XML 21 R11.htm IDEA: XBRL DOCUMENT
v3.21.2

Marketable Securities | 9 Months Ended
--- | ---
Sep. 30, 2021
Investments Debt And Equity Securities [Abstract] |
Marketable Securities | Note 4 - Marketable securities: Our marketable securities consist of investments in the publicly-traded shares of related parties: Valhi, NL and CompX International Inc. NL owns the majority of CompX’s outstanding common stock. All of our marketable securities are accounted for as available-for-sale securities, which are carried at fair value using quoted market prices in active markets for each marketable security and represent a Level 1 input within the fair value hierarchy. Any unrealized gains or losses on the securities are recognized in Other income (expense) - Marketable equity securities on our Condensed Consolidated Statements of Income.
|  | Fair value |  |  |  |  |  |  |  |  |  |  |  |
|  | measurement |  | Market |  |  | Cost |  |  | Unrealized |
Marketable security |  | level |  | value |  |  | basis |  |  | gain (loss) |
|  |  |  | (In millions) |
December 31, 2020: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Valhi common stock |  | 1 |  | $ | 2.1 |  |  | $ | 3.2 |  |  | $ | (1.1 | )
NL and CompX common stocks |  | 1 |  |  | .1 |  |  |  | .1 |  |  |  | - |
Total |  |  |  | $ | 2.2 |  |  | $ | 3.3 |  |  | $ | (1.1 | )
September 30, 2021: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Valhi common stock |  | 1 |  | $ | 3.3 |  |  | $ | 3.2 |  |  | $ | .1 |
NL and CompX common stocks |  | 1 |  |  | .1 |  |  |  | .1 |  |  |  | - |
Total |  |  |  | $ | 3.4 |  |  | $ | 3.3 |  |  | $ | .1 |
At December 31, 2020 and September 30, 2021, we held approximately 144,000 shares of Valhi’s common stock. We also held a nominal number of shares of NL and CompX common stocks. At December 31, 2020 and September 30, 2021, the per share quoted market price of Valhi’s common stock was $15.20 and $23.33, respectively. The Valhi, CompX and NL common stocks we own are subject to restrictions on resale pursuant to certain provisions of SEC Rule 144. In addition, as a majority-owned subsidiary of Valhi we cannot vote our shares of Valhi common stock under Delaware General Corporation law, but we receive dividends from Valhi on these shares when declared and paid.

X
- References No definition available. + Details
Name: | us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for investments in certain debt and equity securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 320 -URI http://asc.fasb.org/subtopic&trid=2209399 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 320 -URI http://asc.fasb.org/subtopic&trid=2324412 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -URI http://asc.fasb.org/topic&trid=2196928 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 940 -SubTopic 320 -URI http://asc.fasb.org/subtopic&trid=2176304 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 1403 -Paragraph (b) + Details
Name: | us-gaap_InvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration