Operations by Reportable Segment

12 Months Ended

Dec. 31, 2013

Operations by Reportable Segment

NOTE 16 — OPERATIONS BY REPORTABLE SEGMENT

Within continuing operations, the Company has two operating segments: Industrial Supply and Special Situations. The Company’s third segment consists of Discontinued Operations, which includes assets and liabilities from Fremont’s former businesses and the operations of Cosmed. Results of operations and other financial measures that are not included in the Company’s three segments are included in Corporate and Other. The following tables present the operating results for each of the Company’s segments as of or for the years ended December 31, 2013 and 2012:

	Continuing Operations
(Dollars in thousands)	Industrial Supply		Special Situations			Corporate and Other			Eliminations			Total			Discontinued Operations			Total
Year Ended December 31, 2013
Operating revenues from external customers	$	36,897	$	6,691		$	-		$	-		$	43,588		$	(77	)	$	43,511
Intersegment operating revenues		-		404			316			(720	)		-			-			-
Operating costs		31,087		415			15,912			(720	)		46,694			2,285			48,979
Other income (expense)		1		(14	)		(6,824	)		-			(6,837	)		2,434			(4,403	)
Earnings (loss) before income taxes		5,811		6,666			(22,420	)		-			(9,943	)		72			(9,871	)
Income tax expense (benefit)		2,071		2,574			(4,482	)		-			163			-			163
Net earnings (loss)		3,740		4,092			(17,938	)		-			(10,106	)		72			(10,034	)
Earnings (loss) attributable to noncontrolling interest		-		-			-			-			-			-			-
Net earnings (loss) attributable to Signature Group Holdings, Inc.	$	3,740	$	4,092		$	(17,938	)	$	-		$	(10,106	)	$	72		$	(10,034	)

	Continuing Operations
(Dollars in thousands)	Industrial Supply			Special Situations		Corporate and Other			Eliminations			Total			Discontinued Operations			Total
Year Ended December 31, 2012
Operating revenues from external customers	$	36,242		$	7,691	$	-		$	-		$	43,933		$	948		$	44,881
Intersegment operating revenues		-			407		940			(1,347	)		-			-			-
Operating costs		30,799			1,071		15,909			(1,347	)		46,432			5,650			52,082
Other income (expense)		(403	)		-		(485	)		-			(888	)		1,204			316
Earnings (loss) before income taxes		5,040			7,027		(15,454	)		-			(3,387	)		(3,498	)		(6,885	)
Income tax expense (benefit)		2,230			1,467		(3,117	)		-			580			3			583
Net earnings (loss)		2,810			5,560		(12,337	)		-			(3,967	)		(3,501	)		(7,468	)
Earnings (loss) attributable to noncontrolling interest		-			-		-			-			-			-			-
Net earnings (loss) attributable to Signature Group Holdings, Inc.	$	2,810		$	5,560	$	(12,337	)	$	-		$	(3,967	)	$	(3,501	)	$	(7,468	)

	Continuing Operations
(Dollars in thousands)	Industrial Supply		Special Situations		Corporate and Other		Eliminations			Total		Discontinued Operations		Total
Segment assets:
December 31, 2013
Current assets	$	14,530	$	1,904	$	49,231	$	-		$	65,665	$	691	$	66,356
Total assets		35,508		4,026		53,299		(4,000	)		88,833		1,287		90,120
December 31, 2012
Current assets	$	15,253	$	12,229	$	45,017	$	-		$	72,499	$	3,614	$	76,113
Total assets		37,667		43,230		72,758		(32,208	)		121,447		4,264		125,711
Segment liabilities:
December 31, 2013
Current liabilities	$	6,384	$	60	$	1,957	$	-		$	8,401	$	2,285	$	10,686
Total liabilities		20,113		3,952		11,352		(4,000	)		31,417		8,785		40,202
December 31, 2012
Current liabilities	$	10,864	$	103	$	754	$	-		$	11,721	$	2,292	$	14,013
Total liabilities		26,012		23,539		40,350		(32,208	)		57,693		9,792		67,485