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Segment Information (Tables) | 9 Months Ended
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Sep. 30, 2013
Segment Reporting [Abstract] |
Segment Financial 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.
General Corporate Expenses and Other Business Operations, Net |
|  | 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 | )
Total Assets by Business Segment | 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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