XML 13 R3.htm IDEA: XBRL DOCUMENT v3.20.2
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Income Statement [Abstract]        
Net sales $ 23,800 $ 33,730 $ 56,111 $ 64,907
Cost of sales 16,434 22,791 38,314 44,344
Gross margin 7,366 10,939 17,797 20,563
Selling, general and administrative expense 4,997 5,317 10,408 10,650
Other operating income (expense):        
Insurance recoveries 86 4,714 108 4,997
Litigation settlement expense, net   (19,571)   (19,571)
Corporate expense (2,441) (3,654) (4,949) (5,710)
Income (loss) from operations 14 (12,889) 2,548 (10,371)
Equity in earnings of Kronos Worldwide, Inc. 5,651 8,944 13,858 18,169
Other income (expense):        
Interest and dividend income 501 2,123 1,632 3,642
Marketable equity securities (2,252) 9,486 (14,325) 14,948
Other components of net periodic pension and OPEB cost (208) (428) (416) (856)
Interest expense (350) (9) (702) (18)
Income before income taxes 3,356 7,227 2,595 25,514
Income tax expense (benefit) (1,516) 667 (4,779) 3,228
Net income 4,872 6,560 7,374 22,286
Noncontrolling interest in net income of subsidiary 283 682 875 1,204
Net income attributable to NL stockholders $ 4,589 $ 5,878 $ 6,499 $ 21,082
Amounts attributable to NL stockholders:        
Basic and diluted net income per share $ 0.09 $ 0.12 $ 0.13 $ 0.43
Weighted average shares used in the calculation of net income per share 48,771 48,740 48,763 48,734