Company: LAZ
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001628280-25-021162
Chunk: 193

Company: Lazard, Inc.
Filing Date: 2025-05-01
Form: 10-Q
Item: Part II, Item 8
Chunk 193
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 month periods then ended:Three Months Ended March 31, 2025CurrencyTranslationAdjustmentsEmployeeBenefitPlansTotalAOCIAmountAttributable toNoncontrollingInterestsTotalLazardAOCIBalance - January 1, 2025$(160,914)$(165,888)$(326,802)$(60)$(326,742)Activity:Other comprehensive income (loss) before reclassifications24,213 (5,789)18,424 24 18,400 Adjustments for items reclassified to earnings, net of tax– 1,576 1,576 – 1,576 Net other comprehensive income (loss)24,213 (4,213)20,000 24 19,976 Balance, March 31, 2025$(136,701)$(170,101)$(306,802)$(36)$(306,766)Three Months Ended March 31, 2024CurrencyTranslationAdjustmentsEmployeeBenefitPlansTotalAOCIAmountAttributable toNoncontrollingInterestsTotalLazardAOCIBalance - 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)

24

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 periods ended March 31, 2025 and 2024:Three Months EndedMarch 31,20252024Employee benefit plans:Amortization relating to employee benefit plans (a)$2,106 $1,857 Less - related income taxes530 455 Total reclassifications, net of tax$1,576