Note 16 - Comprehensive Income (Loss)

12 Months Ended

Dec. 31, 2011

Comprehensive Income (Loss) Note [Text Block]

Note 16.     Comprehensive Income (Loss)

The components of the Company’s comprehensive income (loss), net of taxes, which consisted of net income (loss), changes in net unrealized losses on marketable securities, net of taxes, and foreign currency translation adjustments, for all periods presented, are as follows:

				Nine-Month
	Fiscal Year			Transition			Fiscal Year
	Ended			Period Ended			Ended
	December 31,			December 31,			March 31,
	2011			2010			2010
	(in thousands)
Net foreign currency translation adjustments, net of taxes:
Foreign currency translation adjustments, net of taxes	$	164		$	141		$	1,212
Release of foreign currency translation gains, net of taxes		(2,542	)		-			-
Subtotal		(2,378	)		141			1,212
Net unrealized gain (loss) on marketable securities, net of taxes		260			(1,566	)		110
Net income (loss) attributable to non-controlling interest of The Show		(72	)		-			-
Net income (loss) attributable to Steel Excel Inc.		6,769			(17,759	)		(17,434	)
	$	4,579		$	(19,184	)	$	(16,112	)

The Company has considered all available evidence and determined that the marketable securities in which unrealized (losses) were recorded were not deemed to be other-than-temporary. The Company holds it marketable securities as available-for-sale and marks them to market. The Company expects to realize the full value of all its marketable securities upon maturity or sale, as the Company has the intent and ability to hold the securities until the full value is realized. However, the Company cannot provide any assurance that its invested cash, cash equivalents and marketable securities will not be impacted by adverse conditions in the financial markets, which may require the Company to record an impairment charge that could adversely impact its financial results.

The components of accumulated other comprehensive income, net of taxes, at December 31, 2011 and 2010 are as follows:

	December 31,
	2011		2010
	(in thousands)
Net unrealized gain on marketable securities, net of taxes	$	624	$	364
Foreign currency translation, net of taxes		119		2,497
Accumulated other comprehensive income, net of taxes	$	743	$	2,861