
	Three months ended
	March 31			June 30		September 30			December 31
	(In Thousands, Except Per Share Amounts)
2014 (1)
Net sales	$	178,525		$	201,662	$	171,046		$	181,277

Gross profit (2)	$	48,722		$	48,869	$	24,386		$	31,378

Income (loss) from continuing operations (2) (3) (4)	$	11,643		$	11,134	$	(3,772	)	$	718
Net loss (income) from discontinued operations		2			21		5			61

Net income (loss)	$	11,641		$	11,113	$	(3,777	)	$	657

Net income (loss) applicable to common stock	$	11,341		$	11,113	$	(3,777	)	$	657

Income (loss) per common share:
Basic:
Income (loss) from continuing operations	$	0.50		$	0.49	$	(0.17	)	$	0.03
Net loss from discontinued operations		—			—		—			—

Net income (loss)	$	0.50		$	0.49	$	(0.17	)	$	0.03

Diluted:
Income (loss) from continuing operations	$	0.49		$	0.47	$	(0.17	)	$	0.03
Net loss from discontinued operations		—			—		—			—

Net income (loss)	$	0.49		$	0.47	$	(0.17	)	$	0.03

2013 (1)
Net sales	$	150,679		$	202,223	$	177,350		$	149,035

Gross profit (2)	$	25,422		$	38,659	$	48,909		$	30,566

Income (loss) from continuing operations (2) (3) (4)	$	(68	)	$	7,486	$	10,250		$	37,473
Net loss (income) from discontinued operations		—			59		(10	)		130

Net income (loss)	$	(68	)	$	7,427	$	10,260		$	37,343

Net income (loss) applicable to common stock	$	(368	)	$	7,427	$	10,260		$	37,343

Income (loss) per common share:
Basic:
Income (loss) from continuing operations	$	(0.02	)	$	0.33	$	0.46		$	1.67
Net loss from discontinued operations		—			—		—			(0.01	)

Net income (loss)	$	(0.02	)	$	0.33	$	0.46		$	1.66

Diluted:
Income (loss) from continuing operations	$	(0.02	)	$	0.31	$	0.43		$	1.59
Net loss from discontinued operations		—			—		—			(0.01	)

Net income (loss)	$	(0.02	)	$	0.31	$	0.43		$	1.58

(1)

During 2013 and 2014, our Chemical Business encountered a number of significant issues including the impact on production relating to an explosion in one of our nitric acid plants at the El Dorado Facility in May 2012, which replacement construction is underway, a pipe rupture that damaged the ammonia plant at the Cherokee Facility in November 2012, unplanned downtime at the Cherokee Facility in December 2014, and numerous mechanical issues at the Pryor Facility, all resulting in lost production and significant adverse effect on 2013 and 2014 operating results.

(2)	The following items increased (decreased) gross profit and income from continuing operations:


	Three months ended
	March 31			June 30			September 30			December 31
	(In Thousands)
Business interruption insurance recoveries:
2014	$	22,836		$	—		$	—		$	—

2013	$	10,810		$	3,400		$	4,227		$	10,203

Undesignated commodities contracts:
2014	$	2,216		$	(105	)	$	(214	)	$	(3,095	)

2013	$	(162	)	$	(113	)	$	—		$	31

Turnaround costs: (A)
2014	$	(330	)	$	(840	)	$	(5,215	)	$	(105	)

2013	$	(1,587	)	$	(1,398	)	$	24		$	(2,112	)

Precious metals recoveries:
2013	$	—		$	—		$	4,493		$	—


(3) The following items increased income from continuing operations:

Property insurance recoveries:
2014	$	5,147		$	—		$	—		$	—

2013	$	—		$	—		$	255		$	66,000


(4) The following item decreased income from continuing operations:

Fees and expenses relating to certain activist shareholders’ proposals:
2014	$	4,163		$	—		$	—		$	—

Interest expense, net:
2014	$	6,708		$	5,671		$	5,079		$	4,141

2013	$	731		$	536		$	5,395		$	7,324

(A)	Turnaround costs do not include the impact on operating results relating to lost absorption or reduced margins due to the associated plants being shut down.