Schedule II - Valuation and Qualifying Accounts

12 Months Ended

Dec. 31, 2012

Schedule of Valuation and Qualifying Accounts Disclosure [Text Block]

STEEL EXCEL INC.

SCHEDULE II

VALUATION AND QUALIFYING ACCOUNTS

The following table includes the activity in the Company’s valuation and qualifying accounts for the fiscal years ended December 31, 2012 and 2011, and the nine-month transition period ended December 31, 2010:

	Beginning Balance		Additions		Deductions			Ending Balance
	(in thousands)
Fiscal year ended December 31, 2012:
Allowance for doubtful accounts(1)(2)	$	80	$	-	$	(80	)	$	-
Valuation allowance for deferred tax assets	$	69,508	$	-	$	(32,335	)	$	37,173
Fiscal year ended December 31, 2011:
Allowance for doubtful accounts(1)(2)	$	-	$	80	$	-		$	80
Valuation allowance for deferred tax assets	$	70,449	$	-	$	(941	)	$	69,508
Transition Period ended December 31, 2010:
Allowance for doubtful accounts(2)	$	34	$	-	$	(34	)	$	-
Sales reserves(2)	$	668	$	270	$	(938	)	$	-
Allowances(2)	$	941	$	703	$	(1,644	)	$	-
Valuation allowance for deferred tax assets	$	81,218	$	-	$	(10,769	)	$	70,449

(1)	Amount relates to accounts receivables from our Steel Energy segment.
(2)	Amounts are included in “Accounts receivable” in the Consolidated Balance Sheets. All other schedules are omitted because they are not applicable or the amounts are immaterial or the required information is presented in the Consolidated Financial Statements and Notes thereto.