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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities:      
Net income (loss) $ (35,371) $ 69,261 $ 582
Depreciation and amortization 3,652 3,691 3,973
Deferred income taxes (16,221) 13,718 (7,308)
Equity in (earnings) losses of Kronos Worldwide, Inc. 33,940 (26,381) 15,003
Dividends received from Kronos Worldwide, Inc. 7,044 16,905 26,766
Marketable equity securities (gain) loss 13,582 (9,821) 8,156
Settlement loss on pension plan termination and buy-out 19,670   4,911
Benefit plan expense greater than cash funding 31 397 461
Noncash interest income   (817) (3,591)
Noncash interest expense 236 479 695
Other, net 374 217 247
Change in assets and liabilities:      
Accounts and other receivables, net 9,921 (6,679) 754
Inventories, net (2,334) 2,126 333
Prepaid expenses and other 188 82 42
Accounts payable and accrued liabilities (15,940) (13,256) (12,624)
Accounts with affiliates 88 700 578
Accrued environmental remediation and related costs (56,238) (21,828) (1,252)
Other noncurrent assets and liabilities, net 975 (3,220) (723)
Net cash provided by (used in) operating activities (36,403) 25,574 37,003
Cash flows from investing activities:      
Capital expenditures (3,747) (1,432) (1,130)
Marketable securities:      
Purchases     (61,366)
Proceeds from maturities   54,000 82,000
Note receivable from affiliate:      
Collections 17,000 26,300 30,500
Loans (15,700) (25,000) (27,900)
Proceeds from land sale   5,000  
Other, net 10    
Net cash provided by (used in) investing activities (2,437) 58,868 22,104
Cash flows from financing activities:      
Dividends paid (27,850) (36,634) (13,672)
Dividends paid to noncontrolling interests in subsidiary (3,447) (5,000) (1,555)
Net cash used in financing activities (31,297) (41,634) (15,227)
Cash and cash equivalents and restricted cash and cash equivalents - net change from:      
Operating, investing and financing activities (70,137) 42,808 43,880
Balance at beginning of year 184,190 141,382 97,502
Balance at end of year 114,053 184,190 141,382
Cash paid (received) for:      
Interest 531 51 50
Income taxes, net 101 127 (300)
Noncash investing activities -      
Change in accruals for capital expenditures $ (412) $ 423 $ 23