Fiscal Year Ended

December 31,

Nine-Month

Transition

Period Ended

December 31,

2012

2011

2010

(in thousands, except per share amounts)

Numerators (basic and diluted):

Income (loss) from continuing operations, net of taxes

$

22,179

$

68

$

(17,386

)

Income (loss) from discontinued opertions, net of taxes

$

(1,935

)

$

6,629

$

(373

)

Net income (loss) attributable to Steel Excel Inc.

$

20,693

$

6,769

$

(17,759

)

Denominators:

Weighted average shares outstanding - basic

12,110

10,882

11,609

Effect of common stock equivalents (if any):

Stock-based awards

23

15

-

3/4% notes

-

Weighted average shares outstanding - diluted

12,133

10,897

11,609

Income (loss) per share:

Basic

Income (loss) from continuing operations, net of taxes

$

1.83

$

0.01

$

(1.50

)

Income (loss) from discontinued opertions, net of taxes

$

(0.16

)

$

0.61

$

(0.03

)

Net income (loss)

$

1.71

$

0.62

$

(1.53

)

Diluted

Income (loss) from continuing operations, net of taxes

$

1.83

$

0.01

$

(1.50

)

Income (loss) from discontinued opertions, net of taxes

$

(0.16

)

$

0.61

$

(0.03

)

Net income (loss)

$

1.71

$

0.62

$

(1.53

)