XML 54 R31.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Net Income (Loss) Per Share of Common Stock | 12 Months Ended
--- | ---
Dec. 31, 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 years ended December 31, 2024, 2023, and 2022 are presented below:
| Year Ended December 31,
| 2024 |  | 2023 |  | 2022
Net income (loss) attributable to Lazard | $ | 279,912 |  |  | $ | (75,479) |  |  | $ | 357,517 |
Adjustment for earnings attributable to participating securities | (6,886) |  |  | (4,440) |  |  | (5,732) |
Net income (loss) attributable to Lazard - basic | 273,026 |  |  | (79,919) |  |  | 351,785 |
Adjustment for earnings attributable to participating securities | 1,233 |  |  | – |  |  | 2,641 |
Net income (loss) attributable to Lazard - diluted | $ | 274,259 |  |  | $ | (79,919) |  |  | $ | 354,426 |
Weighted average number of shares of common stock outstanding | 89,858,730 |  | 86,751,822 |  | 93,994,663
Weighted average number of shares of common stock issuable on a non-contingent basis | 3,280,622 |  | 2,242,163 |  | 1,669,466
Weighted average number of shares of common stock outstanding - basic | 93,139,352 |  | 88,993,985 |  | 95,664,129
Weighted average number of incremental shares of common stock issuable from share-based incentive compensation (a) | 9,252,819 |  | – |  | 5,333,545
Weighted average number of shares of common stock outstanding - diluted | 102,392,171 |  | 88,993,985 |  | 100,997,674
Net income (loss) attributable to Lazard per share of common stock: |  |  |  |  |
Basic | $ | 2.93 |  |  | $ | (0.90) |  |  | $ | 3.68 |
Diluted | $ | 2.68 |  |  | $ | (0.90) |  |  | $ | 3.51 |
_____________________ (a)The aggregate weighted average number of incremental shares of common stock issuable from PIPRs for the year ended December 31, 2024 of 1,463,646 and 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 income (loss) per share as the effect would be antidilutive in the respective periods.

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-3 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration