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Business Segment Information (Tables)
6 Months Ended
Jun. 30, 2016
Segment Reporting [Abstract]  
Holding Percentage of Subsidiaries

 

Business segment

  

Entity

  

% controlled at
June 30, 2016

 

Chemicals

  

Kronos

  

 80

Component products

  

CompX

  

 87

Waste management

  

WCS

  

 100

Real estate management and development

 

BMI and LandWell

 

63% - 77

%

 

Segment Operating Performance

 

 

Three months ended
June 30,

 

 

Six months ended
June 30,

 

 

2015

 

 

2016

 

 

2015

 

 

2016

 

 

(unaudited)

 

 

(In millions)

 

Net sales:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Chemicals

$

360.2

 

 

$

356.0

 

 

$

725.3

 

 

$

674.5

 

Component products

 

28.9

 

 

 

27.1

 

 

 

56.8

 

 

 

54.2

 

Waste management

 

10.0

 

 

 

11.1

 

 

 

25.0

 

 

 

16.3

 

Real estate management and development

 

9.7

 

 

 

4.4

 

 

 

17.8

 

 

 

7.1

 

Total net sales

$

408.8

 

 

$

398.6

 

 

$

824.9

 

 

$

752.1

 

Cost of sales:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Chemicals

$

314.2

 

 

$

301.0

 

 

$

602.4

 

 

$

579.5

 

Component products

 

19.8

 

 

 

18.6

 

 

 

39.1

 

 

 

37.5

 

Waste management

 

12.4

 

 

 

13.6

 

 

 

24.5

 

 

 

25.3

 

Real estate management and development

 

6.1

 

 

 

3.2

 

 

 

13.3

 

 

 

5.6

 

Total cost of sales

$

352.5

 

 

$

336.4

 

 

$

679.3

 

 

$

647.9

 

Gross margin:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Chemicals

$

46.0

 

 

$

55.0

 

 

$

122.9

 

 

$

95.0

 

Component products

 

9.1

 

 

 

8.5

 

 

 

17.7

 

 

 

16.7

 

Waste management

 

(2.4

)

 

 

(2.5

)

 

 

.5

 

 

 

(9.0

)

Real estate management and development

 

3.6

 

 

 

1.2

 

 

 

4.5

 

 

 

1.5

 

Total gross margin

$

56.3

 

 

$

62.2

 

 

$

145.6

 

 

$

104.2

 

Operating income (loss):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Chemicals

$

(7.9

)

 

$

12.7

 

 

$

26.1

 

 

$

15.7

 

Component products

 

4.3

 

 

 

3.7

 

 

 

8.0

 

 

 

7.1

 

Waste management

 

(8.1

)

 

 

(7.1

)

 

 

(11.0

)

 

 

(17.9

)

Real estate management and development

 

1.6

 

 

 

.5

 

 

 

1.4

 

 

 

(5.4

)

Total operating income (loss)

 

(10.1

)

 

 

9.8

 

 

 

24.5

 

 

 

(.5

)

General corporate items:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Securities earnings

 

6.7

 

 

 

6.9

 

 

 

13.4

 

 

 

13.7

 

Insurance recoveries

 

.3

 

 

 

.2

 

 

 

3.4

 

 

 

.3

 

General expenses, net

 

(11.2

)

 

 

(8.6

)

 

 

(19.4

)

 

 

(20.1

)

Interest expense

 

(14.5

)

 

 

(15.8

)

 

 

(29.1

)

 

 

(31.5

)

Loss before income taxes

$

(28.8

)

 

$

(7.5

)

 

$

(7.2

)

 

$

(38.1

)