Common Share and Earnings Per Common Share (Tables)
 6 Months Ended
May 31, 2022
Earnings Per Share [Abstract]  
Earnings Per Share Computation The numerators and denominators used to calculate basic and diluted earnings per share are as follows (in thousands):
For the Three Months Ended May 31,For the Six Months Ended May 31,
 2022202120222021
Numerator for earnings per share:
Net income attributable to Jefferies Financial Group Inc. common shareholders
$114,014 $352,596 $441,461 $935,031 
  Allocation of earnings to participating securities (1)(365)(2,178)(2,116)(5,470)
Net income attributable to Jefferies Financial Group Inc. common shareholders for basic earnings per share
113,649 350,418 439,345 929,561 
Adjustment to allocation of earnings to participating securities related to diluted shares (1)(4)43 25 107 
Mandatorily redeemable convertible preferred share dividends (2)— 1,626 4,141 3,252 
Net income attributable to Jefferies Financial Group Inc. common shareholders for diluted earnings per share
$113,645 $352,087 $443,511 $932,920 
Denominator for earnings per share:    
Weighted average common shares outstanding
236,687 246,937 239,325 248,144 
Weighted average shares of restricted stock outstanding with future service required
(967)(1,618)(1,259)(1,540)
Weighted average RSUs outstanding with no future service required13,422 17,961 15,264 18,225 
Denominator for basic earnings per share – weighted average shares
249,142 263,280 253,330 264,829 
Stock options and other share based awards1,331 1,152 1,627 646 
Senior executive compensation plan RSUs awards1,506 2,219 2,096 2,032 
Mandatorily redeemable convertible preferred shares (2)— 4,441 4,441 4,441 
Denominator for diluted earnings per share
251,979 271,092 261,494 271,948 

(1)Represents dividends declared during the period on participating securities plus an allocation of undistributed earnings to participating securities. Net losses are not allocated to participating securities. Participating securities represent restricted stock and RSUs for which requisite service has not yet been rendered and amounted to weighted average shares of 975,500 and 1,638,600 for the three months ended May 31, 2022 and 2021, respectively, and 1,269,800 and 1,561,100 for the six months ended May 31, 2022 and 2021, respectively. Dividends declared on participating securities were not material during the three and six months ended May 31, 2022 and 2021. Undistributed earnings are allocated to participating securities based upon their right to share in earnings if all earnings for the period had been distributed.
(2)For the three months ended May 31, 2022, shares related to the mandatorily redeemable convertible preferred shares were not included in the computation of diluted per share amounts as the effect was antidilutive.