LSB Industries (LXU) 10-Q 9 Nov 15 2015 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2015	Oct. 30, 2015
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3
Trading Symbol	LXU
Entity Registrant Name	LSB INDUSTRIES INC
Entity Central Index Key	60,714
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		22,811,262

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 23,958	$ 186,811
Restricted cash		365
Short-term investments	15,000	14,500
Accounts receivable, net	90,064	88,074
Inventories:
Finished goods	24,170	28,218
Work in progress	2,743	2,763
Raw materials	26,782	25,605
Total inventories	53,695	56,586
Supplies, prepaid items and other:
Prepaid insurance	2,611	13,752
Precious metals	14,398	12,838
Supplies	17,220	15,927
Prepaid and refundable income taxes	8,709	7,387
Other	4,175	5,438
Total supplies, prepaid items and other	47,113	55,342
Deferred income taxes	20,385	17,204
Total current assets	250,215	418,882
Property, plant and equipment, net	874,575	619,205
Other assets:
Noncurrent restricted cash and cash equivalents		45,969
Noncurrent restricted investments		25,000
Intangible and other, net	32,204	27,949
Total other assets	32,204	98,918
Total assets	1,156,994	1,137,005
Current liabilities:
Accounts payable	110,950	81,456
Short-term financing	1,204	11,955
Accrued and other liabilities	46,317	51,166
Current portion of long-term debt	23,849	10,680
Total current liabilities	182,320	155,257
Long-term debt	472,599	446,638
Noncurrent accrued and other liabilities	17,863	17,934
Deferred income taxes	$ 73,182	$ 83,128
Commitments and contingencies (Note 8)
Stockholders' equity:
Common stock, $.10 par value; 75,000,000 shares authorized, 27,131,724 shares issued (26,968,212 shares at December 31, 2014)	$ 2,713	$ 2,697
Capital in excess of par value	174,500	170,537
Retained earnings	259,191	286,188
Stockholders equity including treasury stock	439,404	462,422
Less treasury stock, at cost:
Common stock, 4,320,462 shares	28,374	28,374
Total stockholders' equity	411,030	434,048
Total Liabilities and Stockholders' equity	1,156,994	1,137,005
Series B Preferred Stock [Member]
Stockholders' equity:
Preferred stock, value	2,000	2,000
Series D Preferred Stock [Member]
Stockholders' equity:
Preferred stock, value	$ 1,000	$ 1,000

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	9 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Common stock, par value	$ 0.10	$ 0.10
Common stock, shares authorized	75,000,000	75,000,000
Common stock, shares issued	27,131,724	26,968,212
Treasury stock, common shares	4,320,462	4,320,462
Series B Preferred Stock [Member]
Convertible preferred stock dividend rate	12.00%	12.00%
Preferred stock, shares issued	20,000	20,000
Preferred stock, shares outstanding	20,000	20,000
Series B cumulative, convertible preferred stock, par value	$ 100	$ 100
Series D Preferred Stock [Member]
Convertible preferred stock dividend rate	6.00%	6.00%
Preferred stock, shares issued	1,000,000	1,000,000
Preferred stock, shares outstanding	1,000,000	1,000,000
Series D cumulative, convertible Class C preferred stock, par value

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Income Statement [Abstract]
Net sales	$ 157,685	$ 171,046	$ 534,202	$ 551,233
Cost of sales	144,406	146,660	443,682	429,256
Gross profit	13,279	24,386	90,520	121,977
Selling, general and administrative expense	29,382	25,208	89,598	77,364
Provision for (recovery of) losses on accounts receivable	(161)	70	352	(86)
Impairment of natural gas properties	39,670		39,670
Property insurance recoveries in excess of losses incurred				(5,147)
Other expense (income), net	(725)	305	(996)	1,418
Operating income (loss)	(54,887)	(1,197)	(38,104)	48,428
Interest expense, net	877	5,079	6,505	17,458
Non-operating other income, net	(23)	(89)	(107)	(242)
Income (loss) from continuing operations before provision (benefit) for income taxes and equity in earnings of affiliate	(55,741)	(6,187)	(44,502)	31,212
Provision (benefit) for income taxes	(21,982)	(2,415)	(17,842)	12,286
Equity in earnings of affiliate				(79)
Income (loss) from continuing operations	(33,759)	(3,772)	(26,660)	19,005
Net loss from discontinued operations	4	5	37	28
Net income (loss)	(33,763)	(3,777)	(26,697)	18,977
Dividends on preferred stocks			300	300
Net income (loss) applicable to common stock	$ (33,763)	$ (3,777)	$ (26,997)	$ 18,677
Weighted-average common shares:
Basic	22,799,007	22,595,634	22,741,012	22,557,935
Diluted	22,799,007	22,595,634	22,741,012	23,661,627
Income (loss) per common share:
Basic	$ (1.48)	$ (0.17)	$ (1.19)	$ 0.83
Diluted	$ (1.48)	$ (0.17)	$ (1.19)	$ 0.80

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (Unaudited) - 9 months ended Sep. 30, 2015 - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock Shares [Member]	Non-Redeemable Preferred Stock [Member]	Capital in Excess of Par Value [Member]	Retained Earnings [Member]	Treasury Stock-Common [Member]
Balance at Dec. 31, 2014	$ 434,048	$ 2,697	$ 3,000	$ 170,537	$ 286,188	$ (28,374)
Balance, shares at Dec. 31, 2014		26,968
Net loss	(26,697)				(26,697)
Dividends paid on preferred stocks	(300)				(300)
Stock-based compensation	1,443			1,443
Exercise of stock options	1,785	$ 16		1,769
Exercise of stock options, shares		160
Common stock issued for services	155			155
Common stock issued for services, shares		4
Excess income tax benefit associated with stock-based compensation	596			596
Balance at Sep. 30, 2015	$ 411,030	$ 2,713	$ 3,000	$ 174,500	$ 259,191	$ (28,374)
Balance, shares at Sep. 30, 2015		27,132

CONDENSED CONSOLIDATED STATEME6

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Cash flows from continuing operating activities
Net income (loss)	$ (26,697)	$ 18,977
Adjustments to reconcile net income (loss) to net cash provided by continuing operating activities:
Deferred income taxes	(13,127)	11,542
Gains on property insurance recoveries associated with property, plant and equipment		(5,147)
Impairment of natural gas properties	39,670
Depreciation, depletion and amortization of property, plant and equipment	29,951	26,421
Other	3,527	2,461
Cash provided (used) by changes in assets and liabilities (net of effects of discontinued operations):
Accounts receivable	5,156	(7,326)
Inventories	1,849	(917)
Prepaid insurance	11,141	11,619
Prepaid and accrued income taxes	(1,322)	5,593
Other supplies, prepaid items and other	(3,872)	1,454
Accounts payable	5,043	5,160
Accrued interest	(8,202)	(8,131)
Other current and noncurrent liabilities	(614)	(4,807)
Net cash provided by continuing operating activities	42,503	56,899
Cash flows from continuing investing activities
Expenditures for property, plant and equipment	(300,763)	(164,160)
Proceeds from property insurance recovery associated with property, plant and equipment		5,147
Proceeds from sales of property and equipment	3	220
Proceeds from short-term investments	24,500
Purchases of short-term investments	(25,000)	(14,500)
Proceeds from noncurrent restricted cash and cash equivalents	45,969	169,276
Deposits of noncurrent restricted cash and cash equivalents		(165,106)
Proceeds from noncurrent restricted investments	25,000	209,990
Purchase of noncurrent restricted investments		(50,000)
Other investing activities	(1,445)	(1,814)
Net cash used by continuing investing activities	(231,736)	(10,947)
Cash flows from continuing financing activities
Proceeds from revolving debt facility	15,101
Payments on revolving debt facility	(1,800)
Proceeds from long-term debt, net of fees	31,047
Payments on long-term debt	(9,064)	(7,853)
Payments of debt issuance costs	(121)
Payments on short-term financing	(10,751)	(12,236)
Proceeds from exercises of stock options	1,785	649
Excess income tax benefit associated with stock-based compensation	596
Dividends paid on preferred stocks	(300)	(300)
Net cash provided (used) by continuing financing activities	26,493	(19,740)
Cash flows of discontinued operations:
Operating cash flows	(113)	(138)
Net increase (decrease) in cash and cash equivalents	(162,853)	26,074
Cash and cash equivalents at beginning of period	186,811	143,750
Cash and cash equivalents at end of period	$ 23,958	$ 169,824

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2015
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 1: Summary of Significant Accounting Policies For a complete discussion of our significant accounting policies, refer to the notes to our audited consolidated financial statements included in our Form 10-K for the year ended December 31, 2014 (“2014 Form 10-K”), filed with the Securities and Exchange Commission (“SEC”) on February 27, 2015. See Note 14 – Subsequent Events concerning certain events, including a commitment for financing obtained from an investor. Basis of Consolidation and Presentation - In the opinion of management, the unaudited condensed consolidated financial statements of the Company as of September 30, 2015 and for the three and nine month periods ended September 30, 2015 and 2014 include all adjustments and accruals, consisting of normal, recurring accrual adjustments, which are necessary for a fair presentation of the results for the interim periods. These interim results are not necessarily indicative of results for a full year due, in part, to the seasonality of our sales of agricultural products and the timing of performing our major plant maintenance activities and the impairment charge recognized as of September 30, 2015 as discussed below under “Impairment of Long –Lived Assets.” Our selling seasons for agricultural products are primarily during the spring and fall planting seasons, which typically extend from March through June and from September through November. Certain information and footnote disclosures normally included in financial statements prepared in accordance with United States (“U.S.”) generally accepted accounting principles (“GAAP”) have been condensed or omitted in this Form 10-Q pursuant to the rules and regulations of the SEC. These condensed consolidated financial statements should be read in connection with our audited consolidated financial statements and notes thereto included in our 2014 Form 10-K. Use of Estimates - Cash and Cash Equivalents - Short-Term Investments - Impairment of Long-Lived Assets - As of September 30, 2015, our Chemical Business recognized an impairment charge of $39.7 million to write-down the carrying value of our working interest in natural gas properties in the Marcellus Shale region to their estimated fair value of $22.5 million. The impairment charge represented the amount by which the carrying value of these natural gas properties exceeded the estimated fair value and was therefore not recoverable. The estimated fair value was determined based on estimated future discounted net cash flows, a Level 3 input, using estimated production and prices at which we reasonably expect natural gas will be sold, including information provided by our independent consulting petroleum engineer. The impairment was due to the decline in forward prices for natural gas, large natural gas price differentials in the Marcellus Shale region and changes in the drilling plans of these natural gas properties. The non-cash impairment charge was included in the condensed consolidated statements of operations line item impairment of natural gas properties for the three and nine months ended September 30, 2015. Noncurrent Restricted Cash and Cash Equivalents - Noncurrent Restricted Investments - Concentration of Credit Risks for Cash, Cash Equivalents, and Investments at Financial Institutions - Recognition of Insurance Recoveries - Recently Issued Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standard Update 2014-09, Revenue from Contracts with Customers (Topic 606)

Income (Loss) Per Common Share

Income (Loss) Per Common Share	9 Months Ended
	Sep. 30, 2015
Earnings Per Share [Abstract]
Income (Loss) Per Common Share	Note 2: Income (Loss) Per Common Share Three Months Ended Nine Months Ended September 30, 2015 2014 2015 2014 (Dollars In Thousands, Except Per Share Amounts) Numerator: Net income (loss): $ (33,763 ) $ (3,777 ) $ (26,697 ) $ 18,977 Dividends on Series B Preferred — — (240 ) (240 ) Dividends on Series D Preferred — — (60 ) (60 ) Total dividends on preferred stocks — — (300 ) (300 ) Numerator for basic net income (loss) per common share - net income (loss) applicable to common stock (33,763 ) (3,777 ) (26,997 ) 18,677 Dividends on preferred stocks assumed to be converted, if dilutive — — 300 300 Numerator for diluted net income (loss) per common share $ (33,763 ) $ (3,777 ) $ (26,697 ) $ 18,977 Denominator: Denominator for basic net income (loss) per common share - weighted-average shares 22,799,007 22,595,634 22,741,012 22,557,935 Effect of dilutive securities: Convertible preferred stocks — — — 916,666 Stock options — — — 187,026 Dilutive potential common shares — — — 1,103,692 Denominator for dilutive net income (loss) per common share - adjusted weighted-average shares and assumed conversions 22,799,007 22,595,634 22,741,012 23,661,627 Basic net income (loss) per common share $ (1.48 ) $ (0.17 ) $ (1.19 ) $ 0.83 Diluted net income (loss) per common share $ (1.48 ) $ (0.17 ) $ (1.19 ) $ 0.80 The following weighted-average shares of securities were not included in the computation of diluted net income (loss) per common share as their effect would have been antidilutive: Three Months Ended Nine Months Ended 2015 2014 2015 2014 Convertible preferred stocks 916,666 916,666 916,666 — Stock options 905,257 673,415 897,690 335,757 1,821,923 1,590,081 1,814,356 335,757

Inventories

Inventories	9 Months Ended
	Sep. 30, 2015
Inventory Disclosure [Abstract]
Inventories	Note 3: Inventories At September 30, 2015 and December 31, 2014, inventory reserves for certain slow-moving inventory items (Climate Control Business products) were $1,855,000 and $1,653,000, respectively. In addition, because costs exceeded the net realizable value, inventory adjustments for certain nitrogen-based inventories provided by our Chemical Business were $2,784,000 and $1,976,000 at September 30, 2015 and December 31, 2014, respectively.

Current and Noncurrent Accrued

Current and Noncurrent Accrued and Other Liabilities	9 Months Ended
	Sep. 30, 2015
Other Liabilities Disclosure [Abstract]
Current and Noncurrent Accrued and Other Liabilities	Note 4: Current and Noncurrent Accrued and Other Liabilities September 30, December 31, (In Thousands) Accrued warranty costs $ 10,129 $ 8,817 Accrued payroll and benefits 9,090 8,743 Deferred revenue on extended warranty contracts 8,380 7,806 Accrued interest 5,686 13,888 Customer deposits 5,297 6,833 Other 25,598 23,013 64,180 69,100 Less noncurrent portion 17,863 17,934 Current portion of accrued and other liabilities $ 46,317 $ 51,166

Accrued Warranty Costs

Accrued Warranty Costs	9 Months Ended
	Sep. 30, 2015
Guarantees [Abstract]
Accrued Warranty Costs	Note 5: Accrued Warranty Costs Our Climate Control Business sells equipment that has an expected life, under normal circumstances and use, which extends over several years. As such, we provide warranties after equipment shipment/start-up covering defects in materials and workmanship. Generally, for commercial/institutional products, the base warranty coverage for most of the manufactured equipment in the Climate Control Business is limited to eighteen months from the date of shipment or twelve months from the date of start-up, whichever is shorter, and to ninety days for spare parts. For residential products, the base warranty coverage for manufactured equipment in the Climate Control Business is limited to ten years from the date of shipment for material and to five years from the date of shipment for labor associated with the repair. The warranty provides that most equipment is required to be returned to the factory or an authorized representative, and the warranty is limited to the repair and replacement of the defective product, with a maximum warranty of the refund of the purchase price. Furthermore, companies within the Climate Control Business generally disclaim and exclude warranties related to merchantability or fitness for any particular purpose and disclaim and exclude any liability for consequential or incidental damages. In some cases, the customer may purchase, or a specific product may be sold with, an extended warranty. The above discussion is generally applicable to such extended warranties, but variations do occur depending upon specific contractual obligations, certain system components, and local laws. Changes in our product warranty obligation (accrued warranty costs) are as follows: Three Months Ended Nine Months Ended 2015 2014 2015 2014 (In Thousands) Balance at beginning of period $ 9,596 $ 7,701 $ 8,817 $ 7,297 Amounts charged to SG&A 2,372 1,926 6,892 5,621 Costs incurred (1,839 ) (1,458 ) (5,580 ) (4,749 ) Balance at end of period $ 10,129 $ 8,169 $ 10,129 $ 8,169

Asset Retirement Obligations

Asset Retirement Obligations	9 Months Ended
	Sep. 30, 2015
Asset Retirement Obligation Disclosure [Abstract]
Asset Retirement Obligations	Note 6: Asset Retirement Obligations Currently, we have various legal requirements related to operations of our Chemical Business facilities, including the disposal of wastewater generated at certain of these facilities. Additionally, we have certain facilities in our Chemical Business that contain asbestos insulation around certain piping and heated surfaces, which we plan to maintain or replace, as needed, with non-asbestos insulation through our standard repair and maintenance activities to prevent deterioration. Currently, there is insufficient information to estimate the fair value for most of our asset retirement obligations (“ARO”). In addition, we currently have no plans to discontinue the use of these facilities, and the remaining life of the facilities is indeterminable. As a result, a liability for only a minimal amount relating to AROs associated with these facilities has been established. However, we will continue to review these obligations and record a liability when a reasonable estimate of the fair value can be made. In addition, our Chemical Business owns working interests in certain natural gas properties. We recognized AROs associated with the obligation to plug and abandon wells when the natural gas reserves in the wells are depleted. At September 30, 2015 and December 31, 2014, our accrued liability for AROs was $274,000 and $340,000, respectively.

Long-Term Debt

Long-Term Debt	9 Months Ended
	Sep. 30, 2015
Debt Disclosure [Abstract]
Long-Term Debt	Note 7: Long-Term Debt Our long-term debt consists of the following: September 30, December 31, (In Thousands) Working Capital Revolver Loan, with a current interest rate of 3.75% (A) $ 13,301 $ — 7.75% Senior Secured Notes due 2019 (B) 425,000 425,000 Secured Promissory Note due 2016, with a current interest rate of 3.33% 17,615 22,814 Secured Promissory Note due 2021, with a current interest rate of 5.25% (C) 16,189 — Secured Promissory Note due 2022, with a current interest rate of 4.21% (D) 15,000 — Other, with a current weighted-average interest rate of 4.50%, most of which is secured primarily by machinery and equipment 9,343 9,504 496,448 457,318 Less current portion of long-term debt 23,849 10,680 Long-term debt due after one year $ 472,599 $ 446,638 (A) In June 2015, the working capital revolver loan (as amended, the “Working Capital Revolver Loan”) was amended, by which the lender released its second-priority security interest and liens in collateral that also secures, on a first priority basis, the 7.75% Senior Secured Notes due 2019 (“Senior Secured Notes”). The amendment also amends the definition of Permitted Investments to include investments that are made: • To the extent that the Consolidated Leverage Ratio (as defined in the amendment) does not exceed 2.5 to 1.0; • In amounts not to exceed 50% of the cumulative consolidated net income or loss since August 7, 2013; • To permit $35 million in joint ventures; and • To permit $50 million in our subsidiary, Zena Energy L.L.C. (“Zena”) The amendment also provides that we can incur additional indebtedness if the Fixed Charge Coverage Ratio (as defined in the amendment) is greater than 2.0 to 1.0. Our ability to make permitted investments or incur indebtedness is conditioned upon our not being in default and having at least 20% of the maximum revolver commitment or $20 million, whichever is greater, being available. The Working Capital Revolver Loan continues to provide (a) advances up to $100 million, which are based on specified percentages of eligible accounts receivable and inventories (b), up to $15 million of letters of credit, the outstanding amount of which reduces the availability under the Working Capital Revolver Loan, and (c) the maturity date is April 13, 2018. (B) The Senior Secured Notes bear interest at the rate of 7.75% per year and mature on August 1, 2019. Interest is to be paid semiannually on February 1st and August 1st. The Senior Secured Notes are general senior secured obligations of LSB. The Senior Secured Notes are jointly and severally and fully and unconditionally guaranteed by all of LSB’s current wholly-owned subsidiaries, with all of the guarantees, except one, being senior secured guarantees and one being a senior unsecured guarantee. The Senior Secured Notes rank equally in right of payment to all of LSB’s and the guarantors’ existing and future senior secured debt, including the Working Capital Revolver Loan, and are senior in right of payment to all of LSB’s and the guarantors’ future subordinated indebtedness. LSB does not have independent assets or operations. (C) The secured promissory note due 2021 (the “Secured Promissory Note due 2021”) is an agreement between one of our subsidiaries, El Dorado Chemical Company (“EDC”), a subsidiary within our Chemical Business, and a lender for an original principal amount of approximately $16.2 million. The Secured Promissory Note due 2021 bears interest at the rate of 5.25% per year and matures on March 26, 2021. Interest only is payable monthly for the first 12 months of the term. Principal and interest are payable monthly for the remaining term of the Secured Promissory Note due 2021. This Secured Promissory Note due 2021 is secured by a natural gas pipeline being constructed at the El Dorado Facility and is guaranteed by LSB. (D) On September 16, 2015, El Dorado Ammonia L.L.C. (“EDA”), a subsidiary within our Chemical Business, entered into a secured promissory note due 2022 (the “Secured Promissory Note due 2022”) for the construction financing of an ammonia storage tank and related systems with an initial funding received of $15.0 million and a maximum principal note amount of $19.8 million. The remainder of the funding under the Secured Promissory Note due 2022 is expected to be drawn upon completion of the ammonia storage tank, but in any event by May 2016 (the “Loan Conversion Date”). Up to the Loan Conversion Date, EDA will make monthly interest payments on the outstanding principal borrowed. On the Loan Conversion Date, the outstanding principal balance will be converted to a seven year secured term loan requiring equal monthly principal and interest payments. In addition, a final balloon payment equal to the remaining outstanding principal (or 30% of the outstanding principal balance on the Loan Conversion Date) is required on the maturity date. The Secured Promissory Note due 2022 bears interest at a rate that is based on the monthly LIBOR rate plus 4.0% and matures in May 2022. The Secured Promissory Note due 2022 is secured by the ammonia tank and related systems and is guaranteed by LSB. EDA may prepay all of the principal amount of the Secured Promissory Note due 2022 from the day following the first anniversary date of the Loan Conversion Date. A prepayment premium is required from the day following the first anniversary date of the Loan Conversion Date beginning at 1.114% and ending at 0.031%, a month prior to the maturity date.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 8: Commitments and Contingencies Termination of Sales Commitment - Planned Capital Additions – EDC is party to an agreement with Weatherly Inc. for the licensing, engineering, and procurement of major manufacturing equipment for a new 65% strength nitric acid plant to be constructed at our El Dorado Facility (the “Nitric Acid Plant”). EDC is also party to various agreements with Leidos and others to engineer, procure and construct the Nitric Acid Plant, a nitric acid concentrator and certain support facilities at the El Dorado Facility. The estimated cost for these projects ranges from $732 million to $755 million (excluding capitalized interest and contingency), of which $531 million has been incurred and capitalized at September 30, 2015. Natural Gas Purchase Commitments – Legal Matters - A. Environmental Matters Our facilities and operations are subject to numerous federal, state and local environmental laws and to other laws regarding health and safety matters (collectively, the “Environmental and Health Laws”). In particular, the manufacture, production and distribution of products by our Chemical Business are activities that entail environmental and public health risks and impose obligations under the Environmental and Health Laws, many of which provide for certain performance obligations, substantial fines and criminal sanctions for violations. There can be no assurance that we will not incur material costs or liabilities in complying with such laws or in paying fines or penalties for violation of such laws. The Environmental and Health Laws and related enforcement policies have in the past resulted, and could in the future result, in significant compliance expenses, cleanup costs (for our sites or third-party sites where our wastes were disposed of), penalties or other liabilities relating to the handling, manufacture, use, emission, discharge or disposal of hazardous or toxic materials at or from our facilities or the use or disposal of certain of its chemical products. Historically, significant expenditures have been incurred by subsidiaries within our Chemical Business in order to comply with the Environmental and Health Laws, and significant expenditures are expected to be incurred in the future. We will also be obligated to manage certain discharge water outlets and monitor groundwater contaminants at our Chemical Business facilities should we discontinue the operations of a facility. We do not operate the natural gas wells where we own a working interest and compliance with Environmental and Health Laws is controlled by others, with our Chemical Business being responsible for its proportionate share of the costs involved. As of September 30, 2015, our accrued liabilities for environmental matters totaled $452,000 relating primarily to the matters discussed below. It is reasonably possible that a change in the estimate of our liability could occur in the near term. Also, see discussion in Note 6 - Asset Retirement Obligations. 1. Discharge Water Matters Each of our chemical manufacturing facilities generates process wastewater, which may include cooling tower and boiler water quality control streams, contact storm water (rain water inside the facility area that picks up contaminants) and miscellaneous spills and leaks from process equipment. The process water discharge, storm-water runoff and miscellaneous spills and leaks are governed by various permits generally issued by the respective state environmental agencies as authorized and overseen by the United States Environmental Protection Agency (the “EPA”). These permits limit the type and amount of effluents that can be discharged and control the method of such discharge. The following are discharge water matters in relation to the respective state discharge water permits. The Pryor Chemical Facility (the “PCC Facility”) holds a permit to inject wastewater into an on-site well that is valid until 2018. The Oklahoma Department of Environmental Quality (“ODEQ”) has indicated that the permit may not be renewed and PCC may have to find an alternative means of disposal after the permit expires. PCC is continuing to discuss disposal possibilities both internally and with the ODEQ. The El Dorado Facility is subject to a state National Pollutant Discharge Elimination System (“NPDES”) discharge water permit issued by the Arkansas Department of Environmental Quality (“ADEQ”). The El Dorado Facility is currently operating under an NPDES discharge water permit, which became effective in 2004. In 2010, a preliminary draft of a discharge water permit renewal for the El Dorado Facility, which contains more restrictive limits, was issued by the ADEQ. EDC believes that the El Dorado Facility has generally demonstrated its ability to comply with applicable ammonia and nitrate permit levels, but has, from time to time, had difficulty meeting the more restrictive dissolved minerals permit levels, primarily related to storm-water runoff. We do not believe this matter regarding meeting the permit requirements as to the dissolved minerals is a continuing issue for the process wastewater as the result of the El Dorado Facility disposing its wastewater (beginning in September 2013) via a pipeline constructed by the City of El Dorado, Arkansas. We believe that the issue with the storm-water runoff should be resolved if and when the ADEQ issues a new NPDES discharge water permit, which we have been advised that the ADEQ is currently processing. During 2012, EDC paid a penalty of $100,000 to settle an administrative complaint issued by the EPA, and thereafter handled by the United States Department of Justice (“DOJ”), relating to certain alleged violations through 2010 of EDC’s 2004 NPDES discharge water permit. The DOJ advised that action would also be taken for alleged violations occurring after 2010. As of the date of this report, no action has been filed by the DOJ against EDC. As a result, the cost (or range of costs) cannot currently be reasonably estimated regarding this matter. Therefore, no liability has been established at September 30, 2015. In addition, the El Dorado Facility is currently operating under a consent administrative order (the “CAO”) that recognizes the presence of nitrate contamination in the shallow groundwater. The 2006 CAO required EDC to continue semiannual groundwater monitoring, to continue operation of a groundwater recovery system and to submit a human health and ecological risk assessment to the ADEQ relating to the El Dorado Facility. The risk assessment was submitted in August 2007. The final remedy for shallow groundwater contamination, should any remediation be required, will be selected pursuant to a new consent administrative order and based upon the risk assessment. The cost of any additional remediation that may be required will be determined based on the results of the investigation and risk assessment, of which cost (or range of costs) cannot currently be reasonably estimated. Therefore, no liability has been established at September 30, 2015, in connection with this matter. 2. Air Matters One of our subsidiaries within our Chemical Business, PCC has been advised that the ODEQ is conducting an investigation into whether the chemical production facility located in Pryor, Oklahoma is in compliance with certain rules and regulations of the ODEQ and whether PCC’s reports of certain air emissions primarily in 2011 were intentionally reported incorrectly to the ODEQ. PCC has cooperated with the ODEQ in connection with this investigation. As of September 30, 2015, we are not aware of any recommendations made or to be made by the ODEQ with respect to legal action to be taken or recommended as a result of this ongoing investigation. 3. Other Environmental Matters During May of 2013, the EPA conducted a risk management inspection of our Cherokee Facility. During October 2014, our Cherokee Facility received a notice of violation from the EPA as a result of the inspection, which listed eleven alleged violations. Our Cherokee Facility has provided the EPA with written responses. During May 2015, our Cherokee Facility received a settlement letter from the EPA, which terms have been accepted by the Cherokee Facility, and we are awaiting the final consent decree from the EPA. Under the proposed settlement agreement, we have agreed to pay a penalty in the form of providing $100,000 to purchase emergency response equipment for the local first responders plus a civil penalty to the EPA of approximately $26,000. As a result, we have accrued for the amount of this settlement, which is included in our accrued liabilities for environmental matters discussed above. In 2002, two subsidiaries within our Chemical Business sold substantially all of their operating assets relating to a Kansas chemical facility (the “Hallowell Facility”) but retained ownership of the real property. Even though we continued to own the real property, we did not assess our continuing involvement with our former Hallowell Facility to be significant and therefore accounted for the sale as discontinued operations. Our subsidiary retained the obligation to be responsible for, and perform the activities under, a previously executed consent order to investigate the surface and subsurface contamination at the real property and develop a corrective action strategy based on the investigation. In addition, certain of our subsidiaries agreed to indemnify the buyer of such assets for these environmental matters. Based on the assessment discussed above, we account for transactions associated with the Hallowell Facility as discontinued operations. The successor Chevron Environmental Management Company (“Chevron”) of a prior owner of the Hallowell Facility has agreed in writing , Our subsidiary and Chevron are pursuing with the state of Kansas, including the KDHE, a corrective action strategy relating to the Hallowell Facility. This strategy currently includes long-term surface and groundwater monitoring to track the natural decline in contamination. During December 2014, the KDHE approved a corrective action study work plan and will consider and recommend restoration or replacement pursuant to the work plan and/or whether to seek compensation in its evaluation. Currently, it is unknown what remediation and damages the KDHE would require, if any, but we believe that certain remediation activities will be required to begin in 2016. The ultimate required remediation, if any, is currently unknown. Our subsidiary and Chevron have retained an environmental consultant to perform the corrective action study work plan as to the appropriate method to remediate the Hallowell Facility, which study is not scheduled to be completed until the end of 2015. We have been advised by our consultant that until the study has been completed there are too many unknowns to have a meaningful and reliable estimate as to the cost of the remediation. We have accrued for our allocable portion of costs primarily for the additional testing, monitoring and risk assessments that could be reasonably estimated, which is included in our accrued liabilities for environmental matters discussed above. The estimated amount is not discounted to its present value. As more information becomes available relating to the study during the remainder of 2015, our estimated accrual will be refined. B. Other Pending, Threatened or Settled Litigation In 2013, an explosion and fire occurred at the West Fertilizer Co. (“West Fertilizer”) located in West, Texas, causing death, bodily injury and substantial property damage. West Fertilizer is not owned or controlled by us, but West Fertilizer had been a customer of EDC, purchasing AN from EDC from time to time. LSB and EDC received letters from counsel purporting to represent subrogated insurance carriers, personal injury claimants and persons who suffered property damages informing LSB and EDC that their clients are conducting investigations into the cause of the explosion and fire to determine, among other things, whether AN manufactured by EDC and supplied to West Fertilizer was stored at West Fertilizer at the time of the explosion and, if so, whether such AN may have been one of the contributing factors of the explosion. Initial lawsuits filed named West Fertilizer and another supplier of AN as defendants. In 2014, EDC and LSB were named as defendants, together with other AN manufacturers and brokers that arranged the transport and delivery of AN to West Fertilizer, in the case styled City of West, Texas v CF Industries, Inc., et al, During May of 2015, our subsidiary, EDC, was sued in the matter styled BAE Systems Ordinance Systems, Inc. et al. vs. El Dorado Chemical Company force majeure force majeure On September 25, 2015, a case styled Dennis Wilson vs. LSB Industries, Inc In September 2015, we and EDA received formal written notice from Global Industrial, Inc. (“Global”) of Global’s intention to assert mechanic liens for labor, service, or materials furnished under certain subcontract agreements for the improvement of the new ammonia plant at our El Dorado Facility. Global subcontracted with the general contractor, Leidos Constructors, LLC (“Leidos”), and claims that Global is entitled to payment for certain work in the sum of approximately $18 million. Leidos, as general contractor to EDA, has reported that it made an estimated $6 million payment to Global on or about September 11, 2015 thereby reducing the claim to approximately $12 million. Leidos terminated the services of Global with respect to their work performed at our El Dorado Facility in July 2015. Leidos has not approved certain payments to Global pending the result of on-going audits and investigation undertaken to quantify the financial impact of Global’s work. EDA intends to monitor the Leidos audit, and conduct EDA’s own investigation, in an effort to determine whether any additional payment should be released to Global for any work not in dispute. LSB and EDA intend to pursue recovery of any damage or loss caused by Global’s work performed at our El Dorado Facility. As of September 30, 2015, no liability has been established in connection with this matter. We are also involved in various other claims and legal actions including claims for damages resulting from water leaks related to our Climate Control Business products and other product liability occurrences. Most of the product liability claims are covered by our general liability insurance, which includes a deductible of $250,000 or $500,000 per claim, depending on the policy period. For any claims or legal actions that we have assessed the likelihood of our liability as probable, we have recognized our estimated liability up to the applicable deductible. At September 30, 2015, our accrued general liability insurance claims were $560,000 and are included in accrued and other liabilities. It is possible that the actual future development of claims could be different from our estimates but, after consultation with legal counsel, we believe that changes in our estimates will not have a material effect on our business, financial condition, results of operations or cash flows.

Derivatives, Hedges, Financial

Derivatives, Hedges, Financial Instruments and Carbon Credits	9 Months Ended
	Sep. 30, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives, Hedges, Financial Instruments and Carbon Credits	Note 9: Derivatives, Hedges, Financial Instruments and Carbon Credits Periodically, we have three classes of contracts that are accounted for on a fair value basis, which are commodities futures/forward contracts (“commodities contracts”), foreign exchange contracts and interest rate contracts as discussed below. All of these contracts are used as economic hedges for risk management purposes but are not designated as hedging instruments. In addition, as discussed below, we are issued climate reserve tonnes (“carbon credits”), of which a certain portion of the carbon credits are to be sold and a portion of the proceeds given to Covestro (formerly Bayer MaterialScience). The assets for carbon credits are accounted for on a fair value basis as discussed below. Also, the contractual obligations to give the applicable portion of the related proceeds to Covestro are accounted for on a fair value basis, as discussed below, unless we enter into a firm sales commitment to sell the carbon credits. The valuations of these assets and liabilities were determined based on quoted market prices, or, in instances where market quotes are not available, other valuation techniques or models used to estimate fair values. The valuations of contracts classified as Level 1 are based on quoted prices in active markets for identical contracts. The valuations of contracts classified as Level 2 are based on quoted prices for similar contracts and valuation inputs other than quoted prices that are observable for these contracts. At September 30, 2015, the valuations of contracts classified as Level 2 related to certain futures/forward natural gas contracts, a foreign exchange contract and an interest rate swap contract. For the natural gas contracts, these contracts are valued using the prices pursuant to the terms of the contracts and using market information for futures/forward natural gas prices. At September 30, 2015, the valuation inputs included the contractual weighted-average cost of $2.93 per MMBtu and the estimated weighted-average market value of $2.65 per MMBtu. For foreign exchange contracts, these contracts are valued using the foreign currency exchange rates pursuant to the terms of the contract and using market information for foreign currency exchange rates. The valuation inputs included the total contractual exchange rate of 1.12 and the total estimated market exchange rate of 1.13 (U.S. Dollar/Euro). For interest rate swap contracts, we utilize valuation software and market data from a third-party provider. These contracts are valued using a discounted cash flow model that calculates the present value of future cash flows pursuant to the terms of the contracts and using market information for forward interest-rate yield curves. At September 30, 2015, the valuation inputs included the contractual weighted-average pay rate of 3.23% and the estimated market weighted-average receive rate of 0.38%. No valuation input adjustments were considered necessary relating to nonperformance risk for the contracts as discussed above. The valuations of assets and liabilities classified as Level 3 are based on prices or valuation techniques that require inputs that are both unobservable and significant to the overall fair value measurement. At September 30, 2015 and December 31, 2014, the valuations ($2.35 and $2.50 per carbon credit, respectively) of the carbon credits and the contractual obligations associated with these carbon credits are classified as Level 3 and are based on the most recent sales agreement and reevaluated for market changes, if any, and on the range of ask/bid prices obtained from a broker adjusted for minimal market volume activity, respectively. The valuations use undiscounted cash flows based on management’s assumption that the carbon credits would be sold, and the associated contractual obligations would be extinguished in the near term. In addition, no valuation input adjustments were considered necessary relating to nonperformance risk for the carbon credits and associated contractual obligations. Commodities Contracts Raw materials for use in our manufacturing processes include copper used by our Climate Control Business and natural gas and platinum used by our Chemical Business. As part of our raw material price risk management, we periodically enter into futures/forward contracts for these materials, which contracts may be required to be accounted for on a mark-to-market basis. At September 30, 2015, we did not have any futures/forward copper contracts. At December 31, 2014, our futures/forward copper contracts included 1,750,000 pounds of copper, extended through May 2015 at a weighted-average cost of $2.98 per pound. At September 30, 2015, our futures/forward natural gas contracts (accounted for on a mark-to-market basis) included approximately 3,227,000 MMBtu of natural gas and extend through June 2016 (includes contractual costs indexed to future NYMEX prices) at a weighted-average cost of $2.93 per MMBtu. At December 31, 2014, our futures/forward natural gas contracts included 8,279,000 MMBtu of natural gas and extended through June 2016 at a weighted-average cost of $3.24 per MMBtu. At September 30, 2015, we did not have any futures/forward platinum contracts. At December 31, 2014, our futures/forward platinum contracts included 3,000 ounces of platinum and extended through April 2015 at a weighted-average cost of $1,224.26 per ounce. The cash flows relating to these contracts are included in cash flows from continuing operating activities. Foreign Exchange Contracts One of our business operations purchases industrial machinery and related components from vendors outside of the United States. As part of our foreign currency risk management, we periodically enter into foreign exchange contracts, which set the U.S. Dollar/Euro exchange rates. At September 30, 2015, our foreign exchange contract was for the receipt of approximately 293,000 Euros through February 2017 at the contractual exchange rate of 1.12 (U.S. Dollar/Euro). At December 31, 2014, our foreign exchange contract was for the receipt of approximately 819,000 Euros through May 2015 at the contractual exchange rate of 1.27 (U.S. Dollar/Euro). These contracts are free-standing derivatives and are accounted for on a mark-to-market basis. The cash flows relating to these contracts are included in cash flows from continuing operating activities. Interest Rate Contracts As part of our interest rate risk management, we periodically purchase and/or enter into various interest rate contracts. In February of 2011, we entered into an interest rate swap at no cost, which sets a fixed three-month LIBOR rate of 3.23% on a declining balance (from $23.8 million to $18.8 million) for the period beginning in April 2012 through March 2016. This contract is a free-standing derivative and is accounted for on a mark-to-market basis. During the nine months ended September 30, 2015 and 2014, no cash flows occurred relating to the purchase or sale of interest rate contracts. The cash flows associated with the interest rate swap payments are included in cash flows from continuing operating activities. Carbon Credits and Associated Contractual Obligation Periodically, we are issued carbon credits by the Climate Action Reserve in relation to a greenhouse gas reduction project (the “Project”) performed at the Baytown Facility. Pursuant to the terms of the agreement with Covestro, a certain portion of the carbon credits are to be used to recover the costs of the project, and any balance thereafter is to be allocated between Covestro and EDN. We have no obligation to reimburse Covestro for their costs associated with the project, except through the transfer or sale of the carbon credits when such credits are issued to us. The assets for carbon credits are accounted for on a fair value basis and the contractual obligations associated with these carbon credits are also accounted for on a fair value basis (unless we enter into a sales commitment to sell the carbon credits). At September 30, 2015 and December 31, 2014, we had approximately 84,000 and 1,112,000 carbon credits, respectively, all of which were subject to contractual obligations. The cash flows associated with the carbon credits and the associated contractual obligations are included in cash flows from continuing investing activities. The following details our assets and liabilities that are measured at fair value on a recurring basis at September 30, 2015 and December 31, 2014: Fair Value Measurements at Description Total Fair Quoted Prices Significant Significant Total Fair (In Thousands) Assets - Supplies, prepaid items and other: Carbon credits $ 187 $ — $ — $ 187 $ 2,779 Foreign exchange contracts 3 — 3 — — Total $ 190 $ — $ 3 $ 187 $ 2,779 Liabilities - Current and noncurrent accrued and other liabilities: Commodities contracts $ 915 $ — $ 915 $ — $ 2,440 Contractual obligations - carbon credits 187 — — 187 2,779 Interest rate contracts 278 — 278 — 671 Foreign exchange contracts — — — — 44 Total $ 1,380 $ — $ 1,193 $ 187 $ 5,934 None of our assets or liabilities measured at fair value on a recurring basis transferred between Level 1 and Level 2 classifications for the periods presented below. In addition, the following is a reconciliation of the beginning and ending balances for assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3): Assets Liabilities Assets Liabilities Three Months Ended Three Months Ended Nine Months Ended Nine Months Ended 2015 2014 2015 2014 2015 2014 2015 2014 (In Thousands) Beginning balance $ 4,049 $ 1,673 $ (4,049 ) $ (1,673 ) $ 2,779 $ 1,284 $ (2,779 ) $ (1,284 ) Transfers into Level 3 — — — — — — — — Transfers out of Level 3 — — — — — — — — Total net realized and unrealized gains (losses) included in earnings — — 904 — 1,334 1,925 (430 ) (1,634 ) Purchases — — — — — — — — Issuances — — — — — — — — Sales (3,862 ) — — — (3,926 ) (1,536 ) — — Settlements — — 2,958 — — — 3,022 1,245 Ending balance $ 187 $ 1,673 $ (187 ) $ (1,673 ) $ 187 $ 1,673 $ (187 ) $ (1,673 ) Total net gains (losses) for the period included in earnings attributed to the change in unrealized gains or losses on assets and liabilities still held at the reporting date $ — $ — $ — $ — $ 177 $ 1,004 $ (177 ) $ (1,004 ) Net gains (losses) included in earnings and the income statement classifications are as follows: Three Months Ended Nine Months Ended 2015 2014 2015 2014 (In Thousands) Total net gains (losses) included in earnings: Cost of sales - Undesignated commodities contracts $ (1,526 ) $ (214 ) $ (3,574 ) $ 1,897 Cost of sales - Undesignated foreign exchange contracts 2 — (62 ) — Other income - Carbon credits 904 — 2,645 1,925 Other expense - Contractual obligations relating to carbon credits — — (1,741 ) (1,634 ) Interest expense - Undesignated interest rate contracts (10 ) 14 (55 ) (43 ) $ (630 ) $ (200 ) $ (2,787 ) $ 2,145 At September 30, 2015 and December 31, 2014, we did not have any financial instruments with fair values significantly different from their carrying amounts, except for the Senior Secured Notes. At September 30, 2015, the carrying value of the Senior Secured Notes exceeded the estimated fair value by approximately $15 million based on a quoted price of 96.5. At December 31, 2014, the estimated fair value of the Senior Secured Notes exceeded the carrying value by approximately $17 million based on a quoted price of 104.0. These valuations are classified as Level 2. The valuations of our other long-term debt agreements are classified as Level 3 and are based on valuation techniques that require inputs that are both unobservable and significant to the overall fair value measurement. The fair value measurements of our other long-term debt agreements are valued using a discounted cash flow model that calculates the present value of future cash flows pursuant to the terms of the debt agreements and applies estimated current market interest rates. The estimated current market interest rates are based primarily on interest rates currently being offered on borrowings of similar amounts and terms. In addition, no valuation input adjustments were considered necessary relating to nonperformance risk for our debt agreements. The fair value of our financial instruments is not indicative of the overall fair value of our assets and liabilities since financial instruments do not include all assets, including intangibles, and all liabilities. See discussions concerning certain assets and liabilities initially accounted for on a fair value basis under Note 6 - Asset Retirement Obligations.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2015
Income Tax Disclosure [Abstract]
Income Taxes	Note 10: Income Taxes Provision (benefit) for income taxes are as follows: Three Months Ended Nine Months Ended 2015 2014 2015 2014 (In Thousands) Current: Federal $ (5,582 ) $ 660 $ (5,572 ) $ (529 ) State 197 31 857 1,273 Total Current (5,385 ) 691 (4,715 ) 744 Deferred: Federal (14,592 ) (2,568 ) (11,469 ) 10,825 State (2,005 ) (538 ) (1,658 ) 717 Total Deferred (16,597 ) (3,106 ) (13,127 ) 11,542 Provision (benefit) for income taxes $ (21,982 ) $ (2,415 ) $ (17,842 ) $ 12,286 For the three and nine months ended September 30, 2015 and 2014, the current provision (benefit) for federal income taxes shown above includes regular federal income tax provision after the consideration of permanent and temporary differences between income for GAAP and tax purposes. For the three and nine months ended September 30, 2015 and 2014, the current provisions for state income taxes shown above includes regular state income tax and provisions for uncertain state income tax positions. Our annual estimated effective rate for 2015 includes the impact of permanent tax differences, such as energy tax credits and other permanent items. The tax benefit for the nine months ended September 30, 2015 was $17.8 million (40% of pre-tax loss) and the tax provision for the nine months ended September 30, 2014 was $12.3 million (39% of pre-tax income). LSB and certain of its subsidiaries file income tax returns in the U.S. federal jurisdiction and various state jurisdictions. With few exceptions, the 2012-2014 years remain open for all purposes of examination by the U.S. Internal Revenue Service and other major tax jurisdictions.

Segment Information

Segment Information	9 Months Ended
	Sep. 30, 2015
Segment Reporting [Abstract]
Segment Information	Note 11: Segment Information Three Months Ended Nine Months Ended 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 Nine Months Ended 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. Information about our total assets by business segment is as follows: September 30, December 31, (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

Related Party Transactions

Related Party Transactions	9 Months Ended
	Sep. 30, 2015
Related Party Transactions [Abstract]
Related Party Transactions	Note 12: Related Party Transactions Golsen Group During the first quarter of 2015 and 2014, we paid dividends totaling $300,000, respectively, on our Series B Preferred and our Series D Preferred. The Series B Preferred and Series D Preferred are non-redeemable preferred stocks issued in 1986 and 2001, respectively, of which all outstanding shares are owned by the Golsen Group.

Supplemental Cash Flow Informat

Supplemental Cash Flow Information	9 Months Ended
	Sep. 30, 2015
Supplemental Cash Flow Elements [Abstract]
Supplemental Cash Flow Information	Note 13: Supplemental Cash Flow Information The following provides additional information relating to cash flow activities: Nine Months Ended 2015 2014 (In Thousands) Cash payments (refunds) for income taxes, net $ (3,648 ) $ (4,864 ) Noncash investing and financing activities: Accounts payable, accrued liabilities and long-term debt associated with additions of property, plant and equipment $ 59,566 $ 23,017 Long-term debt associated with additions of capitalized internal-use software and software development $ 3,082 $ 4,256

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2015
Subsequent Events [Abstract]
Subsequent Events	Note 14: Subsequent Events Commitment For Financing - On November 6, 2015, we obtained from an investor (including one or more of its affiliates) a commitment for financing primarily for the purpose of completing our planned capital additions at the El Dorado Facility. The commitment is for $260 million of capital in the form of debt, preferred stock, and common stock warrants, as follows: • $50 million in Senior Secured Notes issued at par with a 12% annual interest rate, subject to a limited reset based on certain circumstances but in no event not to exceed a 13.5% annual interest rate. The notes will mature in August 2019, and we have the right to redeem the notes beginning August 2016 at 106%, August 2017 at 103%, and after August 2018 at par. These notes will be pari passu obligations with and share in the note collateral of our existing $425 million of Senior Secured Notes issued in 2013, and they will have substantially similar covenants and events of default. • $210 million in cumulative redeemable nonconvertible perpetual non-voting preferred stock (“Preferred Stock”) with a 14% annual dividend rate and an economic participation right equal to 2% of our outstanding common stock before the transaction. The Preferred Stock will rank senior in right of dividends and liquidation payments to all our other existing capital stock, including the preferred stock held by the Golsen family. We will have the right to pay dividends on the Preferred Stock in cash or in-kind. We may redeem the Preferred Stock at any time without premium or penalty at the liquidation preference plus accrued and unpaid dividends plus the value of the participating right. The Preferred Stock is redeemable at the option of the holder beginning one day after the maturity date of our existing Senior Secured Notes. We may settle the redemption of the Preferred Stock in cash or common stock, with the consent of the holder, but subject to our obtaining prior stockholder approval for stock settlement under NYSE requirements. • In connection with this financing, we have also committed to issue the purchaser of the Preferred Stock warrants to purchase common stock equal to 17.99% of our outstanding common stock before the transaction at an exercise price of $0.01 per share. The warrant has a ten-year term. The purchaser of the Preferred Stock will also obtain voting rights with our common stock equal to 19.99% of our outstanding common stock before the transaction and will have customary registration rights and pro rata preemptive rights on equity issuance, subject to customary exceptions. • The Company will pay a commitment fee of 2% ($5.2 million) on the full amount of the committed financing and a funding fee of 2% (totaling $5.2 million) upon issuance of each of the Senior Secured Notes and the Preferred Stock. The commitment is subject to the negotiation and execution of definitive documentation and other customary conditions. Although we have entered into exclusivity with the purchaser, we will pay a fee of 3% of the Preferred Stock commitment if the Preferred Stock and warrants are not issued in certain circumstances. Amendment to Agreement with Leidos – During October 2015, our subsidiaries, EDA and EDC, entered into an amendment agreement (the “Amendment Agreement”) with Leidos to amend certain contracts (the “Leidos Contracts”). The Amendment Agreement allows for short term payment terms for net 60 days not to exceed $50 million outstanding at any time and net 30 day terms for any amount of outstanding invoices submitted in excess of $50 million, beginning after our payment to Leidos on October 2, 2015. The Amendment Agreement further provides that within 72 hours after closing financing for the remainder of all the projects in the Leidos Contracts, but no later than December 10, 2015, EDA and EDCC will pay to Leidos all outstanding invoices that are more than 30 days old and all remaining outstanding invoices will revert to net 30 day terms. The Amendment Agreement also reduced the amount of direct cost mark-up up to a certain threshold (reduced from 4.5% to 2.25% for the direct costs up to $70 million in the aggregate across all the Leidos Contracts, after which any additional direct costs will have a mark-up of 4.5%) and increased the overhead charges payable to Leidos (increased by a total of $6.2 million), in addition to other changes in the Leidos Contracts. Ammonia Supply Agreement - On November 2, 2015, EDC and Koch Fertilizer, LLC (“Koch Fertilizer”) entered into an ammonia purchase and sale agreement under which Koch Fertilizer agrees to purchase, with minimum purchase requirements, the ammonia that (a) will be produced at the El Dorado Facility and (b) that is in excess of El Dorado’s needs. The initial term of the agreement is for three years, which term begins once the new ammonia plant is completed, and automatically continues for one or more additional one-year terms unless terminated by either party by delivering a notice of termination at least nine months prior to the end of term in effect. However, if the new ammonia plant is not completed by July 31, 2016, either party may provide notice of termination on or before October 31, 2016.

Summary of Significant Accoun21

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2015
Accounting Policies [Abstract]
Basis of Consolidation and Presentation	Basis of Consolidation and Presentation - In the opinion of management, the unaudited condensed consolidated financial statements of the Company as of September 30, 2015 and for the three and nine month periods ended September 30, 2015 and 2014 include all adjustments and accruals, consisting of normal, recurring accrual adjustments, which are necessary for a fair presentation of the results for the interim periods. These interim results are not necessarily indicative of results for a full year due, in part, to the seasonality of our sales of agricultural products and the timing of performing our major plant maintenance activities and the impairment charge recognized as of September 30, 2015 as discussed below under “Impairment of Long –Lived Assets.” Our selling seasons for agricultural products are primarily during the spring and fall planting seasons, which typically extend from March through June and from September through November. Certain information and footnote disclosures normally included in financial statements prepared in accordance with United States (“U.S.”) generally accepted accounting principles (“GAAP”) have been condensed or omitted in this Form 10-Q pursuant to the rules and regulations of the SEC. These condensed consolidated financial statements should be read in connection with our audited consolidated financial statements and notes thereto included in our 2014 Form 10-K.
Use of Estimates	Use of Estimates -
Cash and Cash Equivalents	Cash and Cash Equivalents -
Short-Term Investments	Short-Term Investments -
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets - As of September 30, 2015, our Chemical Business recognized an impairment charge of $39.7 million to write-down the carrying value of our working interest in natural gas properties in the Marcellus Shale region to their estimated fair value of $22.5 million. The impairment charge represented the amount by which the carrying value of these natural gas properties exceeded the estimated fair value and was therefore not recoverable. The estimated fair value was determined based on estimated future discounted net cash flows, a Level 3 input, using estimated production and prices at which we reasonably expect natural gas will be sold, including information provided by our independent consulting petroleum engineer. The impairment was due to the decline in forward prices for natural gas, large natural gas price differentials in the Marcellus Shale region and changes in the drilling plans of these natural gas properties. The non-cash impairment charge was included in the condensed consolidated statements of operations line item impairment of natural gas properties for the three and nine months ended September 30, 2015.
Noncurrent Restricted Cash and Cash Equivalents	Noncurrent Restricted Cash and Cash Equivalents -
Noncurrent Restricted Investments	Noncurrent Restricted Investments -
Concentration of Credit Risks for Cash, Cash Equivalents, and Investments at Financial Institutions	Concentration of Credit Risks for Cash, Cash Equivalents, and Investments at Financial Institutions -
Recognition of Insurance Recoveries	Recognition of Insurance Recoveries -
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standard Update 2014-09, Revenue from Contracts with Customers (Topic 606)

Income (Loss) Per Common Share

Income (Loss) Per Common Share (Tables)	9 Months Ended
	Sep. 30, 2015
Earnings Per Share [Abstract]
Computation of Basic and Diluted Net Income (Loss) Per Common Share	Three Months Ended Nine Months Ended September 30, 2015 2014 2015 2014 (Dollars In Thousands, Except Per Share Amounts) Numerator: Net income (loss): $ (33,763 ) $ (3,777 ) $ (26,697 ) $ 18,977 Dividends on Series B Preferred — — (240 ) (240 ) Dividends on Series D Preferred — — (60 ) (60 ) Total dividends on preferred stocks — — (300 ) (300 ) Numerator for basic net income (loss) per common share - net income (loss) applicable to common stock (33,763 ) (3,777 ) (26,997 ) 18,677 Dividends on preferred stocks assumed to be converted, if dilutive — — 300 300 Numerator for diluted net income (loss) per common share $ (33,763 ) $ (3,777 ) $ (26,697 ) $ 18,977 Denominator: Denominator for basic net income (loss) per common share - weighted-average shares 22,799,007 22,595,634 22,741,012 22,557,935 Effect of dilutive securities: Convertible preferred stocks — — — 916,666 Stock options — — — 187,026 Dilutive potential common shares — — — 1,103,692 Denominator for dilutive net income (loss) per common share - adjusted weighted-average shares and assumed conversions 22,799,007 22,595,634 22,741,012 23,661,627 Basic net income (loss) per common share $ (1.48 ) $ (0.17 ) $ (1.19 ) $ 0.83 Diluted net income (loss) per common share $ (1.48 ) $ (0.17 ) $ (1.19 ) $ 0.80
Antidilutive Securities Excluded from Computation of Earnings Per Share	The following weighted-average shares of securities were not included in the computation of diluted net income (loss) per common share as their effect would have been antidilutive: Three Months Ended Nine Months Ended 2015 2014 2015 2014 Convertible preferred stocks 916,666 916,666 916,666 — Stock options 905,257 673,415 897,690 335,757 1,821,923 1,590,081 1,814,356 335,757

Current and Noncurrent Accrue23

Current and Noncurrent Accrued and Other Liabilities (Tables)	9 Months Ended
	Sep. 30, 2015
Other Liabilities Disclosure [Abstract]
Summary of Current and Noncurrent Accrued and Other Liabilities	September 30, December 31, (In Thousands) Accrued warranty costs $ 10,129 $ 8,817 Accrued payroll and benefits 9,090 8,743 Deferred revenue on extended warranty contracts 8,380 7,806 Accrued interest 5,686 13,888 Customer deposits 5,297 6,833 Other 25,598 23,013 64,180 69,100 Less noncurrent portion 17,863 17,934 Current portion of accrued and other liabilities $ 46,317 $ 51,166

Accrued Warranty Costs (Tables)

Accrued Warranty Costs (Tables)	9 Months Ended
	Sep. 30, 2015
Guarantees [Abstract]
Changes in Product Warranty Obligation (Accrued Warranty Costs)	Changes in our product warranty obligation (accrued warranty costs) are as follows: Three Months Ended Nine Months Ended 2015 2014 2015 2014 (In Thousands) Balance at beginning of period $ 9,596 $ 7,701 $ 8,817 $ 7,297 Amounts charged to SG&A 2,372 1,926 6,892 5,621 Costs incurred (1,839 ) (1,458 ) (5,580 ) (4,749 ) Balance at end of period $ 10,129 $ 8,169 $ 10,129 $ 8,169

Long-Term Debt (Tables)

Long-Term Debt (Tables)	9 Months Ended
	Sep. 30, 2015
Debt Disclosure [Abstract]
Schedule of Long-Term Debt	Our long-term debt consists of the following: September 30, December 31, (In Thousands) Working Capital Revolver Loan, with a current interest rate of 3.75% (A) $ 13,301 $ — 7.75% Senior Secured Notes due 2019 (B) 425,000 425,000 Secured Promissory Note due 2016, with a current interest rate of 3.33% 17,615 22,814 Secured Promissory Note due 2021, with a current interest rate of 5.25% (C) 16,189 — Secured Promissory Note due 2022, with a current interest rate of 4.21% (D) 15,000 — Other, with a current weighted-average interest rate of 4.50%, most of which is secured primarily by machinery and equipment 9,343 9,504 496,448 457,318 Less current portion of long-term debt 23,849 10,680 Long-term debt due after one year $ 472,599 $ 446,638 (A) In June 2015, the working capital revolver loan (as amended, the “Working Capital Revolver Loan”) was amended, by which the lender released its second-priority security interest and liens in collateral that also secures, on a first priority basis, the 7.75% Senior Secured Notes due 2019 (“Senior Secured Notes”). The amendment also amends the definition of Permitted Investments to include investments that are made: • To the extent that the Consolidated Leverage Ratio (as defined in the amendment) does not exceed 2.5 to 1.0; • In amounts not to exceed 50% of the cumulative consolidated net income or loss since August 7, 2013; • To permit $35 million in joint ventures; and • To permit $50 million in our subsidiary, Zena Energy L.L.C. (“Zena”) The amendment also provides that we can incur additional indebtedness if the Fixed Charge Coverage Ratio (as defined in the amendment) is greater than 2.0 to 1.0. Our ability to make permitted investments or incur indebtedness is conditioned upon our not being in default and having at least 20% of the maximum revolver commitment or $20 million, whichever is greater, being available. The Working Capital Revolver Loan continues to provide (a) advances up to $100 million, which are based on specified percentages of eligible accounts receivable and inventories (b), up to $15 million of letters of credit, the outstanding amount of which reduces the availability under the Working Capital Revolver Loan, and (c) the maturity date is April 13, 2018. (B) The Senior Secured Notes bear interest at the rate of 7.75% per year and mature on August 1, 2019. Interest is to be paid semiannually on February 1st and August 1st. The Senior Secured Notes are general senior secured obligations of LSB. The Senior Secured Notes are jointly and severally and fully and unconditionally guaranteed by all of LSB’s current wholly-owned subsidiaries, with all of the guarantees, except one, being senior secured guarantees and one being a senior unsecured guarantee. The Senior Secured Notes rank equally in right of payment to all of LSB’s and the guarantors’ existing and future senior secured debt, including the Working Capital Revolver Loan, and are senior in right of payment to all of LSB’s and the guarantors’ future subordinated indebtedness. LSB does not have independent assets or operations. (C) The secured promissory note due 2021 (the “Secured Promissory Note due 2021”) is an agreement between one of our subsidiaries, El Dorado Chemical Company (“EDC”), a subsidiary within our Chemical Business, and a lender for an original principal amount of approximately $16.2 million. The Secured Promissory Note due 2021 bears interest at the rate of 5.25% per year and matures on March 26, 2021. Interest only is payable monthly for the first 12 months of the term. Principal and interest are payable monthly for the remaining term of the Secured Promissory Note due 2021. This Secured Promissory Note due 2021 is secured by a natural gas pipeline being constructed at the El Dorado Facility and is guaranteed by LSB. (D) On September 16, 2015, El Dorado Ammonia L.L.C. (“EDA”), a subsidiary within our Chemical Business, entered into a secured promissory note due 2022 (the “Secured Promissory Note due 2022”) for the construction financing of an ammonia storage tank and related systems with an initial funding received of $15.0 million and a maximum principal note amount of $19.8 million. In November 2015, EDC and Koch Fertilizer entered into an ammonia purchase and sale agreement under which Koch Fertilizer agrees to purchase, with minimum purchase requirements, the ammonia that (a) will be produced at the El Dorado Facility and (b) that is in excess of El Dorado’s needs as discussed in Note 14 to Condensed Consolidated Financial Statements. Up to the Loan Conversion Date, EDA will make monthly interest payments on the outstanding principal borrowed.

Derivatives, Hedges, Financia26

Derivatives, Hedges, Financial Instruments and Carbon Credits (Tables)	9 Months Ended
	Sep. 30, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Assets and Liabilities Measured at Fair Value on Recurring Basis	The following details our assets and liabilities that are measured at fair value on a recurring basis at September 30, 2015 and December 31, 2014: Fair Value Measurements at Description Total Fair Quoted Prices Significant Significant Total Fair (In Thousands) Assets - Supplies, prepaid items and other: Carbon credits $ 187 $ — $ — $ 187 $ 2,779 Foreign exchange contracts 3 — 3 — — Total $ 190 $ — $ 3 $ 187 $ 2,779 Liabilities - Current and noncurrent accrued and other liabilities: Commodities contracts $ 915 $ — $ 915 $ — $ 2,440 Contractual obligations - carbon credits 187 — — 187 2,779 Interest rate contracts 278 — 278 — 671 Foreign exchange contracts — — — — 44 Total $ 1,380 $ — $ 1,193 $ 187 $ 5,934
Reconciliation of Beginning and Ending Balances for Assets and Liabilities Measured at Fair Value on Recurring Basis	the following is a reconciliation of the beginning and ending balances for assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3): Assets Liabilities Assets Liabilities Three Months Ended Three Months Ended Nine Months Ended Nine Months Ended 2015 2014 2015 2014 2015 2014 2015 2014 (In Thousands) Beginning balance $ 4,049 $ 1,673 $ (4,049 ) $ (1,673 ) $ 2,779 $ 1,284 $ (2,779 ) $ (1,284 ) Transfers into Level 3 — — — — — — — — Transfers out of Level 3 — — — — — — — — Total net realized and unrealized gains (losses) included in earnings — — 904 — 1,334 1,925 (430 ) (1,634 ) Purchases — — — — — — — — Issuances — — — — — — — — Sales (3,862 ) — — — (3,926 ) (1,536 ) — — Settlements — — 2,958 — — — 3,022 1,245 Ending balance $ 187 $ 1,673 $ (187 ) $ (1,673 ) $ 187 $ 1,673 $ (187 ) $ (1,673 ) Total net gains (losses) for the period included in earnings attributed to the change in unrealized gains or losses on assets and liabilities still held at the reporting date $ — $ — $ — $ — $ 177 $ 1,004 $ (177 ) $ (1,004 )
Net Gains (Losses) Included in Earnings and Income Statement Classifications	Net gains (losses) included in earnings and the income statement classifications are as follows: Three Months Ended Nine Months Ended 2015 2014 2015 2014 (In Thousands) Total net gains (losses) included in earnings: Cost of sales - Undesignated commodities contracts $ (1,526 ) $ (214 ) $ (3,574 ) $ 1,897 Cost of sales - Undesignated foreign exchange contracts 2 — (62 ) — Other income - Carbon credits 904 — 2,645 1,925 Other expense - Contractual obligations relating to carbon credits — — (1,741 ) (1,634 ) Interest expense - Undesignated interest rate contracts (10 ) 14 (55 ) (43 ) $ (630 ) $ (200 ) $ (2,787 ) $ 2,145

Income Taxes (Tables)

Income Taxes (Tables)	9 Months Ended
	Sep. 30, 2015
Income Tax Disclosure [Abstract]
Provision (Benefit) for Income Taxes	Provision (benefit) for income taxes are as follows: Three Months Ended Nine Months Ended 2015 2014 2015 2014 (In Thousands) Current: Federal $ (5,582 ) $ 660 $ (5,572 ) $ (529 ) State 197 31 857 1,273 Total Current (5,385 ) 691 (4,715 ) 744 Deferred: Federal (14,592 ) (2,568 ) (11,469 ) 10,825 State (2,005 ) (538 ) (1,658 ) 717 Total Deferred (16,597 ) (3,106 ) (13,127 ) 11,542 Provision (benefit) for income taxes $ (21,982 ) $ (2,415 ) $ (17,842 ) $ 12,286

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 30, 2015
Segment Reporting [Abstract]
Segment Financial Information	Three Months Ended Nine Months Ended 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 Nine Months Ended 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 Nine Months Ended 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, December 31, (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

Supplemental Cash Flow Inform29

Supplemental Cash Flow Information (Tables)	9 Months Ended
	Sep. 30, 2015
Supplemental Cash Flow Elements [Abstract]
Additional Information Relating to Cash Flow Activities	The following provides additional information relating to cash flow activities: Nine Months Ended 2015 2014 (In Thousands) Cash payments (refunds) for income taxes, net $ (3,648 ) $ (4,864 ) Noncash investing and financing activities: Accounts payable, accrued liabilities and long-term debt associated with additions of property, plant and equipment $ 59,566 $ 23,017 Long-term debt associated with additions of capitalized internal-use software and software development $ 3,082 $ 4,256

Summary of Significant Accoun30

Summary of Significant Accounting Policies - Additional Information (Detail) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2015USD ($)	Sep. 30, 2015USD ($)
Summary Of Significant Accounting Policies [Line Items]
Impairment of natural gas properties	$ 39,670	$ 39,670
Balance in excess of FDIC-insured limits		14,800
Chemical [Member]
Summary Of Significant Accounting Policies [Line Items]
Impairment of natural gas properties	39,700
Fair value of natural gas properties	$ 22,500	$ 22,500
Minimum [Member]
Summary Of Significant Accounting Policies [Line Items]
Ownership interest in equity method investment	20.00%	20.00%
Maximum [Member]
Summary Of Significant Accounting Policies [Line Items]
Ownership interest in equity method investment	50.00%	50.00%
Noncurrent Restricted Investments [Member] | CD [Member]
Summary Of Significant Accounting Policies [Line Items]
Original maturity period		No longer than approximately 26 weeks
Short-Term Investments [Member]
Summary Of Significant Accounting Policies [Line Items]
Original maturity period		No more than 26 weeks

Income (Loss) per Common Shar31

Income (Loss) per Common Share - Computation of Basic and Diluted Net Income (Loss) Per Common Share (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Numerator:
Net income (loss):	$ (33,763)	$ (3,777)	$ (26,697)	$ 18,977
Total dividends on preferred stocks			(300)	(300)
Numerator for basic net income (loss) per common share - net income (loss) applicable to common stock	(33,763)	(3,777)	(26,997)	18,677
Dividends on preferred stocks assumed to be converted, if dilutive			300	300
Numerator for diluted net income (loss) per common share	$ (33,763)	$ (3,777)	$ (26,697)	$ 18,977
Denominator:
Denominator for basic net income (loss) per common share - weighted-average shares	22,799,007	22,595,634	22,741,012	22,557,935
Effect of dilutive securities:
Convertible preferred stocks				916,666
Stock options				187,026
Dilutive potential common shares				1,103,692
Denominator for dilutive net income (loss) per common share - adjusted weighted-average shares and assumed conversions	22,799,007	22,595,634	22,741,012	23,661,627
Basic net income (loss) per common share	$ (1.48)	$ (0.17)	$ (1.19)	$ 0.83
Diluted net income (loss) per common share	$ (1.48)	$ (0.17)	$ (1.19)	$ 0.80
Series B Preferred Stock [Member]
Numerator:
Total dividends on preferred stocks			$ (240)	$ (240)
Series D Preferred Stock [Member]
Numerator:
Total dividends on preferred stocks			$ (60)	$ (60)

Income (Loss) per Common Shar32

Income (Loss) per Common Share - Antidilutive Securities Excluded from Computation of Earnings Per Share (Detail) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of diluted earning per share	1,821,923	1,590,081	1,814,356	335,757
Convertible Preferred Stocks [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of diluted earning per share	916,666	916,666	916,666
Stock Options [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of diluted earning per share	905,257	673,415	897,690	335,757

Inventories - Additional Inform

Inventories - Additional Information (Detail) - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Climate Control Business Products [Member]
Inventory [Line Items]
Inventory reserves	$ 1,855,000	$ 1,653,000
Chemical Products [Member]
Inventory [Line Items]
Inventory reserves	$ 2,784,000	$ 1,976,000

Current and Noncurrent Accrue34

Current and Noncurrent Accrued and Other Liabilities - Summary of Current and Noncurrent Accrued and Other Liabilities (Detail) - USD ($) $ in Thousands	Sep. 30, 2015	Jun. 30, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Dec. 31, 2013
Payables and Accruals [Abstract]
Accrued warranty costs	$ 10,129	$ 9,596	$ 8,817	$ 8,169	$ 7,701	$ 7,297
Accrued payroll and benefits	9,090		8,743
Deferred revenue on extended warranty contracts	8,380		7,806
Accrued interest	5,686		13,888
Customer deposits	5,297		6,833
Other	25,598		23,013
Total current and noncurrent accrued liabilities	64,180		69,100
Less noncurrent portion	17,863		17,934
Current portion of accrued and other liabilities	46,317		51,166
Total current and noncurrent accrued liabilities	$ 64,180		$ 69,100

Accrued Warranty Costs - Additi

Accrued Warranty Costs - Additional Information (Detail)	9 Months Ended
	Sep. 30, 2015
Disclosure Accrued Product Warranty Costs [Abstract]
Commercial and industrial product base warranty coverage for manufactured equipment	Eighteen months from the date of shipment or twelve months from the date of start-up, whichever is shorter
Commercial and industrial product base warranty coverage for spare parts	90 days
Residential products, the base warranty coverage from the date of shipment for material	10 years
Residential products warranty coverage for labor associated with repair	5 years

Accrued Warranty Costs - Change

Accrued Warranty Costs - Changes in Product Warranty Obligation (Accrued Warranty Costs) (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Disclosure Accrued Product Warranty Costs [Abstract]
Balance at beginning of period	$ 9,596	$ 7,701	$ 8,817	$ 7,297
Amounts charged to SG&A	2,372	1,926	6,892	5,621
Costs incurred	(1,839)	(1,458)	(5,580)	(4,749)
Balance at end of period	$ 10,129	$ 8,169	$ 10,129	$ 8,169

Asset Retirement Obligations -

Asset Retirement Obligations - Additional Information (Detail) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Asset Retirement Obligation Disclosure [Abstract]
Accrued liability for AROs	$ 274	$ 340

Long-Term Debt - Schedule of Lo

Long-Term Debt - Schedule of Long-Term Debt (Detail) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Long-term debt	$ 496,448	$ 457,318
Less current portion of long-term debt	23,849	10,680
Long-term debt due after one year	472,599	446,638
Working Capital Revolver Loan [Member]
Debt Instrument [Line Items]
Long-term debt	13,301
7.75% Senior Secured Notes Due 2019 [Member]
Debt Instrument [Line Items]
Long-term debt	425,000	425,000
Secured Promissory Note Due 2016 [Member]
Debt Instrument [Line Items]
Long-term debt	17,615	22,814
Secured Promissory Note Due 2021 [Member]
Debt Instrument [Line Items]
Long-term debt	16,189
Secured Promissory Note Due 2022 [Member]
Debt Instrument [Line Items]
Long-term debt	15,000
Other [Member]
Debt Instrument [Line Items]
Long-term debt	$ 9,343	$ 9,504

Long-Term Debt - Schedule of 39

Long-Term Debt - Schedule of Long-Term Debt (Parenthetical) (Detail)	Sep. 16, 2015USD ($)	Sep. 30, 2015USD ($)Guarantors	Dec. 31, 2014
Amended Working Capital Revolver Loan [Member]
Debt Instrument [Line Items]
Limit of consolidated leverage ratio		250.00%
Limit of cumulative consolidated net income or loss		50.00%
Limit of joint ventures		$ 35,000,000
Amended working capital revolver loan requirements		Fixed Charge Coverage Ratio (as defined in the amendment) is greater than 2.0 to 1.0.
Fixed Charge Coverage Ratio		2
Maximum amount of revolving credit facility		$ 100,000,000
Letters of credit maximum capacity		$ 15,000,000
Maturity date		Apr. 13, 2018
Amended Working Capital Revolver Loan [Member] | Zena Energy L.L.C [Member]
Debt Instrument [Line Items]
Limit of investment in subsidiary		$ 50,000,000
Covenants [Member] | Amended Working Capital Revolver Loan [Member]
Debt Instrument [Line Items]
Loan requirements description		At least 20% of the maximum revolver commitment or $20 million, whichever is greater, being available.
Maximum revolver commitment available, percentage		20.00%
Maximum revolver commitment available, amount		$ 20,000,000
Working Capital Revolver Loan [Member]
Debt Instrument [Line Items]
Long-term debt, effective Interest Rate		3.75%	3.75%
7.75% Senior Secured Notes Due 2019 [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate		7.75%	7.75%
Maturity year		2,019	2,019
Maturity date		Aug. 1, 2019
Debt instrument, frequency of interest payment		Interest is to be paid semiannually on February 1st and August 1st
Number of unsecured guarantors | Guarantors		1
Secured Promissory Note Due 2016 [Member]
Debt Instrument [Line Items]
Long-term debt, effective Interest Rate		3.33%	3.33%
Maturity year		2,016	2,016
Secured Promissory Note Due 2021 [Member]
Debt Instrument [Line Items]
Long-term debt, effective Interest Rate		5.25%	5.25%
Debt instrument, interest rate		5.25%
Maturity year		2,021	2,021
Maturity date		Mar. 26, 2021
Proceeds of the Secured Promissory Note		$ 16,200,000
Secured promissory note, payment term		Interest only is payable monthly for the first 12 months of the term. Principal and interest are payable monthly for the remaining term of the Secured Promissory Note due 2021.
Secured Promissory Note Due 2022 [Member]
Debt Instrument [Line Items]
Long-term debt, effective Interest Rate		4.21%	4.21%
Maturity year		2,022	2,022
Maturity date		May 31, 2022
Secured Promissory Note Due 2022 [Member] | EL Dorado Ammonia L.L.C [Member]
Debt Instrument [Line Items]
Proceeds of the Secured Promissory Note	$ 15,000,000
Secured Promissory Note Due 2022 [Member] | EL Dorado Ammonia L.L.C [Member] | Maximum [Member]
Debt Instrument [Line Items]
Maximum principal note amount	$ 19,800,000
Other [Member]
Debt Instrument [Line Items]
Weighted-average interest rate of other debt		4.50%	4.50%

Long-Term Debt - Additional Inf

Long-Term Debt - Additional Information (Detail) - Secured Promissory Note Due 2022 [Member]	9 Months Ended
	Sep. 30, 2015
Debt Instrument [Line Items]
Loan term after conversion	7 years
Maturity date	May 31, 2022
Percentage of remaining outstanding principal amount	30.00%
Prepayment Premium After First Anniversary Date [Member] | EL Dorado Ammonia L.L.C [Member]
Debt Instrument [Line Items]
Debt instrument prepayment premium percentage to be paid	1.114%
Prepayment Premium Month Prior to Maturity Date [Member] | EL Dorado Ammonia L.L.C [Member]
Debt Instrument [Line Items]
Debt instrument prepayment premium percentage to be paid	0.031%
London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate	4.00%
Debt instrument term	The interest rate is based on the monthly LIBOR rate plus 4.0%

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) MMBTU in Millions	May. 01, 2015USD ($)	Sep. 30, 2015USD ($)MMBTUSettlements$ / MMBTU	Oct. 31, 2014Violations	Sep. 30, 2015USD ($)SettlementsT	Dec. 31, 2002Subsidiary	Dec. 31, 2012USD ($)
Commitments And Contingencies [Line Items]
Natural gas purchase commitments | MMBTU		6.1
Month purchase commitment period ends for natural gas		2016-12
Natural gas purchase commitments weighted average cost, per unit | $ / MMBTU		2.96
Natural gas purchase commitments weighted average cost, amount		$ 18,100,000
Natural gas purchase commitments weighted average market value per unit | $ / MMBTU		2.74
Natural gas purchase commitments weighted average market value, amount		$ 16,800,000
Accrued liabilities for environmental matters		452,000		$ 452,000
Penalty related to discharge water permit						$ 100,000
Percentage of payment of investigation costs agreed by Hallowell Facility				50.00%
Insurance coverage of general liability risks		$ 100,000,000		$ 100,000,000
Product liability deductible per claim				$ 250,000
Confidential settlement agreement with family groups | Settlements		3		3
Pre-litigation demand amount	$ 30,000,000
Estimated litigation liability		$ 0		$ 0
Global Industrial Inc [Member]
Commitments And Contingencies [Line Items]
Claimed amount payable by Global for certain work		18,000,000
Estimated amount paid to Global of disputed amount		6,000,000
Adjusted estimated claim amount		12,000,000		12,000,000
Liability amount		0		0
Insurance Claims [Member]
Commitments And Contingencies [Line Items]
Accrued general liability insurance claims		560,000		560,000
Insurance Policy One [Member] | Climate Control [Member]
Commitments And Contingencies [Line Items]
Product liability deductible per claim				250,000
Insurance Policy Two [Member] | Climate Control [Member]
Commitments And Contingencies [Line Items]
Product liability deductible per claim				$ 500,000
Orica International [Member] | Ammonium Nitrate Supply Agreement [Member]
Commitments And Contingencies [Line Items]
Ammonium nitrate supply agreement maturity date				Apr. 9, 2015
Notice of termination				Required notice of termination of one year
Orica International [Member] | Ammonium Nitrate Supply Agreement [Member] | Minimum [Member]
Commitments And Contingencies [Line Items]
Purchase agreement quantity with Orica International | T				240,000
Cherokee Facility [Member]
Commitments And Contingencies [Line Items]
Accrued liabilities for environmental matters		100,000		$ 100,000
Number of alleged violations | Violations			11
Environmental loss contingencies civil penalty		26,000		26,000
Hallowell Facility [Member]
Commitments And Contingencies [Line Items]
Number of subsidiaries under Chemical Business that sold their operating assets | Subsidiary					2
Expansion Projects [Member] | El Dorado Facility [Member]
Commitments And Contingencies [Line Items]
Project costs capitalized		$ 531,000,000		531,000,000
Expansion Projects [Member] | El Dorado Facility [Member] | Minimum [Member]
Commitments And Contingencies [Line Items]
Estimated range of project costs to construct plants				732,000,000
Expansion Projects [Member] | El Dorado Facility [Member] | Maximum [Member]
Commitments And Contingencies [Line Items]
Estimated range of project costs to construct plants				$ 755,000,000

Derivatives, Hedges, Financia42

Derivatives, Hedges, Financial Instruments and Carbon Credits - Additional Information (Detail)	9 Months Ended	12 Months Ended
	Sep. 30, 2015USD ($)MMBTUUnitlboz$ / shares$ / Transaction$ / MMBTU$ / €	Dec. 31, 2014USD ($)MMBTUUnitlboz$ / shares$ / Transaction$ / MMBTU$ / lb$ / oz$ / €	Sep. 30, 2015EUR (€)MMBTUUnitlboz$ / Transaction$ / €	Dec. 31, 2014EUR (€)MMBTUUnitlboz$ / Transaction$ / €	Feb. 28, 2011USD ($)
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Contractual weighted-average cost | $ / MMBTU	2.93	3.24
Estimated weighted-average market value | $ / MMBTU	2.65
Contractual weighted-average exchange rate | $ / €	1.12	1.27	1.12	1.27
Contractual weighted-average pay rate	3.23%
Estimated market weighted-average receive rate	0.38%
Carbon credit fair value per unit | $ / Transaction	2.35	2.50	2.35	2.50
Derivative future or forward contracts in pounds | lb	0	1,750,000	0	1,750,000
Derivative future or forward contracts in volume | MMBTU	3,227,000	8,279,000	3,227,000	8,279,000
Future or forward copper contracts period		2015-05
Weighted-average cost per pound of future or forward copper contracts | $ / lb		2.98
The month future or forward natural gas contract period ends	2016-06	2016-06
Future or forward contract in ounces | oz	0	3,000	0	3,000
Future or forward platinum contracts settlement period		2015-04
Weighted-average cost per ounce of future or forward platinum contracts | $ / oz		1,224.26
Amount of foreign currency contract | €			€ 293,000	€ 819,000
Future or forward foreign exchange contracts settlement period	2017-02	2015-05
LIBOR rate					3.23%
Interest rate swap declining balance beginning balance					$ 23,800,000
Interest rate swap declining balance ending balance					$ 18,800,000
Interest rate contracts fixed rate description	Fixed three-month LIBOR rate of 3.23% on a declining balance
Maturity period interest rate contracts held	March 2,016
Number of carbon credits | Unit	84,000	1,112,000	84,000	1,112,000
Assets or liabilities measured at fair value on a recurring basis transferred between Level 1 and Level 2 classifications	$ 0
Senior Secured Notes [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Excess of estimated fair value over carrying value		$ 17,000,000
Excess of carrying value over estimated fair value	$ 15,000,000
Senior Secured Notes [Member] | Significant Other Observable Inputs (Level 2) [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notes based on quoted price | $ / shares	$ 96.5	$ 104
Foreign Exchange Contracts [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Contractual weighted-average exchange rate | $ / €	1.12		1.12
Total estimated market weighted-average exchange rate | $ / €	1.13

Derivatives, Hedges, Financia43

Derivatives, Hedges, Financial Instruments and Carbon Credits - Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - Recurring [Member] - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Assets - Supplies, prepaid items and other:
Total	$ 190	$ 2,779
Liabilities - Current and noncurrent accrued and other liabilities:
Total	1,380	5,934
Commodities Contracts [Member]
Liabilities - Current and noncurrent accrued and other liabilities:
Derivative Financial Instruments, Liabilities	915	2,440
Carbon Credits [Member]
Assets - Supplies, prepaid items and other:
Carbon credits	187	2,779
Liabilities - Current and noncurrent accrued and other liabilities:
Contractual obligations - carbon credits	187	2,779
Interest Rate Contracts [Member]
Liabilities - Current and noncurrent accrued and other liabilities:
Derivative Financial Instruments, Liabilities	278	671
Foreign Exchange Contracts [Member]
Assets - Supplies, prepaid items and other:
Foreign exchange contracts	3
Liabilities - Current and noncurrent accrued and other liabilities:
Derivative Financial Instruments, Liabilities		$ 44
Significant Other Observable Inputs (Level 2) [Member]
Assets - Supplies, prepaid items and other:
Total	3
Liabilities - Current and noncurrent accrued and other liabilities:
Total	1,193
Significant Other Observable Inputs (Level 2) [Member] | Commodities Contracts [Member]
Liabilities - Current and noncurrent accrued and other liabilities:
Derivative Financial Instruments, Liabilities	915
Significant Other Observable Inputs (Level 2) [Member] | Interest Rate Contracts [Member]
Liabilities - Current and noncurrent accrued and other liabilities:
Derivative Financial Instruments, Liabilities	278
Significant Other Observable Inputs (Level 2) [Member] | Foreign Exchange Contracts [Member]
Assets - Supplies, prepaid items and other:
Foreign exchange contracts	3
Significant Unobservable Inputs (Level 3) [Member]
Assets - Supplies, prepaid items and other:
Total	187
Liabilities - Current and noncurrent accrued and other liabilities:
Total	187
Significant Unobservable Inputs (Level 3) [Member] | Carbon Credits [Member]
Assets - Supplies, prepaid items and other:
Carbon credits	187
Liabilities - Current and noncurrent accrued and other liabilities:
Contractual obligations - carbon credits	$ 187

Derivatives, Hedges, Financia44

Derivatives, Hedges, Financial Instruments and Carbon Credits - Reconciliation of Beginning and Ending Balances for Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Assets [Abstract]
Assets, Beginning balance	$ 4,049	$ 1,673	$ 2,779	$ 1,284
Assets, Transfers into Level 3	0	0	0	0
Assets, Transfers out of Level 3	0	0	0	0
Assets, Total net realized and unrealized gains (losses) included in earnings			1,334	1,925
Assets, Purchases	0	0	0	0
Assets, Issuances	0	0	0	0
Assets,Sales	(3,862)		(3,926)	(1,536)
Assets, Settlements	0	0	0	0
Assets, Ending balance	187	1,673	187	1,673
Total net gains (losses) for the period included in earnings attributed to the change in unrealized gains or losses on assets and liabilities still held at the reporting date			177	1,004
Liabilities, Beginning balance	(4,049)	(1,673)	(2,779)	(1,284)
Liabilities, Transfers into Level 3	0	0	0	0
Liabilities, Transfers out of Level 3	0	0	0	0
Liabilities, Total net realized and unrealized gains (losses) included in earnings	904		(430)	(1,634)
Liabilities, Purchases	0	0	0	0
Liabilities, Issuances	0	0	0	0
Liabilities, Sales	0	0	0	0
Liabilities, Settlements	2,958		3,022	1,245
Liabilities, Ending balance	$ (187)	$ (1,673)	(187)	(1,673)
Total net gains (losses) for the period included in earnings attributed to the change in unrealized gains or losses on assets and liabilities still held at the reporting date			$ (177)	$ (1,004)

Derivatives, Hedges, Financia45

Derivatives, Hedges, Financial Instruments and Carbon Credits - Net Gains (Losses) Included in Earnings and the Income Statement Classifications (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Derivative Instruments, Gain (Loss) [Line Items]
Total net gain (losses) included in earnings	$ (630)	$ (200)	$ (2,787)	$ 2,145
Cost of Sales [Member] | Commodities Contracts [Member] | Not Designated as Hedging Instrument [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Total net gain (losses) included in earnings	(1,526)	(214)	(3,574)	1,897
Cost of Sales [Member] | Foreign Exchange Contracts [Member] | Not Designated as Hedging Instrument [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Total net gain (losses) included in earnings	2		(62)
Other Income [Member] | Carbon Credits [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Total net gain (losses) included in earnings	904		2,645	1,925
Other Expense [Member] | Contractual Obligations Relating to Carbon Credits [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Total net gain (losses) included in earnings			(1,741)	(1,634)
Interest Expense [Member] | Interest Rate Contracts [Member] | Not Designated as Hedging Instrument [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Total net gain (losses) included in earnings	$ (10)	$ 14	$ (55)	$ (43)

Income Taxes - Provision (Benef

Income Taxes - Provision (Benefit) for Income Taxes (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Current:
Federal	$ (5,582)	$ 660	$ (5,572)	$ (529)
State	197	31	857	1,273
Total Current	(5,385)	691	(4,715)	744
Deferred:
Federal	(14,592)	(2,568)	(11,469)	10,825
State	(2,005)	(538)	(1,658)	717
Total Deferred	(16,597)	(3,106)	(13,127)	11,542
Provision (benefit) for income taxes	$ (21,982)	$ (2,415)	$ (17,842)	$ 12,286

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Income Tax Disclosure [Abstract]
Provisions (benefit) for income taxes	$ (21,982)	$ (2,415)	$ (17,842)	$ 12,286
Percentage of pre-tax income			40.00%	39.00%

Segment Information - Segment F

Segment Information - Segment Financial Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Segment Reporting Information [Line Items]
Net sales	$ 157,685	$ 171,046	$ 534,202	$ 551,233
Gross profit (loss)	13,279	24,386	90,520	121,977
Operating income (loss)	(54,887)	(1,197)	(38,104)	48,428
Interest expense, net	877	5,079	6,505	17,458
Non-operating income, net	(23)	(89)	(107)	(242)
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
Corporate [Member]
Segment Reporting Information [Line Items]
Operating income (loss)	(7,173)	(4,459)	(22,782)	(17,081)
Chemical [Member]
Segment Reporting Information [Line Items]
Net sales	80,623	94,767	320,205	345,744
Gross profit (loss)	(10,456)	(521)	25,001	57,161
Non-operating income, net	(16)	(73)	(77)	(213)
Chemical [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Operating income (loss)	(55,046)	(5,587)	(31,546)	46,815
Climate Control [Member]
Segment Reporting Information [Line Items]
Net sales	75,050	73,485	207,090	196,585
Gross profit (loss)	22,978	23,862	63,021	61,628
Non-operating income, net			(4)
Equity in earnings of affiliate - Climate Control				(79)
Climate Control [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Operating income (loss)	7,163	8,452	15,479	17,396
Other [Member]
Segment Reporting Information [Line Items]
Net sales	2,012	2,794	6,907	8,904
Gross profit (loss)	757	1,045	2,498	3,188
Other [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Operating income (loss)	169	397	745	1,298
Corporate and Other [Member]
Segment Reporting Information [Line Items]
Non-operating income, net	$ (7)	$ (16)	$ (26)	$ (29)

Segment Information - Segment49

Segment Information - Segment Financial Information (Parenthetical) (Detail) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Mar. 31, 2014	Sep. 30, 2015	Sep. 30, 2014
Segment Reporting Information [Line Items]
Impairment of natural gas properties	$ 39,670			$ 39,670
Interest cost capitalized	8,300	$ 3,900		$ 20,900	$ 9,200
Chemical [Member]
Segment Reporting Information [Line Items]
Business interruption and property insurance recoveries			$ 28,000
Impairment of natural gas properties	$ 39,700
Cost of Sales [Member] | Chemical [Member]
Segment Reporting Information [Line Items]
Business interruption loss			$ 22,900

Segment Information - General C

Segment Information - General Corporate Expenses and Other Business Operations, Net (Parenthetical) (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Selling, general and administrative:
Total selling, general and administrative	$ (29,382)	$ (25,208)	$ (89,598)	$ (77,364)
Operating income (loss)	(54,887)	(1,197)	(38,104)	48,428
Corporate [Member]
Selling, general and administrative:
Personnel costs	(4,428)	(2,134)	(11,118)	(6,478)
Fees and expenses relating to shareholders	(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)
Operating income (loss)	$ (7,173)	$ (4,459)	$ (22,782)	$ (17,081)

Segment Information - Total Ass

Segment Information - Total Assets by Business Segment (Detail) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Segment Reporting Information [Line Items]
Total assets	$ 1,156,994	$ 1,137,005
Operating Segments [Member] | Chemical [Member]
Segment Reporting Information [Line Items]
Total assets	968,127	929,745
Operating Segments [Member] | Climate Control [Member]
Segment Reporting Information [Line Items]
Total assets	121,904	133,183
Operating Segments [Member] | Other [Member]
Segment Reporting Information [Line Items]
Total assets	6,437	5,960
Corporate [Member]
Segment Reporting Information [Line Items]
Total assets	$ 60,526	$ 68,117

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Sep. 30, 2015	Sep. 30, 2014
Related Party Transaction [Line Items]
Dividends on preferred stocks			$ 300	$ 300
Golsen Group [Member]
Related Party Transaction [Line Items]
Dividends on preferred stocks	$ 300	$ 300

Supplemental Cash Flow Inform53

Supplemental Cash Flow Information - Additional Information Relating to Cash Flow Activities (Detail) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Supplemental Cash Flow Elements [Abstract]
Cash payments (refunds) for income taxes, net	$ (3,648)	$ (4,864)
Noncash investing and financing activities:
Accounts payable, accrued liabilities and long-term debt associated with additions of property, plant and equipment	59,566	23,017
Long-term debt associated with additions of capitalized internal-use software and software development	$ 3,082	$ 4,256

Subsequent Events - Additional

Subsequent Events - Additional Information (Detail)	Nov. 06, 2015USD ($)Investor$ / shares	Oct. 02, 2015USD ($)	Sep. 30, 2015	Dec. 31, 2014
7.75% Senior Secured Notes Due 2019 [Member]
Subsequent Event [Line Items]
Debt instrument, interest rate			7.75%	7.75%
Maturity date			Aug. 1, 2019
Subsequent Events [Member] | Leidos Contract Amendment [Member] | Initial Short Term Payment Terms [Member] | Maximum [Member]
Subsequent Event [Line Items]
Terms		Net 60 day terms
Outstanding payable balance limit		Up to $50 million
Subsequent Events [Member] | Leidos Contract Amendment [Member] | Initial Short Term Payment Terms [Member] | Minimum [Member]
Subsequent Event [Line Items]
Terms		Net 30 day terms
Outstanding payable balance limit		In excess of $50 million
Subsequent Events [Member] | Leidos Contract Amendment [Member] | Final Term Payment Terms [Member]
Subsequent Event [Line Items]
Terms		Net 30 day terms
Payment terms trigger date		Within 72 hours after closing financing, but no later than December 10, 2015
Payments due at time of trigger date		All outstanding invoices that are more than 30 days old
Subsequent Events [Member] | Leidos Contract Amendment [Member] | Direct Cost Mark-Up [Member]
Subsequent Event [Line Items]
Original mark-up		4.50%
Amended mark-up		2.25%
Amended mark-up reduction application limit		$ 70,000,000
Amended increase in overhead charges		$ 6,200,000
Subsequent Events [Member] | Financing Commitment [Member]
Subsequent Event [Line Items]
Amount of financing commitment	$ 260,000,000
Subsequent Events [Member] | Financing Commitment [Member] | Minimum [Member]
Subsequent Event [Line Items]
Number of investors | Investor	1
Subsequent Events [Member] | Financing Commitment [Member] | Commitment if the Preferred Stock and warrants are not issued in certain circumstances [Member]
Subsequent Event [Line Items]
Fees as a percentage of committed financing	3.00%
Subsequent Events [Member] | Financing Commitment [Member] | Commitment Fees [Member]
Subsequent Event [Line Items]
Fees as a percentage of committed financing	2.00%
Dollar amount of fees	$ 5,200,000
Subsequent Events [Member] | Financing Commitment [Member] | Funding Fees [Member]
Subsequent Event [Line Items]
Fees as a percentage of committed financing	2.00%
Dollar amount of fees	$ 5,200,000
Subsequent Events [Member] | Financing Commitment [Member] | Cumulative Redeemable Nonconvertible Perpetual Non Voting Preferred Stock [Member]
Subsequent Event [Line Items]
Amount of preferred stock	$ 210,000,000
Convertible preferred stock dividend rate	14.00%
Participations rights percentage	2.00%
Percentage of voting rights	19.99%
Subsequent Events [Member] | Financing Commitment [Member] | Preferred Stock Warrants [Member]
Subsequent Event [Line Items]
Percentage of outstanding common stock related to warrants	17.99%
Exercise price | $ / shares	$ 0.01
Maximum term of warrants	10 years
Subsequent Events [Member] | Financing Commitment [Member] | 12% Senior Secured Notes [Member]
Subsequent Event [Line Items]
Aggregate principal amount of notes	$ 50,000,000
Debt instrument, interest rate	12.00%
Debt instrument, maximum potential interest rate	13.50%
Maturity date	Aug. 30, 2019
Subsequent Events [Member] | Financing Commitment [Member] | 12% Senior Secured Notes [Member] | August 2016 [Member]
Subsequent Event [Line Items]
Redemption Price	106.00%
Subsequent Events [Member] | Financing Commitment [Member] | 12% Senior Secured Notes [Member] | August 2017 [Member]
Subsequent Event [Line Items]
Redemption Price	103.00%
Subsequent Events [Member] | Financing Commitment [Member] | 12% Senior Secured Notes [Member] | August 2018 [Member]
Subsequent Event [Line Items]
Redemption Price	100.00%
Subsequent Events [Member] | Financing Commitment [Member] | 7.75% Senior Secured Notes Due 2019 [Member]
Subsequent Event [Line Items]
Aggregate principal amount of notes	$ 425,000,000