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Schedule I (PARENT COMPANY ONLY) - CONDENSED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (Details) - USD ($)
$ in Thousands
 12 Months Ended
Nov. 30, 2022
Nov. 30, 2021
Nov. 30, 2020
Revenues      
Revenues from contracts with customers: $ 4,742,858 $ 6,141,801 $ 3,923,227
Total revenues 7,149,263 8,945,464 [1] 6,880,447 [1]
Interest expense 1,170,425 931,638 [1] 1,029,926 [1]
Net revenues 5,978,838 8,013,826 [1] 5,850,521 [1]
Non-interest expenses      
Total non-interest expenses 4,923,276 5,759,721 [1] 4,783,438 [1]
Earnings before income taxes 1,055,562 2,254,105 [1] 1,067,083 [1]
Income tax expense (benefit) 273,852 576,729 [1] 298,673 [1]
Net earnings 781,710 1,677,376 [1] 768,410 [1]
Preferred stock dividends 8,281 6,949 [1] 5,634 [1]
Net earnings attributable to Jefferies Financial Group Inc. 777,168 1,667,403 [1] 769,605 [1]
Other comprehensive income (loss), net of tax:      
Currency translation and other adjustments [2] (53,572) (9,781) 35,991
Change in fair value of instrument specific credit risk [3] 49,146 (82,521) (52,262)
Minimum pension liability adjustments, net of tax [4] 3,311 9,320 21
Unrealized gain (loss) on available-for-sale securities (6,161) (244) 372
Total other comprehensive loss, net of tax [5] (7,276) (83,226) (15,878)
Comprehensive income attributable to Jefferies Financial Group Inc. common shareholders 769,892 1,584,177 753,727
Investment banking      
Revenues      
Revenues from contracts with customers: 2,807,822 4,365,699 2,501,494
Total revenues 2,807,822 4,365,699 [1] 2,501,494 [1]
Parent company      
Revenues      
Principal transactions (61,407) 98,373 111,688
Interest 317,020 213,910 217,159
Other (66,539) 101,203 (43,375)
Total revenues 189,074 413,486 285,472
Interest expense 317,916 318,138 338,535
Net revenues (128,842) 95,348 (53,063)
Non-interest expenses      
Total non-interest expenses 69,962 147,761 85,339
Earnings before income taxes (198,804) (52,413) (138,402)
Income tax expense (benefit) (78,338) (11,806) (35,770)
Net earnings (120,466) (40,607) (102,632)
Undistributed earnings of subsidiaries 905,915 1,714,959 877,871
Net earnings 785,449 1,674,352 775,239
Preferred stock dividends 8,281 6,949 5,634
Net earnings attributable to Jefferies Financial Group Inc. 777,168 1,667,403 769,605
Other comprehensive income (loss), net of tax:      
Currency translation and other adjustments (53,572) (9,781) 35,991
Change in fair value of instrument specific credit risk 49,146 (82,521) (52,262)
Minimum pension liability adjustments, net of tax 3,311 9,320 21
Unrealized gain (loss) on available-for-sale securities (6,161) (244) 372
Total other comprehensive loss, net of tax (7,276) (83,226) (15,878)
Comprehensive income attributable to Jefferies Financial Group Inc. common shareholders $ 769,892 $ 1,584,177 $ 753,727
[1] See Note 1 for a description of financial statement presentation changes made as a result of our Merger with Jefferies Group.
[2] The amounts include income tax benefits (expenses) of approximately $15.6 million, $0.6 million and $(11.4) million during the years ended November 30, 2022, 2021 and 2020, respectively.
[3] The amounts include income tax benefits (expenses) of approximately $(15.6) million, $26.7 million and $16.4 million for the years ended November 30, 2022, 2021 and 2020, respectively. The amounts for the years ended November 30, 2022, 2021 and 2020 include net gains (losses) of $0.1 million, $(1.9) million and $(0.4) million, respectively, net of tax benefits (expenses) of $41 thousand, $0.6 million and $0.1 million, respectively, for fair value changes related to instrument specific risk, which were reclassified to Principal transactions revenues within the Consolidated Statements of Earnings.
[4] The amounts include income tax benefits (expense) of $(1.2) million, $(3.1) million and $13 thousand for the years ended November 30, 2022, 2021 and 2020, respectively. The amounts during the years ended November 30, 2022, 2021 and 2020, include pension net losses of $2.5 million, $3.1 million and $2.9 million, respectively, net of tax benefits of $0.8 million, $1.1 million and $1.0 million, respectively, which were reclassified to Compensation and benefits expenses within the Consolidated Statements of Earnings.
[5] None of the components of other comprehensive income (loss) are attributable to noncontrolling interests, redeemable noncontrolling interest or preferred stock dividends.