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Subsequent Events
9 Months Ended
Sep. 30, 2018
Subsequent Events [Abstract]  
Subsequent Events

Note 13: Subsequent Events

On October 11, 2018, LSB entered into a preliminary, binding term sheet to settle Dennis Wilson vs. LSB Industries, Inc., et al., which is subject to approval by the court. Pursuant to the term sheet, the settlement amount of $18,450,000 is to be paid by our insurers on behalf of LSB and certain current and former officers.

As a result of this recognized subsequent event, a liability for the settlement amount has been accrued and a receivable for the loss recovery from our insurers for the settlement amount has been recognized as of September 30, 2018.