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Discontinued Operations | 12 Months Ended
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Dec. 31, 2015
Discontinued Operations And Disposal Groups [Abstract] |
Discontinued Operations | 2. Discontinued Operations As discussed in Note 1, on May 11, 2016, LSB and Consolidated entered into a definitive agreement with NIBE to sell all of the common stock of the Climate Control Group. Therefore, the assets and liabilities of the Climate Control Group are classified as held for sale at December 31, 2015 and 2014. The carrying amounts of the assets and liabilities of the Climate Control Group, are as follows:
|  | December 31, |  |  | December 31, |
|  | 2015 |  |  | 2014 |
|  | (In Thousands) |
Cash and cash equivalents | $ | 119 |  |  | $ | 1,815 |
Accounts receivable, net |  |  | 43,001 |  |  |  | 44,334 |
Inventories, net |  |  | 28,780 |  |  |  | 31,742 |
Other current assets |  |  | 1,096 |  |  |  | 473 |
Property, plant and equipment, net |  |  | 26,779 |  |  |  | 31,081 |
Intangible and other, net |  |  | 7,002 |  |  |  | 1,445 |
Total assets classified as held for sale |  |  | 106,777 |  |  |  | 110,890 |
Less noncurrent assets classified as held for sale |  |  | 33,781 |  |  |  | 32,526 |
Current assets classified as held for sale |  | $ | 72,996 |  |  | $ | 78,364 |
Accounts payable |  |  | 20,003 |  |  |  | 12,811 |
Current and noncurrent accrued and other liabilities |  |  | 24,659 |  |  |  | 26,025 |
Total liabilities classified as held for sale |  |  | 44,662 |  |  |  | 38,836 |
Less noncurrent liabilities classified as held for sale |  |  | 12,136 |  |  |  | 11,285 |
Current liabilities classified as held for sale |  | $ | 32,526 |  |  | $ | 27,551 |
2. Discontinued Operations (continued) Summarized results of discontinued operations are as follows for:
|  | Year Ended December 31, |
|  | 2015 |  |  | 2014 |  |  | 2013 |
|  | (In Thousands) |
Net sales | $ | 274,086 |  |  | $ | 265,358 |  |  | $ | 285,018 |
Cost of sales |  |  | 190,426 |  |  |  | 182,949 |  |  |  | 193,735 |
Selling, general and administrative expense |  |  | 62,728 |  |  |  | 59,548 |  |  |  | 59,887 |
Interest expense |  |  | 10 |  |  |  | — |  |  |  | 685 |
Other expense (income), net |  |  | 608 |  |  |  | 219 |  |  |  | (8 | )
Income from operations of discontinued operations |  |  | 20,314 |  |  |  | 22,642 |  |  |  | 30,719 |
Provision for income taxes |  |  | 8,933 |  |  |  | 8,095 |  |  |  | 11,357 |
Income from discontinued operations, including taxes |  | $ | 11,381 |  |  | $ | 14,547 |  |  | $ | 19,362 |
Summarized condensed cash flow information of discontinued operations is as follows:
| Year Ended December 31, |
|  | 2015 |  |  | 2014 |  |  | 2013 |
|  | (In Thousands) |
Deferred income taxes | $ | 8,917 |  |  | $ | 7,463 |  |  | $ | 11,219 |
Depreciation and amortization of property, plant and equipment |  | $ | 4,566 |  |  | $ | 4,677 |  |  | $ | 4,310 |
Stock-based compensation |  | $ | 634 |  |  | $ | 1,140 |  |  | $ | 1,093 |
Expenditures for property, plant and equipment |  | $ | 863 |  |  | $ | 2,357 |  |  | $ | 5,155 |
Software and software development costs |  | $ | 2,466 |  |  | $ | 360 |  |  | $ | 966 |

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- Definition The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=51716988&loc=SL51721533-107759 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721665-107760 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5C -URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721675-107760 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=51719941&loc=SL51724579-110230 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4A -URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721663-107760 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=51719941&loc=d3e2941-110230 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=51717284&loc=d3e1361-107760 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5B -URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721673-107760 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721659-107760 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5A -URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721671-107760 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5D -URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721677-107760 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=51717284&loc=d3e1474-107760 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721683-107760 + Details
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