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Business Segment Information (Tables)
3 Months Ended
Mar. 31, 2017
Segment Reporting [Abstract]  
Holding Percentage of Subsidiaries

 

Business segment

  

Entity

  

% controlled at
March 31, 2017

 

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,

 

 

 

2016

 

 

 

2017

 

 

(unaudited)

 

Net sales:

 

 

 

 

 

 

 

Chemicals

$

318.5

 

 

$

369.8

 

Component products

 

27.1

 

 

 

29.9

 

Waste management

 

5.2

 

 

 

21.5

 

Real estate management and development

 

2.7

 

 

 

5.7

 

Total net sales

$

353.5

 

 

$

426.9

 

Cost of sales:

 

 

 

 

 

 

 

Chemicals

$

278.5

 

 

$

266.8

 

Component products

 

18.9

 

 

 

20.3

 

Waste management

 

11.7

 

 

 

16.7

 

Real estate management and development

 

2.4

 

 

 

4.2

 

Total cost of sales

$

311.5

 

 

$

308.0

 

Gross margin:

 

 

 

 

 

 

 

Chemicals

$

40.0

 

 

$

103.0

 

Component products

 

8.2

 

 

 

9.6

 

Waste management

 

(6.5

)

 

 

4.8

 

Real estate management and development

 

.3

 

 

 

1.5

 

Total gross margin

$

42.0

 

 

$

118.9

 

Operating income (loss):

 

 

 

 

 

 

 

Chemicals

$

3.0

 

 

$

55.0

 

Component products

 

3.4

 

 

 

4.5

 

Waste management

 

(10.8

)

 

 

.6

 

Real estate management and development

 

(5.9

)

 

 

.6

 

Total operating income (loss)

 

(10.3

)

 

 

60.7

 

General corporate items:

 

 

 

 

 

 

 

Securities earnings

 

6.8

 

 

 

7.0

 

Insurance recoveries

 

.1

 

 

 

.1

 

General expenses, net

 

(11.5

)

 

 

(12.4

)

Interest expense

 

(15.7

)

 

 

(15.6

)

Income (loss) before income taxes

$

(30.6

)

 

$

39.8