| Schedule of Accumulated Other Comprehensive Income (Loss), Net of Tax |
The tables below reflect the balances of each component of AOCI at June 30, 2025 and 2024 and activity during the three month and six month periods then ended: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, 2025 | | Currency
Translation
Adjustments | | Employee
Benefit
Plans | | Total
AOCI | | Amount
Attributable to
Noncontrolling
Interests | | Total
Lazard
AOCI | | Balance - April 1, 2025 | $ | (136,701) | | | $ | (170,101) | | | $ | (306,802) | | | $ | (36) | | | $ | (306,766) | | | Activity: | | | | | | | | | | | Other comprehensive income (loss) before reclassifications | 45,868 | | | (10,028) | | | 35,840 | | | 42 | | | 35,798 | | | Adjustments for items reclassified to earnings, net of tax | – | | | 2,065 | | | 2,065 | | | – | | | 2,065 | | | Net other comprehensive income (loss) | 45,868 | | | (7,963) | | | 37,905 | | | 42 | | | 37,863 | | | Balance, June 30, 2025 | $ | (90,833) | | | $ | (178,064) | | | $ | (268,897) | | | $ | 6 | | | $ | (268,903) | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended June 30, 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 | 70,081 | | | (15,817) | | | 54,264 | | | 66 | | | 54,198 | | | Adjustments for items reclassified to earnings, net of tax | – | | | 3,641 | | | 3,641 | | | – | | | 3,641 | | | Net other comprehensive income (loss) | 70,081 | | | (12,176) | | | 57,905 | | | 66 | | | 57,839 | | | Balance, June 30, 2025 | $ | (90,833) | | | $ | (178,064) | | | $ | (268,897) | | | $ | 6 | | | $ | (268,903) | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, 2024 | | Currency
Translation
Adjustments | | Employee
Benefit
Plans | | Total
AOCI | | Amount
Attributable to
Noncontrolling
Interests | | Total
Lazard
AOCI | | Balance - April 1, 2024 | $ | (140,253) | | | $ | (163,741) | | | $ | (303,994) | | | $ | 1 | | | $ | (303,995) | | | Activity: | | | | | | | | | | | Other comprehensive income (loss) before reclassifications | (4,572) | | | 789 | | | (3,783) | | | – | | | (3,783) | | | Adjustments for items reclassified to earnings, net of tax | – | | | 1,485 | | | 1,485 | | | – | | | 1,485 | | | Net other comprehensive income (loss) | (4,572) | | | 2,274 | | | (2,298) | | | – | | | (2,298) | | | Balance, June 30, 2024 | $ | (144,825) | | | $ | (161,467) | | | $ | (306,292) | | | $ | 1 | | | $ | (306,293) | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended June 30, 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 | (20,834) | | | 1,604 | | | (19,230) | | | – | | | (19,230) | | | Adjustments for items reclassified to earnings, net of tax | – | | | 2,887 | | | 2,887 | | | – | | | 2,887 | | | Net other comprehensive income (loss) | (20,834) | | | 4,491 | | | (16,343) | | | – | | | (16,343) | | | Balance, June 30, 2024 | $ | (144,825) | | | $ | (161,467) | | | $ | (306,292) | | | $ | 1 | | | $ | (306,293) | |
|
| 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 and six month periods ended June 30, 2025 and 2024: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended
June 30, | | Six Months Ended
June 30, | | 2025 | | 2024 | | 2025 | | 2024 | | Employee benefit plans: | | | | | | | | | Amortization relating to employee benefit plans (a) | $ | 2,627 | | | $ | 1,940 | | | 4,733 | | | 3,797 | | | Less - related income taxes | 562 | | | 455 | | | 1,092 | | | 910 | | | Total reclassifications, net of tax | $ | 2,065 | | | $ | 1,485 | | | $ | 3,641 | | | $ | 2,887 | |
__________________________(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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