Carbo Ceramics (CRRTQ) 10-Q 1 Nov 13 2013 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Sep. 30, 2013	Oct. 25, 2013
Document Information [Line Items]	'	'
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	30-Sep-13	'
Document Fiscal Year Focus	'2013	'
Document Fiscal Period Focus	'Q3	'
Trading Symbol	'CRR	'
Entity Registrant Name	'CARBO CERAMICS INC	'
Entity Central Index Key	'0001009672	'
Current Fiscal Year End Date	'--12-31	'
Entity Filer Category	'Large Accelerated Filer	'
Entity Common Stock, Shares Outstanding	'	23,077,848

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Current assets:	'	'
Cash and cash equivalents	$73,757	$90,635
Trade accounts and other receivables, net	156,138	103,258
Inventories:	'	'
Finished goods	83,159	102,625
Raw materials and supplies	46,386	38,061
Total inventories	129,545	140,686
Prepaid expenses and other current assets	8,077	4,293
Deferred income taxes	10,745	11,045
Total current assets	378,262	349,917
Property, plant and equipment:	'	'
Land and land improvements	24,561	19,700
Land-use and mineral rights	11,156	9,559
Buildings	70,256	67,866
Machinery and equipment	532,533	530,129
Construction in progress	85,709	39,564
Total	724,215	666,818
Less accumulated depreciation and amortization	272,163	240,586
Net property, plant and equipment	452,052	426,232
Goodwill	12,164	12,164
Intangible and other assets, net	18,076	20,565
Total assets	860,554	808,878
Current liabilities:	'	'
Accounts payable	22,674	20,078
Accrued income taxes	2,185	727
Accrued freight	7,865	4,925
Dividends payable	6,924	'
Other accrued expenses	26,162	25,100
Total current liabilities	65,810	50,830
Deferred income taxes	47,918	44,970
Shareholders' equity:	'	'
Preferred stock, par value $0.01 per share, 5,000 shares authorized, none outstanding	'	'
Common stock, par value $0.01 per share, 80,000,000 shares authorized; 23,080,505 and 23,092,906 shares issued and outstanding at September 30, 2013 and December 31, 2012, respectively	231	231
Additional paid-in capital	55,533	57,364
Retained earnings	694,115	657,423
Accumulated other comprehensive loss	-3,053	-1,940
Total shareholders' equity	746,826	713,078
Total liabilities and shareholders' equity	$860,554	$808,878

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parenthetical) (USD $)	Sep. 30, 2013	Dec. 31, 2012
Preferred stock, par value	$0.01	$0.01
Preferred stock, share authorized	5,000	5,000
Preferred stock, share outstanding	'	'
Common stock, par value	$0.01	$0.01
Common stock, share authorized	80,000,000	80,000,000
Common stock, share issued	23,080,505	23,092,906
Common stock, share outstanding	23,080,505	23,092,906

Consolidated_Statements_Of_Inc

Consolidated Statements Of Income (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Revenues	$201,477	$151,134	$502,879	$491,914
Cost of sales	138,718	100,984	358,402	314,047
Gross profit	62,759	50,150	144,477	177,867
Selling, general, and administrative, and other operating expenses	18,562	15,135	51,013	48,857
Operating profit	44,197	35,015	93,464	129,010
Other income (expense):	'	'	'	'
Interest income (expense), net	189	17	616	-18
Foreign currency exchange gain (loss), net	29	-175	-2	-31
Other, net	-16	-2	-87	-214
Nonoperating expense, total	202	-160	527	-263
Income before income taxes	44,399	34,855	93,991	128,747
Income taxes	14,251	10,957	29,960	42,641
Net income	$30,148	$23,898	$64,031	$86,106
Earnings per share:	'	'	'	'
Basic	$1.31	$1.04	$2.77	$3.73
Diluted	$1.31	$1.04	$2.77	$3.73
Other information:	'	'	'	'
Dividends declared per common share (See Note 4)	$0.60	$0.54	$1.14	$1.02

Consolidated_Statements_Of_Com

Consolidated Statements Of Comprehensive Income (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Net income	$30,148	$23,898	$64,031	$86,106
Other comprehensive income (loss):	'	'	'	'
Foreign currency translation adjustment	1,016	2,832	-1,712	1,661
Deferred income tax (expense) benefit	-356	-992	599	-582
Other comprehensive income (loss), net of tax	660	1,840	-1,113	1,079
Comprehensive income	$30,808	$25,738	$62,918	$87,185

Consolidated_Statements_Of_Cas

Consolidated Statements Of Cash Flows (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012
Operating activities	'	'
Net income	$64,031	$86,106
Adjustments to reconcile net income to net cash provided by operating activities:	'	'
Depreciation and amortization	35,146	33,333
Provision for doubtful accounts	28	12
Deferred income taxes	3,865	7,469
Excess tax benefits from stock based compensation	-67	-1,292
Gain on disposal or impairment of assets	-56	-12
Foreign currency transaction loss, net	2	31
Stock compensation expense	4,519	4,051
Changes in operating assets and liabilities:	'	'
Trade accounts and other receivables	-52,708	-5,499
Inventories	10,901	2,016
Prepaid expenses and other current assets	-3,772	-2,679
Long-term prepaid expenses	1,973	1,306
Accounts payable	2,460	-25,819
Accrued expenses	3,730	-9,811
Accrued income taxes, net	1,185	9,302
Net cash provided by operating activities	71,237	98,514
Investing activities	'	'
Capital expenditures	-61,186	-64,124
Net cash used in investing activities	-61,186	-64,124
Financing activities	'	'
Proceeds from bank borrowings	'	10,000
Repayments on bank borrowings	'	-10,000
Net proceeds from stock based compensation	'	54
Dividends paid	-19,427	-17,328
Purchase of common stock	-6,821	-7,655
Excess tax benefits from stock based compensation	67	1,292
Net cash used in financing activities	-26,181	-23,637
Effect of exchange rate changes on cash	-748	-2
Net (decrease) increase in cash and cash equivalents	-16,878	10,751
Cash and cash equivalents at beginning of period	90,635	41,270
Cash and cash equivalents at end of period	73,757	52,021
Supplemental cash flow information	'	'
Interest paid	3	76
Income taxes paid	$24,909	$25,870

Basis_of_Presentation

Basis of Presentation	9 Months Ended
	Sep. 30, 2013
Basis of Presentation	'
	1. Basis of Presentation
	The accompanying unaudited consolidated financial statements of CARBO Ceramics Inc. have been prepared in accordance with United States generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and notes required for complete financial statements. In the opinion of management, all adjustments, consisting only of normal recurring adjustments, considered necessary for a fair presentation have been included. The results of the interim periods presented herein are not necessarily indicative of the results to be expected for any other interim period or the full year. The consolidated balance sheet as of December 31, 2012 has been derived from the audited financial statements at that date. These financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto for the year ended December 31, 2012 included in the annual report on Form 10-K of CARBO Ceramics Inc. for the year ended December 31, 2012.
	The consolidated financial statements include the accounts of CARBO Ceramics Inc. and its operating subsidiaries (the “Company”). All significant intercompany transactions have been eliminated.

Earnings_Per_Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2013
Earnings Per Share	'
	2. Earnings Per Share
	The following table sets forth the computation of basic and diluted earnings per share under the two-class method:
		Three months ended						Nine months ended
		September 30,						September 30,
		2013			2012			2013			2012
	Numerator for basic and diluted earnings per share:
	Net income	$	30,148		$	23,898		$	64,031		$	86,106
	Effect of reallocating undistributed earnings of participating securities		(183	)		(122	)		(410	)		(458	)
	Net income available under the two-class method	$	29,965		$	23,776		$	63,621		$	85,648
	Denominator:
	Denominator for basic earnings per share—weighted-average shares		22,940,794			22,963,318			22,961,251			22,966,134
	Effect of dilutive securities:
	Employee stock options		—			—			—			833
	Dilutive potential common shares		—			—			—			833
	Denominator for diluted earnings per share—adjusted weighted-average shares		22,940,794			22,963,318			22,961,251			22,966,967
	Basic earnings per share	$	1.31		$	1.04		$	2.77		$	3.73
	Diluted earnings per share	$	1.31		$	1.04		$	2.77		$	3.73

Common_Stock_Repurchase_Progra

Common Stock Repurchase Program	9 Months Ended
	Sep. 30, 2013
Common Stock Repurchase Program	'
	3. Common Stock Repurchase Program
	On August 28, 2008, the Company’s Board of Directors authorized the repurchase of up to two million shares of the Company’s common stock. Shares are effectively retired at the time of purchase. During the nine months ended September 30, 2013, the Company repurchased and retired 75,000 shares at an aggregate purchase price of $5,833. As of September 30, 2013, the Company had repurchased and retired 1,952,576 shares at an aggregate purchase price of $84,134.

Dividends_Paid

Dividends Paid	9 Months Ended
	Sep. 30, 2013
Dividends Paid	'
	4. Dividends Paid
	On July 16, 2013, the Board of Directors declared a cash dividend of $0.30 per common share payable to shareholders of record on August 1, 2013. The dividend was paid on August 15, 2013. On September 17, 2013, the Board of Directors declared a cash dividend of $0.30 per common share payable to shareholders of record on November 1, 2013. This dividend is payable on November 15, 2013 and is presented in Current Liabilities at September 30, 2013.

Stock_Based_Compensation

Stock Based Compensation	9 Months Ended
	Sep. 30, 2013
Stock Based Compensation	'
	5. Stock Based Compensation
	The CARBO Ceramics Inc. Omnibus Incentive Plan (the “Omnibus Incentive Plan”) provides for granting of cash-based awards, stock options (both non-qualified and incentive) and other equity-based awards (including stock appreciation rights, phantom stock, restricted stock, restricted stock units, performance shares, deferred share units or share-denominated performance units) to employees and non-employee directors. As of September 30, 2013, 496,582 shares were available for issuance under the Omnibus Incentive Plan.
	The Company has made restricted stock awards pursuant to the Omnibus Incentive Plan. A summary of restricted stock activity and related information for the nine months ended September 30, 2013 is presented below:
		Shares			Weighted-
					Average
					Grant - Date
					Fair Value
	Nonvested at January 1, 2013		115,722		$	99.5
	Granted		86,143		$	80.59
	Vested		(47,607	)	$	98.2
	Forfeited		(14,547	)	$	93.85
	Nonvested at September 30, 2013		139,711		$	88.87
	As of September 30, 2013, there was $7,400 of total unrecognized compensation cost, net of estimated forfeitures, related to restricted shares granted under the Omnibus Incentive Plan. That cost is expected to be recognized over a weighted-average period of 2.0 years. The total fair value of shares vested during the nine months ended September 30, 2013 was $4,675.
	The Company has made phantom stock awards to key international employees pursuant to the Omnibus Incentive Plan. The units subject to an award vest and cease to be forfeitable in equal annual installments over a three-year period. Participants awarded units of phantom shares are entitled to a lump sum cash payment equal to the fair market value of a share of Common Stock on the vesting date. In no event will Common Stock of the Company be issued with regard to outstanding phantom shares. As of September 30, 2013, there were 14,960 units of phantom shares granted under the Omnibus Incentive Plan, of which 6,156 have vested and 1,304 have been forfeited, with a total value of $743, a portion of which was accrued as a liability within Other Accrued Expenses.

Bank_Borrowings

Bank Borrowings	9 Months Ended
	Sep. 30, 2013
Bank Borrowings	'
	6. Bank Borrowings
	The Company has an unsecured revolving credit agreement with a bank. The credit agreement provides the Company with a revolving credit facility of $50,000 and expires on July 25, 2018. The Company has the option of choosing either the bank’s fluctuating Base Rate or LIBOR Fixed Rate, plus an Applicable Margin, all as defined in the credit agreement. The terms of the credit agreement provide for certain affirmative and negative covenants and require the Company to maintain certain financial ratios. Commitment fees are payable quarterly at an annual rate between 0.375% and 0.50% of the unused line of credit.

Foreign_Currencies

Foreign Currencies	9 Months Ended
	Sep. 30, 2013
Foreign Currencies	'
	7. Foreign Currencies
	As of September 30, 2013, the Company’s net investment that is subject to foreign currency fluctuations totaled $89,350 and the Company has recorded a cumulative foreign currency translation loss of $3,053, net of deferred income tax benefit. This cumulative translation loss is included in and is the only component of Accumulated Other Comprehensive Loss. There were no amounts reclassified to net income during the three and nine month periods ended September 30, 2013.

New_Accounting_Pronouncements

New Accounting Pronouncements	9 Months Ended
	Sep. 30, 2013
New Accounting Pronouncements	'
	8. New Accounting Pronouncements
	In February 2013, the Financial Accounting Standards Board (“FASB”) issued authoritative guidance on reporting of amounts reclassified from accumulated other comprehensive income. The new guidance requires a company to present significant amounts reclassified from each component of other comprehensive income and the income statement line items affected by the reclassification. The Company adopted this guidance as of January 1, 2013. The adoption did not have a material impact on the Company’s financial position, results of operations or cash flows.

Legal_Proceedings

Legal Proceedings	9 Months Ended
	Sep. 30, 2013
Legal Proceedings	'
	9. Legal Proceedings
	The Company is subject to legal proceedings, claims and litigation arising in the ordinary course of business. While the outcome of these matters is currently not determinable, management does not expect that the ultimate costs to resolve these matters will have a material adverse effect on the Company’s consolidated financial position, results of operations, or cash flows.
	On February 9, 2012, the Company and two of its officers, Gary A. Kolstad and Ernesto Bautista III, were named as defendants in a purported class-action lawsuit filed in the United States District Court for the Southern District of New York (the “February SDNY Lawsuit”), brought on behalf of shareholders who purchased the Company’s Common Stock between October 27, 2011 and January 26, 2012 (the “Relevant Time Period”). On April 10, 2012, a second purported class-action lawsuit was filed against the same defendants in the United States District Court for the Southern District of New York, brought on behalf of shareholders who purchased or sold CARBO Ceramics Inc. option contracts during the Relevant Time Period (the “April SDNY Lawsuit”, and collectively with the February SDNY Lawsuit, the “Federal Securities Lawsuit”). In June 2012, the February SNDY Lawsuit and the April SDNY Lawsuit were consolidated, and will proceed as one lawsuit. The Federal Securities Lawsuit alleges violations of the federal securities laws arising from statements concerning the Company’s business operations and business prospects that were made during the Relevant Time Period and requests unspecified damages and costs. In September 2012, the Company and Messrs. Kolstad and Bautista filed a motion to dismiss this lawsuit. The motion to dismiss was granted, and the Federal Securities Lawsuit was dismissed without prejudice in June 2013. In September 2013, the plaintiffs filed a motion requesting leave to file a second amended complaint and sustain the lawsuit. Briefing on this motion will take place during the fourth quarter of 2013.
	On June 13, 2012, the Directors of the Company and Mr. Bautista were named as defendants in a purported derivative action lawsuit brought on behalf of the Company by a stockholder in District Court in Harris County, Texas (the “June Harris County Lawsuit”). This lawsuit alleges various breaches of fiduciary duty and other duties by the defendants that generally are related to the Federal Securities Lawsuit, as well as a breach of duty by certain defendants in connection with stock sales. The lawsuit requests unspecified damages and costs, and has been further stayed while the motion for leave to file a second amended complaint in the Federal Securities Lawsuit is considered.
	While each of the Federal Securities Lawsuit and the June Harris County Lawsuit remain in their early stages, the Company does not believe they have merit, and plans to vigorously contest and defend against them.
	In October 2013, the Company made a voluntary disclosure to the State of Georgia Environmental Protection Department (“EPD”) concerning the air emissions of its Toomsboro, Georgia manufacturing facility. Specifically, the disclosure concerns the emission of a specific substance that exceeds permitted levels under applicable regulations. The Company is continuing its dialogue with EPD, and has proposed a solution for this emission variance to EPD for consideration. The Company has not received a Notice of Violation from EPD. Accordingly, the Company does not at this time have an estimate of any fines, penalties or other costs of compliance that may be incurred.
	The Company cannot predict the ultimate outcome or duration of these legal matters.

Earnings_Per_Share_Tables

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2013
Computation of Basic and Diluted Earnings per Share under Two-Class Method	'
	The following table sets forth the computation of basic and diluted earnings per share under the two-class method:
		Three months ended						Nine months ended
		September 30,						September 30,
		2013			2012			2013			2012
	Numerator for basic and diluted earnings per share:
	Net income	$	30,148		$	23,898		$	64,031		$	86,106
	Effect of reallocating undistributed earnings of participating securities		(183	)		(122	)		(410	)		(458	)
	Net income available under the two-class method	$	29,965		$	23,776		$	63,621		$	85,648
	Denominator:
	Denominator for basic earnings per share—weighted-average shares		22,940,794			22,963,318			22,961,251			22,966,134
	Effect of dilutive securities:
	Employee stock options		—			—			—			833
	Dilutive potential common shares		—			—			—			833
	Denominator for diluted earnings per share—adjusted weighted-average shares		22,940,794			22,963,318			22,961,251			22,966,967
	Basic earnings per share	$	1.31		$	1.04		$	2.77		$	3.73
	Diluted earnings per share	$	1.31		$	1.04		$	2.77		$	3.73

Stock_Based_Compensation_Table

Stock Based Compensation (Tables)	9 Months Ended
	Sep. 30, 2013
Summary of Restricted Stock Activity and Related Information	'
	A summary of restricted stock activity and related information for the nine months ended September 30, 2013 is presented below:
		Shares			Weighted-
					Average
					Grant - Date
					Fair Value
	Nonvested at January 1, 2013		115,722		$	99.5
	Granted		86,143		$	80.59
	Vested		(47,607	)	$	98.2
	Forfeited		(14,547	)	$	93.85
	Nonvested at September 30, 2013		139,711		$	88.87

Computation_of_Basic_and_Dilut

Computation of Basic and Diluted Earnings per Share under Two-Class Method (Detail) (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Share data, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Numerator for basic and diluted earnings per share:	'	'	'	'
Net income	$30,148	$23,898	$64,031	$86,106
Effect of reallocating undistributed earnings of participating securities	-183	-122	-410	-458
Net income available under the two-class method	$29,965	$23,776	$63,621	$85,648
Denominator:	'	'	'	'
Denominator for basic earnings per share-weighted-average shares	22,940,794	22,963,318	22,961,251	22,966,134
Effect of dilutive securities:	'	'	'	'
Employee stock options	'	'	'	833
Dilutive potential common shares	'	'	'	833
Denominator for diluted earnings per share-adjusted weighted-average shares	22,940,794	22,963,318	22,961,251	22,966,967
Basic earnings per share	$1.31	$1.04	$2.77	$3.73
Diluted earnings per share	$1.31	$1.04	$2.77	$3.73

Common_Stock_Repurchase_Progra1

Common Stock Repurchase Program - Additional Information (Detail) (USD $)	9 Months Ended	61 Months Ended
In Thousands, except Share data, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2013	Aug. 28, 2008
			Maximum
Class of Stock [Line Items]	'	'	'
Board of Directors authorized the repurchase of common stock	'	'	2,000,000
Repurchased and retired, shares	75,000	1,952,576	'
Repurchased and retired, aggregate purchase price	$5,833	$84,134	'

Dividends_Paid_Additional_Info

Dividends Paid - Additional Information (Detail) (USD $)	1 Months Ended		3 Months Ended		9 Months Ended
	Sep. 17, 2013	Jul. 16, 2013	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Dividends Payable [Line Items]	'	'	'	'	'	'
Dividends declared per common share	$0.30	$0.30	$0.60	$0.54	$1.14	$1.02
Cash dividend, payment date	15-Nov-13	15-Aug-13	'	'	'	'
Cash dividend, record date	1-Nov-13	1-Aug-13	'	'	'	'
Cash dividend, declaration date	17-Sep-13	16-Jul-13	'	'	'	'

Stock_Based_Compensation_Addit

Stock Based Compensation - Additional Information (Detail) (USD $)	9 Months Ended
In Thousands, except Share data, unless otherwise specified	Sep. 30, 2013
Omnibus Incentive Plan	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'
Shares available for issuance under the plan	496,582
Restricted Stock	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'
Unrecognized compensation expense, net	$7,400
Unrecognized compensation expense, net, weighted average period	'2 years
Total fair value of restricted stock vested	4,675
Phantom Share Units (PSUs)	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'
Vesting period	'3 years
Units granted	14,960
Units vested	6,156
Units forfeited	1,304
Total fair value of units outstanding	$743

Summary_of_Restricted_Stock_Ac

Summary of Restricted Stock Activity and Related Information (Detail) (Restricted Stock Units (RSUs), USD $)	9 Months Ended
	Sep. 30, 2013
Restricted Stock Units (RSUs)	'
Shares	'
Beginning Balance	115,722
Granted	86,143
Vested	-47,607
Forfeited	-14,547
Ending Balance	139,711
Weighted-Average Grant-Date Fair Value	'
Beginning Balance	$99.50
Granted	$80.59
Vested	$98.20
Forfeited	$93.85
Ending Balance	$88.87

Bank_Borrowings_Additional_Inf

Bank Borrowings - Additional Information (Detail) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013
Line of Credit Facility [Line Items]	'
Line of credit, maximum borrowing capacity	$50,000
Line of credit maturity date	25-Jul-18
Frequency of payments for commitment fees	'Quarterly
Minimum	'
Line of Credit Facility [Line Items]	'
Commitment fees on unused line of credit, percentage	0.38%
Maximum	'
Line of Credit Facility [Line Items]	'
Commitment fees on unused line of credit, percentage	0.50%

Foreign_Currencies_Additional_

Foreign Currencies - Additional Information (Detail) (USD $)	3 Months Ended	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2013	Dec. 31, 2012
Schedule of Foreign Currency Balance [Line Items]	'	'	'
Investment subject to foreign currency fluctuations	$89,350	$89,350	'
Cumulative foreign currency translation loss, net of deferred income tax benefit	-3,053	-3,053	-1,940
Amount reclassified to net income	'	'	'

Legal_Proceedings_Additional_I

Legal Proceedings - Additional Information (Detail)	1 Months Ended
	Oct. 31, 2013	Sep. 30, 2013	Sep. 30, 2012	Jun. 30, 2012	Jun. 13, 2012	Apr. 10, 2012	Feb. 09, 2012
				LegalMatter			Defendant
Loss Contingencies [Line Items]	'	'	'	'	'	'	'
Law suit filing date	'	'	'	'	'On June 13, 2012, the Directors of the Company and Mr. Bautista were named as defendants in a purported derivative action lawsuit brought on behalf of the Company by a stockholder in District Court in Harris County, Texas (the "June Harris County Lawsuit").	'On April 10, 2012, a second purported class-action lawsuit was filed against the same defendants in the United States District Court for the Southern District of New York, brought on behalf of shareholders who purchased or sold CARBO Ceramics Inc. option contracts during the Relevant Time Period (the bApril SDNY Lawsuit, and collectively with the February SDNY Lawsuit, the bFederal Securities Lawsuitb)	'On February 9, 2012, the Company and two of its officers, Gary A. Kolstad and Ernesto Bautista III, were named as defendants in a purported class-action lawsuit filed in the United States District Court for the Southern District of New York (the "February SDNY Lawsuit"), brought on behalf of shareholders who purchased the Company's Common Stock between October 27, 2011 and January 26, 2012 (the "Relevant Time Period").
Name of defendant	'	'	'The Company and Messrs. Kolstad and Bautista	'	'The Directors of the Company and Mr. Bautista	'The Company and two of its officers, Gary A. Kolstad and Ernesto Bautista III	'The Company and two of its officers, Gary A. Kolstad and Ernesto Bautista III
Name of plaintiff	'	'	'	'	'Stockholder in District Court in Harris County, Texas	'Shareholders who purchased or sold CARBO Ceramics Inc. option contracts during the Relevant Time Period	'Shareholders who purchased the Company's Common Stock between October 27, 2011 and January 26, 2012
Number of officers named as defendants	'	'	'	'	'	'	2
Number of lawsuits	'	'	'	1	'	'	'
Suit Consolidation	'	'	'	'	'	'In June 2012, the February SNDY Lawsuit and the April SDNY Lawsuit were consolidated, and will proceed as one lawsuit.	'In June 2012, the February SNDY Lawsuit and the April SDNY Lawsuit were consolidated, and will proceed as one lawsuit.
Actions Taken by Defendant	'	'	'	'	'	'In September 2012, the Company and Messrs. Kolstad and Bautista filed a motion to dismiss this lawsuit. The motion to dismiss was granted, and the Federal Securities Lawsuit was dismissed without prejudice in June 2013.	'In September 2012, the Company and Messrs. Kolstad and Bautista filed a motion to dismiss this lawsuit. The motion to dismiss was granted, and the Federal Securities Lawsuit was dismissed without prejudice in June 2013.
Laws affected	'	'	'	'The Federal Securities Lawsuit alleges violations of the federal securities laws arising from statements concerning the Companybs business operations and business prospects that were made during the Relevant Time Period and requests unspecified damages and costs.	'This lawsuit alleges various breaches of fiduciary duty and other duties by the defendants that generally are related to the Federal Securities Lawsuit, as well as a breach of duty by certain defendants in connection with stock sales.	'The Federal Securities Lawsuit alleges violations of the federal securities laws arising from statements concerning the Companybs business operations and business prospects that were made during the Relevant Time Period and requests unspecified damages and costs.	'The Federal Securities Lawsuit alleges violations of the federal securities laws arising from statements concerning the Companybs business operations and business prospects that were made during the Relevant Time Period and requests unspecified damages and costs.
Actions Taken by Defendant	'	'In September 2013, the plaintiffs filed a motion requesting leave to file a second amended complaint and sustain the lawsuit. Briefing on this motion will take place during the fourth quarter of 2013.	'	'	'	'	'
Settlement agreement	'	'	'	'	'The lawsuit requests unspecified damages and costs, and has been further stayed while the motion for leave to file a second amended complaint in the Federal Securities Lawsuit is considered.	'	'
Company assessment and process	'In October 2013, the Company made a voluntary disclosure to the State of Georgia Environmental Protection Department ("EPD") concerning the air emissions of its Toomsboro, Georgia manufacturing facility. Specifically, the disclosure concerns the emission of a specific substance that exceeds permitted levels under applicable regulations. The Company is continuing its dialogue with EPD, and has proposed a solution for this emission variance to EPD for consideration.	'	'	'	'	'	'
Inestimable loss	'The Company has not received a Notice of Violation from EPD. Accordingly, the Company does not at this time have an estimate of any fines, penalties or other costs of compliance that may be incurred.	'	'	'	'	'	'