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CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (UNAUDITED) - USD ($)
$ in Thousands
Total
Member's paid-in capital
Member's paid-in capital
Adjustment for change in accounting principle for current expected credit losses
Accumulated other comprehensive income (loss), net of tax
Total Jefferies Group LLC member’s equity
Noncontrolling interests
Balance, beginning of period at Nov. 30, 2019   $ 6,329,677 $ 0 $ (204,205)   $ 4,275
Increase (Decrease) in Stockholders' Equity            
Net earnings $ 171,365 173,389       (2,024)
Contribution from Jefferies Financial Group Inc.   0        
Distributions to Jefferies Financial Group Inc.   0        
Currency translation and other adjustments (8,996) [1]     (8,996)    
Changes in instrument specific credit risk 22,996 [2]     22,996    
Unrealized gain (loss) on available-for-sale securities 237 [3]     237    
Contributions           17,100
Distributions           0
Balance, end of period at Feb. 29, 2020 6,332,449 6,503,066   (189,968) $ 6,313,098 19,351
Balance, beginning of period at Nov. 30, 2020 $ 6,366,132 6,569,328 $ 2,698 (220,585)   17,389
Increase (Decrease) in Stockholders' Equity            
Accounting Standards Update [Extensible List] us-gaap:AccountingStandardsUpdate201613Member          
Net earnings $ 493,865 494,068       (203)
Contribution from Jefferies Financial Group Inc.   153,557        
Distributions to Jefferies Financial Group Inc.   (400,591)        
Currency translation and other adjustments 10,939 [1]     10,939    
Changes in instrument specific credit risk (69,436) [2]     (69,436)    
Unrealized gain (loss) on available-for-sale securities (60) [3]     (60)    
Contributions           0
Distributions           (1,473)
Balance, end of period at Feb. 28, 2021 $ 6,555,631 $ 6,819,060   $ (279,142) $ 6,539,918 $ 15,713
[1] The amounts include income tax benefits (expenses) of approximately $(3.2) million and $3.1 million during the three months ended February 28, 2021 and February 29, 2020, respectively.
[2] The amounts include income tax benefits (expenses) of approximately $22.3 million and $(7.9) million during the three months ended February 28, 2021 and February 29, 2020, respectively. The amount during the three months ended February 28, 2021 also includes a net loss of $0.2 million, net of an income tax benefit of $0.1 million, and the amount during the three months ended February 29, 2020 also includes a net loss of $0.3 million, net of an income tax benefit of $0.1 million, related to changes in instrument specific risk, which were reclassified to Principal transactions revenues in our Consolidated Statements of Earnings.
[3] The amount includes income tax expense of $0.1 million during the three months ended February 29, 2020.