XML 59 R34.htm IDEA: XBRL DOCUMENT v3.3.1.900

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2015

Accounting Policies [Abstract]

Goodwill Relates to Business Acquisitions

Goodwill relates to business acquisitions in prior periods in the following business segments:

		December 31,
		2015				2014
		(In Thousands)
Chemical		$	1,621			$	1,621
Climate Control			103				103
Total goodwill		$	1,724			$	1,724

Shipping and Handling Costs Not Included in Cost of Sales for Climate Control Business

Shipping and Handling Costs – Shipping and handling costs not included in cost of sales for our Climate Control Business are as follows:

		2015				2014				2013
		(In Thousands)
Shipping and handling costs - SG&A		$	11,962			$	10,146			$	9,520

Advertising And Promotion of Products

Advertising Costs - Costs in connection with advertising and promotion of our products are expensed as incurred.  These costs, primarily relating to our Climate Control Business, are as follows.

		2015				2014				2013
		(In Thousands)
Advertising costs		$	2,295			$	3,095			$	3,157

Schedule of Correction of Immaterial Error and Reclassification

The impact of this balance sheet reclassification is summarized in the table below.

		As Previously Reported				Adjustments / Reclassifications				As Adjusted
		(In Thousands)
Consolidated Balance Sheet at December 31, 2014
Total other assets		$	98,918			$	(6,433	)		$	92,485
Total assets		$	1,137,005			$	(6,433	)		$	1,130,572
Long term debt		$	457,318			$	(6,433	)		$	450,885
Total liabilities and stockholders' equity		$	1,137,005			$	(6,433	)		$	1,130,572
Consolidated Statement of Operations - For the year ended December 31, 2014
Net sales		$	732,510			$	28,736			$	761,246
Cost of sales		$	579,155			$	34,217			$	613,372
Gross profit		$	153,355			$	(5,481	)		$	147,874
Selling, general, and administrative expense		$	103,886			$	(5,481	)		$	98,405
		As Previously Reported				Adjustments / Reclassifications				As Adjusted
		(In Thousands)
Consolidated Statement of Operations - For the year ended December 31, 2013
Net sales		$	679,287			$	21,954			$	701,241
Cost of sales		$	535,731			$	27,391			$	563,122
Gross profit		$	143,556			$	(5,437	)		$	138,119
Selling, general, and administrative expense		$	100,674			$	(5,437	)		$	95,237

X

- Definition

Advertising and promotion of products.

+ References

No definition available.

+ Details

Name:	lxu_AdvertisingAndPromotionOfProductsTableTextBlock
Namespace Prefix:	lxu_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_AccountingPoliciesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of prior period adjustments to previously issued financial statements including (1) the effect of the correction on each financial statement line item and any per-share amounts affected for each prior period presented (2) the cumulative effect of the change on retained earnings or other appropriate components of equity or net assets in the statement of financial position, as of the beginning of the earliest period presented, and (3) the effect of the prior period adjustments (both gross and net of applicable income tax) on the net income of each prior period presented in the entity's annual report for the year in which the adjustments are made.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=56949863&loc=d3e22663-107794

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=56949863&loc=d3e22644-107794

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=56949863&loc=d3e22658-107794

+ Details

Name:	us-gaap_ScheduleOfErrorCorrectionsAndPriorPeriodAdjustmentsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

Reference 1: 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 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13854-109267

+ Details

Name:	us-gaap_ScheduleOfGoodwillTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of each detailed component of other operating costs and expenses that are applicable to sales and revenues, but not included in the cost of sales in the income statement.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 225
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.3)
-URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688

+ Details

Name:	us-gaap_ScheduleOfOtherOperatingCostAndExpenseByComponentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration