Note 21 - Comparative Quarterly Financial Data (unaudited)

12 Months Ended

Dec. 31, 2011

Quarterly Financial Information [Text Block]

Note 21.     Comparative Quarterly Financial Data (unaudited)

The following table summarizes the Company’s quarterly financial data, which included reclassifications made to prior period reported amounts to conform to the current period presentation, to reflect the disposition and wind down of businesses as discontinued operations:

Year ended December 31, 2011
	Three-Month Period Ended:
	April 1,		July 1,			September 30,			December 31,
	2011		2011			2011			2011
	(in thousands, except per share amounts)
Net revenues	$	-	$	-		$	707		$	1,886
Gross profit (loss)	$	-	$	-		$	531		$	585
Income (loss) from continuing operations, net of taxes	$	1,817	$	(1,550	)	$	(1,543	)	$	1,058
Income (loss) from discontinued operations, net of taxes	$	-	$	6,830		$	85		$	-
Net income (loss) attributable to Steel Excel	$	1,817	$	5,280		$	1,335		$	(1,663	)
Income (loss) per share:
Basic
Income (loss) from continuing operations, net of taxes	$	0.17	$	(0.14	)	$	(0.14	)	$	0.09
Income (loss) from discontinued operations, net of taxes	$	-	$	0.63		$	0.01		$	-
Net income (loss) attributable to Steel Excel	$	0.17	$	0.48		$	0.12		$	(0.15	)
Diluted
Income (loss) from continuing operations, net of taxes	$	0.17	$	(0.14	)	$	(0.14	)	$	0.09
Income (loss) from discontinued operations, net of taxes	$	-	$	0.63		$	-		$	-
Net income (loss)	$	0.17	$	0.48		$	0.12		$	(0.15	)
Shares used for computing income (loss) per share:
Basic		10,880		10,881			10,881			10,887
Diluted		10,887		10,895			10,905			10,905

Year ended December 31, 2010
	Three-Month Period Ended:
	March 31,			July 1,			October 1,			December 31,
	2010			2010			2010			2010
	(in thousands, except per share amounts)
Net revenues	$	-		$	-		$	-		$	-
Gross profit (loss)	$	-		$	-		$	-		$	-
Income (loss) from continuing operations, net of taxes	$	(6,059	)	$	(6,638	)	$	(350	)	$	(10,364	)
Income (loss) from discontinued operations, net of taxes	$	(914	)	$	(2,492	)	$	1,567		$	518
Net income (loss) attributable to Steel Excel	$	(6,973	)	$	(9,130	)	$	1,217		$	(9,846	)
Income (loss) per share:
Basic
Income (loss) from continuing operations, net of taxes	$	(0.51	)	$	(0.55	)	$	(0.03	)	$	(0.94	)
Income (loss) from discontinued operations, net of taxes	$	(0.08	)	$	(0.21	)	$	0.14		$	0.05
Net income (loss) attributable to Steel Excel	$	(0.58	)	$	(0.76	)	$	0.10		$	(0.89	)
Diluted
Income (loss) from continuing operations, net of taxes	$	(0.51	)	$	(0.55	)	$	(0.03	)	$	(0.94	)
Income (loss) from discontinued operations, net of taxes	$	(0.08	)	$	(0.21	)	$	0.14		$	0.05
Net income (loss)	$	(0.58	)	$	(0.76	)	$	0.10		$	(0.89	)
Shares used for computing income (loss) per share:
Basic		11,940			11,967			11,842			11,016
Diluted		11,940			11,967			11,854			11,016