XML 33 R10.htm IDEA: XBRL DOCUMENT v3.25.0.1
Consolidated Statements of Changes in Stockholders' Equity and Redeemable Noncontrolling Interests - USD ($)
$ in Thousands
Total
Total Lazard Stockholders’ Equity
Common Stock
Additional Paid-In- Capital
Retained Earnings
Accumulated Other Comprehensive Income (Loss), Net of Tax
Common Stock Held By Subsidiaries
Noncontrolling Interests
Redeemable Noncontrolling Interests
Balance (in shares) at Dec. 31, 2021     112,766,091 [1]       12,046,140    
Balance at the beginning at Dec. 31, 2021 $ 1,077,964 $ 975,220 $ 1,128 $ 144,729 $ 1,560,636 $ (223,847) $ (507,426) $ 102,744  
Comprehensive income (loss):                  
Net income (loss) 378,471 357,517     357,517     20,954  
Other comprehensive income (loss) - net of tax (72,007) (72,007)       (72,007)      
Amortization of share-based incentive compensation 240,641 227,177   227,177       13,464  
Dividend equivalents (10,872) (975)   18,026 (19,001)     (9,897)  
Common stock dividends $ (181,880) (181,880)     (181,880)        
Purchase of common stock (in shares) 19,666,798           19,666,798    
Purchase of common stock $ (691,705) (691,705)         $ (691,705)    
Delivery of common stock in connection with share-based incentive compensation and related tax expense (benefit) (in shares)             (4,906,386)    
Delivery of common stock in connection with share-based incentive compensation and related tax expense (benefit) (55,477) (58,985)   (224,383) (40,559)   $ 205,957 3,508  
Business acquisitions and related equity transactions:                  
Distributions to noncontrolling interests, net (31,537)             (31,537)  
LFI Consolidated Funds 18,279             18,279  
Change in redemption value of redeemable noncontrolling interests 5,541 3,879   3,879       1,662  
Other (in shares)             7,661    
Other (2,019) (1,778)   (1,538)     $ (240) (241)  
Balance (in shares) at Dec. 31, 2022     112,766,091 [1]       26,814,213    
Balance at the end at Dec. 31, 2022 675,399 556,463 $ 1,128 167,890 1,676,713 (295,854) $ (993,414) 118,936  
Balance at the beginning at Dec. 31, 2021                 $ 575,000
Increase (Decrease) in Temporary Equity [Roll Forward]                  
Net income (loss)                 14,012
Change in redemption value of redeemable noncontrolling interests                 (5,541)
Balance at the end at Dec. 31, 2022                 583,471
Comprehensive income (loss):                  
Net income (loss) (69,288) (75,479)     (75,479)     6,191  
Other comprehensive income (loss) - net of tax 5,905 5,904       5,904   1  
Amortization of share-based incentive compensation 250,570 244,931   244,931       5,639  
Dividend equivalents (11,600) (908)   24,615 (25,523)     (10,692)  
Common stock dividends $ (173,075) (173,075)     (173,075)        
Purchase of common stock (in shares) 2,782,662           2,782,662    
Purchase of common stock $ (102,051) (102,051)         $ (102,051)    
Delivery of common stock in connection with share-based incentive compensation and related tax expense (benefit) (in shares)             (4,220,444)    
Delivery of common stock in connection with share-based incentive compensation and related tax expense (benefit) (54,276) (59,940)   (216,762)   $ 156,822 5,664  
Business acquisitions and related equity transactions:                  
Common stock issuable 1,775 1,775   1,775          
Delivery of common stock (in shares)             (41,384)    
Delivery of common stock 0 0   (1,533)     $ 1,533    
Distributions to noncontrolling interests, net (3,725)             (3,725)  
LFI Consolidated Funds (74,164)             (74,164)  
Change in redemption value of redeemable noncontrolling interests (589) (412)   (412)       (177)  
Reversal to net loss of amounts previously charged to additional paid-in-capital and noncontrolling interests 17,929 13,195   13,195       4,734  
Reversal of deferred offering costs liability 20,125 14,087   14,087       6,038  
Other (in shares)             5,240    
Other (748) (731)   (582)     $ (149) (17)  
Balance (in shares) at Dec. 31, 2023     112,766,091 [1]       25,340,287    
Balance at the end at Dec. 31, 2023 482,187 423,759 $ 1,128 247,204 1,402,636 (289,950) $ (937,259) 58,428  
Increase (Decrease) in Temporary Equity [Roll Forward]                  
Net income (loss)                 11,981
LFI Consolidated Funds                 77,525
Change in redemption value of redeemable noncontrolling interests                 589
Distribution to redeemable noncontrolling interests                 (585,891)
Balance at the end at Dec. 31, 2023                 87,675
Comprehensive income (loss):                  
Net income (loss) 280,903 279,912     279,912     991  
Other comprehensive income (loss) - net of tax (36,853) (36,792)       (36,792)   (61)  
Amortization of share-based incentive compensation 277,743 275,121   275,121       2,622  
Dividend equivalents (15,936) (1,040)   30,378 (31,418)     (14,896)  
Common stock dividends $ (179,017) (179,017)     (179,017)        
Purchase of common stock (in shares) 1,409,988           1,409,988    
Purchase of common stock $ (59,500) (59,500)         $ (59,500)    
Delivery of common stock in connection with share-based incentive compensation and related tax expense (benefit) (in shares)             (4,279,314)    
Delivery of common stock in connection with share-based incentive compensation and related tax expense (benefit) (65,685) (66,926)   (225,480)     $ 158,554 1,241  
Business acquisitions and related equity transactions:                  
Common stock issuable 1,235 1,235   1,235          
Delivery of common stock (in shares)             (3,790)    
Delivery of common stock 0 0   (142)     $ 142    
Contributions from noncontrolling interests, net 589             589  
Other (in shares)             144    
Other (512) (512)   (506)     $ (6)    
Balance (in shares) at Dec. 31, 2024     112,766,091 [1]       22,467,315    
Balance at the end at Dec. 31, 2024 $ 685,154 $ 636,240 $ 1,128 $ 327,810 $ 1,472,113 $ (326,742) $ (838,069) $ 48,914  
Increase (Decrease) in Temporary Equity [Roll Forward]                  
Net income (loss)                 5,805
LFI Consolidated Funds                 (13,851)
Balance at the end at Dec. 31, 2024                 $ 79,629
[1] Includes 112,766,091 shares of the Company’s common stock issued at December 31, 2024, 2023 and 2022.