Note 21 - Comparative Quarterly Financial Data (unaudited)

12 Months Ended

Dec. 31, 2012

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 and to reflect discontinued operations:

	Three-Month Period Ended:
	March 31, 2012			June 30, 2012(1)			September 29, 2012		December 31, 2012
	(in thousands, except per share amounts)
Net revenues	$	14,445		$	24,450		$	34,294	$	26,915
Gross profit (loss)	$	5,686		$	9,482		$	12,204	$	6,668
Income (loss) from continuing operations, net of taxes	$	(120	)	$	17,429		$	4,866	$	4
Income (loss) from discontinued operations, net of taxes	$	(2,348	)	$	(121	)	$	483	$	51
Net income (loss) attributable to Steel Excel Inc.	$	(1,888	)	$	17,308		$	5,349	$	(76	)
Income (loss) per share:
Basic
Income (loss) from continuing operations, net of taxes	$	(0.01	)	$	1.50		$	0.37	$	0.00
Income (loss) from discontinued operations, net of taxes	$	(0.22	)	$	(0.01	)	$	0.04	$	0.00
Net income (loss) attributable to Steel Excel Inc.	$	(0.17	)	$	1.49		$	0.41	$	(0.01	)
Diluted
Income (loss) from continuing operations, net of taxes	$	(0.01	)	$	1.50		$	0.37	$	0.00
Income (loss) from discontinued operations, net of taxes	$	(0.22	)	$	(0.01	)	$	0.04	$	0.00
Net income (loss) attributable to Steel Excel Inc.	$	(0.17	)	$	1.49		$	0.41	$	(0.01	)
Shares used for computing income (loss) per share:
Basic		10,891			11,588			12,982		12,984
Diluted		10,891			11,605			13,001		13,007

(1) The Company recorded a benefit from income taxes of $15.1 million during the second quarter of fiscal, 2012, primarily due to the release of a portion of the valuation allowance as a result of acquired deferred tax liabilities.

	Three-Month Period Ended:
	April 1, 2011		July 1, 2011			September 30, 2011			December 31, 2011
	(in thousands, except per share amounts)
Net revenues	$	-	$	-		$	707		$	1,795
Gross profit (loss)	$	-	$	-		$	531		$	512
Income (loss) from continuing operations, net of taxes	$	1,817	$	(1,550	)	$	(1,543	)	$	1,344
Income (loss) from discontinued operations, net of taxes	$	-	$	6,830		$	85		$	(286	)
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		$	(0.03	)
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		$	-		$	(0.03	)
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