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Business Segment Information (Tables) | 6 Months Ended
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Jun. 30, 2014
Holding Percentage of Subsidiaries |
Business segment |  | Entity |  | % controlled at June 30, 2014 |
Chemicals |  | Kronos |  | 80 | %
Component products |  | CompX |  | 87 | %
Waste management |  | WCS |  | 100 | %
Real estate management and development |  | BMI and LandWell |  | 63% - 77 | %
Segment Operating Performance |
| Three months ended June 30, |  |  | Six months ended June 30, |
| 2013 |  |  | 2014 |  |  | 2013 |  |  | 2014 |
| (unaudited) |  |  |  |  |  |  |  |  |
| (In millions)
Net sales: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Chemicals | $ | 481.1 |  |  | $ | 443.5 |  |  | $ | 944.7 |  |  | $ | 863.6 |
Component products |  | 24.0 |  |  |  | 26.8 |  |  |  | 45.5 |  |  |  | 52.6 |
Waste management |  | 10.9 |  |  |  | 11.9 |  |  |  | 25.0 |  |  |  | 18.9 |
Real estate management and development |  | — |  |  |  | 9.5 |  |  |  | — |  |  |  | 19.0 |
Total net sales | $ | 516.0 |  |  | $ | 491.7 |  |  | $ | 1,015.2 |  |  | $ | 954.1 |
Cost of sales: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Chemicals | $ | 472.1 |  |  | $ | 350.3 |  |  | $ | 932.4 |  |  | $ | 690.5 |
Component products |  | 16.4 |  |  |  | 18.3 |  |  |  | 31.9 |  |  |  | 36.3 |
Waste management |  | 10.3 |  |  |  | 11.9 |  |  |  | 20.8 |  |  |  | 22.6 |
Real estate management and development |  | — |  |  |  | 7.0 |  |  |  | — |  |  |  | 14.7 |
Total cost of sales | $ | 498.8 |  |  | $ | 387.5 |  |  | $ | 985.1 |  |  | $ | 764.1 |
Gross margin: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Chemicals | $ | 9.0 |  |  | $ | 93.2 |  |  | $ | 12.3 |  |  | $ | 173.1 |
Component products |  | 7.6 |  |  |  | 8.5 |  |  |  | 13.6 |  |  |  | 16.3 |
Waste management |  | .6 |  |  |  | — |  |  |  | 4.2 |  |  |  | (3.7 | )
Real estate management and development |  | — |  |  |  | 2.5 |  |  |  | — |  |  |  | 4.3 |
Total gross margin | $ | 17.2 |  |  | $ | 104.2 |  |  | $ | 30.1 |  |  | $ | 190.0 |
Operating income (loss): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Chemicals | $ | (45.3 | ) |  | $ | 46.3 |  |  | $ | (90.4 | ) |  | $ | 73.9 |
Component products |  | 2.9 |  |  |  | 3.9 |  |  |  | 4.4 |  |  |  | 7.2 |
Waste management |  | (4.4 | ) |  |  | (5.0 | ) |  |  | (6.0 | ) |  |  | (13.5 | )
Real estate management and development |  | — |  |  |  | 1.5 |  |  |  | — |  |  |  | 1.9 |
Total operating income (loss) |  | (46.8 | ) |  |  | 46.7 |  |  |  | (92.0 | ) |  |  | 69.5 |
Equity in earnings of investees |  | (.5 | ) |  |  | — |  |  |  | (.8 | ) |  |  | — |
General corporate items: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Securities earnings |  | 6.7 |  |  |  | 6.6 |  |  |  | 13.3 |  |  |  | 13.4 |
Insurance recoveries |  | 1.0 |  |  |  | .4 |  |  |  | 1.6 |  |  |  | 1.2 |
Loss on prepayment of debt |  | — |  |  |  | — |  |  |  | (6.6 | ) |  |  | — |
General expenses, net |  | (21.6 | ) |  |  | (13.9 | ) |  |  | (31.3 | ) |  |  | (22.2 | )
Interest expense |  | (14.7 | ) |  |  | (14.6 | ) |  |  | (30.1 | ) |  |  | (28.3 | )
Income (loss) before income taxes | $ | (75.9 | ) |  | $ | 25.2 |  |  | $ | (145.9 | ) |  | $ | 33.6 |

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