Segment Information

9 Months Ended

Sep. 30, 2011

Segment Information [Abstract]

Segment Information

Note 15: Segment Information

	Nine Months Ended						Three Months Ended
	September 30,						September 30,
	2011			2010			2011			2010
	(In Thousands)
Net sales:
Climate Control	$	212,628		$	178,045		$	71,804		$	64,546
Chemical (1)		369,820			253,828			102,769			72,578
Other		7,444			5,877			2,207			1,824
	$	589,892		$	437,750		$	176,780		$	138,948
Gross profit: (2)
Climate Control	$	67,689		$	60,195		$	22,808		$	22,964
Chemical (1)		89,789			30,631			10,677			5,871
Other		2,719			2,027			772			604
	$	160,197		$	92,853		$	34,257		$	29,439
Operating income: (3)
Climate Control	$	26,357		$	22,632		$	8,738		$	10,112
Chemical (1)		78,923			12,310			7,105			1,247
General corporate expenses and other business operations, net (4)		(10,477	)		(9,246	)		(3,351	)		(2,889	)
		94,803			25,696			12,492			8,470
Interest expense		(5,481	)		(5,943	)		(1,901	)		(1,864	)
Losses on extinguishment of debt		(136	)		(52	)		—			—
Non-operating other income (expense), net:
Climate Control		1			1			—			—
Chemical		1			6			—			1
Corporate and other business operations		1			41			(2	)		9
Provisions for income taxes		(33,582	)		(8,821	)		(4,433	)		(2,930	)
Equity in earnings of affiliate-Climate Control		375			719			168			191
Income from continuing operations	$	55,982		$	11,647		$	6,324		$	3,877

(1)	During most of the first nine months of 2011, the Pryor Facility had sustained production of anhydrous ammonia and UAN compared to limited production during the first nine months of 2010. For the nine and three months ended September 30, 2011, the Pryor Facility had net sales to unrelated third parties of $63.3 million and $10.5 million, respectively and operating income of $30.6 million and $0.1 million, respectively, resulting from those sales and an insurance recovery of $8.6 million recognized during the first nine months of 2011 relating to a business interruption claim, which was recorded as a reduction to cost of sales. In addition for the nine and three months ended September 30, 2011, the Chemical Business realized a net benefit of $4.4 million and $0.6 million, respectively, from the utilization by our other facilities of lower cost ammonia produced at the Pryor Facility. For the nine and three months ended September 30, 2010, the Pryor Facility had net sales to unrelated third parties of $7.8 million and $1.8 million and an operating loss of $11.2 million and $3.2 million, respectively. Due to limited and intermittent production at the Pryor Facility during the first nine months of 2010, most of its operating loss related to nonproduction-related expenses incurred and were classified as selling, general and administrative expenses (“SG&A”).
(2)	Gross profit by business segment represents net sales less cost of sales. Gross profit classified as “Other” relates to the sales of industrial machinery and related components.
(3)	Our chief operating decision makers use operating income by business segment for purposes of making decisions, which include resource allocations and performance evaluations. Operating income by business segment represents gross profit by business segment less SG&A incurred by each business segment plus other income and other expense earned/incurred by each business segment before general corporate expenses and other business operations, net. General corporate expenses and other business operations, net, consist of unallocated portions of gross profit, SG&A, other income and other expense.

(4) The amounts included are not allocated to our Climate Control and Chemical Businesses since these items are not included in the operating results reviewed by our chief operating decision makers for purposes of making decisions as discussed above. A detail of these amounts are as follows:

	Nine Months Ended						Three Months Ended
	September 30,						September 30,
	2011			2010			2011			2010
	(In Thousands)
Gross profit-Other	$	2,719		$	2,027		$	772		$	604
Selling, general and administrative:
Personnel costs		(6,338	)		(6,054	)		(2,187	)		(1,787	)
Professional fees		(3,046	)		(3,105	)		(957	)		(1,180	)
All other		(3,420	)		(2,333	)		(909	)		(682	)
Total selling, general and administrative		(12,804	)		(11,492	)		(4,053	)		(3,649	)
Other income		102			230			26			160
Other expense		(494	)		(11	)		(96	)		(4	)
Total general corporate expenses and other business operations, net	$	(10,477	)	$	(9,246	)	$	(3,351	)	$	(2,889	)

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

	September 30,		December 31,
	2011		2010
	(In Thousands)
Climate Control	$	122,790	$	112,894
Chemical		215,294		179,033
Corporate assets and other		132,276		96,054
Total assets	$	470,360	$	387,981