Organization and Basis of Presentation (Tables)

6 Months Ended

May 31, 2023

Schedule of Error Corrections and Prior Period Adjustments

The following table sets forth our Consolidated Statements of Earnings for the three and six months ended May 31, 2022 as originally reported and as revised and presented within these consolidated financial statements as a result of the reclassifications (in thousands):


	Three Months Ended May 31, 2022						Six Months Ended May 31, 2022
	As Originally Reported		Increases/ Decreases due to reclassifications		As Revised		As Originally Reported		Increases/Decreases due to reclassifications		As Revised
Principal transactions	$	204,589	$	(7,594)	$	196,995	$	453,744	$	(13,577)	$	440,167
Asset management fees and revenues	—		14,129		14,129		—		53,680		53,680
Interest	244,699		352		245,051		458,680		655		459,335
Other	313,294		(28,588)		284,706		618,594		(92,444)		526,150
Total revenues	1,618,147		(21,700)		1,596,446		3,560,947		(51,685)		3,509,261
Interest expense	249,065		9,311		258,376		459,950		18,399		478,349
Net revenues	1,369,082		(31,012)		1,338,070		3,100,997		(70,085)		3,030,912
Compensation and benefits	578,477		1,101		579,578		1,368,161		2,169		1,370,330
Interest expense	9,311		(9,311)		—		18,399		(18,399)		—
Selling, general and other expenses	328,281		(328,281)		—		613,538		(613,538)		—
Underwriting costs	—		13,191		13,191		—		21,319		21,319
Technology and communications	—		111,113		111,113		—		218,129		218,129
Occupancy and equipment rental	—		26,027		26,027		—		52,992		52,992
Business development	—		44,695		44,695		—		71,567		71,567
Professional services	—		55,766		55,766		—		108,508		108,508
Other expenses	—		76,387		76,387		—		138,853		138,853
Total expenses	1,180,841		(9,312)		1,171,529		2,490,439		(18,400)		2,472,039
Income (loss) related to associated companies	(21,700)		21,700		—		(51,685)		51,685		—