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Document and Entity Information - shares	6 Months Ended
Document and Entity Information - shares	Jun. 30, 2012	Jul. 31, 2012
Document and Entity Information [Abstract]
Entity Registrant Name	LSB INDUSTRIES INC
Entity Central Index Key	0000060714
Document Type	10-Q
Document Period End Date	Jun. 30, 2012
Amendment Flag	false
Document Fiscal Year Focus	2012
Document Fiscal Period Focus	Q2
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		22,359,068

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2012	Dec. 31, 2011
Current assets:
Cash and cash equivalents	$ 138,699	$ 124,929
Restricted cash	239	31
Short-term investments	10,006	10,005
Accounts receivable, net	97,375	87,351
Inventories:
Finished goods	24,868	29,009
Work in progress	4,931	4,855
Raw materials	28,023	25,642
Total inventories	57,822	59,506
Supplies, prepaid items and other:
Prepaid insurance	2,963	5,953
Precious metals	15,453	17,777
Supplies	8,533	7,513
Fair value of derivatives and other	42	53
Prepaid income taxes	1,619	8,679
Other	2,379	2,034
Total supplies, prepaid items and other	30,989	42,009
Deferred income taxes	3,505	4,275
Total current assets	338,635	328,106
Property, plant and equipment, net	179,009	164,547
Other assets:
Investment in affiliate	2,396	2,910
Goodwill	1,724	1,724
Other, net	6,332	4,722
Total other assets	10,452	9,356
Total assets	528,096	502,009
Current liabilities:
Accounts payable	51,002	57,891
Short-term financing	2,270	5,646
Accrued and other liabilities	25,407	28,677
Current portion of long-term debt	4,764	4,935
Total current liabilities	83,443	97,149
Long-term debt	70,051	74,525
Noncurrent accrued and other liabilities	16,310	15,239
Deferred income taxes	23,595	21,826
Commitments and contingencies (Note 8)
Stockholders' equity:
Common stock, $.10 par value; 75,000,000 shares authorized, 26,679,530 shares issued (26,638,285 at December 31, 2011)	2,668	2,664
Capital in excess of par value	163,479	162,092
Retained earnings	193,924	153,888
Stockholders equity including treasury stock	363,071	321,644
Less treasury stock at cost:
Common stock, 4,320,462 shares	28,374	28,374
Total stockholders' equity	334,697	293,270
Total Liabilities and Stockholders' equity	528,096	502,009
Series B preferred stock
Stockholders' equity:
Convertible preferred stock	2,000	2,000
Series D preferred stock
Stockholders' equity:
Convertible preferred stock	$ 1,000	$ 1,000

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	6 Months Ended	12 Months Ended
	Jun. 30, 2012	Dec. 31, 2011
Common stock, par value	$ 0.10	$ 0.10
Common stock, shares authorized	75,000,000	75,000,000
Common stock, shares issued	26,679,530	26,638,285
Treasury stock, common shares	4,320,462	4,320,462
Series B preferred stock
Convertible preferred stock dividend rate	12.00%	12.00%
Series B cumulative, convertible preferred stock, par value	$ 100	$ 100
Preferred stock, shares issued	20,000	20,000
Preferred stock, shares outstanding	20,000	20,000
Series D preferred stock
Convertible preferred stock dividend rate	6.00%	6.00%
Series D cumulative, convertible Class C preferred stock, par value
Preferred stock, shares issued	1,000,000	1,000,000
Preferred stock, shares outstanding	1,000,000	1,000,000

Condensed Consolidated Statements of Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
Condensed Consolidated Statements of Income [Abstract]
Net sales	$ 209,275	$ 235,619	$ 399,520	$ 413,112
Cost of sales	143,540	163,533	289,341	287,172
Gross profit	65,735	72,086	110,179	125,940
Selling, general and administrative expense	22,886	22,517	44,277	43,102
Provisions for losses on accounts receivable	83	79	123	121
Other expense	555	2,321	722	2,383
Other income	(112)	(1,105)	(348)	(1,977)
Operating income	42,323	48,274	65,405	82,311
Interest expense	1,179	1,868	2,311	3,580
Losses on extinguishment of debt		136		136
Non-operating other expense (income), net	(267)	2	(272)	(5)
Income from continuing operations before provisions for income taxes and equity in earnings and losses of affiliate	41,411	46,268	63,366	78,600
Provisions for income taxes	15,451	17,492	23,253	29,149
Equity in losses (earnings) of affiliate	(170)	78	(341)	(207)
Income from continuing operations	26,130	28,698	40,454	49,658
Net loss from discontinued operations	97	53	118	110
Net income	26,033	28,645	40,336	49,548
Dividends on preferred stocks			300	305
Net income applicable to common stock	$ 26,033	$ 28,645	$ 40,036	$ 49,243
Weighted-average common shares:
Basic	22,341	22,133	22,332	21,657
Diluted	23,509	23,526	23,516	23,485
Income per common share:
Basic	$ 1.17	$ 1.29	$ 1.79	$ 2.27
Diluted	$ 1.11	$ 1.22	$ 1.72	$ 2.12

Condensed Consolidated Statement of Stockholders' Equity (Unaudited) - 6 months ended Jun. 30, 2012 - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock Shares	Non-Redeemable Preferred Stock	Capital in Excess of Par Value	Retained Earnings	Treasury Stock - Common
Beginning balance at Dec. 31, 2011	$ 293,270	$ 2,664	$ 3,000	$ 162,092	$ 153,888	$ (28,374)
Beginning balance, shares at Dec. 31, 2011		26,638
Net income	40,336				40,336
Dividends paid on preferred stocks	(300)				(300)
Stock-based compensation	829			829
Exercise of stock options	333	$ 4		329
Exercise of stock options, shares		39
Excess income tax benefit associated with stock-based compensation	223			223
Conversion of redeemable preferred stock to common stock	6			6
Conversion of redeemable preferred stock to common stock, shares		3
Ending balance at Jun. 30, 2012	$ 334,697	$ 2,668	$ 3,000	$ 163,479	$ 193,924	$ (28,374)
Ending balance, shares at Jun. 30, 2012		26,680

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011
Cash flows from continuing operating activities
Net income	$ 40,336	$ 49,548
Adjustments to reconcile net income to net cash provided by continuing operating activities:
Net loss from discontinued operations	118	110
Deferred income taxes	2,539	1,566
Losses on extinguishment of debt		136
Expense associated with modification of secured term loan		387
Expense associated with induced conversion of 5.5% convertible debentures		558
Net gain on carbon credits		(94)
Losses on sales and disposals of property and equipment	551	895
Depreciation of property, plant and equipment	10,079	9,184
Amortization	170	267
Stock-based compensation	829	519
Provisions for losses on accounts receivable	123	121
Provisions for losses on inventory	44	279
Equity in losses (earnings) of affiliate	(341)	(207)
Distributions received from affiliate	855	825
Changes in fair value of commodities contracts	208	52
Changes in fair value of interest rate contracts	(226)	240
Cash provided (used) by changes in assets and liabilities (net of effects of discontinued operations):
Accounts receivable	2,305	(27,549)
Inventories	1,262	226
Other supplies, prepaid items and other	3,087	(1,256)
Accounts payable	(10,476)	(1,356)
Accrued payroll and benefits	(935)	(835)
Accrued and prepaid income taxes	7,375	1,791
Accrued contractual profit-sharing obligation	(1,451)	1,637
Deferred revenue on product sales	17	1,472
Customer deposits	(3,162)	1,399
Other current and noncurrent liabilities	3,215	1,248
Net cash provided by continuing operating activities	56,522	41,163
Cash flows from continuing investing activities
Capital expenditures	(32,455)	(14,556)
Proceeds from sales of property and equipment	203	31
Proceeds from short-term investments	10,022	10,012
Purchase of short-term investments	(10,021)	(9)
Deposits of restricted cash	(208)	(52)
Proceeds from sales of carbon credits		1,665
Payments on contractual obligations - carbon credits	(180)	(1,573)
Other assets	(221)	(914)
Net cash used by continuing investing activities	(32,860)	(5,396)
Cash flows from continuing financing activities
Proceeds from revolving debt facility	209,238	329,797
Payments on revolving debt facility	(209,238)	(329,797)
Proceeds from modification of secured term loan, net of fees		10,347
Proceeds from secured term loan, net of fees		14,766
Payments associated with induced conversion of 5.5% convertible debentures		(558)
Payments on other long-term debt	(4,645)	(10,484)
Payments on loans secured by cash value of life insurance policies	(1,918)
Payments of debt issuance costs	(88)	(108)
Payments on short-term financing	(3,376)	(2,284)
Proceeds from exercise of stock options	333	940
Excess income tax benefit associated with stock-based compensation	223	1,109
Acquisition of redeemable preferred stock	(39)
Dividends paid on preferred stocks	(300)	(305)
Net cash provided (used) by continuing financing activities	(9,810)	13,423
Cash flows of discontinued operations:
Operating cash flows	(82)	(138)
Net increase in cash and cash equivalents	13,770	49,052
Cash and cash equivalents at beginning of period	124,929	66,946
Cash and cash equivalents at end of period	138,699	115,998
Supplemental cash flow information:
Cash payments for income taxes, net of refunds	13,057	24,619
Noncash investing and financing activities:
Insurance claims receivable associated with property, plant and equipment	10,364
Other assets and accounts payable associated with property, plant and equipment	$ 9,418	5,662
Debt issuance costs incurred associated with secured term loan		835
Debt issuance costs written off associated with 5.5% debentures		328
Accrued liabilities extinguished associated with 5.5% debentures		336
5.5% debentures converted to common stock		$ 24,400

Condensed Consolidated Statements of Cash Flows (Unaudited) (Parenthetical)	Jun. 30, 2012	Jun. 30, 2011	Mar. 31, 2011
5.5% Convertible Senior Subordinated Notes due 2012
Interest rate on convertible debentures	5.50%	5.50%	5.50%

Summary of Significant Accounting Policies

6 Months Ended

Jun. 30, 2012

Summary of Significant Accounting Policies [Abstract]

Summary of Significant Accounting Policies

Note 1: Summary of Significant Accounting Policies

For a complete discussion of our significant accounting policies, refer to the notes to our audited consolidated financial statements included in our Form 10-K for the year ended December 31, 2011 (“2011 Form 10-K”), filed with the Securities and Exchange Commission (“SEC”) on February 28, 2012.

Basis of Consolidation and Presentation — LSB Industries, Inc. (“LSB”) and its subsidiaries (the “Company”, “We”, “Us”, or “Our”) are consolidated in the accompanying condensed consolidated financial statements. We are primarily engaged in the manufacture and sale of geothermal and water source heat pumps and air handling products (the “Climate Control Business”) and the manufacture and sale of chemical products (the “Chemical Business”). LSB is a holding company with no significant operations or assets other than cash, cash equivalents, and investments in its subsidiaries. Entities that are 20% to 50% owned and for which we have significant influence are accounted for on the equity method. All material intercompany accounts and transactions have been eliminated.

In the opinion of management, the unaudited condensed consolidated financial statements of the Company as of June 30, 2012 and for the six and three-month periods ended June 30, 2012 and 2011 include all adjustments and accruals, consisting of normal, recurring accrual adjustments which are necessary for a fair presentation of the results for the interim periods. These interim results are not necessarily indicative of results for a full year due, in part, to the seasonality of our sales of agricultural products and the timing of performing our major plant maintenance activities. Our selling seasons for agricultural products are primarily during the spring and fall planting seasons, which typically extend from March through June and from September through November.

Certain information and footnote disclosures normally included in financial statements prepared in accordance with United States (“U.S.”) generally accepted accounting principles (“GAAP”) have been condensed or omitted in this Form 10-Q pursuant to the rules and regulations of the SEC. These condensed consolidated financial statements should be read in connection with our audited consolidated financial statements and notes thereto included in our 2011 Form 10-K.

Use of Estimates — The preparation of condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Income per Common Share — Net income applicable to common stock is computed by adjusting net income by the amount of preferred stock dividends and dividend requirements, if applicable. Basic income per common share is based upon net income applicable to common stock and the weighted-average number of common shares outstanding during each year. Diluted income per share is based on net income applicable to common stock plus preferred stock dividends and dividend requirements on preferred stock assumed to be converted, if dilutive, and interest expense including amortization of debt issuance cost, net of income taxes, on convertible debt assumed to be converted, if dilutive, and the weighted-average number of common shares and dilutive common equivalent shares outstanding, and the assumed conversion of dilutive convertible securities outstanding.

Short-Term Investments — Investments, which consisted of certificates of deposit with an original maturity of 13 weeks, are considered short-term investments. These investments are carried at cost which approximates fair value. All of these investments were held by financial institutions within the U.S. and none of these investments were in excess of the federally insured limits.

Accounts Receivable — Our accounts receivable are stated at net realizable value. This value includes an appropriate allowance for estimated uncollectible accounts to reflect any loss anticipated on accounts receivable balances. Our estimate is based on historical experience and periodic assessment of outstanding accounts receivable, particularly those accounts which are past due (based upon the terms of the sale). Our periodic assessment of our accounts receivable is based on our best estimate of amounts that are not recoverable.

Inventories — Inventories are stated at the lower of cost (determined using the first-in, first-out (“FIFO”) basis) or market (net realizable value). Finished goods and work-in-process inventories include material, labor, and manufacturing overhead costs. Additionally, we review inventories and record inventory reserves for slow-moving inventory items.

Precious Metals — Precious metals are used as a catalyst in the Chemical Business manufacturing process. Precious metals are carried at cost, with cost being determined using the FIFO basis. Because some of the catalyst consumed in the production process cannot be readily recovered and the amount and timing of recoveries are not predictable, we follow the practice of expensing precious metals as they are consumed. Occasionally, during major maintenance or capital projects, we may be able to perform procedures to recover precious metals (previously expensed) which have accumulated over time within the manufacturing equipment. Recoveries of precious metals are recognized at historical FIFO costs. When we accumulate precious metals in excess of our production requirements, we may sell a portion of the excess metals.

Product Warranty — Our Climate Control Business sells equipment that has an expected life, under normal circumstances and use, which extends over several years. As such, we provide warranties after equipment shipment/start up covering defects in materials and workmanship.

Our accounting policy and methodology for warranty arrangements is to measure and recognize the expense and liability for such warranty obligations at the time of sale using a percentage of sales and cost per unit of equipment, based upon our historical and estimated future warranty costs. We also recognize the additional warranty expense and liability to cover atypical costs associated with a specific product, or component thereof, or project installation, when such costs are probable and reasonably estimable. It is reasonably possible that our estimated accrued warranty costs could change in the near term.

Contingencies — Certain conditions may exist which may result in a loss, but which will only be resolved when future events occur. We and our legal counsel assess such contingent liabilities, and such assessment inherently involves an exercise of judgment. If the assessment of a contingency indicates that it is probable that a loss has been incurred, we would accrue for such contingent losses when such losses can be reasonably estimated. If the assessment indicates that a potentially material loss contingency is not probable but reasonably possible, or is probable but cannot be estimated, the nature of the contingent liability, together with an estimate of the range of possible loss if determinable and material, would be disclosed. Estimates of potential legal fees and other directly related costs associated with contingencies are not accrued but rather are expensed as incurred. Loss contingency liabilities are included in current and noncurrent accrued and other liabilities and are based on current estimates that may be revised in the near term. In addition, we recognize contingent gains when such gains are realized or realizable and earned.

Derivatives, Hedges, Financial Instruments and Carbon Credits — Derivatives are recognized in the balance sheet and are measured at fair value. Changes in fair value of derivatives are recorded in results of operations unless the normal purchase or sale exceptions apply or hedge accounting is elected.

Climate reserve tonnes (“carbon credits”) are recognized in the balance sheet and are measured at fair value. Changes in fair value of carbon credits are recorded in results of operations. Contractual obligations associated with carbon credits are recognized in the balance sheet and are measured at fair value unless we enter into a firm sales commitment to sell the associated carbon credits. When we enter into a firm sales commitment, the sales price, pursuant to the terms of the firm sales commitment, establishes the amount of the associated contractual obligation. Changes in fair value of contractual obligations associated with carbon credits are recorded in results of operations.

Income Taxes — We do not recognize a tax benefit unless we conclude that it is more-likely-than-not that the benefit will be sustained on audit by the taxing authority based solely on the technical merits of the associated tax position. If the recognition threshold is met, we recognize a tax benefit measured at the largest amount of the tax benefit that, in our judgment, is greater than 50% likely to be realized. We also record interest related to unrecognized tax positions in interest expense and penalties in operating other expense.

Income tax benefits associated with amounts that are deductible for income tax purposes but that do not affect earnings are credited to equity. These benefits are principally generated from exercises of non-qualified stock options.

Recognition of Insurance Recoveries — If an insurance claim relates to a recovery of our losses, we recognize the recovery when it is probable and reasonably estimable. If our insurance claim relates to a contingent gain, we recognize the recovery when it is realized or realizable and earned. Amounts recoverable from our insurance carriers, if any, are included in accounts receivable.

Recently Issued Accounting Pronouncements — In 2011, the Financial Accounting Standards Board (“FASB”) issued an accounting standards update (“ASU”) clarifying how to measure and disclose fair value. The requirements under this ASU became effective for us on January 1, 2012 and were applied prospectively. See Note 9 — Derivatives, Hedges, Financial Instruments and Carbon Credits.

In 2011, the FASB issued ASUs amending comprehensive income guidance, which eliminate the option to present the components of other comprehensive income as part of the statement of stockholders’ equity. Instead, we must report comprehensive income, if any, in either a single continuous statement of comprehensive income which contains two sections, net income and other comprehensive income, or in two separate but consecutive statements. The requirements under these ASUs became effective for us on January 1, 2012; however, because we did not have any items of other comprehensive income to report for the periods presented, the adoption of these ASUs did not impact the accompanying condensed financial statements.

In 2011, the FASB issued an ASU requiring additional disclosures about an entity’s offsetting (netting) of certain assets and liabilities for the purpose of improving the transparency of financial reporting. Entities are required to disclose both gross information and net information about both instruments and transactions eligible for offset in the balance sheet and instruments and transactions subject to an agreement similar to a master netting arrangement. The new disclosure requirements become effective for us on January 1, 2013. The disclosure requirements are to be applied retrospectively.

Income Per Common Share

6 Months Ended

Jun. 30, 2012

Income Per Common Share [Abstract]

Income Per Common Share

Note 2: Income Per Common Share

The following table sets forth the computation of basic and diluted net income per common share:

(Dollars in Thousands, Except Per Share Amounts)


	Six Months Ended June 30,						Three Months Ended June 30,
	2012			2011			2012		2011
Numerator:
Net income	$	40,336		$	49,548		$	26,033	$	28,645
Dividends on Series B Preferred		(240	)		(240	)		—		—
Dividends on Series D Preferred		(60	)		(60	)		—		—
Dividends on Noncumulative Preferred		—			(5	)		—		—

Total dividends on preferred stocks		(300	)		(305	)		—		—

Numerator for basic net income per common share — net income applicable to common stock		40,036			49,243			26,033		28,645
Dividends on preferred stocks assumed to be converted, if dilutive		300			305			—		—
Interest expense including amortization of debt issuance costs, net of income taxes, on convertible debt assumed to be converted, if dilutive		—			290			—		25

Numerator for diluted net income per common share	$	40,336		$	49,838		$	26,033	$	28,670

Denominator:
Denominator for basic net income per common share — weighted-average shares		22,332,303			21,656,508			22,340,826		22,133,217
Effective of dilutive securities:
Convertible preferred stocks		917,346			935,626			916,666		935,626
Stock options		266,776			359,158			251,838		362,634
Convertible notes payable		—			534,146			—		95,000

Dilutive potential common shares		1,184,122			1,828,930			1,168,504		1,393,260

Denominator for diluted net income per common share — adjusted weighted-average shares and assumed conversions		23,516,425			23,485,438			23,509,330		23,526,477

Basic net income per common share	$	1.79		$	2.27		$	1.17	$	1.29

Diluted net income per common share	$	1.72		$	2.12		$	1.11	$	1.22

The following weighted-average shares of securities were not included in the computation of diluted net income per common share as their effect would have been antidilutive:


	Six Months Ended June 30,				Three Months Ended June 30,
	2012		2011		2012		2011
Stock options		254,000		—		254,000		—

Accounts Receivable, net

6 Months Ended

Jun. 30, 2012

Accounts Receivable, net [Abstract]

Accounts Receivable, net

Note 3: Accounts Receivable, net Our accounts receivables, net, consists of the following:


	June 30, 2012			December 31, 2011
	(In Thousands)
Trade receivables	$	83,774		$	87,303
Insurance claims		13,799			—
Other		799			1,003

		98,372			88,306
Allowance for doubtful accounts		(997	)		(955	)

	$	97,375		$	87,351

- Definition

The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=7512638&loc=d3e5066-111524

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.3,4)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=7512638&loc=d3e5162-111524

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(k))
-URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=7512638&loc=d3e5074-111524

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Statement of Position (SOP)
-Number 01-6
-Paragraph 13
-Subparagraph d
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 3, 4
-Article 5

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 03
-Paragraph 7
-Article 9

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 08
-Paragraph k
-Article 4

+ Details

Inventories

6 Months Ended

Jun. 30, 2012

Inventory [Abstract]

Inventories

Note 4: Inventories At June 30, 2012 and December 31, 2011, inventory reserves for certain slow-moving inventory items (Climate Control products) were $1,737,000 and $1,767,000, respectively. In addition, because cost exceeded the net realizable value, inventory reserves for certain nitrogen-based inventories provided by our Chemical Business were $16,000 at December 31, 2011 (none at June 30, 2012).

Changes in our inventory reserves are as follows:


	Six Months Ended June 30,						Three Months Ended June 30,
	2012			2011			2012			2011
	(In Thousands)
Balance at beginning of period	$	1,783		$	1,793		$	1,705		$	1,775
Provisions for losses		44			279			39			294
Write-offs and disposals		(90	)		(84	)		(7	)		(81	)

Balance at end of period	$	1,737		$	1,988		$	1,737		$	1,988

The provision for (realization of) losses is included in cost of sales in the accompanying condensed consolidated statements of income.

Current and Noncurrent Accrued and Other Liabilities

6 Months Ended

Jun. 30, 2012

Current and Noncurrent Accrued and Other Liabilities [Abstract]

Current and Noncurrent Accrued and Other Liabilities

Note 5: Current and Noncurrent Accrued and Other Liabilities Our current and noncurrent accrued and other liabilities consist of the following:


	June 30, 2012		December 31, 2011
	(In Thousands)
Deferred revenue on extended warranty contracts	$	6,814	$	6,461
Accrued payroll and benefits		6,332		7,267
Accrued warranty costs		6,078		5,370
Accrued death benefits		4,213		4,017
Accrued group health and workers’ compensation insurance claims		2,791		2,535
Accrued contractual manufacturing obligations		2,291		1,613
Fair value of derivatives and other		2,267		2,283
Accrued executive benefits		1,370		1,262
Customer deposits		1,343		4,505
Accrued commissions		1,327		1,016
Accrued contractual profit-sharing obligation		27		1,478
Other		6,864		6,109

		41,717		43,916
Less noncurrent portion		16,310		15,239

Current portion of accrued and other liabilities	$	25,407	$	28,677

Accrued Warranty Costs

6 Months Ended

Jun. 30, 2012

Accrued Warranty Costs [Abstract]

Accrued Warranty Costs

Note 6: Accrued Warranty Costs Our Climate Control Business sells equipment that has an expected life, under normal circumstances and use, which extends over several years. As such, we provide warranties after equipment shipment/start up covering defects in materials and workmanship. Generally for commercial/institutional products, the base warranty coverage for most of the manufactured equipment in the Climate Control Business is limited to eighteen months from the date of shipment or twelve months from the date of start up, whichever is shorter, and to ninety days for spare parts. For residential products, the base warranty coverage for manufactured equipment in the Climate Control Business is limited to ten years from the date of shipment for material and to five years from the date of shipment for labor associated with the repair. The warranty provides that most equipment is required to be returned to the factory or an authorized representative and the warranty is limited to the repair and replacement of the defective product, with a maximum warranty of the refund of the purchase price. Furthermore, companies within the Climate Control Business generally disclaim and exclude warranties related to merchantability or fitness for any particular purpose and disclaim and exclude any liability for consequential or incidental damages. In some cases, the customer may purchase or a specific product may be sold with an extended warranty. The above discussion is generally applicable to such extended warranties, but variations do occur depending upon specific contractual obligations, certain system components, and local laws.

Changes in our product warranty obligation (accrued warranty costs) are as follows:


	Six Months Ended June 30,						Three Months Ended June 30,
	2012			2011			2012			2011
				(In Thousands)
Balance at beginning of period	$	5,370		$	3,996		$	5,616		$	4,284
Amounts charged to costs and expenses		3,344			3,234			1,776			1,607
Costs incurred		(2,636	)		(2,632	)		(1,314	)		(1,293	)

Balance at end of period	$	6,078		$	4,598		$	6,078		$	4,598

Long-Term Debt

6 Months Ended

Jun. 30, 2012

Long-Term Debt [Abstract]

Long-Term Debt

Note 7: Long-Term Debt Our long-term debt consists of the following:


	June 30, 2012		December 31, 2011
	(In Thousands)
Working Capital Revolver Loan (A)	$	—	$	—
Secured Term Loan (B)		70,313		72,188
Other, with a current weighted-average interest rate of 6.84%, most of which is secured by machinery, equipment and real estate		4,502		7,272

		74,815		79,460
Less current portion of long-term debt		4,764		4,935

Long-term debt due after one year	$	70,051	$	74,525

(A)

Since the $50 million revolving credit facility (the “Working Capital Revolver Loan”) was scheduled to mature on April 13, 2012, our wholly-owned subsidiary, ThermaClime, LLC (“ThermaClime”) and its subsidiaries (collectively, the “Borrowers”) and the lender entered into an amendment to the Working Capital Revolver Loan, dated April 4, 2012, that continues to provide for advances based on specified percentages of eligible accounts receivable and inventories for ThermaClime and its subsidiaries. As amended, the Working Capital Revolver Loan matures on March 29, 2016, but could be extended to April 13, 2017 under certain conditions. The Working Capital Revolver Loan, as amended, accrues interest at a base rate (generally equivalent to the prime rate) plus .50% if borrowing availability is greater than $25 million, otherwise plus .75% (previously plus .50% only) or, at our option, accrues interest at LIBOR plus 1.50% if borrowing availability is greater than $25 million, otherwise plus 1.75% (previously plus 1.75% only). The interest rate at June 30, 2012 was 3.75% based on LIBOR. Interest continues to be paid monthly, if applicable.

As amended, the Working Capital Revolver Loan provides for up to $15 million of letters of credit. All letters of credit outstanding reduce availability under the Working Capital Revolver Loan. As of June 30, 2012, amounts available for borrowing under the Working Capital Revolver Loan were approximately $48.6 million. Under the Working Capital Revolver Loan, as amended, the lender also continues to require the Borrowers to pay a letter of credit fee equal to 1% per annum of the undrawn amount of all outstanding letters of credit, an unused line fee equal to .25% per annum (previously .375% per annum) for the excess amount available under the Working Capital Revolver Loan not drawn and various other audit, appraisal and valuation charges.

The lender continues to have the ability to, upon an event of default, as defined, terminate the Working Capital Revolver Loan and make the balance outstanding, if any, due and payable in full. The Working Capital Revolver Loan continues to be secured by the assets of all the ThermaClime entities other than El Dorado Nitric Company and its subsidiaries (“EDN”), but excluding the assets securing the Secured Term Loan, certain production equipment and facilities utilized by the Climate Control Business, and certain distribution-related assets of El Dorado Chemical Company (“EDC”). In addition, EDN is neither a borrower under, nor guarantor of, the Working Capital Revolver Loan. At June 30, 2012, the carrying value of the pledged assets was approximately $262 million.

The Working Capital Revolver Loan continues to require ThermaClime to meet a minimum fixed charge coverage ratio of not less than 1.10 to 1 measured on an annual basis, but the maximum senior leverage coverage ratio of not greater than 4.50 to 1 and the EBITDA requirement of greater than $25 million financial covenants have been eliminated. This requirement is to be measured on a fiscal year-end basis and as defined in the agreement. The Working Capital Revolver Loan continues to contain covenants that, among other things, limit the Borrowers’ (which does not include LSB) ability, without consent of the lender and with certain exceptions, to:

•

incur additional indebtedness,

•

incur liens,

•

make restricted payments or loans to affiliates who are not Borrowers,

•

engage in mergers, consolidations or other forms of recapitalization, or

•

dispose assets.

However, pursuant to the Working Capital Revolver Loan amendment, such negative covenants were modified so as to provide the Borrowers with more flexibility in regards to such activities. Pursuant to certain agreements with the lender, all collections on accounts receivable are no longer made through a bank account in the name of the lender or their agent. As a result and compared to previous periods, we expect this change will reduce the amount of cash flow activity associated with the Working

Capital Revolver Loan, which is also reported as cash flows from continuing financing activities.

(B)

On March 29, 2011, ThermaClime and certain of its subsidiaries entered into an amended and restated term loan agreement (the “Amended Agreement”), which amended ThermaClime’s existing term loan agreement (the “Original Agreement”). Pursuant to the terms of the Amended Agreement, the maximum principal amount of ThermaClime’s term loan facility (the “Secured Term Loan”) was increased from $50 million to $60 million. On May 26, 2011, the principal amount of the Secured Term Loan was increased an additional $15 million to $75 million pursuant to the terms of the Amended Agreement. The Amended Agreement also extended the maturity of the Secured Term Loan from November 2, 2012, to March 29, 2016. For financial reporting purposes, this transaction was considered a non-substantial modification of the Original Agreement.

The Secured Term Loan requires quarterly principal payments of approximately $0.9 million, plus interest and a final balloon payment of $56.3 million due on March 29, 2016. The stated interest rate on the Secured Term Loan includes a variable interest rate (based on three-month LIBOR plus 300 basis points, which rate is adjusted quarterly) and a fixed interest rate as detailed below:


	June 30, 2012
	Stated Interest Rate			Principal Balance
	(Dollars in Thousands)
Variable interest rate		3.47	%	$	46,875
Fixed interest rate		5.15	%		23,438

Weighted-average interest rate		4.03	%	$	70,313

The Secured Term Loan is secured by the real property and equipment located at our chemical production facilities located in El Dorado, Arkansas (the “El Dorado Facility”) and in Cherokee, Alabama (the “Cherokee Facility”). The carrying value of the pledged assets is approximately $68 million at June 30, 2012. In addition, the Secured Term Loan is guaranteed by LSB.

The Secured Term Loan borrowers are subject to numerous covenants under the Amended Agreement including, but not limited to, limitation on the incurrence of certain additional indebtedness and liens; limitations on mergers, acquisitions, dissolution and sale of assets; and limitations on declaration of dividends and distributions to LSB, all with certain exceptions. At June 30, 2012, the carrying value of the restricted net assets (including pledged assets) of ThermaClime and its subsidiaries was approximately $76 million. As defined in the agreement, the Secured Term Loan borrowers are also subject to a minimum fixed charge coverage ratio of not less than 1.10 to 1 and a maximum leverage ratio of not greater than 4.50 to 1. Both of these requirements are measured quarterly on a trailing twelve-month basis. The Secured Term Loan borrowers were in compliance with these financial covenants for the twelve-month period ended June 30, 2012.

The maturity date of the Secured Term Loan can be accelerated by the lender upon the occurrence of a continuing event of default, as defined.

The Working Capital Revolver Loan agreement (discussed in (A) above) and the Secured Term Loan contain cross-default provisions. If ThermaClime fails to meet the financial covenants of either of these agreements, the lenders may declare an event of default.

A prepayment premium equal to 1.0% of the principal amount prepaid is due to the lenders should the borrowers elect to prepay on or prior to March 29, 2014, however, this premium is eliminated thereafter.

March 2011 Transaction

On March 31, 2011, one of the holders of the 5.5% debentures (“2007 Debentures”) converted $24.4 million principal amount of the 2007 Debentures into 888,160 shares of LSB common stock. For financial reporting purposes, this transaction was considered an induced conversion.

Commitments and Contingencies

6 Months Ended

Jun. 30, 2012

Commitments and Contingencies [Abstract]

Commitments and Contingencies

Note 8: Commitments and Contingencies

Purchase and Sales Commitments — The following significant commitments include contracts entered into during the six months ended June 30, 2012:

Certain subsidiaries within the Chemical Business entered into contracts to purchase natural gas for anticipated production needs at the Cherokee Facility and our chemical production facility located in Pryor, Oklahoma (the “Pryor Facility”). Since these contracts are considered normal purchases because they provide for the purchase of natural gas that will be delivered in quantities expected to be used over a reasonable period of time in the normal course of business and are documented as such, these contracts are exempt from the accounting and reporting requirements relating to derivatives. At June 30, 2012, our purchase commitments under these contracts were for approximately 0.7 million MMBtu of natural gas through October 2012 at the weighted-average cost of $3.42 per MMBtu ($2.5 million) and a weighted-average market value of $2.82 per MMBtu ($2.0 million). See Note 9 — Derivatives, Hedges, Financial Instruments and Carbon Credits for our commitments relating to derivative contracts and carbon credits at June 30, 2012.

Legal Matters — Following is a summary of certain legal matters involving the Company.

A. Environmental Matters

Our operations are subject to numerous environmental laws (“Environmental Laws”) and to other federal, state and local laws regarding health and safety matters (“Health Laws”). In particular, the manufacture and distribution of chemical products are activities which entail environmental risks and impose obligations under the Environmental Laws and the Health Laws, many of which provide for certain performance obligations, substantial fines and criminal sanctions for violations. There can be no assurance that we will not incur material costs or liabilities in complying with such laws or in paying fines or penalties for violation of such laws. The Environmental Laws and Health Laws and enforcement policies thereunder relating to our Chemical Business have in the past resulted, and could in the future result, in compliance expenses, cleanup costs, penalties or other liabilities relating to the handling, manufacture, use, emission, discharge or disposal of effluents at or from our facilities or the use or disposal of certain of its chemical products. Historically, significant expenditures have been incurred by subsidiaries within our Chemical Business in order to comply with the Environmental Laws and Health Laws and are reasonably expected to be incurred in the future.

We will recognize a liability for the fair value of a conditional asset retirement obligation if the fair value of the liability can be reasonably estimated. We are obligated to manage certain discharge water outlets and monitor groundwater contaminants at our Chemical Business facilities should we discontinue the operations of a facility. We are also contractually obligated through at least December 2053 to pay a portion of the operating costs of a municipally owned wastewater pipeline currently being constructed, which will serve the El Dorado Facility. Additionally, we have certain facilities in our Chemical Business that contain asbestos insulation around certain piping and heated surfaces, which we plan to maintain or replace, as needed, with non-asbestos insulation through our standard repair and maintenance activities to prevent deterioration. Currently, there is insufficient information to estimate the fair value for most of our asset retirement obligations. In addition, we currently have no plans to discontinue the use of these facilities and the remaining life of the facilities is indeterminable. As a result, a liability for only a minimal amount relating to asset retirement obligations has been established at June 30, 2012. However, we will continue to review these obligations and record a liability when a reasonable estimate of the fair value can be made.

1. Discharge Water Matters

The El Dorado Facility owned by our subsidiary, EDC, generates process wastewater, which includes cooling tower and boiler water quality control streams, contact storm water (rain water inside the facility area which picks up contaminants) and miscellaneous spills and leaks from process equipment. The process water discharge, storm-water runoff and miscellaneous spills and leaks are governed by a state National Pollutant Discharge Elimination System (“NPDES”) discharge water permit issued by the Arkansas Department of Environmental Quality (“ADEQ”), which permit is generally required to be renewed every five years. The El Dorado Facility is currently operating under a NPDES discharge water permit, which became effective in 2004 (“2004 NPDES permit”). In November 2010, a preliminary draft of a discharge water permit renewal, which contains more restrictive ammonia limits, was issued by the ADEQ for EDC’s review. EDC submitted comments to the ADEQ on the draft permit in December 2010.

The El Dorado Facility has generally demonstrated its ability to comply with applicable ammonia and nitrate permit limits, but has, from time to time, had difficulty demonstrating consistent compliance with the more restrictive dissolved minerals permit levels. As part of the El Dorado Facility’s long-term compliance plan, EDC has pursued a rulemaking and permit modification with the ADEQ. The ADEQ approved a rule change, but on August 31, 2011, the United States Environmental Protection

Agency (“EPA”) formally disapproved the rule change. On October 7, 2011, EDC filed a lawsuit against the EPA in the United States District Court, El Dorado, Arkansas, appealing the EPA’s decision disapproving the rule change. We do not believe this matter regarding the dissolved minerals will be an issue once the pipeline discussed below is operational.

The City of El Dorado, Arkansas (the “City”) received approval to construct a pipeline for disposal of wastewater generated by the City and by certain companies in the El Dorado area. However, in November 2011, opponents of the pipeline filed a lawsuit against the City and the pipeline consultants for alleged violations of the Freedom of Information Act. We do not believe that this lawsuit will affect the City’s approval, or the City’s construction, of the pipeline. The companies intending to use the pipeline will contribute to the cost of construction and operation of the pipeline. Although EDC believes it can comply with the more restrictive permit limits without the pipeline, except for an occasional difficulty demonstrating consistent compliance with the more restrictive dissolved minerals permit limits, EDC will participate in the construction of the pipeline that will be owned by the City in order to ensure that EDC will be able to comply with future permit limits. During April 2011, certain companies, including EDC, and the City entered into a funding agreement and operating agreement, pursuant to which each party to the agreements has agreed to contribute to the cost of construction and the annual operating costs of the pipeline for the right to use the pipeline to dispose its wastewater. EDC anticipates its capital cost in connection with the construction of the pipeline will be approximately $4.0 million, of which $1.3 million has been capitalized as of June 30, 2012. The City plans to complete the construction of the pipeline by mid-2014. Once the pipeline is completed, EDC’s estimated share of the annual operating costs is to be $100,000 to $150,000. The initial term of the operating agreement is through December 2053.

In addition, the El Dorado Facility is currently operating under a consent administrative order (“2006 CAO”) that recognizes the presence of nitrate contamination in the shallow groundwater. The 2006 CAO required EDC to continue semi-annual groundwater monitoring, to continue operation of a groundwater recovery system and to submit a human health and ecological risk assessment to the ADEQ relating to the El Dorado Facility. The final remedy for shallow groundwater contamination, should any remediation be required, will be selected pursuant to a new consent administrative order and based upon the risk assessment. The cost of any additional remediation that may be required will be determined based on the results of the investigation and risk assessment, which costs (or range of costs) cannot currently be reasonably estimated. Therefore, no liability has been established at June 30, 2012, in connection with this matter.

2. Air Matters

The EPA has sent information requests to most, if not all, of the operators of nitric acid plants in the United States, including our El Dorado and Cherokee Facilities and the chemical production facility located in Baytown, Texas (the “Baytown Facility”) operated by our subsidiary, EDN, under Section 114 of the Clean Air Act as to construction and modification activities at each of these facilities over a period of years. These information requests were to enable the EPA to determine whether these facilities are in compliance with certain provisions of the Clean Air Act. If it were determined that the equipment at any of our chemical facilities does not meet, or has not met, the requirements of the Clean Air Act, our Chemical Business could be subject to penalties in an amount not to exceed $27,500 per day as to each facility not in compliance and be required to retrofit each facility with the “best available control technology.”

After a review by our Chemical Business of these facilities in obtaining information for the EPA pursuant to the EPA’s request, our Chemical Business management believes that certain facilities within our Chemical Business may be required to make capital improvements to emission equipment in order to comply with the requirements of the Clean Air Act. During the first quarter of 2012, our Chemical Business provided to the EPA a proposed global settlement offer in connection with this matter, which settlement offer would require implementation of additional pollution controls to be installed over a period of time in each of our ten affected nitric acid plants to achieve certain proposed emission rates. The proposal also offered to negotiate a modest civil penalty but did not provide an amount of any proposed civil penalty. Since the specific types of pollution controls necessary to meet the proposed emission rates at each plant have not been determined, the total capital cost to achieve the proposed emission rates has not been determined with any degree of accuracy; however, the total capital cost could be significant.

The United States Department of Justice (“DOJ”), on behalf of the EPA, has responded in writing to our proposed global settlement offer and advised in its response which of our proposals are acceptable and not acceptable and certain other provisions that the United States would require in a global settlement. The DOJ’s response also provided that they will require, among other things, that we pay an appropriate civil penalty to the United States and participating state parties, with the amount to be determined after the parties have reached agreement on the core components of a consent decree, and that any settlement is contingent upon the incorporation of the settlement terms into a definitive consent decree acceptable to the parties. Therefore a liability of $100,000 for potential civil penalties has been established at June 30, 2012, in connection with this matter. We are currently corresponding with the DOJ in an effort to resolve this matter.

3. Other Environmental Matters

In 2002, two subsidiaries within our Chemical Business, sold substantially all of their operating assets relating to a Kansas chemical facility (“Hallowell Facility”) but retained ownership of the real property. At December 31, 2002, even though we continued to own the real property, we did not assess our continuing involvement with our former Hallowell Facility to be significant and therefore accounted for the sale as discontinued operations. In connection with this sale, our subsidiary leased the real property to the buyer under a triple net long-term lease agreement. However, our subsidiary retained the obligation to be responsible for, and perform the activities under, a previously executed consent order to investigate the surface and subsurface contamination at the real property and a corrective action strategy based on the investigation. In addition, certain of our subsidiaries agreed to indemnify the buyer of such assets for these environmental matters. Based on the assessment discussed above, we account for transactions associated with the Hallowell Facility as discontinued operations.

The successor (“Chevron”) of a prior owner of the Hallowell Facility has agreed in writing, on a nonbinding basis and within certain other limitations, to pay and has been paying one-half of the costs of the interim measures relating to this matter as approved by the Kansas Department of Environmental Quality, subject to reallocation.

Our subsidiary and Chevron are pursuing with the state of Kansas a course of long-term surface and groundwater monitoring to track the natural decline in contamination. Currently, our subsidiary and Chevron are in the process of performing additional surface and groundwater testing. We have accrued for our allocable portion of costs for the additional testing, monitoring and risk assessments that could be reasonably estimated.

In addition, the Kansas Department of Health and Environment (“KDHE”) notified our subsidiary and Chevron that the Hallowell Facility has been referred to the KDHE’s Natural Resources Trustee, who is to consider and recommend restoration, replacement and/or whether to seek compensation. KDHE will consider the recommendations in their evaluation. Currently, it is unknown what damages the KDHE would claim, if any. The ultimate required remediation, if any, is unknown. The nature and extent of a portion of the requirements are not currently defined and the associated costs (or range of costs) are not reasonably estimable.

At June 30, 2012, our allocable portion of the total estimated liability related to the Hallowell Facility of $208,000 has been established in connection with this matter. The estimated amount is not discounted to its present value. It is reasonably possible that a change in the estimate of our liability could occur in the near term.

B. Other Pending, Threatened or Settled Litigation

The Jayhawk Group

In November 2006, we entered into an agreement with Jayhawk Capital Management, LLC, Jayhawk Investments, L.P., Jayhawk Institutional Partners, L.P. and Kent McCarthy, the manager and sole member of Jayhawk Capital, (collectively, the “Jayhawk Group”), in which the Jayhawk Group agreed, among other things, that if we undertook, in our sole discretion, within one year from the date of agreement a tender offer for our Series 2 $3.25 convertible exchangeable Class C preferred stock (“Series 2 Preferred”) or to issue our common stock for a portion of our Series 2 Preferred pursuant to a private exchange, that they would tender or exchange an aggregate of no more than 180,450 shares of the 340,900 shares of the Series 2 Preferred beneficially owned by the Jayhawk Group, subject to, among other things, the entities owned and controlled by Jack E. Golsen, our chairman and chief executive officer (“Golsen”), and his immediate family, that beneficially own Series 2 Preferred only being able to exchange or tender approximately the same percentage of shares of Series 2 Preferred beneficially owned by them as the Jayhawk Group was able to tender or exchange under the terms of the agreement.

During 2007, we made a tender offer for our outstanding Series 2 Preferred at the rate of 7.4 shares of our common stock for each share of Series 2 Preferred so tendered. In July 2007, we redeemed the balance of our outstanding shares of Series 2 Preferred. Pursuant to its terms, the Series 2 Preferred was convertible into 4.329 shares of our common stock for each share of Series 2 Preferred. As a result of the redemption, the Jayhawk Group converted the balance of its Series 2 Preferred pursuant to the terms of the Series 2 Preferred in lieu of having its shares redeemed.

The Jayhawk Group has filed suit against us and Golsen alleging that the Jayhawk Group should have been able to tender all of its Series 2 Preferred pursuant to the tender offer, notwithstanding the above-described agreement, based on the following claims against us and Golsen:

•

fraudulent inducement and fraud,

•

violation of 10(b) of the Exchange Act and Rule 10b-5,

•

violation of 17-12A501 of the Kansas Uniform Securities Act, and

•

breach of contract.

The Jayhawk Group seeks damages up to $12 million based on the additional number of common shares it allegedly would have received on conversion of all of its Series 2 Preferred through the February 2007 tender offer, plus punitive damages. In May 2008, the General Counsel for the Jayhawk Group offered to settle its claims against us and Golsen in return for a payment of $100,000, representing the approximate legal fees it had incurred investigating the claims at that time. Through counsel, we verbally agreed to the settlement offer and confirmed the agreement by e-mail. Afterward, the Jayhawk Group’s General Counsel purported to withdraw the settlement offer, and asserted that Jayhawk is not bound by any settlement agreement. We contend that the settlement agreement is binding on the Jayhawk Group. During September 2011, this case was tried before the court in the United States District Court for the District of Kansas. We are awaiting the court’s decision in this matter. Our insurer, Chartis, a subsidiary of AIG, has agreed to defend this lawsuit on our behalf and to indemnify under a reservation of rights to deny liability under certain conditions. We have incurred expenses associated with this matter up to our insurance deductible of $250,000, and our insurer is paying defense costs in excess of our deductible in this matter. Although our insurer is defending this matter under a reservation of rights, we are not currently aware of any material issue in this case that would result in our insurer denying coverage. Therefore, no liability has been established at June 30, 2012 as a result of this matter.

Pryor Chemical Company

A subsidiary within our Chemical Business, Pryor Chemical Company (“PCC”) has filed lawsuits against certain vendors of PCC related to work performed at the Pryor Facility. The claims allege certain damages resulting from improperly performed work by the vendors and for lost profits and other costs as the result of downtime at the Pryor Facility. The total amount for damages and lost profits claimed is substantial but the amount and timing of the ultimate recovery is uncertain. As a result, any recovery from litigation or settlement of these claims is a gain contingency and will be recognized if, and when, realized or realizable and earned.

Other Claims and Legal Actions

We are also involved in various other claims and legal actions including claims for damages resulting from water leaks related to our Climate Control products and other product liability occurrences. Most of the product liability claims are covered by our general liability insurance, which generally includes a deductible of $250,000 per claim. For any claims or legal actions that we have assessed the likelihood of our liability as probable, we have recognized our estimated liability up to the applicable deductible. At June 30, 2012, our accrued general liability insurance claims were $755,000 and are included in accrued and other liabilities. It is possible that the actual development of claims could be different from our estimates but, after consultation with legal counsel, if those general liability insurance claims for which we have not recognized a liability were determined adversely to us, it would not have a material effect on our business, financial condition or results of operations.

- Definition

The entire disclosure for commitments and contingencies.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6449706&loc=d3e16207-108621

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 460
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=6398077&loc=d3e12565-110249

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 450
-SubTopic 20
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=6952336&loc=d3e14435-108349

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.25)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 440
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6394976&loc=d3e25287-109308

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name FASB Interpretation (FIN)
-Number 14
-Paragraph 3
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 5
-Paragraph 9, 10, 11, 12
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Derivatives, Hedges, Financial Instruments and Carbon Credits

6 Months Ended

Jun. 30, 2012

Derivatives, Hedges, Financial Instruments and Carbon Credits [Abstract]

Derivatives, Hedges, Financial Instruments and Carbon Credits

Note 9: Derivatives, Hedges, Financial Instruments and Carbon Credits We have three classes of contracts that are accounted for on a fair value basis, which are commodities futures/forward contracts (“commodities contracts”), foreign exchange contracts and interest rate contracts as discussed below. All of these contracts are used as economic hedges for risk management purposes but are not designated as hedging instruments. In addition as discussed below, we are issued carbon credits, which a certain portion of the carbon credits are to be sold and the proceeds given to Bayer Material Science LLC (“Bayer”). The carbon credits are accounted for on a fair value basis as discussed below. Also the contractual obligations associated with these carbon credits are accounted for on a fair value basis (as discussed below) unless we enter into a firm sales commitment to sell the carbon credits as discussed in Note 1 — Summary of Significant Accounting Policies. The valuations of these assets and liabilities were determined based on quoted market prices or, in instances where market quotes are not available, other valuation techniques or models used to estimate fair values.

The valuations of contracts classified as Level 1 are based on quoted prices in active markets for identical contracts. The valuations of contracts classified as Level 2 are based on quoted prices for similar contracts and valuation inputs other than quoted prices that are observable for these contracts. At June 30, 2012, the valuations of contracts classified as Level 2 related to a foreign exchange contract and an interest rate swap contract. For foreign exchange and interest rate swap contracts, we utilize valuation software and market data from a third-party provider. For foreign exchange contracts, these contracts are valued using the foreign currency exchange rate pursuant to the terms of the contracts and using market information for foreign currency exchange rates. At June 30, 2012, the valuation inputs included the contractual weighted-average exchange rate (U.S. Dollar/Euro) of approximately 1.27 and the estimated market weighted-average exchange rate of approximately 1.27. For interest rate contracts, these contracts are valued using a discounted cash flow model that calculates the present value of future cash flows pursuant to the terms of the contracts and using market information for forward interest-rate yield curves. At June 30, 2012, the valuation inputs included the contractual weighted-average pay rate of 3.23% and the estimated market weighted-average receive rate of 0.71%. No valuation input adjustments were considered necessary relating to nonperformance risk for the contracts.

The valuations of assets and liabilities classified as Level 3 are based on prices or valuation techniques that require inputs that are both unobservable and significant to the overall fair value measurement. At June 30, 2012, the valuations ($3.15 per carbon credit) of the carbon credits and the contractual obligations associated with these carbon credits are classified as Level 3 and are based on the range of prices ($1.00 to $4.00) per carbon credit obtained from brokers involved in this low volume market and an offer from a potential customer. At December 31, 2011, the valuations ($3.15 per carbon credit) of the carbon credits and the contractual obligations associated with these carbon credits are classified as Level 3 and are based on the range of ask/bid prices ($1.00 to $3.00) per carbon credit obtained from a broker involved in this low volume market, the sales price of a December 2011 transaction and an offer received from a potential customer. The valuations are using undiscounted cash flows based on management’s assumption that the carbon credits would be sold and the associated contractual obligations would be extinguished in the near term. In addition, no valuation input adjustments were considered necessary relating to nonperformance risk for the carbon credits and associated contractual obligations.

Commodities Contracts

Raw materials for use in our manufacturing processes include copper used by our Climate Control Business and anhydrous ammonia and natural gas used by our Chemical Business. As part of our raw material price risk management, we periodically enter into futures/forward contracts for these materials, which contracts may be required to be accounted for on a mark-to-market basis. At December 31, 2011, our futures/forward copper contracts were for 375,000 pounds of copper through May 2012 at a weighted-average cost of $3.42 per pound. At June 30, 2012, our futures/forward copper contracts were for 625,000 pounds of copper through December 2012 at a weighted-average cost of $3.83 per pound. At December 31, 2011 and June 30, 2012, we did not have any futures/forward natural gas contracts requiring mark-to-market accounting. The cash flows relating to these contracts are included in cash flows from continuing operating activities, if any.

Foreign Exchange Contracts

One of our business operations purchases industrial machinery and related components from vendors outside of the United States. As part of our foreign currency risk management, we periodically enter into foreign exchange contracts, which set the U.S. Dollar/Euro exchange rates. These contracts are free-standing derivatives and are accounted for on a mark-to-market basis. At December 31, 2011, we did not have any foreign exchange contracts. At June 30, 2012, our foreign exchange contract was for the receipt of approximately 344,000 Euros through August 2012 at the contractual weighted-average exchange rate (U.S. Dollar/Euro) of approximately 1.27. The cash flows relating to these contracts are included in cash flows from continuing operating activities, if any.

Interest Rate Contracts

As part of our interest rate risk management, we periodically purchase and/or enter into various interest rate contracts. In April 2008, we entered into an interest rate swap at no cost, which set a fixed three-month LIBOR rate of 3.24% on $25 million and matured in April 2012. In September 2008, we acquired an interest rate swap at a cost basis of $0.4 million, which set a fixed three-month LIBOR rate of 3.595% on $25 million and matured in April 2012. These contracts were free-standing derivatives and were accounted for on a mark-to-market basis.

In February 2011, we entered into an interest rate swap at no cost, which sets a fixed three-month LIBOR rate of 3.23% on a declining balance (from $23.8 million to $18.8 million) for the period beginning in April 2012 through March 2016. This contract is a free-standing derivative and is accounted for on a mark-to-market basis.

During the six months ended June 30, 2012 and 2011, no cash flows occurred relating to the purchase or sale of interest rate contracts. The cash flows associated with the interest rate swap payments are included in cash flows from continuing operating activities.

Carbon Credits and Associated Contractual Obligation

Periodically, we are issued carbon credits by the Climate Action Reserve in relation to a greenhouse gas reduction project (“Project”) performed at the Baytown Facility. Pursuant to the terms of the agreement with Bayer, a certain portion of the carbon credits are to be used to recover the costs of the Project, and any balance thereafter to be allocated between Bayer and EDN. We have no obligation to reimburse Bayer for their costs associated with the Project, except through the transfer or sale of the carbon credits when such credits are issued to us. The carbon credits are accounted for on a fair value basis and the contractual obligations associated with these carbon credits are also accounted for on a fair value basis (unless we enter into a firm sales commitment to sell the carbon credits). At December 31, 2011 and June 30, 2012, we had a minimal amount of carbon credits, all of which were subject to contractual obligations. As a result, changes in the amounts of our unobservable valuation inputs (discussed above) would not result in a significant change in the fair value of the carbon credits and the associated contractual obligations and such changes would not impact net income. The cash flows associated with the carbon credits and the associated contractual obligations are included in cash flows from continuing investing activities.

The following details our assets and liabilities that are measured at fair value on a recurring basis at June 30, 2012 and December 31, 2011:


	Fair Value Measurements at June 30, 2012 Using
Description	Total Fair Value At June 30, 2012		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total Fair Value at December 31, 2011
	(In Thousands)
Assets — Supplies, prepaid items and other:
Commodities contracts	$	—	$	—	$	—	$	—	$	11
Carbon credits		42		—		—		42		42

Total	$	42	$	—	$	—	$	42	$	53

Liabilities — Current and noncurrent accrued and other liabilities:
Commodities	$	208	$	208	$	—	$	—	$	—
Foreign exchange contracts		2		—		2		—		—
Contractual obligations — carbon credits		42		—		—		42		42
Interest rate contracts		2,015		—		2,015		—		2,241

Total	$	2,267	$	208	$	2,017	$	42	$	2,283

During the six months ended June 30, 2012 and 2011, none of our assets or liabilities measured at fair value on a recurring basis transferred between Level 1 and Level 2 classifications. In addition, the following is a reconciliation of the beginning and ending balances for assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3):


	Assets					Liabilities						Assets					Liabilities
	Six Months Ended June 30,					Six Months Ended June 30,						Three Months Ended June 30,					Three Months Ended June 30,
	2012		2011			2012			2011			2012		2011			2012			2011
	(In Thousands)
Beginning balance	$	42	$	644		$	(42	)	$	(644	)	$	42	$	11		$	(42	)	$	—
Transfers into Level 3		—		—			—			—			—		—			—			—
Transfers out of Level 3		—		—			—			—			—		—			—			—
Total realized and unrealized gains (losses) included in earnings		—		1,030			—			(936	)		—		990			—			(896	)
Purchases		—		—			—			—			—		—			—			—
Issuances		—		—			—			—			—		—			—			—
Sales		—		(1,665	)		—			—			—		(992	)		—			—
Settlements		—		—			—			1,573			—		—			—			889

Ending balance	$	42	$	9		$	(42	)	$	(7	)	$	42	$	9		$	(42	)	$	(7	)

Realized and unrealized net losses included in earnings and the income statement classifications are as follows:


	Six Months Ended June 30,						Three Months Ended June 30,
	2012			2011			2012			2011
	(In Thousands)
Total net gains (losses) included in earnings:
Cost of sales — Commodities contracts	$	(72	)	$	(194	)	$	(214	)	$	(43	)
Cost of sales — Foreign exchange contracts		(8	)		46			(8	)		6
Other income — Carbon credits		—			1,030			—			990
Other expenses — Contractual obligations relating to carbon credits		—			(936	)		—			(896	)
Interest expense — Interest rate contracts		(329	)		(1,026	)		(233	)		(688	)

	$	(409	)	$	(1,080	)	$	(455	)	$	(631	)


	Six Months Ended June 30,						Three Months Ended June 30,
	2012			2011			2012			2011
	(In Thousands)
Change in unrealized gains (losses) relating to contracts still held at period end:
Cost of sales — Commodities contracts	$	(208	)	$	(52	)	$	(209	)	$	(20	)
Cost of sales — Foreign exchange contracts		(2	)		—			(2	)		—
Other income — Carbon credits		—			9			—			9
Other expenses — Contractual obligations relating to carbon credits		—			(7	)		—			(7	)
Interest expense — Interest rate contracts		226			(240	)		(44	)		(292	)

	$	16		$	(290	)	$	(255	)	$	(310	)

At June 30, 2012 and December 31, 2011, we did not have any financial instruments with fair values significantly different from their carrying amounts. These financial instruments include our long-term debt agreements, which valuations are classified as Level 3 and are based on valuation techniques that require inputs that are both unobservable and significant to the overall fair value measurement. The fair value measurement of our long-term debt agreements are valued using a discounted cash flow model that calculates the present value of future cash flows pursuant to the terms of the debt agreements and applies estimated current market interest rates. The estimated current market interest rates are based primarily on interest rates currently being offered on borrowings of similar amounts and terms. In addition, no valuation input adjustments were considered necessary relating to nonperformance risk for the debt agreements. The fair value of financial instruments is not indicative of the overall fair value of our assets and liabilities since financial instruments do not include all assets, including intangibles, and all liabilities.

- Definition

The entire disclosure for the entity's entire derivative instruments and hedging activities. Describes an entity's risk management strategies, derivatives in hedging activities and non-hedging derivative instruments, the assets, obligations, liabilities, revenues and expenses arising therefrom, and the amounts of and methodologies and assumptions used in determining the amounts of such items.

+ References

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+ Details

Income Taxes

6 Months Ended

Jun. 30, 2012

Income Taxes [Abstract]

Income Taxes

Note 10: Income Taxes Provisions for income taxes are as follows:


	Six Months Ended June 30,				Three Months Ended June 30,
	2012		2011		2012		2011
	(In Thousands)
Current:
Federal	$	17,441	$	21,914	$	12,051	$	12,766
State		3,273		5,669		2,198		3,123

Total Current		20,714		27,583		14,249		15,889

Deferred:
Federal		2,220		1,378		1,049		1,414
State		319		188		153		189

Total Deferred		2,539		1,566		1,202		1,603

Provisions for income taxes	$	23,253	$	29,149	$	15,451	$	17,492

For the six and three months ended June 30, 2012 and 2011, the current provision for federal income taxes shown above includes regular federal income tax after the consideration of permanent and temporary differences between income for GAAP and tax purposes. For the six and three months ended June 30, 2012 and 2011, the current provision for state income taxes shown above includes regular state income tax and provisions for uncertain state income tax positions.

At December 31, 2011, we have remaining state tax net operating loss (“NOL”) carryforwards of approximately $8.0 million that begin expiring in 2013.

Our annual estimated effective tax rate for 2012 includes the impact of permanent tax differences, such as the domestic manufacturer’s deduction, the advanced energy credit and other permanent items.

The tax provision for the six months ended June 30, 2012 and 2011 was $23.3 million (36% of pre-tax income) and $29.1 million (37% of pre-tax income), respectively.

We had approximately $1.0 million and $0.7 million accrued for uncertain tax liabilities at June 30, 2012 and December 31, 2011, respectively, which are included in current and noncurrent accrued and other liabilities.

LSB and certain of its subsidiaries file income tax returns in the U.S. federal jurisdiction and various state jurisdictions. With few exceptions, the 2008-2010 years remain open for all purposes of examination by the U.S. Internal Revenue Service (“IRS”) and other major tax jurisdictions. Currently, we are under examination by the IRS and certain state tax authorities for the tax years 2007-2010.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-Paragraph 1
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+ Details

Property and Business Interruption Insurance Claims

6 Months Ended

Jun. 30, 2012

Property and Business Interruption Insurance Claims [Abstract]

Property and Business Interruption Insurance Claims

Note 11: Property and Business Interruption Insurance Claims Beginning on February 27, 2012, the Pryor Facility experienced unplanned downtime in the urea plant due to a damaged stainless steel liner within the urea reactor. As a result, the Pryor Facility was unable to produce urea ammonium nitrate (“UAN”) through the end of the second quarter of 2012. Our insurance policy provides for replacement cost coverage relating to property damage with a $1.0 million deductible and provides for business interruption coverage for certain lost profits and extra expense with a 30-day waiting period. A notice of insurance claims for property damage and business interruption was filed with the insurance carrier but the total amount has not been determined. After an initial investigation was performed by an insurance adjuster, we received a reservation of rights letter stating that some insurance policy exclusions could apply resulting in a full or partial denial as to our claims for property damage and/or business interruption. A recovery, if any, from our insurance coverage has not been recognized since for accounting purposes it is not probable and reasonably estimable and/or it is considered a gain contingency, which will be recognized if, and when, realized or realizable and earned.

On May 15, 2012, the El Dorado Facility suffered significant damage when a reactor in its 98% concentrated nitric acid plant (“DSN plant”) exploded. No employees or individuals in the surrounding area were seriously injured as a result of the explosion. Due to extensive damages, the DSN plant is not being repaired but is being replaced with a new 65% concentrated nitric acid plant and a separate nitric acid concentration plant. In addition, several other plants and infrastructure within the El Dorado Facility sustained various degrees of damage. Our insurance policy provides for replacement cost coverage relating to property damage with a $1.0 million deductible and provides for business interruption coverage for certain lost profits and extra expense with a 30-day waiting period. A notice of insurance claims for property damage and business interruption was filed with the insurance carriers but the total amounts have not been determined but are expected to be substantial. Because our replacement cost coverage for property damages is estimated to exceed our property loss deductible, the net book value of the damaged property and other recoverable costs incurred through June 30, 2012, we did not recognize a loss relating to property damage from this explosion but we recorded an insurance claim receivable relating to this event primarily consisting of the disposal of the net book value of damaged property and certain repairs and clean-up costs incurred. In addition, a recovery for certain lost profits, if any, from our business interruption coverage has not been recognized since it is considered a gain contingency, which will be recognized if, and when, realized or realizable and earned. As of June 30, 2012, the balance of the insurance claim receivable relating to this event was $13.5 million. In general, if a recovery from our insurance coverage exceeds the balance of the insurance claim receivable, a gain will be recognized when realized or realizable and earned.

Other Expense, Other Income and Non-Operating Other Income (Expense), net

6 Months Ended

Jun. 30, 2012

Other Expense, Other Income and Non-Operating Other Income (Expense), net [Abstract]

Other Expense, Other Income and Non-Operating Other Income (Expense), net

Note 12: Other Expense, Other Income and Non-Operating Other Income (Expense), net


	Six Months Ended June 30,						Three Months Ended June 30,
	2012			2011			2012			2011
				(In Thousands)
Other expense:
Losses on sales and disposals of property and equipment	$	551		$	895		$	536		$	914
Losses on contractual obligations associated with carbon credits		—			936			—			896
Miscellaneous expense (1)		171			552			19			511

Total other expense	$	722		$	2,383		$	555		$	2,321

Other income:
Gains on carbon credits	$	—		$	1,030		$	—		$	990
Settlements of litigation and potential litigation (2)		—			757			—			10
Miscellaneous income (1)		348			190			112			105

Total other income	$	348		$	1,977		$	112		$	1,105

Non-operating other income (expense), net:
Interest income	$	48		$	41		$	24		$	17
Miscellaneous income (1)		263			—			263			—
Miscellaneous expense (1)		(39	)		(36	)		(20	)		(19	)

Total non-operating other income (expense), net	$	272		$	5		$	267		$	(2	)

(1)	Amounts represent numerous unrelated transactions, none of which are individually significant requiring separate disclosure.

(2)	Amount relates primarily to settlements reached with certain vendors of our Chemical Business.

Segment Information

6 Months Ended

Jun. 30, 2012

Segment Information [Abstract]

Segment Information

Note 13: Segment Information


	Six Months Ended June 30,						Three Months Ended June 30,
	2012			2011			2012			2011
				(In Thousands)
Net sales:
Climate Control	$	130,304		$	140,824		$	67,546		$	77,175
Chemical (1)		262,339			267,051			138,134			155,620
Other		6,877			5,237			3,595			2,824

	$	399,520		$	413,112		$	209,275		$	235,619

Gross profit: (2)
Climate Control	$	40,435		$	44,881		$	20,989		$	23,395
Chemical (1)		67,498			79,112			43,500			47,644
Other		2,246			1,947			1,246			1,047

	$	110,179		$	125,940		$	65,735		$	72,086

Operating income: (3)
Climate Control	$	13,151		$	17,619		$	7,313		$	9,178
Chemical (1)		59,494			71,818			39,147			42,720
General corporate expenses and other business operations, net (4)		(7,240	)		(7,126	)		(4,137	)		(3,624	)

		65,405			82,311			42,323			48,274
Interest expense		(2,311	)		(3,580	)		(1,179	)		(1,868	)
Losses on extinguishment of debt		—			(136	)		—			(136	)
Non-operating other income (expense), net:
Climate Control		—			1			—			—
Chemical		—			1			—			1
Corporate and other business operations		272			3			267			(3	)
Provisions for income taxes		(23,253	)		(29,149	)		(15,451	)		(17,492	)
Equity in earnings (losses) of affiliate-Climate Control		341			207			170			(78	)

Income from continuing operations	$	40,454		$	49,658		$	26,130		$	28,698

(1)

During January 2012, a planned improvement project was performed at the Pryor Facility to increase anhydrous ammonia production levels, during which time the facility was not in production. In addition, the Pryor Facility experienced certain unplanned downtime in the ammonia and urea plants. The ammonia plant production was shut down for a portion of March 2012 while the repairs were performed. The repairs to the urea plant were extensive resulting in the urea plant being shut down from late February 2012 through June 2012. As a result, the Pryor Facility was unable to produce UAN during this timeframe. See additional discussion in Note 15 — Subsequent Event. On May 15, 2012, the El Dorado Facility suffered significant damage when a reactor in its DSN plant exploded. As a result, the DSN plant was severely damaged and several other plants and infrastructure within the El Dorado Facility sustained various degrees of damage. Therefore, the El Dorado Facility had only limited production of certain products during the remainder of the second quarter of 2012. As a result, the operating results of the Chemical Business for the six and three months ended June 30, 2012 were negatively impacted by the downtime of the Pryor and El Dorado Facilities. For the six and three months ended June 30, 2011, the Chemical Business recognized an insurance recovery of $8.6 million relating to a business interruption claim, which was recorded as a reduction to cost of sales.

(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 selling, general and administrative expense (“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:


	Six Months Ended June 30,						Three Months Ended June 30,
	2012			2011			2012			2011
				(In Thousands)
Gross profit-Other	$	2,246		$	1,947		$	1,246		$	1,047
Selling, general and administrative:
Personnel costs		(5,530	)		(4,151	)		(3,448	)		(2,541	)
Professional fees		(2,369	)		(2,089	)		(965	)		(947	)
All other		(1,782	)		(2,511	)		(979	)		(817	)

Total selling, general and administrative		(9,681	)		(8,751	)		(5,392	)		(4,305	)

Other income		195			76			9			29
Other expense		—			(398	)		—			(395	)

Total general corporate expenses and other business operations, net	$	(7,240	)	$	(7,126	)	$	(4,137	)	$	(3,624	)

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


	June 30, 2012		December 31, 2011
	(In Thousands)
Climate Control	$	122,750	$	119,323
Chemical		231,257		214,246
Corporate assets and other		174,089		168,440

Total assets	$	528,096	$	502,009

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
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+ Details

Related Party Transactions

6 Months Ended

Jun. 30, 2012

Related Party Transactions

Note 14: Related Party Transactions

Golsen Group

In January 2011, we paid interest of $137,500 (that was accrued at December 31, 2010) relating to $5,000,000 of the 2007 Debentures held by Jack E. Golsen (“Golsen”), our Chairman of the Board and Chief Executive Officer, members of his immediate family (spouse and children), including Barry H. Golsen, our Vice Chairman and President, Steven J. Golsen, a Director and Chief Operating Officer of our Climate Control Business, entities owned by them and trusts for which they possess voting or dispositive power as trustee (together, the “Golsen Group”). In March 2011, we paid dividends totaling $300,000 on our Series B Preferred and our Series D Preferred. In March 2011, the Golsen Group sold $3,000,000 of the 2007 Debentures it held to a third party. During the six months ended June 30, 2011, we incurred interest expense of $55,000 relating to the remaining $2,000,000 of the 2007 Debentures that was held by the Golsen Group, which amount was paid in June 2011.

In March 2012, we paid dividends totaling $300,000 on our Series B Preferred and our Series D Preferred.

The Series B Preferred and Series D Preferred are non-redeemable preferred stocks issued in 1986 and 2001, respectively, and are owned by the Golsen Group.

Landmark Transactions

As approved by a special committee of our board of directors, in May 2011, Prime Financial L.L.C. (“Prime”), a subsidiary of LSB, entered into an agreement (the “First Purchase Agreement”) to purchase from Landmark Land Company, Inc. (“Landmark”) certain undeveloped real estate located in Oklahoma City, Oklahoma (the “Oklahoma Real Estate”) for the purchase price of $2,250,000, which transaction was consummated in June 2011. The First Purchase Agreement grants Prime put options to sell the Oklahoma Real Estate to Landmark or to Gerald G. Barton (“Barton”), who is the chief executive officer and a substantial stockholder of Landmark. The put option may be exercised during the sixth year following Prime’s purchase of the Oklahoma Real Estate. If a put option is exercised, the purchase price for the Oklahoma Real Estate will be $2,250,000, plus a premium equal to a simple 10% annual return on the purchase price beginning as of the closing of the First Purchase Agreement, subject to certain adjustments. For financial reporting purposes, no value from the purchase price was allocated to the put options because the appraised value of the Oklahoma Real Estate exceeded the purchase price.

As approved by a special committee of our board of directors and pursuant to an agreement (the “Second Purchase Agreement”) entered into in September 2011, effective February 7, 2012, Prime purchased from Landmark certain undeveloped real estate located in Laguna Vista, Texas (the “Texas Real Estate”) for the purchase price of approximately $2,500,000. The Second Purchase Agreement grants Prime put options to sell the Texas Real Estate to Landmark or to Gerald G. Barton (“Barton”), who is the chief executive officer and a substantial stockholder of Landmark. Prime may exercise a put option during the sixth year following Prime’s purchase of the Texas Real Estate. If a put option is exercised, the purchase price for the Texas Real Estate will be based on the original purchase price, plus a premium equal to a simple 10% annual return on the original purchase price beginning as of the closing of the Second Purchase Agreement, subject to certain adjustments. The Second Purchase Agreement also grants Prime warrants to purchase up to 1,000,000 shares of Landmark’s common stock, at $1.00 per share. The right of Prime to acquire Landmark shares under any unexercised warrants shall terminate on the completed exercise of the put options. Also Landmark entered into a separate agreement (“GHP Use Agreement”) to use its reasonable efforts to use, where technically feasible, geothermal heating and air conditioning units manufactured by one of LSB’s subsidiaries on other Landmark properties in the development where the Texas Real Estate is located. For financial reporting purposes, no value from the purchase price was allocated to the put options or the GHP Use Agreement primarily because the estimated market value of the Texas Real Estate exceeded the purchase price and a minimal value from the purchase price was allocated to the warrants primarily because Landmark’s common stock is lightly traded on the Over-the-Counter Bulletin Board with a minimal price per share (Landmark’s average closing price per share was approximately $0.11 over the twelve-month period ended February 7, 2012).

Golsen and another individual previously formed a limited liability company (“LLC”), and each contributed $1,000,000 to the LLC. The LLC subsequently loaned Landmark approximately $2,000,000. In March 2011, Golsen sold his membership interest in the LLC to Barton in consideration for a promissory note in the principal amount of approximately $1,100,000, representing the amount that Golsen had invested in the LLC, plus interest (the “Barton Note”). The Barton Note was due and payable in June 2011. Pursuant to the terms of the First and Second Purchase Agreements, until the expiration of the put options, no payment will be made on the Barton Note and payment of the amounts owing under the Barton Note will be subordinate to any amounts owing Prime upon the exercise of a put option. Further, Golsen has agreed under the Second Purchase Agreement that no portion of the purchase price shall be used by Landmark to repay any indebtedness owing to Golsen.

In addition, Bernard Ille, one of our directors, served as a director of Landmark for many years until he resigned in March 2011. In light of the Barton Note and Mr. Ille’s past relationship with Landmark, our board of directors appointed a special committee for the purpose of reviewing and determining whether the LSB should purchase the Oklahoma and Texas Real Estate. The special committee believed, based on an analysis of a real estate consultant, that the price that we were to pay for the properties approximated the market value, and also believed that these properties, when developed, have the potential to establish a model geothermal community.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

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+ Details

Subsequent Event

6 Months Ended

Jun. 30, 2012

Subsequent Event [Abstract]

Subsequent Event

Note 15: Subsequent Event

As discussed in Note 13 — Segment Information, the urea plant at the Pryor Facility was shut down in late February 2012 for extensive repairs and the replacement of the urea reactor’s stainless steel liner. In July, this project was completed and the facility began limited UAN production.

Summary of Significant Accounting Policies (Policies)	6 Months Ended
Summary of Significant Accounting Policies (Policies)	Jun. 30, 2012
Summary of Significant Accounting Policies [Abstract]
Basis of Consolidation and Presentation	Basis of Consolidation and Presentation — LSB Industries, Inc. (“LSB”) and its subsidiaries (the “Company”, “We”, “Us”, or “Our”) are consolidated in the accompanying condensed consolidated financial statements. We are primarily engaged in the manufacture and sale of geothermal and water source heat pumps and air handling products (the “Climate Control Business”) and the manufacture and sale of chemical products (the “Chemical Business”). LSB is a holding company with no significant operations or assets other than cash, cash equivalents, and investments in its subsidiaries. Entities that are 20% to 50% owned and for which we have significant influence are accounted for on the equity method. All material intercompany accounts and transactions have been eliminated. In the opinion of management, the unaudited condensed consolidated financial statements of the Company as of June 30, 2012 and for the six and three-month periods ended June 30, 2012 and 2011 include all adjustments and accruals, consisting of normal, recurring accrual adjustments which are necessary for a fair presentation of the results for the interim periods. These interim results are not necessarily indicative of results for a full year due, in part, to the seasonality of our sales of agricultural products and the timing of performing our major plant maintenance activities. Our selling seasons for agricultural products are primarily during the spring and fall planting seasons, which typically extend from March through June and from September through November. Certain information and footnote disclosures normally included in financial statements prepared in accordance with United States (“U.S.”) generally accepted accounting principles (“GAAP”) have been condensed or omitted in this Form 10-Q pursuant to the rules and regulations of the SEC. These condensed consolidated financial statements should be read in connection with our audited consolidated financial statements and notes thereto included in our 2011 Form 10-K.
Use of Estimates	Use of Estimates — The preparation of condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Income per Common Share	Income per Common Share — Net income applicable to common stock is computed by adjusting net income by the amount of preferred stock dividends and dividend requirements, if applicable. Basic income per common share is based upon net income applicable to common stock and the weighted-average number of common shares outstanding during each year. Diluted income per share is based on net income applicable to common stock plus preferred stock dividends and dividend requirements on preferred stock assumed to be converted, if dilutive, and interest expense including amortization of debt issuance cost, net of income taxes, on convertible debt assumed to be converted, if dilutive, and the weighted-average number of common shares and dilutive common equivalent shares outstanding, and the assumed conversion of dilutive convertible securities outstanding.
Short-Term Investments	Short-Term Investments — Investments, which consisted of certificates of deposit with an original maturity of 13 weeks, are considered short-term investments. These investments are carried at cost which approximates fair value. All of these investments were held by financial institutions within the U.S. and none of these investments were in excess of the federally insured limits.
Accounts Receivable	Accounts Receivable — Our accounts receivable are stated at net realizable value. This value includes an appropriate allowance for estimated uncollectible accounts to reflect any loss anticipated on accounts receivable balances. Our estimate is based on historical experience and periodic assessment of outstanding accounts receivable, particularly those accounts which are past due (based upon the terms of the sale). Our periodic assessment of our accounts receivable is based on our best estimate of amounts that are not recoverable.
Inventories	Inventories — Inventories are stated at the lower of cost (determined using the first-in, first-out (“FIFO”) basis) or market (net realizable value). Finished goods and work-in-process inventories include material, labor, and manufacturing overhead costs. Additionally, we review inventories and record inventory reserves for slow-moving inventory items.
Precious Metals	Precious Metals — Precious metals are used as a catalyst in the Chemical Business manufacturing process. Precious metals are carried at cost, with cost being determined using the FIFO basis. Because some of the catalyst consumed in the production process cannot be readily recovered and the amount and timing of recoveries are not predictable, we follow the practice of expensing precious metals as they are consumed. Occasionally, during major maintenance or capital projects, we may be able to perform procedures to recover precious metals (previously expensed) which have accumulated over time within the manufacturing equipment. Recoveries of precious metals are recognized at historical FIFO costs. When we accumulate precious metals in excess of our production requirements, we may sell a portion of the excess metals.
Product Warranty	Product Warranty — Our Climate Control Business sells equipment that has an expected life, under normal circumstances and use, which extends over several years. As such, we provide warranties after equipment shipment/start up covering defects in materials and workmanship. Our accounting policy and methodology for warranty arrangements is to measure and recognize the expense and liability for such warranty obligations at the time of sale using a percentage of sales and cost per unit of equipment, based upon our historical and estimated future warranty costs. We also recognize the additional warranty expense and liability to cover atypical costs associated with a specific product, or component thereof, or project installation, when such costs are probable and reasonably estimable. It is reasonably possible that our estimated accrued warranty costs could change in the near term.
Contingencies	Contingencies — Certain conditions may exist which may result in a loss, but which will only be resolved when future events occur. We and our legal counsel assess such contingent liabilities, and such assessment inherently involves an exercise of judgment. If the assessment of a contingency indicates that it is probable that a loss has been incurred, we would accrue for such contingent losses when such losses can be reasonably estimated. If the assessment indicates that a potentially material loss contingency is not probable but reasonably possible, or is probable but cannot be estimated, the nature of the contingent liability, together with an estimate of the range of possible loss if determinable and material, would be disclosed. Estimates of potential legal fees and other directly related costs associated with contingencies are not accrued but rather are expensed as incurred. Loss contingency liabilities are included in current and noncurrent accrued and other liabilities and are based on current estimates that may be revised in the near term. In addition, we recognize contingent gains when such gains are realized or realizable and earned.
Derivatives, Hedges, Financial Instruments and Carbon Credits	Derivatives, Hedges, Financial Instruments and Carbon Credits — Derivatives are recognized in the balance sheet and are measured at fair value. Changes in fair value of derivatives are recorded in results of operations unless the normal purchase or sale exceptions apply or hedge accounting is elected. Climate reserve tonnes (“carbon credits”) are recognized in the balance sheet and are measured at fair value. Changes in fair value of carbon credits are recorded in results of operations. Contractual obligations associated with carbon credits are recognized in the balance sheet and are measured at fair value unless we enter into a firm sales commitment to sell the associated carbon credits. When we enter into a firm sales commitment, the sales price, pursuant to the terms of the firm sales commitment, establishes the amount of the associated contractual obligation. Changes in fair value of contractual obligations associated with carbon credits are recorded in results of operations.
Income Taxes	Income Taxes — We do not recognize a tax benefit unless we conclude that it is more-likely-than-not that the benefit will be sustained on audit by the taxing authority based solely on the technical merits of the associated tax position. If the recognition threshold is met, we recognize a tax benefit measured at the largest amount of the tax benefit that, in our judgment, is greater than 50% likely to be realized. We also record interest related to unrecognized tax positions in interest expense and penalties in operating other expense. Income tax benefits associated with amounts that are deductible for income tax purposes but that do not affect earnings are credited to equity. These benefits are principally generated from exercises of non-qualified stock options.
Recognition of Insurance Recoveries	Recognition of Insurance Recoveries — If an insurance claim relates to a recovery of our losses, we recognize the recovery when it is probable and reasonably estimable. If our insurance claim relates to a contingent gain, we recognize the recovery when it is realized or realizable and earned. Amounts recoverable from our insurance carriers, if any, are included in accounts receivable.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements — In 2011, the Financial Accounting Standards Board (“FASB”) issued an accounting standards update (“ASU”) clarifying how to measure and disclose fair value. The requirements under this ASU became effective for us on January 1, 2012 and were applied prospectively. See Note 9 — Derivatives, Hedges, Financial Instruments and Carbon Credits. In 2011, the FASB issued ASUs amending comprehensive income guidance, which eliminate the option to present the components of other comprehensive income as part of the statement of stockholders’ equity. Instead, we must report comprehensive income, if any, in either a single continuous statement of comprehensive income which contains two sections, net income and other comprehensive income, or in two separate but consecutive statements. The requirements under these ASUs became effective for us on January 1, 2012; however, because we did not have any items of other comprehensive income to report for the periods presented, the adoption of these ASUs did not impact the accompanying condensed financial statements. In 2011, the FASB issued an ASU requiring additional disclosures about an entity’s offsetting (netting) of certain assets and liabilities for the purpose of improving the transparency of financial reporting. Entities are required to disclose both gross information and net information about both instruments and transactions eligible for offset in the balance sheet and instruments and transactions subject to an agreement similar to a master netting arrangement. The new disclosure requirements become effective for us on January 1, 2013. The disclosure requirements are to be applied retrospectively.

Income Per Common Share (Tables)

6 Months Ended

Jun. 30, 2012

Income Per Common Share [Abstract]

Computation of basic and diluted net income per share

(Dollars in Thousands, Except Per Share Amounts)


	Six Months Ended June 30,						Three Months Ended June 30,
	2012			2011			2012		2011
Numerator:
Net income	$	40,336		$	49,548		$	26,033	$	28,645
Dividends on Series B Preferred		(240	)		(240	)		—		—
Dividends on Series D Preferred		(60	)		(60	)		—		—
Dividends on Noncumulative Preferred		—			(5	)		—		—

Total dividends on preferred stocks		(300	)		(305	)		—		—

Numerator for basic net income per common share — net income applicable to common stock		40,036			49,243			26,033		28,645
Dividends on preferred stocks assumed to be converted, if dilutive		300			305			—		—
Interest expense including amortization of debt issuance costs, net of income taxes, on convertible debt assumed to be converted, if dilutive		—			290			—		25

Numerator for diluted net income per common share	$	40,336		$	49,838		$	26,033	$	28,670

Denominator:
Denominator for basic net income per common share — weighted-average shares		22,332,303			21,656,508			22,340,826		22,133,217
Effective of dilutive securities:
Convertible preferred stocks		917,346			935,626			916,666		935,626
Stock options		266,776			359,158			251,838		362,634
Convertible notes payable		—			534,146			—		95,000

Dilutive potential common shares		1,184,122			1,828,930			1,168,504		1,393,260

Denominator for diluted net income per common share — adjusted weighted-average shares and assumed conversions		23,516,425			23,485,438			23,509,330		23,526,477

Basic net income per common share	$	1.79		$	2.27		$	1.17	$	1.29

Diluted net income per common share	$	1.72		$	2.12		$	1.11	$	1.22

Antidilutive securities excluded from computation of earning per share


	Six Months Ended June 30,				Three Months Ended June 30,
	2012		2011		2012		2011
Stock options		254,000		—		254,000		—

Accounts Receivable, net (Tables)

6 Months Ended

Jun. 30, 2012

Accounts Receivable, net [Abstract]

Net Accounts Receivables


	June 30, 2012			December 31, 2011
	(In Thousands)
Trade receivables	$	83,774		$	87,303
Insurance claims		13,799			—
Other		799			1,003

		98,372			88,306
Allowance for doubtful accounts		(997	)		(955	)

	$	97,375		$	87,351

Inventories (Tables)

6 Months Ended

Jun. 30, 2012

Inventory [Abstract]

Changes In the Inventory Reserves


	Six Months Ended June 30,						Three Months Ended June 30,
	2012			2011			2012			2011
	(In Thousands)
Balance at beginning of period	$	1,783		$	1,793		$	1,705		$	1,775
Provisions for losses		44			279			39			294
Write-offs and disposals		(90	)		(84	)		(7	)		(81	)

Balance at end of period	$	1,737		$	1,988		$	1,737		$	1,988

Current and Noncurrent Accrued and Other Liabilities (Tables)

6 Months Ended

Jun. 30, 2012

Current and Noncurrent Accrued and Other Liabilities [Abstract]

Summary of current and noncurrent accrued and other liabilities


	June 30, 2012		December 31, 2011
	(In Thousands)
Deferred revenue on extended warranty contracts	$	6,814	$	6,461
Accrued payroll and benefits		6,332		7,267
Accrued warranty costs		6,078		5,370
Accrued death benefits		4,213		4,017
Accrued group health and workers’ compensation insurance claims		2,791		2,535
Accrued contractual manufacturing obligations		2,291		1,613
Fair value of derivatives and other		2,267		2,283
Accrued executive benefits		1,370		1,262
Customer deposits		1,343		4,505
Accrued commissions		1,327		1,016
Accrued contractual profit-sharing obligation		27		1,478
Other		6,864		6,109

		41,717		43,916
Less noncurrent portion		16,310		15,239

Current portion of accrued and other liabilities	$	25,407	$	28,677

Accrued Warranty Costs (Tables)

6 Months Ended

Jun. 30, 2012

Accrued Warranty Costs [Abstract]

Product warranty obligation


	Six Months Ended June 30,						Three Months Ended June 30,
	2012			2011			2012			2011
				(In Thousands)
Balance at beginning of period	$	5,370		$	3,996		$	5,616		$	4,284
Amounts charged to costs and expenses		3,344			3,234			1,776			1,607
Costs incurred		(2,636	)		(2,632	)		(1,314	)		(1,293	)

Balance at end of period	$	6,078		$	4,598		$	6,078		$	4,598

Long-Term Debt (Tables)

6 Months Ended

Jun. 30, 2012

Long-Term Debt [Abstract]

Long-term debt


	June 30, 2012		December 31, 2011
	(In Thousands)
Working Capital Revolver Loan (A)	$	—	$	—
Secured Term Loan (B)		70,313		72,188
Other, with a current weighted-average interest rate of 6.84%, most of which is secured by machinery, equipment and real estate		4,502		7,272

		74,815		79,460
Less current portion of long-term debt		4,764		4,935

Long-term debt due after one year	$	70,051	$	74,525

Stated interest rate on secured term loan


	June 30, 2012
	Stated Interest Rate			Principal Balance
	(Dollars in Thousands)
Variable interest rate		3.47	%	$	46,875
Fixed interest rate		5.15	%		23,438

Weighted-average interest rate		4.03	%	$	70,313

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6479336&loc=d3e64711-112823

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
-URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=6584090&loc=d3e28878-108400

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21538-112644

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28541-108399

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28551-108399

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21521-112644

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 22
-Article 5

+ Details

Derivatives, Hedges, Financial Instruments and Carbon Credits (Tables)

6 Months Ended

Jun. 30, 2012

Derivatives, Hedges, Financial Instruments and Carbon Credits [Abstract]

Assets and liabilities measured at fair value on recurring basis


	Fair Value Measurements at June 30, 2012 Using
Description	Total Fair Value At June 30, 2012		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total Fair Value at December 31, 2011
	(In Thousands)
Assets — Supplies, prepaid items and other:
Commodities contracts	$	—	$	—	$	—	$	—	$	11
Carbon credits		42		—		—		42		42

Total	$	42	$	—	$	—	$	42	$	53

Liabilities — Current and noncurrent accrued and other liabilities:
Commodities	$	208	$	208	$	—	$	—	$	—
Foreign exchange contracts		2		—		2		—		—
Contractual obligations — carbon credits		42		—		—		42		42
Interest rate contracts		2,015		—		2,015		—		2,241

Total	$	2,267	$	208	$	2,017	$	42	$	2,283

Reconciliation of the beginning and ending balances for assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3)


	Assets					Liabilities						Assets					Liabilities
	Six Months Ended June 30,					Six Months Ended June 30,						Three Months Ended June 30,					Three Months Ended June 30,
	2012		2011			2012			2011			2012		2011			2012			2011
	(In Thousands)
Beginning balance	$	42	$	644		$	(42	)	$	(644	)	$	42	$	11		$	(42	)	$	—
Transfers into Level 3		—		—			—			—			—		—			—			—
Transfers out of Level 3		—		—			—			—			—		—			—			—
Total realized and unrealized gains (losses) included in earnings		—		1,030			—			(936	)		—		990			—			(896	)
Purchases		—		—			—			—			—		—			—			—
Issuances		—		—			—			—			—		—			—			—
Sales		—		(1,665	)		—			—			—		(992	)		—			—
Settlements		—		—			—			1,573			—		—			—			889

Ending balance	$	42	$	9		$	(42	)	$	(7	)	$	42	$	9		$	(42	)	$	(7	)

Realized and unrealized net losses included in earnings and the income statement


	Six Months Ended June 30,						Three Months Ended June 30,
	2012			2011			2012			2011
	(In Thousands)
Total net gains (losses) included in earnings:
Cost of sales — Commodities contracts	$	(72	)	$	(194	)	$	(214	)	$	(43	)
Cost of sales — Foreign exchange contracts		(8	)		46			(8	)		6
Other income — Carbon credits		—			1,030			—			990
Other expenses — Contractual obligations relating to carbon credits		—			(936	)		—			(896	)
Interest expense — Interest rate contracts		(329	)		(1,026	)		(233	)		(688	)

	$	(409	)	$	(1,080	)	$	(455	)	$	(631	)


	Six Months Ended June 30,						Three Months Ended June 30,
	2012			2011			2012			2011
	(In Thousands)
Change in unrealized gains (losses) relating to contracts still held at period end:
Cost of sales — Commodities contracts	$	(208	)	$	(52	)	$	(209	)	$	(20	)
Cost of sales — Foreign exchange contracts		(2	)		—			(2	)		—
Other income — Carbon credits		—			9			—			9
Other expenses — Contractual obligations relating to carbon credits		—			(7	)		—			(7	)
Interest expense — Interest rate contracts		226			(240	)		(44	)		(292	)

	$	16		$	(290	)	$	(255	)	$	(310	)

- Definition

Tabular disclosure of the location and amount of gains and losses reported in the statement of financial performance, or when applicable, the statement of financial position. For example, (a) gains and losses recognized in the income statement on derivative instruments designated and qualifying as hedging instruments in fair value hedges and related hedged items designated and qualifying in fair value hedges and (b) gains and losses initially recognized in other comprehensive income on derivative instruments designated and qualifying as cash flow hedges.

+ References + Details

Income Taxes (Tables)

6 Months Ended

Jun. 30, 2012

Income Taxes [Abstract]

Provisions benefits for income taxes


	Six Months Ended June 30,				Three Months Ended June 30,
	2012		2011		2012		2011
	(In Thousands)
Current:
Federal	$	17,441	$	21,914	$	12,051	$	12,766
State		3,273		5,669		2,198		3,123

Total Current		20,714		27,583		14,249		15,889

Deferred:
Federal		2,220		1,378		1,049		1,414
State		319		188		153		189

Total Deferred		2,539		1,566		1,202		1,603

Provisions for income taxes	$	23,253	$	29,149	$	15,451	$	17,492

Other Expense, Other Income and Non-Operating Other Income (Expense), net (Tables)

6 Months Ended

Jun. 30, 2012

Other Expense, Other Income and Non-Operating Other Income (Expense), net [Abstract]

Other Expense, Other Income and Non-Operating Other Income, net


	Six Months Ended June 30,						Three Months Ended June 30,
	2012			2011			2012			2011
				(In Thousands)
Other expense:
Losses on sales and disposals of property and equipment	$	551		$	895		$	536		$	914
Losses on contractual obligations associated with carbon credits		—			936			—			896
Miscellaneous expense (1)		171			552			19			511

Total other expense	$	722		$	2,383		$	555		$	2,321

Other income:
Gains on carbon credits	$	—		$	1,030		$	—		$	990
Settlements of litigation and potential litigation (2)		—			757			—			10
Miscellaneous income (1)		348			190			112			105

Total other income	$	348		$	1,977		$	112		$	1,105

Non-operating other income (expense), net:
Interest income	$	48		$	41		$	24		$	17
Miscellaneous income (1)		263			—			263			—
Miscellaneous expense (1)		(39	)		(36	)		(20	)		(19	)

Total non-operating other income (expense), net	$	272		$	5		$	267		$	(2	)

(1)	Amounts represent numerous unrelated transactions, none of which are individually significant requiring separate disclosure.

(2)	Amount relates primarily to settlements reached with certain vendors of our Chemical Business.

Segment Information (Tables)

6 Months Ended

Jun. 30, 2012

Segment Information [Abstract]

Segment Financial Information


	Six Months Ended June 30,						Three Months Ended June 30,
	2012			2011			2012			2011
				(In Thousands)
Net sales:
Climate Control	$	130,304		$	140,824		$	67,546		$	77,175
Chemical (1)		262,339			267,051			138,134			155,620
Other		6,877			5,237			3,595			2,824

	$	399,520		$	413,112		$	209,275		$	235,619

Gross profit: (2)
Climate Control	$	40,435		$	44,881		$	20,989		$	23,395
Chemical (1)		67,498			79,112			43,500			47,644
Other		2,246			1,947			1,246			1,047

	$	110,179		$	125,940		$	65,735		$	72,086

Operating income: (3)
Climate Control	$	13,151		$	17,619		$	7,313		$	9,178
Chemical (1)		59,494			71,818			39,147			42,720
General corporate expenses and other business operations, net (4)		(7,240	)		(7,126	)		(4,137	)		(3,624	)

		65,405			82,311			42,323			48,274
Interest expense		(2,311	)		(3,580	)		(1,179	)		(1,868	)
Losses on extinguishment of debt		—			(136	)		—			(136	)
Non-operating other income (expense), net:
Climate Control		—			1			—			—
Chemical		—			1			—			1
Corporate and other business operations		272			3			267			(3	)
Provisions for income taxes		(23,253	)		(29,149	)		(15,451	)		(17,492	)
Equity in earnings (losses) of affiliate-Climate Control		341			207			170			(78	)

Income from continuing operations	$	40,454		$	49,658		$	26,130		$	28,698

(1)

(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)

(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:

General corporate expenses and other business operations, net


	Six Months Ended June 30,						Three Months Ended June 30,
	2012			2011			2012			2011
				(In Thousands)
Gross profit-Other	$	2,246		$	1,947		$	1,246		$	1,047
Selling, general and administrative:
Personnel costs		(5,530	)		(4,151	)		(3,448	)		(2,541	)
Professional fees		(2,369	)		(2,089	)		(965	)		(947	)
All other		(1,782	)		(2,511	)		(979	)		(817	)

Total selling, general and administrative		(9,681	)		(8,751	)		(5,392	)		(4,305	)

Other income		195			76			9			29
Other expense		—			(398	)		—			(395	)

Total general corporate expenses and other business operations, net	$	(7,240	)	$	(7,126	)	$	(4,137	)	$	(3,624	)

Total assets by business segment


	June 30, 2012		December 31, 2011
	(In Thousands)
Climate Control	$	122,750	$	119,323
Chemical		231,257		214,246
Corporate assets and other		174,089		168,440

Total assets	$	528,096	$	502,009

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References + Details

Summary of Significant Accounting Policies (Details)	6 Months Ended
Summary of Significant Accounting Policies (Details)	Jun. 30, 2012
Summary of Significant Accounting Policies (Textual) [Abstract]
Maturity period of short-term investments	13 weeks
Tax benefit recognized	Greater than 50%
Minimum [Member]
Schedule of Equity Method Investments [Line Items]
Ownership interest in Equity Method Investment	20.00%
Maximum [Member]
Schedule of Equity Method Investments [Line Items]
Ownership interest in Equity Method Investment	50.00%

Income Per Common Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
Numerator:
Net income	$ 26,033	$ 28,645	$ 40,336	$ 49,548
Total dividends on preferred stocks			(300)	(305)
Numerator for basic net income per common share - net income applicable to common stock	26,033	28,645	40,036	49,243
Dividends on preferred stocks assumed to be converted, if dilutive			300	305
Interest expense including amortization of debt issuance costs, net of income taxes, on convertible debt assumed to be converted, if dilutive		25		290
Numerator for diluted net income per common share	$ 26,033	$ 28,670	$ 40,336	$ 49,838
Denominator:
Denominator for basic net income per common share - weighted-average shares	22,341	22,133	22,332	21,657
Effective of dilutive securities:
Convertible preferred stocks	916,666	935,626	917,346	935,626
Stock options	251,838	362,634	266,776	359,158
Convertible notes payable		95,000		534,146
Dilutive potential common shares	1,168,504	1,393,260	1,184,122	1,828,930
Denominator for diluted net income per common share - adjusted weighted-average shares and assumed conversions	23,509	23,526	23,516	23,485
Basic net income per common share	$ 1.17	$ 1.29	$ 1.79	$ 2.27
Diluted net income per common share	$ 1.11	$ 1.22	$ 1.72	$ 2.12
Series B preferred stock [Member]
Numerator:
Total dividends on preferred stocks			$ (240)	$ (240)
Series D preferred stock [Member]
Numerator:
Total dividends on preferred stocks			(60)	(60)
Noncumulative Preferred Stock [Member]
Numerator:
Total dividends on preferred stocks				$ (5)

Income Per Common Share (Details 1) - shares	3 Months Ended		6 Months Ended
Income Per Common Share (Details 1) - shares	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
Stock Options [Member]
Antidilutive securities excluded from computation of earning per share
Antidilutive securities excluded from computation of earning per share	254,000	0	254,000	0

- Definition

Securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) or earnings per unit (EPU) in the future that were not included in the computation of diluted EPS or EPU because to do so would increase EPS or EPU amounts or decrease loss per share or unit amounts for the period presented.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Antidilution
-URI http://asc.fasb.org/extlink&oid=6505113

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Diluted Earnings Per Share
-URI http://asc.fasb.org/extlink&oid=6510752

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Contingent Stock Agreement
-URI http://asc.fasb.org/extlink&oid=6508534

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 40
-Subparagraph c
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 13, 14
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 07-4
-Paragraph 4
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 171
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Accounts Receivable, net (Details) - USD ($) $ in Thousands	Jun. 30, 2012	Dec. 31, 2011
Net Accounts Receivables
Trade receivables	$ 83,774	$ 87,303
Insurance claims	13,799
Other	799	1,003
Receivable Gross	98,372	88,306
Allowance for doubtful accounts	(997)	(955)
Accounts receivable, net	$ 97,375	$ 87,351

Inventories (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Inventories (Details) - USD ($) $ in Thousands	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
Changes In the Inventory Reserves
Balance at beginning of period	$ 1,705	$ 1,775	$ 1,783	$ 1,793
Provisions for losses	39	294	44	279
Write-offs and disposals	(7)	(81)	(90)	(84)
Balance at end of period	$ 1,737	$ 1,988	$ 1,737	$ 1,988

- Definition

The amount of the valuation account as of the balance sheet date which reduces the carrying amount of inventory to net realizable value; takes into consideration such factors as market value, excessive quantities based on expected sales, technological obsolescence, and shrinkage. May also provide for estimated product returns or price concessions pertaining to product cost.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 330
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB TOPIC 5.BB)
-URI http://asc.fasb.org/extlink&oid=6386940&loc=d3e100047-122729

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.6(a))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 4
-Subparagraph (SX 210.12-09)
-URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e24092-122690

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 330
-SubTopic 10
-Section 35
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6386567&loc=d3e3927-108312

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 43
-Paragraph 14
-Chapter 4
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 43
-Paragraph 8, 9, 14
-Chapter 4
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 43
-Section A
-Paragraph 9
-Chapter 3
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 09
-Article 12

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 6
-Subparagraph a
-Article 5

+ Details

Inventories (Details Textual) - USD ($)	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2011	Jun. 30, 2011	Mar. 31, 2011	Dec. 31, 2010
Inventories (Textual) [Abstract]
Inventory reserves	$ 1,737,000	$ 1,705,000	$ 1,783,000	$ 1,988,000	$ 1,775,000	$ 1,793,000
Climate Control products [Member]
Inventories (Textual) [Abstract]
Inventory reserves	1,737,000		1,767,000
Chemical products [Member]
Inventories (Textual) [Abstract]
Inventory reserves	$ 0		$ 16,000

- Definition

+ References

+ Details

Current and Noncurrent Accrued and Other Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2011	Jun. 30, 2011	Mar. 31, 2011	Dec. 31, 2010
Summary of current and noncurrent accrued and other liabilities
Deferred revenue on extended warranty contracts	$ 6,814		$ 6,461
Accrued payroll and benefits	6,332		7,267
Accrued warranty costs	6,078	$ 5,616	5,370	$ 4,598	$ 4,284	$ 3,996
Accrued death benefits	4,213		4,017
Accrued group health and workers' compensation insurance claims	2,791		2,535
Accrued contractual manufacturing obligations	2,291		1,613
Fair value of derivatives and other	2,267		2,283
Accrued executive benefits	1,370		1,262
Customer deposits	1,343		4,505
Accrued commissions	1,327		1,016
Accrued contractual profit-sharing obligation	27		1,478
Other	6,864		6,109
Total current and noncurrent accrued liabilities	41,717		43,916
Less noncurrent portion	16,310		15,239
Current portion of accrued and other liabilities	$ 25,407		$ 28,677

Accrued Warranty Costs (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Accrued Warranty Costs (Details) - USD ($) $ in Thousands	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
Product warranty obligation
Balance at beginning of period	$ 5,616	$ 4,284	$ 5,370	$ 3,996
Amounts charged to costs and expenses	1,776	1,607	3,344	3,234
Costs incurred	(1,314)	(1,293)	(2,636)	(2,632)
Balance at end of period	$ 6,078	$ 4,598	$ 6,078	$ 4,598

Accrued Warranty Costs (Details Textual)	6 Months Ended
Accrued Warranty Costs (Details Textual)	Jun. 30, 2012
Accrued Warranty Costs (Textual) [Abstract]
Commercial and industrial product base warranty coverage for manufactured product	Eighteen months from the date of shipment or twelve months from the date of start up, whichever is shorter
Commercial and industrial product base warranty coverage for spare parts	90 days
Residential products, the base warranty coverage from the date of shipment for material	10 years
Residential products warranty coverage for labor associated with repair	5 years

Long Term Debt (Details) - USD ($) $ in Thousands	Jun. 30, 2012	Dec. 31, 2011
Long-Term Debt
Long-Term Debt	$ 74,815	$ 79,460
Less current portion of long-term debt	4,764	4,935
Long-term debt due after one year	70,051	74,525
Working Capital Revolver Loan [Member]
Long-Term Debt
Long-Term Debt
Secured Term Loan [Member]
Long-Term Debt
Long-Term Debt	70,313	72,188
Other long-term debt [Member]
Long-Term Debt
Long-Term Debt	$ 4,502	$ 7,272

Long-Term Debt (Details 1) $ in Thousands	Jun. 30, 2012 USD ($)
Stated interest rate on Secured Term Loan
Variable interest rate, Stated Interest Rate	3.47%
Variable interest rate, Principal Balance	$ 46,875
Fixed interest rate, Stated Interest Rate	5.15%
Fixed interest rate, Principal Balance	$ 23,438
Weighted-average interest rate, Stated Interest Rate	4.03%
Weighted-average interest rate, Principal Balance	$ 70,313

Long Term Debt (Details Textual) - USD ($) $ in Millions	1 Months Ended		6 Months Ended
Long Term Debt (Details Textual) - USD ($) $ in Millions	May 26, 2011	Mar. 31, 2011	Jun. 30, 2012	Jun. 30, 2011	Mar. 29, 2011
Debt Instrument [Line Items]
Weighted average interest rate of other debt			4.03%
Long-Term Debt (Textual) [Abstract]
Principal amounts converted		$ 24.4
Shares of LSB common stock issued		888,160
Working Capital Revolver Loan [Member]
Debt Instrument [Line Items]
Maximum amount of revolving credit facility			$ 50.0
Description of Interest rate of Revolving Credit Facility			Interest at a base rate (generally equivalent to the prime rate) plus .50% if borrowing availability is greater than $25 million, otherwise plus .75% (previously plus .50% only) or, at our option, accrues interest at LIBOR plus 1.50% if borrowing availability is greater than $25 million, otherwise plus 1.75% (previously plus 1.75% only).
Line of credit facility, interest rate			3.75%
Letter of credit maximum capacity			$ 15.0
Remaining borrowing capacity of revolving credit facility			$ 48.6
Fees Expressed as percentage for unused letters of credit			1.00%
Fees expressed as percentage for unused revolving credit facility			0.25%
Original fees expressed as percentage for unused revolving credit facility			0.375%
Working capital revolver loan requirements			The Working Capital Revolver Loan continues to require ThermaClime to meet a minimum fixed charge coverage ratio of not less than 1.10 to 1 measured on an annual basis, but the maximum senior leverage coverage ratio of not greater than 4.50 to 1 and the EBITDA requirement of greater than $25 million financial covenants have been eliminated.
Carrying value of the pledged assets			$ 262.0
Secured Term Loan [Member]
Debt Instrument [Line Items]
Original principal amount of secured term loan					$ 50.0
Modified principal amount of secured loan					$ 60.0
Amended additional principal amount of secured loan	$ 15.0
Amended principal amount of secured loan	$ 75.0
Periodic principal payment of secured loan			0.9
Interest and final balloon payment of secured loan			$ 56.3
Secured term loan interest Rate Basis			Three month Libor plus 300 basis points adjusted quarterly
Borrowing interest rate basis spread			3.00%
Period for LIBOR			3 months
Carrying value of the pledged assets			$ 68.0
Carrying value of restricted net assets			$ 76.0
Secured term loan agreement requirements			Borrowers are also subject to a minimum fixed charge coverage ratio of not less than 1.10 to 1 and a maximum leverage ratio of not greater than 4.50 to 1
Percentage of principal amount as prepayment premium			1.00%
Maturity date of original secured term loan			November 2, 2012
Maturity date of amended secured term loan			March 29, 2016
End date of prepayment premium period			Mar. 29, 2014
Other long-term debt [Member]
Debt Instrument [Line Items]
Weighted average interest rate of other debt			6.84%
5.5% senior subordinated notes due 2012 [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate		5.50%	5.50%	5.50%

Commitments and Contingencies (Details)	1 Months Ended			6 Months Ended
Commitments and Contingencies (Details)	May 31, 2008 USD ($)	Jul. 31, 2007 shares	Nov. 30, 2006 shares	Jun. 30, 2012 USD ($) Entity Plant $ / shares $ / MMBtu	Dec. 31, 2011 USD ($)	Dec. 31, 2007 shares
Segment Reporting Information [Line Items]
Current portion of accrued and other liabilities				$ 25,407,000	$ 28,677,000
Commitments and Contingencies (Textual) [Abstract]
Purchase commitments of natural gas in mmbtu				$ 700,000
Weighted average cost of natural gas per mmbtu \| $ / MMBtu				3.42
Total cost of natural gas in dollars				$ 2,500,000
Weighted average market value of natural gas per mmbtu \| $ / MMBtu				2.82
Total market value of natural gas in dollars				$ 2,000,000
Month purchase commitment period ends for natural gas				October 2012
Capital cost in connection with construction of pipeline				$ 4,000,000
Capitalized cost of construction of pipeline				1,300,000
Estimated share of the annual operating cost of pipeline, minimum				100,000
Estimated share of the annual operating cost of pipeline, maximum				150,000
Estimated EPA civil penalty liability				100,000
Jayhawk Group's offer to settle litigation	$ 100,000
Cumulative Jayhawk litigation expense				250,000
Insurance Claims [Member]
Segment Reporting Information [Line Items]
Accrued general liability insurance claims				$ 755,000
Hallowell Facility [Member]
Segment Reporting Information [Line Items]
Number of subsidiaries under chemical business that sold their operating assets \| Entity				2
Current portion of accrued and other liabilities				$ 208,000
Climate Control Business [Member]
Segment Reporting Information [Line Items]
Product liability deductible per claim				250,000
Chemical Business [Member]
Segment Reporting Information [Line Items]
Maximum penalty amount per day under Clean Air Act				$ 27,500
Number of nitric acid affected plants \| Plant				10
Renewal period for discharge water permit				5 years
Class C Preferred Stock [Member]
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Class C Series 2 preferred stock \| $ / shares				$ 3.25
Maximum number of shares to be received under agreement \| shares			180,450
Total number of shares held by Jayhawk Group \| shares			340,900
Number of common shares for each convertible preferred stock \| shares						7.4
Common stock issued on conversion \| shares		4.329
Jayhawk Group asserted damage claim relating to preferred stock exchange				$ 12,000,000

Derivatives, Hedges, Financial Instruments and Carbon Credits (Details) - USD ($) $ in Thousands	Jun. 30, 2012	Dec. 31, 2011
Liabilities - Current and noncurrent accrued and other liabilities:
Total	$ 2,267	$ 2,283
Recurring [Member]
Assets - Supplies, prepaid items and other:
Total	42	53
Liabilities - Current and noncurrent accrued and other liabilities:
Total	2,267	2,283
Recurring [Member] \| Commodities Contracts [Member]
Assets - Supplies, prepaid items and other:
Derivative Assets		11
Liabilities - Current and noncurrent accrued and other liabilities:
Derivative Financial Instruments, Liabilities	208
Recurring [Member] \| Foreign Exchange Contracts [Member]
Liabilities - Current and noncurrent accrued and other liabilities:
Derivative Financial Instruments, Liabilities	2
Recurring [Member] \| Carbon Credits [Member]
Assets - Supplies, prepaid items and other:
Carbon credits	42	42
Liabilities - Current and noncurrent accrued and other liabilities:
Contractual obligations - carbon credits	42	42
Recurring [Member] \| Interest Rate Contracts [Member]
Liabilities - Current and noncurrent accrued and other liabilities:
Derivative Financial Instruments, Liabilities	2,015	$ 2,241
Recurring [Member] \| Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Assets - Supplies, prepaid items and other:
Total
Liabilities - Current and noncurrent accrued and other liabilities:
Total	208
Recurring [Member] \| Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] \| Commodities Contracts [Member]
Assets - Supplies, prepaid items and other:
Derivative Assets
Liabilities - Current and noncurrent accrued and other liabilities:
Derivative Financial Instruments, Liabilities	208
Recurring [Member] \| Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] \| Foreign Exchange Contracts [Member]
Liabilities - Current and noncurrent accrued and other liabilities:
Derivative Financial Instruments, Liabilities
Recurring [Member] \| Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] \| Carbon Credits [Member]
Assets - Supplies, prepaid items and other:
Carbon credits
Liabilities - Current and noncurrent accrued and other liabilities:
Contractual obligations - carbon credits
Recurring [Member] \| Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] \| Interest Rate Contracts [Member]
Liabilities - Current and noncurrent accrued and other liabilities:
Derivative Financial Instruments, Liabilities
Recurring [Member] \| Significant Other Observable Inputs (Level 2) [Member]
Assets - Supplies, prepaid items and other:
Total
Liabilities - Current and noncurrent accrued and other liabilities:
Total	2,017
Recurring [Member] \| Significant Other Observable Inputs (Level 2) [Member] \| Commodities Contracts [Member]
Assets - Supplies, prepaid items and other:
Derivative Assets
Liabilities - Current and noncurrent accrued and other liabilities:
Derivative Financial Instruments, Liabilities
Recurring [Member] \| Significant Other Observable Inputs (Level 2) [Member] \| Foreign Exchange Contracts [Member]
Liabilities - Current and noncurrent accrued and other liabilities:
Derivative Financial Instruments, Liabilities	2
Recurring [Member] \| Significant Other Observable Inputs (Level 2) [Member] \| Carbon Credits [Member]
Assets - Supplies, prepaid items and other:
Carbon credits
Liabilities - Current and noncurrent accrued and other liabilities:
Contractual obligations - carbon credits
Recurring [Member] \| Significant Other Observable Inputs (Level 2) [Member] \| Interest Rate Contracts [Member]
Liabilities - Current and noncurrent accrued and other liabilities:
Derivative Financial Instruments, Liabilities	2,015
Recurring [Member] \| Significant Unobservable Inputs (Level 3) [Member]
Assets - Supplies, prepaid items and other:
Total	42
Liabilities - Current and noncurrent accrued and other liabilities:
Total	42
Recurring [Member] \| Significant Unobservable Inputs (Level 3) [Member] \| Commodities Contracts [Member]
Assets - Supplies, prepaid items and other:
Derivative Assets
Liabilities - Current and noncurrent accrued and other liabilities:
Derivative Financial Instruments, Liabilities
Recurring [Member] \| Significant Unobservable Inputs (Level 3) [Member] \| Foreign Exchange Contracts [Member]
Liabilities - Current and noncurrent accrued and other liabilities:
Derivative Financial Instruments, Liabilities
Recurring [Member] \| Significant Unobservable Inputs (Level 3) [Member] \| Carbon Credits [Member]
Assets - Supplies, prepaid items and other:
Carbon credits	42
Liabilities - Current and noncurrent accrued and other liabilities:
Contractual obligations - carbon credits	42
Recurring [Member] \| Significant Unobservable Inputs (Level 3) [Member] \| Interest Rate Contracts [Member]
Liabilities - Current and noncurrent accrued and other liabilities:
Derivative Financial Instruments, Liabilities

Derivatives, Hedges, Financial Instruments and Carbon Credits (Details 1) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
Assets
Beginning balance	$ 42	$ 11	$ 42	$ 644
Transfers into Level 3
Transfers out of Level 3
Total realized and unrealized gains (losses) included in earnings		990		1,030
Purchases
Issuances
Sales		(992)		(1,665)
Settlements
Ending balance	42	9	42	9
Liabilities
Beginning balance	(42)		(42)	(644)
Transfers into Level 3
Transfers out of Level 3
Total realized and unrealized gains (losses) included in earnings		(896)		(936)
Purchases
Issuances
Sales
Settlements		889		1,573
Ending balance	$ (42)	$ (7)	$ (42)	$ (7)

Derivatives, Hedges, Financial Instruments and Carbon Credits (Details 2) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
Total net gains (losses) included in earnings:
Derivative instruments and carbon credits, gains and losses recognized in earnings	$ (455)	$ (631)	$ (409)	$ (1,080)
Derivative instruments and carbon credits change in unrealized gains and losses recognized in earnings	(255)	(310)	16	(290)
Cost of Sales [Member] \| Commodities Contracts [Member]
Total net gains (losses) included in earnings:
Derivative instruments and carbon credits, gains and losses recognized in earnings	(214)	(43)	(72)	(194)
Derivative instruments and carbon credits change in unrealized gains and losses recognized in earnings	(209)	(20)	(208)	(52)
Cost of Sales [Member] \| Foreign Exchange Contracts [Member]
Total net gains (losses) included in earnings:
Derivative instruments and carbon credits, gains and losses recognized in earnings	(8)	6	(8)	46
Derivative instruments and carbon credits change in unrealized gains and losses recognized in earnings	(2)		(2)
Other Income [Member] \| Carbon Credits [Member]
Total net gains (losses) included in earnings:
Derivative instruments and carbon credits, gains and losses recognized in earnings		990		1,030
Derivative instruments and carbon credits change in unrealized gains and losses recognized in earnings		9		9
Other Expenses [Member] \| Contractual obligations relating to carbon credits [Member]
Total net gains (losses) included in earnings:
Derivative instruments and carbon credits, gains and losses recognized in earnings		(896)		(936)
Derivative instruments and carbon credits change in unrealized gains and losses recognized in earnings		(7)		(7)
Interest Expense [Member] \| Interest Rate Contracts [Member]
Total net gains (losses) included in earnings:
Derivative instruments and carbon credits, gains and losses recognized in earnings	(233)	(688)	(329)	(1,026)
Derivative instruments and carbon credits change in unrealized gains and losses recognized in earnings	$ (44)	$ (292)	$ 226	$ (240)

Derivatives, Hedges, Financial Instruments and Carbon Credits (Details Textual)	1 Months Ended			6 Months Ended		12 Months Ended
	Feb. 28, 2011 USD ($)	Sep. 30, 2008 USD ($)	Apr. 30, 2008 USD ($)	Jun. 30, 2012 USD ($)	Jun. 30, 2011 USD ($)	Dec. 31, 2011 USD ($) lb $ / CarbonCredit	Jun. 30, 2012 EUR (€) lb $ / CarbonCredit
Derivatives, Hedges, Financial Instruments and Carbon Credits (Textual) [Abstract]
Interest rate contracts at cost basis		$ 400,000
Estimated market weighted-average exchange rate							1.27
Contractual weighted average pay rate				3.23%
Estimated market weighted average receive rate				0.71%
Carbon credit fair value per unit \| $ / CarbonCredit						3.15	3.15
Carbon credit lower range of ask or bid price				$ 1.00		$ 1.00
Carbon credit higher range of ask or bid price				$ 4.00		$ 3.00
Future or forward copper contract period				December, 2012		May, 2012
Derivative future or forward contract in Pounds \| lb						375,000	625,000
Weighted average cost per pound of future or forward copper contract				$ 3.83		$ 3.42
Foreign Exchange Contract receipt \| €							€ 344,000
The month foreign exchange contract receipt period ends				August 2012
Contractual weighted-average exchange rate (U.S. Dollar/ Euro)							1.27
Interest rate contracts fixed rate description	fixed three-month LIBOR rate of 3.23% on a declining balance	LIBOR rate of 3.595% on $25 million	Fixed three-month LIBOR rate of 3.24% on $25 million
Interest rate contracts LIBOR rate		3.595%	3.24%
Notional amount of Interest rate contracts		$ 25,000,000	$ 25,000,000
LIBOR rate	3.23%
Interest rate swap declining balance beginning balance	$ 23,800,000
Interest rate swap declining balance ending balance	$ 18,800,000
Maturity period interest rate contract held	March, 2016	April, 2012	April, 2012
Assets or liabilities measured at fair value on a recurring basis transferred between Level 1 and Level 2 classifications

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Income Taxes (Details) - USD ($) $ in Thousands	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
Current:
Federal	$ 12,051	$ 12,766	$ 17,441	$ 21,914
State	2,198	3,123	3,273	5,669
Total Current	14,249	15,889	20,714	27,583
Deferred:
Federal	1,049	1,414	2,220	1,378
State	153	189	319	188
Total Deferred	1,202	1,603	2,539	1,566
Provisions for income taxes	$ 15,451	$ 17,492	$ 23,253	$ 29,149

- Definition

The component of income tax expense for the period representing amounts paid or payable (or refundable) as determined by applying the provisions of enacted federal tax law to the domestic taxable Income or Loss from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(h))
-URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Current Tax Expense (or Benefit)
-URI http://asc.fasb.org/extlink&oid=6509736

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 6.I.7)
-URI http://asc.fasb.org/extlink&oid=6889476&loc=d3e330036-122817

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 6
-Section I
-Paragraph Question 1-7

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 109
-Paragraph 45
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 109
-Paragraph 289
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 08
-Paragraph h
-Article 4

+ Details

- Definition

The component of income tax expense for the period representing amounts of income taxes paid or payable (or refundable) for the period for all income tax obligations as determined by applying the provisions of relevant enacted tax laws to relevant amounts of taxable Income or Loss from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(h))
-URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Current Tax Expense (or Benefit)
-URI http://asc.fasb.org/extlink&oid=6509736

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 6.I.7)
-URI http://asc.fasb.org/extlink&oid=6889476&loc=d3e330036-122817

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 109
-Paragraph 45
-Subparagraph a
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 08
-Paragraph h
-Article 4

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 6
-Section I
-Subsection 7

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 109
-Paragraph 289
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

- Definition

The component of income tax expense for the period representing amounts paid or payable (or refundable) as determined by applying the provisions of enacted state and local tax law to relevant amounts of taxable Income or Loss from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 6.I.7)
-URI http://asc.fasb.org/extlink&oid=6889476&loc=d3e330036-122817

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Current Tax Expense (or Benefit)
-URI http://asc.fasb.org/extlink&oid=6509736

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(h))
-URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690

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-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 109
-Paragraph 45
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 08
-Paragraph h
-Article 4

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 6
-Section I
-Subsection 7

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 109
-Paragraph 289
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

- Definition

The component of total income tax expense for the period comprised of the increase (decrease) during the period in the entity's domestic deferred tax assets and liabilities attributable to continuing operations as determined by applying the provisions of the federally enacted tax law.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(h))
-URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Deferred Tax Expense (or Benefit)
-URI http://asc.fasb.org/extlink&oid=6510177

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 6: http://www.xbrl.org/2003/role/presentationRef
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-Name Regulation S-X (SX)
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Reference 7: http://www.xbrl.org/2003/role/presentationRef
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Reference 8: http://www.xbrl.org/2003/role/presentationRef
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-Name Statement of Financial Accounting Standard (FAS)
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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

- Definition

The component of income tax expense for the period representing the increase (decrease) in the entity's deferred tax assets and liabilities pertaining to continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
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-Paragraph 28
-Subparagraph (b)
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Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Deferred Tax Expense (or Benefit)
-URI http://asc.fasb.org/extlink&oid=6510177

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-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
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Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 109
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Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 109
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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
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Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
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-Number 95
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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

- Definition

The component of total income tax expense for the period comprised of the increase (decrease) in the entity's state and local deferred tax assets and liabilities attributable to continuing operations as determined by applying the provisions of the applicable enacted tax laws.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Deferred Tax Expense (or Benefit)
-URI http://asc.fasb.org/extlink&oid=6510177

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Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
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Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
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Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 6
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-Subsection 7

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 08
-Paragraph h
-Article 4

+ Details

Income Taxes (Details Textual) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Income Taxes (Details Textual) - USD ($) $ in Thousands	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011	Dec. 31, 2011
Income Taxes (Textual) [Abstract]
Provisions for income taxes	$ 15,451	$ 17,492	$ 23,253	$ 29,149
Percentage of pre-tax income			36.00%	37.00%
State NOL carryforwards	$ 1,000		$ 1,000		$ 700
State and Local Jurisdiction [Member]
Operating Loss Carryforwards [Line Items]
Remaining state tax NOL carryforwards					$ 8,000

Property and Business Interruption Insurance Claims (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2012 USD ($)
Segment Reporting Information [Line Items]
Insurance claim receivable	$ 13,799
Property and Business Interruption Insurance Claims (Textual) [Abstract]
Waiting period for business interruption coverage	30 days
Deductible amount for business interruption insurance coverage in dollars	$ 1,000
Chemical [Member]
Segment Reporting Information [Line Items]
Insurance claim receivable	$ 13,500

Other Expense, Other Income and Non-Operating Other Income (Expense), net (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
Other expense:
Losses on sales and disposals of property and equipment	$ 536	$ 914	$ 551	$ 895
Loss on contractual obligations associated with carbon credits		896		936
Miscellaneous expense	19	511	171	552
Total other expense	555	2,321	722	2,383
Other income:
Gains on carbon credits		990		1,030
Settlements of litigation and potential litigation		10		757
Miscellaneous income	112	105	348	190
Total other income	112	1,105	348	1,977
Non-operating other income (expense), net:
Interest income	24	17	48	41
Miscellaneous income	263		263
Miscellaneous expense	(20)	(19)	(39)	(36)
Total non-operating other income (expense), net	$ 267	$ (2)	$ 272	$ 5

Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Segment Information (Details) - USD ($) $ in Thousands	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
Segment Financial Information
Net sales	$ 209,275	$ 235,619	$ 399,520	$ 413,112
Gross profit	65,735	72,086	110,179	125,940
Operating income	42,323	48,274	65,405	82,311
Interest expense	(1,179)	(1,868)	(2,311)	(3,580)
Losses on extinguishment of debt		(136)		(136)
Non-operating other income (expense), net	267	(2)	272	5
Provisions for income taxes	(15,451)	(17,492)	(23,253)	(29,149)
Equity in earnings (losses) of affiliate-Climate Control	170	(78)	341	207
Income from continuing operations	26,130	28,698	40,454	49,658
Segment Information (Textual) [Abstract]
Gain on business interruption insurance recovery		8,600		8,600
Climate Control [Member]
Segment Financial Information
Net sales	67,546	77,175	130,304	140,824
Gross profit	20,989	23,395	40,435	44,881
Operating income	7,313	9,178	13,151	17,619
Non-operating other income (expense), net				1
Chemical [Member]
Segment Financial Information
Net sales	138,134	155,620	262,339	267,051
Gross profit	43,500	47,644	67,498	79,112
Operating income	39,147	42,720	59,494	71,818
Non-operating other income (expense), net		1		1
Other [Member]
Segment Financial Information
Net sales	3,595	2,824	6,877	5,237
Gross profit	1,246	1,047	2,246	1,947
Operating income	(4,137)	(3,624)	(7,240)	(7,126)
Non-operating other income (expense), net	$ 267	$ (3)	$ 272	$ 3

Segment Information (Details 1) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Segment Information (Details 1) - USD ($) $ in Thousands	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
General corporate expenses and other business operations, net
Gross profit-Other	$ 65,735	$ 72,086	$ 110,179	$ 125,940
Selling, general and administrative:
Total selling, general and administrative	(22,886)	(22,517)	(44,277)	(43,102)
Other income	112	1,105	348	1,977
Other expense	(555)	(2,321)	(722)	(2,383)
Total general corporate expenses and other business operations, net	42,323	48,274	65,405	82,311
Other [Member]
General corporate expenses and other business operations, net
Gross profit-Other	1,246	1,047	2,246	1,947
Selling, general and administrative:
Personnel costs	(3,448)	(2,541)	(5,530)	(4,151)
Professional fees	(965)	(947)	(2,369)	(2,089)
All other	(979)	(817)	(1,782)	(2,511)
Total selling, general and administrative	(5,392)	(4,305)	(9,681)	(8,751)
Other income	9	29	195	76
Other expense	0	(395)	0	(398)
Total general corporate expenses and other business operations, net	$ (4,137)	$ (3,624)	$ (7,240)	$ (7,126)

Segment Information (Details 2) - USD ($) $ in Thousands	Jun. 30, 2012	Dec. 31, 2011
Total assets
Total assets	$ 528,096	$ 502,009
Climate Control [Member]
Total assets
Total assets	122,750	119,323
Chemical [Member]
Total assets
Total assets	231,257	214,246
Corporate assets and other [Member]
Total assets
Total assets	$ 174,089	$ 168,440

Related Party Transactions (Details) - USD ($)	1 Months Ended			6 Months Ended		12 Months Ended
Related Party Transactions (Details) - USD ($)	Mar. 31, 2012	Jan. 31, 2012	Mar. 31, 2011	Jun. 30, 2012	Jun. 30, 2011	Dec. 31, 2010	Feb. 07, 2012	Sep. 30, 2011
Related Party Transactions (Textual) [Abstract]
Dividends on preferred stocks				$ 300,000	$ 305,000
Golsen Group [Member]
Related Party Transactions (Textual) [Abstract]
Interest paid relating to the debentures		$ 137,500
Interest Accrued						$ 137,500
Dividends on preferred stocks	$ 300,000		$ 300,000
Amount of Debentures sold by a related party to a third party			$ 3,000,000
Interest expense relating to the debentures					55,000
Golsen Group [Member] \| Debentures [Member]
Related Party Transactions (Textual) [Abstract]
Debentures held by Golsen Group					2,000,000	$ 5,000,000
Landmark [Member]
Related Party Transactions (Textual) [Abstract]
Purchase price					$ 2,250,000
Percentage of return on purchase price				10.00%
LLC [Member]
Related Party Transactions (Textual) [Abstract]
Amount of contribution to a LLC				$ 1,000,000
Loan made by a related party				2,000,000
Principal amount of membership interest of the LLC sold for a promissory note				$ 1,100,000
Texas Real Estate [Member]
Related Party Transactions (Textual) [Abstract]
Percentage of return on purchase price				10.00%
Texas Real Estate [Member] \| Landmark [Member]
Related Party Transactions (Textual) [Abstract]
Purchase price								$ 2,500,000
Put Option [Member] \| Texas Real Estate [Member] \| Landmark [Member]
Related Party Transactions (Textual) [Abstract]
Put option exercise period				May exercise during the sixth year following the purchase of the Texas Real Estate
Warrant [Member] \| Texas Real Estate [Member] \| Landmark [Member]
Related Party Transactions (Textual) [Abstract]
Maximum number of shares available to purchase under warrants				1,000,000
Purchase price per share of Landmark stock under the warrant				$ 1.00
Landmark's 12 month average closing price per common stock share							$ 0.11