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Segment Information (Tables)
 6 Months Ended
May 31, 2019
Segment Reporting [Abstract]  
Schedule Of Segment Reporting Information, By Segment
Certain information concerning our segments is presented in the following table. Consolidated subsidiaries are reflected as of the date a majority controlling interest was acquired. As discussed above, Jefferies Group is reflected in our consolidated financial statements utilizing a one month lag for the three and six months ended June 30, 2018.
 
For the Three Months Ended
 
For the Six Months Ended
 
May 31, 2019
 
June 30, 2018
 
May 31, 2019
 
June 30, 2018
 
(In thousands)
Net revenues:
 
 
 
 
 
 
 
Reportable Segments:
 
 
 
 
 
 
 
Jefferies Group (1)
$
901,851

 
$
822,557

 
$
1,587,569

 
$
1,643,803

Merchant Banking (1)
187,324

 
86,417

 
323,662

 
160,318

Corporate
8,974

 
2,994

 
13,167

 
6,061

Total net revenues related to reportable segments
1,098,149


911,968

 
1,924,398

 
1,810,182

Consolidation adjustments
3,508

 
(809
)
 
5,702

 
(3,588
)
Total consolidated net revenues
$
1,101,657


$
911,159

 
$
1,930,100

 
$
1,806,594

 
 
 
 
 
 
 
 
Income (loss) from continuing operations before income taxes:
 

 
 

 
 

 
 

Reportable Segments:
 

 
 

 
 

 
 

Jefferies Group (1)
$
155,138

 
$
121,865

 
$
217,723

 
$
244,603

Merchant Banking (1)
51,224

 
(50,058
)
 
71,329

 
(99,315
)
Corporate
(13,885
)
 
(21,215
)
 
(35,228
)
 
(42,740
)
Income from continuing operations before income taxes related to reportable segments
192,477


50,592

 
253,824

 
102,548

Parent Company interest
(14,766
)
 
(14,750
)
 
(29,528
)
 
(29,496
)
Consolidation adjustments
5,768

 
1,673

 
8,500

 
2,226

Total consolidated income from continuing operations before income taxes
$
183,479


$
37,515

 
$
232,796

 
$
75,278

 
 
 
 
 
 
 
 
Depreciation and amortization expenses:
 

 
 

 
 

 
 

Reportable Segments:
 

 
 

 
 

 
 

Jefferies Group (1)
$
18,968

 
$
17,288

 
$
36,630

 
$
33,654

Merchant Banking (1)
16,951

 
13,740

 
32,368

 
24,664

Corporate
867

 
877

 
1,722

 
1,747

Total consolidated depreciation and amortization expenses
$
36,786


$
31,905

 
$
70,720

 
$
60,065

 
(1)
Amounts related to LAM and Berkadia are included in Merchant Banking prior to their transfer to Jefferies Group in the fourth quarter of 2018. For the three and six months ended June 30, 2018, net revenues related to the net assets transferred were $15.8 million and $(20.8) million, respectively, and income from continuing operations before income taxes related to the net assets transferred was $29.8 million and $9.1 million, respectively.