2015 Q4 Form 10-K Financial Statement

#000156459017002432 Filed on February 24, 2017

View on sec.gov

Income Statement

Concept 2015 Q4 2015 Q3 2015 Q2
Revenue $593.2M $585.3M $620.6M
YoY Change -6.42% 0.62% 6.52%
Cost Of Revenue $25.10M $26.20M $29.00M
YoY Change -22.53% -19.38% -8.52%
Gross Profit $579.9M $559.2M $591.6M
YoY Change -6.01% 1.82% 7.39%
Gross Profit Margin 97.75% 95.54% 95.33%
Selling, General & Admin $429.8M -$23.00M $1.381B
YoY Change 5.52% -105.46% 213.55%
% of Gross Profit 74.12% -4.11% 233.47%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $10.90M $8.900M $9.900M
YoY Change 25.29% -29.37% 4.21%
% of Gross Profit 1.88% 1.59% 1.67%
Operating Expenses $440.5M -$11.60M $1.393B
YoY Change 5.56% -102.66% 208.25%
Operating Profit $139.3M $570.7M -$801.4M
YoY Change -30.18% 401.92% -909.63%
Interest Expense $11.80M $11.50M
YoY Change -23.94% -26.81%
% of Operating Profit 2.07%
Other Income/Expense, Net $10.92M $9.938M
YoY Change 6.3% -7.2%
Pretax Income $139.3M $570.7M -$801.4M
YoY Change -30.21% 401.93% -909.49%
Income Tax -$16.00M $171.0M -$1.177B
% Of Pretax Income -11.49% 29.96%
Net Earnings $157.8M $398.5M $374.1M
YoY Change -8.47% 348.49% 339.14%
Net Earnings / Revenue 26.6% 68.09% 60.28%
Basic Earnings Per Share $1.26 $3.16 $2.96
Diluted Earnings Per Share $1.18 $2.99 $2.82
COMMON SHARES
Basic Shares Outstanding 125.9M 126.2M shares
Diluted Shares Outstanding 133.1M 132.8M shares

Balance Sheet

Concept 2015 Q4 2015 Q3 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.557B $1.171B $1.023B
YoY Change 18.16% 5.91% -4.82%
Cash & Equivalents $1.132B $860.0M $701.2M
Short-Term Investments
Other Short-Term Assets $34.90M $34.90M $33.70M
YoY Change -66.44% -21.92% -50.22%
Inventory
Prepaid Expenses
Receivables $423.8M $426.4M $443.7M
Other Receivables $73.40M $76.00M $57.80M
Total Short-Term Assets $2.054B $1.674B $1.524B
YoY Change 3.78% 3.71% -5.84%
LONG-TERM ASSETS
Property, Plant & Equipment $207.2M $209.8M $213.7M
YoY Change -6.92% -7.72% -9.54%
Goodwill $320.8M $317.0M $326.8M
YoY Change -4.37% -7.79% -7.16%
Intangibles
YoY Change
Long-Term Investments $541.9M $575.2M $557.8M
YoY Change 6868.88% 6652.76% 6877.73%
Other Assets $1.131B $1.113B $1.255B
YoY Change 1607.85%
Total Long-Term Assets $2.424B $2.474B $2.628B
YoY Change 80.05% 73.15% 79.89%
TOTAL ASSETS
Total Short-Term Assets $2.054B $1.674B $1.524B
Total Long-Term Assets $2.424B $2.474B $2.628B
Total Assets $4.478B $4.148B $4.152B
YoY Change 34.66% 36.32% 34.83%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $506.7M $399.8M $375.8M
YoY Change 60.04% 43.66% -6.28%
Accrued Expenses $570.4M $456.0M $387.5M
YoY Change -22.81% -11.9% -7.94%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.077B $855.8M $763.3M
YoY Change 1.15% 5.93% -13.72%
LONG-TERM LIABILITIES
Long-Term Debt $998.4M $1.008B $1.008B
YoY Change -5.85% -5.01% -5.13%
Other Long-Term Liabilities $1.024B $1.072B $1.511B
YoY Change 235.05% 100.02% 167.26%
Total Long-Term Liabilities $2.022B $2.080B $2.519B
YoY Change 48.05% 30.24% 54.72%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.077B $855.8M $763.3M
Total Long-Term Liabilities $2.022B $2.080B $2.519B
Total Liabilities $3.110B $2.936B $3.283B
YoY Change 21.4% 22.07% 30.64%
SHAREHOLDERS EQUITY
Retained Earnings $1.124B $1.014B $664.0M
YoY Change 141.84% 204.28% 132.59%
Common Stock $600.0M $569.5M $527.5M
YoY Change -14.62%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.313B $1.155B $810.2M
YoY Change
Total Liabilities & Shareholders Equity $4.478B $4.148B $4.152B
YoY Change 34.38% 36.32% 34.83%

Cashflow Statement

Concept 2015 Q4 2015 Q3 2015 Q2
OPERATING ACTIVITIES
Net Income $157.8M $398.5M $374.1M
YoY Change -8.47% 348.49% 339.14%
Depreciation, Depletion And Amortization $10.90M $8.900M $9.900M
YoY Change 25.29% -29.37% 4.21%
Cash From Operating Activities $367.9M $308.1M $176.3M
YoY Change 14.75% 7.8% 132.59%
INVESTING ACTIVITIES
Capital Expenditures -$8.100M -$5.100M -$9.300M
YoY Change 1.25% -39.29% 257.69%
Acquisitions
YoY Change
Other Investing Activities $200.0K $200.0K $300.0K
YoY Change -81.82% -66.67% 200.0%
Cash From Investing Activities -$8.000M -$4.900M -$9.100M
YoY Change 14.29% -35.53% 250.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -70.20M -135.8M -86.80M
YoY Change 78.63% 21.14% 54.45%
NET CHANGE
Cash From Operating Activities 367.9M 308.1M 176.3M
Cash From Investing Activities -8.000M -4.900M -9.100M
Cash From Financing Activities -70.20M -135.8M -86.80M
Net Change In Cash 289.7M 167.4M 80.40M
YoY Change 5.61% 0.78% 372.94%
FREE CASH FLOW
Cash From Operating Activities $367.9M $308.1M $176.3M
Capital Expenditures -$8.100M -$5.100M -$9.300M
Free Cash Flow $376.0M $313.2M $185.6M
YoY Change 14.42% 6.46% 136.73%

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<div> <p style="margin-top:12pt;margin-bottom:0pt;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;text-indent:5.24%;">Use of Estimates&#8212;<font style="font-weight:normal;font-style:normal;">The</font><font style="font-weight:normal;font-style:normal;"> preparation of consolidated financial statements in conformity with U.S. GAAP requires the use of management&#8217;s estimates. 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width:100%;"> <tr> <td valign="top" style="width:5.24%;white-space:nowrap"> <p style="margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="top" style="width:5.24%;white-space:nowrap"> <p style="margin-top:6pt;margin-bottom:0pt;font-family:'Times New Roman';font-size:15pt;line-height:11pt;">&#x2022;</p></td> <td valign="top"> <p style="margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">the adequacy of the allowance for doubtful accounts;</p></td></tr></table></div> <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"> <tr> <td valign="top" style="width:5.24%;white-space:nowrap"> <p style="margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="top" style="width:5.24%;white-space:nowrap"> <p style="margin-top:6pt;margin-bottom:0pt;font-family:'Times New Roman';font-size:15pt;line-height:11pt;">&#x2022;</p></td> <td valign="top"> <p style="margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">the realization of deferred tax assets and adequacy of tax reserves for uncertain tax positions;</p></td></tr></table></div> <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"> <tr> <td valign="top" style="width:5.24%;white-space:nowrap"> <p style="margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="top" style="width:5.24%;white-space:nowrap"> <p style="margin-top:6pt;margin-bottom:0pt;font-family:'Times New Roman';font-size:15pt;line-height:11pt;">&#x2022;</p></td> <td valign="top"> <p style="margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">the measurement of our tax receivable agreement obligation;</p></td></tr></table></div> <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"> <tr> <td valign="top" style="width:5.24%;white-space:nowrap"> <p style="margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="top" style="width:5.24%;white-space:nowrap"> <p style="margin-top:6pt;margin-bottom:0pt;font-family:'Times New Roman';font-size:15pt;line-height:11pt;">&#x2022;</p></td> <td valign="top"> <p style="margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">the outcome of litigation;</p></td></tr></table></div> <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; 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width:100%;"> <tr> <td valign="top" style="width:5.24%;white-space:nowrap"> <p style="margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="top" style="width:5.24%;white-space:nowrap"> <p style="margin-top:6pt;margin-bottom:0pt;font-family:'Times New Roman';font-size:15pt;line-height:11pt;">&#x2022;</p></td> <td valign="top"> <p style="margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">the valuation of shares issued or issuable that contain transfer restrictions;</p></td></tr></table></div> <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"> <tr> <td valign="top" style="width:5.24%;white-space:nowrap"> <p style="margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="top" style="width:5.24%;white-space:nowrap"> <p style="margin-top:6pt;margin-bottom:0pt;font-family:'Times New Roman';font-size:15pt;line-height:11pt;">&#x2022;</p></td> <td valign="top"> <p style="margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">the vesting of share-based and other deferred compensation plan awards; and</p></td></tr></table></div> <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"> <tr> <td valign="top" style="width:5.24%;white-space:nowrap"> <p style="margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="top" style="width:5.24%;white-space:nowrap"> <p style="margin-top:6pt;margin-bottom:0pt;font-family:'Times New Roman';font-size:15pt;line-height:11pt;">&#x2022;</p></td> <td valign="top"> <p style="margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">other matters that affect the reported amounts and disclosure of contingencies in the consolidated financial statements.</p></td></tr></table></div> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:5.24%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Estimates, by their nature, are based on judgment and available information. 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11751000
CY2016 laz Capital Lease Obligations Recorded Under Sale Leaseback Transactions Maturity Year
CapitalLeaseObligationsRecordedUnderSaleLeasebackTransactionsMaturityYear
2017
CY2016 laz Weighted Average Interest Rate Of Capital Lease Obligations Under Sales Leaseback Transactions
WeightedAverageInterestRateOfCapitalLeaseObligationsUnderSalesLeasebackTransactions
0.061
CY2016Q4 us-gaap Capital Leases Balance Sheet Assets By Major Class Net
CapitalLeasesBalanceSheetAssetsByMajorClassNet
13628000
CY2015Q4 us-gaap Capital Leases Balance Sheet Assets By Major Class Net
CapitalLeasesBalanceSheetAssetsByMajorClassNet
15273000
CY2016Q4 us-gaap Capital Leases Future Minimum Payments Due Current
CapitalLeasesFutureMinimumPaymentsDueCurrent
7282000
CY2016Q4 us-gaap Capital Leases Future Minimum Payments Due In Two Years
CapitalLeasesFutureMinimumPaymentsDueInTwoYears
38000
CY2016Q4 us-gaap Capital Leases Future Minimum Payments Due In Three Years
CapitalLeasesFutureMinimumPaymentsDueInThreeYears
32000
CY2016Q4 us-gaap Capital Leases Future Minimum Payments Due In Four Years
CapitalLeasesFutureMinimumPaymentsDueInFourYears
5000
CY2016Q4 us-gaap Capital Leases Future Minimum Payments Due In Five Years
CapitalLeasesFutureMinimumPaymentsDueInFiveYears
0
CY2016Q4 us-gaap Capital Leases Future Minimum Payments Due Thereafter
CapitalLeasesFutureMinimumPaymentsDueThereafter
0
CY2016Q4 us-gaap Capital Leases Future Minimum Payments Due
CapitalLeasesFutureMinimumPaymentsDue
7357000
CY2016 us-gaap Capital Leases Income Statement Interest Expense
CapitalLeasesIncomeStatementInterestExpense
152000
CY2014 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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-67762000
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
62516000
CY2016Q4 us-gaap Capital Leases Future Minimum Payments Present Value Of Net Minimum Payments
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7205000
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
75996000
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
73224000
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
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65368000
CY2016 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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-82392000
CY2016 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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-79866000
CY2014Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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-200766000
CY2015 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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-39899000
CY2015 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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-33590000
CY2013Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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-133004000
CY2014 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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-72511000
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due Future Minimum Sublease Rentals
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45643000
CY2016 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
782515000
CY2016Q4 us-gaap Guarantee Obligations Maximum Exposure
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3340000
CY2016Q4 laz Guarantor Obligations Collateral Held
GuarantorObligationsCollateralHeld
3259000
CY2014 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
4114206
CY2015 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
3438789
CY2016 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
8551271
CY2014 laz Average Price Per Common Share
AveragePricePerCommonShare
46.83
CY2015 laz Average Price Per Common Share
AveragePricePerCommonShare
50.24
CY2016 laz Average Price Per Common Share
AveragePricePerCommonShare
35.11
CY2016Q4 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
355125000
CY2015 us-gaap Stock Issued During Period Shares Conversion Of Convertible Securities
StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities
0
CY2016 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
261462000
CY2015 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
226723000
CY2014 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
206195000
CY2016 laz Issuance Of Restricted Stock Units In Connection With Dividend Participation Rights
IssuanceOfRestrictedStockUnitsInConnectionWithDividendParticipationRights
1085354
CY2015 laz Issuance Of Restricted Stock Units In Connection With Dividend Participation Rights
IssuanceOfRestrictedStockUnitsInConnectionWithDividendParticipationRights
693714
CY2014 laz Issuance Of Restricted Stock Units In Connection With Dividend Participation Rights
IssuanceOfRestrictedStockUnitsInConnectionWithDividendParticipationRights
375954
CY2016 laz Charge To Retained Earnings Pertaining To Issuance Of Restricted Stock Units In Connection With Participation Rights
ChargeToRetainedEarningsPertainingToIssuanceOfRestrictedStockUnitsInConnectionWithParticipationRights
37284000
CY2015 laz Charge To Retained Earnings Pertaining To Issuance Of Restricted Stock Units In Connection With Participation Rights
ChargeToRetainedEarningsPertainingToIssuanceOfRestrictedStockUnitsInConnectionWithParticipationRights
34255000
CY2014 laz Charge To Retained Earnings Pertaining To Issuance Of Restricted Stock Units In Connection With Participation Rights
ChargeToRetainedEarningsPertainingToIssuanceOfRestrictedStockUnitsInConnectionWithParticipationRights
17536000
CY2016 laz Prepaid Compensation Asset Granted
PrepaidCompensationAssetGranted
52121000
CY2016 laz Prepaid Compensation Asset Settled
PrepaidCompensationAssetSettled
0
CY2016 laz Prepaid Compensation Asset Forfeited
PrepaidCompensationAssetForfeited
2942000
CY2016 laz Prepaid Compensation Asset Amortization
PrepaidCompensationAssetAmortization
73340000
CY2016 laz Prepaid Compensation Asset Change In Fair Value
PrepaidCompensationAssetChangeInFairValue
0
CY2016 laz Prepaid Compensation Asset Adjustment To Forfeiture
PrepaidCompensationAssetAdjustmentToForfeiture
0
CY2016 laz Prepaid Compensation Asset Foreign Currency Translation And Other Adjustments
PrepaidCompensationAssetForeignCurrencyTranslationAndOtherAdjustments
-1892000
CY2015Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
193574000
CY2016 laz Derivative Liability Granted
DerivativeLiabilityGranted
52121000
CY2016 laz Derivative Liability Settled
DerivativeLiabilitySettled
77457000
CY2016 laz Derivative Liability Forfeited
DerivativeLiabilityForfeited
5380000
CY2016 laz Derivative Liability Amortizations
DerivativeLiabilityAmortizations
0
CY2016 laz Derivative Liability Change In Fair Value
DerivativeLiabilityChangeInFairValue
3318000
CY2016 laz Derivative Liability Adjustment To Forfeiture
DerivativeLiabilityAdjustmentToForfeiture
4671000
CY2016 laz Derivative Liability Foreign Currency Translation And Other Adjustments
DerivativeLiabilityForeignCurrencyTranslationAndOtherAdjustments
-459000
CY2016Q4 us-gaap Derivative Fair Value Of Derivative Liability
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170388000
CY2014Q4 laz Prepaid Compensation Asset
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73278000
CY2015 laz Prepaid Compensation Asset Granted
PrepaidCompensationAssetGranted
89817000
CY2015 laz Prepaid Compensation Asset Settled
PrepaidCompensationAssetSettled
0
CY2015 laz Prepaid Compensation Asset Forfeited
PrepaidCompensationAssetForfeited
4099000
CY2015 laz Prepaid Compensation Asset Amortization
PrepaidCompensationAssetAmortization
82736000
CY2015 laz Prepaid Compensation Asset Change In Fair Value
PrepaidCompensationAssetChangeInFairValue
0
CY2015 laz Prepaid Compensation Asset Adjustment To Forfeiture
PrepaidCompensationAssetAdjustmentToForfeiture
0
CY2015 laz Prepaid Compensation Asset Foreign Currency Translation And Other Adjustments
PrepaidCompensationAssetForeignCurrencyTranslationAndOtherAdjustments
-557000
CY2014Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
207306000
CY2015 laz Derivative Liability Granted
DerivativeLiabilityGranted
89817000
CY2015 laz Derivative Liability Settled
DerivativeLiabilitySettled
96223000
CY2015 laz Derivative Liability Forfeited
DerivativeLiabilityForfeited
8052000
CY2015 laz Derivative Liability Amortizations
DerivativeLiabilityAmortizations
0
CY2015 laz Derivative Liability Change In Fair Value
DerivativeLiabilityChangeInFairValue
-3827000
CY2015 laz Derivative Liability Adjustment To Forfeiture
DerivativeLiabilityAdjustmentToForfeiture
6780000
CY2015 laz Derivative Liability Foreign Currency Translation And Other Adjustments
DerivativeLiabilityForeignCurrencyTranslationAndOtherAdjustments
-2227000
CY2015 laz Tax Benefits On Amounts Recognized In Aoci Related To Defined Benefit Plans
TaxBenefitsOnAmountsRecognizedInAociRelatedToDefinedBenefitPlans
30416000
CY2016 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
14454000
CY2015 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
12493000
CY2016Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
646119000
CY2014 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
11904000
CY2016 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
1766000
CY2015 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
8177000
CY2016 laz Amortization Of Awarded Grants Net Of Forfeitures
AmortizationOfAwardedGrantsNetOfForfeitures
75573000
CY2015 laz Amortization Of Awarded Grants Net Of Forfeitures
AmortizationOfAwardedGrantsNetOfForfeitures
85563000
CY2014 laz Amortization Of Awarded Grants Net Of Forfeitures
AmortizationOfAwardedGrantsNetOfForfeitures
82359000
CY2016 laz Compensation Expense Related To Change In Fair Value Of Underlying Investments
CompensationExpenseRelatedToChangeInFairValueOfUnderlyingInvestments
3318000
CY2015 laz Compensation Expense Related To Change In Fair Value Of Underlying Investments
CompensationExpenseRelatedToChangeInFairValueOfUnderlyingInvestments
-3827000
CY2014 laz Compensation Expense Related To Change In Fair Value Of Underlying Investments
CompensationExpenseRelatedToChangeInFairValueOfUnderlyingInvestments
7326000
CY2016 us-gaap Deferred Compensation Arrangement With Individual Allocated Share Based Compensation Expense
DeferredCompensationArrangementWithIndividualAllocatedShareBasedCompensationExpense
78891000
CY2015 us-gaap Deferred Compensation Arrangement With Individual Allocated Share Based Compensation Expense
DeferredCompensationArrangementWithIndividualAllocatedShareBasedCompensationExpense
81736000
CY2014 us-gaap Deferred Compensation Arrangement With Individual Allocated Share Based Compensation Expense
DeferredCompensationArrangementWithIndividualAllocatedShareBasedCompensationExpense
89685000
CY2016 laz Tax Benefits On Amounts Recognized In Aoci Related To Defined Benefit Plans
TaxBenefitsOnAmountsRecognizedInAociRelatedToDefinedBenefitPlans
33864000
CY2015Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
656084000
CY2016Q4 us-gaap Defined Benefit Plan Accumulated Benefit Obligation
DefinedBenefitPlanAccumulatedBenefitObligation
718821000
CY2015Q4 us-gaap Defined Benefit Plan Accumulated Benefit Obligation
DefinedBenefitPlanAccumulatedBenefitObligation
694187000
CY2016Q4 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
718821000
CY2015Q4 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
694187000
CY2016 laz Tax Expense Benefit On Other Changes In Plan Assets And Benefit Obligations Recognized In Aoci
TaxExpenseBenefitOnOtherChangesInPlanAssetsAndBenefitObligationsRecognizedInAOCI
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CY2015 laz Tax Expense Benefit On Other Changes In Plan Assets And Benefit Obligations Recognized In Aoci
TaxExpenseBenefitOnOtherChangesInPlanAssetsAndBenefitObligationsRecognizedInAOCI
7151000
CY2014 laz Tax Expense Benefit On Other Changes In Plan Assets And Benefit Obligations Recognized In Aoci
TaxExpenseBenefitOnOtherChangesInPlanAssetsAndBenefitObligationsRecognizedInAOCI
-7119000
CY2015 us-gaap Defined Benefit Plan Effect Of One Percentage Point Increase On Service And Interest Cost Components
DefinedBenefitPlanEffectOfOnePercentagePointIncreaseOnServiceAndInterestCostComponents
28000
CY2015 us-gaap Defined Benefit Plan Effect Of One Percentage Point Decrease On Service And Interest Cost Components1
DefinedBenefitPlanEffectOfOnePercentagePointDecreaseOnServiceAndInterestCostComponents1
20000
CY2015 us-gaap Defined Benefit Plan Effect Of One Percentage Point Increase On Accumulated Postretirement Benefit Obligation
DefinedBenefitPlanEffectOfOnePercentagePointIncreaseOnAccumulatedPostretirementBenefitObligation
661000
CY2015 us-gaap Defined Benefit Plan Effect Of One Percentage Point Decrease On Accumulated Postretirement Benefit Obligation1
DefinedBenefitPlanEffectOfOnePercentagePointDecreaseOnAccumulatedPostretirementBenefitObligation1
433000
CY2015Q4 laz Fair Value Of Plan Assets Excluding Fair Value Of Plan Liabilities
FairValueOfPlanAssetsExcludingFairValueOfPlanLiabilities
656668000
CY2015Q4 laz Defined Benefit Plan Fair Value Of Plan Liabilities
DefinedBenefitPlanFairValueOfPlanLiabilities
584000
CY2016Q4 laz Equity Funds Managed By Entity
EquityFundsManagedByEntity
97933000
CY2015Q4 laz Equity Funds Managed By Entity
EquityFundsManagedByEntity
70444000
CY2014 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
3112000
CY2016 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
54253000
CY2015 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
78086000
CY2014 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
61143000
CY2016 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
4090000
CY2015 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
4970000
CY2014 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
5519000
CY2016 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
60109000
CY2015 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
91233000
CY2014 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
69774000
CY2016 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
50602000
CY2015 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-988900000
CY2014 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
2766000
CY2016 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
1354000
CY2015 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-3960000
CY2014 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
9239000
CY2016 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
11704000
CY2015 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-107925000
CY2014 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
3623000
CY2016 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350
CY2015 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350
CY2014 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350
CY2015Q1 us-gaap Revenues Net Of Interest Expense
RevenuesNetOfInterestExpense
577749000
CY2015Q1 us-gaap Costs And Expenses
CostsAndExpenses
503086000
CY2016Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
69593000
CY2016 us-gaap Effective Income Tax Rate Reconciliation Minority Interest Income Expense
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-0.003
CY2015 us-gaap Effective Income Tax Rate Reconciliation Minority Interest Income Expense
EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense
0.138
CY2014 us-gaap Effective Income Tax Rate Reconciliation Minority Interest Income Expense
EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense
-0.005
CY2016 laz Effective Income Tax Rate Reconciliation Foreign Source Income Loss Not Subject To Domestic Tax
EffectiveIncomeTaxRateReconciliationForeignSourceIncomeLossNotSubjectToDomesticTax
-0.093
CY2015 laz Effective Income Tax Rate Reconciliation Foreign Source Income Loss Not Subject To Domestic Tax
EffectiveIncomeTaxRateReconciliationForeignSourceIncomeLossNotSubjectToDomesticTax
4.194
CY2014 laz Effective Income Tax Rate Reconciliation Foreign Source Income Loss Not Subject To Domestic Tax
EffectiveIncomeTaxRateReconciliationForeignSourceIncomeLossNotSubjectToDomesticTax
-0.124
CY2016 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.001
CY2015 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-3.616
CY2014 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.082
CY2016 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.030
CY2015 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
5.222
CY2014 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.018
CY2016 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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-0.036
CY2015 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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54.770
CY2014 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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-0.187
CY2016 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.008
CY2015 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.315
CY2014 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.030
CY2016 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.239
CY2015 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
60.743
CY2014 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.164
CY2016Q4 laz Gross Deferred Tax Assets Pertaining To Basis Adjustments
GrossDeferredTaxAssetsPertainingToBasisAdjustments
692430000
CY2015Q4 laz Gross Deferred Tax Assets Pertaining To Basis Adjustments
GrossDeferredTaxAssetsPertainingToBasisAdjustments
727696000
CY2016Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
197750000
CY2015Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
204780000
CY2016Q4 laz Deferred Tax Assets Operating Loss Carryforwards And Tax Credit Carryforwards
DeferredTaxAssetsOperatingLossCarryforwardsAndTaxCreditCarryforwards
285694000
CY2015Q4 laz Deferred Tax Assets Operating Loss Carryforwards And Tax Credit Carryforwards
DeferredTaxAssetsOperatingLossCarryforwardsAndTaxCreditCarryforwards
309811000
CY2016Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
850000
CY2015Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
840000
CY2016Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
53895000
CY2015Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
36154000
CY2016Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
1230619000
CY2015Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
1279281000
CY2015Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
89251000
CY2016Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
1161026000
CY2015Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
1190030000
CY2016Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
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26539000
CY2015Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
17629000
CY2016Q4 laz Gross Deferred Tax Liabilities Pertaining To Compensation And Benefits
GrossDeferredTaxLiabilitiesPertainingToCompensationAndBenefits
5447000
CY2015Q4 laz Gross Deferred Tax Liabilities Pertaining To Compensation And Benefits
GrossDeferredTaxLiabilitiesPertainingToCompensationAndBenefits
9332000
CY2016Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Goodwill
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsGoodwill
27932000
CY2015Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Goodwill
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsGoodwill
15208000
CY2016Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
34499000
CY2015Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
28370000
CY2016Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
94417000
CY2015Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
70539000
CY2016Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
1066609000
CY2015Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
1119491000
CY2015 laz Recorded Tax Benefit Due To Release Of Valuation Allowance
RecordedTaxBenefitDueToReleaseOfValuationAllowance
878000000
CY2015 laz Deferred Tax Benefit Related To Tax Receivable Agreement
DeferredTaxBenefitRelatedToTaxReceivableAgreement
378000000
CY2016Q4 laz Gross Deferred Tax Assets Pertaining To Net Operating Loss And Tax Credit Carryforwards
GrossDeferredTaxAssetsPertainingToNetOperatingLossAndTaxCreditCarryforwards
285694000
CY2016Q4 laz Indefinite Lived Carryforwards
IndefiniteLivedCarryforwards
16546000
CY2016Q4 laz Other Certain Tax Credit Carryforwards
OtherCertainTaxCreditCarryforwards
235986000
CY2016 laz Certain Carryforwards Expiration Beginning Year
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2029
CY2015Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
111587000
CY2016 us-gaap Income Tax Examination Description
IncomeTaxExaminationDescription
With few exceptions, the Company is no longer subject to income tax examination by foreign tax authorities and by U.S. federal, state and local tax authorities for years prior to 2012. While we are under examination in various tax jurisdictions with respect to certain open years, the Company does not expect that the result of any final determination related to these examinations will have a material impact on its financial statements. Developments with respect to such examinations are monitored on an ongoing basis and adjustments to tax liabilities are made as appropriate.
CY2016Q4 us-gaap Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit
SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleAmountOfUnrecordedBenefit
23000000
CY2014Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
1044152000
CY2013Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
1225305000
CY2016 laz Deferred Tax Asset Valuation Allowance Changes Due To Changes In Provision Benefit Balances
DeferredTaxAssetValuationAllowanceChangesDueToChangesInProvisionBenefitBalances
-15981000
CY2015 laz Deferred Tax Asset Valuation Allowance Changes Due To Changes In Provision Benefit Balances
DeferredTaxAssetValuationAllowanceChangesDueToChangesInProvisionBenefitBalances
-954487000
CY2014 laz Deferred Tax Asset Valuation Allowance Changes Due To Changes In Provision Benefit Balances
DeferredTaxAssetValuationAllowanceChangesDueToChangesInProvisionBenefitBalances
-203051000
CY2016 laz Deferred Tax Valuation Allowance Changes Due To Charges Credits To Other Comprehensive Income And Other
DeferredTaxValuationAllowanceChangesDueToChargesCreditsToOtherComprehensiveIncomeAndOther
-3677000
CY2015 laz Deferred Tax Valuation Allowance Changes Due To Charges Credits To Other Comprehensive Income And Other
DeferredTaxValuationAllowanceChangesDueToChargesCreditsToOtherComprehensiveIncomeAndOther
-414000
CY2014 laz Deferred Tax Valuation Allowance Changes Due To Charges Credits To Other Comprehensive Income And Other
DeferredTaxValuationAllowanceChangesDueToChargesCreditsToOtherComprehensiveIncomeAndOther
21898000
CY2016Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Deferred Tax Assets Noncurrent
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedDeferredTaxAssetsNoncurrent
2271000
CY2015Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
77280000
CY2014Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
68224000
CY2013Q4 us-gaap Unrecognized Tax Benefits
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62905000
CY2016 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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CY2016 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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CY2015 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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CY2016 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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CY2015 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
621000
CY2014 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
3191000
CY2016 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
1706000
CY2016 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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16191000
CY2015 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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12535000
CY2014 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
13025000
CY2016Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
78396000
CY2016Q4 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
15392000
CY2015Q4 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
13083000
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IncomeTaxExaminationPenaltiesAndInterestAccrued
13004000
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12200000
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CY2015Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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CY2014Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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40353000
CY2016 laz Unrecognized Tax Benefits That If Recognized Would Not Affect The Effective Tax Rate
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CY2015 laz Unrecognized Tax Benefits That If Recognized Would Not Affect The Effective Tax Rate
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CY2014 laz Unrecognized Tax Benefits That If Recognized Would Not Affect The Effective Tax Rate
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CY2016 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
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2309000
CY2015 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
79000
CY2014 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
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CY2016Q4 laz Unrecognized Tax Benefits Reversal Of Interest And Penalties
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CY2015Q4 laz Unrecognized Tax Benefits Reversal Of Interest And Penalties
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3865000
CY2014Q4 laz Unrecognized Tax Benefits Reversal Of Interest And Penalties
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CY2016 us-gaap Net Income Loss Available To Common Stockholders Basic
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NetIncomeLossAvailableToCommonStockholdersBasic
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CY2014 laz Adjustments To Income Relating To Interest Expense And Changes In Net Income Attributable To Noncontrolling Interests From Issuance Of Stock Net Of Tax
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ProfitLoss
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ProfitLoss
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CY2016 laz Tax Receivable Agreement Expiration Terms
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961948000
CY2015Q3 laz Percentage Of Beneficial Interest Acquired During Period
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0.47
CY2014 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
427858000
CY2016 us-gaap Weighted Average Number Of Shares Issued Basic
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124635160
CY2015 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
125294261
CY2014 us-gaap Weighted Average Number Of Shares Issued Basic
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CY2016 laz Weighted Average Number Of Shares Non Contingently Issuable
WeightedAverageNumberOfSharesNonContingentlyIssuable
135241
CY2015 laz Weighted Average Number Of Shares Non Contingently Issuable
WeightedAverageNumberOfSharesNonContingentlyIssuable
72011
CY2014 laz Weighted Average Number Of Shares Non Contingently Issuable
WeightedAverageNumberOfSharesNonContingentlyIssuable
408897
CY2016 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
7863229
CY2015 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
7878274
CY2014 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
11461287
CY2015Q3 laz Payments To Cancel Beneficial Interests And Extinguishment Of Payment Obligations Under Amended And Restated Tax Receivable Agreement
PaymentsToCancelBeneficialInterestsAndExtinguishmentOfPaymentObligationsUnderAmendedAndRestatedTaxReceivableAgreement
42222000
CY2014Q4 us-gaap Assets
Assets
3325329000
CY2016Q1 us-gaap Revenues Net Of Interest Expense
RevenuesNetOfInterestExpense
498218000
CY2016Q2 us-gaap Revenues Net Of Interest Expense
RevenuesNetOfInterestExpense
534680000
CY2016Q3 us-gaap Revenues Net Of Interest Expense
RevenuesNetOfInterestExpense
608908000
CY2016Q4 us-gaap Revenues Net Of Interest Expense
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691565000
CY2016Q1 us-gaap Costs And Expenses
CostsAndExpenses
399841000
CY2016Q2 us-gaap Costs And Expenses
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421444000
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CY2016Q1 us-gaap Operating Income Loss
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CY2016Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
113236000
CY2016Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
148992000
CY2016Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
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ProfitLoss
70723000
CY2016Q4 us-gaap Profit Loss
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CY2016Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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CY2016Q1 us-gaap Net Income Loss
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CY2016Q1 us-gaap Earnings Per Share Basic
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0.61
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0.85
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0.35
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0.35

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