Selected Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2011

Selected Quarterly Financial Data (Unaudited) [Abstract]

Selected Quarterly Financial Data (Unaudited)

27.      Selected Quarterly Financial Data (Unaudited):

	First			Second			Third			Fourth
	Quarter			Quarter			Quarter			Quarter
	(In thousands, except per share amounts)
2011
Revenues and other income	$	251,950		$	721,322		$	199,751		$	261,599
Income (loss) from continuing operations	$	9,916		$	182,513		$	(293,815	)	$	114,484
Income (loss) from discontinued operations, net of taxes	$	791		$	3,100		$	1,690		$	(8	)
Gain on disposal of discontinued operations, net of taxes	$	79		$	845		$	773		$	4,588
Net (income) loss attributable to the noncontrolling interest	$	(279	)	$	(149	)	$	330		$	373
Net income (loss)	$	10,507		$	186,309		$	(291,022	)	$	119,437
Basic earnings (loss) per common share attributable to
Leucadia National Corporation common shareholders:
Income (loss) from continuing operations	$	.04		$	.75		$	(1.20	)	$	.47
Income (loss) from discontinued operations		-			.01			.01			-
Gain on disposal of discontinued operations		-			-			-			.02
Net income (loss)	$	.04		$	.76		$	(1.19	)	$	.49
Number of shares used in calculation		244,082			244,521			244,580			244,583
Diluted earnings (loss) per common share attributable to
Leucadia National Corporation common shareholders:
Income (loss) from continuing operations	$	.04		$	.74		$	(1.20	)	$	.46
Income (loss) from discontinued operations		-			.01			.01			-
Gain on disposal of discontinued operations		-			-			-			.02
Net income (loss)	$	.04		$	.75		$	(1.19	)	$	.48
Number of shares used in calculation		244,620			249,026			244,580			248,874

2010
Revenues and other income	$	238,505		$	259,941		$	154,015		$	550,983
Income (loss) from continuing operations	$	207,145		$	(247,227	)	$	267,351		$	1,673,405
Income (loss) from discontinued operations, net of taxes	$	(15,640	)	$	10,949		$	(17,263	)	$	519
Gain on disposal of discontinued operations, net of taxes	$	-		$	-		$	39,882		$	21,115
Net (income) loss attributable to the noncontrolling interest	$	(26	)	$	1,134		$	(2,215	)	$	183
Net income (loss)	$	191,479		$	(235,144	)	$	287,755		$	1,695,222
Basic earnings (loss) per common share attributable to
Leucadia National Corporation common shareholders:
Income (loss) from continuing operations	$	.85		$	(1.01	)	$	1.10		$	6.87
Income (loss) from discontinued operations		(.06	)		.04			(.07	)		-
Gain on disposal of discontinued operations		-			-			.15			.09
Net income (loss)	$	.79		$	(.97	)	$	1.18		$	6.96
Number of shares used in calculation		243,291			243,312			243,317			243,546
Diluted earnings (loss) per common share attributable to
Leucadia National Corporation common shareholders:
Income (loss) from continuing operations	$	.84		$	(1.01	)	$	1.09		$	6.76
Income (loss) from discontinued operations		(.06	)		.04			(.07	)		-
Gain on disposal of discontinued operations		-			-			.15			.08
Net income (loss)	$	.78		$	(.97	)	$	1.17		$	6.84
Number of shares used in calculation		247,594			243,312			247,572			247,847

Income (loss) from continuing operations includes a credit to income tax expense of $1,157,111,000 in the fourth quarter of 2010, resulting from the reversal of a portion of the deferred tax valuation allowance.  Income (loss) from continuing operations includes a credit to income tax expense of $11,594,000 in the third quarter of 2010, resulting from the reversal of deferred federal minimum tax liabilities which had been recorded in prior periods.

In 2011 and 2010, the totals of quarterly per share amounts do not equal annual per share amounts because of changes in outstanding shares during the year.