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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Feb. 28, 2021
Feb. 29, 2020
Statement of Comprehensive Income [Abstract]    
Net earnings $ 493,865 $ 171,365
Other comprehensive income (loss), net of tax:    
Currency translation and other adjustments [1] 10,939 (8,996)
Changes in instrument specific credit risk [2] (69,436) 22,996
Unrealized gain (loss) on available-for-sale securities [3] (60) 237
Total other comprehensive income (loss), net of tax [4] (58,557) 14,237
Comprehensive income 435,308 185,602
Net loss attributable to noncontrolling interests (203) (2,024)
Comprehensive income attributable to Jefferies Group LLC $ 435,511 $ 187,626
[1] The amounts include income tax benefits (expenses) of approximately $(3.2) million and $3.1 million during the three months ended February 28, 2021 and February 29, 2020, respectively.
[2] The amounts include income tax benefits (expenses) of approximately $22.3 million and $(7.9) million during the three months ended February 28, 2021 and February 29, 2020, respectively. The amount during the three months ended February 28, 2021 also includes a net loss of $0.2 million, net of an income tax benefit of $0.1 million, and the amount during the three months ended February 29, 2020 also includes a net loss of $0.3 million, net of an income tax benefit of $0.1 million, related to changes in instrument specific risk, which were reclassified to Principal transactions revenues in our Consolidated Statements of Earnings.
[3] The amount includes income tax expense of $0.1 million during the three months ended February 29, 2020.
[4] None of the components of other comprehensive income (loss) are attributable to noncontrolling interests.