Steel Excel (SXCL) 10-Q 4 Nov 15 2015 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2015	Oct. 31, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	Steel Excel Inc.
Document Type	10-Q
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		11,351,542
Amendment Flag	false
Entity Central Index Key	709,804
Entity Filer Category	Accelerated Filer
Document Period End Date	Sep. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Income Statement [Abstract]
Net revenues	$ 33,480	$ 58,583	$ 107,975	$ 155,666
Cost of revenues	26,489	41,400	86,052	113,422
Gross profit	6,991	17,183	21,923	42,244
Operating expenses:
Selling, general and administrative expenses	8,108	8,730	24,150	24,748
Amortization of intangibles	1,992	2,273	6,229	7,347
Total operating expenses	10,100	11,003	30,379	32,095
Operating income (loss)	(3,109)	6,180	(8,456)	10,149
Interest expense	(627)	(778)	(1,883)	(2,468)
Impairment of marketable securities	(7,886)	0	(30,626)	0
Other income (expense), net	7,905	33	9,177	6,514
Income (loss) before income taxes and equity method income	(3,717)	5,435	(31,788)	14,195
Benefit from (provision for) income taxes	(2,393)	(517)	4,267	(1,094)
Loss from equity method investees, net of taxes	(8,153)	(4,843)	(4,818)	(3,402)
Net income (loss)	(14,263)	75	(32,339)	9,699
Net loss (income) attributable to non-controlling interests in consolidated entities	(211)	(238)	79	99
Net income (loss) attributable to Steel Excel Inc.	$ (14,474)	$ (163)	$ (32,260)	$ 9,798
Basic income (loss) per share attributable to Steel Excel Inc.:
Net income (loss) (in dollars per share)	$ (1.27)	$ (0.01)	$ (2.81)	$ 0.83
Diluted income (loss) per share attributable to Steel Excel Inc.:
Net income (loss) (in dollars per share)	$ (1.27)	$ (0.01)	$ (2.81)	$ 0.83
Shares used in computing income (loss) per share:
Basic (in Shares)	11,421	11,437	11,489	11,769
Diluted (in Shares)	11,421	11,437	11,489	11,790

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Statement of Comprehensive Income [Abstract]
Net income (loss)		$ (14,263)	$ 75	$ (32,339)	$ 9,699
Other comprehensive income (loss):
Foreign currency translation adjustment		(5)	16	(6)	30
Reclassification to realized gains		0	0	0	0
Net foreign currency translation adjustment	[1]	(5)	16	(6)	30
Gross unrealized gains on marketable securities, net of tax	[2]	(5,871)	(1,347)	(2,807)	10,071
Reclassification to realized losses (gains), net of tax	[3]	(567)	(1,345)	11,487	(3,784)
Net unrealized gain (loss) on marketable securities, net of tax		(6,438)	(2,692)	8,680	6,287
Comprehensive income (loss)		(20,706)	(2,601)	(23,665)	16,016
Comprehensive loss (income) attributable to non-controlling interest		(211)	(238)	79	99
Comprehensive income (loss) attributable to Steel Excel Inc.		(20,917)	(2,839)	(23,586)	16,115
Tax benefit on gross unrealized gains		3,279	0	1,572	0
Tax benefit (provision) on reclassifications to realized gains (losses)		$ 284	$ 0	$ (6,434)	$ 0
[1]	No tax effect on cumulative translation adjustments
[2]	Tax provision on gross unrealized gains: $3,279 $0 $1,572 $0
[3]	Tax benefit on reclassifications to realized gains: $284 $0 $(6,434) $0

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 69,746	$ 51,910
Restricted cash	20,171	21,311
Marketable securities	126,635	138,457
Accounts receivable (net of allowance for doubtful accounts of $38 in 2015)	14,113	28,016
Deferred income taxes	1,696	1,696
Prepaid expenses and other current assets	5,600	4,228
Total current assets	237,961	245,618
Property and equipment, net	99,676	107,187
Goodwill	30,864	30,864
Intangible assets, net	29,553	35,782
Other long-term investments	3,490	28,525
Investments in equity method investees ($33,177 in 2015 and $24,355 2014 reported at fair value)	36,100	30,060
Deferred income taxes	447	80
Other long-term assets	1,014	1,238
Total assets	439,105	479,354
Current liabilities:
Accounts payable	2,736	3,936
Accrued expenses and other liabilities	10,974	8,916
Financial instrument obligations	20,171	21,311
Current portion of long-term debt	13,214	13,214
Current portion of capital lease obligations	0	412
Deferred income taxes	85	85
Current liabilities of discontinued operations	450	450
Total current liabilities	47,630	48,324
Capital lease obligations, net of current portion	0	177
Long-term debt, net of current portion	56,161	66,071
Deferred income taxes	3,549	3,549
Other long-term liabilities	218	3,715
Total liabilities	$ 107,558	$ 121,836
Commitments and contingencies
Stockholders' equity:
Common stock ($0.001 par value, 18,000 shares authorized; 14,397 and 14,220 shares issued in 2015 and 2014, respectively; 11,352 and 11,406 shares outstanding in 2015 and 2014, respectively)	$ 14	$ 14
Additional paid-in capital	269,750	267,444
Accumulated other comprehensive loss	(6,532)	(15,206)
Retained earnings	154,376	186,636
Treasury stock, at cost (3,045 and 2,814 shares in 2015 and 2014, respectively)	(85,967)	(81,355)
Total Steel Excel Inc. stockholders' equity	331,641	357,533
Non-controlling interest	(94)	(15)
Total stockholders' equity	331,547	357,518
Total liabilities and stockholders' equity	$ 439,105	$ 479,354

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 38	$ 0
Fair value of equity-method investment	$ 33,177	$ 24,355
Par Value (in dollars per share)	$ 0.001	$ 0.001
Shares Authorized (in shares)	18,000,000	18,000,000
Shares Issued (in shares)	14,397,000	14,220,000
Shares Outstanding (in shares)	11,352,000	11,406,000
Treasury stock (in shares)	3,045,000	2,814,000

Consolidated Statement of Stock

Consolidated Statement of Stockholders' Equity - 9 months ended Sep. 30, 2015 - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Treasury Stock	Additional Paid-in Capital	Accumulated Other Comprehensive Income (Loss)	Retained Earnings	Non-Controlling Interest
Balance at beginning of period (in shares) at Dec. 31, 2014		14,220	2,814
Balance at beginning of period at Dec. 31, 2014	$ 357,518	$ 14	$ (81,355)	$ 267,444	$ (15,206)	$ 186,636	$ (15)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss attributable to Steel Excel Inc.	(32,260)					(32,260)
Net loss attributable to non-controlling interests	(79)						(79)
Other comprehensive income	8,674				8,674
Net issuance of restricted shares (in shares)		177
Net issuance of restricted shares	(32)			(32)
Stock-based compensation	2,338			2,338
Repurchases of common stock (in shares)			(231)
Repurchases of common stock	(4,612)		$ (4,612)
Balance at end of period (in shares) at Sep. 30, 2015		14,397	3,045
Balance at end of period at Sep. 30, 2015	$ 331,547	$ 14	$ (85,967)	$ 269,750	$ (6,532)	$ 154,376	$ (94)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Cash Flows From Operating Activities:
Net income (loss)	$ (32,339)	$ 9,699
Adjustments to reconcile net income to net cash provided by operating activities:
Loss from equity method investees	4,818	3,402
Stock-based compensation expense	2,338	2,305
Depreciation and amortization	17,768	18,127
Impairment of marketable securities	30,626	0
Deferred income tax provision (benefit)	(5,230)	408
Loss (gain) on sales of marketable securities	1,430	(4,065)
Loss (gain) on financial instrument obligations	(1,063)	752
Loss on change to equity method at fair value	2,807	568
Gain on non-monetary exchange	(9,326)	0
Other	627	561
Changes in operating assets and liabilities, net of effects of acquisitions:
Accounts receivable	13,865	(4,402)
Prepaid expenses and other assets	(1,281)	709
Accounts payable and other liabilities	(2,568)	2,725
Net cash provided by operating activities	22,472	30,789
Cash Flows From Investing Activities:
Purchases of businesses, net of cash acquired	0	(517)
Purchases of property and equipment	(4,477)	(13,610)
Proceeds from sale of property and equipment	39	413
Investments in equity method investees	0	(144)
Purchases of marketable securities	(25,590)	(99,296)
Sales of marketable securities	39,446	105,112
Maturities of marketable securities	0	4,302
Proceeds from issuance of financial instrument obligations	374	171
Repayments of financial instrument obligations	(451)	0
Other investments	0	(3,000)
Reclassification of restricted cash	1,140	(20,264)
Net cash provided by (used in) investing activities	10,481	(26,833)
Cash Flows From Financing Activities:
Repurchases of common stock - treasury shares	(4,612)	(10,354)
Repurchases of common stock - reverse/forward stock split	0	(10,071)
Repayment of subordinated notes	0	(346)
Repayments of capital lease obligations	(589)	(289)
Repayments of long-term debt	(9,910)	(9,911)
Other financing activities	0	60
Net cash used in financing activities	(15,111)	(30,911)
Net increase (decrease) in cash and cash equivalents	17,842	(26,955)
Effect of foreign currency translation on cash and cash equivalents	(6)	30
Cash and cash equivalents, beginning balance	51,910	73,602
Cash and cash equivalents, ending balance	$ 69,746	$ 46,677

Description and Basis of Presen

Description and Basis of Presentation	9 Months Ended
	Sep. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description and Basis of Presentation	Description and Basis of Presentation Steel Excel Inc. (“Steel Excel” or the “Company”) currently operates in two reporting segments - Energy and Sports. Through its wholly-owned subsidiary Steel Energy Services Ltd. ("Steel Energy"), the Company’s Energy business provides drilling and production services to the oil and gas industry. Through its wholly-owned subsidiary Steel Sports Inc., the Company’s Sports business provides event-based sports services and other health-related services. The Company also makes significant non-controlling investments in entities in industries related to its reporting segments as well as entities in other unrelated industries. The Company continues to identify business acquisition opportunities in both the Energy and Sports industries as well as in other unrelated industries. The accompanying unaudited consolidated financial statements of Steel Excel and its subsidiaries, which have been prepared in accordance with the instructions to Form 10-Q and therefore do not include all information and footnotes necessary for a fair presentation of financial position, results of operations, and cash flows in conformity with generally accepted accounting principles, should be read in conjunction with the notes to the consolidated financial statements contained in the Company’s annual report on Form 10-K for the year ended December 31, 2014 . The Company believes that all adjustments, consisting primarily of normal recurring accruals, necessary for a fair presentation have been included in the financial statements. The operating results of any period are not necessarily indicative of the results for the entire year or any future period. During 2015, the Company identified an error in the manner in which the provision for income taxes had been recorded for all quarterly and annual periods in the years ended December 31, 2014 and 2013 . The Company's balance sheet at December 31, 2014 , its statements of operations and statements of comprehensive income for the three and nine months ended September 30, 2014 , and its statement of cash flows for the nine months ended September 30, 2014 , have been revised to reflect the correction of these errors (see Note 3 ). On July 7, 2015, the Company's common stock commenced trading on the Nasdaq Capital Market under the ticker symbol "SXCL". Prior to such date, the Company's common stock traded in the over the counter market and was quoted on the OTCQB marketplace under the ticker symbol "SXCL". Certain other prior period amounts have been reclassified to conform to the 2015 financial statement presentation.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	9 Months Ended
	Sep. 30, 2015
NewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlockAbstract
Recent Accounting Pronouncements	Recent Accounting Pronouncements In April 2015, the Financial Accounting Standards Board (the "FASB") issued Accounting Standards Update (“ASU”) No. 2015-03, Interest—Imputation of Interest (Subtopic 835-30) , which requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The recognition and measurement guidance for debt issuance costs are not affected by ASU No. 2015-03. ASU No. 2015-03 is effective for financial statements issued for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years, with early adoption permitted for financial statements that have not been previously issued. Upon adoption, ASU No. 2015-03 should be applied retrospectively, with the balance sheet of each individual period presented adjusted to reflect the period-specific effects of applying the standard. The Company does not expect the adoption of ASU No. 2015-03 to have a material effect on its consolidated financial statements. In September 2015, the FASB issued ASU No. 2015-16, Business Combinations (Topic 805) , which requires that adjustments to provisional amounts recognized at the time of a business combination that are identified during the measurement period be recognized in the reporting period in which the adjustment amounts are determined. ASU No. 2015-16 also requires that the effect on earnings of changes in depreciation, amortization, or other income effects, if any, as a result of the change to the provisional amounts, calculated as if the accounting had been completed at the acquisition date, be recognized in the same period’s financial statements, with disclosure of the portion of the amount recorded in current-period earnings that would have been recorded in previous reporting periods if the adjustment to the provisional amounts had been recognized as of the acquisition date. ASU No. 2015-16 is effective for fiscal years beginning after December 15, 2015, including interim periods within those fiscal years, and should be applied prospectively to adjustments to provisional amounts that occur after the effective date. The Company does not expect the adoption of ASU No. 2015-16 to have a material effect on its consolidated financial statements.

Revised Financial Statements

Revised Financial Statements	9 Months Ended
	Sep. 30, 2015
Accounting Changes and Error Corrections [Abstract]
Revised Financial Statements	Revised Financial Statements During 2015, the Company identified an error related to the manner in which the change in the valuation allowance for deferred tax assets was reflected in its financial statements for all annual and quarterly periods in the years ended December 31, 2014 and 2013 . The change in the valuation allowance, which resulted from a change in deferred tax liabilities related to unrealized gains on available-for-sale securities, was recognized as a component of income from continuing operations, resulting in a benefit from or provision for income taxes allocated to continuing operations in each period, with an offsetting provision for or benefit from income taxes allocated to other comprehensive income relating to unrealized gains or losses on available-for-sale securities. Upon subsequent review, the Company determined that proper intra-period allocation of the provision for income taxes would have resulted in this change in the valuation allowance being allocated to other comprehensive income, resulting in no provision or benefit for such item. In periods in which the valuation allowance decreased, the impact of this error was an overstatement of income from continuing operations and an understatement of other comprehensive income; in periods in which the valuation allowance increased, the impact of this error was an understatement of income from continuing operations and an overstatement of other comprehensive income. The correction of this error has resulted in adjustments to the Company's balance sheet at December 31, 2014 , its statements of operations and statements of comprehensive income for the three and nine months ended September 30, 2014 , and its statement of cash flows for the nine months ended September 30, 2014 . The correction of this error did not result in any adjustments to the statement of operations or the statement of comprehensive income for the year ended December 31, 2014 . In addition, the Company's disclosures for the three and nine months ended September 30, 2014 , related to income taxes (see Note 12 ) and net income (loss) per share (see Note 14 ) have been revised to reflect the impact of these adjustments. As a result of these adjustments, there was no impact on any of the assets or liabilities reported at December 31, 2014 , nor was there any impact on any component of income before income taxes and equity method income for the three and nine months ended September 30, 2014 . The impact of these adjustments on the individual line items of the Company's financial statements was as follows: Balance Sheet at December 31, 2014 : Previously Reported Adjustments Revised (in thousands) Stockholders' equity: Common stock $ 14 $ — $ 14 Additional paid-in capital 267,444 — 267,444 Accumulated other comprehensive loss (18,730 ) 3,524 (15,206 ) Retained earnings 190,160 (3,524 ) 186,636 Treasury stock, at cost (81,355 ) — (81,355 ) Total Steel Excel Inc. stockholders' equity 357,533 — 357,533 Non-controlling interest (15 ) — (15 ) Total stockholders' equity $ 357,518 $ — $ 357,518 Statement of Operations for the three months ended September 30, 2014 : Previously Reported Adjustments Revised (in thousands, except per-share data) Income before income taxes and equity method income $ 5,435 $ — $ 5,435 Provision for income taxes (1,537 ) 1,020 (517 ) Loss from equity method investees, net of taxes (4,843 ) — (4,843 ) Net income (loss) (945 ) 1,020 75 Net income attributable to non-controlling interests in consolidated entities (238 ) — (238 ) Net loss attributable to Steel Excel Inc. $ (1,183 ) $ 1,020 $ (163 ) Basic and diluted income (loss) per share attributable to Steel Excel Inc.: Net loss $ (0.10 ) $ 0.09 $ (0.01 ) Statement of Operations for the nine months ended September 30, 2014 : Previously Reported Adjustments Revised (in thousands, except per-share data) Income before income taxes and equity method income $ 14,195 $ — $ 14,195 Benefit from (provision for) income taxes 1,059 (2,153 ) (1,094 ) Loss from equity method investees, net of taxes (3,402 ) — (3,402 ) Net income 11,852 (2,153 ) 9,699 Net loss attributable to non-controlling interests in consolidated entities 99 — 99 Net income attributable to Steel Excel Inc. $ 11,951 $ (2,153 ) $ 9,798 Basic income (loss) per share attributable to Steel Excel Inc.: Net income $ 1.02 $ (0.18 ) $ 0.83 Diluted income (loss) per share attributable to Steel Excel Inc.: Net income $ 1.01 $ (0.18 ) $ 0.83 Statement of Comprehensive Income for the three months ended September 30, 2014 : Previously Reported Adjustments Revised (in thousands) Net income (loss) $ (945 ) $ 1,020 $ 75 Other comprehensive income (loss): Foreign currency translation adjustment 16 — 16 Reclassification to realized gains — — — Net foreign currency translation adjustment (A) 16 — 16 Marketable securities: Gross unrealized gains on marketable securities, net of tax (B) (761 ) (586 ) (1,347 ) Reclassification to realized gains, net of tax (C) (911 ) (434 ) (1,345 ) Net unrealized gain on marketable securities, net of tax (1,672 ) (1,020 ) (2,692 ) Comprehensive loss (2,601 ) — (2,601 ) Comprehensive income attributable to non-controlling interest (238 ) — (238 ) Comprehensive loss attributable to Steel Excel Inc. $ (2,839 ) $ — $ (2,839 ) (A) No tax effect on cumulative translation adjustments (B) Tax benefit on gross unrealized gains $ 586 $ (586 ) $ — (C) Tax benefit on reclassifications to realized gains (losses) $ 434 $ (434 ) $ — Statement of Comprehensive Income for the nine months ended September 30, 2014 : Previously Reported Adjustments Revised (in thousands) Net income $ 11,852 $ (2,153 ) $ 9,699 Other comprehensive income (loss): Foreign currency translation adjustment 30 — 30 Reclassification to realized gains — — — Net foreign currency translation adjustment (A) 30 — 30 Marketable securities: Gross unrealized gains on marketable securities, net of tax (B) 6,622 3,449 10,071 Reclassification to realized gains, net of tax (C) (2,488 ) (1,296 ) (3,784 ) Net unrealized gain on marketable securities, net of tax 4,134 2,153 6,287 Comprehensive income 16,016 — 16,016 Comprehensive loss attributable to non-controlling interest 99 — 99 Comprehensive income attributable to Steel Excel Inc. $ 16,115 $ — $ 16,115 (A) No tax effect on cumulative translation adjustments (B) Tax provision on gross unrealized gains $ (3,449 ) $ 3,449 $ — (C) Tax benefit on reclassifications to realized gains (losses) $ 1,296 $ (1,296 ) $ — Statement of Cash Flows for the nine months ended September 30, 2014 : Previously Reported Adjustments Revised (in thousands) Net income $ 11,852 $ (2,153 ) $ 9,699 Deferred income tax provision (benefit) $ (1,745 ) $ 2,153 $ 408 Cash provided by operating activities $ 30,789 $ — $ 30,789 The selected quarterly financial data for the years ended December 31, 2014 and 2013 , revised to reflect the adjustments to correct the error, is as follows: Quarter Ended: March 31 June 30 September 30 December 31 (A) (in thousands, except per-share data) Year Ended December 31, 2014 (B) Net revenues $ 45,159 $ 51,924 $ 58,583 $ 54,482 Gross profits $ 10,058 $ 15,003 $ 17,183 $ 13,799 Net income (loss) from continuing operations $ 1,967 $ 7,657 $ 75 $ (33,968 ) Net income (loss) $ 1,967 $ 7,657 $ 75 $ (33,462 ) Net income (loss) attributable to Steel Excel Inc. $ 2,293 $ 7,668 $ (163 ) $ (33,605 ) Net income (loss) from continuing operations attributable to Steel Excel Inc. $ 2,293 $ 7,668 $ (163 ) $ (33,832 ) Net income (loss) from continuing operations attributable to Steel Excel Inc. per share of common stock Basic $ 0.19 $ 0.64 $ (0.01 ) $ (2.97 ) Diluted $ 0.19 $ 0.64 $ (0.01 ) $ (2.97 ) Year Ended December 31, 2013 (C) Net revenues $ 26,351 $ 28,761 $ 31,420 $ 33,496 Gross profits $ 6,983 $ 8,041 $ 8,010 $ 9,120 Net income from continuing operations $ 1,602 $ 732 $ 2,383 $ 8,150 Net income $ 1,207 $ 538 $ 1,495 $ 4,087 Net income attributable to Steel Excel Inc. $ 1,543 $ 723 $ 1,806 $ 6,599 Net income from continuing operations attributable to Steel Excel Inc. $ 1,622 $ 768 $ 2,205 $ 8,428 Net income from continuing operations attributable to Steel Excel Inc. per share of common stock Basic $ 0.13 $ 0.06 $ 0.18 $ 0.69 Diluted $ 0.13 $ 0.06 $ 0.18 $ 0.69 (A) Includes goodwill impairments of $36.7 million and a foreign tax benefit of $1.7 million . (B) Reflects adjustments to correct the provision for income taxes of $2.1 million , $1.1 million , $(1.0) million , and $(2.2) million in the four sequential quarters of 2014, respectively. (C) Reflects adjustments to the provision for income taxes of $1.8 million , $0.3 million , $0.7 million , and $0.7 million in the four sequential quarters of 2013, respectively.

Acquisitions

Acquisitions	9 Months Ended
	Sep. 30, 2015
Business Combinations [Abstract]
Acquisitions	Acquisitions In 2014, UK Elite Soccer, Inc. ("UK Elite"), the Sports' segment soccer operation, acquired the businesses and assets of three independent providers of soccer clinics and camps for a total purchase price of $1.0 million , or approximately $0.5 million net of cash acquired. In connection with these acquisitions, the Company recognized approximately $0.2 million in current assets, primarily trade receivables, approximately $0.6 million in current liabilities, primarily deferred revenue, and approximately $0.9 million in intangible assets representing customer relationships. In December 2013, Black Hawk Energy Services Ltd. ("Black Hawk Ltd."), an indirect wholly-owned subsidiary of the Company, acquired the business and substantially all of the assets of Black Hawk Energy Services, Inc., a provider of drilling and production services to the oil and gas industry, for approximately $59.6 million in cash. In April 2015, the Company received $0.5 million from the third-party escrow account as a purchase price adjustment to cover certain costs incurred. The purchase price adjustment, which occurred after the one-year measurement period, was recognized as a reduction of "Selling, general, and administrative expenses" in the consolidated statements of operations for the nine months ended September 30, 2015 .

Investments

Investments	9 Months Ended
	Sep. 30, 2015
Investments [Abstract]
Investments	Investments Marketable Securities All of the Company's marketable securities at September 30, 2015 , and December 31, 2014 , were classified as "available-for-sale" securities. Changes in fair value are recognized in stockholders' equity as "other comprehensive income (loss)", except for other-than-temporary impairments, which are reflected as a reduction of cost and charged to operations. The Company's marketable securities at September 30, 2015 , include investments in the common units of Steel Partners Holdings L.P. ("SPLP"), which beneficially owned approximately 58.2% of the Company's common stock as of September 30, 2015 . The SPLP common units held by the Company are classified as "available-for-sale" securities. As of September 30, 2015 , the Company held 442,337 SPLP common units that had a fair value of approximately $7.3 million and an unrealized loss of approximately $0.4 million . Marketable securities at September 30, 2015 , consisted of the following: Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value (in thousands) Short-term deposits $ 45,198 $ — $ — $ 45,198 Mutual funds 11,835 1,665 — 13,500 Corporate securities 82,044 5,091 (3,844 ) 83,291 Corporate obligations 34,034 228 (4,418 ) 29,844 Total available-for-sale securities 173,111 6,984 (8,262 ) 171,833 Amounts classified as cash equivalents (45,198 ) — — (45,198 ) Amounts classified as marketable securities $ 127,913 $ 6,984 $ (8,262 ) $ 126,635 Marketable securities at December 31, 2014 , consisted of the following: Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value (in thousands) Short-term deposits $ 42,681 $ — $ — $ 42,681 Mutual funds 17,030 4,262 (322 ) 20,970 Corporate securities 103,761 7,821 (23,732 ) 87,850 Corporate obligations 32,486 592 (3,441 ) 29,637 Total available-for-sale securities 195,958 12,675 (27,495 ) 181,138 Amounts classified as cash equivalents (42,681 ) — — (42,681 ) Amounts classified as marketable securities $ 153,277 $ 12,675 $ (27,495 ) $ 138,457 Proceeds from sales of marketable securities were $39.4 million and $105.1 million for the nine months ended September 30, 2015 and 2014 , respectively, and $22.8 million and $9.4 million for the three months ended September 30, 2015 and 2014 , respectively. The Company determines gains and losses from sales of marketable securities based on specific identification of the securities sold. Gross realized gains and losses from sales of marketable securities, all of which are reported as a component of "Other income (expense), net" in the consolidated statements of operations for the three and nine months ended September 30, 2015 and 2014 , were as follows: Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 (in thousands) Gross realized gains $ 2,135 $ 681 $ 4,891 $ 7,077 Gross realized losses (5,528 ) (1,683 ) (6,321 ) (3,012 ) Realized gains (losses), net $ (3,393 ) $ (1,002 ) $ (1,430 ) $ 4,065 The fair value of the Company’s marketable securities with unrealized losses at September 30, 2015 , and the duration of time that such losses had been unrealized, were as follows: Less than 12 Months 12 Months or Greater Total Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses (in thousands) Corporate securities $ 54,093 $ (3,810 ) $ 178 $ (34 ) $ 54,271 $ (3,844 ) Corporate obligations 8,709 (3,312 ) 3,705 (1,106 ) 12,414 (4,418 ) Total $ 62,802 $ (7,122 ) $ 3,883 $ (1,140 ) $ 66,685 $ (8,262 ) The fair value of the Company’s marketable securities with unrealized losses at December 31, 2014 , all of which had unrealized losses for periods of less than twelve months, were as follows: Fair Gross (in thousands) Corporate securities $ 39,869 $ (23,732 ) Corporate obligations 13,530 (3,441 ) Mutual funds 4,873 (322 ) Total $ 58,272 $ (27,495 ) Gross unrealized losses primarily related to losses on corporate securities and corporate obligations, which primarily consist of investments in equity and debt securities of publicly-traded entities. Based on the Company's evaluation of such securities, it has determined that certain unrealized losses represented other-than-temporary impairments. This determination was based on several factors, including adverse changes in the market conditions and economic environments in which the entities operate. The Company recognized impairment charges of approximately $7.9 million and $30.6 million for the three and nine months ended September 30, 2015 , respectively, equal to the costs basis of such securities in excess of their fair values. The Company has determined that there was no indication of other-than-temporary impairments on its other investments with unrealized losses as of September 30, 2015 . This determination was based on several factors, including the length of time and extent to which fair value has been less than the cost basis, the financial condition and near-term prospects of the entity, and the Company's intent and ability to hold the corporate securities for a period of time sufficient to allow for any anticipated recovery in market value. The amortized cost and estimated fair value of available-for-sale debt securities and marketable securities with no contractual maturities at September 30, 2015 , by contractual maturity, were as follows: Cost Estimated Fair Value (in thousands) Debt securities that mature in more than three years $ 34,034 $ 29,844 Securities with no contractual maturities 139,077 141,989 Total $ 173,111 $ 171,833 Financial Instrument Obligations Financial instrument obligations consisted of the following: September 30, 2015 December 31, 2014 Initial Obligation Estimated Fair Initial Obligation Estimated Fair (in thousands) Corporate securities $ 675 $ 1,024 $ 666 $ 621 Market indices 18,685 19,067 18,685 20,451 Covered call options 113 80 7 4 Naked put options — — 109 235 Total $ 19,473 $ 20,171 $ 19,467 $ 21,311 For the three and nine months ended September 30, 2015 , the Company recognized gains on the financial instrument obligations totaling $1.3 million and $1.1 million , respectively, and for the three and nine months ended September 30, 2014 , the Company incurred losses on the financial instrument obligations totaling $0.1 million and $0.8 million , respectively, all of which are included as a component of "Other income (expense), net" in the Company's consolidated statements of operations. Equity-Method Investments In January 2013, the Company acquired a 40% membership interest in Again Faster LLC ("Again Faster"), a fitness equipment company. In response to adverse developments in its business, in 2015 Again Faster began seeking out additional investors or buyers for the business and is currently pursuing other strategic alternatives, including liquidation. Based on the current state of the business and the available strategic alternatives, the Company fully impaired its investment in Again Faster as of September 30, 2015 . In August 2013, the Company acquired approximately 44.7% of the common stock of iGo, Inc. (“iGo”), a provider of accessories for mobile devices. iGo is accounted for using the traditional method of accounting for equity-method investments, with the Company recognizing its equity in the income and losses of each entity on a one-quarter lag basis. In May 2014, the Company increased its holdings of the common stock of API Technologies Corp. (“API”), a designer and manufacturer of high performance systems, subsystems, modules, and components, to 11,377,192 shares through the acquisition of 1,666,666 shares on the open market. Upon acquiring such shares the Company held approximately 20.6% of the total outstanding common stock of API. Effective as of that date the investment in API has been accounted for as an equity-method investment using the fair value option, with changes in fair value based on the market price of API's common stock recognized currently as income or loss from equity method investees. The Company elected the fair value option to account for its investment in API in order to more appropriately reflect the value of API in its financial statements. Prior to such time the investment in API was accounted for as an available-for-sale security, and upon the change in classification the Company recognized a loss of approximately $0.6 million that had previously been included as a component of "accumulated other comprehensive income". In January 2015, two members of the Company's board of directors were appointed to the eight -member board of directors of Aviat Networks, Inc. ("Aviat"), a global provider of microwave networking solutions. At the time of the appointment, the Company held 8,042,892 shares of Aviat, or approximately 12.9% of the total outstanding common stock. Effective as of the date of the appointment, the investment in Aviat has been accounted for as an equity-method investment as the Company’s voting interest and board representation provide it with significant influence over Aviat's operations. The Company elected the fair value option to account for its investment in Aviat, with changes in fair value based on the market price of Aviat's common stock recognized currently as income or loss from equity method investees, in order to more appropriately reflect the value of Aviat in its financial statements. Prior to such time the investment in Aviat was accounted for as an available-for-sale security, and upon the change in classification the Company recognized a loss of approximately $2.8 million that had previously been included as a component of "accumulated other comprehensive income". The following table summarizes the Company's equity-method investments. Ownership Carrying Value Income (Loss) Recognized Three Months Ended Nine Months Ended September 30, 2015 December 31, 2014 September 30, 2015 December 31, 2014 September 30, 2015 September 30, 2014 September 30, 2015 September 30, 2014 (in thousands) Traditional equity method Again Faster 40.0 % 40.0 % $ — $ 3,105 $ (2,548 ) $ (263 ) $ (3,105 ) $ (556 ) iGo 45.7 % 46.9 % 2,923 2,600 52 (121 ) 323 (1,926 ) Fair value option API 20.6 % 20.6 % 24,812 24,355 (3,888 ) (4,459 ) 457 (920 ) Aviat 12.9 % 8,365 (1,769 ) — (2,493 ) — Total $ 36,100 $ 30,060 $ (8,153 ) $ (4,843 ) $ (4,818 ) $ (3,402 ) The losses recognized for Again Faster for the three and nine months ended September 30, 2015 , include an impairment charge of $2.5 million . Based on the closing market price of iGo’s publicly-traded shares, the value of the Company’s investment in iGo was approximately $4.1 million at September 30, 2015 . Other Investments The Company's other long-term investments at December 31, 2014 , included a $25.0 million cost-method investment in a limited partnership that co-invested with other private investment funds in a public company. The limited partnership was liquidated in August 2015, with the Company receiving its proportionate share of the common stock of the public company investee. Upon liquidation, the Company recognized a gain on the non-monetary exchange of $9.3 million based on the fair value of the shares received of $34.3 million . The shares of common stock of the public company investee received are reported with the Company's marketable securities and are classified as "available-for-sale" securities at September 30, 2015 . The Company's other long-term investments at September 30, 2015 , include an investment in a venture capital fund totaling $0.5 million and a promissory note with an amortized cost of $3.0 million , which is a reasonable approximation of fair value at September 30, 2015 .

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2015
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements Fair values of assets and liabilities are determined based on a three-level measurement input hierarchy. Level 1 inputs are quoted prices in active markets for identical assets or liabilities as of the measurement date. Level 2 inputs are other than quoted market prices that are observable, either directly or indirectly, for an asset or liability. Level 2 inputs can include quoted prices in active markets for similar assets or liabilities, quoted prices in a market that is not active for identical assets or liabilities, or other inputs that can be corroborated by observable market data. The Company uses quoted prices of similar instruments with an active market to determine the fair value of its Level 2 investments. Level 3 inputs are unobservable for the asset or liability when there is little, if any, market activity for the asset or liability. Level 3 inputs are based on the best information available, and may include data developed by the Company. The Company uses the net asset value included in quarterly statements it receives in arrears from a venture capital fund to determine the fair value of such fund. The Company determines the fair value of certain corporate securities and corporate obligations by incorporating and reviewing prices provided by third-party pricing services based on the specific features of the underlying securities. Assets and liabilities measured at fair value on a recurring basis at September 30, 2015 , summarized by measurement input category, were as follows: Total Level 1 Level 2 Level 3 (in thousands) Assets Cash, including short-term deposits (1) $ 69,746 $ 69,746 $ — $ — Restricted cash 20,171 20,171 — — Mutual funds (2) 13,500 13,500 — — Corporate securities (2) 83,291 72,397 — 10,894 Corporate obligations (2) 29,844 — 8,709 21,135 Investments in equity-method investees 33,177 33,177 — — Investments in certain funds (3) 489 — — 489 Total assets $ 250,218 $ 208,991 $ 8,709 $ 32,518 Liabilities Financial instrument obligations $ 20,171 $ 20,171 $ — $ — (1) Reported within "Cash and cash equivalents" (2) Reported within “Marketable securities” (3) Reported within "Other long-term investments" Assets and liabilities measured at fair value on a recurring basis at December 31, 2014 , summarized by measurement input category, were as follows: Total Level 1 Level 2 Level 3 (in thousands) Assets Cash, including short-term deposits (1) $ 51,910 $ 51,910 $ — $ — Mutual funds (2) 20,970 20,970 — — Corporate securities (2) 87,850 72,798 — 15,052 Corporate obligations (2) 29,637 — 10,793 18,844 Investments in equity-method investees 24,355 24,355 — — Investments in certain funds (3) 525 — — 525 Total $ 215,247 $ 170,033 $ 10,793 $ 34,421 Liabilities Financial instrument obligations $ 21,311 $ 21,311 $ — $ — (1) Reported within "Cash and cash equivalents." (2) Reported within “Marketable securities.” (3) Reported within "Other long-term investments." There were no transfers of securities among the various measurement input levels during the nine months ended September 30, 2015 . Changes in the fair value of assets valued using Level 3 measurement inputs during the three and nine months ended September 30, 2015 and 2014 , were as follows: Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 (in thousands) Balance, beginning of period $ 35,483 $ 32,346 $ 34,421 $ 24,209 Purchases — 2,756 5,108 13,294 Sales (1,229 ) (137 ) (1,751 ) (4,869 ) Realized losses on sale — — — (129 ) Unrealized gains (losses) (1,736 ) 1,184 (5,260 ) 3,644 Balance, end of period $ 32,518 $ 36,149 $ 32,518 $ 36,149 Realized gains and losses on the sale of investments using Level 3 measurement inputs are recognized as a component of "Other income (expense), net". Unrealized gains and losses on investments using Level 3 measurement inputs are recognized as a component of "Other comprehensive income". The carrying value of the Company's long-term debt (see Note 9 ) is a reasonable approximation of its fair value since it is a variable-rate obligation.

Property and Equipment

Property and Equipment	9 Months Ended
	Sep. 30, 2015
Property, Plant and Equipment [Abstract]
Property and Equipment	Property and Equipment Property and equipment at September 30, 2015 , and December 31, 2014 , consisted of the following: September 30, 2015 December 31, 2014 (in thousands) Rigs and other equipment $ 118,884 $ 115,391 Buildings and improvements 19,377 18,977 Land 1,893 1,893 Vehicles 2,304 2,197 Furniture and fixtures 851 673 Assets in progress 473 644 143,782 139,775 Accumulated depreciation (44,106 ) (32,588 ) Property and equipment, net $ 99,676 $ 107,187 Depreciation expense was $3.9 million and $3.7 million for the three months ended September 30, 2015 and 2014 , respectively. Depreciation expense was $11.5 million and $10.8 million for the nine months ended September 30, 2015 and 2014 , respectively.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	9 Months Ended
	Sep. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets The Company's intangible assets at September 30, 2015 , and December 31, 2014 , all of which are subject to amortization, consisted of the following: September 30, 2015 December 31, 2014 Cost Accumulated Amortization Net Cost Accumulated Amortization Net (in thousands) Energy segment: Customer relationships $ 54,430 $ (27,280 ) $ 27,150 $ 54,430 $ (21,938 ) $ 32,492 Trade names 4,860 (3,629 ) 1,231 4,860 (3,161 ) 1,699 Non-compete agreement 120 (43 ) 77 120 (25 ) 95 59,410 (30,952 ) 28,458 59,410 (25,124 ) 34,286 Sports segment: Customer relationships 2,089 (1,061 ) 1,028 2,089 (678 ) 1,411 Trade names 122 (55 ) 67 122 (37 ) 85 2,211 (1,116 ) 1,095 2,211 (715 ) 1,496 Total $ 61,621 $ (32,068 ) $ 29,553 $ 61,621 $ (25,839 ) $ 35,782 Amortization expense was $2.0 million and $2.3 million for the three months ended September 30, 2015 and 2014 , respectively. Amortization expense was $6.2 million and $7.3 million for the nine months ended September 30, 2015 and 2014 , respectively. Estimated aggregate amortization expense related to the intangible assets for the remainder of 2015 and subsequent years is as follows: Amount (in thousands) Remainder of 2015 $ 1,982 2016 7,202 2017 5,972 2018 5,229 2019 2,814 Thereafter 6,354 Total $ 29,553 The changes to the Company’s carrying amount of goodwill were as follows: Nine Months Ended September 30, 2015 Year ended December 31, 2014 Energy Sports Total Energy Sports Total (in thousands) Balance, beginning of period $ 28,693 $ 2,171 $ 30,864 $ 65,359 $ 2,171 $ 67,530 Impairments — — — (36,666 ) — (36,666 ) Balance, end of period $ 28,693 $ 2,171 $ 30,864 $ 28,693 $ 2,171 $ 30,864 The Company performs its annual goodwill impairment test during the fourth quarter of each year, and more frequently if an event occurs or circumstances change to indicate that an impairment may have occurred. The Company's projections in the second quarter of 2015 reflected a decline in the projected operating income for Black Hawk Ltd. for 2015 as a result of the continuing weakness in the oil services industry and the specific adverse effects experienced by Black Hawk Ltd. in 2015. This decline in projected operating income resulted in the need to perform a goodwill impairment test for Black Hawk Ltd. during the second quarter of 2015. The fair value of Black Hawk Ltd. was determined based on a valuation using a combination of the income approach (discounted cash flows) and the market approach (guideline public companies and guideline transaction method). The fair value of Black Hawk Ltd. exceeded its carrying value, resulting in no impairment of goodwill in the period. The components of goodwill at September 30, 2015 , and December 31, 2014 , were as follows: September 30, 2015 December 31, 2014 (in thousands) Goodwill $ 73,095 $ 73,095 Accumulated impairment (42,231 ) (42,231 ) Net goodwill $ 30,864 $ 30,864

Long-term Debt

Long-term Debt	9 Months Ended
	Sep. 30, 2015
Debt Disclosure [Abstract]
Long-term Debt	Long-term Debt Steel Energy has a credit agreement, as amended (the “Amended Credit Agreement”), with Wells Fargo Bank National Association, RBS Citizens, N.A., and Comerica Bank that provides for a borrowing capacity of $105.0 million consisting of a $95.0 million secured term loan (the “Term Loan”) and up to $10.0 million in revolving loans (the “Revolving Loans”) subject to a borrowing base of 85% of the eligible accounts receivable. Borrowings under the Amended Credit Agreement are collateralized by substantially all the assets of Steel Energy and its wholly-owned subsidiaries Sun Well Service, Inc. (“Sun Well”), Rogue Pressure Services, Ltd. (“Rogue”), and Black Hawk Ltd., and a pledge of all of the issued and outstanding shares of capital stock of Sun Well, Rogue, and Black Hawk Ltd. Borrowings under the Amended Credit Agreement are fully guaranteed by Sun Well, Rogue, and Black Hawk Ltd. The carrying values as of September 30, 2015 , of the assets pledged as collateral by Steel Energy and its subsidiaries under the Amended Credit Agreement were as follows: Amount (in thousands) Cash and cash equivalents $ 43,515 Accounts receivable 12,360 Property and equipment, net 92,062 Intangible assets, net 28,458 Total $ 176,395 The Amended Credit Agreement has a term that runs through July 2018, with the Term Loan amortizing in quarterly installments of $3.3 million and a balloon payment due on the maturity date. At September 30, 2015 , $69.4 million was outstanding under the Term Loan and no amount was outstanding under the Revolving Loans. Principal payments under the Amended Credit Agreement for the remainder of 2015 and subsequent years are as follows: Amount (in thousands) Remainder of 2015 $ 3,304 2016 13,214 2017 13,214 2018 39,643 Total 69,375 Less current portion 13,214 Total long-term debt $ 56,161 The interest rate on the borrowings under the Amended Credit Agreement was 2.8% at September 30, 2015 . For the three months ended September 30, 2015 and 2014 , the Company incurred interest expense of $0.6 million and $0.8 million , respectively, in connection with the Amended Credit Agreement. For the nine months ended September 30, 2015 and 2014 , the Company incurred interest expense of $1.8 million and $2.4 million , respectively. The Company was in compliance with all financial covenants of the Amended Credit Agreement as of September 30, 2015 .

Other Liabilities

Other Liabilities	9 Months Ended
	Sep. 30, 2015
Other Liabilities Disclosure [Abstract]
Other Liabilities	Other Liabilities “Accrued expenses and other current liabilities” consisted of the following: September 30, 2015 December 31, 2014 (in thousands) Accrued compensation and related taxes $ 3,751 $ 5,471 Deferred compensation 3,535 — Deferred revenue 450 1,308 Investment purchases not settled 267 — Insurance 462 — Professional services 464 763 Accrued fuel and rig-related charges 247 601 Tax-related 1,012 238 Other 786 535 Total $ 10,974 $ 8,916 “Other long-term liabilities" consisted of the following: September 30, 2015 December 31, 2014 (in thousands) Deferred compensation $ — $ 3,709 Tax-related 177 — Other 41 6 Total $ 218 $ 3,715

Other Income (Expense), net

Other Income (Expense), net	9 Months Ended
	Sep. 30, 2015
Income Statement [Abstract]
Other Income (Expense), net	Other Income (Expense), net "Other income (expense), net" consisted of the following: Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 (in thousands) Investment income $ 1,019 $ 1,332 $ 3,504 $ 4,231 Realized gain (loss) on sales of marketable securities, net (3,393 ) (1,002 ) (1,430 ) 4,065 Realized gain (loss) on financial instrument obligations 1,346 (83 ) 1,063 (752 ) Realized loss upon change to equity method at fair value — — (2,807 ) (568 ) Realized gain on non-monetary exchange 9,326 — 9,326 — Foreign exchange loss (295 ) (223 ) (492 ) (394 ) Other (98 ) 9 13 (68 ) Other income (expense), net $ 7,905 $ 33 $ 9,177 $ 6,514

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2015
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company accounts for income taxes in accordance with Accounting Standards Codification (“ASC”) Topic 740, Income Taxes , which requires that deferred tax assets and liabilities are recognized using enacted tax rates for the effect of temporary differences between the book and tax bases of recorded assets and liabilities. ASC 740 also requires that deferred tax assets be reduced by a valuation allowance if it is more likely than not that some or all of the deferred tax assets will not be realized. Based on its history of operating losses, the Company has offset its net deferred tax assets by a full valuation allowance. Any reversal of the corresponding valuation allowance will generally result in a tax benefit being recorded in the consolidated statement of operations in the respective period in which the reversal occurs. For the three months ended September 30, 2015 , the Company recognized a provision for income taxes of $2.4 million , which primarily represented a reduction in the allowable benefit recognizable on unrealized gains on marketable securities included in other comprehensive income. For the nine months ended September 30, 2015 , the Company recognized a benefit from income taxes of $4.3 million , which consists primarily of benefits on unrealized gains on marketable securities included in other comprehensive income. For the three and nine months ended September 30, 2014 , the Company recognized a provision for income taxes of $0.5 million and $1.1 million , respectively, which primarily reflects state taxes and deferred tax liabilities attributable to the amortization of indefinite-lived intangible assets.

Stock Benefit Plans

Stock Benefit Plans	9 Months Ended
	Sep. 30, 2015
Share-based Compensation [Abstract]
Stock Benefit Plans	Stock Benefit Plans The Company grants equity-based awards to employees under its 2004 Equity Incentive Plan, as amended (the “2004 Plan”), and grants equity-based awards to non-employee directors under its 2006 Director Plan, as amended (the "2006 Plan", and together with the “2004 Plan”, the "Equity Plans"). Stock-based compensation expense by type of award, all of which was recognized as a component of "Selling, general, and administrative expenses" in the consolidated statements of operations for the nine months ended September 30, 2015 and 2014 , was as follows: Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 (in thousands) Restricted stock $ 741 $ 622 $ 2,338 $ 2,269 Stock options — — — 36 Total stock-based compensation $ 741 $ 622 $ 2,338 $ 2,305 Restricted stock activity in the Equity Plans during the nine months ended September 30, 2015 , was as follows: Shares (in thousands) Non-vested stock, January 1, 2015 57 Awarded 181 Vested (20 ) Forfeited (3 ) Non-vested stock, September 30, 2015 215 The Company did not grant any stock options during the nine months ended September 30, 2015 .

Net Income (Loss) Per Share

Net Income (Loss) Per Share	9 Months Ended
	Sep. 30, 2015
Earnings Per Share [Abstract]
Net Income (Loss) Per Share	Net Income (Loss) Per Share Basic net income (loss) attributable to Steel Excel per share of common stock is computed by dividing net income (loss) attributable to Steel Excel by the weighted-average number of common shares outstanding during the period. Diluted net income (loss) per share attributable to Steel Excel gives effect to all potentially dilutive common shares outstanding during the period. Amounts used in the calculation of basic and diluted net income (loss) per share of common stock for the three and nine months ended September 30, 2015 and 2014 , were as follows: Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 (Revised) (Revised) (in thousands, except per share data) Numerators: Net income (loss) $ (14,263 ) $ 75 $ (32,339 ) $ 9,699 Non-controlling interest (211 ) (238 ) 79 99 Net income (loss) attributable to Steel Excel Inc. $ (14,474 ) $ (163 ) $ (32,260 ) $ 9,798 Denominators: Basic weighted average common shares outstanding 11,421 11,437 11,489 11,769 Effect of dilutive securities: Stock-based awards — — — 21 Diluted weighted average common shares outstanding 11,421 11,437 11,489 11,790 Basic income (loss) per share attributable to Steel Excel Inc.: Net income (loss) $ (1.27 ) $ (0.01 ) $ (2.81 ) $ 0.83 Diluted income (loss) per share attributable to Steel Excel Inc.: Net income (loss) $ (1.27 ) $ (0.01 ) $ (2.81 ) $ 0.83 The number of shares used in the calculation of diluted earnings (loss) per share for the three and nine months ended September 30, 2015 , excluded 15,000 incremental shares related to restricted stock awards. The number of shares used in the calculation of diluted earnings (loss) per share for the three months ended September 30, 2014 , excluded 23,000 incremental shares related to restricted stock awards. Such incremental shares were excluded from the calculation of diluted earnings (loss) per share in each period due to their anti-dilutive effect on the loss from continuing operations.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income	9 Months Ended
	Sep. 30, 2015
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Income	Accumulated Other Comprehensive Income Changes in the components of "Accumulated other comprehensive income" were as follows: Unrealized Cumulative Total (in thousands) Balance, January 1, 2015 $ (14,821 ) $ (385 ) $ (15,206 ) Other comprehensive loss before reclassifications (2,807 ) (6 ) (2,813 ) Reclassifications from accumulated other comprehensive income 11,487 — 11,487 Current period other comprehensive income (loss) 8,680 (6 ) 8,674 Balance, September 30, 2015 $ (6,141 ) $ (391 ) $ (6,532 ) Amounts reclassified for realized gains or losses on sales of marketable securities and other-than-temporary impairments of marketable securities for the nine months ended September 30, 2015 , are reported as components of "Other income (expense), net" and "Impairment of marketable securities", respectively, in the consolidated statements of operations.

Segment Information

Segment Information	9 Months Ended
	Sep. 30, 2015
Segment Reporting [Abstract]
Segment Information	Segment Information The Company currently reports its business in two reportable segments - Energy and Sports. The Company measures profit or loss of its segments based on operating income (loss) before goodwill and other asset impairments. Segment information relating to the Company's results from continuing operations was as follows: Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Revenues Energy $ 23,798 $ 49,701 $ 90,397 $ 140,767 Sports 9,682 8,882 17,578 14,899 Total revenues $ 33,480 $ 58,583 $ 107,975 $ 155,666 Operating income (loss) before goodwill and other asset impairments Energy $ (498 ) $ 8,551 $ 3,692 $ 21,923 Sports 789 1,146 (1,570 ) (896 ) Total segment operating income 291 9,697 2,122 21,027 Corporate and other business activities (3,400 ) (3,517 ) (10,578 ) (10,878 ) Interest expense (627 ) (778 ) (1,883 ) (2,468 ) Impairment of marketable securities (7,886 ) — (30,626 ) — Other income (expense), net 7,905 33 9,177 6,514 Income (loss) before income taxes and equity method income $ (3,717 ) $ 5,435 $ (31,788 ) $ 14,195 Depreciation and amortization expense: Energy $ 5,440 $ 5,519 $ 16,485 $ 16,924 Sports 424 431 1,283 1,203 Total depreciation and amortization expense $ 5,864 $ 5,950 $ 17,768 $ 18,127 Segment information related to the Company's assets was as follows: September 30, 2015 December 31, 2014 (in thousands) Sports $ 14,970 $ 18,625 Energy 208,118 220,262 Corporate and other business activities 216,017 240,467 Total assets $ 439,105 $ 479,354

Related Party Transactions

Related Party Transactions	9 Months Ended
	Sep. 30, 2015
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions SPLP beneficially owned approximately 58.2% of the Company’s outstanding common stock as of September 30, 2015 . The power to vote and dispose of the securities held by SPLP is controlled by Steel Partners Holdings GP Inc. (“SPH GP”). Warren G. Lichtenstein, the Chairman of the Board of Directors and President of the Company's Sports segment, is also the Executive Chairman of SPH GP. Certain other affiliates of SPH GP hold positions with the Company, including Jack L. Howard, as Vice Chairman and principal executive officer, James F. McCabe, Jr., as Chief Financial Officer, and Leonard J. McGill, as Vice President, General Counsel, and Secretary. Warren G. Lichtenstein and Jack L. Howard are compensated with cash compensation and equity awards or equity-based awards in amounts that are consistent with the Company’s Non-employee Director Compensation Policy. In June 2015, the Company's board of directors approved a plan to purchase up to 1,000,000 common units of SPLP on the open market or in private transactions with third parties. As of September 30, 2015 , the Company held 442,337 SPLP common units that had a fair value of approximately $7.3 million (see Note 5 ). The Company has contracted with SP Corporate Services LLC (“SP Corporate”), an affiliate of SPLP, to provide executive and financial management services in the areas of finance, regulatory reporting, and other administrative and operational functions, including the services of a chief financial officer. In addition, the Company reimburses SP Corporate and other SPLP affiliates for certain expenses incurred on the Company’s behalf. During the three months ended September 30, 2015 and 2014 , the Company incurred expenses of $2.2 million in each of the periods related to services provided by SP Corporate and reimbursements of expenses incurred on its behalf by SP Corporate and its affiliates. During the nine months ended September 30, 2015 and 2014 , the Company incurred expenses of $6.8 million and $6.6 million , respectively, related to services provided by SP Corporate and reimbursements of expenses incurred on its behalf by SP Corporate and its affiliates. The Company owed SP Corporate and its affiliates $0.1 million at September 30, 2015 . The Company uses several firms to execute trades of its marketable securities and certain of its other investments. The Company uses Mutual Securities, Inc. ("Mutual Securities"), to execute certain trades, including repurchases of the Company's common stock. Jack L. Howard, the Company's principal executive officer, is a registered principal of Mutual Securities and receives commission payments from Mutual Securities after deductions for fees and expenses. During the three months ended September 30, 2015 and 2014 , the Company paid commissions to Mutual Securities totaling $77,000 and $73,000 , respectively. During the nine months ended September 30, 2015 and 2014 , the Company paid commissions to Mutual Securities totaling $106,000 and $295,000 , respectively. In October 2013, iGo contracted with SP Corporate to provide certain executive, other employee, and corporate services for a fixed annual fee of $0.4 million . In addition, iGo will reimburse SP Corporate for reasonable and necessary business expenses incurred on iGo’s behalf. The services agreement was approved by the independent directors of iGo. At September 30, 2015 , the Company held $3.3 million of short-term deposits at WebBank, a subsidiary of SPLP. For the three months ended September 30, 2015 and 2014 , the Company recorded interest income of $8,000 and $23,000 , respectively, on such deposits. For the nine months ended September 30, 2015 and 2014 , the Company recorded interest income of $36,000 and $65,000 , respectively.

Supplemental Cash Flow Informat

Supplemental Cash Flow Information	9 Months Ended
	Sep. 30, 2015
Supplemental Cash Flow Information [Abstract]
Supplemental Cash Flow Information	Supplemental Cash Flow Information Cash paid for interest and income taxes and non-cash investing and financing activities for the nine months ended September 30, 2015 and 2014 , was as follows: Nine Months Ended September 30, 2015 2014 (in thousands) Interest paid $ 1,647 $ 2,092 Income taxes paid, net of refunds $ 138 $ 151 Non-cash investing and financing activities: Reclassification of available-for-sale securities to equity method investment $ 10,858 $ 27,647 Partnership interest exchanged for marketable securities $ 25,000 $ — Securities received in exchange for financial instrument obligations $ 76 $ 19,341 Securities delivered in exchange for settlement of financial instrument obligations $ 76 $ — Restricted stock awards surrendered to satisfy tax withholding obligations upon vesting $ 32 $ 14 Contribution of advances by non-controlling interest $ — $ 268

Revised Financial Statements (T

Revised Financial Statements (Tables)	9 Months Ended
	Sep. 30, 2015
Accounting Changes and Error Corrections [Abstract]
Schedule of Error Corrections and Prior Period Adjustments	The impact of these adjustments on the individual line items of the Company's financial statements was as follows: Balance Sheet at December 31, 2014 : Previously Reported Adjustments Revised (in thousands) Stockholders' equity: Common stock $ 14 $ — $ 14 Additional paid-in capital 267,444 — 267,444 Accumulated other comprehensive loss (18,730 ) 3,524 (15,206 ) Retained earnings 190,160 (3,524 ) 186,636 Treasury stock, at cost (81,355 ) — (81,355 ) Total Steel Excel Inc. stockholders' equity 357,533 — 357,533 Non-controlling interest (15 ) — (15 ) Total stockholders' equity $ 357,518 $ — $ 357,518 Statement of Operations for the three months ended September 30, 2014 : Previously Reported Adjustments Revised (in thousands, except per-share data) Income before income taxes and equity method income $ 5,435 $ — $ 5,435 Provision for income taxes (1,537 ) 1,020 (517 ) Loss from equity method investees, net of taxes (4,843 ) — (4,843 ) Net income (loss) (945 ) 1,020 75 Net income attributable to non-controlling interests in consolidated entities (238 ) — (238 ) Net loss attributable to Steel Excel Inc. $ (1,183 ) $ 1,020 $ (163 ) Basic and diluted income (loss) per share attributable to Steel Excel Inc.: Net loss $ (0.10 ) $ 0.09 $ (0.01 ) Statement of Operations for the nine months ended September 30, 2014 : Previously Reported Adjustments Revised (in thousands, except per-share data) Income before income taxes and equity method income $ 14,195 $ — $ 14,195 Benefit from (provision for) income taxes 1,059 (2,153 ) (1,094 ) Loss from equity method investees, net of taxes (3,402 ) — (3,402 ) Net income 11,852 (2,153 ) 9,699 Net loss attributable to non-controlling interests in consolidated entities 99 — 99 Net income attributable to Steel Excel Inc. $ 11,951 $ (2,153 ) $ 9,798 Basic income (loss) per share attributable to Steel Excel Inc.: Net income $ 1.02 $ (0.18 ) $ 0.83 Diluted income (loss) per share attributable to Steel Excel Inc.: Net income $ 1.01 $ (0.18 ) $ 0.83 Statement of Comprehensive Income for the three months ended September 30, 2014 : Previously Reported Adjustments Revised (in thousands) Net income (loss) $ (945 ) $ 1,020 $ 75 Other comprehensive income (loss): Foreign currency translation adjustment 16 — 16 Reclassification to realized gains — — — Net foreign currency translation adjustment (A) 16 — 16 Marketable securities: Gross unrealized gains on marketable securities, net of tax (B) (761 ) (586 ) (1,347 ) Reclassification to realized gains, net of tax (C) (911 ) (434 ) (1,345 ) Net unrealized gain on marketable securities, net of tax (1,672 ) (1,020 ) (2,692 ) Comprehensive loss (2,601 ) — (2,601 ) Comprehensive income attributable to non-controlling interest (238 ) — (238 ) Comprehensive loss attributable to Steel Excel Inc. $ (2,839 ) $ — $ (2,839 ) (A) No tax effect on cumulative translation adjustments (B) Tax benefit on gross unrealized gains $ 586 $ (586 ) $ — (C) Tax benefit on reclassifications to realized gains (losses) $ 434 $ (434 ) $ — Statement of Comprehensive Income for the nine months ended September 30, 2014 : Previously Reported Adjustments Revised (in thousands) Net income $ 11,852 $ (2,153 ) $ 9,699 Other comprehensive income (loss): Foreign currency translation adjustment 30 — 30 Reclassification to realized gains — — — Net foreign currency translation adjustment (A) 30 — 30 Marketable securities: Gross unrealized gains on marketable securities, net of tax (B) 6,622 3,449 10,071 Reclassification to realized gains, net of tax (C) (2,488 ) (1,296 ) (3,784 ) Net unrealized gain on marketable securities, net of tax 4,134 2,153 6,287 Comprehensive income 16,016 — 16,016 Comprehensive loss attributable to non-controlling interest 99 — 99 Comprehensive income attributable to Steel Excel Inc. $ 16,115 $ — $ 16,115 (A) No tax effect on cumulative translation adjustments (B) Tax provision on gross unrealized gains $ (3,449 ) $ 3,449 $ — (C) Tax benefit on reclassifications to realized gains (losses) $ 1,296 $ (1,296 ) $ — Statement of Cash Flows for the nine months ended September 30, 2014 : Previously Reported Adjustments Revised (in thousands) Net income $ 11,852 $ (2,153 ) $ 9,699 Deferred income tax provision (benefit) $ (1,745 ) $ 2,153 $ 408 Cash provided by operating activities $ 30,789 $ — $ 30,789 The selected quarterly financial data for the years ended December 31, 2014 and 2013 , revised to reflect the adjustments to correct the error, is as follows: Quarter Ended: March 31 June 30 September 30 December 31 (A) (in thousands, except per-share data) Year Ended December 31, 2014 (B) Net revenues $ 45,159 $ 51,924 $ 58,583 $ 54,482 Gross profits $ 10,058 $ 15,003 $ 17,183 $ 13,799 Net income (loss) from continuing operations $ 1,967 $ 7,657 $ 75 $ (33,968 ) Net income (loss) $ 1,967 $ 7,657 $ 75 $ (33,462 ) Net income (loss) attributable to Steel Excel Inc. $ 2,293 $ 7,668 $ (163 ) $ (33,605 ) Net income (loss) from continuing operations attributable to Steel Excel Inc. $ 2,293 $ 7,668 $ (163 ) $ (33,832 ) Net income (loss) from continuing operations attributable to Steel Excel Inc. per share of common stock Basic $ 0.19 $ 0.64 $ (0.01 ) $ (2.97 ) Diluted $ 0.19 $ 0.64 $ (0.01 ) $ (2.97 ) Year Ended December 31, 2013 (C) Net revenues $ 26,351 $ 28,761 $ 31,420 $ 33,496 Gross profits $ 6,983 $ 8,041 $ 8,010 $ 9,120 Net income from continuing operations $ 1,602 $ 732 $ 2,383 $ 8,150 Net income $ 1,207 $ 538 $ 1,495 $ 4,087 Net income attributable to Steel Excel Inc. $ 1,543 $ 723 $ 1,806 $ 6,599 Net income from continuing operations attributable to Steel Excel Inc. $ 1,622 $ 768 $ 2,205 $ 8,428 Net income from continuing operations attributable to Steel Excel Inc. per share of common stock Basic $ 0.13 $ 0.06 $ 0.18 $ 0.69 Diluted $ 0.13 $ 0.06 $ 0.18 $ 0.69 (A) Includes goodwill impairments of $36.7 million and a foreign tax benefit of $1.7 million . (B) Reflects adjustments to correct the provision for income taxes of $2.1 million , $1.1 million , $(1.0) million , and $(2.2) million in the four sequential quarters of 2014, respectively. (C) Reflects adjustments to the provision for income taxes of $1.8 million , $0.3 million , $0.7 million , and $0.7 million in the four sequential quarters of 2013, respectively.

Investments (Tables)

Investments (Tables)	9 Months Ended
	Sep. 30, 2015
Investments [Abstract]
Investments	Marketable securities at September 30, 2015 , consisted of the following: Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value (in thousands) Short-term deposits $ 45,198 $ — $ — $ 45,198 Mutual funds 11,835 1,665 — 13,500 Corporate securities 82,044 5,091 (3,844 ) 83,291 Corporate obligations 34,034 228 (4,418 ) 29,844 Total available-for-sale securities 173,111 6,984 (8,262 ) 171,833 Amounts classified as cash equivalents (45,198 ) — — (45,198 ) Amounts classified as marketable securities $ 127,913 $ 6,984 $ (8,262 ) $ 126,635 Marketable securities at December 31, 2014 , consisted of the following: Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value (in thousands) Short-term deposits $ 42,681 $ — $ — $ 42,681 Mutual funds 17,030 4,262 (322 ) 20,970 Corporate securities 103,761 7,821 (23,732 ) 87,850 Corporate obligations 32,486 592 (3,441 ) 29,637 Total available-for-sale securities 195,958 12,675 (27,495 ) 181,138 Amounts classified as cash equivalents (42,681 ) — — (42,681 ) Amounts classified as marketable securities $ 153,277 $ 12,675 $ (27,495 ) $ 138,457
Available-for-sale Securities	Gross realized gains and losses from sales of marketable securities, all of which are reported as a component of "Other income (expense), net" in the consolidated statements of operations for the three and nine months ended September 30, 2015 and 2014 , were as follows: Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 (in thousands) Gross realized gains $ 2,135 $ 681 $ 4,891 $ 7,077 Gross realized losses (5,528 ) (1,683 ) (6,321 ) (3,012 ) Realized gains (losses), net $ (3,393 ) $ (1,002 ) $ (1,430 ) $ 4,065
Schedule of Unrealized Loss on Investments	The fair value of the Company’s marketable securities with unrealized losses at September 30, 2015 , and the duration of time that such losses had been unrealized, were as follows: Less than 12 Months 12 Months or Greater Total Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses (in thousands) Corporate securities $ 54,093 $ (3,810 ) $ 178 $ (34 ) $ 54,271 $ (3,844 ) Corporate obligations 8,709 (3,312 ) 3,705 (1,106 ) 12,414 (4,418 ) Total $ 62,802 $ (7,122 ) $ 3,883 $ (1,140 ) $ 66,685 $ (8,262 ) The fair value of the Company’s marketable securities with unrealized losses at December 31, 2014 , all of which had unrealized losses for periods of less than twelve months, were as follows: Fair Gross (in thousands) Corporate securities $ 39,869 $ (23,732 ) Corporate obligations 13,530 (3,441 ) Mutual funds 4,873 (322 ) Total $ 58,272 $ (27,495 )
Investments Classified by Contractual Maturity Date	The amortized cost and estimated fair value of available-for-sale debt securities and marketable securities with no contractual maturities at September 30, 2015 , by contractual maturity, were as follows: Cost Estimated Fair Value (in thousands) Debt securities that mature in more than three years $ 34,034 $ 29,844 Securities with no contractual maturities 139,077 141,989 Total $ 173,111 $ 171,833
Financial Instrument Obligations	Financial instrument obligations consisted of the following: September 30, 2015 December 31, 2014 Initial Obligation Estimated Fair Initial Obligation Estimated Fair (in thousands) Corporate securities $ 675 $ 1,024 $ 666 $ 621 Market indices 18,685 19,067 18,685 20,451 Covered call options 113 80 7 4 Naked put options — — 109 235 Total $ 19,473 $ 20,171 $ 19,467 $ 21,311
Equity Method Investments	The following table summarizes the Company's equity-method investments. Ownership Carrying Value Income (Loss) Recognized Three Months Ended Nine Months Ended September 30, 2015 December 31, 2014 September 30, 2015 December 31, 2014 September 30, 2015 September 30, 2014 September 30, 2015 September 30, 2014 (in thousands) Traditional equity method Again Faster 40.0 % 40.0 % $ — $ 3,105 $ (2,548 ) $ (263 ) $ (3,105 ) $ (556 ) iGo 45.7 % 46.9 % 2,923 2,600 52 (121 ) 323 (1,926 ) Fair value option API 20.6 % 20.6 % 24,812 24,355 (3,888 ) (4,459 ) 457 (920 ) Aviat 12.9 % 8,365 (1,769 ) — (2,493 ) — Total $ 36,100 $ 30,060 $ (8,153 ) $ (4,843 ) $ (4,818 ) $ (3,402 )

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2015
Fair Value Disclosures [Abstract]
Fair Value, Assets Measured on Recurring Basis	Assets and liabilities measured at fair value on a recurring basis at September 30, 2015 , summarized by measurement input category, were as follows: Total Level 1 Level 2 Level 3 (in thousands) Assets Cash, including short-term deposits (1) $ 69,746 $ 69,746 $ — $ — Restricted cash 20,171 20,171 — — Mutual funds (2) 13,500 13,500 — — Corporate securities (2) 83,291 72,397 — 10,894 Corporate obligations (2) 29,844 — 8,709 21,135 Investments in equity-method investees 33,177 33,177 — — Investments in certain funds (3) 489 — — 489 Total assets $ 250,218 $ 208,991 $ 8,709 $ 32,518 Liabilities Financial instrument obligations $ 20,171 $ 20,171 $ — $ — (1) Reported within "Cash and cash equivalents" (2) Reported within “Marketable securities” (3) Reported within "Other long-term investments" Assets and liabilities measured at fair value on a recurring basis at December 31, 2014 , summarized by measurement input category, were as follows: Total Level 1 Level 2 Level 3 (in thousands) Assets Cash, including short-term deposits (1) $ 51,910 $ 51,910 $ — $ — Mutual funds (2) 20,970 20,970 — — Corporate securities (2) 87,850 72,798 — 15,052 Corporate obligations (2) 29,637 — 10,793 18,844 Investments in equity-method investees 24,355 24,355 — — Investments in certain funds (3) 525 — — 525 Total $ 215,247 $ 170,033 $ 10,793 $ 34,421 Liabilities Financial instrument obligations $ 21,311 $ 21,311 $ — $ — (1) Reported within "Cash and cash equivalents." (2) Reported within “Marketable securities.” (3) Reported within "Other long-term investments."
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation	Changes in the fair value of assets valued using Level 3 measurement inputs during the three and nine months ended September 30, 2015 and 2014 , were as follows: Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 (in thousands) Balance, beginning of period $ 35,483 $ 32,346 $ 34,421 $ 24,209 Purchases — 2,756 5,108 13,294 Sales (1,229 ) (137 ) (1,751 ) (4,869 ) Realized losses on sale — — — (129 ) Unrealized gains (losses) (1,736 ) 1,184 (5,260 ) 3,644 Balance, end of period $ 32,518 $ 36,149 $ 32,518 $ 36,149

Property and Equipment (Tables)

Property and Equipment (Tables)	9 Months Ended
	Sep. 30, 2015
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	Property and equipment at September 30, 2015 , and December 31, 2014 , consisted of the following: September 30, 2015 December 31, 2014 (in thousands) Rigs and other equipment $ 118,884 $ 115,391 Buildings and improvements 19,377 18,977 Land 1,893 1,893 Vehicles 2,304 2,197 Furniture and fixtures 851 673 Assets in progress 473 644 143,782 139,775 Accumulated depreciation (44,106 ) (32,588 ) Property and equipment, net $ 99,676 $ 107,187

Goodwill and Other Intangible30

Goodwill and Other Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Finite-Lived Intangible Assets	The Company's intangible assets at September 30, 2015 , and December 31, 2014 , all of which are subject to amortization, consisted of the following: September 30, 2015 December 31, 2014 Cost Accumulated Amortization Net Cost Accumulated Amortization Net (in thousands) Energy segment: Customer relationships $ 54,430 $ (27,280 ) $ 27,150 $ 54,430 $ (21,938 ) $ 32,492 Trade names 4,860 (3,629 ) 1,231 4,860 (3,161 ) 1,699 Non-compete agreement 120 (43 ) 77 120 (25 ) 95 59,410 (30,952 ) 28,458 59,410 (25,124 ) 34,286 Sports segment: Customer relationships 2,089 (1,061 ) 1,028 2,089 (678 ) 1,411 Trade names 122 (55 ) 67 122 (37 ) 85 2,211 (1,116 ) 1,095 2,211 (715 ) 1,496 Total $ 61,621 $ (32,068 ) $ 29,553 $ 61,621 $ (25,839 ) $ 35,782
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense	Estimated aggregate amortization expense related to the intangible assets for the remainder of 2015 and subsequent years is as follows: Amount (in thousands) Remainder of 2015 $ 1,982 2016 7,202 2017 5,972 2018 5,229 2019 2,814 Thereafter 6,354 Total $ 29,553
Schedule of Goodwill	The changes to the Company’s carrying amount of goodwill were as follows: Nine Months Ended September 30, 2015 Year ended December 31, 2014 Energy Sports Total Energy Sports Total (in thousands) Balance, beginning of period $ 28,693 $ 2,171 $ 30,864 $ 65,359 $ 2,171 $ 67,530 Impairments — — — (36,666 ) — (36,666 ) Balance, end of period $ 28,693 $ 2,171 $ 30,864 $ 28,693 $ 2,171 $ 30,864
Schedule of Intangible Assets and Goodwill	The components of goodwill at September 30, 2015 , and December 31, 2014 , were as follows: September 30, 2015 December 31, 2014 (in thousands) Goodwill $ 73,095 $ 73,095 Accumulated impairment (42,231 ) (42,231 ) Net goodwill $ 30,864 $ 30,864

Long-term Debt (Tables)

Long-term Debt (Tables)	9 Months Ended
	Sep. 30, 2015
Debt Disclosure [Abstract]
Assets Pledged as Collateral	The carrying values as of September 30, 2015 , of the assets pledged as collateral by Steel Energy and its subsidiaries under the Amended Credit Agreement were as follows: Amount (in thousands) Cash and cash equivalents $ 43,515 Accounts receivable 12,360 Property and equipment, net 92,062 Intangible assets, net 28,458 Total $ 176,395
Schedule of Maturities of Long-term Debt	Principal payments under the Amended Credit Agreement for the remainder of 2015 and subsequent years are as follows: Amount (in thousands) Remainder of 2015 $ 3,304 2016 13,214 2017 13,214 2018 39,643 Total 69,375 Less current portion 13,214 Total long-term debt $ 56,161

Other Liabilities (Tables)

Other Liabilities (Tables)	9 Months Ended
	Sep. 30, 2015
Other Liabilities Disclosure [Abstract]
Schedule of Accrued Liabilities	“Accrued expenses and other current liabilities” consisted of the following: September 30, 2015 December 31, 2014 (in thousands) Accrued compensation and related taxes $ 3,751 $ 5,471 Deferred compensation 3,535 — Deferred revenue 450 1,308 Investment purchases not settled 267 — Insurance 462 — Professional services 464 763 Accrued fuel and rig-related charges 247 601 Tax-related 1,012 238 Other 786 535 Total $ 10,974 $ 8,916
Other Noncurrent Liabilities	“Other long-term liabilities" consisted of the following: September 30, 2015 December 31, 2014 (in thousands) Deferred compensation $ — $ 3,709 Tax-related 177 — Other 41 6 Total $ 218 $ 3,715

Other Income (Expense), net (Ta

Other Income (Expense), net (Tables)	9 Months Ended
	Sep. 30, 2015
Income Statement [Abstract]
Schedule of Other Income (Expense), Net	"Other income (expense), net" consisted of the following: Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 (in thousands) Investment income $ 1,019 $ 1,332 $ 3,504 $ 4,231 Realized gain (loss) on sales of marketable securities, net (3,393 ) (1,002 ) (1,430 ) 4,065 Realized gain (loss) on financial instrument obligations 1,346 (83 ) 1,063 (752 ) Realized loss upon change to equity method at fair value — — (2,807 ) (568 ) Realized gain on non-monetary exchange 9,326 — 9,326 — Foreign exchange loss (295 ) (223 ) (492 ) (394 ) Other (98 ) 9 13 (68 ) Other income (expense), net $ 7,905 $ 33 $ 9,177 $ 6,514

Stock Benefit Plans (Tables)

Stock Benefit Plans (Tables)	9 Months Ended
	Sep. 30, 2015
Share-based Compensation [Abstract]
Stock-based compensation expense by type of award	Stock-based compensation expense by type of award, all of which was recognized as a component of "Selling, general, and administrative expenses" in the consolidated statements of operations for the nine months ended September 30, 2015 and 2014 , was as follows: Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 (in thousands) Restricted stock $ 741 $ 622 $ 2,338 $ 2,269 Stock options — — — 36 Total stock-based compensation $ 741 $ 622 $ 2,338 $ 2,305
Restricted Stock Activity	Restricted stock activity in the Equity Plans during the nine months ended September 30, 2015 , was as follows: Shares (in thousands) Non-vested stock, January 1, 2015 57 Awarded 181 Vested (20 ) Forfeited (3 ) Non-vested stock, September 30, 2015 215

Net Income (Loss) Per Share (Ta

Net Income (Loss) Per Share (Tables)	9 Months Ended
	Sep. 30, 2015
Earnings Per Share [Abstract]
Schedule of Calculation of Numerator and Denominator in Earnings Per Share	Amounts used in the calculation of basic and diluted net income (loss) per share of common stock for the three and nine months ended September 30, 2015 and 2014 , were as follows: Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 (Revised) (Revised) (in thousands, except per share data) Numerators: Net income (loss) $ (14,263 ) $ 75 $ (32,339 ) $ 9,699 Non-controlling interest (211 ) (238 ) 79 99 Net income (loss) attributable to Steel Excel Inc. $ (14,474 ) $ (163 ) $ (32,260 ) $ 9,798 Denominators: Basic weighted average common shares outstanding 11,421 11,437 11,489 11,769 Effect of dilutive securities: Stock-based awards — — — 21 Diluted weighted average common shares outstanding 11,421 11,437 11,489 11,790 Basic income (loss) per share attributable to Steel Excel Inc.: Net income (loss) $ (1.27 ) $ (0.01 ) $ (2.81 ) $ 0.83 Diluted income (loss) per share attributable to Steel Excel Inc.: Net income (loss) $ (1.27 ) $ (0.01 ) $ (2.81 ) $ 0.83

Accumulated Other Comprehensi36

Accumulated Other Comprehensive Income (Tables)	9 Months Ended
	Sep. 30, 2015
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Schedule of Accumulated Other Comprehensive Income	Changes in the components of "Accumulated other comprehensive income" were as follows: Unrealized Cumulative Total (in thousands) Balance, January 1, 2015 $ (14,821 ) $ (385 ) $ (15,206 ) Other comprehensive loss before reclassifications (2,807 ) (6 ) (2,813 ) Reclassifications from accumulated other comprehensive income 11,487 — 11,487 Current period other comprehensive income (loss) 8,680 (6 ) 8,674 Balance, September 30, 2015 $ (6,141 ) $ (391 ) $ (6,532 )

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 30, 2015
Segment Reporting [Abstract]
Reconciliation of Operating Profit (Loss) from Segments to Consolidated	Segment information relating to the Company's results from continuing operations was as follows: Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Revenues Energy $ 23,798 $ 49,701 $ 90,397 $ 140,767 Sports 9,682 8,882 17,578 14,899 Total revenues $ 33,480 $ 58,583 $ 107,975 $ 155,666 Operating income (loss) before goodwill and other asset impairments Energy $ (498 ) $ 8,551 $ 3,692 $ 21,923 Sports 789 1,146 (1,570 ) (896 ) Total segment operating income 291 9,697 2,122 21,027 Corporate and other business activities (3,400 ) (3,517 ) (10,578 ) (10,878 ) Interest expense (627 ) (778 ) (1,883 ) (2,468 ) Impairment of marketable securities (7,886 ) — (30,626 ) — Other income (expense), net 7,905 33 9,177 6,514 Income (loss) before income taxes and equity method income $ (3,717 ) $ 5,435 $ (31,788 ) $ 14,195 Depreciation and amortization expense: Energy $ 5,440 $ 5,519 $ 16,485 $ 16,924 Sports 424 431 1,283 1,203 Total depreciation and amortization expense $ 5,864 $ 5,950 $ 17,768 $ 18,127
Reconciliation of Assets from Segment to Consolidated	Segment information related to the Company's assets was as follows: September 30, 2015 December 31, 2014 (in thousands) Sports $ 14,970 $ 18,625 Energy 208,118 220,262 Corporate and other business activities 216,017 240,467 Total assets $ 439,105 $ 479,354

Supplemental Cash Flows Informa

Supplemental Cash Flows Information (Tables)	9 Months Ended
	Sep. 30, 2015
Supplemental Cash Flow Information [Abstract]
Schedule of Cash Flow, Supplemental Disclosures	Cash paid for interest and income taxes and non-cash investing and financing activities for the nine months ended September 30, 2015 and 2014 , was as follows: Nine Months Ended September 30, 2015 2014 (in thousands) Interest paid $ 1,647 $ 2,092 Income taxes paid, net of refunds $ 138 $ 151 Non-cash investing and financing activities: Reclassification of available-for-sale securities to equity method investment $ 10,858 $ 27,647 Partnership interest exchanged for marketable securities $ 25,000 $ — Securities received in exchange for financial instrument obligations $ 76 $ 19,341 Securities delivered in exchange for settlement of financial instrument obligations $ 76 $ — Restricted stock awards surrendered to satisfy tax withholding obligations upon vesting $ 32 $ 14 Contribution of advances by non-controlling interest $ — $ 268

Description and Basis of Pres39

Description and Basis of Presentation (Detail)	9 Months Ended
	Sep. 30, 2015segment
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of reportable segments (in segments)	2

Revised Financial Statements -

Revised Financial Statements - Balance Sheet (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Common stock	$ 14	$ 14
Additional paid-in capital	269,750	267,444
Accumulated other comprehensive loss	(6,532)	(15,206)
Retained earnings	154,376	186,636
Treasury stock, at cost	(85,967)	(81,355)
Total Steel Excel Inc. stockholders' equity	331,641	357,533
Non-controlling interest	(94)	(15)
Total stockholders' equity	$ 331,547	357,518
Valuation Allowance of Deferred Tax Assets
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Common stock		14
Additional paid-in capital		267,444
Accumulated other comprehensive loss		(15,206)
Retained earnings		186,636
Treasury stock, at cost		(81,355)
Total Steel Excel Inc. stockholders' equity		357,533
Non-controlling interest		(15)
Total stockholders' equity		357,518
Valuation Allowance of Deferred Tax Assets | Previously Reported
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Common stock		14
Additional paid-in capital		267,444
Accumulated other comprehensive loss		(18,730)
Retained earnings		190,160
Treasury stock, at cost		(81,355)
Total Steel Excel Inc. stockholders' equity		357,533
Non-controlling interest		(15)
Total stockholders' equity		357,518
Valuation Allowance of Deferred Tax Assets | Adjustments
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Common stock		0
Additional paid-in capital		0
Accumulated other comprehensive loss		3,524
Retained earnings		(3,524)
Treasury stock, at cost		0
Total Steel Excel Inc. stockholders' equity		0
Non-controlling interest		0
Total stockholders' equity		$ 0

Revised Financial Statements 41

Revised Financial Statements - Statement of Operations (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended									9 Months Ended
	Sep. 30, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Sep. 30, 2015	Sep. 30, 2014
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Income before income taxes and equity method income	$ (3,717)		$ 5,435							$ (31,788)	$ 14,195
Benefit from (provision for) income taxes	(2,393)		(517)							4,267	(1,094)
Loss from equity method investees, net of taxes	(8,153)		(4,843)							(4,818)	(3,402)
Net income (loss)	(14,263)		75							(32,339)	9,699
Net loss (income) attributable to non-controlling interests in consolidated entities	(211)		(238)							79	99
Net income (loss) attributable to Steel Excel Inc.	$ (14,474)		$ (163)							$ (32,260)	$ 9,798
Basic (in dollars per share)	$ (1.27)		$ (0.01)							$ (2.81)	$ 0.83
Diluted (in dollars per share)	$ (1.27)		$ (0.01)							$ (2.81)	$ 0.83
Valuation Allowance of Deferred Tax Assets
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Income before income taxes and equity method income			$ 5,435								$ 14,195
Benefit from (provision for) income taxes			(517)								(1,094)
Loss from equity method investees, net of taxes			(4,843)								(3,402)
Net income (loss)		$ (33,462)	75	$ 7,657	$ 1,967	$ 4,087	$ 1,495	$ 538	$ 1,207		9,699
Net loss (income) attributable to non-controlling interests in consolidated entities			(238)								99
Net income (loss) attributable to Steel Excel Inc.		$ (33,605)	$ (163)	$ 7,668	$ 2,293	$ 6,599	$ 1,806	$ 723	$ 1,543		$ 9,798
Basic and diluted income (loss) per share attributable to Steel Excel Inc.: (in dollars per share)			$ (0.01)
Basic (in dollars per share)		$ (2.97)	(0.01)	$ 0.64	$ 0.19	$ 0.69	$ 0.18	$ 0.06	$ 0.13		$ 0.83
Diluted (in dollars per share)		$ (2.97)	$ (0.01)	$ 0.64	$ 0.19	$ 0.69	$ 0.18	$ 0.06	$ 0.13		$ 0.83
Valuation Allowance of Deferred Tax Assets | Previously Reported
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Income before income taxes and equity method income			$ 5,435								$ 14,195
Benefit from (provision for) income taxes			(1,537)								1,059
Loss from equity method investees, net of taxes			(4,843)								(3,402)
Net income (loss)			(945)								11,852
Net loss (income) attributable to non-controlling interests in consolidated entities			(238)								99
Net income (loss) attributable to Steel Excel Inc.			$ (1,183)								$ 11,951
Basic and diluted income (loss) per share attributable to Steel Excel Inc.: (in dollars per share)			$ (0.10)
Basic (in dollars per share)											$ 1.02
Diluted (in dollars per share)											$ 1.01
Valuation Allowance of Deferred Tax Assets | Adjustments
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Income before income taxes and equity method income			$ 0								$ 0
Benefit from (provision for) income taxes		$ 2,200	1,020	$ (1,100)	$ (2,100)	$ (700)	$ (700)	$ (300)	$ (1,800)		(2,153)
Loss from equity method investees, net of taxes			0								0
Net income (loss)			1,020								(2,153)
Net loss (income) attributable to non-controlling interests in consolidated entities			0								0
Net income (loss) attributable to Steel Excel Inc.			$ 1,020								$ (2,153)
Basic and diluted income (loss) per share attributable to Steel Excel Inc.: (in dollars per share)			$ 0.09
Basic (in dollars per share)											$ (0.18)
Diluted (in dollars per share)											$ (0.18)

Revised Financial Statements 42

Revised Financial Statements - Statement of Comprehensive Income (Details) - USD ($) $ in Thousands		3 Months Ended									9 Months Ended
		Sep. 30, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Sep. 30, 2015	Sep. 30, 2014
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Net income (loss)		$ (14,263)		$ 75							$ (32,339)	$ 9,699
Foreign currency translation adjustment		(5)		16							(6)	30
Reclassification to realized gains		0		0							0	0
Net foreign currency translation adjustment	[1]	(5)		16							(6)	30
Gross unrealized gains on marketable securities, net of tax	[2]	(5,871)		(1,347)							(2,807)	10,071
Reclassification to realized gains, net of tax	[3]	(567)		(1,345)							11,487	(3,784)
Net unrealized gain (loss) on marketable securities, net of tax		(6,438)		(2,692)							8,680	6,287
Comprehensive income (loss)		(20,706)		(2,601)							(23,665)	16,016
Comprehensive loss (income) attributable to non-controlling interest		(211)		(238)							79	99
Comprehensive income (loss) attributable to Steel Excel Inc.		(20,917)		(2,839)							(23,586)	16,115
Tax benefit on gross unrealized gains		3,279		0							1,572	0
Tax benefit on reclassifications to realized gains (losses)		$ 284		0							$ (6,434)	0
Valuation Allowance of Deferred Tax Assets
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Net income (loss)			$ (33,462)	75	$ 7,657	$ 1,967	$ 4,087	$ 1,495	$ 538	$ 1,207		9,699
Foreign currency translation adjustment				16								30
Reclassification to realized gains				0								0
Net foreign currency translation adjustment				16								30
Gross unrealized gains on marketable securities, net of tax				(1,347)								10,071
Reclassification to realized gains, net of tax				(1,345)								(3,784)
Net unrealized gain (loss) on marketable securities, net of tax				(2,692)								6,287
Comprehensive income (loss)				(2,601)								16,016
Comprehensive loss (income) attributable to non-controlling interest				(238)								99
Comprehensive income (loss) attributable to Steel Excel Inc.				(2,839)								16,115
Tax benefit on gross unrealized gains				0								0
Tax benefit on reclassifications to realized gains (losses)				0								0
Valuation Allowance of Deferred Tax Assets | Previously Reported
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Net income (loss)				(945)								11,852
Foreign currency translation adjustment				16								30
Reclassification to realized gains				0								0
Net foreign currency translation adjustment				16								30
Gross unrealized gains on marketable securities, net of tax				(761)								6,622
Reclassification to realized gains, net of tax				(911)								(2,488)
Net unrealized gain (loss) on marketable securities, net of tax				(1,672)								4,134
Comprehensive income (loss)				(2,601)								16,016
Comprehensive loss (income) attributable to non-controlling interest				(238)								99
Comprehensive income (loss) attributable to Steel Excel Inc.				(2,839)								16,115
Tax benefit on gross unrealized gains				(586)								(3,449)
Tax benefit on reclassifications to realized gains (losses)				434								1,296
Valuation Allowance of Deferred Tax Assets | Adjustments
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Net income (loss)				1,020								(2,153)
Foreign currency translation adjustment				0								0
Reclassification to realized gains				0								0
Net foreign currency translation adjustment				0								0
Gross unrealized gains on marketable securities, net of tax				(586)								3,449
Reclassification to realized gains, net of tax				(434)								(1,296)
Net unrealized gain (loss) on marketable securities, net of tax				(1,020)								2,153
Comprehensive income (loss)				0								0
Comprehensive loss (income) attributable to non-controlling interest				0								0
Comprehensive income (loss) attributable to Steel Excel Inc.				0								0
Tax benefit on gross unrealized gains				586								3,449
Tax benefit on reclassifications to realized gains (losses)				$ (434)								$ (1,296)
[1]	No tax effect on cumulative translation adjustments
[2]	Tax provision on gross unrealized gains: $3,279 $0 $1,572 $0
[3]	Tax benefit on reclassifications to realized gains: $284 $0 $(6,434) $0

Revised Financial Statements 43

Revised Financial Statements - Statement of Cash Flows (Details) - USD ($) $ in Thousands	3 Months Ended									9 Months Ended
	Sep. 30, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Sep. 30, 2015	Sep. 30, 2014
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Net income	$ (14,263)		$ 75							$ (32,339)	$ 9,699
Deferred income tax provision (benefit)										(5,230)	408
Cash provided by operating activities										$ 22,472	30,789
Valuation Allowance of Deferred Tax Assets
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Net income		$ (33,462)	75	$ 7,657	$ 1,967	$ 4,087	$ 1,495	$ 538	$ 1,207		9,699
Deferred income tax provision (benefit)											408
Cash provided by operating activities											30,789
Valuation Allowance of Deferred Tax Assets | Previously Reported
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Net income			(945)								11,852
Deferred income tax provision (benefit)											(1,745)
Cash provided by operating activities											30,789
Valuation Allowance of Deferred Tax Assets | Adjustments
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Net income			$ 1,020								(2,153)
Deferred income tax provision (benefit)											2,153
Cash provided by operating activities											$ 0

Revised Financial Statements 44

Revised Financial Statements - Quarterly Financial Data (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended									9 Months Ended
	Sep. 30, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Sep. 30, 2015	Sep. 30, 2014
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Net revenues	$ 33,480		$ 58,583							$ 107,975	$ 155,666
Gross profits	6,991		17,183							21,923	42,244
Net income (loss) from continuing operations	(14,263)		75							(32,339)	9,699
Net income (loss)	(14,263)		75							(32,339)	9,699
Net income (loss) attributable to Steel Excel Inc.	$ (14,474)		$ (163)							$ (32,260)	$ 9,798
Basic (in dollars per share)	$ (1.27)		$ (0.01)							$ (2.81)	$ 0.83
Diluted (in dollars per share)	$ (1.27)		$ (0.01)							$ (2.81)	$ 0.83
Valuation Allowance of Deferred Tax Assets
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Net revenues		$ 54,482	$ 58,583	$ 51,924	$ 45,159	$ 33,496	$ 31,420	$ 28,761	$ 26,351
Gross profits		13,799	17,183	15,003	10,058	9,120	8,010	8,041	6,983
Net income (loss) from continuing operations		(33,968)	75	7,657	1,967	8,150	2,383	732	1,602
Net income (loss)		(33,462)	75	7,657	1,967	4,087	1,495	538	1,207		$ 9,699
Net income (loss) attributable to Steel Excel Inc.		(33,605)	(163)	7,668	2,293	6,599	1,806	723	1,543		$ 9,798
Net income (loss) from continuing operations attributable to Steel Excel Inc.		$ (33,832)	$ (163)	$ 7,668	$ 2,293	$ 8,428	$ 2,205	$ 768	$ 1,622
Basic (in dollars per share)		$ (2.97)	$ (0.01)	$ 0.64	$ 0.19	$ 0.69	$ 0.18	$ 0.06	$ 0.13		$ 0.83
Diluted (in dollars per share)		$ (2.97)	$ (0.01)	$ 0.64	$ 0.19	$ 0.69	$ 0.18	$ 0.06	$ 0.13		$ 0.83

Revised Financial Statements 45

Revised Financial Statements - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended									9 Months Ended		12 Months Ended
	Sep. 30, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Goodwill impairments										$ 0		$ 36,666
Provision for income taxes	$ 2,393		$ 517							$ (4,267)	$ 1,094
Valuation Allowance of Deferred Tax Assets
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Goodwill impairments		$ 36,700
Foreign tax benefit		1,700
Provision for income taxes			517								1,094
Valuation Allowance of Deferred Tax Assets | Adjustments
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Provision for income taxes		$ (2,200)	$ (1,020)	$ 1,100	$ 2,100	$ 700	$ 700	$ 300	$ 1,800		$ 2,153

Acquisitions (Detail)

Acquisitions (Detail) $ in Millions	1 Months Ended		12 Months Ended
	Apr. 30, 2015USD ($)	Dec. 31, 2013USD ($)	Dec. 31, 2014USD ($)business
UK Elite Soccer, Inc. | Provider of Soccer Clinics
Number of businesses acquired | business			3
Total purchase price			$ 1
Purchase price net of cash acquired			0.5
UK Elite Soccer, Inc. | Customer relationships | Provider of Soccer Clinics
Current assets			0.2
Current liabilities			0.6
Intangible assets			$ 0.9
Black Hawk Energy Services Ltd. | Black Hawk Energy Services, Inc.
Total purchase price		$ 59.6
Selling, General and Administrative Expenses | Black Hawk Energy Services Ltd. | Black Hawk Energy Services, Inc.
Escrow	$ 0.5

Investments (Detail)

Investments (Detail) $ in Thousands	1 Months Ended			3 Months Ended		9 Months Ended
	Aug. 31, 2015USD ($)	Jan. 31, 2015USD ($)directorshares	May. 31, 2014USD ($)shares	Sep. 30, 2015USD ($)shares	Sep. 30, 2014USD ($)	Sep. 30, 2015USD ($)shares	Sep. 30, 2014USD ($)	Dec. 31, 2014USD ($)	Aug. 31, 2013	Jan. 31, 2013
Fair value				$ 171,833		$ 171,833		$ 181,138
Gross Unrealized Losses				8,262		8,262		27,495
Sales of marketable securities				22,800	$ 9,400	39,446	$ 105,112
Impairment of marketable securities				(7,886)	0	(30,626)	0
Realized loss on financial instrument obligation				(1,300)	100	(1,100)	800
Loss on change to equity method at fair value				0	0	2,807	568
Value of investment				33,177		33,177		24,355
Cost-method investments				3,490		3,490		$ 28,525
Realized gain on non-monetary exchange				9,326	$ 0	9,326	$ 0
Venture Capital Funds
Other investments				500		500
Promissory Note
Other investments				$ 3,000		$ 3,000
Steel Partners
Common units (in shares) | shares				442,337		442,337
Fair value				$ 7,300		$ 7,300
Gross Unrealized Losses				$ 400		$ 400
Again Faster
Ownership (as a percent)				40.00%		40.00%		40.00%
Membership interest (as a percent)									44.70%	40.00%
Impairment charge				$ 2,500
API
Ownership (as a percent)			20.60%	20.60%		20.60%		20.60%
Number of shares held | shares			11,377,192
Number of shares purchased | shares			1,666,666
Loss on change to equity method at fair value			$ 600
Aviat Networks, Inc.
Ownership (as a percent)		12.90%		12.90%		12.90%
Number of shares held | shares		8,042,892
Loss on change to equity method at fair value		$ 2,800
Number of directors | director		2
Number of directors on board | director		8
iGo
Ownership (as a percent)				45.70%		45.70%		46.90%
Value of investment				$ 4,100		$ 4,100
Partnership
Cost-method investments								$ 25,000
Realized gain on non-monetary exchange	$ 9,326
Value of shares received				$ 34,300		$ 34,300
Steel Partners | Steel Excel
Ownership (as a percent)				58.20%		58.20%

Investments - Portfolio of mark

Investments - Portfolio of marketable securities (Detail) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Available-for-sale securities:
Cost	$ 173,111	$ 195,958
Gross Unrealized Gains	6,984	12,675
Gross Unrealized Losses	(8,262)	(27,495)
Estimated Fair Value	171,833	181,138
Amounts classified as cash equivalents	(45,198)	(42,681)
Marketable securities cost	127,913	153,277
Marketable securities estimated fair value	126,635	138,457
Short-term deposits
Available-for-sale securities:
Cost	45,198	42,681
Gross Unrealized Gains	0	0
Gross Unrealized Losses	0	0
Estimated Fair Value	45,198	42,681
Mutual funds
Available-for-sale securities:
Cost	11,835	17,030
Gross Unrealized Gains	1,665	4,262
Gross Unrealized Losses	0	(322)
Estimated Fair Value	13,500	20,970
Corporate securities
Available-for-sale securities:
Cost	82,044	103,761
Gross Unrealized Gains	5,091	7,821
Gross Unrealized Losses	(3,844)	(23,732)
Estimated Fair Value	83,291	87,850
Corporate obligations
Available-for-sale securities:
Cost	34,034	32,486
Gross Unrealized Gains	228	592
Gross Unrealized Losses	(4,418)	(3,441)
Estimated Fair Value	$ 29,844	$ 29,637

Investments - Fair value and gr

Investments - Fair value and gross unrealized losses of the available for sale securities (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Gross realized gains	$ 2,135	$ 681	$ 4,891	$ 7,077
Gross realized losses	(5,528)	(1,683)	(6,321)	(3,012)
Realized gains (losses), net	(3,393)	$ (1,002)	(1,430)	$ 4,065
Fair Value
Less than 12 Months	62,802		62,802
12 Months or Greater	3,883		3,883
Total	66,685		66,685		$ 58,272
Gross Unrealized Losses
Less than 12 Months	(7,122)		(7,122)
12 Months or Greater	(1,140)		(1,140)
Total	(8,262)		(8,262)		(27,495)
Corporate securities
Fair Value
Less than 12 Months	54,093		54,093
12 Months or Greater	178		178
Total	54,271		54,271		39,869
Gross Unrealized Losses
Less than 12 Months	(3,810)		(3,810)
12 Months or Greater	(34)		(34)
Total	(3,844)		(3,844)		(23,732)
Corporate obligations
Fair Value
Less than 12 Months	8,709		8,709
12 Months or Greater	3,705		3,705
Total	12,414		12,414		13,530
Gross Unrealized Losses
Less than 12 Months	(3,312)		(3,312)
12 Months or Greater	(1,106)		(1,106)
Total	$ (4,418)		$ (4,418)		(3,441)
Mutual funds
Fair Value
Total					4,873
Gross Unrealized Losses
Total					$ (322)

Investments - Amortized cost a

Investments - Amortized cost and estimated fair value of investments in available-for-sale securities, by contractual maturity (Details) $ in Thousands	Sep. 30, 2015USD ($)
Cost
Mature in more than three years	$ 34,034
Securities with no contractual maturities	139,077
Total	173,111
Estimated Fair Value
Mature in more than three years	29,844
Securities with no contractual maturities	141,989
Total	$ 171,833

Investments - Financial Instrum

Investments - Financial Instrument Obligations (Details) - Financial instrument liabilities - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Schedule of Available-for-sale Securities [Line Items]
Initial Obligation	$ 19,473	$ 19,467
Estimated Fair Value	20,171	21,311
Corporate securities
Schedule of Available-for-sale Securities [Line Items]
Initial Obligation	675	666
Estimated Fair Value	1,024	621
Market indices
Schedule of Available-for-sale Securities [Line Items]
Initial Obligation	18,685	18,685
Estimated Fair Value	19,067	20,451
Covered call options
Schedule of Available-for-sale Securities [Line Items]
Initial Obligation	113	7
Estimated Fair Value	80	4
Naked put options
Schedule of Available-for-sale Securities [Line Items]
Initial Obligation	0	109
Estimated Fair Value	$ 0	$ 235

Investments - Equity Method Inv

Investments - Equity Method Investments (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Jan. 31, 2015	Dec. 31, 2014	May. 31, 2014
Schedule of Equity Method Investments [Line Items]
Carrying Value	$ 36,100		$ 36,100			$ 30,060
Income (Loss) Recognized	$ (8,153)	$ (4,843)	$ (4,818)	$ (3,402)
Again Faster
Schedule of Equity Method Investments [Line Items]
Ownership (as a percent)	40.00%		40.00%			40.00%
Carrying Value	$ 0		$ 0			$ 3,105
Income (Loss) Recognized	$ (2,548)	(263)	$ (3,105)	(556)
iGo
Schedule of Equity Method Investments [Line Items]
Ownership (as a percent)	45.70%		45.70%			46.90%
Carrying Value	$ 2,923		$ 2,923			$ 2,600
Income (Loss) Recognized	$ 52	(121)	$ 323	(1,926)
API
Schedule of Equity Method Investments [Line Items]
Ownership (as a percent)	20.60%		20.60%			20.60%	20.60%
Carrying Value	$ 24,812		$ 24,812			$ 24,355
Income (Loss) Recognized	$ (3,888)	(4,459)	$ 457	(920)
Aviat
Schedule of Equity Method Investments [Line Items]
Ownership (as a percent)	12.90%		12.90%		12.90%
Carrying Value	$ 8,365		$ 8,365
Income (Loss) Recognized	$ (1,769)	$ 0	$ (2,493)	$ 0

Fair Value Measurements - Finan

Fair Value Measurements - Financial assets measured at fair value on a recurring basis (Detail) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Financial instrument obligations
Liabilities	$ 20,171	$ 21,311
Cash, including short-term deposits
Assets	69,746	51,910
Restricted cash
Assets	20,171
Mutual funds
Assets	13,500	20,970
Corporate securities
Assets	83,291	87,850
Corporate obligations
Assets	29,844	29,637
Investments in equity-method investees
Assets	33,177	24,355
Investments in certain funds
Assets	489	525
Financial Assets
Assets	250,218	215,247
Level 1 | Financial instrument obligations
Liabilities	20,171	21,311
Level 1 | Cash, including short-term deposits
Assets	69,746	51,910
Level 1 | Restricted cash
Assets	20,171
Level 1 | Mutual funds
Assets	13,500	20,970
Level 1 | Corporate securities
Assets	72,397	72,798
Level 1 | Corporate obligations
Assets	0	0
Level 1 | Investments in equity-method investees
Assets	33,177	24,355
Level 1 | Investments in certain funds
Assets	0	0
Level 1 | Financial Assets
Assets	208,991	170,033
Level 2 | Financial instrument obligations
Liabilities	0	0
Level 2 | Cash, including short-term deposits
Assets	0	0
Level 2 | Restricted cash
Assets	0
Level 2 | Mutual funds
Assets	0	0
Level 2 | Corporate securities
Assets	0	0
Level 2 | Corporate obligations
Assets	8,709	10,793
Level 2 | Investments in equity-method investees
Assets	0	0
Level 2 | Investments in certain funds
Assets	0	0
Level 2 | Financial Assets
Assets	8,709	10,793
Level 3 | Financial instrument obligations
Liabilities	0	0
Level 3 | Cash, including short-term deposits
Assets	0	0
Level 3 | Restricted cash
Assets	0
Level 3 | Mutual funds
Assets	0	0
Level 3 | Corporate securities
Assets	10,894	15,052
Level 3 | Corporate obligations
Assets	21,135	18,844
Level 3 | Investments in equity-method investees
Assets	0	0
Level 3 | Investments in certain funds
Assets	489	525
Level 3 | Financial Assets
Assets	$ 32,518	$ 34,421

Fair Value Measurements - Recon

Fair Value Measurements - Reconciliation of the beginning and ending balances of the Level 3 assets and liabilities (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, Beginning	$ 35,483	$ 32,346	$ 34,421	$ 24,209
Purchases	0	2,756	5,108	13,294
Sales	(1,229)	(137)	(1,751)	(4,869)
Realized losses on sale	0	0	0	(129)
Unrealized gains (losses)	(1,736)	1,184	(5,260)	3,644
Balance, End	$ 32,518	$ 36,149	$ 32,518	$ 36,149

Property and Equipment - Schedu

Property and Equipment - Schedule (Detail) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Property and equipment, gross	$ 143,782	$ 139,775
Accumulated depreciation	(44,106)	(32,588)
Property and equipment, net	99,676	107,187
Rigs and other equipment
Property and equipment, gross	118,884	115,391
Buildings and improvements
Property and equipment, gross	19,377	18,977
Land
Property and equipment, gross	1,893	1,893
Vehicles
Property and equipment, gross	2,304	2,197
Furniture and fixtures
Property and equipment, gross	851	673
Assets in progress
Property and equipment, gross	$ 473	$ 644

Property and Equipment (Detail)

Property and Equipment (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Property, Plant and Equipment [Abstract]
Depreciation	$ 3.9	$ 3.7	$ 11.5	$ 10.8

Goodwill and Other Intangible57

Goodwill and Other Intangible Assets - Intangible Assets, net (Detail) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Finite-Lived Intangible Assets [Line Items]
Cost	$ 61,621	$ 61,621
Accumulated Amortization	(32,068)	(25,839)
Net	29,553	35,782
Energy segment:
Finite-Lived Intangible Assets [Line Items]
Cost	59,410	59,410
Accumulated Amortization	(30,952)	(25,124)
Net	28,458	34,286
Sports segment:
Finite-Lived Intangible Assets [Line Items]
Cost	2,211	2,211
Accumulated Amortization	(1,116)	(715)
Net	1,095	1,496
Customer relationships | Energy segment:
Finite-Lived Intangible Assets [Line Items]
Cost	54,430	54,430
Accumulated Amortization	(27,280)	(21,938)
Net	27,150	32,492
Customer relationships | Sports segment:
Finite-Lived Intangible Assets [Line Items]
Cost	2,089	2,089
Accumulated Amortization	(1,061)	(678)
Net	1,028	1,411
Trade names | Energy segment:
Finite-Lived Intangible Assets [Line Items]
Cost	4,860	4,860
Accumulated Amortization	(3,629)	(3,161)
Net	1,231	1,699
Trade names | Sports segment:
Finite-Lived Intangible Assets [Line Items]
Cost	122	122
Accumulated Amortization	(55)	(37)
Net	67	85
Non-compete agreement | Energy segment:
Finite-Lived Intangible Assets [Line Items]
Cost	120	120
Accumulated Amortization	(43)	(25)
Net	$ 77	$ 95

Goodwill and Other Intangible58

Goodwill and Other Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization of intangibles	$ 1,992	$ 2,273	$ 6,229	$ 7,347

Goodwill and Other Intangible59

Goodwill and Other Intangible Assets - Estimated Aggregate Future Amortization Expense: (Details) $ in Thousands	Sep. 30, 2015USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Remainder of 2015	$ 1,982
2,016	7,202
2,017	5,972
2,018	5,229
2,019	2,814
Thereafter	6,354
Total	$ 29,553

Goodwill and Other Intangible60

Goodwill and Other Intangible Assets - Goodwill reconciliation (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Goodwill [Roll Forward]
Balance, beginning of period	$ 30,864	$ 67,530
Impairments	0	(36,666)
Balance, end of period	30,864	30,864
Energy segment:
Goodwill [Roll Forward]
Balance, beginning of period	28,693	65,359
Impairments	0	(36,666)
Balance, end of period	28,693	28,693
Sports segment:
Goodwill [Roll Forward]
Balance, beginning of period	2,171	2,171
Impairments	0	0
Balance, end of period	$ 2,171	$ 2,171

Goodwill and Other Intangible61

Goodwill and Other Intangible Assets - Components of Goodwill (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014	Dec. 31, 2013
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	$ 73,095	$ 73,095
Accumulated impairment	(42,231)	(42,231)
Goodwill	$ 30,864	$ 30,864	$ 67,530

Long-term Debt (Details)

Long-term Debt (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Debt Instrument [Line Items]
Long-term debt	$ 69,375,000		$ 69,375,000
Interest expense	627,000	$ 778,000	1,883,000	$ 2,468,000
Steel Energy Ltd
Debt Instrument [Line Items]
Long-term debt	69,400,000		69,400,000
Energy Credit Agreement | Long-term Debt | Steel Energy Ltd
Debt Instrument [Line Items]
Long-term debt	105,000,000		105,000,000
Energy Credit Agreement | Term Loan | Steel Energy Ltd
Debt Instrument [Line Items]
Long-term debt	95,000,000		95,000,000
Energy Credit Agreement | Line of Credit | Revolving Credit Facility | Steel Energy Ltd
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 10,000,000		$ 10,000,000
Borrowing base of eligible accounts receivable (as a percent)			85.00%
Amended Credit Agreement | Steel Energy Ltd
Debt Instrument [Line Items]
Interest rate (as a percent)	2.80%		2.80%
Interest expense	$ 600,000	$ 800,000	$ 1,800,000	$ 2,400,000
Amended Credit Agreement | Long-term Debt | Steel Energy Ltd
Debt Instrument [Line Items]
Quarterly installments	$ 3,300,000		$ 3,300,000

Long-term Debt - Assets Pledged

Long-term Debt - Assets Pledged as Collateral (Details) - Steel Energy Ltd and Subsidiaries $ in Thousands	Sep. 30, 2015USD ($)
Debt Instrument [Line Items]
Cash and cash equivalents	$ 43,515
Accounts receivable	12,360
Property and equipment, net	92,062
Intangible assets, net	28,458
Total	$ 176,395

Long-term Debt - Principal paym

Long-term Debt - Principal payments under the Energy Credit Agreement (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Debt Disclosure [Abstract]
Remainder of 2015	$ 3,304
2,016	13,214
2,017	13,214
2,018	39,643
Total	69,375
Less current portion	13,214	$ 13,214
Total long-term debt	$ 56,161	$ 66,071

Other Liabilities - Accrued and

Other Liabilities - Accrued and other liabilities (Detail) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Accrued and other liabilities	$ 10,974	$ 8,916
Accrued compensation and related taxes
Accrued and other liabilities	3,751	5,471
Deferred compensation
Accrued and other liabilities	3,535	0
Deferred revenue
Accrued and other liabilities	450	1,308
Investment purchases not settled
Accrued and other liabilities	267	0
Insurance
Accrued and other liabilities	462	0
Professional services
Accrued and other liabilities	464	763
Accrued fuel and rig-related charges
Accrued and other liabilities	247	601
Tax-related
Accrued and other liabilities	1,012	238
Other
Accrued and other liabilities	$ 786	$ 535

Other Liabilities - Other long-

Other Liabilities - Other long-term liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Other Liabilities Disclosure [Abstract]
Deferred compensation	$ 0	$ 3,709
Tax-related	177	0
Other	41	6
Total	$ 218	$ 3,715

Other Income (Expense), net (De

Other Income (Expense), net (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Income Statement [Abstract]
Investment income	$ 1,019	$ 1,332	$ 3,504	$ 4,231
Realized gain (loss) on sales of marketable securities, net	(3,393)	(1,002)	(1,430)	4,065
Realized gain (loss) on financial instrument obligations	1,346	(83)	1,063	(752)
Realized loss upon change to equity method at fair value	0	0	(2,807)	(568)
Realized gain on non-monetary exchange	9,326	0	9,326	0
Foreign exchange loss	(295)	(223)	(492)	(394)
Other	(98)	9	13	(68)
Other income (expense), net	$ 7,905	$ 33	$ 9,177	$ 6,514

Income Taxes (Detail)

Income Taxes (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Income Tax Disclosure [Abstract]
Income tax expense (benefit)	$ 2,393	$ 517	$ (4,267)	$ 1,094

Stock Benefit Plans - Stock-bas

Stock Benefit Plans - Stock-based compensation expenses (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Total stock-based compensation	$ 741	$ 622	$ 2,338	$ 2,305
Restricted stock
Total stock-based compensation	741	622	2,338	2,269
Stock options
Total stock-based compensation	$ 0	$ 0	$ 0	$ 36

Stock Benefit Plans - Restricte

Stock Benefit Plans - Restricted Stock Activity (Details) - Restricted stock shares in Thousands	9 Months Ended
	Sep. 30, 2015shares
Restricted Stock Activity (in shares)
Balance, beginning of period	57
Awarded	181
Vested	(20)
Forfeited	(3)
Balance, end of period	215

Net Income (Loss) Per Share - R

Net Income (Loss) Per Share - Reconciliation of the numerator and denominator of the basic and diluted net (loss) income per share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Numerators:
Net income (loss)	$ (14,263)	$ 75	$ (32,339)	$ 9,699
Non-controlling interest	(211)	(238)	79	99
Net income (loss) attributable to Steel Excel Inc.	$ (14,474)	$ (163)	$ (32,260)	$ 9,798
Denominators:
Basic weighted average common shares outstanding (in Shares)	11,421	11,437	11,489	11,769
Effect of dilutive securities:
Stock-based awards (in shares)	0	0	0	21
Diluted weighted average common shares outstanding (in Shares)	11,421	11,437	11,489	11,790
Basic income (loss) per share attributable to Steel Excel Inc.:
Net income (loss) (in dollars per share)	$ (1.27)	$ (0.01)	$ (2.81)	$ 0.83
Diluted income (loss) per share attributable to Steel Excel Inc.:
Net income (loss) (in dollars per share)	$ (1.27)	$ (0.01)	$ (2.81)	$ 0.83
Antidilutive securities excluded (in shares)	15	23	15

Accumulated Other Comprehensi72

Accumulated Other Comprehensive Income - Changes, net of tax, in Accumulated other comprehensive income are as follows (Detail) $ in Thousands	9 Months Ended
	Sep. 30, 2015USD ($)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance at beginning of period	$ 357,518
Current period other comprehensive income (loss)	8,674
Balance at end of period	331,547
Unrealized Gains on Securities
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance at beginning of period	(14,821)
Other comprehensive loss before reclassifications	(2,807)
Reclassifications from accumulated other comprehensive income	11,487
Current period other comprehensive income (loss)	8,680
Balance at end of period	(6,141)
Cumulative Translation Adjustment
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance at beginning of period	(385)
Other comprehensive loss before reclassifications	(6)
Reclassifications from accumulated other comprehensive income	0
Current period other comprehensive income (loss)	(6)
Balance at end of period	(391)
Total
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance at beginning of period	(15,206)
Other comprehensive loss before reclassifications	(2,813)
Reclassifications from accumulated other comprehensive income	11,487
Current period other comprehensive income (loss)	8,674
Balance at end of period	$ (6,532)

Segment Information (Detail)

Segment Information (Detail)	9 Months Ended
	Sep. 30, 2015segment
Segment Reporting [Abstract]
Number of reportable segments (in segments)	2

Segment Information - Operating

Segment Information - Operating results (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Revenues
Revenues	$ 33,480	$ 58,583	$ 107,975	$ 155,666
Operating income (loss) before goodwill and other asset impairments
Operating income (loss) before goodwill and other asset impairments	(3,109)	6,180	(8,456)	10,149
Corporate and other business activities	(10,100)	(11,003)	(30,379)	(32,095)
Interest expense	(627)	(778)	(1,883)	(2,468)
Impairment of marketable securities	(7,886)	0	(30,626)	0
Other income (expense), net	7,905	33	9,177	6,514
Income (loss) before income taxes and equity method income	(3,717)	5,435	(31,788)	14,195
Depreciation and amortization	5,864	5,950	17,768	18,127
Energy segment:
Revenues
Revenues	23,798	49,701	90,397	140,767
Operating income (loss) before goodwill and other asset impairments
Operating income (loss) before goodwill and other asset impairments	(498)	8,551	3,692	21,923
Depreciation and amortization	5,440	5,519	16,485	16,924
Sports segment:
Revenues
Revenues	9,682	8,882	17,578	14,899
Operating income (loss) before goodwill and other asset impairments
Operating income (loss) before goodwill and other asset impairments	789	1,146	(1,570)	(896)
Depreciation and amortization	424	431	1,283	1,203
Total segment operating income
Operating income (loss) before goodwill and other asset impairments
Operating income (loss) before goodwill and other asset impairments	291	9,697	2,122	21,027
Corporate and other business activities
Operating income (loss) before goodwill and other asset impairments
Corporate and other business activities	$ (3,400)	$ (3,517)	$ (10,578)	$ (10,878)

Segment Information - Assets (D

Segment Information - Assets (Detail) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Total assets:
Total assets	$ 439,105	$ 479,354
Sports segment:
Total assets:
Total assets	14,970	18,625
Energy segment:
Total assets:
Total assets	208,118	220,262
Corporate and other business activities
Total assets:
Total assets	$ 216,017	$ 240,467

Related Party Transactions (Det

Related Party Transactions (Detail) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended		9 Months Ended
	Oct. 31, 2013	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Fair value		$ 171,833		$ 171,833		$ 181,138
SP Corporate Services LLC
Provision of services		2,200	$ 2,200	6,800	$ 6,600
Accounts payable		100		100
Mutual Securities, Inc.
Paid commissions		77	73	106	295
iGo
Fixed annual fee	$ 400
WebBank | Interest Income
Interest income		8	$ 23	36	$ 65
WebBank | Short-term deposits
Short-term deposits		$ 3,300		$ 3,300
Steel Partners
Shares authorized		1,000,000		1,000,000
Common units (in shares)		442,337		442,337
Fair value		$ 7,300		$ 7,300
Steel Partners | Steel Excel
Ownership (as a percent)		58.20%		58.20%

Supplemental Cash Flow Inform77

Supplemental Cash Flow Information (Detail) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Supplemental Cash Flow Information [Abstract]
Interest paid	$ 1,647	$ 2,092
Income taxes paid, net of refunds	138	151
Reclassification of available-for-sale securities to equity method investment	10,858	27,647
Partnership interest exchanged for marketable securities	25,000	0
Securities received in exchange for financial instrument obligations	76	19,341
Securities delivered in exchange for settlement of financial instrument obligations	76	0
Restricted stock awards surrendered to satisfy tax withholding obligations upon vesting	32	14
Contribution of advances by non-controlling interest	$ 0	$ 268