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STOCKHOLDERS’ EQUITY AND REDEEMABLE NONCONTROLLING INTERESTS (Tables) | 3 Months Ended
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Mar. 31, 2025
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 March 31, 2025:
Date | Repurchase Authorization |  | Expiration
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:
Three Months Ended March 31: | Number of Shares Purchased |  | Average Price Per Share
2024 | 564,692 |  | $ | 38.97 |
2025 | 773,955 |  | $ | 46.73 |
Schedule of Accumulated Other Comprehensive Income (Loss), Net of Tax | The tables below reflect the balances of each component of AOCI at March 31, 2025 and 2024 and activity during the three month periods then ended:
| Three Months Ended March 31, 2025
| Currency Translation Adjustments |  | Employee Benefit Plans |  | Total AOCI |  | Amount Attributable to Noncontrolling Interests |  | Total Lazard AOCI
Balance - January 1, 2025 | $ | (160,914) |  |  | $ | (165,888) |  |  | $ | (326,802) |  |  | $ | (60) |  |  | $ | (326,742) |
Activity: |  |  |  |  |  |  |  |  |
Other comprehensive income (loss) before reclassifications | 24,213 |  |  | (5,789) |  |  | 18,424 |  |  | 24 |  |  | 18,400 |
Adjustments for items reclassified to earnings, net of tax | – |  |  | 1,576 |  |  | 1,576 |  |  | – |  |  | 1,576 |
Net other comprehensive income (loss) | 24,213 |  |  | (4,213) |  |  | 20,000 |  |  | 24 |  |  | 19,976 |
Balance, March 31, 2025 | $ | (136,701) |  |  | $ | (170,101) |  |  | $ | (306,802) |  |  | $ | (36) |  |  | $ | (306,766) |
| Three Months Ended March 31, 2024
| 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) |  |  | $ | 1 |  |  | $ | (289,950) |
Activity: |  |  |  |  |  |  |  |  |
Other comprehensive income (loss) before reclassifications | (16,262) |  |  | 815 |  |  | (15,447) |  |  | – |  |  | (15,447) |
Adjustments for items reclassified to earnings, net of tax | – |  |  | 1,402 |  |  | 1,402 |  |  | – |  |  | 1,402 |
Net other comprehensive income (loss) | (16,262) |  |  | 2,217 |  |  | (14,045) |  |  | – |  |  | (14,045) |
Balance, March 31, 2024 | $ | (140,253) |  |  | $ | (163,741) |  |  | $ | (303,994) |  |  | $ | 1 |  |  | $ | (303,995) |
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 periods ended March 31, 2025 and 2024:
| Three Months Ended March 31, |  |
| 2025 |  | 2024 |  |  |  |
Employee benefit plans: |  |  |  |  |  |  |
Amortization relating to employee benefit plans (a) | $ | 2,106 |  |  | $ | 1,857 |  |  |  |  |
Less - related income taxes | 530 |  |  | 455 |  |  |  |  |
Total reclassifications, net of tax | $ | 1,576 |  |  | $ | 1,402 |  |  |  |  |
__________________________ (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.

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