Note 14 - Segment Information

3 Months Ended

Mar. 31, 2013

Segment Reporting Disclosure [Text Block]

14.     Segment Information

The Company currently reports its business in two reportable segments: Steel Sports and Steel Energy. The Company also maintains general operations as it continues to explore additional working capital redeployment opportunities.

Segment information for the three-month periods ended March 31, 2013 and 2012 are as follows:

	Three-month Period Ended March 31,
	2013			2012
	(in thousands)
Revenues:
Steel Sports	$	312		$	156
Steel Energy		26,039			14,290
	$	26,351		$	14,446
Operating income (loss):
Steel Sports	$	(1,292	)	$	(783	)
Steel Energy		3,227			3,316
Corporate		(2,268	)		(2,295	)
	$	(333	)	$	238
Depreciation and amortization expense:
Steel Sports	$	146		$	126
Steel Energy		4,854			1,692
	$	5,000		$	1,818

Segment information as of March 31, 2012 and December 31, 2012 are as follows:

	March 31, 2013		December 31, 2012
	(in thousands)
Total assets:
Steel Sports	$	18,193	$	7,613
Steel Energy		189,468		199,889
Corporate		256,602		258,993
	$	464,263	$	466,495
Accounts receivable:
Steel Sports	$	419	$	158
Steel Energy		14,771		17,099
	$	15,190	$	17,257
Goodwill:
Steel Sports	$	5,318	$	154
Steel Energy		52,939		52,939
	$	58,257	$	53,093
Property and equipment, net:
Steel Sports	$	6,996	$	6,005
Steel Energy		70,677		71,763
	$	77,673	$	77,768