Company: LAZ
Filing Date: 2025-10-27
Form Type: 10-Q
Source: 0001311370-25-000052
Chunk: 78

Company: Lazard, Inc.
Filing Date: 2025-10-27
Form: 10-Q
Item: Part I, Item 1
Chunk 78
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, net of tax– 4,775 4,775 – 4,775 Net other comprehensive income (loss)20,793 (2,654)18,139 33 18,106 Balance, September 30, 2024$(103,198)$(168,612)$(271,810)$34 $(271,844)

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LAZARD, INC.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS-(Continued)(UNAUDITED)(dollars in thousands, except for per share data, unless otherwise noted)

The table below reflects adjustments for items reclassified out of AOCI, by component, for the three month and nine month periods ended September 30, 2025 and 2024:Three Months EndedSeptember 30,Nine Months EndedSeptember 30,2025202420252024Employee benefit plans:Amortization relating to employee benefit plans (a)$2,385 $2,433 $7,118 $6,230 Less - related income taxes554 545 1,646 1,455 Total reclassifications, net of tax$1,831 $1,888 $5,472 $4,775  __________________________(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.Noncontrolling Interests—Noncontrolling interests principally represent (i) interests held in Edgewater’s management vehicles that the Company is deemed to control, but does not own and (ii) profits interest participation rights (see Note 13).Redeemable Noncontrolling Interests—Redeemable noncontrolling interests represent consolidated VIE interests held by employees (vested LFI awards), which may be redeemed at any time at the option of the holder for cash, are recorded on the Company’s condensed consolidated statements of financial position at redemption value and classified as temporary equity. Changes in redemption value are recognized immediately as they occur and will adjust the carrying value of redeemable noncontrolling interests to equal the redemption value at the end of each reporting period (see Note 21).Dividends Declared, October 22, 2025—On October 22, 2025, the Board of Directors of Lazard declared a quarterly dividend of $0.50 per share on our common stock. The dividend is payable on November 14