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Segment Information (Tables)
 12 Months Ended
Nov. 30, 2019
Segment Reporting [Abstract]  
Schedule Of Segment Reporting Information, By Segment
 
Twelve Months Ended November 30, 2019
 
Eleven Months Ended November 30, 2018
 
Twelve Months Ended December 31, 2017
 
 
 
(In thousands)
 
 
Net revenues:
 
 
 
 
 
Reportable Segments:
 
 
 
 
 
Investment Banking and Capital Markets
$
3,035,988

 
$
3,184,426

 
$
3,169,860

Asset Management
84,894

 
(14,280
)
 
91,101

Merchant Banking
735,213

 
577,278

 
801,190

Corporate
32,833

 
22,300

 
6,306

Total net revenues related to reportable segments
3,888,928

 
3,769,724

 
4,068,457

Consolidation adjustments
4,048

 
(5,690
)
 
8,988

Total consolidated net revenues
$
3,892,976

 
$
3,764,034

 
$
4,077,445

 
 
 
 
 
 
Income (loss) from continuing operations before income taxes:
 

 
 

 
 

Reportable Segments:
 

 
 

 
 

Investment Banking and Capital Markets (1)
$
347,050

 
$
464,913

 
$
535,801

Asset Management
(41,126
)
 
(133,729
)
 
121

Merchant Banking (1)
289,492

 
88,971

 
197,375

  Corporate
(68,467
)
 
(66,140
)
 
(78,802
)
Income from continuing operations before income taxes related to reportable segments
526,949

 
354,015

 
654,495

Parent Company interest
(53,048
)
 
(54,090
)
 
(58,943
)
Consolidation adjustments
4,707

 
(3,825
)
 
10,950

Total consolidated income from continuing operations before income taxes
$
478,608

 
$
296,100

 
$
606,502

 
 
 
 
 
 
Depreciation and amortization expenses:
 

 
 

 
 

Reportable Segments:
 

 
 

 
 

Investment Banking and Capital Markets
$
77,549

 
$
67,467

 
$
62,059

Asset Management
2,042

 
1,324

 
1,217

Merchant Banking
69,805

 
48,357

 
43,649

  Corporate
3,475

 
3,169

 
3,470

Total consolidated depreciation and amortization expenses
$
152,871

 
$
120,317

 
$
110,395

 
 
 
 
 
 
 
November 30, 2019
 
November 30, 2018
 
December 31, 2017
Identifiable assets employed:
 

 
 

 
 

Reportable Segments:
 

 
 

 
 

Investment Banking and Capital Markets (1) (2)
$
40,523,223

 
$
38,617,201

 
$
38,376,686

Asset Management
3,313,716

 
2,633,585

 
2,083,174

Merchant Banking (1)
3,285,671

 
4,164,605

 
4,019,402

National Beef
—

 
—

 
1,460,539

Corporate
2,432,119

 
1,838,037

 
1,299,628

Identifiable assets employed related to reportable segments
49,554,729

 
47,253,428

 
47,239,429

Consolidation adjustments
(94,495
)
 
(122,333
)
 
(70,321
)
Total consolidated assets
$
49,460,234

 
$
47,131,095

 
$
47,169,108


(1)
Amounts related to Berkadia are included in Merchant Banking prior to their transfer to the Investment Banking and Capital Markets segment in the fourth quarter of 2018. Income from continuing operations before income taxes related to the net assets transferred were $78.7 million and $91.5 million for the eleven months ended November 30, 2018 and the twelve
months ended December 31, 2017, respectively. Identifiable assets employed related to the net assets transferred were $212.4 million at December 31, 2017.
(2)
Includes $197.7 million, $243.2 million and $213.0 million at November 30, 2019 and 2018, and December 31, 2017, respectively, of the deferred tax asset, net.
Schedule Of Net Revenues By Geographic Region Net revenues by geographic region were as follows (in thousands):
 
Twelve Months Ended November 30, 2019
 
Eleven Months Ended November 30, 2018
 
Twelve Months Ended December 31, 2017
 
 
 
 
 
 
Americas (1)
$
3,188,353

 
$
3,231,522

 
$
3,482,094

Europe (2)
592,087

 
436,861

 
489,587

Asia
112,536

 
95,651

 
105,764

 
$
3,892,976

 
$
3,764,034

 
$
4,077,445

(1)
Substantially all relates to U.S. results.
(2)
Substantially all relates to U.K. results.