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Segment Information (Tables)

3 Months Ended

Mar. 31, 2012


	Three Months Ended March 31,
	2012			2011
	(In Thousands)
Net sales:
Climate Control	$	62,758		$	63,649
Chemical		124,205			111,431
Other		3,282			2,413

	$	190,245		$	177,493

Gross profit: (1)
Climate Control	$	19,446		$	21,486
Chemical (2)		23,998			31,468
Other		1,000			900

	$	44,444		$	53,854

Operating income: (3)
Climate Control	$	5,838		$	8,441
Chemical (2)		20,347			29,098
General corporate expenses and other business operations, net (4)		(3,103	)		(3,502	)

		23,082			34,037
Interest expense		(1,132	)		(1,712	)
Non-operating other income, net:
Climate Control		—			1
Corporate and other business operations		5			6
Provisions for income taxes		(7,802	)		(11,657	)
Equity in earnings of affiliate-Climate Control		171			285

Income from continuing operations	$	14,324		$	20,960

(1)	Gross profit by business segment represents net sales less cost of sales. Gross profit classified as “Other” relates to the sales of industrial machinery and related components.

(2)

During January 2012, a planned improvement project was performed at the Pryor Facility to increase anhydrous ammonia production levels, during which time the facility was not in production. In addition, during March 2012, the Pryor Facility experienced certain unplanned downtime in the ammonia and urea plants. The ammonia plant production was shut down for a portion of the month while the repairs were performed. The repairs to the urea plant are extensive resulting in the urea plant being shut down the entire month of March and is expected to continue to be down through most of the second quarter of 2012. As a result, the operating results of the Chemical Business for the first quarter of 2012 were negatively impacted by the downtime of the Pryor Facility.

(3)

Our chief operating decision makers use operating income by business segment for purposes of making decisions, which include resource allocations and performance evaluations. Operating income by business segment represents gross profit by business segment less selling, general and administrative expense (“SG&A”) incurred by each business segment plus other income and other expense earned/incurred by each business segment before general corporate expenses and other business operations, net. General corporate expenses and other business operations, net, consist of unallocated portions of gross profit, SG&A, other income and other expense.

(4)	The amounts included are not allocated to our Climate Control and Chemical Businesses since these items are not included in the operating results reviewed by our chief operating decision makers for purposes of making decisions as discussed above. A detail of these amounts are as follows:

General corporate expenses and other business operations, net


	Three Months Ended March 31,
	2012			2011
	(In Thousands)
Gross profit-Other	$	1,000		$	900
Selling, general and administrative:
Personnel costs		(2,082	)		(1,610	)
Professional fees		(1,404	)		(1,142	)
All other		(803	)		(1,694	)

Total selling, general and administrative		(4,289	)		(4,446	)
Other income		186			47
Other expense		—			(3	)

Total general corporate expenses and other business operations, net	$	(3,103	)	$	(3,502	)

Total assets by business segment


	March 31, 2012		December 31, 2011
	(In Thousands)
Climate Control	$	123,694	$	119,323
Chemical		227,128		214,246
Corporate assets and other		154,172		168,440

Total assets	$	504,994	$	502,009

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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