Segment Information (Tables)

9 Months Ended

Sep. 30, 2015

Segment Reporting [Abstract]

Segment Financial Information

	Three Months Ended September 30,						Nine Months Ended September 30,
	2015			2014			2015			2014
	(In Thousands)
Net sales:
Chemical	$	80,623		$	94,767		$	320,205		$	345,744
Climate Control		75,050			73,485			207,090			196,585
Other		2,012			2,794			6,907			8,904
	$	157,685		$	171,046		$	534,202		$	551,233
Gross profit (loss): (1)
Chemical (2)	$	(10,456	)	$	(521	)	$	25,001		$	57,161
Climate Control		22,978			23,862			63,021			61,628
Other		757			1,045			2,498			3,188
	$	13,279		$	24,386		$	90,520		$	121,977
Operating income (loss): (1)
Chemical (2) (3)	$	(55,046	)	$	(5,587	)	$	(31,546	)	$	46,815
Climate Control		7,163			8,452			15,479			17,396
Other		169			397			745			1,298
General corporate expenses (4)		(7,173	)		(4,459	)		(22,782	)		(17,081	)
		(54,887	)		(1,197	)		(38,104	)		48,428
Interest expense, net (5)		877			5,079			6,505			17,458
Non-operating income, net:
Chemical		(16	)		(73	)		(77	)		(213	)
Climate Control		—			—			(4	)		—
Corporate and other business operations		(7	)		(16	)		(26	)		(29	)
Provision (benefit) for income taxes		(21,982	)		(2,415	)		(17,842	)		12,286
Equity in earnings of affiliate - Climate Control		—			—			—			(79	)
Income (loss) from continuing operations	$	(33,759	)	$	(3,772	)	$	(26,660	)	$	19,005

(1) Gross profit (loss) by business segment represents net sales less cost of sales. Gross profit classified as “Other” relates to the sales of industrial machinery and related components. Operating income (loss) by business segment represents gross profit (loss) by business segment less selling, general and administrative expense (“SG&A”) incurred by each business segment plus other income and other expense earned/incurred by each business segment before general corporate expenses.

(2) During the third quarter of 2015, a Turnaround was performed at our Pryor Facility. Following the completion of a Turnaround at our Pryor Facility we experienced unplanned downtime while restarting the plant that negatively impacted production, sales and operating results. During the first quarter of 2014, we recognized business interruption and property insurance recoveries totaling $28.0 million, of which approximately $22.9 million was recognized as a reduction to cost of sales. During the third quarter of 2014, a Turnaround was performed at our Cherokee Facility, which negatively impacted production, sales and operating results.

(3) During the third quarter of 2015, our Chemical Business recognized an impairment charge of $39.7 million relating to our working interest in natural gas properties as discussed in Note 1 – Summary of Significant Accounting Policies.

(4) General corporate expenses consist of the following:

	Three Months Ended September 30,						Nine Months Ended September 30,
	2015			2014			2015			2014
	(In Thousands)
Selling, general and administrative:
Personnel costs	$	(4,428	)	$	(2,134	)	$	(11,118	)	$	(6,478	)
Fees and expenses relating to shareholders (A)		(113	)		(230	)		(4,447	)		(4,692	)
Professional fees		(1,556	)		(1,185	)		(4,387	)		(3,333	)
All other		(1,058	)		(915	)		(2,829	)		(2,633	)
Total selling, general and administrative		(7,155	)		(4,464	)		(22,781	)		(17,136	)
Other income		4			19			73			69
Other expense		(22	)		(14	)		(74	)		(14	)
Total general corporate expenses	$	(7,173	)	$	(4,459	)	$	(22,782	)	$	(17,081	)

(A) These fees and expenses include costs associated with evaluating and analyzing proposals received from certain activist shareholders and dealing, negotiating and settling with those shareholders in order to avoid proxy contests.

(5) During the three and nine months ended September 30, 2015, interest expense is net of capitalized interest of $8.3 million and $20.9 million, respectively. During the three and nine months ended September 30, 2014, interest expense is net of capitalized interest of $3.9 million and $9.2 million, respectively.

General Corporate Expenses and Other Business Operations, Net

(4) General corporate expenses consist of the following:

	Three Months Ended September 30,						Nine Months Ended September 30,
	2015			2014			2015			2014
	(In Thousands)
Selling, general and administrative:
Personnel costs	$	(4,428	)	$	(2,134	)	$	(11,118	)	$	(6,478	)
Fees and expenses relating to shareholders (A)		(113	)		(230	)		(4,447	)		(4,692	)
Professional fees		(1,556	)		(1,185	)		(4,387	)		(3,333	)
All other		(1,058	)		(915	)		(2,829	)		(2,633	)
Total selling, general and administrative		(7,155	)		(4,464	)		(22,781	)		(17,136	)
Other income		4			19			73			69
Other expense		(22	)		(14	)		(74	)		(14	)
Total general corporate expenses	$	(7,173	)	$	(4,459	)	$	(22,782	)	$	(17,081	)

(A) These fees and expenses include costs associated with evaluating and analyzing proposals received from certain activist shareholders and dealing, negotiating and settling with those shareholders in order to avoid proxy contests.

Total Assets by Business Segment

Information about our total assets by business segment is as follows:

	September 30, 2015		December 31, 2014
	(In Thousands)
Chemical	$	968,127	$	929,745
Climate Control		121,904		133,183
Other		6,437		5,960
Corporate assets		60,526		68,117
Total assets	$	1,156,994	$	1,137,005