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Quarterly Financial Data (Tables) | 12 Months Ended
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Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract] |
Schedule of Quarterly Financial Information | Summarized unaudited quarterly financial data for 2019 and 2018 are as follows.
|  | Three months ended |
|  | March 31 |  |  | June 30 |  |  | September 30 |  |  | December 31 |
|  | (In Thousands, Except Per Share Amounts) |
2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 94,152 |  |  | $ | 121,527 |  |  | $ | 75,495 |  |  | $ | 73,896 |
Gross profit (loss) (1) |  | $ | 7,318 |  |  | $ | 19,677 |  |  | $ | (9,733 | ) |  | $ | (12,277 | )
Net income (loss) (1) (2) |  | $ | (11,540 | ) |  | $ | 6,631 |  |  | $ | (30,794 | ) |  | $ | (27,714 | )
Net loss attributable to common stockholders |  | $ | (19,367 | ) |  | $ | (1,530 | ) |  | $ | (39,133 | ) |  | $ | (36,411 | )
Basic and dilutive loss per common share |  | $ | (0.69 | ) |  | $ | (0.05 | ) |  | $ | (1.39 | ) |  | $ | (1.30 | )
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 | )
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) |
Turnaround expense: (A) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2019 |  | $ | — |  |  | $ | (604 | ) |  | $ | (7,232 | ) |  | $ | (5,374 | )
2018 |  | $ | (302 | ) |  | $ | (1,412 | ) |  | $ | (7,939 | ) |  | $ | (115 | )
Recovery from a settlement with a vendor |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2018 |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 4,419 |
(2) | The following income (expense) items impacted net income (loss):
Charge associated with assets held for sale |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2019 |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | (9,701 | )
Loss on extinguishment of debt |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2018 |  | $ | — |  |  | $ | — |  |  | $ | (5,951 | ) |  | $ | — |
Severance benefits and accelerated stock-based compensation |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2018 |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | (5,300 | )
Benefit (provision) for income taxes: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2019 (B) |  | $ | (400 | ) |  | $ | 5,733 |  |  | $ | 483 |  |  | $ | 15,108 |
2018 |  | $ | 922 |  |  | $ | (4,324 | ) |  | $ | 2,426 |  |  | $ | (764 | )
(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.
(B) | The deferred tax benefit for the three-month period ended December 31, 2019 is primarily due to federal and state indefinite lived carryforward benefits that can be realized through the reversal of deferred tax liabilities.

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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=118952077&loc=d3e1280-108306 + Details
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