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Loans to and Investments In Associated Companies (Tables)
 3 Months Ended
Feb. 28, 2019
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 three months ended February 28, 2019 and March 31, 2018 is as follows (in thousands):
 
Loans to and investments in associated companies as of beginning of period
 
Income (losses) related to associated companies
 
Income (losses) related to Jefferies Group's associated companies (1)
 
Contributions to (distributions from) associated companies, net
 
Other
 
Loans to and investments in associated companies as of end of period
 
 
 
 
 
 
 
 
 
 
 
 
2019
 
 
 
 
 
 
 
 
 
 
 
Jefferies Finance
$
728,560

 
$
—

 
$
(6,999
)
 
$
(71,348
)
 
$
—

 
$
650,213

Berkadia (2)
245,228

 
—

 
22,649

 
(17,323
)
 
172

 
250,726

National Beef
653,630

 
27,105

 
—

 
(25,596
)
 
3

 
655,142

FXCM (3)
75,031

 
(2,716
)
 
—

 
—

 
187

 
72,502

Linkem
165,157

 
(1,621
)
 
—

 
32,578

 
1,030

 
197,144

HomeFed
337,542

 
1,983

 
—

 
—

 
—

 
339,525

Other
212,184

 
2,562

 
(4,313
)
 
5,728

 
(387
)
 
215,774

Total
$
2,417,332

 
$
27,313

 
$
11,337

 
$
(75,961
)
 
$
1,005

 
$
2,381,026

 
 
 
 
 
 
 
 
 
 
 
 
2018
 
 
 
 
 
 
 
 
 
 
 
Jefferies Finance
$
655,467

 
$
—

 
$
9,833

 
$
139,386

 
$
—

 
$
804,686

Berkadia (2)
210,594

 
26,281

 
—

 
(17,212
)
 
(453
)
 
219,210

FXCM (3)
158,856

 
(8,224
)
 
—

 
—

 
239

 
150,871

Garcadia companies (4)
179,143

 
11,383

 
—

 
(9,727
)
 
—

 
180,799

Linkem
192,136

 
(7,455
)
 
—

 
542

 
8,024

 
193,247

HomeFed
341,874

 
11,610

 
—

 
—

 
—

 
353,484

Other
328,759

 
(1,495
)
 
(4,228
)
 
6,061

 
1,676

 
330,773

Total
$
2,066,829

 
$
32,100

 
$
5,605

 
$
119,050

 
$
9,486

 
$
2,233,070



(1)
Primarily classified in Investment banking revenues and Other revenues.
(2)
In the fourth quarter of 2018, we transferred our interest in Berkadia to Jefferies Group.
(3)
As further described in Note 3, our investment in FXCM includes both our equity method investment in FXCM and our term loan with FXCM. Our equity method investment is included in Loans to and investments in associated companies and our term loan is included in Trading assets, at fair value in our Consolidated Statements of Financial Condition.
(4)
During the third quarter of 2018, we sold 100% of our equity interests in Garcadia and our associated real estate to our former partners, the Garff family.

Income (losses) related to associated companies includes the following (in thousands):
 
 
For the Three Months Ended
 
 
February 28, 2019
 
March 31, 2018
National Beef
 
$
27,105

 
$
—

Berkadia
 
—

 
26,281

FXCM
 
(2,716
)
 
(8,224
)
Garcadia companies
 
—

 
11,383

Linkem
 
(1,621
)
 
(7,455
)
HomeFed
 
1,983

 
11,610

Other
 
2,562

 
(1,495
)
Total
 
$
27,313

 
$
32,100


Income (losses) related to Jefferies Group's associated companies (primarily classified in Investment banking revenues and Other revenues) includes the following (in thousands):
 
 
For the Three Months Ended
 
 
February 28, 2019
 
March 31, 2018
Jefferies Finance
 
$
(6,999
)
 
$
9,833

Berkadia
 
22,649

 
—

Other
 
(4,313
)
 
(4,228
)
Total
 
$
11,337

 
$
5,605
Schedule of Equity Method Investments
The following table provides required summarized data for Jefferies Finance and Berkadia for both the three months ended February 28, 2019 and March 31, 2018. The table also provides required summarized data for National Beef for the three months ended February 28, 2019 (in thousands):
 
For the Three Months Ended
 
February 28, 2019
 
March 31, 2018
Revenues
$
2,082,765

 
$
266,339

Income from continuing operations before extraordinary items
$
141,516

 
$
99,811

Net income
$
141,516

 
$
99,811