subparagraph vi + Details
Name: | ecd_MeasureName
Namespace Prefix: | ecd_
Data Type: | xbrli:normalizedStringItemType
Balance Type: | na
Period Type: | duration

X
- References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K -Number 229 -Section 402 -Subsection v -Paragraph 3 + Details
Name: | ecd_NamedExecutiveOfficersFnTextBlock
Namespace Prefix: | ecd_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K -Number 229 -Section 402 -Subsection v -Paragraph 2 -Subparagraph iii + Details
Name: | ecd_NonPeoNeoAvgCompActuallyPaidAmt
Namespace Prefix: | ecd_
Data Type: | xbrli:monetaryItemType
Balance Type: | na
Period Type: | duration

X
- References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K -Number 229 -Section 402 -Subsection v -Paragraph 2 -Subparagraph ii + Details
Name: | ecd_NonPeoNeoAvgTotalCompAmt
Namespace Prefix: | ecd_
Data Type: | xbrli:monetaryItemType
Balance Type: | na
Period Type: | duration

X
- References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K -Number 229 -Section 402 -Subsection v -Paragraph 2 -Subparagraph iv + Details
Name: | ecd_PeerGroupIssuersFnTextBlock
Namespace Prefix: | ecd_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K -Number 229 -Section 402 -Subsection v -Paragraph 2 -Subparagraph iv + Details
Name: | ecd_PeerGroupTotalShareholderRtnAmt
Namespace Prefix: | ecd_
Data Type: | xbrli:monetaryItemType
Balance Type: | na
Period Type: | duration

X
- References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K -Number 229 -Section 402 -Subsection v -Paragraph 2 -Subparagraph iii + Details
Name: | ecd_PeoActuallyPaidCompAmt
Namespace Prefix: | ecd_
Data Type: | xbrli:monetaryItemType
Balance Type: | na
Period Type: | duration

X
- References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K -Number 229 -Section 402 -Subsection v -Paragraph 3 + Details
Name: | ecd_PeoName
Namespace Prefix: | ecd_
Data Type: | xbrli:normalizedStringItemType
Balance Type: | na
Period Type: | duration

X
- References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K -Number 229 -Section 402 -Subsection v -Paragraph 2 -Subparagraph ii + Details
Name: | ecd_PeoTotalCompAmt
Namespace Prefix: | ecd_
Data Type: | xbrli:monetaryItemType
Balance Type: | na
Period Type: | duration

X
- References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K -Number 229 -Section 402 -Subsection v -Paragraph 1 + Details
Name: | ecd_PvpTable
Namespace Prefix: | ecd_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K -Number 229 -Section 402 -Subsection v -Paragraph 1 + Details
Name: | ecd_PvpTableTextBlock
Namespace Prefix: | ecd_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K -Number 229 -Section 402 -Subsection v -Paragraph 6 + Details
Name: | ecd_TabularListTableTextBlock
Namespace Prefix: | ecd_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K -Number 229 -Section 402 -Subsection v -Paragraph 2 -Subparagraph iv + Details
Name: | ecd_TotalShareholderRtnAmt
Namespace Prefix: | ecd_
Data Type: | xbrli:monetaryItemType
Balance Type: | na
Period Type: | duration

X
- References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K -Number 229 -Section 402 -Subsection v -Paragraph 5 -Subparagraph iv + Details
Name: | ecd_TotalShareholderRtnVsPeerGroupTextBlock
Namespace Prefix: | ecd_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(g)(1)(ii)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481687/323-10-50-3 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 28 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482907/825-10-50-28 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482765/220-10-50-6 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-3 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-1 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 40 -Name Accounting Standards Codification -Section 65 -Paragraph 1 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480175/815-40-65-1 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-8 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-9 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-11 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-11 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-4 Reference 13: http://www.xbrl.org/2003/role/exampleRef -Topic 946 -SubTopic 830 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480167/946-830-55-10 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section 45 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483581/946-220-45-7 Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(18)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1 Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 17: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-07(9)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1 Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-09(1)(d)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-3 Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A Reference 20: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(ii)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A Reference 21: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iii)(A)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A Reference 22: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A Reference 23: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(5)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A Reference 24: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B Reference 25: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(A)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B Reference 26: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(B)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B Reference 27: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B Reference 28: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(5)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B Reference 29: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 30 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 Reference 30: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 31: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 60B -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482689/260-10-45-60B Reference 32: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 33: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 34: http://www.xbrl.org/2003/role/disclosureRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483499/205-20-50-7 Reference 35: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-28 Reference 36: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1A -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-1A Reference 37: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1B -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-1B Reference 38: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(20)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2 Reference 39: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(22)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1 + Details
Name: | us-gaap_NetIncomeLoss
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Details
Name: | ecd_MeasureAxis=1
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ecd_MeasureAxis=2
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ecd_MeasureAxis=3
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ecd_MeasureAxis=4
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ecd_IndividualAxis=laz_PeterROrszagMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ecd_IndividualAxis=laz_KennethMJacobsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ecd_ExecutiveCategoryAxis=ecd_PeoMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ecd_AdjToCompAxis=laz_TotalEquityAwardAdjustmentsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ecd_AdjToCompAxis=laz_ChangesInPerformanceAwardEstimatesDuringYearAtEndOfCoveredYearFairValueMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ecd_AdjToCompAxis=laz_AmountsReportedUnderTheStockAwardsColumnInTheSummaryCompensationTableMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ecd_AdjToCompAxis=laz_FairValueOfAwardsGrantedDuringYearThatRemainOutstandingAsOfCoveredYearEndMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ecd_AdjToCompAxis=laz_ChangeInFairValueFromPriorYearEndToVestingDateOfAwardsGrantedPriorToCoveredYearThatVestedDuringCoveredYearMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ecd_AdjToCompAxis=laz_ChangeInFairValueFromPriorYearEndToCoveredYearEndOfAwardsGrantedPriorToCoveredYearThatWereOutstandingAndUnvestedAtTheEndOfTheCoveredYearMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ecd_AdjToCompAxis=laz_ValueOfDividendsOrOtherEarningsPaidOrEarnedDuringCoveredYearBasedOnActualPerformanceOrPerformanceEstimatesAtTheEndOfTheCoveredYearMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ecd_AdjToCompAxis=laz_ChangesInPensionValueReflectedInSummaryCompensationTableMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ecd_ExecutiveCategoryAxis=ecd_NonPeoNeoMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |