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Stockholders' Equity and Redeemable Noncontrolling Interests (Tables)
12 Months Ended
Dec. 31, 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 December 31, 2024.
DateRepurchase
Authorization
Expiration
February 2022$300,000 December 31, 2024
July 2022$500,000 December 31, 2024
July 2024$200,000 December 31, 2026
Schedule of Shares Repurchased Under the Share Repurchase Program Purchases with respect to such program are set forth in the table below:
Year Ended December 31:Number of
Shares
Purchased
Average
Price Per
Share
202219,666,798$35.17 
20232,782,662$36.67 
20241,409,988$42.20 
Schedule of Accumulated Other Comprehensive Income (Loss), Net of Tax The tables below reflect the balances of each component of AOCI at December 31, 2024, 2023 and 2022 and activity during the years then ended:
Currency
Translation
Adjustments
Employee
Benefit
Plans
Total
AOCI
Amount
Attributable to
Noncontrolling
Interests
Total
Lazard
AOCI
Balance, January 1, 2024$(123,991)$(165,958)$(289,949)$$(289,950)
Activity:
Other comprehensive loss before reclassifications(36,923)(6,509)(43,432)(61)(43,371)
Adjustments for items reclassified to earnings, net of tax– 6,579 6,579 – 6,579 
Net other comprehensive income (loss)(36,923)70 (36,853)(61)(36,792)
Balance, December 31, 2024$(160,914)$(165,888)$(326,802)$(60)$(326,742)

Currency
Translation
Adjustments
Employee
Benefit
Plans
Total
AOCI
Amount
Attributable to
Noncontrolling
Interests
Total
Lazard
AOCI
Balance, January 1, 2023$(156,924)$(138,930)$(295,854)$– $(295,854)
Activity:
Other comprehensive income (loss) before reclassifications31,107 (32,261)(1,154)(1,155)
Adjustments for items reclassified to earnings, net of tax1,826 5,233 7,059 – 7,059 
Net other comprehensive income (loss)32,933 (27,028)5,905 5,904 
Balance, December 31, 2023$(123,991)$(165,958)$(289,949)$$(289,950)
Currency
Translation
Adjustments
Employee
Benefit
Plans
Total
AOCI
Amount
Attributable to
Noncontrolling
Interests
Total
Lazard
AOCI
Balance, January 1, 2022$(92,178)$(131,669)$(223,847)$– $(223,847)
Activity:
Other comprehensive loss before reclassifications(64,778)(11,413)(76,191)– (76,191)
Adjustments for items reclassified to earnings, net of tax32 4,152 4,184 – 4,184 
Net other comprehensive loss(64,746)(7,261)(72,007)– (72,007)
Balance, December 31, 2022$(156,924)$(138,930)$(295,854)$– $(295,854)
Schedule of Adjustments for Items Reclassified From AOCI
The table below reflects adjustments for items reclassified out of AOCI, by component, for the years ended December 31, 2024, 2023 and 2022:
Year Ended December 31,
202420232022
Currency translation losses (a)$– $1,826 $32 
Employee benefit plans:
Amortization relating to employee benefit plans (b)8,505 6,754 5,146 
Less - related income taxes1,926 1,521 994 
6,579 5,233 4,152 
Total reclassifications, net of tax$6,579 $7,059 $4,184 
________________________
(a)Represents currency translation losses reclassified from AOCI associated with closing of certain of our offices. Such amounts are included in “revenue–other” on the consolidated statements of operations.
(b)Included in the computation of net periodic benefit cost (see Note 17). Such amounts are included in “operating expenses–other” on the consolidated statements of operations.