Segment Information (Tables)

3 Months Ended

Mar. 31, 2013


	Three Months Ended
	March 31,
	2013			2012
	(In Thousands)
Net sales:
Chemical (1)	$	77,490		$	124,205
Climate Control		70,270			62,758
Other		2,919			3,282

	$	150,679		$	190,245

Gross profit: (2)
Chemical (1)	$	2,411		$	23,998
Climate Control		21,982			19,446
Other		1,029			1,000

	$	25,422		$	44,444

Operating income (loss): (3)
Chemical (1)	$	(3,806	)	$	20,347
Climate Control		6,384			5,838
General corporate expenses and other business operations, net (4)		(2,815	)		(3,103	)

		(237	)		23,082
Interest expense		731			1,132
Non-operating other expense (income), net:
Corporate and other business operations		16			(5	)
Provision (benefit) for income taxes		(745	)		7,802
Equity in earnings of affiliate-Climate Control		(171	)		(171	)

Income (loss) from continuing operations	$	(68	)	$	14,324

(1)

During the first quarter of 2013, our Chemical Business experienced downtime at the Cherokee, El Dorado and Pryor Facilities resulting in lost production and significant adverse effect on operating results (See Note 16—Subsequent Events). During the first quarter of 2012, our Chemical Business also experienced downtime at the Pryor Facility that adversely affected operating results. Also see Note 12—Property and Business Interruption Insurance Claims and Recoveries.

(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 (loss) by business segment for purposes of making decisions, which include resource allocations and performance evaluations. Operating income (loss) 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:


	Three Months Ended
	March 31,
	2013			2012
	(In Thousands)
Gross profit-Other	$	1,029		$	1,000
Selling, general and administrative:
Personnel costs		(2,110	)		(2,082	)
Professional fees		(1,424	)		(1,404	)
All other		(904	)		(803	)

Total selling, general and administrative		(4,438	)		(4,289	)
Other income		594			186

Total general corporate expenses and other business operations, net	$	(2,815	)	$	(3,103	)

General Corporate Expenses and Other Business Operations, Net


	Three Months Ended
	March 31,
	2013			2012
	(In Thousands)
Gross profit-Other	$	1,029		$	1,000
Selling, general and administrative:
Personnel costs		(2,110	)		(2,082	)
Professional fees		(1,424	)		(1,404	)
All other		(904	)		(803	)

Total selling, general and administrative		(4,438	)		(4,289	)
Other income		594			186

Total general corporate expenses and other business operations, net	$	(2,815	)	$	(3,103	)

Total Assets by Business Segment

Information about our total assets by business segment is as follows:


	March 31,		December 31,
	2013		2012
	(In Thousands)
Chemical	$	425,819	$	394,479
Climate Control		139,757		139,526
Corporate assets and other		48,589		42,607

Total assets	$	614,165	$	576,612

- 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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