SEGMENT INFORMATION

12 Months Ended

Dec. 31, 2013

Segment Reporting [Abstract]

SEGMENT INFORMATION

SEGMENT INFORMATION

The following table presents the composition of our segments, which include the operations of our consolidated subsidiaries, as well as income or loss from equity method investments and other investments. Our segments are managed separately and offer different products and services. No single customer accounted for 10% or more of the Company's consolidated revenues during the years ended December 31, 2013, 2012 and 2011.

Diversified Industrial	Energy	Financial Services	Corporate and Other
Handy & Harman Ltd. ("HNH") (1)	Steel Excel Inc. ("Steel Excel")(1)	WebBank (1)	SPH Services, Inc. ("SPH Services") (1)
SL Industries, Inc. ("SLI") (2)	BNS Holding, Inc. ("BNS") (1), (3)		DGT Holdings Corp. ("DGT") (1)
JPS Industries, Inc. ("JPS") (2)			BNS Holdings Liquidating Trust ("BNS Liquidating Trust") (1), (3)
			Modus Link Global Solutions, Inc. (2)
			CoSine Communications, Inc. ("CoSine")(2)
			Fox & Hound Acquisition Corp. ("Fox & Hound") (2)
			SPII Liquidating Trust (2)
			Other Investments (4)

(1) Consolidated subsidiary

(2) Equity method investment

(3) The operations of BNS are included in the Energy segment through June 30, 2012. The results of the BNS Liquidating Trust are included in the Corporate and Other segment beginning July 1, 2012.

(4) Other investments classified in Corporate and Other include various investments in available-for-sale securities in the Computer Software and Services, Aerospace/Defense, and Restaurant industries.

Diversified Industrial

HNH is a diversified holding company that owns a variety of manufacturing operations encompassing joining materials, tubing, engineered materials, electronic materials and cutting replacement products and services businesses. See Note 5 - "Investments" for additional information on the equity method investments classified within this segment.

Energy

Steel Excel's Energy business provides drilling and production services to the oil and gas industry. Through its wholly-owned subsidiary Steel Sports Inc., Steel Excel focuses on providing event-based sports and entertainment services and other health-related services, including baseball facility services, baseball and soccer camps and leagues, and strength and conditioning services. Steel Excel also continues to identify other new business acquisition opportunities. The operations of Steel Sports are not considered material and are included in the Energy segment. Steel Excel was previously accounted for as an associated company at fair value prior to SPLP increasing its ownership over 50%. Seven months of Steel Energy's results are included in the Energy segment for the year ended December 31, 2012.

BNS is currently a holding company with no operations as of June 1, 2012 due to the sale of Sun Well to Steel Excel on May 31, 2012 (see Note 3 - "Acquisitions"). BNS' results include the operations of Sun Well prior to the sale of Sun Well to Steel Excel on May 31, 2102.

Financial Services

The Financial Services segment primarily consists of our consolidated and wholly-owned subsidiary WebBank, which operates in niche banking markets. WebBank provides commercial and consumer loans and services. WebBank’s deposits are insured by the FDIC, and the bank is examined and regulated by the FDIC and UDFI.

Corporate and Other

Corporate assets, revenues and overhead expenses are not allocated to the segments. Corporate revenues primarily consist of investment and other income, investment gains and losses and rental income. See Note 5 - "Investments" for additional information on the equity method investments and other investments classified within this segment.

SPH services provides legal, tax, accounting, treasury, consulting, auditing, administration, compliance, environmental health and safety, human resources, marketing, investor relations and similar services, to other affiliated companies. In 2013 SPH Services charged the Diversified Industrial, Energy and Financial services and segments approximately $8,900, $3,600 and $250, respectively for these services. In 2012 SPH Services charged the Diversified Industrial, Energy and Financial services segments approximately $11,000, $2,000 and $250 respectively for these services.  These amounts are eliminated in consolidation.

DGT's operations currently consist of a real estate business from rental buildings retained from the sale of its Power Conversion business on August 16, 2012 and the sale of its Medical Systems Group on November 3, 2011. The operating

results for the Power Conversion Business and for the Medical Systems Group, as well as the gains on disposals of such units,

are reported as discontinued operations for all periods presented. Continuing operations consist of the real estate business,

investments, and general and administrative expenses.

The expenses related to the BNS Liquidating Trust are included in Corporate and Other from July 1, 2012 through December 31, 2012. For additional information on the BNS Liquidating Trust, see Note 16 - "Capital and Accumulated Other Comprehensive Loss."

Prior to December 31, 2012, the Corporate and Other segment also included the Company's direct and indirect investment in Barbican (which was sold in October 2012); BNS (through February 2, 2011, the date BNS acquired SWH), as well as associated company Steel Excel (through December 31, 2011). Associated company earnings for Steel Excel are classified in the Energy segment effective January 1, 2012 and the consolidated results of Steel Excel are included in the Energy segment Effective May 31, 2012 (the date it became a majority-owned subsidiary). Segment information is presented below:

	Year Ended December 31,
	2013			2012			2011
Revenue:
Diversified industrial	$	655,224		$	579,528		$	579,764
Energy	120,029			92,834			32,984
Financial services	28,185			21,155			14,921
Corporate and other	1,736			18,069			(3,485		)
Total	$	805,174		$	711,586		$	624,184
Income (loss) from continuing operations before income taxes:
Diversified industrial	$	62,278		$	39,903		$	46,981
Energy	12,641			25,034			6,558
Financial services	17,668			12,913			6,165
Corporate and other	(37,358		)	(8,580		)	(46,021		)
Income from continuing operations before income taxes	55,229			69,270			13,683
Income tax provision (benefit)	10,244			16,833			(64,968		)
Net income (loss) from continuing operations	$	44,985		$	52,437		$	78,651
Income (loss) from equity method investments:
Diversified industrial	$	18,257		$	1,796		$	8,712
Energy	(863		)	13,139			—
Corporate and other	10,121			(9,060		)	(38,278		)
Total	$	27,515		$	5,875		$	(29,566	)

Additional segment information as follows: 

	Year ended December 31, 2013
	Interest expense			Capital expenditures		Depreciation and amortization		December 31, 2013 Goodwill
Diversified industrial	$	8,636		$	16,226	$	20,558	$	32,841
Energy	(2,986		)	8,932		13,492		73,846
Financial services	496			57		125		—
Corporate and other	338			152		1,176		81
Total	$	6,484		$	25,367	$	35,351	$	106,768
	Year ended December 31, 2012
	Interest expense			Capital expenditures		Depreciation and amortization		December 31, 2012 Goodwill
Diversified industrial	$	14,165		$	20,295	$	17,163	$	15,112
Energy	(669		)	14,027		9,227		48,429
Financial services	957			37		131		—
Corporate and other	152			1,323		820		81
Total	$	14,605		$	35,682	$	27,341	$	63,622
	Year ended December 31, 2011
	Interest expense			Capital Expenditures		Depreciation and Amortization
Diversified industrial	$	11,914		$	12,086	$	18,138
Energy	509			8,227		2,508
Financial services	941			399		92
Corporate and other	631			—		—
Total	$	13,995		$	20,712	$	20,738

	December 31,
	2013		2012
Identifiable Assets Employed:
Diversified industrial	$	597,584	$	499,382
Energy	502,274		426,940
Financial services	173,861		138,249
Corporate and other	243,465		267,938
Segment totals	1,517,184		1,332,509
Discontinued operations	4,406		45,850
Total	$	1,521,590	$	1,378,359

The following table presents geographic revenue and long-lived asset information as of and for the year ended December 31, 2013 and 2012.  In addition to property, plant and equipment, the amounts in 2013 and 2012 include $9,400 and $8,200, respectively, of inactive properties from previous operating businesses, and other non-operating assets that are carried at the lower of cost or fair value and are included primarily in other non-current assets in the consolidated balance sheets.

	2013				2012				2011
	Revenue		Long-lived assets		Revenue		Long-lived assets		Revenue
Geographic information:
United States	$	739,979	$	183,296	$	644,421	$	148,862	$	550,003
Foreign	65,195		27,854		67,165		28,720		74,181
Total	$	805,174	$	211,150	$	711,586	$	177,582	$	624,184

Foreign revenue is based on the country in which the legal subsidiary is domiciled.  Neither revenue nor long-lived assets from any single foreign country was material to the consolidated revenues of the Company.