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Net Income (Loss) Per Share
 9 Months Ended
Sep. 30, 2014
Earnings Per Share [Abstract]  
Net Income (Loss) Per Share
Net Income (Loss) Per Share

Basic net income (loss) attributable to Steel Excel per share of common stock is computed by dividing net income (loss) attributable to Steel Excel by the weighted-average number of common shares outstanding during the period. Diluted net income (loss) per share attributable to Steel Excel gives effect to all potentially dilutive common shares outstanding during the period.

Amounts used in the calculation of basic and diluted net income (loss) per share of common stock for the three and nine months ended September 30, 2014 and 2013, were as follows:

 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2014
 
2013
 
2014
 
2013
 
(in thousands, except per share data)
Numerators:
 
 
 
 
 
 
 
Net income (loss) from continuing operations
$
(945
)
 
$
3,047

 
$
11,852

 
$
7,496

Non-controlling interest
(238
)
 
(178
)
 
99

 
(122
)
Net income (loss) from continuing operations attributable to Steel Excel Inc.
$
(1,183
)
 
$
2,869

 
$
11,951

 
$
7,374

 
 
 
 
 
 
 
 
Loss from discontinued operations, net of taxes
$
—

 
$
(888
)
 
$
—

 
$
(1,477
)
Non-controlling interest
—

 
489

 
—

 
954

Loss from discontinued operations, net of taxes, attributable to Steel Excel Inc.
$
—

 
$
(399
)
 
$
—

 
$
(523
)
 
 
 
 
 
 
 
 
Net income (loss) attributable to Steel Excel Inc.
$
(1,183
)
 
$
2,470

 
$
11,951

 
$
6,851

 
 
 
 
 
 
 
 
Denominators:
 
 
 
 
 
 
 
Basic weighted average common shares outstanding
11,437

 
12,529

 
11,769

 
12,736

Effect of dilutive securities:
 
 
 
 
 
 
 
Stock-based awards
—

 
17

 
21

 
18

Diluted weighted average common shares outstanding
11,437

 
12,546

 
11,790

 
12,754

 
 
 
 
 
 
 
 
Basic income (loss) per share attributable to Steel Excel Inc.:
 
 
 
 
 
 
 
Net income (loss) from continuing operations
$
(0.10
)
 
$
0.23

 
$
1.02

 
$
0.58

Loss from discontinued operations, net of taxes
$
—

 
$
(0.03
)
 
$
—

 
$
(0.04
)
Net income (loss)
$
(0.10
)
 
$
0.20

 
$
1.02

 
$
0.54

 
 
 
 
 
 
 
 
Diluted income (loss) per share attributable to Steel Excel Inc.:
 
 
 
 
 
 
 
Net income (loss) from continuing operations
$
(0.10
)
 
$
0.23

 
$
1.01

 
$
0.58

Loss from discontinued operations, net of taxes
$
—

 
$
(0.03
)
 
$
—

 
$
(0.04
)
Net income (loss)
$
(0.10
)
 
$
0.20

 
$
1.01

 
$
0.54


The number of shares used in the calculation of diluted earnings (loss) per share for the three months ended September 30, 2014, excluded 23,000 incremental shares related to restricted stock awards.  Such incremental shares were excluded from the calculation of diluted earnings (loss) per share due to their anti-dilutive effect on the loss from continuing operations.