XML 22 R24.htm IDEA: XBRL DOCUMENT v2.4.0.8
Acquisitions (Tables)
6 Months Ended
Jun. 30, 2013
BusinessCombinationDisclosureTextBlockAbstract  
Schedule of Purchase Price Allocation [Table Text Block]
The estimated fair value of the assets and liabilities acquired in connection with the Ruckus and UK Elite transactions, determined as of the respective acquisition dates, was as follows:
 
 
Amount
 
(in thousands)
Cash
$
1,991

Accounts receivable
637

Marketable securities
189

Prepaid expenses and other current assets
759

Property and equipment
69

Other assets
55

Accounts payable
(96
)
Accrued liabilities and other current liabilities
(3,481
)
Long-term liabilities
(53
)
Total identifiable net assets acquired
70

 
 

Non-controlling interest
(2,895
)
Goodwill
6,075

 
 

Net assets acquired
$
3,250

Schedule of Business Acquisitions, by Acquisition [Table Text Block]
The carrying amounts and classifications of assets and liabilities of Ruckus and UK Elite included in the Company’s Financial Statements as of June 30, 2013, are as follows:
 
 
Amount
 
(in thousands)
Current assets
$
2,858

Long-term assets
$
6,323

Current liabilities
$
3,241

Long-term liabilities
$
53

Business Acquisition, Pro Forma Information [Table Text Block]
The pro forma financial information is not necessarily indicative of what would have actually occurred had the acquisitions been consummated at the beginning of 2012 or results that may occur in the future.
 
 
Three Months Ended
 
Six Months Ended
 
June 30, 2012
 
(in thousands)
Net revenues
$
36,901

 
$
62,408

Income from continuing operations, net of taxes
$
17,429

 
$
18,021

Income (loss) from discontinued operations, net of taxes
$
(121
)
 
$
(2,470
)
Net income attributable to Steel Excel Inc.
$
18,472

 
$
17,767