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Operations by Reportable Segment (Tables)
12 Months Ended
Dec. 31, 2013
Operating Results of Segments

 

 

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