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Selected Quarterly Financial Data
12 Months Ended
Dec. 31, 2015
Selected Quarterly Financial Information [Abstract]  
Selected Quarterly Financial Data
Selected Quarterly Financial Data (Unaudited)
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
 
(In thousands, except per share amounts)
2015
 
 
 
 
 
 
 
Net revenues
$
3,184,683

 
$
2,839,463

 
$
2,366,096

 
$
2,496,216

Income (loss) from continuing operations
$
374,429

 
$
15,034

 
$
(181,912
)
 
$
39,038

Income from discontinued operations, net of taxes
$

 
$

 
$
429

 
$

Gain on disposal of discontinued operations, net of taxes
$

 
$

 
$
1,300

 
$
3,793

Net loss attributable to the noncontrolling interest
$
234

 
$
356

 
$
1,238

 
$
3,168

Net loss attributable to the redeemable noncontrolling interests
$
7,112

 
$
2,031

 
$
6,788

 
$
10,612

Preferred stock dividends
$
(1,016
)
 
$
(1,015
)
 
$
(1,016
)
 
$
(1,016
)
Net income (loss) attributable to Leucadia National Corporation common shareholders
$
380,759

 
$
16,406

 
$
(173,173
)
 
$
55,595

 
 
 
 
 
 
 
 
Basic earnings (loss) per common share attributable to
 

 
 

 
 

 
 

Leucadia National Corporation common shareholders:
 

 
 

 
 

 
 

Income (loss) from continuing operations
$
1.00

 
$
0.04

 
$
(0.47
)
 
$
0.14

Income from discontinued operations

 

 

 

Gain on disposal of discontinued operations

 

 

 
0.01

Net income (loss)
$
1.00

 
$
0.04

 
$
(0.47
)
 
$
0.15

Number of shares used in calculation
373,541

 
373,654

 
372,547

 
369,840

 
 
 
 
 
 
 
 
Diluted earnings (loss) per common share attributable to
 

 
 

 
 

 
 

Leucadia National Corporation common shareholders:
 

 
 

 
 

 
 

Income (loss) from continuing operations
$
0.99

 
$
0.04

 
$
(0.47
)
 
$
0.14

Income from discontinued operations

 

 

 

Gain on disposal of discontinued operations

 

 

 
0.01

Net income (loss)
$
0.99

 
$
0.04

 
$
(0.47
)
 
$
0.15

Number of shares used in calculation
377,713

 
373,662

 
372,547

 
369,840

 
 
 
 
 
 
 
 
2014
 

 
 

 
 

 
 

Net revenues
$
2,942,524

 
$
2,851,963

 
$
3,003,643

 
$
2,688,355

Income (loss) from continuing operations
$
100,846

 
$
70,190

 
$
58,253

 
$
(14,038
)
Income (loss) from discontinued operations, net of taxes
$
(8,909
)
 
$
(4,240
)
 
$
(5,676
)
 
$
932

Gain (loss) on disposal of discontinued operations, net of taxes
$

 
$
500

 
$
7,685

 
$
(6,518
)
Net (income) loss attributable to the noncontrolling interest
$
(2,537
)
 
$
912

 
$
1,058

 
$
1,294

Net (income) loss attributable to the redeemable noncontrolling interests
$
5,932

 
$
(1,273
)
 
$
(5,625
)
 
$
9,582

Preferred stock dividends
$
(1,016
)
 
$
(1,015
)
 
$
(1,016
)
 
$
(1,015
)
Net income (loss) attributable to Leucadia National Corporation common shareholders
$
94,316

 
$
65,074

 
$
54,679

 
$
(9,763
)
 
 
 
 
 
 
 
 
Basic earnings (loss) per common share attributable to
 

 
 

 
 

 
 

Leucadia National Corporation common shareholders:
 

 
 

 
 

 
 

Income (loss) from continuing operations
$
0.27

 
$
0.18

 
$
0.14

 
$
(0.01
)
Income (loss) from discontinued operations
(0.02
)
 
(0.01
)
 
(0.02
)
 

Gain (loss) on disposal of discontinued operations

 

 
0.02

 
(0.02
)
Net income (loss)
$
0.25

 
$
0.17

 
$
0.14

 
$
(0.03
)
Number of shares used in calculation
368,487

 
371,979

 
373,347

 
373,617

 
 
 
 
 
 
 
 
Diluted earnings (loss) per common share attributable to
 

 
 

 
 

 
 

Leucadia National Corporation common shareholders:
 

 
 

 
 

 
 

Income (loss) from continuing operations
$
0.27

 
$
0.18

 
$
0.14

 
$
(0.01
)
Income (loss) from discontinued operations
(0.02
)
 
(0.01
)
 
(0.02
)
 

Gain (loss) on disposal of discontinued operations

 

 
0.02

 
(0.02
)
Net income (loss)
$
0.25

 
$
0.17

 
$
0.14

 
$
(0.03
)
Number of shares used in calculation
377,348

 
373,179

 
373,375

 
373,617


In 2015 and 2014, the totals of quarterly per share amounts do not equal annual per share amounts because of changes in outstanding shares during the year.