Rentech (RTK) 10-Q 15 Aug 16 2016 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2016	Jul. 29, 2016
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2
Trading Symbol	RTK
Entity Registrant Name	RENTECH, INC.
Entity Central Index Key	868,725
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		23,188,643

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Current assets
Cash	$ 47,414	$ 33,119
Accounts receivable, including unbilled revenue	14,987	9,495
Inventories	28,987	23,771
Prepaid expenses and other current assets	3,163	3,784
Other receivables	9,372	3,106
Assets of discontinued operations	76	63,854
Total current assets	103,999	137,129
Property, plant and equipment, net	242,805	240,700
Construction in progress	6,570	4,240
Other assets
Equity investment	56,830
Goodwill	40,255	40,255
Intangible assets	34,527	36,084
Deposits and other assets	4,507	4,457
Property held for sale		2,359
Assets of discontinued operations	10	185,067
Total other assets	136,129	268,222
Total assets	489,503	650,291
Current liabilities
Accounts payable	9,764	12,266
Accrued payroll and benefits	4,790	5,340
Accrued liabilities	24,945	18,675
Deferred revenue	2,031	1,401
Current portion of long term debt	17,282	18,744
Accrued interest	301	337
Other	2,208	2,554
Liabilities of discontinued operations	1,365	54,052
Total current liabilities	62,686	113,369
Long-term liabilities
Debt	114,044	157,268
Earn-out consideration	933	871
Asset retirement obligation	234	223
Deferred income taxes	17,998	7,301
Other	1,666	1,675
Liabilities of discontinued operations		354,164
Total long-term liabilities	134,875	521,502
Total liabilities	197,561	634,871
Commitments and contingencies (Note 10)
Mezzanine equity
Series E convertible preferred stock: $10 par value; 100,000 shares authorized, issued and outstanding; 4.5% dividend rate		95,840
Stockholders' equity (deficit)
Common stock: $.01 par value; 45,000 shares authorized; 23,189 and 23,033 shares issued and outstanding at June 30, 2016 and December 31, 2015, respectively	232	230
Additional paid-in capital	532,793	543,724
Accumulated deficit	(223,505)	(531,971)
Accumulated other comprehensive loss	(20,233)	(27,204)
Total Rentech stockholders' equity (deficit)	289,287	(15,221)
Noncontrolling interests	2,655	(65,199)
Total equity (deficit)	291,942	(80,420)
Total liabilities and stockholders' equity (deficit)	489,503	650,291
Series A Convertible Preferred Shares [Member]
Stockholders' equity (deficit)
Preferred stock
Series C Participating Cumulative Preferred Stock [Member]
Stockholders' equity (deficit)
Preferred stock
Series D Junior Participating Preferred Stock [Member]
Stockholders' equity (deficit)
Preferred stock

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	6 Months Ended	12 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Preferred stock, par value	$ 10	$ 10
Preferred stock, shares authorized	1,000,000	1,000,000
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	45,000,000	45,000,000
Common stock, shares issued	23,189,000	23,033,000
Common stock, shares outstanding	23,189,000	23,033,000
Series E Preferred Stock [Member]
Mezzanine, preferred stock, par value	$ 10	$ 10
Mezzanine, preferred stock, shares authorized	100,000	100,000
Mezzanine, preferred stock, shares issued	0	100,000
Mezzanine, preferred stock, shares outstanding	0	100,000
Mezzanine, preferred stock, dividend rate	4.50%	4.50%
Series A Convertible Preferred Shares [Member]
Preferred stock, shares authorized	90,000	90,000
Preferred stock, shares issued	90,000	90,000
Preferred stock, shares outstanding	0	0
Preferred stock, liquidation preference per share	$ 0	$ 0
Series C Participating Cumulative Preferred Stock [Member]
Preferred stock, par value	$ 10	$ 10
Preferred stock, shares authorized	500,000	500,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Series D Junior Participating Preferred Stock [Member]
Preferred stock, par value	$ 10	$ 10
Preferred stock, shares authorized	45,000	45,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Revenues
Product sales		$ 16,336	$ 22,624	$ 39,652	$ 42,456
Service revenues		15,457	17,301	32,078	33,905
Total revenues		31,793	39,925	71,730	76,361
Cost of sales
Product		20,655	22,603	47,158	40,183
Service		12,817	13,507	26,120	26,837
Total cost of sales		33,472	36,110	73,278	67,020
Gross profit (loss)		(1,679)	3,815	(1,548)	9,341
Operating expenses
Selling, general and administrative expense		7,742	14,186	16,856	25,154
Depreciation and amortization		775	1,189	1,783	2,634
Other expense, net		1,651	3	1,664	3
Total operating expenses		10,168	15,378	20,303	27,791
Operating loss		(11,847)	(11,563)	(21,851)	(18,450)
Other expense, net
Interest expense		(2,511)	(2,624)	(6,083)	(3,513)
Loss on debt repayment		(3,295)		(3,295)
Other income		367	2,101	513	1,988
Total other expenses, net		(5,439)	(523)	(8,865)	(1,525)
Loss from continuing operations before income taxes and equity in loss of investee		(17,286)	(12,086)	(30,716)	(19,975)
Income tax (benefit) expense		(109,489)	4,086	(111,891)	2,221
Income (loss) from continuing operations before equity in loss of investee		92,203	(16,172)	81,175	(22,196)
Equity in loss of investee		1,360	406	1,360	421
Income (loss) from continuing operations		90,843	(16,578)	79,815	(22,617)
Income (loss) from discontinued operations, net of tax	[1]	226,640	(62,133)	232,214	(56,048)
Net income (loss)		317,483	(78,711)	312,029	(78,665)
Net (income) loss attributable to noncontrolling interests		(157)	26,617	(3,563)	22,942
Loss on redemption of preferred stock		(11,049)		(11,049)
Preferred stock dividends			(1,320)	(1,320)	(2,640)
Net income (loss) attributable to Rentech common shareholders		$ 306,277	$ (53,414)	$ 296,097	$ (58,363)
Basic:
Continuing operations		$ 3.37	$ (0.78)	$ 2.84	$ (1.11)
Discontinued operations		9.58	(1.55)	9.67	(1.44)
Net income (loss)		12.95	(2.33)	12.51	(2.54)
Diluted:
Continuing operations		3.33	(0.78)	2.81	(1.11)
Discontinued operations		9.47	(1.55)	9.58	(1.44)
Net income (loss)		$ 12.80	$ (2.33)	$ 12.40	$ (2.54)
Weighted-average shares used to compute net income (loss) per common share:
Basic		23,067	22,965	23,051	22,951
Diluted		23,324	22,965	23,268	22,951
[1]	For the three and six months ended June 30, 2016, income from discontinued operations, net of tax includes $358.6 million, which is the Company’s proportionate share of the book gain on sale of RNP.

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Statement Of Income And Comprehensive Income [Abstract]
Net income (loss)	$ 317,483	$ (78,711)	$ 312,029	$ (78,665)
Other comprehensive income (loss), net of tax:
Pension and postretirement plan adjustments		4		8
Foreign currency translation	(230)	2,515	7,254	(6,787)
Other comprehensive income (loss)	(230)	2,519	7,254	(6,779)
Comprehensive income (loss)	317,253	(76,192)	319,283	(85,444)
Less: net (income) loss attributable to noncontrolling interests	(157)	26,617	(3,563)	22,942
Less: other comprehensive income attributable to noncontrolling interests		(2)		(4)
Comprehensive income (loss) attributable to Rentech	$ 317,096	$ (49,577)	$ 315,720	$ (62,506)

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity (Deficit) (Unaudited) - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Deficit [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Total Rentech Stockholders' Equity (Deficit) [Member]	Noncontrolling Interests [Member]
Beginning balance at Dec. 31, 2014	$ 123,835	$ 2,293	$ 543,091	$ (417,349)	$ (7,302)	$ 120,733	$ 3,102
Beginning balance, Shares at Dec. 31, 2014		229,308
Common stock issued for services		$ 3	(3)
Common stock issued for services, Shares		259
Common stock issued for stock options exercised	29	$ 2	27			29
Common stock issued for stock options exercised, Shares		254
Dividends - preferred stock	(2,640)		(2,640)			(2,640)
Distributions to noncontrolling interests	(10,477)						(10,477)
Equity-based compensation expense	2,672		2,386			2,386	286
Restricted stock units	(109)	$ 2	(111)			(109)
Restricted stock units, Shares		218
Net income (loss)	(78,665)			(55,723)		(55,723)	(22,942)
Other comprehensive income (loss)	(6,779)				(6,783)	(6,783)	4
Other	(1)			(1)		(1)
Ending balance at Jun. 30, 2015	27,865	$ 2,300	542,750	(473,073)	(14,085)	57,892	(30,027)
Ending balance, Shares at Jun. 30, 2015		230,039
Beginning balance at Dec. 31, 2015	(80,420)	$ 230	543,724	(531,971)	(27,204)	(15,221)	(65,199)
Beginning balance, Shares at Dec. 31, 2015		23,033
Sale of investment in RNP	67,638						67,638
Common stock issued for services		$ 2	(2)
Common stock issued for services, Shares		125
Loss on redemption of preferred stock	(11,049)		(11,049)			(11,049)
Dividends - preferred stock	(1,320)		(1,320)			(1,320)
Distributions to noncontrolling interests	(3,345)						(3,345)
Equity-based compensation expense	1,303		1,303			1,303
Restricted stock units	(27)		(27)			(27)
Restricted stock units, Shares		31
Net income (loss)	312,029			308,466		308,466	3,563
Other comprehensive income (loss)	7,254				7,254	7,254
Other	(121)		164		(283)	(119)	(2)
Ending balance at Jun. 30, 2016	$ 291,942	$ 232	$ 532,793	$ (223,505)	$ (20,233)	$ 289,287	$ 2,655
Ending balance, Shares at Jun. 30, 2016		23,189

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands		6 Months Ended
		Jun. 30, 2016	Jun. 30, 2015
Cash flows from operating activities
Net income (loss)		$ 312,029	$ (78,665)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
(Income) loss from discontinued operations	[1]	(232,214)	56,048
Non-cash equity in loss of investee		1,329
Depreciation and amortization		11,296	10,363
Deferred income tax benefit		10,697	1,694
Utilization of spare parts		963	751
Write-down of inventory		10,298	2,504
(Gain) loss on disposal of fixed assets		1,664	(1,587)
Loss on debt repayment		3,295
Non-cash interest expense		314	(188)
Equity-based compensation		1,153	1,959
Other		(381)	483
Changes in operating assets and liabilities, net of amounts acquired:
Accounts receivable		(5,295)	2,089
Other receivables		682	362
Inventories		(14,639)	(7,342)
Prepaid expenses and other current assets		687	(1,874)
Accounts payable		(3,126)	2,453
Deferred revenue		629	788
Accrued interest		(44)	11
Accrued liabilities, accrued payroll and other		3,810	(284)
Cash provided by (used in) operating activities of continuing operations		103,147	(10,435)
Cash provided by (used in) operating activities of discontinued operations		(114,240)	39,548
Net cash provided by (used in) operating activities		(11,093)	29,113
Cash flows from investing activities
Capital expenditures		(7,716)	(31,220)
Payment for acquisition, net of cash received			(7,214)
Proceeds from disposal of assets		2,442
Distributions received from equity investment		1,941
Other items			(1)
Cash used in investing activities of continuing operations		(3,333)	(38,435)
Cash provided by (used in) investing activities of discontinued operations		17,797	(14,671)
Net cash provided by (used in) investing activities		14,464	(53,106)
Cash flows from financing activities
Proceeds from debt and credit facilities		23,815	71,392
Payments and retirement of debt		(14,227)	(11,081)
Payment of debt issuance costs			(755)
Redemption of preferred stock		(10,000)
Dividends to preferred stockholders		(1,500)	(2,250)
Payment of earn-out consideration			(3,840)
Distributions to noncontrolling interests		(3,345)	(10,477)
Other		15	29
Net cash provided by (used in) financing activities		(5,242)	43,018
Effect of exchange rate on cash		344	(113)
Increase (decrease) in cash		(1,527)	18,912
Cash, beginning of period - continuing operations		33,119	16,167
Cash, beginning of period - discontinued operations		15,822	28,028
Cash, end of period		47,414	63,107
Cash from discontinued operations, end of period			38,502
Cash from continuing operations, end of period		47,414	24,605
Non-cash investing and financing activities
Purchase of property, plant, equipment and construction in progress in accounts payable and accrued liabilities		6,002	14,083
Fair value of assets in acquisition			7,241
Fair value of liabilities assumed in acquisition			27
Increase in QS Construction Facility obligation		59	6,111
Increase in receivable from insurance			2,532
Accrued dividends on preferred stock			$ 375
CVR Partners L.P [Member]
Non-cash investing and financing activities
Receipt of CVR common units		202,145
Transfer of CVR common units to repurchase preferred stock		(97,083)
Transfer of CVR common units to repay debt		(45,036)
RNP [Member]
Non-cash investing and financing activities
Derecognition of net liabilities		(197,469)
Pasadena [Member]
Non-cash investing and financing activities
Derecognition of net assets		$ 8,894
[1]	For the three and six months ended June 30, 2016, income from discontinued operations, net of tax includes $358.6 million, which is the Company’s proportionate share of the book gain on sale of RNP.

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 2016
Accounting Policies [Abstract]
Basis of Presentation	Note 1 — Basis of Presentation The accompanying unaudited consolidated financial statements of Rentech, Inc. (“Rentech”) and its consolidated subsidiaries (collectively, the “Company”) have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and in compliance with the instructions to Form 10-Q and Article 10 of Regulation S-X. Neither authority requires all of the information and footnotes required by GAAP for complete financial statements. Accordingly, the accompanying financial statements do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, the unaudited consolidated financial statements reflect all adjustments, consisting only of normal recurring adjustments, considered necessary for a fair statement of the Company’s financial position as of June 30, 2016, and the results of operations and cash flows for the periods presented. The accompanying consolidated financial statements include the accounts of Rentech, its wholly owned subsidiaries and all subsidiaries in which Rentech directly or indirectly owns a controlling financial interest. All intercompany accounts and transactions have been eliminated in consolidation. Operating results for the three and six months ended June 30, 2016 are not necessarily indicative of the results that may be expected for the year ending December 31, 2016 or any other reporting period. The information included in this Form 10-Q should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2015 filed with the Securities and Exchange Commission (the “SEC”) on March 15, 2016 (the “Annual Report”). The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities as of the date of the consolidated financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Sale and On March 14, 2016, Rentech Nitrogen Partners, L.P. (“RNP”), a majority owned subsidiary of which the Company owned approximately 60%, completed the sale of Rentech Nitrogen Pasadena Holdings, LLC (“Pasadena Holdings”), the owner of a fertilizer facility in Pasadena, Texas (the “Pasadena Facility”), to Interoceanic Corporation (“IOC”) (the “Pasadena Sale”). The transaction included an initial cash payment to RNP of $5.0 million, which resulted in a distribution to the Company of $2.6 million. The transaction also includes a post-closing cash working capital adjustment. The Company has agreed with IOC on a working capital adjustment of $5.4 million. The working capital adjustment along with expected insurance refunds put the total expected distribution to RNP unitholders at approximately $5.7 million of which the Company would receive $3.4 million. The estimated loss on sale of $1.1 million is recorded in discontinued operations. The purchase agreement also includes an earn-out which would be paid to former RNP unitholders as of the closing of the Merger (defined below) equal to 50% of the Pasadena Facility’s EBITDA, as defined in the purchase agreement, in excess of $8.0 million cumulatively earned over the next two years. The Company did not include the earn-out in the loss on sale calculation as it represents a gain contingency. On April 1, 2016, RNP completed the previously announced transactions contemplated by the Agreement and Plan of Merger, dated as of August 9, 2015 (the “Merger Agreement”) under which RNP and Rentech Nitrogen GP, LLC (the “General Partner”) merged with affiliates of CVR Partners, L.P. (“CVR”), and RNP ceased to be a publicly traded company and became a wholly-owned subsidiary of CVR (the “Merger”). Pursuant to the Merger Agreement, each outstanding unit of RNP was exchanged for 1.04 common units of CVR (“CVR Common Units”) and $2.57 of cash. The Company received merger consideration of $59.8 million of cash and 24.2 million CVR Common Units. The Company used 17.0 million CVR Common Units received in the Merger and $10.0 million of cash to: (i) repurchase and retire all $100 million of the Company’s Series E Convertible Preferred Stock, par value $10.00 per share (the “Preferred Stock”) held by certain funds managed by or affiliated with GSO Capital Partners LP (the “GSO Funds”) and (ii) repay approximately $41.7 million of debt under the Company’s credit agreement with the GSO Funds (as amended from time to time, the “GSO Credit Agreement”). See Note 9 — Debt and Preferred Stock for further information regarding the Company’s transactions with the GSO Funds. The Company currently owns approximately 7.2 million CVR Common Units. The Company’s share of book gain on sale of RNP is $358.6 million, which is recorded in discontinued operations. The gain is comprised primarily of $59.8 million of cash proceeds and CVR Common Units valued at $202.1 million, based on CVR’s closing price on March 31, 2016 of $8.36 per unit, compared to the Company’s share of RNP’s negative net book value of $97.6 million as of March 31, 2016. See Note 3 — Investment in CVR for further information regarding the Company’s investment in CVR. The Company has presented its consolidated balance sheets and consolidated statements of operations for all periods presented in this report to reflect RNP as discontinued operations, excluding certain corporate expenses that the Company expects to incur on an on-going basis which were previously allocated to RNP. See Note 4 — Discontinued Operations. Previously Reported Revenues and Cost of Sales In the Form 10-Q for the quarterly period ended March 31, 2016, the Company incorrectly reported revenues and cost of sales for the Wood Pellets: Industrial segment. Certain intercompany transactions between the Atikokan Facility and the Wawa Facility, as defined in “Note 8 — Property, Plant and Equipment,” were not eliminated. As a result, both revenues and cost of sales were overstated by $1.4 million. There was no impact on gross profit, operating income, net income, cash flows or the balance sheets. Management does not believe the impact of these errors was material for the first quarter of 2016, the second quarter of 2016 or the previously issued Form 10-Q and has corrected the intercompany transactions in the year to date results through June 30, 2016.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	6 Months Ended
	Jun. 30, 2016
Accounting Policies [Abstract]
Recent Accounting Pronouncements	Note 2 — Recent Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (the “FASB”) issued guidance that will significantly enhance comparability of revenue recognition practices across entities, industries, jurisdictions, and capital markets. In August 2015, the FASB approved a one-year deferral of the effective date making the guidance effective for interim and annual reporting periods beginning after December 15, 2017. In addition, the FASB will continue to permit entities to early adopt the guidance for annual periods beginning on or after December 15, 2016. The Company is evaluating the provisions of this guidance and the potential impact, if any, on its consolidated financial position, results of operations and disclosures. In June 2014, the FASB issued guidance on accounting for share-based payments when the terms of an award provide that a performance target could be achieved after the requisite service period. This guidance is effective for fiscal years, and interim periods within those years, beginning after December 15, 2015. The adoption of this guidance did not have any impact on the Company’s consolidated financial position, results of operations and disclosures. In August 2014, the FASB issued guidance on presentation of financial statements — going concern, which applies to all companies. It requires management to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the entity’s ability to continue as a going concern within one year after the date that the financial statements are issued. This guidance is effective for the annual period ending after December 15, 2016, and for annual periods and interim periods thereafter. The Company is evaluating the provisions of this guidance and the potential impact, if any, on its consolidated financial position, results of operations and disclosure. In November 2014, the FASB issued guidance on hybrid financial instruments. The guidance does not change the current criteria for determining when separation of certain embedded derivative features in a hybrid financial instrument is required. The guidance clarifies that an entity should consider all relevant terms and features, including the embedded derivative feature being evaluated for bifurcation, in evaluating the nature of the host contract. This guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015. The adoption of this guidance did not have any impact on the Company’s consolidated financial position, results of operations and disclosures. In January 2015, the FASB issued guidance that eliminates the concept of extraordinary items. This guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015. The Company has not historically reported any extraordinary items. The adoption of this guidance did not have any impact on the Company’s consolidated financial position, results of operations and disclosures. In February 2015, the FASB issued guidance that changes the analysis that a reporting entity must perform to determine whether it should consolidate certain types of legal entities. This guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015. The adoption of this guidance did not have any impact on the Company’s consolidated financial position, results of operations and disclosures. In April 2015, the FASB issued guidance that will help entities evaluate the accounting for fees paid by a customer in a cloud computing arrangement. If a cloud computing arrangement includes a software license, then the customer should account for the software license element of the arrangement consistent with the acquisition of other software licenses. If a cloud computing arrangement does not include a software license, the customer should account for the arrangement as a service contract. This guidance is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2015. The Company adopted the provisions of this guidance in the first quarter of 2016 and applied the provisions prospectively. The adoption of this guidance did not have an impact on the Company’s consolidated financial position, results of operations and disclosures. In July 2015, the FASB issued guidance that replaces the current lower of cost or market method of measurement for inventory with a lower of cost and net realizable value measurement. This guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2016. The Company does not expect the adoption of this guidance to have a material impact on its consolidated financial position, results of operations or disclosures. In September 2015, the FASB issued guidance that simplifies the accounting for adjustments made to provisional amounts recognized in a business combination by requiring the acquirer to (i) recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amount is determined, (ii) record, in the same period, the effect on earnings of changes in depreciation, amortization, or other income effects, if any, as a result of the change to the provisional amounts, calculated as if the accounting had been completed at the acquisition date, and (iii) present separately on the face of the income statement or disclose in the notes to the financial statements the portion of the amount recorded in current-period earnings by line item that would have been recorded in previous reporting periods if the adjustment to the provisional amounts had been recognized as of the acquisition date. In February 2016, the FASB issued an update to its guidance on lease accounting. This update revises accounting for operating leases by a lessee, among other changes, and requires a lessee to recognize a liability to make lease payments and an asset representing its right to use the underlying asset for the lease term in the balance sheet. The distinction between finance and operating leases has not significantly changed and the update does not significantly change the effect of finance and operating leases on the statement of operations. The new guidance is effective for the first interim and annual periods beginning after December 15, 2018, with early adoption permitted. At adoption, this update will be applied using a modified retrospective approach. The Company is currently assessing the impact of adoption of this standard on our consolidated financial statements. In March 2016, the FASB issued guidance that requires that embedded derivatives be separated from the host contract and accounted for separately as derivatives if certain conditions are met. This guidance is effective for fiscal years, and interim periods within those years, beginning after December 15, 2016. The Company is evaluating the provisions of this guidance and the potential impact, if any, on its consolidated financial position, results of operations and disclosure.

Investment in CVR

Investment in CVR	6 Months Ended
	Jun. 30, 2016
Equity Method Investments And Joint Ventures [Abstract]
Investment in CVR	Note 3 — Investment in CVR The Company owns 7.2 million CVR Common Units. The 7.2 million CVR Common Units were valued at $60.1 million, based on CVR’s closing price of $8.36 per Common Unit as of March 31, 2016. The 7.2 million CVR Common Units had a market value of $58.7 million, based on CVR’s closing price of $8.17 per Common Unit as of June 30, 2016. The investment in CVR is shown on the consolidated balance sheets under equity investment. The investment in CVR is accounted for under the equity method of accounting. The Company utilizes the equity method to account for investments when it possesses the ability to exercise significant influence, but not control, over the operating and financial policies of the investee. The ability to exercise significant influence is presumed when an investor possesses 3% to 5% or more ownership of a limited partnership. In addition, the Company’s president and chief executive officer is on the board of directors for CVR GP, LLC, the general partner of CVR. The Company’s ownership in CVR represents approximately 6% of the total CVR Common Units outstanding, which is based on total CVR Common Units outstanding at June 30, 2016 of 113,282,973. In applying the equity method, the Company recorded the investment at fair value and subsequently increases or decreases the carrying amount of the investment by its proportionate share of the net earnings or losses and other comprehensive income of the investee. The Company records dividends or other equity distributions as reductions in the carrying value of the investment. The investment is reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment charge would only be recognized in earnings for a decline in value that is determined to be other than temporary. For the three and six months ended June 30, 2016, the Company recorded its proportionate share of loss from its investment in CVR of $1.1 million since it received the CVR Common Units on April 1, 2016, which is shown on the consolidated statement of operations under equity in loss of investee. In addition, as of the date of the Company’s investment in CVR, basis differences between the book value of equity on CVR’s balance sheet and the amount recorded on the Company’s books was ascribed to an asset and amortized over its useful life, which resulted in an additional expense of $0.3 million. During the three and six months ended June 30, 2016, since it received the CVR Common Units on April 1, 2016, the Company received distributions from CVR of $1.9 million. The Company analyzes the dividends received on a quarter-by-quarter basis without consideration of the investee’s forecasted earnings. Since the distributions received by the Company exceeded its proportionate share of CVR’s earnings, the entire distributions of $1.9 million were considered a return of investment and classified as an investing cash inflow on the consolidated statements of cash flows.

Discontinued Operations

Discontinued Operations	6 Months Ended
	Jun. 30, 2016
Discontinued Operations And Disposal Groups [Abstract]
Discontinued Operations	Note 4 — Discontinued Operations The completed Merger represents a strategic shift that had a major effect on Rentech’s operations and financial results. As a result of the Merger Agreement and the Pasadena Sale, the Company has classified its consolidated balance sheets and consolidated statements of operations for all periods presented in this report to reflect RNP, excluding certain corporate expenses that the Company expects to continue on an on-going basis, which were previously allocated to RNP, as discontinued operations. Prior to the Merger Agreement, the Company reflected RNP in its reports as the East Dubuque business segment, the Pasadena business segment, and unallocated partnership items. The Company’s consolidated balance sheets and consolidated statements of operations for all periods presented in this report also reflect the Energy Technologies segment as discontinued operations. On March 18, 2016, the Company completed the sale of the property (the “PDU Property”) that housed its product demonstration unit (“PDU”) in Colorado for $3.0 million. The preliminary loss recorded for the six months ended June 30, 2016 was $0.5 million, of which $0.1 million was recorded during the three months ended June 30, 2016. The Company is required to remit 50% of the net proceeds from the property sale to Sunshine Kaidi New Energy Group Co., Ltd. (“Kaidi”). In 2014, Kaidi acquired the Company’s alternative energy technologies, certain pieces of equipment at the PDU and a right to 50% of the proceeds from the future sale of the PDU Property, net of the Company’s carrying and transaction costs for the property. In the consolidated statements of cash flows, the cash flows of discontinued operations are separately classified or aggregated under operating and investing activities. All discussions and amounts in the consolidated financial statements and related notes for all periods presented relate to continuing operations only, unless otherwise noted. The following table summarizes the components of assets and liabilities of discontinued operations. As of June 30, 2016 Energy Technologies (in thousands) Prepaid expenses and other current assets $ 76 Total current assets $ 76 Other assets $ 10 Total other assets $ 10 Total assets $ 86 Accounts payable $ 150 Accrued liabilities 1,215 Total current liabilities $ 1,365 Total long-term liabilities $ — Total liabilities $ 1,365 As of December 31, 2015 RNP Energy Technologies Total (in thousands) Cash $ 15,822 $ — $ 15,822 Accounts receivable 11,451 — 11,451 Inventories 30,354 — 30,354 Prepaid expenses and other current assets 5,747 106 5,853 Other receivables 374 — 374 Total current assets $ 63,748 $ 106 $ 63,854 Property held for sale $ 159,596 $ 1,678 $ 161,274 Construction in progress 23,712 — 23,712 Other assets 71 10 81 Total other assets $ 183,379 $ 1,688 $ 185,067 Total assets $ 247,127 $ 1,794 $ 248,921 Accounts payable $ 12,022 $ 498 $ 12,520 Accrued payroll and benefits 5,746 4 5,750 Accrued liabilities 13,694 455 14,149 Deferred revenues 16,983 — 16,983 Accrued interest 4,650 — 4,650 Total current liabilities $ 53,095 $ 957 $ 54,052 Debt $ 347,574 $ — $ 347,574 Asset retirement obligation 4,498 — 4,498 Other 2,092 — 2,092 Total long-term liabilities $ 354,164 $ — $ 354,164 Total liabilities $ 407,259 $ 957 $ 408,216 The following table summarizes the results of discontinued operations. For the Three Months Ended June 30, 2016 RNP Energy Technologies Total (in thousands) Revenues $ — $ — $ — Cost of sales — — — Gross profit — — — Operating income, excluding gain (loss) on sale — 346 346 Gain (loss) on sale 358,324 (172 ) 358,152 Other income, net 290 8 298 Income before income taxes 358,614 182 358,796 Income tax expense 132,102 54 132,156 Net income 226,512 128 226,640 Net income attributable to noncontrolling interests 116 — 116 Net income attributable to Rentech common shareholders $ 226,396 $ 128 $ 226,524 Net income attributable to Rentech common shareholders $ 226,396 $ 128 $ 226,524 Net income attributable to noncontrolling interests 116 — 116 Income from discontinued operations, net of tax $ 226,512 $ 128 $ 226,640 For the Three Months Ended June 30, 2015 RNP Energy Technologies Total (in thousands) Revenues $ 109,852 $ — $ 109,852 Cost of sales 65,127 — 65,127 Gross profit 44,725 — 44,725 Operating loss (61,278 ) (232 ) (61,510 ) Other expenses, net (4,135 ) — (4,135 ) Loss before income taxes (65,413 ) (232 ) (65,645 ) Income tax (benefit) expense (3,566 ) 54 (3,512 ) Net loss (61,847 ) (286 ) (62,133 ) Net loss attributable to noncontrolling interests (26,651 ) — (26,651 ) Net loss attributable to Rentech common shareholders $ (35,196 ) $ (286 ) $ (35,482 ) Net loss attributable to Rentech common shareholders $ (35,196 ) $ (286 ) $ (35,482 ) Net loss attributable to noncontrolling interests (26,651 ) — (26,651 ) Loss from discontinued operations, net of tax $ (61,847 ) $ (286 ) $ (62,133 ) For the Six Months Ended June RNP Energy Technologies Total (in thousands) Revenues $ 54,347 $ — $ 54,347 Cost of sales 34,696 — 34,696 Gross profit 19,651 — 19,651 Operating income, excluding gain (loss) on sale 15,056 883 15,939 Gain (loss) on sale 357,510 (546 ) 356,964 Other expenses, net (5,259 ) (42 ) (5,301 ) Income before income taxes 367,307 295 367,602 Income tax expense 135,293 95 135,388 Net income 232,014 200 232,214 Net income attributable to noncontrolling interests 3,338 — 3,338 Net income attributable to Rentech common shareholders $ 228,676 $ 200 $ 228,876 Net income attributable to Rentech common shareholders $ 228,676 $ 200 $ 228,876 Net income attributable to noncontrolling interests 3,338 — 3,338 Income from discontinued operations, net of tax $ 232,014 $ 200 $ 232,214 For the Six Months Ended June RNP Energy Technologies Total (in thousands) Revenues $ 179,027 $ 56 $ 179,083 Cost of sales 115,518 50 115,568 Gross profit 63,509 6 63,515 Operating loss (46,456 ) (379 ) (46,835 ) Other expenses, net (9,166 ) — (9,166 ) Loss before income taxes (55,622 ) (379 ) (56,001 ) Income tax expense 47 — 47 Net loss (55,669 ) (379 ) (56,048 ) Net loss attributable to noncontrolling interests (23,047 ) — (23,047 ) Net loss attributable to Rentech common shareholders $ (32,622 ) $ (379 ) $ (33,001 ) Net loss attributable to Rentech common shareholders $ (32,622 ) $ (379 ) $ (33,001 ) Net loss attributable to noncontrolling interests (23,047 ) — (23,047 ) Loss from discontinued operations, net of tax $ (55,669 ) $ (379 ) $ (56,048 )

Fair Value

Fair Value	6 Months Ended
	Jun. 30, 2016
Fair Value Disclosures [Abstract]
Fair Value	Note 5 — Fair Value Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants and is classified in one of the following three categories: · Level 1 — Consists of unadjusted quoted prices in active markets for identical assets or liabilities that the Company has the ability to access as of the reporting date. · Level 2 — Consists of inputs other than quoted prices included within Level 1 that are directly observable for the asset or liability or indirectly observable through corroboration with observable market data. · Level 3 — Consists of unobservable inputs for assets or liabilities whose fair value is estimated based on internally developed models or methodologies using inputs that are generally less readily observable and supported by little, if any, market activity at the measurement date. Unobservable inputs are developed based on the best available information and subject to cost-benefit constraints. Fair values of cash, receivables, deposits, other current assets, accounts payable, accrued liabilities and other current liabilities were assumed to approximate carrying value since they are short term and can be settled on demand. The following table presents the financial instruments that were accounted for at fair value by level as of June 30, 2016 and December 31, 2015. Level 1 Level 2 Level 3 (in thousands) Liabilities Earn-out consideration - June 30, 2016 $ — $ — $ 933 Earn-out consideration - December 31, 2015 — — 871 The following table presents the fair value and carrying value of the Company’s borrowings as of June 30, 2016. Fair Value Carrying Level 1 Level 2 Level 3 Value (in thousands) Liabilities Fulghum debt $ — $ 41,724 $ — $ 43,211 NEWP debt — 17,521 — 17,618 GSO Credit Agreement — 52,250 — 49,530 The following table presents the fair value and carrying value of the Company’s borrowings as of December 31, 2015. Fair Value Carrying Level 1 Level 2 Level 3 Value (in thousands) Liabilities Fulghum debt $ — $ 46,840 $ — $ 48,150 NEWP debt — 15,964 — 16,203 GSO Credit Agreement — 95,000 — 91,733 Earn-out Consideration At June 30, 2016, the earn-out consideration was $0.9 million relating to the Atikokan Facility, as defined in “Note 8 — Property, Plant and Equipment”. This consideration is deemed to be a Level 3 financial instrument because the measurement is based on unobservable inputs. The fair value of earn-out consideration was determined based on the Company’s analysis of various scenarios involving the achievement of certain levels of EBITDA, as defined in the asset purchase agreement related to the Atikokan Facility, over a ten-year period. The scenarios, which included a weighted probability factor, involved assumptions relating to product profitability and production levels. The earn-out consideration will be measured at each reporting date with changes in its fair value recognized in the consolidated statements of operations. Assuming the minimum required EBITDA level is achieved, an increase or decrease of $1.0 million in EBITDA would result in an increase or decrease in earn-out consideration of $0.1 million. The Company provided a loan to the sellers in the Atikokan Facility of $0.9 million, which will be repayable from any earn-out consideration. The collectability of the loan is tied to the amount of earn-out consideration the sellers receive from the Company. A reconciliation of the change in the carrying value of the earn-out consideration during 2016 is as follows: Atikokan (in thousands) Balance at December 31, 2015 $ 871 Add: Unrealized loss on foreign currency translation 62 Balance at June 30, 2016 $ 933 A reconciliation of the change in the carrying value of the earn-out consideration during 2015 is as follows: Atikokan NEWP Total (in thousands) Balance at December 31, 2014 $ 1,295 $ 5,000 $ 6,295 Less: Earn-out consideration payment — (5,000 ) (5,000 ) Less: Unrealized gain (396 ) — (396 ) Less: Unrealized gain on foreign currency translation (81 ) — (81 ) Balance at June 30, 2015 $ 818 $ — $ 818 Debt Valuation The Fulghum Fibres, Inc. (“Fulghum”) debt and New England Wood Pellet, LLC (“NEWP”) debt are deemed to be Level 2 financial instruments because the measurements are based on observable market data. The Company’s valuation reflects discounted expected future cash flows, which incorporate yield curves for instruments with similar characteristics, such as credit ratings, weighted average lives and maturity dates. The GSO Credit Agreement is deemed to be a Level 2 financial instrument because the measurement is based on observable market data. The Company concluded that the carrying value, before the discount, of the GSO Credit Agreement approximated the fair value of such loan as of June 30, 2016 and December 31, 2015 based on its floating interest rate and the Company’s assessment that the fixed-rate margins are still at market. The levels within the fair value hierarchy at which the Company’s financial instruments have been evaluated have not changed for any of the Company’s financial instruments during the three and six months ended June 30, 2016 and 2015.

Derivative Instruments

Derivative Instruments	6 Months Ended
	Jun. 30, 2016
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Derivative Instruments	Note 6 — Derivative Instruments Accounting guidance establishes accounting and reporting requirements for derivative instruments and hedging activities. This guidance requires recognition of all derivative instruments as assets or liabilities on the Company’s consolidated balance sheets and measurement of those instruments at fair value. The accounting treatment of changes in fair value is dependent upon whether or not a derivative instrument is designated as a hedge and if so, the type of hedge. The Company currently does not designate any of its derivatives as hedges for financial accounting purposes. Gains and losses on derivative instruments not designated as hedges are included in earnings in other income (expense) and reported under cash flows from operating activities. Interest Rate and Currency Swaps The Company’s wholly owned subsidiary, NEWP, entered into three interest rate swaps in notional amounts that cover the borrowings under its two industrial revenue bonds and a real estate mortgage loan. Under the interest rate swaps, NEWP pays interest at a fixed rate of 5.29% on the outstanding balance of one of the industrial revenue bonds, 5.05% on the outstanding balance of the other industrial revenue bond and 7.95% on the outstanding balance of the real estate mortgage loan. NEWP receives interest at the variable interest rates specified in the various swap agreements. The Company’s wholly owned subsidiary, Fulghum, has entered into two interest rate swaps in notional amounts that cover the borrowings under two of its long-term loans. Under the interest rate swaps, Fulghum pays interest at a fixed rate of 6.83% on the outstanding balance of one of the loans and 5.15% on the outstanding balance of the other loan. Fulghum receives interest at the variable interest rates specified in the various swap agreements. The 5.15% interest rate swap was terminated in July 2015. Through the interest rate swaps, the Company is essentially fixing the variable interest rate to be paid on these borrowings. The interest rate swaps are accounted for as derivatives for accounting purposes. The interest rate swaps are deemed to be Level 2 financial instruments because the measurements are based on observable market data. The Company used a standard swap contract valuation method to value its interest rate derivatives, and the inputs it uses for present value discounting included forward one-month LIBOR rates, risk-free interest rates and an estimate of credit risk. The fair value of the interest rate swaps at both June 30, 2016 and December 31, 2015 represents the unrealized loss of $0.6 million. Any adjustments to the fair value of the interest rate swaps are recorded in other income (expense) on the consolidated statements of operations. Net gain (loss) on interest rate swaps: For the Three Months Ended June 30, For the Six Months Ended June 30, 2016 2015 2016 2015 (in thousands) (in thousands) Realized loss $ — $ — $ — $ — Unrealized gain (loss) 30 116 (6 ) 123 Total net gain (loss) on interest rate swaps $ 30 $ 116 $ (6 ) $ 123 Fulghum’s subsidiary in Chile uses foreign currency economic hedges to offset the earnings impact that fluctuations in foreign currency exchange rates have on certain monetary liabilities (in this case, four loans) denominated in nonfunctional currencies. The changes in fair value of economic hedges used to offset the monetary liabilities are recognized into earnings in the line item other income - net in our consolidated statements of operations. In addition, we use foreign currency economic hedges to minimize the variability in cash flows associated with changes in foreign currency exchange rates. The total notional values of derivatives related to our foreign currency economic hedges were $11.1 million and $9.5 million as of June 30, 2016 and December 31, 2015, respectively. The currency swaps are accounted for as derivatives for accounting purposes. The currency swaps are deemed to be Level 2 financial instruments because the measurements are based on observable market data. The fair value of the currency derivatives is the difference between the contract values and the exchange rates at the end of the period. The fair value of the currency swaps at June 30, 2016 and December 31, 2015 represents the unrealized loss. For the Three Months Ended Jun 30, For the Six Months Ended Jun 30, 2016 2015 2016 2015 (in thousands) (in thousands) Realized loss $ — $ — $ — $ — Unrealized gain (loss) 4 (34 ) 352 (92 ) Total net gain (loss) on currency swaps $ 4 $ (34 ) $ 352 $ (92 ) The interest rate swaps are recorded in other current liabilities on the consolidated balance sheets. As of June 30, 2016 December 31, 2015 (in thousands) Interest rate swaps recorded in current liabilities: Gross amounts recognized $ (561 ) $ (555 ) Gross amounts offset in consolidated balance sheets — — Net amounts presented in the consolidated balance sheets $ (561 ) $ (555 ) The currency swaps are recorded in other current liabilities on the consolidated balance sheets. As of June 30, 2016 December 31, 2015 (in thousands) Currency swaps recorded in current liabilities: Gross amounts recognized $ (1,184 ) $ (1,536 ) Gross amounts offset in consolidated balance sheets — — Net amounts presented in the consolidated balance sheets $ (1,184 ) $ (1,536 ) The following table presents the financial instruments that were accounted for at fair value by level as of June 30, 2016: Level 1 Level 2 Level 3 (in thousands) Liabilities Interest rate swaps — 561 — Currency swaps — 1,184 — The following table presents the financial instruments that were accounted for at fair value by level as of December 31, 2015: Level 1 Level 2 Level 3 (in thousands) Liabilities Interest rate swaps — 555 — Currency swaps — 1,536 —

Inventories

Inventories	6 Months Ended
	Jun. 30, 2016
Inventory Disclosure [Abstract]
Inventories	Note 7 — Inventories Inventories consisted of the following: As of June 30, 2016 December 31, 2015 (in thousands) Finished goods $ 18,422 $ 12,970 Raw materials 10,565 10,801 Total inventory $ 28,987 $ 23,771 At June 30, 2016, the Company wrote down the value of its wood pellet inventory by $5.2 million to estimated net realizable value within its Wood Pellets: Industrial segment. For the six months ended June 30, 2016, the Company’s consolidated statements of operations include inventory write-downs from March 31, 2016 and June 30, 2016 that total $10.3 million. At June 30, 2015, the Company wrote down the value of its wood pellet inventory by $2.5 million to net realizable value within its Wood Pellets: Industrial segment. The write-downs were reflected in cost of goods sold.

Property, Plant and Equipment

Property, Plant and Equipment	6 Months Ended
	Jun. 30, 2016
Property Plant And Equipment [Abstract]
Property, Plant and Equipment	Note 8 — Property, Plant and Equipment Property, plant and equipment consisted of the following: As of June 30, 2016 December 31, 2015 (in thousands) Land and land improvements $ 7,035 $ 6,850 Buildings and building improvements 16,298 16,078 Machinery and equipment 244,866 233,560 Furniture, fixtures and office equipment 419 1,293 Computer equipment and computer software 5,741 5,732 Vehicles 8,289 7,120 Leasehold improvements 2,512 2,712 285,160 273,345 Less: Accumulated depreciation (42,355 ) (32,645 ) Total property, plant and equipment, net $ 242,805 $ 240,700 Construction in progress consisted of the following: As of June 30, 2016 December 31, 2015 (in thousands) Fulghum Fibres $ 473 $ 607 Atikokan Facility 823 215 Wawa Facility 4,975 2,170 Other 299 1,248 Total construction in progress $ 6,570 $ 4,240 The construction in progress balance includes no capitalized interest costs at June 30, 2016. Fulghum Fibres On April 8, 2016, Fulghum completed the sale of one of its mills in the United States and the customer took over operations of the mill. The mill was expected to be sold in the second quarter of 2016 and was classified as property held for sale on the Company’s consolidated balance sheet as of December 31, 2015. Since the carrying value was written down in 2015, an immaterial amount of loss was recognized upon the sale in 2016. Atikokan and Wawa The Company’s wood pellet facility in Atikokan, Ontario, Canada (the “Atikokan Facility”), which is expected to produce 110,000 metric tons of wood pellets annually, is in the ramp-up phase. During ramp-up of the Atikokan Facility, the Company discovered the need to modify or replace a portion of the plant’s conveyance systems. The first group of the faulty conveyors at the Atikokan Facility was modified at the end of 2015 and the conveyors’ performance is currently being evaluated as part of the plant’s operations. A second group of three conveyors is expected to be modified in September 2016. The remaining conveyor systems will continue to be monitored for issues through 2016 and will be scheduled for modification as necessary. The Atikokan Facility is expected to reach full capacity after all of necessary conveyor work is completed barring any other possible unforeseen issues that may arise during the ramp-up phase. The Company’s wood pellet facility in Wawa, Ontario, Canada (the “Wawa Facility”) is expected to produce 450,000 metric tons of wood pellets annually. All of the original installed equipment at the Wawa Facility has been commissioned and the plant has been producing wood pellets, but at rates below expectations. During the ramp-up of the Wawa Facility, the Company discovered the need to modify or replace a significant portion of the plant’s conveyance systems. The first phase of modifications of the plant’s conveyance systems was completed in late 2015. The remaining work to the conveyance systems is expected to be completed in the third quarter of 2016. In light of the production challenges the Company has experienced at the Wawa Facility, it is evaluating the production capacity of the plant. The Company is investigating whether there are potential design shortcomings similar to those that surfaced with the plant’s conveyance systems that might limit capacity. The Company is also evaluating uptime and operating efficiency rates achievable for full capacity. The Company’s discussions with other pellet producers and engineering firms over the past year have shown that there is a wide disparity of these rates across established industrial pellet manufacturing plants in North America. The Company’s focus at this time is on improving operations and various plant processes to achieve sustained operations. The Company believes it is premature to revise the capacity of the Wawa Facility until such time that it has fully tested the design assumptions of the major processes of the plant, remediated all of the material handling issues, and completed the ramp-up of the facility. However, if the Company applies a range of assumed operating efficiencies typical for the industry, the plant’s annual production capacity would be between 400,000 and 450,000 metric tons. The Company believes the low end of this capacity range would still allow it to fulfill its annual obligations under its contract with Drax Power Limited (“Drax”) and to generate positive cash flow. We have also observed that historically within the wood pellet industry that ramping up to full design capacity takes considerable time, several years in most cases. Taking into account the amount of time required to complete the repair and modification of the conveyance systems and to ramp up to design operating efficiency rates as historically observed in the wood pellet industry, the Company does not expect the Wawa Facility to reach full capacity until 2017. At June 30, 2016, remaining cash expenditures to complete the modifications to the Atikokan and Wawa Facilities are expected to be approximately $16.5 million, of which $5.6 million is recorded in accounts payable and accrued liabilities as of June 30, 2016. The Company expects that cash on hand will be sufficient to fund the Atikokan and Wawa Facilities until they have been ramped up to full production and later begin to generate positive cash flow. Corporate During the three months ended June 30, 2016, the Company wrote off computer software of $1.0 million, previously recorded in construction in progress, and leasehold improvements, furniture and office equipment totaling $0.4 million.

Debt and Preferred Stock

Debt and Preferred Stock	6 Months Ended
	Jun. 30, 2016
Debt Disclosure [Abstract]
Debt and Preferred Stock	Note 9 — Debt and Preferred Stock As of June 30, 2016, the Company was in compliance with its debt covenants. Total debt consisted of the following: As of June 30, 2016 December 31, 2015 (in thousands) QS Construction Facility (1) $ 20,967 $ 19,926 Fulghum debt 42,347 47,049 GSO Credit Agreement 52,250 95,000 NEWP debt 17,563 16,107 Total debt $ 133,127 $ 178,082 Less: Debt issuance costs (1,652 ) (2,002 ) Plus: Unamortized net premium (discount) (149 ) (68 ) Less: Current portion (17,018 ) (18,307 ) Less: Current portion unamortized net (premium) discount (295 ) (468 ) Plus: Current portion debt issuance costs 31 31 Long-term debt $ 114,044 $ 157,268 (1) The amount that the Company owes under the obligation is $14.3 million. On April 1, 2016, the Company acquired and cancelled all of the outstanding shares of Preferred Stock. See Note 1 — Basis of Presentation. The Preferred Stock was accounted for as mezzanine equity in the consolidated balance sheets. Dividends were recorded in the consolidated statements of stockholders’ equity and consisted of the 4.5% dividend plus the amortization of issuance costs and accretion of discount. Mezzanine equity consisted of the following: As of December 31, 2015 (in thousands) Original issue price of Preferred Stock $ 100,000 Less: Issuance costs (2,648 ) Less: Unamortized discount (1,512 ) Total mezzanine equity $ 95,840 Redemption of Preferred Stock and Reduction of Indebtedness (In Connection with the Merger) In connection with the consummation of the Merger, on April 1, 2016, the parties amended the GSO Credit Agreement pursuant to which Rentech Nitrogen Holdings, Inc. (“RNHI”), an indirect wholly-owned subsidiary of the Company, entered into the Second Amended and Restated Term Loan Credit Agreement among RNHI, certain funds managed by or affiliated with GSO Capital Partners LP, as lenders, and Credit Suisse AG, Cayman Islands Branch, as administrative agent (the “Agent”) and repaid approximately $41.7 million of term debt under the GSO Credit Agreement in exchange for approximately 5.4 million CVR Common Units received from the Merger valued at $45.0 million, based on the closing price of the CVR Common Units of $8.36 as of March 31, 2016. The difference between the fair value of the consideration transferred of $45.0 million and the repayment of principal of $41.7 million resulted in a loss on debt repayment of $3.3 million. Further, in connection with a waiver to the GSO Credit Agreement, in May 2016 the Company made a $1.0 million principal prepayment to the lenders under the GSO Credit Agreement, which permitted NEWP, a loan party, to increase the capacity of its revolving credit facility (as described below). The GSO Credit Agreement currently consists of a $52,250,000 term loan facility, which matures on April 9, 2019 and bears interest at a rate equal to the greater of (i) LIBOR plus 7.00% and (ii) 8.00% per annum (the “Loans”). RNHI’s obligations under the GSO Credit Agreement are guaranteed by the Company and the Company’s direct and indirect subsidiaries other than certain excluded subsidiaries (such subsidiaries guaranteeing obligations under the GSO Credit Agreement, the “Subsidiary Guarantors,” and together with the Company and RNHI, the “Loan Parties”). On April 1, 2016, the Company and the Subsidiary Guarantors entered into a Second Amended and Restated Guaranty Agreement (the “Guaranty Agreement”) in favor of the Agent. The Guaranty Agreement contains customary affirmative and negative covenants for the Company, the Subsidiary Guarantors and their respective subsidiaries, including, among others, certain reporting requirements to the Agent, payment of material obligations, compliance with laws, use of proceeds and limitations on the incurrence of indebtedness and liens, the sale of assets and the making of restricted payments by the Company and the Subsidiary Guarantors. Furthermore, the obligations under the GSO Credit Agreement and the guarantees are secured by a lien on substantially all of the Loan Parties’ tangible and intangible property, and by a pledge of all of the shares of stock and limited liability company interests owned by the Loan Parties, of which the Loan Parties now own or later acquire more than a 50% interest, subject to certain exceptions. The GSO Credit Agreement contains customary affirmative and negative covenants and events of default relating to the Loan Parties. The covenants and events of default include, among other things, a provision with respect to a change of control and limitations on the incurrence of indebtedness and liens, the sale of assets, and the making of restricted payments by the Loan Parties. In addition, upon the occurrence of an initial public offering of the wood pellets or wood fibre operations of the Company, the Company must make an offer to prepay the entire outstanding principal amount of the facility. The obligations of RNHI under the GSO Credit Agreement are also secured by 7,179,996 CVR Common Units owned by RNHI. Also in connection with the consummation of the Merger, on April 1, 2016, the Company and DSHC, LLC, a wholly owned subsidiary of the Company (“DSHC”), entered into the Preferred Equity Exchange and Discharge Agreement (the “Exchange Agreement”) with the GSO Funds and GSO Capital Partners LP, as the Holders’ Representative under the Exchange Agreement, pursuant to which the Company acquired and cancelled all 100,000 shares of Preferred Stock, from the GSO Funds in exchange for approximately 11.6 million CVR Common Units valued at $97.1 million, based on the closing price of the CVR Common Units of $8.36 as of March 31, 2016, $10.0 million in cash and the payment of all unpaid accrued and accumulated dividends of $1.5 million on the Preferred Stock through April 1, 2016. The difference between the fair value of the consideration transferred of $107.1 million and the carrying value of the Preferred Stock redeemed of $96.0 million resulted in a reduction to additional paid-in capital of $11.1 million, which is reflected in loss on redemption of preferred stock on the consolidated statement of operations. Modification of NEWP Revolving Credit Facility In May 2016, NEWP amended its revolving credit facility to increase available borrowings from $2.5 million to $6.0 million, and to permit a maximum borrowing of $7.0 million for a limited period between June 1, 2016 and September 30, 2016. As of June 30, 2016, there are outstanding borrowings of $2.9 million under this credit facility.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2016
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 10 — Commitments and Contingencies Contractual Obligations Wood Pellets On May 1, 2013, Rentech’s subsidiary that owns the Wawa Facility (the “Wawa Company”) entered into a ten-year take-or-pay contract (the “Drax Contract”) with Drax. Under the Drax Contract, the Wawa Company is required to sell to Drax the first 400,000 metric tons of wood pellets per year produced from the Wawa Facility. In the event that it does not deliver wood pellets as required under the Drax Contract, the Wawa Company is required to pay Drax an amount equal to the positive difference, if any, between the contract price for the wood pellets and the price of any wood pellets Drax purchases in replacement. Rentech has guaranteed the Wawa Company’s obligation in an amount not to exceed $20.0 million. The Drax Contract has been amended in order to adjust required delivery schedules to reflect expected delays in production at the Wawa Facility. The amendments resulted in certain contract adjustments, including cash payments to Drax, credits on deliveries in early 2016, and adding 36,000 metric tons of contracted deliveries in each of 2018 and 2019 at pricing levels contracted for 2015, which would be lower than the pricing levels for 2018-19 in the original contract. The Company has revised the delivery schedule with Drax for 2016 to be consistent with its current ramp-up expectations for the Wawa Facility. The revised schedule eliminates deliveries of wood pellets that would fill three vessels or approximately 144,000 metric tons. The Company will not incur any make-whole payments or other penalties to Drax associated with this revised 2016 delivery schedule. Rentech’s subsidiary that owns the Atikokan Facility entered into a ten-year take-or-pay contract (the “OPG Contract”) with Ontario Power Generation (“OPG”) under which such subsidiary is required to deliver 45,000 metric tons of wood pellets annually. OPG has the option to increase required delivery of wood pellets from the Atikokan Facility to up to 90,000 metric tons annually. A Rentech subsidiary has contracted with Canadian National Railway Company (the “Canadian National Contract”) for all rail transportation of wood pellets from the Atikokan Facility and the Wawa Facility to the Port of Quebec. The Atikokan Facility is located 1,300 track miles and the Wawa Facility is located 1,100 track miles from the Port of Quebec. Under the Canadian National Contract, such subsidiary has committed to transport a minimum of 3,600 rail carloads annually for the duration of the long-term contract. Delivery shortfalls would result in a penalty of $1,000 Canadian dollars per rail car. Due to issues discovered at the Wawa Facility, the Company did not fully meet its 2015 commitment under the Canadian National Contract. The resulting cash penalties are expected to be approximately $3.3 million (subject to adjustment based on Canadian currency exchange rates), which are to be paid in 2016 and 2017. In addition, the Company may incur additional carload shortfall penalties for 2016, which are not currently known, under the Canadian National Contract as a result of the continued delays in ramping up the Wawa Facility and the revised 2016 delivery scheduled to Drax. Litigation The Company is party to litigation from time to time in the normal course of business. The Company accrues liabilities related to litigation only when it concludes that it is probable that it will incur costs related to such litigation, and can reasonably estimate the amount of such costs. In cases where the Company determines that it is not probable, but reasonably possible that it has a material obligation, it discloses such obligations and the possible loss or range of loss, if such estimate can be made. The outcome of the Company’s current litigation matters is not estimable or probable. The Company maintains insurance to cover certain actions and believes that resolution of its current litigation matters will not have a material adverse effect on the Company’s financial statements. Litigation Relating to the Atikokan and Wawa Facilities In June of 2015, RDR Industrial Contractors, Inc. (“RDR”) recorded liens against both the Atikokan Facility and Wawa Facility. RDR performed work at both of the facilities as a subcontractor to Agrirecycle, Inc. (“Agrirecycle”) and asserted that Agrirecycle had failed to pay RDR according to the terms of its subcontract. In September of 2015, EAD Control Systems, Inc. (“EAD Controls”) similarly filed liens against both pellet facilities alleging Agrirecycle’s failure to pay EAD Controls for work performed at both facilities as a subcontractor to Agrirecycle. In October of 2015, Agrirecycle filed liens against both facilities asserting that (i) it had not been paid for services performed as subcontractor for EAD Engineering, Inc. (“EAD Engineering”) and (ii) it had not been paid for work performed under direct contracts with certain wholly owned subsidiaries of the Company (the “RTK Parties”). In order to perfect their liens, RDR, EAD Controls and Agrirecycle commenced separate causes of action in Ontario Superior Court naming the RTK Parties and the Company as defendants and seeking to recover over $5.1 million in the aggregate. Of this amount, approximately $2.9 million is attributable to claims for amounts allegedly due under contracts with the RTK Parties, whereas the remainder is attributable to amounts claimed by subcontractors against our direct contractors. In December of 2015 and January of 2016, the RTK Parties filed statements of defense denying the allegations set forth by RDR, EAD Controls and Agrirecycle and seeking over $40.2 million in the aggregate by way of counterclaims and cross-claims against EAD Engineering, EAD Controls, Agrirecycle and RDR for damages incurred due to defective engineering, design, equipment supply and construction at our pellet facilities, including the cost to remedy and replace defective work as well as penalties, schedule delays and lost profits. The Company will continue to vigorously defend itself against the allegations made by EAD Controls, Agrirecycle and RDR and vigorously pursue recovery from EAD Engineering, EAD Controls, Agrirecycle and RDR. Given that this litigation is in the pleadings stage and discovery has yet to begin, the Company is unable to estimate at this time the likelihood or the amount of any judgments which may be rendered either in favor of or against it or the RTK Parties. Regulation The Company’s business is subject to extensive and frequently changing federal, provincial, state and local, environmental, health and safety regulations governing a wide range of matters, including the emission of air pollutants, the release of hazardous substances into the environment, the treatment and discharge of waste water and the storage, handling, use and transportation of the Company’s products, wood fibre feedstock, and other substances that are part of our operations. These laws include the Clean Air Act (the “CAA”), the federal Water Pollution Control Act, the Resource Conservation and Recovery Act, the Comprehensive Environmental Response, Compensation and Liability Act, the Toxic Substances Control Act, and various other federal, provincial, state and local laws and regulations. The laws and regulations to which the Company is subject are complex, change frequently and have tended to become more stringent over time. The ultimate impact on the Company’s business of complying with existing laws and regulations is not always clearly known or determinable due in part to the fact that the Company’s operations may change over time and certain implementing regulations for laws, such as the CAA, have not yet been finalized, are under governmental or judicial review or are being revised. These laws and regulations could result in increased capital, operating and compliance costs.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2016
Income Tax Disclosure [Abstract]
Income Taxes	Note 11 — Income Taxes For the three months ended June 30, 2016, the Company recorded an income tax expense of $22.7 million, consisting of a $109.5 million income tax benefit in continuing operations and a $132.2 million income tax expense in discontinued operations. For the six months ended June 30, 2016, the Company recorded an income tax expense of $23.5 million, consisting of a $111.9 million income tax benefit in continuing operations and a $135.4 million income tax expense in discontinued operations. The allocation to discontinued operations was determined using the incremental method by subtracting the benefit that was generated from continuing operations from the provision for the Company as a whole. The Company’s effective income tax rate (income tax benefit as a percentage of loss from continuing operations before income taxes) was -349% for the six months ended June 30, 2016. The difference between the United States federal statutory rate of 35% and the effective rate primarily was attributable to the outside basis difference in foreign subsidiaries, impact of foreign earnings, impact of state taxes, utilization of net operating loss (“NOL”) carryforwards, research and development (“R&D”) credits and alternative minimum tax (“AMT”) credits. Due to the gain on sale of RNP during the three months ended June 30, 2016, the Company utilized all of the federal NOL carryforwards, R&D credits and AMT credit carryforwards. The Company released $79.5 million of valuation allowance and this resulted in a tax benefit for continuing operations. For state tax purposes, there are remaining deferred tax assets of $1.9 million for which the Company has considered results of operations and concluded that it is more likely than not that the state deferred tax assets will not be realized. For the three months ended June 30, 2015, the Company recorded an income tax expense of $0.6 million, consisting of a $4.1 million income tax expense in continuing operations and a $3.5 million income tax benefit in discontinued operations. For the six months ended June 30, 2015, the Company recorded an income tax expense of $2.3 million, consisting of a $2.3 million income tax expense in continuing operations. The allocation to discontinued operations was determined using the incremental method by subtracting the expense that was generated from continuing operations from the provision for the Company as a whole.

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2016
Segment Reporting [Abstract]
Segment Information	Note 12 — Segment Information The Company operates in three business segments, as described below. Results of the East Dubuque, Pasadena and the energy technologies segments are accounted for as discontinued operations for all periods presented. As of June 30, 2016, the Company’s three business segments are: · Fulghum Fibres — The operations of Fulghum, which provides wood yard operations services and wood fibre processing services, sells wood chips to the pulp, paper and packaging industry, and owns and manages forestland and sells bark to industrial consumers in South America. · Wood Pellets: Industrial — The operations of this segment include the Atikokan and Wawa Facilities, corporate allocations, and wood pellet development activities. The wood pellet development activities represent the Company’s personnel costs for employees dedicated to the wood pellet business infrastructure and administration costs, corporate allocations, expenses associated with the Company’s joint venture with Graanul Invest AS and third party costs. · Wood Pellets: NEWP — The operations of NEWP, which produces wood pellets for the residential and commercial heating markets. The segment includes Allegheny Pellet Corporation’s (“Allegheny”) operations from the closing date of its acquisition on January 23, 2015. The Company’s reportable operating segments have been determined in accordance with the Company’s internal management structure, which is organized based on operating activities. The Company evaluates performance based upon several factors, of which the primary financial measure is segment operating income. For the Three Months Ended June 30, For the Six Months Ended June 30, 2016 2015 2016 2015 (in thousands) Revenues Fulghum Fibres $ 20,829 $ 25,723 $ 48,265 $ 48,377 Wood Pellets: Industrial 6,538 2,544 16,399 4,208 Wood Pellets: NEWP 4,426 11,658 7,066 23,776 Total revenues $ 31,793 $ 39,925 $ 71,730 $ 76,361 Gross profit (loss) Fulghum Fibres $ 2,939 $ 4,278 $ 7,605 $ 7,985 Wood Pellets: Industrial (5,198 ) (3,058 ) (10,167 ) (3,462 ) Wood Pellets: NEWP 580 2,595 1,014 4,818 Total gross profit (loss) $ (1,679 ) $ 3,815 $ (1,548 ) $ 9,341 Selling, general and administrative expenses Fulghum Fibres $ 1,175 $ 947 $ 2,376 $ 2,629 Wood Pellets: Industrial 1,346 7,205 2,654 11,124 Wood Pellets: NEWP 499 718 1,060 1,422 Total segment selling, general and administrative expenses $ 3,020 $ 8,870 $ 6,090 $ 15,175 Depreciation and amortization Fulghum Fibres $ 289 $ 699 $ 830 $ 1,680 Wood Pellets: Industrial 53 39 100 82 Wood Pellets: NEWP 302 312 597 590 Total segment depreciation and amortization recorded in operating expenses 644 1,050 1,527 2,352 Fulghum Fibres 1,936 2,139 3,822 4,159 Wood Pellets: Industrial 2,116 600 5,110 1,003 Wood Pellets: NEWP 290 629 458 1,407 Total depreciation and amortization recorded in cost of sales 4,342 3,368 9,390 6,569 Total segment depreciation and amortization $ 4,986 $ 4,418 $ 10,917 $ 8,921 Other operating expenses Fulghum Fibres $ 229 $ 3 229 $ 3 Wood Pellets: Industrial — — — — Wood Pellets: NEWP — — 12 — Total segment other operating expenses $ 229 $ 3 $ 241 $ 3 Operating income (loss) Fulghum Fibres $ 1,247 $ 2,630 $ 4,170 $ 3,673 Wood Pellets: Industrial (6,596 ) (10,301 ) (12,920 ) (14,668 ) Wood Pellets: NEWP (221 ) 1,565 (655 ) 2,806 Total segment operating loss $ (5,570 ) $ (6,106 ) $ (9,405 ) $ (8,189 ) Interest expense Fulghum Fibres $ 576 $ 580 $ 1,147 $ 1,119 Wood Pellets: Industrial 407 400 845 516 Wood Pellets: NEWP 151 150 292 290 Total segment interest expense $ 1,134 $ 1,130 $ 2,284 $ 1,925 Net income (loss) Fulghum Fibres $ 521 $ 3,057 $ 2,174 $ 1,965 Wood Pellets: Industrial (7,015 ) (10,699 ) (13,753 ) (15,378 ) Wood Pellets: NEWP (313 ) 1,538 (868 ) 2,680 Total segment net loss $ (6,807 ) $ (6,104 ) $ (12,447 ) $ (10,733 ) Reconciliation of segment net loss to consolidated net income (loss): Segment net loss $ (6,807 ) $ (6,104 ) $ (12,447 ) $ (10,733 ) Corporate and unallocated expenses recorded as selling, general and administrative expenses (4,720 ) (5,318 ) (10,765 ) (9,979 ) Corporate and unallocated depreciation and amortization expense (131 ) (139 ) (256 ) (282 ) Corporate and unallocated income (expenses) recorded as other income (expense) (4,727 ) — (4,723 ) 3 Corporate and unallocated interest expense (1,375 ) (1,494 ) (3,798 ) (1,588 ) Corporate income tax benefit (expense) 109,932 (3,523 ) 113,133 (38 ) Equity in loss of CVR (1) (1,329 ) — (1,329 ) — Income (loss) from discontinued operations, net of tax (2) 226,640 (62,133 ) 232,214 (56,048 ) Consolidated net income (loss) $ 317,483 $ (78,711 ) $ 312,029 $ (78,665 ) (1) For the three and six months ended June 30, 2016, equity in loss of investee includes $1.3 million, which includes the Company’s proportionate share of loss from its investment in CVR and amortization of the basis differences. (2) For the three and six months ended June 30, 2016, income from discontinued operations, net of tax includes $358.6 million, which is the Company’s proportionate share of the book gain on sale of RNP. As of June 30, 2016 December 31, 2015 (in thousands) Total assets Fulghum Fibres $ 174,758 $ 179,327 Wood Pellets: Industrial 152,022 142,887 Wood Pellets: NEWP 63,982 62,709 Total segment assets $ 390,762 $ 384,923 Reconciliation of segment total assets to consolidated total assets: Segment total assets $ 390,762 $ 384,923 Corporate and other 98,655 16,447 Discontinued operations 86 248,921 Consolidated total assets $ 489,503 $ 650,291 As of June 30, 2016 December 31, 2015 (in thousands) Total goodwill Fulghum Fibres $ 29,932 $ 29,932 Wood Pellets: NEWP 10,323 10,323 Total goodwill $ 40,255 $ 40,255 For the Six Months Ended June 30, 2016 2015 (in thousands) Capital expenditures Fulghum Fibres $ 3,921 $ 6,963 Wood Pellets: Industrial 2,885 23,005 Wood Pellets: NEWP 359 631 Corporate and other 551 621 Discontinued operations 11,075 16,359 Total capital expenditures $ 18,791 $ 47,579 The Company’s revenues by geographic area, based on where the customer takes title to the product, were as follows: For the Three Months Ended June 30, For the Six Months Ended June 30, 2016 2015 2016 2015 (in thousands) United States $ 16,822 $ 26,425 $ 33,150 $ 52,064 Canada 6,538 2,544 16,399 4,208 Other 8,433 10,956 22,181 20,089 Total revenues $ 31,793 $ 39,925 $ 71,730 $ 76,361 The following table sets forth assets by geographic area: As of June 30, 2016 December 31, 2015 (in thousands) United States - Continuing Operations $ 295,330 $ 216,472 Canada 152,001 142,866 Other 42,086 42,032 Total assets - Continuing Operations 489,417 401,370 United States - Discontinued Operations 86 248,921 Total assets $ 489,503 $ 650,291

Net Income (Loss) Per Common Sh

Net Income (Loss) Per Common Share Allocated to Rentech	6 Months Ended
	Jun. 30, 2016
Earnings Per Share [Abstract]
Net Income (Loss) Per Common Share Allocated to Rentech	Note 13 — Net Income (Loss) Per Common Share Allocated to Rentech Basic income (loss) per common share allocated to Rentech is calculated by dividing net income (loss) allocated to Rentech by the weighted average number of common shares outstanding for the period. Diluted net income (loss) per common share allocated to Rentech is calculated by dividing net income (loss) allocated to Rentech by the weighted average number of common shares outstanding plus the dilutive effect, calculated using (i) the “treasury stock” method for the unvested restricted stock units, outstanding stock options and warrants and (ii) the “if converted” method for the preferred stock if its inclusion would not have been anti-dilutive. The Company's policy is to only allocate earnings to participating securities for continuing operations, discontinued operations and in total during periods in which income is reported. For the Three Months Ended June 30, For the Six Months Ended June 30, 2016 2015 2016 2015 (in thousands, except for per share data) Numerator: Income (loss) from continuing operations $ 90,843 $ (16,578 ) $ 79,815 $ (22,617 ) Less: Loss on redemption of preferred stock (11,049 ) — (11,049 ) — Less: Preferred stock dividends — (1,320 ) (1,320 ) (2,640 ) Less: Income from continuing operations attributable to noncontrolling interests (41 ) (34 ) (225 ) (105 ) Less: Income from continuing operations allocated to participating securities (1,987 ) — (1,740 ) — Income (loss) from continuing operations allocated to common shareholders $ 77,766 $ (17,932 ) $ 65,481 $ (25,362 ) Numerator: Income (loss) from discontinued operations $ 226,640 $ (62,133 ) $ 232,214 $ (56,048 ) Less: (Income) loss from discontinued operations attributable to noncontrolling interests (116 ) 26,651 (3,338 ) 23,047 Less: Income from discontinued operations allocated to participating securities (5,644 ) — (5,926 ) — Income (loss) from discontinued operations allocated to common shareholders $ 220,880 $ (35,482 ) $ 222,950 $ (33,001 ) Numerator: Net income (loss) attributable to Rentech common shareholders $ 306,277 $ (53,414 ) $ 296,097 $ (58,363 ) Less: Income allocated to participating securities (7,631 ) — (7,666 ) — Net income (loss) allocated to common shareholders $ 298,646 $ (53,414 ) $ 288,431 $ (58,363 ) Denominator: Weighted average common shares outstanding 23,067 22,965 23,051 22,951 Effect of dilutive securities: Preferred stock — — — — Warrants — — — — Common stock options — — — — Restricted stock 257 — 217 — Diluted shares outstanding 23,324 22,965 23,268 22,951 Basic: Continuing operations $ 3.37 $ (0.78 ) $ 2.84 $ (1.11 ) Discontinued operations $ 9.58 $ (1.55 ) $ 9.67 $ (1.44 ) Net income (loss) per common share $ 12.95 $ (2.33 ) $ 12.51 $ (2.54 ) Diluted: Continuing operations $ 3.33 $ (0.78 ) $ 2.81 $ (1.11 ) Discontinued operations $ 9.47 $ (1.55 ) $ 9.58 $ (1.44 ) Net income (loss) per common share $ 12.80 $ (2.33 ) $ 12.40 $ (2.54 ) For the three and six months ended June 30, 2016, 1.2 million shares of Common Stock issuable pursuant to stock options, stock warrants and restricted stock units were excluded from the calculation of diluted income per share because their inclusion would have been anti-dilutive. For the three and six months ended June 30, 2015, 5.9 million shares of Common Stock issuable pursuant to stock options, stock warrants, restricted stock units and preferred stock were excluded from the calculation of diluted loss per share because their inclusion would have been anti-dilutive.

Basis of Presentation (Policies

Basis of Presentation (Policies)	6 Months Ended
	Jun. 30, 2016
Accounting Policies [Abstract]
Basis of presentation	The accompanying unaudited consolidated financial statements of Rentech, Inc. (“Rentech”) and its consolidated subsidiaries (collectively, the “Company”) have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and in compliance with the instructions to Form 10-Q and Article 10 of Regulation S-X. Neither authority requires all of the information and footnotes required by GAAP for complete financial statements. Accordingly, the accompanying financial statements do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, the unaudited consolidated financial statements reflect all adjustments, consisting only of normal recurring adjustments, considered necessary for a fair statement of the Company’s financial position as of June 30, 2016, and the results of operations and cash flows for the periods presented. The accompanying consolidated financial statements include the accounts of Rentech, its wholly owned subsidiaries and all subsidiaries in which Rentech directly or indirectly owns a controlling financial interest. All intercompany accounts and transactions have been eliminated in consolidation. Operating results for the three and six months ended June 30, 2016 are not necessarily indicative of the results that may be expected for the year ending December 31, 2016 or any other reporting period. The information included in this Form 10-Q should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2015 filed with the Securities and Exchange Commission (the “SEC”) on March 15, 2016 (the “Annual Report”). The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities as of the date of the consolidated financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (the “FASB”) issued guidance that will significantly enhance comparability of revenue recognition practices across entities, industries, jurisdictions, and capital markets. In August 2015, the FASB approved a one-year deferral of the effective date making the guidance effective for interim and annual reporting periods beginning after December 15, 2017. In addition, the FASB will continue to permit entities to early adopt the guidance for annual periods beginning on or after December 15, 2016. The Company is evaluating the provisions of this guidance and the potential impact, if any, on its consolidated financial position, results of operations and disclosures. In June 2014, the FASB issued guidance on accounting for share-based payments when the terms of an award provide that a performance target could be achieved after the requisite service period. This guidance is effective for fiscal years, and interim periods within those years, beginning after December 15, 2015. The adoption of this guidance did not have any impact on the Company’s consolidated financial position, results of operations and disclosures. In August 2014, the FASB issued guidance on presentation of financial statements — going concern, which applies to all companies. It requires management to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the entity’s ability to continue as a going concern within one year after the date that the financial statements are issued. This guidance is effective for the annual period ending after December 15, 2016, and for annual periods and interim periods thereafter. The Company is evaluating the provisions of this guidance and the potential impact, if any, on its consolidated financial position, results of operations and disclosure. In November 2014, the FASB issued guidance on hybrid financial instruments. The guidance does not change the current criteria for determining when separation of certain embedded derivative features in a hybrid financial instrument is required. The guidance clarifies that an entity should consider all relevant terms and features, including the embedded derivative feature being evaluated for bifurcation, in evaluating the nature of the host contract. This guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015. The adoption of this guidance did not have any impact on the Company’s consolidated financial position, results of operations and disclosures. In January 2015, the FASB issued guidance that eliminates the concept of extraordinary items. This guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015. The Company has not historically reported any extraordinary items. The adoption of this guidance did not have any impact on the Company’s consolidated financial position, results of operations and disclosures. In February 2015, the FASB issued guidance that changes the analysis that a reporting entity must perform to determine whether it should consolidate certain types of legal entities. This guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015. The adoption of this guidance did not have any impact on the Company’s consolidated financial position, results of operations and disclosures. In April 2015, the FASB issued guidance that will help entities evaluate the accounting for fees paid by a customer in a cloud computing arrangement. If a cloud computing arrangement includes a software license, then the customer should account for the software license element of the arrangement consistent with the acquisition of other software licenses. If a cloud computing arrangement does not include a software license, the customer should account for the arrangement as a service contract. This guidance is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2015. The Company adopted the provisions of this guidance in the first quarter of 2016 and applied the provisions prospectively. The adoption of this guidance did not have an impact on the Company’s consolidated financial position, results of operations and disclosures. In July 2015, the FASB issued guidance that replaces the current lower of cost or market method of measurement for inventory with a lower of cost and net realizable value measurement. This guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2016. The Company does not expect the adoption of this guidance to have a material impact on its consolidated financial position, results of operations or disclosures. In September 2015, the FASB issued guidance that simplifies the accounting for adjustments made to provisional amounts recognized in a business combination by requiring the acquirer to (i) recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amount is determined, (ii) record, in the same period, the effect on earnings of changes in depreciation, amortization, or other income effects, if any, as a result of the change to the provisional amounts, calculated as if the accounting had been completed at the acquisition date, and (iii) present separately on the face of the income statement or disclose in the notes to the financial statements the portion of the amount recorded in current-period earnings by line item that would have been recorded in previous reporting periods if the adjustment to the provisional amounts had been recognized as of the acquisition date. In February 2016, the FASB issued an update to its guidance on lease accounting. This update revises accounting for operating leases by a lessee, among other changes, and requires a lessee to recognize a liability to make lease payments and an asset representing its right to use the underlying asset for the lease term in the balance sheet. The distinction between finance and operating leases has not significantly changed and the update does not significantly change the effect of finance and operating leases on the statement of operations. The new guidance is effective for the first interim and annual periods beginning after December 15, 2018, with early adoption permitted. At adoption, this update will be applied using a modified retrospective approach. The Company is currently assessing the impact of adoption of this standard on our consolidated financial statements. In March 2016, the FASB issued guidance that requires that embedded derivatives be separated from the host contract and accounted for separately as derivatives if certain conditions are met. This guidance is effective for fiscal years, and interim periods within those years, beginning after December 15, 2016. The Company is evaluating the provisions of this guidance and the potential impact, if any, on its consolidated financial position, results of operations and disclosure.

Discontinued Operations (Tables

Discontinued Operations (Tables)	6 Months Ended
	Jun. 30, 2016
Discontinued Operations And Disposal Groups [Abstract]
Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures	The following table summarizes the components of assets and liabilities of discontinued operations. As of June 30, 2016 Energy Technologies (in thousands) Prepaid expenses and other current assets $ 76 Total current assets $ 76 Other assets $ 10 Total other assets $ 10 Total assets $ 86 Accounts payable $ 150 Accrued liabilities 1,215 Total current liabilities $ 1,365 Total long-term liabilities $ — Total liabilities $ 1,365 As of December 31, 2015 RNP Energy Technologies Total (in thousands) Cash $ 15,822 $ — $ 15,822 Accounts receivable 11,451 — 11,451 Inventories 30,354 — 30,354 Prepaid expenses and other current assets 5,747 106 5,853 Other receivables 374 — 374 Total current assets $ 63,748 $ 106 $ 63,854 Property held for sale $ 159,596 $ 1,678 $ 161,274 Construction in progress 23,712 — 23,712 Other assets 71 10 81 Total other assets $ 183,379 $ 1,688 $ 185,067 Total assets $ 247,127 $ 1,794 $ 248,921 Accounts payable $ 12,022 $ 498 $ 12,520 Accrued payroll and benefits 5,746 4 5,750 Accrued liabilities 13,694 455 14,149 Deferred revenues 16,983 — 16,983 Accrued interest 4,650 — 4,650 Total current liabilities $ 53,095 $ 957 $ 54,052 Debt $ 347,574 $ — $ 347,574 Asset retirement obligation 4,498 — 4,498 Other 2,092 — 2,092 Total long-term liabilities $ 354,164 $ — $ 354,164 Total liabilities $ 407,259 $ 957 $ 408,216 The following table summarizes the results of discontinued operations. For the Three Months Ended June 30, 2016 RNP Energy Technologies Total (in thousands) Revenues $ — $ — $ — Cost of sales — — — Gross profit — — — Operating income, excluding gain (loss) on sale — 346 346 Gain (loss) on sale 358,324 (172 ) 358,152 Other income, net 290 8 298 Income before income taxes 358,614 182 358,796 Income tax expense 132,102 54 132,156 Net income 226,512 128 226,640 Net income attributable to noncontrolling interests 116 — 116 Net income attributable to Rentech common shareholders $ 226,396 $ 128 $ 226,524 Net income attributable to Rentech common shareholders $ 226,396 $ 128 $ 226,524 Net income attributable to noncontrolling interests 116 — 116 Income from discontinued operations, net of tax $ 226,512 $ 128 $ 226,640 For the Three Months Ended June 30, 2015 RNP Energy Technologies Total (in thousands) Revenues $ 109,852 $ — $ 109,852 Cost of sales 65,127 — 65,127 Gross profit 44,725 — 44,725 Operating loss (61,278 ) (232 ) (61,510 ) Other expenses, net (4,135 ) — (4,135 ) Loss before income taxes (65,413 ) (232 ) (65,645 ) Income tax (benefit) expense (3,566 ) 54 (3,512 ) Net loss (61,847 ) (286 ) (62,133 ) Net loss attributable to noncontrolling interests (26,651 ) — (26,651 ) Net loss attributable to Rentech common shareholders $ (35,196 ) $ (286 ) $ (35,482 ) Net loss attributable to Rentech common shareholders $ (35,196 ) $ (286 ) $ (35,482 ) Net loss attributable to noncontrolling interests (26,651 ) — (26,651 ) Loss from discontinued operations, net of tax $ (61,847 ) $ (286 ) $ (62,133 ) For the Six Months Ended June RNP Energy Technologies Total (in thousands) Revenues $ 54,347 $ — $ 54,347 Cost of sales 34,696 — 34,696 Gross profit 19,651 — 19,651 Operating income, excluding gain (loss) on sale 15,056 883 15,939 Gain (loss) on sale 357,510 (546 ) 356,964 Other expenses, net (5,259 ) (42 ) (5,301 ) Income before income taxes 367,307 295 367,602 Income tax expense 135,293 95 135,388 Net income 232,014 200 232,214 Net income attributable to noncontrolling interests 3,338 — 3,338 Net income attributable to Rentech common shareholders $ 228,676 $ 200 $ 228,876 Net income attributable to Rentech common shareholders $ 228,676 $ 200 $ 228,876 Net income attributable to noncontrolling interests 3,338 — 3,338 Income from discontinued operations, net of tax $ 232,014 $ 200 $ 232,214 For the Six Months Ended June RNP Energy Technologies Total (in thousands) Revenues $ 179,027 $ 56 $ 179,083 Cost of sales 115,518 50 115,568 Gross profit 63,509 6 63,515 Operating loss (46,456 ) (379 ) (46,835 ) Other expenses, net (9,166 ) — (9,166 ) Loss before income taxes (55,622 ) (379 ) (56,001 ) Income tax expense 47 — 47 Net loss (55,669 ) (379 ) (56,048 ) Net loss attributable to noncontrolling interests (23,047 ) — (23,047 ) Net loss attributable to Rentech common shareholders $ (32,622 ) $ (379 ) $ (33,001 ) Net loss attributable to Rentech common shareholders $ (32,622 ) $ (379 ) $ (33,001 ) Net loss attributable to noncontrolling interests (23,047 ) — (23,047 ) Loss from discontinued operations, net of tax $ (55,669 ) $ (379 ) $ (56,048 )

Fair Value (Tables)

Fair Value (Tables)	6 Months Ended
	Jun. 30, 2016
Fair Value Disclosures [Abstract]
Fair Value Disclosure	The following table presents the financial instruments that were accounted for at fair value by level as of June 30, 2016 and December 31, 2015. Level 1 Level 2 Level 3 (in thousands) Liabilities Earn-out consideration - June 30, 2016 $ — $ — $ 933 Earn-out consideration - December 31, 2015 — — 871
Fair Value and Carrying Value of Borrowings and Interest Rate Swaps	The following table presents the fair value and carrying value of the Company’s borrowings as of June 30, 2016. Fair Value Carrying Level 1 Level 2 Level 3 Value (in thousands) Liabilities Fulghum debt $ — $ 41,724 $ — $ 43,211 NEWP debt — 17,521 — 17,618 GSO Credit Agreement — 52,250 — 49,530 The following table presents the fair value and carrying value of the Company’s borrowings as of December 31, 2015. Fair Value Carrying Level 1 Level 2 Level 3 Value (in thousands) Liabilities Fulghum debt $ — $ 46,840 $ — $ 48,150 NEWP debt — 15,964 — 16,203 GSO Credit Agreement — 95,000 — 91,733
Reconciliation of the Change in the Carrying Value of Earn-out Consideration	A reconciliation of the change in the carrying value of the earn-out consideration during 2016 is as follows: Atikokan (in thousands) Balance at December 31, 2015 $ 871 Add: Unrealized loss on foreign currency translation 62 Balance at June 30, 2016 $ 933 A reconciliation of the change in the carrying value of the earn-out consideration during 2015 is as follows: Atikokan NEWP Total (in thousands) Balance at December 31, 2014 $ 1,295 $ 5,000 $ 6,295 Less: Earn-out consideration payment — (5,000 ) (5,000 ) Less: Unrealized gain (396 ) — (396 ) Less: Unrealized gain on foreign currency translation (81 ) — (81 ) Balance at June 30, 2015 $ 818 $ — $ 818

Derivative Instruments (Tables)

Derivative Instruments (Tables)	6 Months Ended
	Jun. 30, 2016
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Net Gain (Loss) on Interest Rate Swaps and Currency Swap	Net gain (loss) on interest rate swaps: For the Three Months Ended June 30, For the Six Months Ended June 30, 2016 2015 2016 2015 (in thousands) (in thousands) Realized loss $ — $ — $ — $ — Unrealized gain (loss) 30 116 (6 ) 123 Total net gain (loss) on interest rate swaps $ 30 $ 116 $ (6 ) $ 123 The fair value of the currency swaps at June 30, 2016 and December 31, 2015 represents the unrealized loss. For the Three Months Ended Jun 30, For the Six Months Ended Jun 30, 2016 2015 2016 2015 (in thousands) (in thousands) Realized loss $ — $ — $ — $ — Unrealized gain (loss) 4 (34 ) 352 (92 ) Total net gain (loss) on currency swaps $ 4 $ (34 ) $ 352 $ (92 )
Interest Rate Swaps and Currency Swaps, Recorded in Other Current Liabilities	The interest rate swaps are recorded in other current liabilities on the consolidated balance sheets. As of June 30, 2016 December 31, 2015 (in thousands) Interest rate swaps recorded in current liabilities: Gross amounts recognized $ (561 ) $ (555 ) Gross amounts offset in consolidated balance sheets — — Net amounts presented in the consolidated balance sheets $ (561 ) $ (555 ) The currency swaps are recorded in other current liabilities on the consolidated balance sheets. As of June 30, 2016 December 31, 2015 (in thousands) Currency swaps recorded in current liabilities: Gross amounts recognized $ (1,184 ) $ (1,536 ) Gross amounts offset in consolidated balance sheets — — Net amounts presented in the consolidated balance sheets $ (1,184 ) $ (1,536 )
Schedule of Financial Instruments at Fair Value	The following table presents the financial instruments that were accounted for at fair value by level as of June 30, 2016: Level 1 Level 2 Level 3 (in thousands) Liabilities Interest rate swaps — 561 — Currency swaps — 1,184 — The following table presents the financial instruments that were accounted for at fair value by level as of December 31, 2015: Level 1 Level 2 Level 3 (in thousands) Liabilities Interest rate swaps — 555 — Currency swaps — 1,536 —

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jun. 30, 2016
Inventory Disclosure [Abstract]
Inventories	Inventories consisted of the following: As of June 30, 2016 December 31, 2015 (in thousands) Finished goods $ 18,422 $ 12,970 Raw materials 10,565 10,801 Total inventory $ 28,987 $ 23,771

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	6 Months Ended
	Jun. 30, 2016
Property Plant And Equipment [Abstract]
Property, Plant and Equipment	Property, plant and equipment consisted of the following: As of June 30, 2016 December 31, 2015 (in thousands) Land and land improvements $ 7,035 $ 6,850 Buildings and building improvements 16,298 16,078 Machinery and equipment 244,866 233,560 Furniture, fixtures and office equipment 419 1,293 Computer equipment and computer software 5,741 5,732 Vehicles 8,289 7,120 Leasehold improvements 2,512 2,712 285,160 273,345 Less: Accumulated depreciation (42,355 ) (32,645 ) Total property, plant and equipment, net $ 242,805 $ 240,700
Schedule Of Construction In Progress	Construction in progress consisted of the following: As of June 30, 2016 December 31, 2015 (in thousands) Fulghum Fibres $ 473 $ 607 Atikokan Facility 823 215 Wawa Facility 4,975 2,170 Other 299 1,248 Total construction in progress $ 6,570 $ 4,240

Debt and Preferred Stock (Table

Debt and Preferred Stock (Tables)	6 Months Ended
	Jun. 30, 2016
Debt Disclosure [Abstract]
Summary of Total Debt	As of June 30, 2016, the Company was in compliance with its debt covenants. Total debt consisted of the following: As of June 30, 2016 December 31, 2015 (in thousands) QS Construction Facility (1) $ 20,967 $ 19,926 Fulghum debt 42,347 47,049 GSO Credit Agreement 52,250 95,000 NEWP debt 17,563 16,107 Total debt $ 133,127 $ 178,082 Less: Debt issuance costs (1,652 ) (2,002 ) Plus: Unamortized net premium (discount) (149 ) (68 ) Less: Current portion (17,018 ) (18,307 ) Less: Current portion unamortized net (premium) discount (295 ) (468 ) Plus: Current portion debt issuance costs 31 31 Long-term debt $ 114,044 $ 157,268 (1) The amount that the Company owes under the obligation is $14.3 million.
Schedule of Mezzanine Equity	Mezzanine equity consisted of the following: As of December 31, 2015 (in thousands) Original issue price of Preferred Stock $ 100,000 Less: Issuance costs (2,648 ) Less: Unamortized discount (1,512 ) Total mezzanine equity $ 95,840

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2016
Segment Reporting [Abstract]
Segment Information	The Company’s reportable operating segments have been determined in accordance with the Company’s internal management structure, which is organized based on operating activities. The Company evaluates performance based upon several factors, of which the primary financial measure is segment operating income. For the Three Months Ended June 30, For the Six Months Ended June 30, 2016 2015 2016 2015 (in thousands) Revenues Fulghum Fibres $ 20,829 $ 25,723 $ 48,265 $ 48,377 Wood Pellets: Industrial 6,538 2,544 16,399 4,208 Wood Pellets: NEWP 4,426 11,658 7,066 23,776 Total revenues $ 31,793 $ 39,925 $ 71,730 $ 76,361 Gross profit (loss) Fulghum Fibres $ 2,939 $ 4,278 $ 7,605 $ 7,985 Wood Pellets: Industrial (5,198 ) (3,058 ) (10,167 ) (3,462 ) Wood Pellets: NEWP 580 2,595 1,014 4,818 Total gross profit (loss) $ (1,679 ) $ 3,815 $ (1,548 ) $ 9,341 Selling, general and administrative expenses Fulghum Fibres $ 1,175 $ 947 $ 2,376 $ 2,629 Wood Pellets: Industrial 1,346 7,205 2,654 11,124 Wood Pellets: NEWP 499 718 1,060 1,422 Total segment selling, general and administrative expenses $ 3,020 $ 8,870 $ 6,090 $ 15,175 Depreciation and amortization Fulghum Fibres $ 289 $ 699 $ 830 $ 1,680 Wood Pellets: Industrial 53 39 100 82 Wood Pellets: NEWP 302 312 597 590 Total segment depreciation and amortization recorded in operating expenses 644 1,050 1,527 2,352 Fulghum Fibres 1,936 2,139 3,822 4,159 Wood Pellets: Industrial 2,116 600 5,110 1,003 Wood Pellets: NEWP 290 629 458 1,407 Total depreciation and amortization recorded in cost of sales 4,342 3,368 9,390 6,569 Total segment depreciation and amortization $ 4,986 $ 4,418 $ 10,917 $ 8,921 Other operating expenses Fulghum Fibres $ 229 $ 3 229 $ 3 Wood Pellets: Industrial — — — — Wood Pellets: NEWP — — 12 — Total segment other operating expenses $ 229 $ 3 $ 241 $ 3 Operating income (loss) Fulghum Fibres $ 1,247 $ 2,630 $ 4,170 $ 3,673 Wood Pellets: Industrial (6,596 ) (10,301 ) (12,920 ) (14,668 ) Wood Pellets: NEWP (221 ) 1,565 (655 ) 2,806 Total segment operating loss $ (5,570 ) $ (6,106 ) $ (9,405 ) $ (8,189 ) Interest expense Fulghum Fibres $ 576 $ 580 $ 1,147 $ 1,119 Wood Pellets: Industrial 407 400 845 516 Wood Pellets: NEWP 151 150 292 290 Total segment interest expense $ 1,134 $ 1,130 $ 2,284 $ 1,925 Net income (loss) Fulghum Fibres $ 521 $ 3,057 $ 2,174 $ 1,965 Wood Pellets: Industrial (7,015 ) (10,699 ) (13,753 ) (15,378 ) Wood Pellets: NEWP (313 ) 1,538 (868 ) 2,680 Total segment net loss $ (6,807 ) $ (6,104 ) $ (12,447 ) $ (10,733 ) Reconciliation of segment net loss to consolidated net income (loss): Segment net loss $ (6,807 ) $ (6,104 ) $ (12,447 ) $ (10,733 ) Corporate and unallocated expenses recorded as selling, general and administrative expenses (4,720 ) (5,318 ) (10,765 ) (9,979 ) Corporate and unallocated depreciation and amortization expense (131 ) (139 ) (256 ) (282 ) Corporate and unallocated income (expenses) recorded as other income (expense) (4,727 ) — (4,723 ) 3 Corporate and unallocated interest expense (1,375 ) (1,494 ) (3,798 ) (1,588 ) Corporate income tax benefit (expense) 109,932 (3,523 ) 113,133 (38 ) Equity in loss of CVR (1) (1,329 ) — (1,329 ) — Income (loss) from discontinued operations, net of tax (2) 226,640 (62,133 ) 232,214 (56,048 ) Consolidated net income (loss) $ 317,483 $ (78,711 ) $ 312,029 $ (78,665 ) (1) For the three and six months ended June 30, 2016, equity in loss of investee includes $1.3 million, which includes the Company’s proportionate share of loss from its investment in CVR and amortization of the basis differences. (2) For the three and six months ended June 30, 2016, income from discontinued operations, net of tax includes $358.6 million, which is the Company’s proportionate share of the book gain on sale of RNP. As of June 30, 2016 December 31, 2015 (in thousands) Total assets Fulghum Fibres $ 174,758 $ 179,327 Wood Pellets: Industrial 152,022 142,887 Wood Pellets: NEWP 63,982 62,709 Total segment assets $ 390,762 $ 384,923 Reconciliation of segment total assets to consolidated total assets: Segment total assets $ 390,762 $ 384,923 Corporate and other 98,655 16,447 Discontinued operations 86 248,921 Consolidated total assets $ 489,503 $ 650,291 As of June 30, 2016 December 31, 2015 (in thousands) Total goodwill Fulghum Fibres $ 29,932 $ 29,932 Wood Pellets: NEWP 10,323 10,323 Total goodwill $ 40,255 $ 40,255 For the Six Months Ended June 30, 2016 2015 (in thousands) Capital expenditures Fulghum Fibres $ 3,921 $ 6,963 Wood Pellets: Industrial 2,885 23,005 Wood Pellets: NEWP 359 631 Corporate and other 551 621 Discontinued operations 11,075 16,359 Total capital expenditures $ 18,791 $ 47,579
Summary of Revenues by Geographic Area	The Company’s revenues by geographic area, based on where the customer takes title to the product, were as follows: For the Three Months Ended June 30, For the Six Months Ended June 30, 2016 2015 2016 2015 (in thousands) United States $ 16,822 $ 26,425 $ 33,150 $ 52,064 Canada 6,538 2,544 16,399 4,208 Other 8,433 10,956 22,181 20,089 Total revenues $ 31,793 $ 39,925 $ 71,730 $ 76,361
Summary of Assets by Geographic Area	The following table sets forth assets by geographic area: As of June 30, 2016 December 31, 2015 (in thousands) United States - Continuing Operations $ 295,330 $ 216,472 Canada 152,001 142,866 Other 42,086 42,032 Total assets - Continuing Operations 489,417 401,370 United States - Discontinued Operations 86 248,921 Total assets $ 489,503 $ 650,291

Net Income (Loss) Per Common 29

Net Income (Loss) Per Common Share Allocated to Rentech (Tables)	6 Months Ended
	Jun. 30, 2016
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	For the Three Months Ended June 30, For the Six Months Ended June 30, 2016 2015 2016 2015 (in thousands, except for per share data) Numerator: Income (loss) from continuing operations $ 90,843 $ (16,578 ) $ 79,815 $ (22,617 ) Less: Loss on redemption of preferred stock (11,049 ) — (11,049 ) — Less: Preferred stock dividends — (1,320 ) (1,320 ) (2,640 ) Less: Income from continuing operations attributable to noncontrolling interests (41 ) (34 ) (225 ) (105 ) Less: Income from continuing operations allocated to participating securities (1,987 ) — (1,740 ) — Income (loss) from continuing operations allocated to common shareholders $ 77,766 $ (17,932 ) $ 65,481 $ (25,362 ) Numerator: Income (loss) from discontinued operations $ 226,640 $ (62,133 ) $ 232,214 $ (56,048 ) Less: (Income) loss from discontinued operations attributable to noncontrolling interests (116 ) 26,651 (3,338 ) 23,047 Less: Income from discontinued operations allocated to participating securities (5,644 ) — (5,926 ) — Income (loss) from discontinued operations allocated to common shareholders $ 220,880 $ (35,482 ) $ 222,950 $ (33,001 ) Numerator: Net income (loss) attributable to Rentech common shareholders $ 306,277 $ (53,414 ) $ 296,097 $ (58,363 ) Less: Income allocated to participating securities (7,631 ) — (7,666 ) — Net income (loss) allocated to common shareholders $ 298,646 $ (53,414 ) $ 288,431 $ (58,363 ) Denominator: Weighted average common shares outstanding 23,067 22,965 23,051 22,951 Effect of dilutive securities: Preferred stock — — — — Warrants — — — — Common stock options — — — — Restricted stock 257 — 217 — Diluted shares outstanding 23,324 22,965 23,268 22,951 Basic: Continuing operations $ 3.37 $ (0.78 ) $ 2.84 $ (1.11 ) Discontinued operations $ 9.58 $ (1.55 ) $ 9.67 $ (1.44 ) Net income (loss) per common share $ 12.95 $ (2.33 ) $ 12.51 $ (2.54 ) Diluted: Continuing operations $ 3.33 $ (0.78 ) $ 2.81 $ (1.11 ) Discontinued operations $ 9.47 $ (1.55 ) $ 9.58 $ (1.44 ) Net income (loss) per common share $ 12.80 $ (2.33 ) $ 12.40 $ (2.54 )

Basis of Presentation - Additio

Basis of Presentation - Additional Information (Detail)	Apr. 01, 2016USD ($)$ / sharesshares	Mar. 14, 2016USD ($)	Jun. 30, 2016USD ($)$ / shares	Mar. 31, 2016USD ($)$ / shares	Jun. 30, 2016USD ($)$ / shares	Dec. 31, 2015$ / shares
Subsidiary Sale Of Stock [Line Items]
Gain (loss) on sale of business			$ 358,152,000		$ 356,964,000
Payment to repurchase and retire preferred stock	$ 10,000,000
Common units owned | shares	7,179,996
Increase in revenue and cost of goods sold				$ 1,400,000
GSO Credit Agreement [Member]
Subsidiary Sale Of Stock [Line Items]
Repayment of debt	$ 41,700,000
Series E Preferred Stock [Member]
Subsidiary Sale Of Stock [Line Items]
Shares used to repurchase and retire preferred stock | shares	17,000,000
Payment to repurchase and retire preferred stock	$ 10,000,000
Preferred stock, repurchased and retired	$ 100,000,000
Mezzanine, preferred stock, par value | $ / shares	$ 10		$ 10		$ 10	$ 10
Pasadena [Member]
Subsidiary Sale Of Stock [Line Items]
Stake in Partnership		60.00%
Proceeds from sale of facility		$ 5,000,000
Distribution to the company		2,600,000
Cash working capital adjustment		5,700,000
Future cash working capital adjustment to the company		3,400,000
Gain (loss) on sale of business		$ (1,100,000)
Percentage of facility's EBITDA paid to unitholders		50.00%
Earn-out period		2 years
Net book value				$ (97,600,000)
Pasadena [Member] | Minimum
Subsidiary Sale Of Stock [Line Items]
Income (Loss) of Discontinued Operation, before Income Tax		$ 8,000,000
Pasadena [Member] | IOC [Member]
Subsidiary Sale Of Stock [Line Items]
Cash working capital adjustment		$ 5,400,000
RNP [Member]
Subsidiary Sale Of Stock [Line Items]
Gain (loss) on sale of business	$ 358,600,000		$ 358,600,000		$ 358,600,000
Merger agreement, partnership units exchanged to common units	1.04
Merger agreement, partnership units exchanged to cash | $ / shares	$ 2.57
Proceeds from sale of business	$ 59,800,000
Shares received from merger | shares	24,200,000
Cash proceeds from sale of business	$ 59,800,000
Fair value of shares received from merger	$ 202,100,000
Share price | $ / shares				$ 8.36

Investment in CVR - Additional

Investment in CVR - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Mar. 31, 2016	Jun. 30, 2016	Apr. 01, 2016
Schedule Of Equity Method Investments [Line Items]
Common units owned				7,179,996
Loss from investment	$ (1,100)		$ (1,100)
Distributions from equity investment	$ 1,900		1,941
Additional expense			$ 300
CVR Partners L.P [Member]
Schedule Of Equity Method Investments [Line Items]
Common units owned	113,282,973	7,200,000	113,282,973
Fair value of shares received from merger		$ 60,100	$ 58,700
Share price	$ 8.17	$ 8.36	$ 8.17
Percentage of ownership of a limited partnership			6.00%
Loss from investment	$ (1,300)		$ (1,300)
CVR Partners L.P [Member] | Minimum
Schedule Of Equity Method Investments [Line Items]
Percentage of ownership of a limited partnership			3.00%
CVR Partners L.P [Member] | Maximum [Member]
Schedule Of Equity Method Investments [Line Items]
Percentage of ownership of a limited partnership			5.00%

Discontinued Operations - Addit

Discontinued Operations - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2016	Dec. 31, 2014	Mar. 18, 2016
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Gain (loss) on sale of business	$ 358,152	$ 356,964
PDU [Member]
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Proceeds from sale of property				$ 3,000
Gain (loss) on sale of business	$ (100)	$ (500)
Sunshine Kaidi New Energy Group Co., Ltd [Member]
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Future proceeds payable percent from the property sale		50.00%
Sunshine Kaidi New Energy Group Co., Ltd [Member] | Alternative Energy Technologies And Decommissioned Pdu [Member]
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Future proceeds payable percent from the property sale			50.00%

Discontinued Operations - Sched

Discontinued Operations - Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures (Detail) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015	Dec. 31, 2014
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Cash			$ 38,502		$ 38,502	$ 15,822	$ 28,028
Accounts receivable						11,451
Inventories						30,354
Prepaid expenses and other current assets						5,853
Other receivables						374
Total current assets		$ 76		$ 76		63,854
Property held for sale						161,274
Construction in progress						23,712
Other assets						81
Total other assets		10		10		185,067
Total assets						248,921
Accounts payable						12,520
Accrued payroll and benefits						5,750
Accrued liabilities						14,149
Deferred revenues						16,983
Accrued interest						4,650
Total current liabilities		1,365		1,365		54,052
Debt						347,574
Asset retirement obligation						4,498
Other						2,092
Total long-term liabilities						354,164
Total liabilities						408,216
Revenues			109,852	54,347	179,083
Cost of sales			65,127	34,696	115,568
Gross profit			44,725	19,651	63,515
Operating income (loss)		346	(61,510)	15,939	(46,835)
Gain (loss) on sale of business		358,152		356,964
Other income (expenses), net		298	(4,135)	(5,301)	(9,166)
Income (loss) before income taxes		358,796	(65,645)	367,602	(56,001)
Income tax (benefit) expense		132,156	(3,512)	135,388	47
Net income (loss)	[1]	226,640	(62,133)	232,214	(56,048)
Net income (loss) attributable to noncontrolling interests		116	(26,651)	3,338	(23,047)
Net income (loss) attributable to Rentech common shareholders		226,524	(35,482)	228,876	(33,001)
Income (loss) from discontinued operations, net of tax	[1]	226,640	(62,133)	232,214	(56,048)
Energy Technologies [Member]
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Prepaid expenses and other current assets		76		76		106
Total current assets		76		76		106
Property held for sale						1,678
Other assets		10		10		10
Total other assets		10		10		1,688
Total assets		86		86		1,794
Accounts payable		150		150		498
Accrued payroll and benefits						4
Accrued liabilities		1,215		1,215		455
Total current liabilities		1,365		1,365		957
Total liabilities		1,365		1,365		957
Revenues					56
Cost of sales					50
Gross profit					6
Operating income (loss)		346	(232)	883	(379)
Gain (loss) on sale of business		(172)		(546)
Other income (expenses), net		8		(42)
Income (loss) before income taxes		182	(232)	295	(379)
Income tax (benefit) expense		54	54	95
Net income (loss)		128	(286)	200	(379)
Net income (loss) attributable to Rentech common shareholders		128	(286)	200	(379)
Income (loss) from discontinued operations, net of tax		128	(286)	200	(379)
RNP, excl. Pasadena [Member]
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Cash						15,822
Accounts receivable						11,451
Inventories						30,354
Prepaid expenses and other current assets						5,747
Other receivables						374
Total current assets						63,748
Property held for sale						159,596
Construction in progress						23,712
Other assets						71
Total other assets						183,379
Total assets						247,127
Accounts payable						12,022
Accrued payroll and benefits						5,746
Accrued liabilities						13,694
Deferred revenues						16,983
Accrued interest						4,650
Total current liabilities						53,095
Debt						347,574
Asset retirement obligation						4,498
Other						2,092
Total long-term liabilities						354,164
Total liabilities						$ 407,259
Revenues			109,852	54,347	179,027
Cost of sales			65,127	34,696	115,518
Gross profit			44,725	19,651	63,509
Operating income (loss)			(61,278)	15,056	(46,456)
Gain (loss) on sale of business		358,324		357,510
Other income (expenses), net		290	(4,135)	(5,259)	(9,166)
Income (loss) before income taxes		358,614	(65,413)	367,307	(55,622)
Income tax (benefit) expense		132,102	(3,566)	135,293	47
Net income (loss)		226,512	(61,847)	232,014	(55,669)
Net income (loss) attributable to noncontrolling interests		116	(26,651)	3,338	(23,047)
Net income (loss) attributable to Rentech common shareholders		226,396	(35,196)	228,676	(32,622)
Income (loss) from discontinued operations, net of tax		$ 226,512	$ (61,847)	$ 232,014	$ (55,669)
[1]	For the three and six months ended June 30, 2016, income from discontinued operations, net of tax includes $358.6 million, which is the Company’s proportionate share of the book gain on sale of RNP.

Fair Value - Fair Value Disclos

Fair Value - Fair Value Disclosure (Detail) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Earn-out consideration	$ 933	$ 871

Fair Value - Fair Value and Car

Fair Value - Fair Value and Carrying Value of Borrowings and Interest Rate Swaps (Detail) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Carrying Value Measurement [Member] | GSO Credit Agreement [Member]
Liabilities
Credit Agreement / Revolving Loan	$ 49,530	$ 91,733
Carrying Value Measurement [Member] | Fulghum [Member]
Liabilities
Debt instrument fair value	43,211	48,150
Carrying Value Measurement [Member] | Wood Pellets NEWP [Member]
Liabilities
Debt instrument fair value	17,618	16,203
Level 2 [Member] | Fair Value Measurement [Member] | GSO Credit Agreement [Member]
Liabilities
Credit Agreement / Revolving Loan	52,250	95,000
Level 2 [Member] | Fair Value Measurement [Member] | Fulghum [Member]
Liabilities
Debt instrument fair value	41,724	46,840
Level 2 [Member] | Fair Value Measurement [Member] | Wood Pellets NEWP [Member]
Liabilities
Debt instrument fair value	$ 17,521	$ 15,964

Fair Value - Additional Informa

Fair Value - Additional Information (Detail) - Atikokan Facility [Member] $ in Thousands	6 Months Ended
	Jun. 30, 2016USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Earn-out consideration, Carrying Value	$ 933
Number of years to determine fair value of earn-out consideration	10 years
Increase or decrease in EBITDA	$ 1,000
Increase or decrease in earn-out consideration	100
Loan provided to sellers	$ 900

Fair Value - Reconciliation of

Fair Value - Reconciliation of the Change in the Carrying Value of Earn-out Consideration (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Fair Value, Instruments Classified in Shareholders' Equity Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning Balance	$ 871	$ 6,295
Less: Earn-out consideration payment		(5,000)
Unrealized gain		(396)
Add: Unrealized (gain) loss on foreign currency translation		(81)
Ending Balance	933	818
Atikokan Facility [Member]
Fair Value, Instruments Classified in Shareholders' Equity Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning Balance	871	1,295
Unrealized gain		(396)
Add: Unrealized (gain) loss on foreign currency translation	62	(81)
Ending Balance	$ 933	818
Wood Pellets NEWP [Member]
Fair Value, Instruments Classified in Shareholders' Equity Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning Balance		5,000
Less: Earn-out consideration payment		$ (5,000)

Derivative Instruments - Additi

Derivative Instruments - Additional Information (Detail) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2016USD ($)Swap	Dec. 31, 2015USD ($)
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Notional amount | $	$ 11.1	$ 9.5
Fulghum [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Number of derivative contracts | Swap	2
Fulghum [Member] | Long-term Loans [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative fixed interest rate	6.83%
Fulghum [Member] | Other Loan [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative fixed interest rate	5.15%
Mortgage Loans on Real Estate [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative fixed interest rate	7.95%
Industrial Revenue Bond [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative fixed interest rate	5.29%
Industrial Revenue Bond [Member] | Mortgage Loans on Real Estate [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Number of derivative contracts | Swap	3
Other Industrial Revenue Bond [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative fixed interest rate	5.05%
Interest Rate Swaps [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative maturity date	2015-07
Unrealized gain (loss) on derivatives | $	$ 0.6	$ 0.6

Derivative Instruments - Net Ga

Derivative Instruments - Net Gain (Loss) on Interest Rate Swaps (Detail) - Interest Rate Swaps [Member] - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Derivative [Line Items]
Unrealized gain (loss) on derivatives			$ 600		$ 600
Wood Pellets NEWP [Member]
Derivative [Line Items]
Unrealized gain (loss) on derivatives	$ 30	$ 116	(6)	$ 123
Total net gain (loss) on swaps	$ 30	$ 116	$ (6)	$ 123

Derivative Instruments - Net 40

Derivative Instruments - Net Gain (Loss) on Currency Swaps (Detail) - Currency Swaps [Member] - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Derivative [Line Items]
Unrealized gain (loss) on derivatives	$ 4	$ (34)	$ 352	$ (92)
Total net gain (loss) on swaps	$ 4	$ (34)	$ 352	$ (92)

Derivative Instruments - Summar

Derivative Instruments - Summary of Interest Rate Swaps and Currency Swaps, Recorded in Other Current Liabilities (Detail) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Currency Swaps [Member]
Interest rate swaps and currency swaps recorded in current liabilities:
Gross amounts recognized	$ (1,184)	$ (1,536)
Net amounts presented in the consolidated balance sheets	(1,184)	(1,536)
Interest Rate Swaps [Member]
Interest rate swaps and currency swaps recorded in current liabilities:
Gross amounts recognized	(561)	(555)
Net amounts presented in the consolidated balance sheets	$ (561)	$ (555)

Derivative Instruments - Schedu

Derivative Instruments - Schedule of Financial Instruments at Fair Value (Detail) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Interest Rate Swaps [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Fair value of current liabilities	$ 561	$ 555
Interest Rate Swaps [Member] | Level 2 [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Fair value of current liabilities	561	555
Currency Swaps [Member] | Level 2 [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Fair value of current liabilities	$ 1,184	$ 1,536

Inventories - Inventories (Deta

Inventories - Inventories (Detail) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Inventory Disclosure [Abstract]
Finished goods	$ 18,422	$ 12,970
Raw materials	10,565	10,801
Total inventory	$ 28,987	$ 23,771

Inventories - Additional Inform

Inventories - Additional Information (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Inventory [Line Items]
Write-down of inventory	$ 10,298	$ 2,504
Wood Pellets Industrial [Member]
Inventory [Line Items]
Write-down of inventory	$ 5,200	$ 2,500

Property, Plant and Equipment -

Property, Plant and Equipment - Property, Plant and Equipment (Detail) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 285,160	$ 273,345
Less: Accumulated depreciation	(42,355)	(32,645)
Total property, plant and equipment, net	242,805	240,700
Land and land improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	7,035	6,850
Building and Building Improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	16,298	16,078
Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	244,866	233,560
Furniture, Fixtures and Office Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	419	1,293
Computer equipment and computer software [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	5,741	5,732
Vehicles [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	8,289	7,120
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 2,512	$ 2,712

Property, Plant and Equipment46

Property, Plant and Equipment - Construction in Progress (Detail) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Property, Plant and Equipment [Line Items]
Construction in progress	$ 6,570	$ 4,240
Fulghum [Member]
Property, Plant and Equipment [Line Items]
Construction in progress	473	607
Atikokan Facility [Member]
Property, Plant and Equipment [Line Items]
Construction in progress	823	215
Wawa Facility [Member]
Property, Plant and Equipment [Line Items]
Construction in progress	4,975	2,170
Other Construction In Progress [Member]
Property, Plant and Equipment [Line Items]
Construction in progress	$ 299	$ 1,248

Property, Plant and Equipment47

Property, Plant and Equipment - Additional Information (Detail)	6 Months Ended
	Jun. 30, 2016USD ($)t
Property, Plant and Equipment [Line Items]
Expected remaining cash expenditure for modifications and repairs	$ 16,500,000
Cash expenditure recorded in accounts payable and accrued liabilities	5,600,000
Construction In Progress [Member]
Property, Plant and Equipment [Line Items]
Portion of capitalized interest costs included in construction in progress	$ 0
Atikokan Facility [Member]
Property, Plant and Equipment [Line Items]
Production of wood pellets | t	110,000
Wawa Facility [Member] | Minimum
Property, Plant and Equipment [Line Items]
Production of wood pellets | t	400,000
Wawa Facility [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Production of wood pellets | t	450,000
Computer Software [Member}
Property, Plant and Equipment [Line Items]
Asset wrote off charges	$ 1,000,000
Construction in Progress and Leasehold Improvements Furniture and Office Equipment [Member]
Property, Plant and Equipment [Line Items]
Asset wrote off charges	$ 400,000

Debt and Preferred Stock - Summ

Debt and Preferred Stock - Summary of Total Debt (Detail) - USD ($)		Jun. 30, 2016	Apr. 01, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Long term debt outstanding		$ 133,127,000		$ 178,082,000
Less: Debt issuance costs		(1,652,000)		(2,002,000)
Plus: Unamortized net premium (discount)		(149,000)		(68,000)
Less: Current portion		(17,018,000)		(18,307,000)
Less: Current portion unamortized net (premium) discount		(295,000)		(468,000)
Plus: Current portion debt issuance costs		31,000		31,000
Long-term debt		114,044,000		157,268,000
Construction under QS Construction Facility [Member]
Debt Instrument [Line Items]
Long term debt outstanding	[1]	20,967,000		19,926,000
Fulghum [Member]
Debt Instrument [Line Items]
Long term debt outstanding		42,347,000		47,049,000
Wood Pellets NEWP [Member]
Debt Instrument [Line Items]
Long term debt outstanding		17,563,000		16,107,000
GSO Credit Agreement [Member]
Debt Instrument [Line Items]
Long term debt outstanding		$ 52,250,000	$ 52,250,000	$ 95,000,000
[1]	The amount that the Company owes under the obligation is $14.3 million.

Debt and Preferred Stock - Su49

Debt and Preferred Stock - Summary of Total Debt (Parenthetical) (Detail) $ in Millions	Jun. 30, 2016USD ($)
Debt Disclosure [Abstract]
Contractual Obligation	$ 14.3

Debt and Preferred Stock - Addi

Debt and Preferred Stock - Additional Information (Detail) - USD ($)	Apr. 01, 2016	May 31, 2016	Jun. 30, 2016	Mar. 31, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015	Sep. 30, 2016	Apr. 30, 2016
Debt Instrument [Line Items]
Loss on debt repayment			$ (3,295,000)			$ (3,295,000)
Long term debt outstanding			133,127,000			133,127,000		$ 178,082,000
Line of credit facility interest rate percentage	8.00%
Common Units owned	7,179,996
Number of shares acquired and cancelled	100,000
Payment to repurchase and retire preferred stock	$ 10,000,000
Dividends to preferred stockholders	1,500,000					1,500,000	$ 2,250,000
Fair value of the consideration transferred	107,100,000
Preferred stock	96,000,000
Preferred stock dividends	$ 11,100,000				$ 1,320,000	1,320,000	$ 2,640,000
Wood Pellets NEWP [Member]
Debt Instrument [Line Items]
Long term debt outstanding			$ 17,563,000			$ 17,563,000		16,107,000
CVR Partners L.P [Member]
Debt Instrument [Line Items]
Term debt in exchange for common units	11,600,000
Share price			$ 8.17	$ 8.36		$ 8.17
Percentage of ownership of a limited partnership						6.00%
Common Units owned			113,282,973	7,200,000		113,282,973
Fair value of shares received from merger one				$ 97,100,000
London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Line of credit facility interest rate applicable margin	7.00%
GSO Credit Agreement [Member]
Debt Instrument [Line Items]
Repayment of debt	$ 41,700,000
Term debt in exchange for common units	5,400,000
Principal prepayment under credit facility		$ 1,000,000
Long term debt outstanding	$ 52,250,000		$ 52,250,000			$ 52,250,000		$ 95,000,000
Term loan maturity date	Apr. 9, 2019
GSO Credit Agreement [Member] | Minimum
Debt Instrument [Line Items]
Percentage of ownership of a limited partnership	50.00%
GSO Credit Agreement [Member] | CVR Partners L.P [Member]
Debt Instrument [Line Items]
Transfer of CVR common units to repay debt						$ 45,000,000
Share price			$ 8.36			$ 8.36
Loss on debt repayment						$ 3,300,000
Revolving Credit Facility [Member] | Wood Pellets NEWP [Member]
Debt Instrument [Line Items]
Long term debt outstanding			$ 2,900,000			$ 2,900,000
Available borrowings		$ 6,000,000								$ 2,500,000
Revolving Credit Facility [Member] | Scenario Forecast [Member] | Wood Pellets NEWP [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity									$ 7,000,000
Series E Preferred Stock [Member]
Debt Instrument [Line Items]
Mezzanine, preferred stock, dividend rate						4.50%		4.50%
Payment to repurchase and retire preferred stock	$ 10,000,000

Debt and Preferred Stock - Mezz

Debt and Preferred Stock - Mezzanine Equity (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2015USD ($)
Debt Instrument [Line Items]
Series E convertible preferred stock: $10 par value; 100,000 shares authorized, issued and outstanding; 4.5% dividend rate	$ 95,840
Series E Preferred Stock [Member]
Debt Instrument [Line Items]
Original issue price of Preferred Stock	100,000
Less: Issuance costs	(2,648)
Less: Unamortized discount	(1,512)
Series E convertible preferred stock: $10 par value; 100,000 shares authorized, issued and outstanding; 4.5% dividend rate	$ 95,840

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail)	May 01, 2013	Jun. 30, 2016USD ($)VslRail_Carloadsmit	Dec. 31, 2015t	Jun. 30, 2016CADRail_Carloadst
Other Commitments [Line Items]
Amounts allegedly due under contracts | $		$ 2,900,000
Counter claim amount | $		40,200,000
RTK Parties and Company [Member]
Other Commitments [Line Items]
Loss contingency sought to recover value | $		5,100,000
2013 Drax Contract [Member]
Other Commitments [Line Items]
Contract term period	10 years
Guaranteed obligations | $		$ 20,000,000
2013 Drax Contract [Member] | Wood Pellets Industrial [Member]
Other Commitments [Line Items]
Wood pallets required to sell from Wawa Facility to Drax | t		400,000		400,000
2015 Drax Contract [Member] | Wood Pellets Industrial [Member]
Other Commitments [Line Items]
Maximum quantity required to deliver under Drax | t			36,000
2016 Drax Contract [Member]
Other Commitments [Line Items]
Vessels to be delivered after revised schedule | Vsl		3
2016 Drax Contract [Member] | Wood Pellets Industrial [Member]
Other Commitments [Line Items]
Maximum quantity required to deliver under Drax | t		144,000
OPG Contract [Member]
Other Commitments [Line Items]
Contract term period		10 years
Maximum quantity required to deliver under Drax | t		45,000
Maximum quantity required to deliver under Atikokan Facility | t		90,000
Canadian National Contract [Member]
Other Commitments [Line Items]
Location of Atikokan Facility from Port of Quebec | mi		1,300
Location of Wawa Facility from Port of Quebec | mi		1,100
Minimum rail carloads committed to transport thereafter | Rail_Carloads		3,600		3,600
Penalty for delivery shortfalls per rail car | CAD				CAD 1,000
Canadian National Contract [Member] | Maximum [Member]
Other Commitments [Line Items]
Expected cash penalty to be paid in 2016 and 2017 | $		$ 3,300,000

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Income Tax Disclosure [Abstract]
Income tax (benefit) expense in continuing and discontinuing operations	$ 22,700	$ 600	$ 23,500	$ 2,300
Income tax (benefit) expense in continuing operations	(109,489)	4,086	(111,891)	2,221
Income tax (benefit) expense in discontinuing operations	132,156	$ (3,512)	$ 135,388	$ 47
Effective tax rate			(349.00%)	11.00%
Federal statutory rate			35.00%	35.00%
Valuation allowance	79,500		$ 79,500
Remaining deferred tax assets	$ 1,900

Segment Information - Additiona

Segment Information - Additional Information (Detail)	6 Months Ended
	Jun. 30, 2016Segment
Segment Reporting [Abstract]
Number of operating segments	3

Segment Information - Segment I

Segment Information - Segment Information (Detail) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Segment Reporting Information [Line Items]
Total revenues		$ 31,793	$ 39,925	$ 71,730	$ 76,361
Total gross profit (loss)		(1,679)	3,815	(1,548)	9,341
Total segment selling, general and administrative expenses		7,742	14,186	16,856	25,154
Total segment depreciation and amortization		775	1,189	1,783	2,634
Total segment operating income (loss)		(11,847)	(11,563)	(21,851)	(18,450)
Interest expense		(2,511)	(2,624)	(6,083)	(3,513)
Total segment net income (loss)		90,843	(16,578)	79,815	(22,617)
Total segment other income (expense)		(1,651)	(3)	(1,664)	(3)
Corporate income tax benefit (expense)		109,489	(4,086)	111,891	(2,221)
Non-cash equity in loss of investee				1,329
Income (loss) from discontinued operations, net of tax	[1]	226,640	(62,133)	232,214	(56,048)
Net income (loss)		317,483	(78,711)	312,029	(78,665)
Total assets		489,503		489,503		$ 650,291
Total goodwill		40,255		40,255		40,255
Capital expenditures				7,716	31,220
Capital expenditures, discontinued operations				11,075	16,359
Total capital expenditures				18,791	47,579
Discontinued Operations [Member]
Segment Reporting Information [Line Items]
Total assets		86		86		248,921
CVR Partners L.P [Member]
Segment Reporting Information [Line Items]
Non-cash equity in loss of investee	[2]	(1,329)		(1,329)
Reportable Segments [Member]
Segment Reporting Information [Line Items]
Total revenues		31,793	39,925	71,730	76,361
Total segment selling, general and administrative expenses		3,020	8,870	6,090	15,175
Total segment depreciation and amortization recorded in operating expenses		644	1,050	1,527	2,352
Total depreciation and amortization recorded in cost of sales		4,342	3,368	9,390	6,569
Total segment depreciation and amortization		4,986	4,418	10,917	8,921
Total segment other operating expenses		229	3	241	3
Total segment operating income (loss)		(5,570)	(6,106)	(9,405)	(8,189)
Interest expense		1,134	1,130	2,284	1,925
Total segment net income (loss)		(6,807)	(6,104)	(12,447)	(10,733)
Total assets		390,762		390,762		384,923
Total goodwill		40,255		40,255		40,255
Corporate, Non-Segment [Member]
Segment Reporting Information [Line Items]
Total segment selling, general and administrative expenses		(4,720)	(5,318)	(10,765)	(9,979)
Total segment depreciation and amortization		(131)	(139)	(256)	(282)
Interest expense		(1,375)	(1,494)	(3,798)	(1,588)
Total segment other income (expense)		(4,727)		(4,723)	3
Corporate income tax benefit (expense)		109,932	(3,523)	113,133	(38)
Fulghum [Member] | Reportable Segments [Member]
Segment Reporting Information [Line Items]
Total revenues		20,829	25,723	48,265	48,377
Total gross profit (loss)		2,939	4,278	7,605	7,985
Total segment selling, general and administrative expenses		1,175	947	2,376	2,629
Total segment depreciation and amortization recorded in operating expenses		289	699	830	1,680
Total depreciation and amortization recorded in cost of sales		1,936	2,139	3,822	4,159
Total segment other operating expenses		229	3	229	3
Total segment operating income (loss)		1,247	2,630	4,170	3,673
Interest expense		576	580	1,147	1,119
Total segment net income (loss)		521	3,057	2,174	1,965
Total assets		174,758		174,758		179,327
Total goodwill		29,932		29,932		29,932
Capital expenditures				3,921	6,963
Wood Pellets Industrial [Member] | Reportable Segments [Member]
Segment Reporting Information [Line Items]
Total revenues		6,538	2,544	16,399	4,208
Total gross profit (loss)		(5,198)	(3,058)	(10,167)	(3,462)
Total segment selling, general and administrative expenses		1,346	7,205	2,654	11,124
Total segment depreciation and amortization recorded in operating expenses		53	39	100	82
Total depreciation and amortization recorded in cost of sales		2,116	600	5,110	1,003
Total segment operating income (loss)		(6,596)	(10,301)	(12,920)	(14,668)
Interest expense		407	400	845	516
Total segment net income (loss)		(7,015)	(10,699)	(13,753)	(15,378)
Total assets		152,022		152,022		142,887
Capital expenditures				2,885	23,005
Wood Pellets NEWP [Member] | Reportable Segments [Member]
Segment Reporting Information [Line Items]
Total revenues		4,426	11,658	7,066	23,776
Total gross profit (loss)		580	2,595	1,014	4,818
Total segment selling, general and administrative expenses		499	718	1,060	1,422
Total segment depreciation and amortization recorded in operating expenses		302	312	597	590
Total depreciation and amortization recorded in cost of sales		290	629	458	1,407
Total segment other operating expenses				12
Total segment operating income (loss)		(221)	1,565	(655)	2,806
Interest expense		151	150	292	290
Total segment net income (loss)		(313)	$ 1,538	(868)	2,680
Total assets		63,982		63,982		62,709
Total goodwill		10,323		10,323		10,323
Capital expenditures				359	631
Corporate and Other[Member]
Segment Reporting Information [Line Items]
Total assets		$ 98,655		98,655		$ 16,447
Capital expenditures				$ 551	$ 621
[1]	For the three and six months ended June 30, 2016, income from discontinued operations, net of tax includes $358.6 million, which is the Company’s proportionate share of the book gain on sale of RNP.
[2]	For the three and six months ended June 30, 2016, equity in loss of investee includes $1.3 million, which includes the Company’s proportionate share of loss from its investment in CVR and amortization of the basis differences.

Segment Information - Segment56

Segment Information - Segment Information (Parenthetical) (Detail) - USD ($) $ in Thousands	Apr. 01, 2016	Jun. 30, 2016	Jun. 30, 2016
Segment Reporting Information [Line Items]
Equity in loss of investee		$ (1,100)	$ (1,100)
Gain (loss) on sale of business		358,152	356,964
CVR Partners L.P [Member]
Segment Reporting Information [Line Items]
Equity in loss of investee		(1,300)	(1,300)
RNP [Member]
Segment Reporting Information [Line Items]
Gain (loss) on sale of business	$ 358,600	$ 358,600	$ 358,600

Segment Information - Summary o

Segment Information - Summary of Revenues by Geographic Area (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Segment Reporting Information [Line Items]
Total revenues	$ 31,793	$ 39,925	$ 71,730	$ 76,361
United States [Member]
Segment Reporting Information [Line Items]
Total revenues	16,822	26,425	33,150	52,064
Canada [Member]
Segment Reporting Information [Line Items]
Total revenues	6,538	2,544	16,399	4,208
Other [Member]
Segment Reporting Information [Line Items]
Total revenues	$ 8,433	$ 10,956	$ 22,181	$ 20,089

Segment Information - Summary58

Segment Information - Summary of Assets by Geographic Area (Detail) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Segment Reporting Information [Line Items]
Total assets	$ 489,503	$ 650,291
Total assets - Discontinued Operations		248,921
Continuing Operations [Member]
Segment Reporting Information [Line Items]
Total assets	489,417	401,370
United States [Member]
Segment Reporting Information [Line Items]
Total assets - Discontinued Operations	86	248,921
United States [Member] | Continuing Operations [Member]
Segment Reporting Information [Line Items]
Total assets	295,330	216,472
Canada [Member] | Continuing Operations [Member]
Segment Reporting Information [Line Items]
Total assets	152,001	142,866
Other [Member] | Continuing Operations [Member]
Segment Reporting Information [Line Items]
Total assets	$ 42,086	$ 42,032

Net Income (Loss) Per Common 59

Net Income (Loss) Per Common Share Allocated to Rentech - Schedule of Earnings Per Share, Basic and Diluted (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Numerator:
Income (loss) from continuing operations		$ 90,843	$ (16,578)	$ 79,815	$ (22,617)
Less: Loss on redemption of preferred stock		(11,049)		(11,049)
Less: Preferred stock dividends			(1,320)	(1,320)	(2,640)
Less: Income from continuing operations attributable to noncontrolling interests		(41)	(34)	(225)	(105)
Less: Income from continuing operations allocated to participating securities		(1,987)		(1,740)
Income (loss) from continuing operations allocated to common shareholders		77,766	(17,932)	65,481	(25,362)
Numerator:
Income (loss) from discontinued operations, net of tax	[1]	226,640	(62,133)	232,214	(56,048)
Less: (Income) loss from discontinued operations attributable to noncontrolling interests		(116)	26,651	(3,338)	23,047
Less: Income from discontinued operations allocated to participating securities		(5,644)		(5,926)
Income (loss) from discontinued operations allocated to common shareholders		220,880	(35,482)	222,950	(33,001)
Numerator:
Net income (loss) attributable to Rentech common shareholders		306,277	(53,414)	296,097	(58,363)
Less: Income allocated to participating securities		(7,631)		(7,666)
Net income (loss) allocated to common shareholders		$ 298,646	$ (53,414)	$ 288,431	$ (58,363)
Denominator:
Weighted average common shares outstanding		23,067	22,965	23,051	22,951
Effect of dilutive securities:
Diluted shares outstanding		23,324	22,965	23,268	22,951
Basic:
Continuing operations		$ 3.37	$ (0.78)	$ 2.84	$ (1.11)
Discontinued operations		9.58	(1.55)	9.67	(1.44)
Net income (loss) per common share		12.95	(2.33)	12.51	(2.54)
Diluted:
Continuing operations		3.33	(0.78)	2.81	(1.11)
Discontinued operations		9.47	(1.55)	9.58	(1.44)
Net income (loss) per common share		$ 12.80	$ (2.33)	$ 12.40	$ (2.54)
Restricted Stock [Member]
Effect of dilutive securities:
Effect of dilutive securities		257		217
[1]	For the three and six months ended June 30, 2016, income from discontinued operations, net of tax includes $358.6 million, which is the Company’s proportionate share of the book gain on sale of RNP.

Net Income (Loss) Per Common 60

Net Income (Loss) Per Common Share Allocated to Rentech - Additional Information (Detail) - shares shares in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Earnings Per Share [Abstract]
Anti-dilutive common stock	1.2	5.9	1.2	5.9