XML 62 R2.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Income Statement [Abstract]      
Net revenues $ 210,148us-gaap_Revenues $ 120,028us-gaap_Revenues $ 100,104us-gaap_Revenues
Cost of revenues 150,979us-gaap_CostOfRevenue 85,385us-gaap_CostOfRevenue 66,064us-gaap_CostOfRevenue
Gross profit 59,169us-gaap_GrossProfit 34,643us-gaap_GrossProfit 34,040us-gaap_GrossProfit
Operating expenses:      
Selling, general and administrative expenses 36,324us-gaap_SellingGeneralAndAdministrativeExpense 23,372us-gaap_SellingGeneralAndAdministrativeExpense 20,397us-gaap_SellingGeneralAndAdministrativeExpense
Amortization of intangibles 9,582us-gaap_AmortizationOfIntangibleAssets 8,709us-gaap_AmortizationOfIntangibleAssets 7,634us-gaap_AmortizationOfIntangibleAssets
Impairment of goodwill 36,666us-gaap_GoodwillImpairmentLoss 0us-gaap_GoodwillImpairmentLoss 192us-gaap_GoodwillImpairmentLoss
Total operating expenses 82,572us-gaap_OperatingExpenses 32,081us-gaap_OperatingExpenses 28,223us-gaap_OperatingExpenses
Operating income (loss) (23,403)us-gaap_OperatingIncomeLoss 2,562us-gaap_OperatingIncomeLoss 5,817us-gaap_OperatingIncomeLoss
Interest expense (3,177)us-gaap_InterestExpense (1,725)us-gaap_InterestExpense (417)us-gaap_InterestExpense
Other income, net 7,058us-gaap_OtherNonoperatingIncomeExpense 7,074us-gaap_OtherNonoperatingIncomeExpense 1,067us-gaap_OtherNonoperatingIncomeExpense
Income (loss) from continuing operations before income taxes and equity method loss (19,522)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 7,911us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 6,467us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Benefit from income taxes 1,323us-gaap_IncomeTaxExpenseBenefit 9,342us-gaap_IncomeTaxExpenseBenefit 15,712us-gaap_IncomeTaxExpenseBenefit
Loss from equity method investees, net of tax (6,070)us-gaap_IncomeLossFromEquityMethodInvestments (862)us-gaap_IncomeLossFromEquityMethodInvestments 0us-gaap_IncomeLossFromEquityMethodInvestments
Net income (loss) from continuing operations (24,269)us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest 16,391us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest 22,179us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
Income (loss) from discontinued operations, net of taxes 506us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax (5,540)us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax (1,935)us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax
Net income (loss) (23,763)us-gaap_ProfitLoss 10,851us-gaap_ProfitLoss 20,244us-gaap_ProfitLoss
Net loss (income) attributable to non-controlling interests in consolidated entities      
Continuing operations 235us-gaap_IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity 156us-gaap_IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity 22us-gaap_IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
Discontinued operations (279)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest 3,188us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest 427us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest
Net income (loss) attributable to Steel Excel Inc. $ (23,807)us-gaap_NetIncomeLoss $ 14,195us-gaap_NetIncomeLoss $ 20,693us-gaap_NetIncomeLoss
Basic income (loss) per share attributable to Steel Excel Inc.:      
Net income (loss) from continuing operations $ (2.06)us-gaap_IncomeLossFromContinuingOperationsPerBasicShare $ 1.31us-gaap_IncomeLossFromContinuingOperationsPerBasicShare $ 1.83us-gaap_IncomeLossFromContinuingOperationsPerBasicShare
Income (loss) from discontinued operations, net of taxes $ 0.02us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $ (0.19)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $ (0.12)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
Net income (in dollars per share) $ (2.04)us-gaap_EarningsPerShareBasic $ 1.13us-gaap_EarningsPerShareBasic $ 1.71us-gaap_EarningsPerShareBasic
Diluted income (loss) per share attributable to Steel Excel Inc.:      
Net income (loss) from continuing operations $ (2.06)us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare $ 1.31us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare $ 1.83us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare
Income (loss) from discontinued operations, net of taxes $ 0.02us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $ (0.19)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $ (0.12)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
Net income (in dollars per share) $ (2.04)us-gaap_EarningsPerShareDiluted $ 1.13us-gaap_EarningsPerShareDiluted $ 1.71us-gaap_EarningsPerShareDiluted
Shares used in computing income (loss) per share:      
Basic (in Shares) 11,678us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 12,584us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 12,110us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Diluted (in Shares) 11,678us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 12,602us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 12,133us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding