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Quarterly Financial Data (Tables) | 12 Months Ended
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Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract] |
Schedule of Quarterly Financial Information | Summarized unaudited quarterly financial data for 2018 and 2017 are as follows.
|  | Three months ended |
|  | March 31 |  |  | June 30 |  |  | September 30 |  |  | December 31 |
|  | (In Thousands, Except Per Share Amounts) |
2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 100,450 |  |  | $ | 103,199 |  |  | $ | 79,781 |  |  | $ | 94,730 |
Gross profit (loss) (1) |  | $ | 10,093 |  |  | $ | 3,073 |  |  | $ | (9,742 | ) |  | $ | 12,411 |
Net loss (1) (2) |  | $ | (5,591 | ) |  | $ | (27,506 | ) |  | $ | (26,084 | ) |  | $ | (13,045 | )
Net loss attributable to common stockholders |  | $ | (13,603 | ) |  | $ | (35,011 | ) |  | $ | (33,422 | ) |  | $ | (20,705 | )
Basic and dilutive loss per common share: |  | $ | (0.49 | ) |  | $ | (1.27 | ) |  | $ | (1.22 | ) |  | $ | (0.75 | )
2017 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 123,344 |  |  | $ | 122,853 |  |  | $ | 92,390 |  |  | $ | 88,917 |
Gross profit (loss) (1) |  | $ | 11,615 |  |  | $ | 11,340 |  |  | $ | (7,285 | ) |  | $ | (10,204 | )
Net income (loss) (1) (2) |  | $ | (5,986 | ) |  | $ | (7,033 | ) |  | $ | (17,112 | ) |  | $ | 914 |
Net loss attributable to common stockholders |  | $ | (13,196 | ) |  | $ | (14,515 | ) |  | $ | (24,745 | ) |  | $ | (6,991 | )
Income (loss) per common share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic and dilutive: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loss from continuing operations |  | $ | (0.48 | ) |  | $ | (0.53 | ) |  | $ | (0.91 | ) |  | $ | (0.30 | )
Income from discontinued operations, net of taxes |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 0.04 |
Net income (loss) |  | $ | (0.48 | ) |  | $ | (0.53 | ) |  | $ | (0.91 | ) |  | $ | (0.26 | )
LSB Industries, Inc. Supplementary Financial Data Quarterly Financial Data (Unaudited)
(1) | The following income (expense) items impacted gross profit (loss) and net income (loss):
|  | Three months ended |
|  | March 31 |  |  | June 30 |  |  | September 30 |  |  | December 31 |
|  | (In Thousands) |
Recovery from a settlement with a vendor |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2018 |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 4,419 |
Turnaround expense: (A) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2018 |  | $ | (302 | ) |  | $ | (1,412 | ) |  | $ | (7,939 | ) |  | $ | (116 | )
2017 |  | $ | — |  |  | $ | (120 | ) |  | $ | (1,098 | ) |  | $ | (102 | )
Recovery of precious metals: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2017 |  | $ | — |  |  | $ | 2,905 |  |  | $ | — |  |  | $ | — |
(2) | The following income (expense) items impacted net income (loss):
Loss on extinguishment of debt |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2018 |  | $ | — |  |  | $ | — |  |  | $ | (5,951 | ) |  | $ | — |
Interest expense, net: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2018 |  | $ | (9,306 | ) |  | $ | (11,693 | ) |  | $ | (11,009 | ) |  | $ | (11,056 | )
2017 |  | $ | (9,358 | ) |  | $ | (9,292 | ) |  | $ | (9,291 | ) |  | $ | (9,326 | )
Severance benefits and accelerated stock-based compensation |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2018 |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | (5,300 | )
Benefit (provision) for income taxes: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2018 |  | $ | 922 |  |  | $ | (4,324 | ) |  | $ | 2,426 |  |  | $ | (764 | )
2017 |  | $ | 1,282 |  |  | $ | 2,761 |  |  | $ | 6,698 |  |  | $ | 30,018 |
Income from discontinued operations, net of taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2017 |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1,076 |
(A) | Turnaround expenses do not include the impact on operating results relating to lost absorption or reduced margins due to the associated plants being shut down.

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- Definition Tabular disclosure of quarterly financial data. Includes, but is not limited to, financial information for fiscal quarters, cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=109225645&loc=d3e1280-108306 + Details
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