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Segment Information (Tables) | 9 Months Ended
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Sep. 30, 2015
Segment Reporting [Abstract] |
Segment Financial Information |
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2015 |  |  | 2014 |  |  | 2015 |  |  | 2014 |
|  | (In Thousands) |
Net sales: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Chemical |  | $ | 80,623 |  |  | $ | 94,767 |  |  | $ | 320,205 |  |  | $ | 345,744 |
Climate Control |  |  | 75,050 |  |  |  | 73,485 |  |  |  | 207,090 |  |  |  | 196,585 |
Other |  |  | 2,012 |  |  |  | 2,794 |  |  |  | 6,907 |  |  |  | 8,904 |
|  | $ | 157,685 |  |  | $ | 171,046 |  |  | $ | 534,202 |  |  | $ | 551,233 |
Gross profit (loss): (1) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Chemical (2) |  | $ | (10,456 | ) |  | $ | (521 | ) |  | $ | 25,001 |  |  | $ | 57,161 |
Climate Control |  |  | 22,978 |  |  |  | 23,862 |  |  |  | 63,021 |  |  |  | 61,628 |
Other |  |  | 757 |  |  |  | 1,045 |  |  |  | 2,498 |  |  |  | 3,188 |
|  | $ | 13,279 |  |  | $ | 24,386 |  |  | $ | 90,520 |  |  | $ | 121,977 |
Operating income (loss): (1) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Chemical (2) (3) |  | $ | (55,046 | ) |  | $ | (5,587 | ) |  | $ | (31,546 | ) |  | $ | 46,815 |
Climate Control |  |  | 7,163 |  |  |  | 8,452 |  |  |  | 15,479 |  |  |  | 17,396 |
Other |  |  | 169 |  |  |  | 397 |  |  |  | 745 |  |  |  | 1,298 |
General corporate expenses (4) |  |  | (7,173 | ) |  |  | (4,459 | ) |  |  | (22,782 | ) |  |  | (17,081 | )
|  |  | (54,887 | ) |  |  | (1,197 | ) |  |  | (38,104 | ) |  |  | 48,428 |
Interest expense, net (5) |  |  | 877 |  |  |  | 5,079 |  |  |  | 6,505 |  |  |  | 17,458 |
Non-operating income, net: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Chemical |  |  | (16 | ) |  |  | (73 | ) |  |  | (77 | ) |  |  | (213 | )
Climate Control |  |  | — |  |  |  | — |  |  |  | (4 | ) |  |  | — |
Corporate and other business operations |  |  | (7 | ) |  |  | (16 | ) |  |  | (26 | ) |  |  | (29 | )
Provision (benefit) for income taxes |  |  | (21,982 | ) |  |  | (2,415 | ) |  |  | (17,842 | ) |  |  | 12,286 |
Equity in earnings of affiliate - Climate Control |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (79 | )
Income (loss) from continuing operations |  | $ | (33,759 | ) |  | $ | (3,772 | ) |  | $ | (26,660 | ) |  | $ | 19,005 |
(1) | Gross profit (loss) 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. Operating income (loss) by business segment represents gross profit (loss) 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.
(2) | During the third quarter of 2015, a Turnaround was performed at our Pryor Facility. Following the completion of a Turnaround at our Pryor Facility we experienced unplanned downtime while restarting the plant that negatively impacted production, sales and operating results. 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. During the third quarter of 2014, a Turnaround was performed at our Cherokee Facility, which negatively impacted production, sales and operating results.
(3) | During the third quarter of 2015, our Chemical Business recognized an impairment charge of $39.7 million relating to our working interest in natural gas properties as discussed in Note 1 – Summary of Significant Accounting Policies.
(4) | General corporate expenses consist of the following:
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2015 |  |  | 2014 |  |  | 2015 |  |  | 2014 |
|  | (In Thousands) |
Selling, general and administrative: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Personnel costs |  | $ | (4,428 | ) |  | $ | (2,134 | ) |  | $ | (11,118 | ) |  | $ | (6,478 | )
Fees and expenses relating to shareholders (A) |  |  | (113 | ) |  |  | (230 | ) |  |  | (4,447 | ) |  |  | (4,692 | )
Professional fees |  |  | (1,556 | ) |  |  | (1,185 | ) |  |  | (4,387 | ) |  |  | (3,333 | )
All other |  |  | (1,058 | ) |  |  | (915 | ) |  |  | (2,829 | ) |  |  | (2,633 | )
Total selling, general and administrative |  |  | (7,155 | ) |  |  | (4,464 | ) |  |  | (22,781 | ) |  |  | (17,136 | )
Other income |  |  | 4 |  |  |  | 19 |  |  |  | 73 |  |  |  | 69 |
Other expense |  |  | (22 | ) |  |  | (14 | ) |  |  | (74 | ) |  |  | (14 | )
Total general corporate expenses |  | $ | (7,173 | ) |  | $ | (4,459 | ) |  | $ | (22,782 | ) |  | $ | (17,081 | )
(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 three and nine months ended September 30, 2015, interest expense is net of capitalized interest of $8.3 million and $20.9 million, respectively. During the three and nine months ended September 30, 2014, interest expense is net of capitalized interest of $3.9 million and $9.2 million, respectively.
General Corporate Expenses and Other Business Operations, Net |
(4) | General corporate expenses consist of the following:
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2015 |  |  | 2014 |  |  | 2015 |  |  | 2014 |
|  | (In Thousands) |
Selling, general and administrative: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Personnel costs |  | $ | (4,428 | ) |  | $ | (2,134 | ) |  | $ | (11,118 | ) |  | $ | (6,478 | )
Fees and expenses relating to shareholders (A) |  |  | (113 | ) |  |  | (230 | ) |  |  | (4,447 | ) |  |  | (4,692 | )
Professional fees |  |  | (1,556 | ) |  |  | (1,185 | ) |  |  | (4,387 | ) |  |  | (3,333 | )
All other |  |  | (1,058 | ) |  |  | (915 | ) |  |  | (2,829 | ) |  |  | (2,633 | )
Total selling, general and administrative |  |  | (7,155 | ) |  |  | (4,464 | ) |  |  | (22,781 | ) |  |  | (17,136 | )
Other income |  |  | 4 |  |  |  | 19 |  |  |  | 73 |  |  |  | 69 |
Other expense |  |  | (22 | ) |  |  | (14 | ) |  |  | (74 | ) |  |  | (14 | )
Total general corporate expenses |  | $ | (7,173 | ) |  | $ | (4,459 | ) |  | $ | (22,782 | ) |  | $ | (17,081 | )
(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:
|  | September 30, 2015 |  |  | December 31, 2014 |
|  | (In Thousands) |
Chemical |  | $ | 968,127 |  |  | $ | 929,745 |
Climate Control |  |  | 121,904 |  |  |  | 133,183 |
Other |  |  | 6,437 |  |  |  | 5,960 |
Corporate assets |  |  | 60,526 |  |  |  | 68,117 |
Total assets |  | $ | 1,156,994 |  |  | $ | 1,137,005 |

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