Accounting Developments (Tables)

3 Months Ended

Feb. 28, 2018

Accounting Changes and Error Corrections [Abstract]

Schedule of New Accounting Pronouncements

The table below presents the impact to revenues and expenses as a result of the change in presentation of investment banking expenses (in thousands):

	Three Months Ended February 28, 2018
	As Reported		ASC 606 Impact		Adjusted (1)
Revenues:
Investment banking	$	439,991	$	32,485	$	407,506
Total revenues	1,086,595		32,485		1,054,110
Net revenues	821,246		32,485		788,761
Non-interest expenses:
Underwriting costs	14,275		14,275		—
Technology and communications	69,077		103		68,974
Business development	42,107		17,243		24,864
Professional services	30,408		711		29,697
Other expenses	18,598		153		18,445
Total non-compensation expenses	242,875		32,485		210,390
Total non-interest expenses	698,508		32,485		666,023

(1) The amounts reflect each affected financial statement line item as they would have been reported under U.S. GAAP, prior to the adoption of the new revenue standard.