Summarized unaudited quarterly financial data for 2016 and 2015 are as follows.

	Three months ended
	March 31			June 30			September 30			December 31
	(In Thousands, Except Per Share Amounts)
2016
Net sales	$	98,972		$	109,982		$	80,262		$	85,369
Gross profit (loss) (1)	$	(6,164	)	$	2,129		$	(36,379	)	$	(8,892	)
Loss from continuing operations (1) (2)	$	(15,765	)	$	(7,688	)	$	(39,490	)	$	(25,190	)
Income from discontinued operations, including taxes		824			22,779			173,041			3,657
Net income (loss)	$	(14,941	)	$	15,091		$	133,551		$	(21,533	)
Net income (loss) attributable to common stockholders	$	(24,609	)	$	5,055		$	112,047		$	(28,654	)

Income (loss) per common share:
Basic:
Loss from continuing operations	$	(1.11	)	$	(0.70	)	$	(2.25	)	$	(1.19	)
Income from discontinued operations, including taxes		0.03			0.90			6.39			0.13
Net income (loss)	$	(1.08	)	$	0.20		$	4.14		$	(1.06	)

Diluted:
Loss from continuing operations	$	(1.11	)	$	(0.70	)	$	(2.25	)	$	(1.19	)
Income from discontinued operations, including taxes		0.03			0.90			6.39			0.13
Net income (loss)	$	(1.08	)	$	0.20		$	4.14		$	(1.06	)

2015
Net sales	$	133,600		$	125,503		$	88,567		$	90,025
Gross profit (loss) (1)	$	20,799		$	12,616		$	(11,798	)	$	(1,569	)
Income (loss) from continuing operations (1) (2)	$	4,237		$	(2,874	)	$	(36,421	)	$	(11,088	)
Income from discontinued operations, net of taxes		2,412			3,291			2,658			3,020
Net income (loss)	$	6,649		$	417		$	(33,763	)	$	(8,068	)
Net income (loss) attributable to common stockholders	$	6,349		$	417		$	(33,763	)	$	(11,041	)

Income (loss) per common share:
Basic:
Income (loss) from continuing operations	$	0.17		$	(0.13	)	$	(1.60	)	$	(0.61	)
Income from discontinued operations, net of taxes		0.11			0.15			0.12			0.13
Net income (loss)	$	0.28		$	0.02		$	(1.48	)	$	(0.48	)

Diluted:
Income (loss) from continuing operations	$	0.17		$	(0.13	)	$	(1.60	)	$	(0.61	)
Income from discontinued operations, net of taxes		0.11			0.15			0.12			0.13
Net income (loss)	$	0.28		$	0.02		$	(1.48	)	$	(0.48	)

LSB Industries, Inc.

Supplementary Financial Data

Quarterly Financial Data (Unaudited)

(1)	The following income (expense) items impacted gross profit (loss) and income (loss) from continuing operations:

	Three months ended
	March 31			June 30			September 30			December 31
	(In Thousands)
Depreciation expense:
2016		(10,590	)	$	(14,028	)	$	(16,862	)	$	(17,874	)

2015		(7,834	)	$	(8,877	)	$	(9,772	)	$	(9,447	)

Undesignated commodities contracts:
2016	$	(24	)	$	87		$	18		$	59

2015	$	(1,829	)	$	185		$	(1,014	)	$	(718	)

Turnaround costs: (A)
2016	$	(95	)	$	(535	)	$	(8,597	)	$	(38	)

2015	$	(152	)	$	—		$	(2,101	)	$	(55	)
Consulting fee - property tax services
2016	$	(12,095	)	$	—		$	—		$	—

(2)	The following expense items impacted income (loss) from continuing operations:

Impairment of long lived assets and goodwill
2016	$	—	$	—	$	—	$	1,621

2015	$	—	$	—	$	39,670	$	3,518

Shareholder related fees and expenses primarily relating to certain activist shareholders' proposals:
2015	$	1,679	$	2,655	$	113	$	155

Interest expense, net:
2016	$	1,350	$	6,446	$	13,333	$	9,816

2015	$	3,397	$	2,229	$	872	$	873

Severance agreements with certain former executives
2015	$	—		—	$	1,789	$	224

(A)	Turnaround costs do not include the impact on operating results relating to lost absorption or reduced margins due to the associated plants being shut down.