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Segment Information | 9 Months Ended
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Sep. 30, 2013
Segment Reporting [Abstract] |
Segment Information | Note 15: Segment Information
|  | Nine Months Ended |  |  | Three Months Ended |
|  | September 30, |  |  | September 30, |
|  | 2013 |  |  | 2012 |  |  | 2013 |  |  | 2012 |
|  |  |  |  | (In Thousands) |  |  |  |
Net sales: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Chemical (1) |  | $ | 303,017 |  |  | $ | 372,551 |  |  | $ | 104,199 |  |  | $ | 110,212 |
Climate Control |  |  | 217,490 |  |  |  | 198,286 |  |  |  | 69,863 |  |  |  | 67,982 |
Other |  |  | 9,745 |  |  |  | 11,057 |  |  |  | 3,288 |  |  |  | 4,180 |
|  | $ | 530,252 |  |  | $ | 581,894 |  |  | $ | 177,350 |  |  | $ | 182,374 |
Gross profit: (2) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Chemical (1) (3) |  | $ | 39,116 |  |  | $ | 78,789 |  |  | $ | 24,610 |  |  | $ | 11,291 |
Climate Control |  |  | 70,553 |  |  |  | 60,892 |  |  |  | 23,168 |  |  |  | 20,457 |
Other |  |  | 3,321 |  |  |  | 3,685 |  |  |  | 1,131 |  |  |  | 1,439 |
|  | $ | 112,990 |  |  | $ | 143,366 |  |  | $ | 48,909 |  |  | $ | 33,187 |
Operating income: (4) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Chemical (1) (3) |  | $ | 20,259 |  |  | $ | 67,023 |  |  | $ | 17,680 |  |  | $ | 7,529 |
Climate Control |  |  | 24,387 |  |  |  | 20,007 |  |  |  | 8,547 |  |  |  | 6,856 |
General corporate expenses and other business operations, net (5) |  |  | (9,515 | ) |  |  | (9,736 | ) |  |  | (3,084 | ) |  |  | (2,496 | )
|  |  | 35,131 |  |  |  | 77,294 |  |  |  | 23,143 |  |  |  | 11,889 |
Interest expense, net (6) |  |  | 6,662 |  |  |  | 3,800 |  |  |  | 5,395 |  |  |  | 1,489 |
Loss on extinguishment of debt |  |  | 1,296 |  |  |  | — |  |  |  | 1,296 |  |  |  | — |
Non-operating other expense (income), net: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Chemical |  |  | (1 | ) |  |  | (1 | ) |  |  | (1 | ) |  |  | (1 | )
Climate Control |  |  | — |  |  |  | (1 | ) |  |  | — |  |  |  | (1 | )
Corporate and other business operations |  |  | (9 | ) |  |  | (268 | ) |  |  | (33 | ) |  |  | 4 |
Provisions for income taxes |  |  | 9,967 |  |  |  | 27,110 |  |  |  | 6,345 |  |  |  | 3,857 |
Equity in earnings of affiliate-Climate Control |  |  | (452 | ) |  |  | (510 | ) |  |  | (109 | ) |  |  | (169 | )
Income from continuing operations |  | $ | 17,668 |  |  | $ | 47,164 |  |  | $ | 10,250 |  |  | $ | 6,710 |
(1) | During the first nine months 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. During the first nine months of 2012, our Chemical Business also experienced downtime at the El Dorado and Pryor Facilities that adversely affected operating results. Also see Note 13—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) | During the nine and three months ended September 30, 2013, our Chemical Business recognized a recovery of precious metals of $4.6 million.
(4) | 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.
(5) | 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:
|  | Nine Months Ended |  |  | Three Months Ended |
|  | September 30, |  |  | September 30, |
|  | 2013 |  |  | 2012 |  |  | 2013 |  |  | 2012 |
|  |  |  |  | (In Thousands) |  |  |  |
Gross profit-Other |  | $ | 3,321 |  |  | $ | 3,685 |  |  | $ | 1,131 |  |  | $ | 1,439 |
Selling, general and administrative: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Personnel costs |  |  | (7,520 | ) |  |  | (7,829 | ) |  |  | (2,331 | ) |  |  | (2,299 | )
Professional fees |  |  | (3,436 | ) |  |  | (3,250 | ) |  |  | (1,226 | ) |  |  | (881 | )
All other |  |  | (2,426 | ) |  |  | (2,639 | ) |  |  | (652 | ) |  |  | (857 | )
Total selling, general and administrative |  |  | (13,382 | ) |  |  | (13,718 | ) |  |  | (4,209 | ) |  |  | (4,037 | )
Other income |  |  | 587 |  |  |  | 302 |  |  |  | — |  |  |  | 107 |
Other expense |  |  | (41 | ) |  |  | (5 | ) |  |  | (6 | ) |  |  | (5 | )
Total general corporate expenses and other business operations, net |  | $ | (9,515 | ) |  | $ | (9,736 | ) |  | $ | (3,084 | ) |  | $ | (2,496 | )
(6) | During the nine and three months ended September 30, 2013, interest expense is net of capitalized interest of $2.1 million and $1.2 million, respectively.
Information about our total assets by business segment is as follows:
|  | September 30, |  |  | December 31, |
|  | 2013 |  |  | 2012 |
|  | (In Thousands) |
Chemical |  | $ | 806,315 |  |  | $ | 394,479 |
Climate Control |  |  | 152,635 |  |  |  | 139,526 |
Corporate assets and other |  |  | 55,055 |  |  |  | 42,607 |
Total assets |  | $ | 1,014,005 |  |  | $ | 576,612 |

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- 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 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 2: 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 3: 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 4: 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 5: 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 6: 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 7: 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 8: 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 Reference 9: 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 10: 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 11: 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 12: 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 13: 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 14: 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 + Details
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