XML 27 R29.htm IDEA: XBRL DOCUMENT
v3.2.0.727

Segment Information (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2015
Segment Reporting [Abstract] |
Segment Financial Information |
Six Months Ended June 30, |  |  | Three Months Ended June 30, |
|  | 2015 |  |  | 2014 |  |  | 2015 |  |  | 2014 |
|  | (In Thousands) |
Net sales: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Chemical |  | $ | 239,582 |  |  | $ | 250,977 |  |  | $ | 112,768 |  |  | $ | 135,756 |
Climate Control |  |  | 132,040 |  |  |  | 123,100 |  |  |  | 66,842 |  |  |  | 62,751 |
Other |  |  | 4,895 |  |  |  | 6,110 |  |  |  | 3,049 |  |  |  | 3,155 |
|  | $ | 376,517 |  |  | $ | 380,187 |  |  | $ | 182,659 |  |  | $ | 201,662 |
Gross profit: (1) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Chemical (2) |  | $ | 35,457 |  |  | $ | 57,682 |  |  | $ | 13,627 |  |  | $ | 29,256 |
Climate Control |  |  | 40,043 |  |  |  | 37,766 |  |  |  | 20,081 |  |  |  | 18,502 |
Other |  |  | 1,741 |  |  |  | 2,143 |  |  |  | 1,174 |  |  |  | 1,111 |
|  | $ | 77,241 |  |  | $ | 97,591 |  |  | $ | 34,882 |  |  | $ | 48,869 |
Operating income: (3) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Chemical (2) |  | $ | 23,500 |  |  | $ | 52,402 |  |  | $ | 6,840 |  |  | $ | 23,589 |
Climate Control |  |  | 8,316 |  |  |  | 8,944 |  |  |  | 4,004 |  |  |  | 4,612 |
Other |  |  | 576 |  |  |  | 901 |  |  |  | 578 |  |  |  | 514 |
General corporate expenses (4) |  |  | (15,609 | ) |  |  | (12,622 | ) |  |  | (8,862 | ) |  |  | (4,951 | )
|  |  | 16,783 |  |  |  | 49,625 |  |  |  | 2,560 |  |  |  | 23,764 |
Interest expense, net (5) |  |  | 5,628 |  |  |  | 12,379 |  |  |  | 2,230 |  |  |  | 5,671 |
Non-operating income, net: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Chemical |  |  | (61 | ) |  |  | (140 | ) |  |  | (28 | ) |  |  | (63 | )
Climate Control |  |  | (4 | ) |  |  | — |  |  |  | (4 | ) |  |  | — |
Corporate and other business operations |  |  | (19 | ) |  |  | (13 | ) |  |  | (17 | ) |  |  | (13 | )
Provisions (benefit) for income taxes |  |  | 4,140 |  |  |  | 14,701 |  |  |  | (41 | ) |  |  | 7,047 |
Equity in earnings of affiliate – Climate Control |  |  | — |  |  |  | (79 | ) |  |  | — |  |  |  | (12 | )
Income from continuing operations |  | $ | 7,099 |  |  | $ | 22,777 |  |  | $ | 420 |  |  | $ | 11,134 |
(1) | 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.
(2) | During the first quarter of 2014, we recognized business interruption and property insurance recoveries totaling $28.0 million, of which approximately $22.9 million was recognized as a reduction to cost of sales.
(3) | Our chief operating decision makers use operating income by business segment for purposes of making decisions that 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.
(4) | General corporate expenses consist of the following:
|  | Six Months Ended June 30, |  |  | Three Months Ended June 30, |
|  | 2015 |  |  | 2014 |  |  | 2015 |  |  | 2014 |
|  | (In Thousands) |
Selling, general and administrative: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Personnel costs |  | $ | (6,690 | ) |  | $ | (4,344 | ) |  | $ | (4,088 | ) |  | $ | (2,812 | )
Fees and expenses relating to shareholders (A) |  |  | (4,334 | ) |  |  | (4,462 | ) |  |  | (2,655 | ) |  |  | (262 | )
Professional fees |  |  | (2,831 | ) |  |  | (2,148 | ) |  |  | (1,287 | ) |  |  | (960 | )
All other |  |  | (1,771 | ) |  |  | (1,718 | ) |  |  | (874 | ) |  |  | (944 | )
Total selling, general and administrative |  |  | (15,626 | ) |  |  | (12,672 | ) |  |  | (8,904 | ) |  |  | (4,978 | )
Other income |  |  | 69 |  |  |  | 50 |  |  |  | 45 |  |  |  | 27 |
Other expense |  |  | (52 | ) |  |  | — |  |  |  | (3 | ) |  |  | — |
Total general corporate expenses |  | $ | (15,609 | ) |  | $ | (12,622 | ) |  | $ | (8,862 | ) |  | $ | (4,951 | )
| (A) | These fees and expenses include costs associated with evaluating and analyzing proposals received from certain activist shareholders and dealing, negotiating and settling with those shareholders in order to avoid proxy contests.
(5) | During the six and three months ended June 30, 2015, interest expense is net of capitalized interest of $12.6 million and $7.0 million, respectively. During the six and three months ended June 30, 2014, interest expense is net of capitalized interest of $5.3 million and $3.0 million, respectively.
General Corporate Expenses and Other Business Operations, Net |
(4) | General corporate expenses consist of the following:
|  | Six Months Ended June 30, |  |  | Three Months Ended June 30, |
|  | 2015 |  |  | 2014 |  |  | 2015 |  |  | 2014 |
|  | (In Thousands) |
Selling, general and administrative: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Personnel costs |  | $ | (6,690 | ) |  | $ | (4,344 | ) |  | $ | (4,088 | ) |  | $ | (2,812 | )
Fees and expenses relating to shareholders (A) |  |  | (4,334 | ) |  |  | (4,462 | ) |  |  | (2,655 | ) |  |  | (262 | )
Professional fees |  |  | (2,831 | ) |  |  | (2,148 | ) |  |  | (1,287 | ) |  |  | (960 | )
All other |  |  | (1,771 | ) |  |  | (1,718 | ) |  |  | (874 | ) |  |  | (944 | )
Total selling, general and administrative |  |  | (15,626 | ) |  |  | (12,672 | ) |  |  | (8,904 | ) |  |  | (4,978 | )
Other income |  |  | 69 |  |  |  | 50 |  |  |  | 45 |  |  |  | 27 |
Other expense |  |  | (52 | ) |  |  | — |  |  |  | (3 | ) |  |  | — |
Total general corporate expenses |  | $ | (15,609 | ) |  | $ | (12,622 | ) |  | $ | (8,862 | ) |  | $ | (4,951 | )
| (A) | These fees and expenses include costs associated with evaluating and analyzing proposals received from certain activist shareholders and dealing, negotiating and settling with those shareholders in order to avoid proxy contests.
Total Assets by Business Segment | Information about our total assets by business segment is as follows:
|  | June 30, 2015 |  |  | December 31, 2014 |
|  | (In Thousands) |
Chemical |  | $ | 980,064 |  |  | $ | 929,745 |
Climate Control |  |  | 136,767 |  |  |  | 133,183 |
Other |  |  | 6,409 |  |  |  | 5,960 |
Corporate assets |  |  | 54,939 |  |  |  | 68,117 |
Total assets |  | $ | 1,178,179 |  |  | $ | 1,137,005 |

X
- Definition Tabular disclosure of general corporate expenses and other business operations, net, which are not allocated to reportable segments. + References No definition available. + Details
Name: | lxu_GeneralCorporateExpensesAndOtherBusinessOperationsTableTextBlock
Namespace Prefix: | lxu_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8906-108599 Reference 2: 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=51669610&loc=d3e8924-108599 + Details
Name: | us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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. + References Reference 1: 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=51669610&loc=d3e8906-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8813-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8736-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration