XML 35 R23.htm IDEA: XBRL DOCUMENT v3.19.2
Compensation Plans
 6 Months Ended
May 31, 2019
Compensation Related Costs [Abstract]  
Compensation Plans Compensation Plans
Jefferies sponsors our following share-based compensation plans: Incentive Compensation Plan, Employee Stock Purchase Plan and the Deferred Compensation Plan. The outstanding and future share-based awards relating to these plans relate to Jefferies common shares. The fair value of share-based awards is estimated on the date of grant based on the market price of the underlying common stock less the impact of market conditions and selling restrictions subsequent to vesting, if any, and is amortized as compensation expense over the related requisite service periods. We are allocated costs associated with awards granted to our employees under such plans.
In addition, we sponsor non-share-based compensation plans. Non-share-based compensation plans sponsored by us include a profit sharing plan and other forms of restricted cash awards.
The components of total compensation cost associated with certain of our compensation plans are as follows (in millions):
 
Three Months Ended 
 May 31,
 
Six Months Ended 
 May 31,
 
2019
 
2018
 
2019
 
2018
Components of compensation cost:
 
 
 
 
 
 
 
Restricted cash awards
$
66.6

 
$
55.2

 
$
132.8

 
$
123.6

Restricted stock and RSUs (1)
6.5

 
6.7

 
13.0

 
14.0

Profit sharing plan
1.3

 
1.3

 
5.2

 
4.5

Total compensation cost
$
74.4

 
$
63.2

 
$
151.0

 
$
142.1

(1)
Total compensation cost associated with restricted stock and restricted stock units (“RSUs”) includes the amortization of sign-on, retention and senior executive awards, less forfeitures and clawbacks.
Remaining unamortized amounts related to certain compensation plans at May 31, 2019 are as follows (dollars in millions):
 
Remaining Unamortized Amounts
 
Weighted Average Vesting Period (in Years)
Non-vested share-based awards
$
55.0

 
3
Restricted cash awards
550.9

 
3
Total
$
605.9

 
 

For detailed descriptions on the Company’s compensation plans, see Note 15, Compensation Plans, in our consolidated financial statements included in Part II, Item 8 of our Annual Report on Form 10-K for the year ended November 30, 2018.