Note 8 - Long-Lived Assets (Tables)

3 Months Ended

Mar. 31, 2013

Property, Plant and Equipment [Table Text Block]

	March 31, 2013			December 31, 2012
	(in thousands)
Rigs and other equipment	$	70,617		$	68,404
Buildings and improvements		13,183			12,019
Land		1,068			1,068
Vehicles		1,744			1,639
Furniture and fixtures		289			289
Assets in progress		1,345			2,342
		88,246			85,761
Accumulated depreciation		(10,573	)		(7,993	)
Property and equipment, net	$	77,673		$	77,768

Schedule of Finite-Lived Intangible Assets [Table Text Block]

	March 31, 2013
	Cost		Accumulated Amortization			Net		Amortization Method	Estimated Useful Life (years)
	(in thousands)
Steel Sports:
Customer relationships	$	235	$	(78	)		157	Straight-line		5
Steel Energy:
Customer relationships		43,100		(8,372	)		34,728	Accelerated		10
Trade names		4,100		(1,499	)		2,601	Accelerated		5
		47,200		(9,871	)		37,329
	$	47,435	$	(9,949	)	$	37,486

	December 31, 2012
	Cost		Accumulated Amortization		Net		Amortization Method	Estimated Useful Life (years)
	(in thousands)
Steel Sports:
Customer relationships	$	235	$	(67)		168	Straight-line		5
Steel Energy:
Customer relationships		43,100		(6,356)		36,744	Accelerated		10
Trade names		4,100		(1,125)		2,975	Accelerated		5
		47,200		(7,481)		39,719
	$	47,435	$	(7,548)	$	39,887

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]

	Steel Sports		Steel Energy		Total
	(in thousands)
For the year ended December 31:
2013 (remaining nine months)	$	35	$	6,145	$	6,180
2014		47		6,565		6,612
2015		47		5,234		5,281
2016		28		4,245		4,273
2017		-		3,158		3,158
Thereafter		-		11,982		11,982
	$	157	$	37,329	$	37,486

Schedule of Goodwill [Table Text Block]

	Amount
	(in thousands)
Balance, December 31, 2012	$	53,093
Goodwill acquired in the acquisition of Sports-event Company		5,164
Balance, March 31, 2013	$	58,257

Schedule of Intangible Assets and Goodwill [Table Text Block]

	March 31, 2013			December 31, 2012
	(in thousands)
Goodwill	$	60,245		$	55,081
Accumulated impairment		(1,988	)		(1,988	)
Net goodwill	$	58,257		$	53,093