Revised Financial Statements (Tables)

12 Months Ended

Dec. 31, 2015

Accounting Changes and Error Corrections [Abstract]

Schedule of Error Corrections and Prior Period Adjustments

The impact on the individual line items of the Company's financial statements from the adjustments to correct this error and the adjustments to reflect the adoption of ASU No. 2015-03 and ASU No. 2015-17 (see Note 2) was as follows:

Balance Sheet at December 31, 2014:

	Previously Reported			Adjustments			Revised
	(in thousands)
Deferred income taxes - current	$	1,696		$	(1,696	)	$	—
Total current assets	$	245,618		$	(1,696	)	$	243,922
Deferred income taxes - non-current	$	80		$	(80	)	$	—
Other long-term assets	$	1,238		$	(632	)	$	606
Total assets	$	479,354		$	(2,408	)	$	476,946
Current portion of long-term debt	$	13,214		$	(57	)	$	13,157
Deferred income taxes - current	$	85		$	(85	)	$	—
Total current liabilities	$	48,324		$	(142	)	$	48,182
Long-term debt	$	66,071		$	(575	)	$	65,496
Deferred income taxes - non-current	$	3,549		$	(1,691	)	$	1,858
Total liabilities	$	121,836		$	(2,408	)	$	119,428
Accumulated other comprehensive income	$	(18,730	)	$	3,524		$	(15,206	)
Retained earnings	$	190,160		$	(3,524	)	$	186,636
Total stockholders' equity	$	357,518		$	—		$	357,518
Total liabilities and stockholders' equity	$	479,354		$	(2,408	)	$	476,946

Statement of Operations for the year ended December 31, 2013:

	Previously Reported		Adjustments			Revised
	(in thousands, except per-share data)
Benefit for income taxes	$	9,342	$	(3,524	)	$	5,818
Net income from continuing operations	$	16,391	$	(3,524	)	$	12,867
Net income	$	10,851	$	(3,524	)	$	7,327
Net income attributable to Steel Excel Inc.	$	14,195	$	(3,524	)	$	10,671
Basic and diluted income (loss) per share attributable to Steel Excel Inc.:
Net income from continuing operations	$	1.31	$	(0.28	)	$	1.03
Net income	$	1.13	$	(0.28	)	$	0.85

Statement of Comprehensive Income for the year ended December 31, 2013:

	Previously Reported			Adjustments			Revised
	(in thousands)
Net income (loss)	$	10,851		$	(3,524	)	$	7,327
Gross unrealized gains on marketable securities, net of tax	$	7,636		$	4,490		$	12,126
Reclassification to realized gains, net of tax	$	(1,642	)	$	(966	)	$	(2,608	)
Net unrealized gain on marketable securities, net of tax	$	5,994		$	3,524		$	9,518
Comprehensive loss	$	16,421		$	—		$	16,421
Comprehensive loss attributable to Steel Excel Inc.	$	19,765		$	—		$	19,765
Tax benefit on gross unrealized gains	$	(4,490	)	$	4,490		$	—
Tax benefit on reclassifications to realized gains (losses)	$	966		$	(966	)	$	—

Statement of Stockholders' Equity for the year ended December 31, 2013:

	Previously Reported		Adjustments			Revised
	(in thousands)
Net income attributable to Steel Excel Inc.	$	14,195	$	(3,524	)	$	10,671
Other comprehensive income	$	5,570	$	3,524		$	9,094

Statement of Cash Flows for the year ended December 31, 2013:

	Previously Reported			Adjustments			Revised
	(in thousands)
Net income (loss)	$	10,851		$	(3,524	)	$	7,327
Deferred income tax provision (benefit)	$	(1,536	)	$	3,524		$	1,988
Cash provided by operating activities	$	25,693		$	—		$	25,693