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Adoption of ASC 606 (Tables)

9 Months Ended

Sep. 30, 2018

Revenue From Contract With Customer [Abstract]

Summary of Impact of Adoption of Accounting Standards

The following line items in our condensed consolidated statement of operations for the current reporting periods have been provided to reflect both the adoption of ASC 606 as well as a comparative presentation in accordance with ASC 605 previously in affect:

		Three Months Ended September 30, 2018
		As				Balance without				Effect of Change
		Reported				adoption of 606				Higher/(Lower)
		(In Thousands)
Net sales		$	79,781			$	95,560			$	(15,779	)
Cost of sales			89,523				105,157				(15,634	)
Gross profit (loss)			(9,742	)			(9,597	)			(145	)
Selling, general and administrative expense			9,080				9,225				(145	)
Operating loss			(16,557	)			(16,557	)			—

		Nine Months Ended September 30, 2018
		As				Balance without				Effect of Change
		Reported				adoption of 606				Higher/(Lower)
		(In Thousands)
Net sales		$	283,430			$	332,602			$	(49,172	)
Cost of sales			280,006				328,727				(48,721	)
Gross profit			3,424				3,875				(451	)
Selling, general and administrative expense			25,780				26,231				(451	)
Operating loss			(20,542	)			(20,542	)			—

Summary of Net Sales Disaggregated by Revenue Source

As mentioned in Note 1, we primarily derive our revenues from the sales of various chemical products.  The following tables present our net sales disaggregated by revenue source:

		Three Months Ended September 30,
		2018				2017(a)
		(Dollars In Thousands)
Net sales:
Agricultural products		$	35,998			$	31,154
Industrial acids and other chemical products			34,788				47,450
Mining products			8,995				10,861
Other products			—				2,925
Total net sales		$	79,781			$	92,390

		Nine Months Ended September 30,
		2018				2017(a)
		(Dollars In Thousands)
Net sales:
Agricultural products		$	146,291			$	151,653
Industrial acids and other chemical products			105,700				149,546
Mining products			31,439				28,821
Other products			—				8,567
Total net sales		$	283,430			$	338,587

(a) As noted above, prior period amounts have not been adjusted under the modified retrospective method.

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- Definition

Tabular disclosure of entity-wide revenues from external customers for each product or service or each group of similar products or services if the information is not provided as part of the reportable operating segment information.

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Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e9031-108599

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Tabular disclosure of the comparison between amounts disclosed under previous guidance and new guidance.

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