XML 74 R20.htm IDEA: XBRL DOCUMENT
v2.4.0.6

Segment Information | 6 Months Ended
--- | ---
Jun. 30, 2012
Segment Information [Abstract] |
Segment Information | Note 13: Segment Information
|  | Six Months Ended June 30, |  |  | Three Months Ended June 30, |
| 2012 |  |  | 2011 |  |  | 2012 |  |  | 2011 |
|  |  |  | (In Thousands) |  |  |  |
Net sales: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Climate Control |  | $ | 130,304 |  |  | $ | 140,824 |  |  | $ | 67,546 |  |  | $ | 77,175 |
Chemical (1) |  |  | 262,339 |  |  |  | 267,051 |  |  |  | 138,134 |  |  |  | 155,620 |
Other |  |  | 6,877 |  |  |  | 5,237 |  |  |  | 3,595 |  |  |  | 2,824 |
|  | $ | 399,520 |  |  | $ | 413,112 |  |  | $ | 209,275 |  |  | $ | 235,619 |
Gross profit: (2) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Climate Control |  | $ | 40,435 |  |  | $ | 44,881 |  |  | $ | 20,989 |  |  | $ | 23,395 |
Chemical (1) |  |  | 67,498 |  |  |  | 79,112 |  |  |  | 43,500 |  |  |  | 47,644 |
Other |  |  | 2,246 |  |  |  | 1,947 |  |  |  | 1,246 |  |  |  | 1,047 |
|  | $ | 110,179 |  |  | $ | 125,940 |  |  | $ | 65,735 |  |  | $ | 72,086 |
Operating income: (3) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Climate Control |  | $ | 13,151 |  |  | $ | 17,619 |  |  | $ | 7,313 |  |  | $ | 9,178 |
Chemical (1) |  |  | 59,494 |  |  |  | 71,818 |  |  |  | 39,147 |  |  |  | 42,720 |
General corporate expenses and other business operations, net (4) |  |  | (7,240 | ) |  |  | (7,126 | ) |  |  | (4,137 | ) |  |  | (3,624 | )
|  |  | 65,405 |  |  |  | 82,311 |  |  |  | 42,323 |  |  |  | 48,274 |
Interest expense |  |  | (2,311 | ) |  |  | (3,580 | ) |  |  | (1,179 | ) |  |  | (1,868 | )
Losses on extinguishment of debt |  |  | — |  |  |  | (136 | ) |  |  | — |  |  |  | (136 | )
Non-operating other income (expense), net: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Climate Control |  |  | — |  |  |  | 1 |  |  |  | — |  |  |  | — |
Chemical |  |  | — |  |  |  | 1 |  |  |  | — |  |  |  | 1 |
Corporate and other business operations |  |  | 272 |  |  |  | 3 |  |  |  | 267 |  |  |  | (3 | )
Provisions for income taxes |  |  | (23,253 | ) |  |  | (29,149 | ) |  |  | (15,451 | ) |  |  | (17,492 | )
Equity in earnings (losses) of affiliate-Climate Control |  |  | 341 |  |  |  | 207 |  |  |  | 170 |  |  |  | (78 | )
Income from continuing operations |  | $ | 40,454 |  |  | $ | 49,658 |  |  | $ | 26,130 |  |  | $ | 28,698 |
(1) | 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, the Pryor Facility experienced certain unplanned downtime in the ammonia and urea plants. The ammonia plant production was shut down for a portion of March 2012 while the repairs were performed. The repairs to the urea plant were extensive resulting in the urea plant being shut down from late February 2012 through June 2012. As a result, the Pryor Facility was unable to produce UAN during this timeframe. See additional discussion in Note 15 — Subsequent Event. On May 15, 2012, the El Dorado Facility suffered significant damage when a reactor in its DSN plant exploded. As a result, the DSN plant was severely damaged and several other plants and infrastructure within the El Dorado Facility sustained various degrees of damage. Therefore, the El Dorado Facility had only limited production of certain products during the remainder of the second quarter of 2012. As a result, the operating results of the Chemical Business for the six and three months ended June 30, 2012 were negatively impacted by the downtime of the Pryor and El Dorado Facilities. For the six and three months ended June 30, 2011, the Chemical Business recognized an insurance recovery of $8.6 million relating to a business interruption claim, which was recorded as a reduction to cost of sales.
(2) | 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.
(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:
|  | Six Months Ended June 30, |  |  | Three Months Ended June 30, |
| 2012 |  |  | 2011 |  |  | 2012 |  |  | 2011 |
|  |  |  | (In Thousands) |  |  |  |
Gross profit-Other |  | $ | 2,246 |  |  | $ | 1,947 |  |  | $ | 1,246 |  |  | $ | 1,047 |
Selling, general and administrative: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Personnel costs |  |  | (5,530 | ) |  |  | (4,151 | ) |  |  | (3,448 | ) |  |  | (2,541 | )
Professional fees |  |  | (2,369 | ) |  |  | (2,089 | ) |  |  | (965 | ) |  |  | (947 | )
All other |  |  | (1,782 | ) |  |  | (2,511 | ) |  |  | (979 | ) |  |  | (817 | )
Total selling, general and administrative |  |  | (9,681 | ) |  |  | (8,751 | ) |  |  | (5,392 | ) |  |  | (4,305 | )
Other income |  |  | 195 |  |  |  | 76 |  |  |  | 9 |  |  |  | 29 |
Other expense |  |  | — |  |  |  | (398 | ) |  |  | — |  |  |  | (395 | )
Total general corporate expenses and other business operations, net |  | $ | (7,240 | ) |  | $ | (7,126 | ) |  | $ | (4,137 | ) |  | $ | (3,624 | )
Information about our total assets by business segment is as follows:
|  | June 30, 2012 |  |  | December 31, 2011 |
| (In Thousands) |
Climate Control |  | $ | 122,750 |  |  | $ | 119,323 |
Chemical |  |  | 231,257 |  |  |  | 214,246 |
Corporate assets and other |  |  | 174,089 |  |  |  | 168,440 |
Total assets |  | $ | 528,096 |  |  | $ | 502,009 |

X
- Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 131 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 15: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration