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Segment Information (Tables) | 6 Months Ended
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Jun. 30, 2012
Segment Information [Abstract] |
Segment Financial 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:
General corporate expenses and other business operations, net |
|  | 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 | )
Total assets by business segment |
|  | 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 |

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