Investments In Associated Companies (Tables)

3 Months Ended

Mar. 31, 2012

Investments In Associated Companies [Abstract]

Schedule Of Investments In Associated Companies

	March 31,		December 31,
	2012		2011
	(In thousands)
Investments in associated companies accounted for
under the equity method of accounting:
Jefferies High Yield Holdings, LLC ("JHYH")	$	332,956	$	323,262
Berkadia Commercial Mortgage LLC ("Berkadia")		206,144		193,496
Garcadia		75,318		72,303
Linkem S.p.A. ("Linkem")		79,188		86,332
HomeFed Corporation ("HomeFed")		47,378		47,493
Brooklyn Renaissance Plaza		32,372		31,931
Other		36,792		38,949
Total accounted for under the equity method of accounting		810,148		793,766
Investments in associated companies carried at fair value:
Jefferies Group, Inc. ("Jefferies")		1,092,834		797,583
Mueller Industries, Inc. ("Mueller")		473,719		400,446
Total accounted for at fair value		1,566,553		1,198,029
Total investments in associated companies	$	2,376,701	$	1,991,795

Schedule Of Income (Losses) Related To Associated Companies

	2012			2011
	(In thousands)
Jefferies	$	299,601		$	(79,702	)
Mueller		74,315			–
JHYH		9,694			14,928
Berkadia		11,820			14,659
Garcadia		8,094			4,295
Linkem		(4,190	)		–
HomeFed		(115	)		(18	)
Brooklyn Renaissance Plaza		441			643
Other		2,248			1,023
Income (losses) related to associated companies
before income taxes		401,908			(44,172	)
Income tax provision (benefit)		139,369			(16,124	)
Income (losses) related to associated companies,
net of taxes	$	262,539		$	(28,048	)

Schedule Of Summarized Data For Investments In Associated Companies

	2012		2011
	(In thousands)
Jefferies:
Total revenues	$	1,006,800	$	966,700
Income from continuing operations before extraordinary items		77,100		87,300
Net income		77,100		87,300
JHYH:
Total revenues	$	56,900	$	73,000
Income from continuing operations before extraordinary items		36,400		47,800
Net income		36,400		47,800
Berkadia:
Total revenues	$	95,800	$	85,600
Income from continuing operations before extraordinary items		25,900		19,200
Net income		25,900		19,200