XML 45 R3.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Net sales $ 24,209 $ 21,281 $ 69,701 $ 63,856
Cost of sales 16,695 14,971 48,557 45,025
Gross margin 7,514 6,310 21,144 18,831
Selling, general and administrative expense 4,537 4,270 13,790 13,050
Other operating income (expense):        
Insurance recoveries 2,198 1,197 3,774 2,604
Litigation settlement gain       14,964
Other income 9   23 390
Assets held for sale write-down   (405)   (405)
Corporate expense and other, net (5,627) (3,438) (26,869) (24,944)
Loss from operations (443) (606) (15,718) (1,610)
Equity in earnings (loss) of Kronos Worldwide, Inc. (9,101) 10,715 (31,891) 71,951
Other income (expense):        
Securities transaction gains, net     11  
Interest and dividends 725 829 2,198 2,371
Interest expense (10) (218) (127) (720)
Income (loss) from continuing operations before income taxes (8,829) 10,720 (45,527) 71,992
Income tax expense (benefit) (3,145) 2,097 (23,827) 17,426
Income (loss) from continuing operations (5,684) 8,623 (21,700) 54,566
Income from discontinued operations, net of tax   1,724   3,273
Net income (loss) (5,684) 10,347 (21,700) 57,839
Noncontrolling interest in net income of subsidiary 256 340 613 810
Net income (loss) attributable to NL stockholders (5,940) 10,007 (22,313) 57,029
Amounts attributable to NL stockholders:        
Income (loss) from continuing operations (5,940) 8,508 (22,313) 54,182
Income from discontinued operations   1,499   2,847
Net income (loss) attributable to NL stockholders $ (5,940) $ 10,007 $ (22,313) $ 57,029
Net income (loss) per share:        
Continuing operations $ (0.12) $ 0.18 $ (0.46) $ 1.11
Discontinued operations   $ 0.03   $ 0.06
Net income (loss) per share $ (0.12) $ 0.21 $ (0.46) $ 1.17
Cash dividend per share $ 0.125 $ 0.125 $ 0.375 $ 0.375
Basic and diluted weighted average shares outstanding 48,674 48,669 48,671 48,666