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Unaudited Quarterly Financial Information (Tables)
 12 Months Ended
Dec. 31, 2013
Unaudited Quarterly Financial Information

The following tables present unaudited quarterly financial information, which has been prepared on a basis consistent with that of the audited consolidated financial statements and includes all necessary material adjustments, consisting of normal recurring accruals and adjustments, to present fairly the unaudited quarterly financial information. The quarterly results of operations for these periods are not necessarily indicative of future results of operations. The quarterly per share calculations are based on the weighted average number of shares for each period; therefore, the sum of the quarters may not necessarily be equal to the full year per share amount.

 

 

 

Unaudited 2013 Information for the Three Months Ended

 

(Dollars in thousands, except per share amounts)

 

March 31,

 

 

June 30,

 

 

September 30,

 

 

December 31,

 

Operating revenues:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Industrial Supply

 

$

8,372

 

 

$

9,452

 

 

$

10,230

 

 

$

8,843

 

Special Situations

 

 

1,204

 

 

 

5,414

 

 

 

(453

)

 

 

526

 

Corporate and Other

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Total operating revenues

 

 

9,576

 

 

 

14,866

 

 

 

9,777

 

 

 

9,369

 

Operating costs

 

 

10,224

 

 

 

13,110

 

 

 

12,170

 

 

 

11,190

 

Operating profit (loss)

 

$

(648

)

 

$

1,756

 

 

$

(2,393

)

 

$

(1,821

)

Loss from continuing operations

 

$

(2,163

)

 

$

(1,873

)

 

$

(5,687

)

 

$

(383

)

Earnings (loss) from discontinued operations,

net of income taxes

 

 

(605

)

 

 

(51

)

 

 

(172

)

 

 

900

 

Net earnings  (loss) attributable to

Signature Group Holdings, Inc.

 

$

(2,768

)

 

$

(1,924

)

 

$

(5,859

)

 

$

517

 

Basic earnings (loss) per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average outstanding shares

 

 

11,803,988

 

 

 

11,822,649

 

 

 

11,871,639

 

 

 

11,888,615

 

Continuing operations

 

$

(0.18

)

 

$

(0.15

)

 

$

(0.48

)

 

$

(0.03

)

Discontinued operations, net of income taxes

 

 

(0.05

)

 

 

-

 

 

 

(0.01

)

 

 

0.07

 

Basic earnings (loss) per share

 

$

(0.23

)

 

$

(0.15

)

 

$

(0.49

)

 

$

0.04

 

Diluted earnings (loss) per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average outstanding shares

 

 

11,803,988

 

 

 

11,822,649

 

 

 

11,871,639

 

 

 

13,220,815

 

Continuing operations

 

$

(0.18

)

 

$

(0.15

)

 

$

(0.48

)

 

$

(0.03

)

Discontinued operations, net of income taxes

 

 

(0.05

)

 

 

-

 

 

 

(0.01

)

 

 

0.07

 

Diluted earnings (loss) per share

 

$

(0.23

)

 

$

(0.15

)

 

$

(0.49

)

 

$

0.04

 

 

 

 

Unaudited 2012 Information for the Three Months Ended

 

(Dollars in thousands, except per share amounts)

 

March 31,

 

 

June 30,

 

 

September 30,

 

 

December 31,

 

Operating revenues:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Industrial Supply

 

$

7,843

 

 

$

9,062

 

 

$

10,203

 

 

$

9,134

 

Special Situations

 

 

4,233

 

 

 

278

 

 

 

1,121

 

 

 

2,059

 

Corporate and Other

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Total operating revenues

 

 

12,076

 

 

 

9,340

 

 

 

11,324

 

 

 

11,193

 

Operating costs

 

 

11,244

 

 

 

12,198

 

 

 

12,640

 

 

 

10,256

 

Operating profit (loss)

 

$

832

 

 

$

(2,858

)

 

$

(1,316

)

 

$

937

 

Earnings (loss) from continuing operations

 

$

639

 

 

$

(3,155

)

 

$

(2,166

)

 

$

718

 

Loss from discontinued operations, net of income taxes

 

 

(1,885

)

 

 

(735

)

 

 

(462

)

 

 

(422

)

Net earnings (loss) attributable to

Signature Group Holdings, Inc.

 

$

(1,246

)

 

$

(3,890

)

 

$

(2,628

)

 

$

296

 

Basic earnings (loss) per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average outstanding shares

 

 

11,565,196

 

 

 

11,565,196

 

 

 

11,632,829

 

 

 

11,684,649

 

Continuing operations

 

$

0.06

 

 

$

(0.27

)

 

$

(0.19

)

 

$

0.06

 

Discontinued operations, net of income taxes

 

 

(0.16

)

 

 

(0.06

)

 

 

(0.04

)

 

 

(0.04

)

Basic earnings (loss) per share

 

$

(0.10

)

 

$

(0.33

)

 

$

(0.23

)

 

$

0.02

 

Diluted earnings (loss) per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average outstanding shares

 

 

11,565,196

 

 

 

11,565,196

 

 

 

11,632,829

 

 

 

11,867,405

 

Continuing operations

 

$

0.06

 

 

$

(0.27

)

 

$

(0.19

)

 

$

0.06

 

Discontinued operations, net of income taxes

 

 

(0.16

)

 

 

(0.06

)

 

 

(0.04

)

 

 

(0.04

)

Diluted earnings (loss) per share

 

$

(0.10

)

 

$

(0.33

)

 

$

(0.23

)

 

$

0.02