Segment Information (Tables)

12 Months Ended

Dec. 31, 2015

Information about our continuing operations in different business segments is detailed below.

	2015			2014			2013
	(In Thousands)
Net sales:
Chemical (1):
Agricultural products	$	209,770		$	230,046		$	180,763
Industrial acids and other chemical products		167,520			173,876			150,497
Mining products		47,475			67,484			63,286
Other products		3,364			12,232			8,077
Total Chemical		428,129			483,638			402,623

Climate Control:
Water source and geothermal heat pumps		156,314			168,804			183,757
Hydronic fan coils		68,082			61,307			64,541
Other HVAC products		49,690			35,247			36,720
Total Climate Control		274,086			265,358			285,018
Other		9,566			12,250			13,600
	$	711,781		$	761,246		$	701,241
Gross profit:
Chemical (1) (2)	$	16,644		$	61,084		$	40,728
Climate Control		83,660			82,443			92,907
Other		3,404			4,347			4,484
	$	103,708		$	147,874		$	138,119
Operating income (loss):
Chemical (1) (2) (3) (4)	$	(41,831	)	$	51,281		$	87,784
Climate Control		19,892			21,675			30,386
Other		1,104			1,771			1,699
General corporate expenses (5)		(29,917	)		(21,365	)		(14,561	)
		(50,752	)		53,362			105,308
Interest expense, net (6)		7,381			21,599			13,986
Loss on extinguishment of debt		—			—			1,296
Non-operating expense (income), net:
Chemical		(363	)		(249	)		(1	)
Climate Control		(4	)		—			(1	)
Corporate and other business operations		491			(32	)		(98	)
Provisions (benefit) for income taxes		(23,550	)		12,400			35,421
Equity in earnings of affiliate - Climate Control		—			(79	)		(436	)
Income (loss) from continuing operations	$	(34,707	)	$	19,723		$	55,141

(1)

As discussed above under “Chemical Business”, our Chemical Business encountered a number of significant issues at certain of our facilities resulting in lost production and adverse effects on operating results. However, some of these issues were covered by our business interruption and property insurance policies.

18. Segment Information (continued)

(2)	For 2014 and 2013 we recognized business interruption insurance recoveries, of which $22.9 million and $28.4 million, respectively, were classified as reductions to cost of sales (none in 2015).

(3)	For 2014 and 2013, we recognized property insurance recoveries, of which $5.1 million and $66.3 million, were classified as property insurance recoveries in excess of losses incurred (none for 2015).

(4)	For 2015, we recognized a non-cash impairment charge of $39.7 million relating to our working interest in natural gas properties and a non-cash impairment charge of $3.5 million for certain equipment at our Pryor Facility.

(5)	General corporate expenses consist of the following:

	2015			2014			2013
	(In Thousands)
Selling, general and administrative:
Personnel costs (A)	$	(14,798	)	$	(8,434	)	$	(8,096	)
Fees and expenses relating to shareholders' (B)		(4,603	)		(4,843	)		(162	)
Professional fees (C)		(6,610	)		(4,536	)		(4,813	)
All other		(3,979	)		(3,632	)		(2,046	)
Total selling, general and administrative		(29,990	)		(21,445	)		(15,117	)
Other income		128			97			584
Other expense		(55	)		(17	)		(28	)
Total general corporate expenses	$	(29,917	)	$	(21,365	)	$	(14,561	)

(A)

Personnel costs include salaries, incentive compensation, insurance and other benefits. For 2015, additional costs were incurred primarily relating to certain severance agreements with former executives, compensation incentives and additional personnel performing general corporate activities.

(B)

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.

(C)

Professional fees include costs for legal services, auditing and accounting services, director services and various consulting services.

(6)	For 2015, 2014 and 2013, interest expense is net of capitalized interest of $30.6 million, $14.1 million and $4.0 million, respectively.

General Corporate Expenses and Other Business Operations, Net

(5)	General corporate expenses consist of the following:

	2015			2014			2013
	(In Thousands)
Selling, general and administrative:
Personnel costs (A)	$	(14,798	)	$	(8,434	)	$	(8,096	)
Fees and expenses relating to shareholders' (B)		(4,603	)		(4,843	)		(162	)
Professional fees (C)		(6,610	)		(4,536	)		(4,813	)
All other		(3,979	)		(3,632	)		(2,046	)
Total selling, general and administrative		(29,990	)		(21,445	)		(15,117	)
Other income		128			97			584
Other expense		(55	)		(17	)		(28	)
Total general corporate expenses	$	(29,917	)	$	(21,365	)	$	(14,561	)

(A)

(B)

(C)

Professional fees include costs for legal services, auditing and accounting services, director services and various consulting services.

PP&E and Total Assets by Business Segment

18. Segment Information (continued)

Information about our PP&E and total assets by business segment is detailed below:

	2015		2014		2013
	(In Thousands)
Depreciation, depletion and amortization of PP&E:
Chemical	$	35,239	$	30,364	$	23,497
Climate Control		4,834		4,946		4,707
Other		36		34		49
Corporate		387		320		57
Total depreciation, depletion and amortization of PP&E	$	40,496	$	35,664	$	28,310
Additions to PP&E:
Chemical	$	469,558	$	238,070	$	160,343
Climate Control		632		1,859		5,576
Other		25		27		65
Corporate		294		148		435
Total additions to PP&E	$	470,509	$	240,104	$	166,419
Total assets at December 31:
Chemical	$	1,159,592	$	929,671	$	842,588
Climate Control		148,997		133,183		159,960
Other		5,502		5,960		6,832
Corporate		47,736		61,758		65,838
Total assets	$	1,361,827	$	1,130,572	$	1,075,218

Net Sales to Foreign Customers

Net sales to unaffiliated customers are to U.S. customers except foreign export sales in our Climate Control Business as follows:

Geographic Area	2015		2014		2013
	(In Thousands)
Canada	$	17,856	$	19,334	$	19,976
Other		10,428		12,642		14,178
	$	28,284	$	31,976	$	34,154