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Loans to and Investments In Associated Companies (Tables)
9 Months Ended
Sep. 30, 2017
Equity Method Investments and Joint Ventures [Abstract]  
Schedule of Loans to and Investments in Associated Companies
A summary of Loans to and investments in associated companies accounted for under the equity method of accounting during the nine months ended September 30, 2017 and 2016 is as follows (in thousands):

 
Loans to and investments in associated companies as of January 1,
 
Income (losses) related to associated companies
 
Income (losses) related to Jefferies associated companies (1)
 
Contributions to (distributions from) associated companies, net
 
Other, including foreign exchange and unrealized gains (losses)
 
Loans to and investments in associated companies as of September 30,
 
 
 
 
 
 
 
 
 
 
 
 
2017
 
 
 
 
 
 
 
 
 
 
 
Jefferies Finance
$
490,464

 
$

 
$
63,685

 
$
109,899

 
$

 
$
664,048

Jefferies LoanCore
154,731

 

 
8,030

 
43,714

 
1,095

 
207,570

Berkadia
184,443

 
67,979

 

 
(52,300
)
 
(174
)
 
199,948

FXCM
336,258

 
(166,360
)
 

 

 
731

 
170,629

Garcadia Companies
185,815

 
38,536

 

 
(40,955
)
 

 
183,396

Linkem
154,000

 
(26,557
)
 

 
31,996

 
33,979

 
193,418

HomeFed
302,231

 
9,922

 

 
31,918

 

 
344,071

Golden Queen (2)
111,302

 
(3,684
)
 

 
(59
)
 

 
107,559

54 Madison (3)
161,400

 
(4,495
)
 

 
21,159

 

 
178,064

Other
44,454

 
246

 
(6,392
)
 
58,477

 
5,492

 
102,277

Total
$
2,125,098

 
$
(84,413
)
 
$
65,323

 
$
203,849

 
$
41,123

 
$
2,350,980

 
 
 
 
 
 
 
 
 
 
 
 
2016
 
 
 
 
 
 
 
 
 
 
 
Jefferies Finance
$
528,575

 
$

 
$
(26,000
)
 
$
(19,300
)
 
$

 
$
483,275

Jefferies LoanCore
288,741

 

 
11,186

 
(133,635
)
 

 
166,292

Berkadia
190,986

 
59,456

 

 
(70,847
)
 
291

 
179,886

FXCM

 

 

 

 
334,500

 
334,500

Garcadia Companies
172,660

 
43,501

 

 
(22,562
)
 

 
193,599

Linkem
150,149

 
(20,709
)
 

 
33,297

 
4,155

 
166,892

HomeFed
275,378

 
23,146

 

 

 

 
298,524

Golden Queen
114,323

 
(1,608
)
 

 

 

 
112,715

54 Madison

 
3,389

 

 
123,731

 
3,642

 
130,762

Other
36,557

 
1,270

 
(1,048
)
 
5,265

 
(3,401
)
 
38,643

Total
$
1,757,369

 
$
108,445

 
$
(15,862
)
 
$
(84,051
)
 
$
339,187

 
$
2,105,088



(1)
Primarily classified in Investment banking revenues and Other revenues.
(2)
At September 30, 2017 and December 31, 2016, the balance reflects $31.7 million and $32.8 million, respectively, related to a noncontrolling interest.
(3)
At September 30, 2017 and December 31, 2016, the balance reflects $105.0 million and $95.3 million, respectively, related to noncontrolling interests.
Income (losses) related to associated companies includes the following (in thousands):
 
For the Three Months Ended September 30,
 
For the Nine Months Ended September 30,
 
2017
 
2016
 
2017
 
2016
Berkadia
$
34,839

 
$
26,004

 
$
67,979

 
$
59,456

FXCM
(4,345
)
 

 
(166,360
)
 

Garcadia companies
12,565

 
14,233

 
38,536

 
43,501

Linkem
(9,533
)
 
(5,836
)
 
(26,557
)
 
(20,709
)
HomeFed
238

 
800

 
9,922

 
23,146

Golden Queen
(1,975
)
 
56

 
(3,684
)
 
(1,608
)
54 Madison
(331
)
 
906

 
(4,495
)
 
3,389

Other
(1,401
)
 
340

 
246

 
1,270

Total
$
30,057

 
$
36,503

 
$
(84,413
)
 
$
108,445


Income (losses) related to Jefferies associated companies (primarily classified in Investment banking revenues and Other revenues) includes the following (in thousands):
 
For the Three Months Ended September 30,
 
For the Nine Months Ended September 30,
 
2017
 
2016
 
2017
 
2016
Jefferies Finance
$
13,509

 
$
12,481

 
$
63,685

 
$
(26,000
)
Jefferies LoanCore
1,656

 
3,172

 
8,030

 
11,186

Other
(4,337
)
 
(263
)
 
(6,392
)
 
(1,048
)
Total
$
10,828

 
$
15,390

 
$
65,323

 
$
(15,862
)
Schedule of Equity Method Investments
The following table provides summarized data for certain associated companies (Jefferies Finance, Jefferies LoanCore, Berkadia, Garcadia, Linkem and HomeFed) (in thousands):
 
For the Nine Months Ended September 30,
 
2017
 
2016
Revenues
$
3,101,152

 
$
2,839,721

Income from continuing operations before extraordinary items
$
291,261

 
$
161,514

Net income
$
291,261

 
$
165,184