Selected Quarterly Financial Data (Unaudited)

12 Months Ended

Nov. 30, 2013

Quarterly Financial Information Disclosure [Abstract]

Selected Quarterly Financial Data (Unaudited)

Note 26.  Selected Quarterly Financial Data (Unaudited)

The following is a summary of unaudited quarterly statements of earnings for the Successor period nine months ended November 30, 2013, and the Predecessor periods three months ended February 28, 2013 and year ended November 30, 2012 (in thousands, except per share amounts):

	Successor						Predecessor
	Three Months Ended (1)
	November 30,   2013		August 31,   2013		May 31,   2013		February 28,   2013
Total revenues	$	1,139,157	$	710,682	$	869,901	$	1,021,960
Net revenues		950,548		531,695		658,438		818,544
Earnings before income taxes		175,660		23,382		65,253		139,487
Earnings attributable to Jefferies Group LLC		109,943		11,740		39,508		80,138
Earnings per common share:
Basic		N/a		N/a		N/a	$	0.35
Diluted	$	N/a		N/a		N/a	$	0.35
	Three Months Ended (1)
	November 30, 2012		August 31, 2012		May 31, 2012		February 29, 2012
Total revenues	$	989,009	$	961,293	$	962,531	$	1,021,240
Net revenues		784,588		755,179		727,490		794,395
Earnings before income taxes		113,975		122,369		106,582		148,869
Earnings to common shareholders		71,604		70,171		63,498		77,136
Earnings per common share:
Basic	$	0.31	$	0.31	$	0.28	$	0.33
Diluted	$	0.31	$	0.31	$	0.28	$	0.33

(1) Adjustments have been made to amounts presented in previous filings. For further information refer to Note 1 in the Notes to the Consolidated Financial Statements.

The following tables set forth the effects of the adjustments on major captions within our Consolidated Statement of Earnings for the quarters in 2013 and 2012.

	Successor								Predecessor
	Three Months Ended
	August 31, 2013				May 31, 2013				February 28, 2013
(in thousands)	As      Previously      Reported		Adjusted		As      Previously      Reported		Adjusted		As      Previously      Reported		Adjusted
Commissions revenues	$	138,736	$	153,402	$	146,848	$	162,759	$	131,083	$	146,240
Total revenues		696,016		710,682		853,990		869,901		1,006,803		1,021,960
Net revenues		517,029		531,695		642,527		658,438		803,387		818,544
Net revenues, less mandatorily redeemable preferred interest		517,029		531,695		639,159		655,070		792,426		807,583
Floor brokerage and clearing fees		34,500		49,166		32,991		48,902		30,998		46,155
Other expenses		34,012		34,012		18,720		18,720		14,475		14,475
Total non-compensation expenses		199,876		214,542		200,026		215,937		178,722		193,879
Total non-interest expenses		493,647		508,313		573,906		589,817		652,939		668,096
Earnings before income taxes		23,382		23,382		65,253		65,253		139,487		139,487
Income tax expense		8,493		8,493		25,007		25,007		48,645		48,645
Net earnings		14,889		14,889		40,246		40,246		90,842		90,842
Net earnings attributable to Jefferies Group LLC		11,740		11,740		39,508		39,508		80,138		80,138

	Predecessor
	Three Months Ended
	November 30, 2012				August 31, 2012				May 31, 2012				February 28, 2012
(in thousands)	As     Previously     Reported		Adjusted		As     Previously     Reported		Adjusted		As     Previously     Reported		Adjusted		As     Previously     Reported		Adjusted
Commissions revenues	$	127,074	$	142,813	$	119,200	$	135,441	$	121,796	$	138,255	$	117,499	$	131,928
Total revenues		973,270		989,009		945,052		961,293		946,072		962,531		1,006,811		1,021,240
Net revenues		768,849		784,588		738,938		755,179		711,031		727,490		779,966		794,395
Net revenues, less mandatorily redeemable preferred interest		760,570		776,309		730,634		746,875		706,575		723,034		758,122		772,551
Floor brokerage and clearing fees		29,106		44,845		30,280		46,521		32,921		49,380		27,838		42,267
Other expenses		16,480		16,480		12,433		12,433		18,587		18,587		14,998		14,998
Total non-compensation expenses		186,191		201,930		167,874		184,115		176,452		192,911		162,792		177,221
Total non-interest expenses		646,595		662,334		608,265		624,506		599,993		616,452		609,253		623,682
Earnings before income taxes		113,975		113,975		122,369		122,369		106,582		106,582		148,869		148,869
Income tax expense		34,243		34,243		44,048		44,048		38,203		38,203		52,152		52,152
Net earnings		79,732		79,732		78,321		78,321		68,379		68,379		96,717		96,717
Net earnings attributable to common shareholders		71,604		71,604		70,171		70,171		63,498		63,498		77,136		77,136