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Business Segment Information (Tables)
3 Months Ended
Mar. 31, 2016
Segment Reporting [Abstract]  
Holding Percentage of Subsidiaries

 

Business segment

  

Entity

  

% controlled at
March 31, 2016

 

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
March 31,

 

 

 

2015

 

 

 

2016

 

 

(unaudited)

 

Net sales:

 

 

 

 

 

 

 

Chemicals

$

365.1

 

 

$

318.5

 

Component products

 

27.9

 

 

 

27.1

 

Waste management

 

15.0

 

 

 

5.2

 

Real estate management and development

 

8.1

 

 

 

2.7

 

Total net sales

$

416.1

 

 

$

353.5

 

Cost of sales:

 

 

 

 

 

 

 

Chemicals

$

288.2

 

 

$

278.5

 

Component products

 

19.3

 

 

 

18.9

 

Waste management

 

12.1

 

 

 

11.7

 

Real estate management and development

 

7.2

 

 

 

2.4

 

Total cost of sales

$

326.8

 

 

$

311.5

 

Gross margin:

 

 

 

 

 

 

 

Chemicals

$

76.9

 

 

$

40.0

 

Component products

 

8.6

 

 

 

8.2

 

Waste management

 

2.9

 

 

 

(6.5

)

Real estate management and development

 

.9

 

 

 

.3

 

Total gross margin

$

89.3

 

 

$

42.0

 

Operating income (loss):

 

 

 

 

 

 

 

Chemicals

$

34.0

 

 

$

3.0

 

Component products

 

3.7

 

 

 

3.4

 

Waste management

 

(2.9

)

 

 

(10.8

)

Real estate management and development

 

(.2

)

 

 

(5.9

)

Total operating income (loss)

 

34.6

 

 

 

(10.3

)

General corporate items:

 

 

 

 

 

 

 

Securities earnings

 

6.7

 

 

 

6.8

 

Insurance recoveries

 

3.1

 

 

 

.1

 

General expenses, net

 

(8.2

)

 

 

(11.5

)

Interest expense

 

(14.6

)

 

 

(15.7

)

Income (loss) before income taxes

$

21.6

 

 

$

(30.6

)