Quarterly Financial Data

12 Months Ended

Dec. 31, 2013

Quarterly Financial Information Disclosure [Abstract]

Supplementary Financial Data

Quarterly Financial Data (Unaudited)


	Three months ended
	March 31			June 30		September 30			December 31
	(In Thousands, Except Per Share Amounts)
2013 (1)
Net sales	$	150,679		$	202,223	$	177,350		$	149,035

Gross profit (2)	$	25,422		$	38,659	$	48,909		$	30,566

Income (loss) from continuing operations (2) (3)	$	(68	)	$	7,486	$	10,250		$	37,473
Net loss (income) from discontinued operations		—			59		(10	)		130

Net income (loss)	$	(68	)	$	7,427	$	10,260		$	37,343

Net income (loss) applicable to common stock	$	(368	)	$	7,427	$	10,260		$	37,343

Income (loss) per common share:
Basic:
Income (loss) from continuing operations	$	(0.02	)	$	0.33	$	0.46		$	1.67
Net loss from discontinued operations		—			—		—			(0.01	)

Net income (loss)	$	(0.02	)	$	0.33	$	0.46		$	1.66

Diluted:
Income (loss) from continuing operations	$	(0.02	)	$	0.31	$	0.43		$	1.59
Net loss from discontinued operations		—			—		—			(0.01	)

Net income (loss)	$	(0.02	)	$	0.31	$	0.43		$	1.58

2012 (1)
Net sales	$	190,245		$	209,275	$	182,374		$	177,137

Gross profit (2)	$	44,444		$	65,735	$	33,187		$	40,370

Income from continuing operations (2)	$	14,324		$	26,130	$	6,710		$	11,622
Net loss from discontinued operations		21			97		2			62

Net income	$	14,303		$	26,033	$	6,708		$	11,560

Net income applicable to common stock	$	14,003		$	26,033	$	6,708		$	11,560

Income per common share:
Basic:
Income from continuing operations	$	0.63		$	1.17	$	0.30		$	0.52
Net loss from discontinued operations		—			—		—			—

Net income	$	0.63		$	1.17	$	0.30		$	0.52

Diluted:
Income from continuing operations	$	0.61		$	1.11	$	0.28		$	0.49
Net loss from discontinued operations		—			—		—			—

Net income	$	0.61		$	1.11	$	0.28		$	0.49

(1)

During 2012 and 2013, our Chemical Business encountered a number of significant issues including an explosion in one of our nitric acid plants at the El Dorado Facility in May 2012, a pipe rupture that damaged the ammonia plant at the Cherokee Facility in November 2012 and numerous mechanical issues at the Pryor Facility during 2012 and 2013, all resulting in lost production and significant adverse effect on 2012 and 2013 operating results.

(2)	The following items increased gross profit and income from continuing operations:


	Three months ended
	March 31		June 30		September 30		December 31
	(In Thousands)
Business interruption insurance recoveries:
2013	$	10,810	$	3,400	$	4,227	$	10,203

2012	$	—	$	—	$	—	$	7,300

Precious metals recoveries:
2013	$	—	$	—	$	4,493	$	—

2012	$	29	$	—	$	250	$	301

(3)	The following items increased income from continuing operations:


	Three months ended
	March 31		June 30		September 30		December 31
	(In Thousands)
Property insurance recoveries:
2013	$	—	$	—	$	255	$	66,000

Interest expense, net:
2013	$	731	$	536	$	5,395	$	7,324

2012	$	1,132	$	1,179	$	1,489	$	437

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

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