Company: LAZ
Filing Date: 2025-07-25
Form Type: 10-Q
Source: 0001311370-25-000022
Chunk: 74

Company: Lazard, Inc.
Filing Date: 2025-07-25
Form: 10-Q
Item: Part I, Item 1
Chunk 74
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 CONSOLIDATED FINANCIAL STATEMENTS-(Continued)(UNAUDITED)(dollars in thousands, except for per share data, unless otherwise noted)

As of June 30, 2025, a total of $160,072 of share repurchase authorization remained available under Lazard, Inc.’s share repurchase program, which will expire on December 31, 2026.During the six month period ended June 30, 2025, Lazard, Inc. had in place trading plans under Rule 10b5-1 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), pursuant to which it effected stock repurchases in the open market. Accumulated Other Comprehensive Income (Loss) (“AOCI”), Net of Tax—The tables below reflect the balances of each component of AOCI at June 30, 2025 and 2024 and activity during the three month and six month periods then ended:Three Months Ended June 30, 2025CurrencyTranslationAdjustmentsEmployeeBenefitPlansTotalAOCIAmountAttributable toNoncontrollingInterestsTotalLazardAOCIBalance - April 1, 2025$(136,701)$(170,101)$(306,802)$(36)$(306,766)Activity:Other comprehensive income (loss) before reclassifications45,868 (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 $(268,903)Six Months Ended June 30, 2025CurrencyTranslationAdjustmentsEmployeeBenefitPlansTotalAOCIAmountAttributable toNoncontrollingInterestsTotalLazardAOCIBalance - January 1, 2025$(160,914)$(165,888)$(326,802)$(60)$(326,742)Activity:Other comprehensive income (loss) before reclassifications70,081 (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