XML 28 R62.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Common Shares and Earnings Per Common Share (Tables)
 12 Months Ended
Nov. 30, 2019
Earnings Per Share [Abstract]  
Earnings Per Share Computation The numerators and denominators used to calculate basic and diluted earnings per share are as follows (in thousands):
 
Twelve Months Ended November 30, 2019
 
Eleven Months Ended November 30, 2018
 
Twelve Months Ended December 31, 2017
Numerator for earnings per share:
 
 
 
 
 
Net income attributable to Jefferies Financial Group Inc. common shareholders
$
959,593

 
$
1,022,318

 
$
167,351

Allocation of earnings to participating securities (1)
(5,576
)
 
(5,107
)
 
(610
)
Net income attributable to Jefferies Financial Group Inc. common shareholders for basic earnings per share
954,017

 
1,017,211

 
166,741

Adjustment to allocation of earnings to participating securities related to diluted shares (1)
(5
)
 
28

 
(14
)
Mandatorily redeemable convertible preferred share dividends
5,103

 
—

 
—

Net income attributable to Jefferies Financial Group Inc. common shareholders for diluted earnings per share
$
959,115

 
$
1,017,239

 
$
166,727

 
 
 
 
 
 
Denominator for earnings per share:
 

 
 

 
 

Weighted average common shares outstanding
297,796

 
337,817

 
358,482

Weighted average shares of restricted stock outstanding with future service required
(1,939
)
 
(1,707
)
 
(1,349
)
Weighted average RSUs outstanding with no future service required
14,837

 
11,151

 
11,064

Denominator for basic earnings per share – weighted average shares
310,694

 
347,261

 
368,197

Stock options
—

 
7

 
24

Senior executive compensation plan awards
2,140

 
4,007

 
2,480

Mandatorily redeemable convertible preferred shares
4,198

 
—

 
—

Denominator for diluted earnings per share
317,032

 
351,275

 
370,701

(1)
Represents dividends declared during the period on participating securities plus an allocation of undistributed earnings to participating securities. Net losses are not allocated to participating securities. Participating securities represent restricted stock and RSUs for which requisite service has not yet been rendered and amounted to weighted average shares of 1,947,600, 1,724,800 and 1,401,000 for the twelve months ended November 30, 2019, the eleven months ended November 30, 2018 and the twelve months ended December 31, 2017, respectively. Dividends declared on participating securities were $3.6 million during the twelve months ended November 30, 2019 and were not material during the eleven months ended November 30, 2018 and the twelve months ended December 31, 2017. Undistributed earnings are allocated to participating securities based upon their right to share in earnings if all earnings for the period had been distributed.