Common Share and Earnings Per Common Share
For the Three Months Ended
February 29, 2020
February 28, 2019
Numerator for earnings per share:
Net income attributable to Jefferies Financial Group Inc. common shareholders
Allocation of earnings to participating securities (1)
Net income attributable to Jefferies Financial Group Inc. common shareholders for basic earnings per share
Adjustment to allocation of earnings to participating securities related to diluted shares (1)
Mandatorily redeemable convertible preferred share dividends
Net income attributable to Jefferies Financial Group Inc. common shareholders for diluted earnings per share
Denominator for earnings per share:
Weighted average common shares outstanding
Weighted average shares of restricted stock outstanding with future service required
Weighted average RSUs outstanding with no future service required
Denominator for basic earnings per share – weighted average shares
Senior executive compensation plan awards
Mandatorily redeemable convertible preferred shares
Denominator for diluted earnings per share
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 1,902,000 and 1,831,000 for the three months ended February 29, 2020 and February 28, 2019, respectively. Dividends declared on participating securities were not material during the three months ended February 29, 2020 and February 28, 2019. Undistributed earnings are allocated to participating securities based upon their right to share in earnings if all earnings for the period had been distributed.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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