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Loans to and Investments in Associated Companies (Tables)
 12 Months Ended
Dec. 31, 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 for the years ended December 31, 2017, 2016 and 2015 accounted for under the equity method of accounting is as follows (in thousands):
 
Loans to and investments in associated companies as of December 31, 2016
 
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 December 31, 2017
 
 
 
 
 
 
 
 
 
 
 
 
Jefferies Finance
$
490,464

 
$
—

 
$
90,204

 
$
74,799

 
$
—

 
$
655,467

Jefferies LoanCore (2)
154,731

 
—

 
22,368

 
(3,994
)
 
(173,105
)
 
—

Berkadia
184,443

 
93,801

 
—

 
(67,384
)
 
(266
)
 
210,594

FXCM
336,258

 
(177,644
)
 
—

 
—

 
242

 
158,856

Garcadia Companies
185,815

 
48,198

 
—

 
(54,870
)
 
—

 
179,143

Linkem
154,000

 
(32,561
)
 
—

 
31,996

 
38,701

 
192,136

HomeFed
302,231

 
7,725

 
—

 
31,918

 
—

 
341,874

Golden Queen (3)
111,302

 
(7,733
)
 
—

 
1,436

 
—

 
105,005

54 Madison (4) (5)
161,400

 
(6,224
)
 
—

 
35,204

 
(67,370
)
 
123,010

Other
44,454

 
(463
)
 
(3,177
)
 
31,837

 
28,093

 
100,744

Total
$
2,125,098

 
$
(74,901
)
 
$
109,395

 
$
80,942

 
$
(173,705
)
 
$
2,066,829


 
Loans to and investments in associated companies as of December 31, 2015
 
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 December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
Jefferies Finance
$
528,575

 
$
—

 
$
(1,761
)
 
$
(36,350
)
 
$
—

 
$
490,464

Jefferies LoanCore
288,741

 
—

 
21,221

 
(155,231
)
 
—

 
154,731

Berkadia
190,986

 
94,201

 
—

 
(100,766
)
 
22

 
184,443

FXCM (6)
—

 
1,919

 
—

 
—

 
334,339

 
336,258

Garcadia Companies
172,660

 
52,266

 
—

 
(39,111
)
 
—

 
185,815

Linkem
150,149

 
(22,867
)
 
—

 
33,303

 
(6,585
)
 
154,000

HomeFed
275,378

 
23,893

 
—

 
2,960

 
—

 
302,231

Golden Queen (3)
114,323

 
(3,021
)
 
—

 
—

 
—

 
111,302

54 Madison (4)
—

 
4,255

 
—

 
153,503

 
3,642

 
161,400

Other
36,557

 
3,952

 
(2,276
)
 
9,622

 
(3,401
)
 
44,454

Total
$
1,757,369

 
$
154,598

 
$
17,184

 
$
(132,070
)
 
$
328,017

 
$
2,125,098


 
Loans to and investments in associated companies as of December 31, 2014
 
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 December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
Jefferies Finance
$
508,891

 
$
—

 
$
40,884

 
$
(21,200
)
 
$
—

 
$
528,575

Jefferies LoanCore
258,947

 
—

 
36,554

 
(6,760
)
 
—

 
288,741

Berkadia
208,511

 
78,092

 
—

 
(89,560
)
 
(6,057
)
 
190,986

Garcadia Companies
167,939

 
53,182

 
—

 
(48,461
)
 
—

 
172,660

Linkem
159,054

 
(15,577
)
 
—

 
21,138

 
(14,466
)
 
150,149

HomeFed
271,782

 
3,596

 
—

 
—

 
—

 
275,378

Golden Queen (3)
103,598

 
(1,775
)
 
—

 
12,500

 
—

 
114,323

Other
33,846

 
(7,237
)
 
(1,721
)
 
11,483

 
186

 
36,557

Total
$
1,712,568

 
$
110,281

 
$
75,717

 
$
(120,860
)
 
$
(20,337
)
 
$
1,757,369


(1)
Primarily classified in Investment banking revenues and Other revenues.
(2)
On October 31, 2017, Jefferies sold all of its membership interests in Jefferies LoanCore for approximately $173.1 million.
(3)
At December 31, 2017, 2016 and 2015, the balance reflects $30.5 million, $32.8 million and $33.7 million, respectively, related to a noncontrolling interest.
(4)
At December 31, 2016, the balance reflects $95.3 million related to noncontrolling interests.
(5)
As discussed further below, on November 30, 2017, we sold our interest in the general partner of the 54 Madison fund and as a result no longer control the 54 Madison investment committee. We retained two of the four seats on the investment committee and continue to have significant influence over the fund. We therefore deconsolidated the 54 Madison fund and account for our interest under the equity method of accounting.
(6)
As discussed more fully in Note 4, in 2016, we amended the terms of our loan and associated rights with FXCM. Through the amendments, we converted our participation rights for a 50% voting interest in FXCM. Our term loan remains classified within Trading assets, at fair value.
Schedule Of Summarized Data For Investments In Associated Companies
The following table provides summarized data for associated companies as of December 31, 2017 and 2016 and for the three years ended December 31, 2017 (in thousands):
 
2017
 
2016
 
 
 
 
 
 
 
 
Assets
$
16,340,643

 
$
16,964,850

 
 
Liabilities
11,920,465

 
13,097,022

 
 
Noncontrolling interest
169,274

 
132,789

 
 
 
 
 
 
 
 
 
2017
 
2016
 
2015
 
 
 
 
 
 
Revenues
$
4,883,063

 
$
4,275,016

 
$
3,946,252

Income from continuing operations before extraordinary items
503,489

 
422,167

 
398,369

Net income
438,881

 
430,291

 
398,369

The Company’s income related to associated companies
34,494

 
171,782

 
185,998