Segment Information

3 Months Ended

Mar. 31, 2016

Segment Reporting [Abstract]

Segment Information

Note 12: Segment Information

	Three Months Ended
	March 31,
	2016			2015
	(In Thousands)
Net sales:
Chemical	$	97,005		$	131,754
Climate Control		66,627			65,198
Other		1,967			1,846
	$	165,599		$	198,798
Gross profit (loss): (1)
Chemical (2)	$	(6,961	)	$	20,232
Climate Control		21,173			19,962
Other		797			567
	$	15,009		$	40,761
Operating income (loss): (1)
Chemical (2)	$	(10,172	)	$	16,660
Climate Control		5,464			4,312
Other		243			(2	)
General corporate expenses (3)		(7,778	)		(6,747	)
		(12,243	)		14,223
Interest expense, net (4)		1,350			3,398
Non-operating income, net:
Chemical		(6	)		(33	)
Corporate and other business operations (5)		1,962			(2	)
Provision (benefit) for income taxes		(610	)		4,181
Income (loss) from continuing operations	$	(14,939	)	$	6,679

(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 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 first quarter of 2016, our Chemical Business incurred a $12.1 million fee related to one-time consulting services associated with the reduction of assessed property tax values for the El Dorado projects real and personal property for both the nitric acid plant, nitric acid concentrator plant and the ammonia plant at our El Dorado Facility.

Note 12: Segment Information (continued)

(3) General corporate expenses consist of the following:

	Three Month Ended
	March 31,
	2016			2015
	(In Thousands)
Selling, general and administrative:
Personnel costs	$	(3,349	)	$	(2,602	)
Shareholder related fees and expenses (A)		(63	)		(1,679	)
Professional fees		(3,177	)		(1,544	)
All other		(940	)		(897	)
Total selling, general and administrative		(7,529	)		(6,722	)
Other income		—			24
Other expense		(249	)		(49	)
Total general corporate expenses	$	(7,778	)	$	(6,747	)

(A) For the first quarter of 2015, 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.

(4) During the three months ended March 31, 2016 and 2015, interest expense is net of capitalized interest of $10.0 million and $5.6 million, respectively.

(5) During the three months ended March 31, 2016, we recognized an unrealized loss of $2.5 million based on the change in fair value of the embedded derivative discussed in Note 9.

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

	March 31,		December 31,
	2016		2015
	(In Thousands)
Chemical	$	1,175,621	$	1,159,592
Climate Control		119,878		148,997
Other		5,391		5,502
Corporate		42,406		47,736
Total assets	$	1,343,296	$	1,361,827