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Discontinued Operations | 12 Months Ended
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Dec. 31, 2018
Discontinued Operations And Disposal Groups [Abstract] |
Discontinued Operations | 17. Discontinued Operations During 2016, LSB completed the sale of all the stock of Climate Control Group Inc. (an indirect subsidiary that conducted LSB’s Climate Control Business) pursuant to the terms of the stock purchase agreement. Additionally, pursuant to the stock purchase agreement, we agreed to have a certain portion of the purchase price proceeds deposited in an indemnity escrow account. In conjunction with the Climate Control Business sale, we entered into a transition services agreement (“TSA”), pursuant to which, among other things, we agreed to provide certain information technology, payroll, legal, tax and other general services, which services have been completed. At December 31, 2017 our accounts receivable included approximately $2.7 million relating to the sale of our Climate Control Business representing an indemnity escrow balance which balance was received in 2018. Summarized results of discontinued operations are as follows for:
| Year Ended December 31, |
|  | 2017 |  |  | 2016 |
| (In Thousands) |
Net sales |  | $ | — |  |  | $ | 138,609 |
Cost of sales |  |  | — |  |  |  | 93,178 |
Selling, general and administrative expense |  |  | — |  |  |  | 32,719 |
Transaction costs |  |  | — |  |  |  | 2,535 |
Other expense (income), net |  |  | — |  |  |  | 175 |
Income from operations of discontinued operations |  |  | — |  |  |  | 10,002 |
Gain on sale of discontinued operations |  |  | 2,595 |  |  |  | 281,990 |
Provision for income taxes |  |  | 1,519 |  |  |  | 91,691 |
Income from discontinued operations, net of taxes |  | $ | 1,076 |  |  | $ | 200,301 |
Summarized condensed cash flow information of discontinued operations is as follows:
| Year Ended December 31, |
|  | 2017 |  |  | 2016 |
| (In Thousands) |
Deferred income taxes |  | $ | 2,461 |  |  | $ | 88,356 |
Depreciation and amortization of property, plant and equipment |  | $ | — |  |  | $ | 1,607 |
Stock-based compensation |  | $ | — |  |  | $ | 955 |
Expenditures for property, plant and equipment |  | $ | — |  |  | $ | 273 |
Software and software development costs |  | $ | — |  |  | $ | 675 |

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=2122178 + Details
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