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Document and Entity Information - shares	6 Months Ended
Document and Entity Information - shares	Jun. 30, 2014	Jul. 31, 2014
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2014
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	Q2
Trading Symbol	LXU
Entity Registrant Name	LSB INDUSTRIES INC
Entity Central Index Key	0000060714
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		22,598,186

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2014	Dec. 31, 2013
Current assets:
Cash and cash equivalents	$ 176,459	$ 143,750
Short-term investments	14,500
Accounts receivable, net	86,963	80,570
Inventories:
Finished goods	26,473	29,163
Work in progress	2,317	2,838
Raw materials	25,717	23,871
Total inventories	54,507	55,872
Supplies, prepaid items and other:
Prepaid insurance	7,094	15,073
Precious metals	12,867	14,927
Supplies	15,272	13,523
Prepaid income taxes	5,885	12,644
Other	3,823	3,867
Total supplies, prepaid items and other	44,941	60,034
Deferred income taxes	7,563	13,613
Total current assets	384,933	353,839
Property, plant and equipment, net	501,658	416,801
Other assets:
Noncurrent restricted cash and cash equivalents	148,096	80,974
Noncurrent restricted investments	50,000	209,990
Debt issuance costs, net	7,287	8,027
Other, net	16,948	13,466
Total other assets	222,331	312,457
Total assets	1,108,922	1,083,097
Current liabilities:
Accounts payable	72,128	61,775
Short-term financing	5,584	13,749
Accrued and other liabilities	42,519	49,107
Current portion of long-term debt	10,530	9,262
Total current liabilities	130,761	133,893
Long-term debt	449,798	453,705
Noncurrent accrued and other liabilities	17,463	17,086
Deferred income taxes	75,296	66,698
Commitments and contingencies (Note 9)
Stockholders' equity:
Common stock, $.10 par value; 75,000,000 shares authorized, 26,905,648 shares issued (26,846,470 at December 31, 2013)	2,691	2,685
Capital in excess of par value	168,979	167,550
Retained earnings	289,308	266,854
Stockholders equity including treasury stock	463,978	440,089
Less treasury stock, at cost:
Common stock, 4,320,462 shares	28,374	28,374
Total stockholders' equity	435,604	411,715
Total Liabilities and Stockholders' equity	1,108,922	1,083,097
Series B Preferred Stock [Member]
Stockholders' equity:
Preferred stock, value	2,000	2,000
Series D Preferred Stock [Member]
Stockholders' equity:
Preferred stock, value	$ 1,000	$ 1,000

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - $ / shares	Jun. 30, 2014	Dec. 31, 2013
Common stock, par value	$ 0.10	$ 0.10
Common stock, shares authorized	75,000,000	75,000,000
Common stock, shares issued	26,905,648	26,846,470
Treasury stock, common shares	4,320,462	4,320,462
Series B Preferred Stock [Member]
Preferred stock, shares outstanding	20,000	20,000
Preferred stock, shares issued	20,000	20,000
Convertible preferred stock dividend rate	12.00%	12.00%
Series B cumulative, convertible preferred stock, par value	$ 100	$ 100
Series D Preferred Stock [Member]
Preferred stock, shares outstanding	1,000,000	1,000,000
Preferred stock, shares issued	1,000,000	1,000,000
Convertible preferred stock dividend rate	6.00%	6.00%
Series D cumulative, convertible Class C preferred stock, par value	$ 0	$ 0

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Income Statement [Abstract]
Net sales	$ 201,662	$ 202,223	$ 380,187	$ 352,902
Cost of sales	152,793	163,564	282,596	288,821
Gross profit	48,869	38,659	97,591	64,081
Selling, general and administrative expense	24,498	25,125	52,156	49,616
Provisions for (recovery of) losses on accounts receivable	3	166	(156)	266
Property insurance recoveries in excess of losses incurred			(5,147)
Other expense, net	604	1,143	1,113	2,211
Operating income	23,764	12,225	49,625	11,988
Interest expense, net	5,671	536	12,379	1,267
Non-operating other expense (income), net	(76)	8	(153)	24
Income from continuing operations before provisions for income taxes and equity in earnings of affiliate	18,169	11,681	37,399	10,697
Provisions for income taxes	7,047	4,367	14,701	3,622
Equity in earnings of affiliate	(12)	(172)	(79)	(343)
Income from continuing operations	11,134	7,486	22,777	7,418
Net loss from discontinued operations	21	59	23	59
Net income	11,113	7,427	22,754	7,359
Dividends on preferred stocks			300	300
Net income applicable to common stock	$ 11,113	$ 7,427	$ 22,454	$ 7,059
Weighted-average common shares:
Basic	22,544,857	22,437,485	22,538,773	22,430,589
Diluted	23,660,238	23,577,383	23,650,439	22,914,660
Income per common share:
Basic	$ 0.49	$ 0.33	$ 1.00	$ 0.31
Diluted	$ 0.47	$ 0.31	$ 0.96	$ 0.31

CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (Unaudited) - 6 months ended Jun. 30, 2014 - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock Shares [Member]	Non-Redeemable Preferred Stock [Member]	Capital in Excess of Par Value [Member]	Retained Earnings [Member]	Treasury Stock-Common [Member]
Balance at Dec. 31, 2013	$ 411,715	$ 2,685	$ 3,000	$ 167,550	$ 266,854	$ (28,374)
Balance, shares at Dec. 31, 2013		26,846
Net income	22,754				22,754
Dividends paid on preferred stocks	(300)				(300)
Stock-based compensation	925			925
Exercise of stock options	510	$ 6		504
Exercise of stock options, shares		60
Balance at Jun. 30, 2014	$ 435,604	$ 2,691	$ 3,000	$ 168,979	$ 289,308	$ (28,374)
Balance, shares at Jun. 30, 2014		26,906

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Net Income
-URI http://asc.fasb.org/extlink&oid=6518256

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-URI http://asc.fasb.org/extlink&oid=31042434&loc=d3e3602-108585

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 225
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04.19)
-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

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

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 225
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.18)
-URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 225
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04.22)
-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Other Comprehensive Income
-URI http://asc.fasb.org/extlink&oid=6519514

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=28358780&loc=d3e565-108580

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 03
-Paragraph 19
-Article 5

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Paragraph 20
-Article 9

+ Details

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Cash flows from continuing operating activities
Net income	$ 22,754	$ 7,359
Adjustments to reconcile net income to net cash provided by continuing operating activities:
Net loss from discontinued operations	23	59
Deferred income taxes	14,648	2,541
Gains on property insurance recoveries associated with property, plant and equipment	(5,147)
Depreciation, depletion and amortization of property, plant and equipment	17,362	13,060
Other	323	1,369
Cash provided (used) by changes in assets and liabilities (net of effects of discontinued operations):
Accounts receivable	(6,236)	(13,696)
Inventories	2,963	6,015
Prepaid and accrued income taxes	5,601	(10,853)
Other supplies, prepaid items and other	8,723	5,646
Accounts payable	(104)	(5,393)
Customer deposits	(4,305)	(6,529)
Other current and noncurrent liabilities	648	615
Deferred gain on insurance recoveries	(1,383)	6,685
Net cash provided by continuing operating activities	55,870	6,878
Cash flows from continuing investing activities
Expenditures for property, plant and equipment	(92,943)	(82,608)
Proceeds from property insurance recovery associated with property, plant and equipment	5,147	14,022
Proceeds from sales of property and equipment	169	1,224
Purchase of short-term investments	(14,500)
Proceeds from noncurrent restricted cash and cash equivalents	97,984
Deposits of current and noncurrent restricted cash and cash equivalents	(165,106)	(749)
Proceeds from noncurrent restricted investments	209,990
Purchase of noncurrent restricted investments	(50,000)
Proceeds from sales of carbon credits	1,536
Payments on contractual obligations-carbon credits	(1,245)
Other assets	(903)	(812)
Net cash used by continuing investing activities	(9,871)	(68,923)
Cash flows from continuing financing activities
Proceeds from long-term debt, net of fees		39,825
Payments on long-term debt	(5,240)	(4,661)
Payments on short-term financing	(8,165)	(5,577)
Proceeds from exercise of stock options	507	304
Excess income tax benefit associated with stock-based compensation		110
Dividends paid on preferred stocks	(300)	(300)
Net cash provided (used) by continuing financing activities	(13,198)	29,701
Cash flows of discontinued operations:
Operating cash flows	(92)	(104)
Net increase (decrease) in cash and cash equivalents	32,709	(32,448)
Cash and cash equivalents at beginning of period	143,750	98,020
Cash and cash equivalents at end of period	$ 176,459	$ 65,572

Summary of Significant Accounting Policies	6 Months Ended
Summary of Significant Accounting Policies	Jun. 30, 2014
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, 2013 (“2013 Form 10-K”), filed with the Securities and Exchange Commission (“SEC”) on February 27, 2014. 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 involved in manufacturing and marketing operations. We are primarily engaged in the manufacture and sale of chemical products (the “Chemical Business”) and the manufacture and sale of water source and geothermal heat pumps and air handling products (the “Climate Control Business”). LSB is a holding company with no significant operations or assets other than cash, cash equivalents, and investments in its subsidiaries. Our Chemical Business’ ownership of working interests in natural gas properties is accounted for as an undivided interest, whereby we reflect our proportionate share of the underlying assets, liabilities, revenues and expenses. Our working interest represents our share of the costs and expenses incurred primarily to develop the underlying leaseholds and to produce natural gas while our net revenue interest represents our share of the revenues from the sale of natural gas. The net revenue interest is less than our working interest as the result of royalty interest due to others. We are not the operator of these natural gas properties. 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, 2014 and for the six and three-month periods ended June 30, 2014 and 2013 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, certain downtime events associated with our chemical facilities, 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 2013 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. Cash and Cash Equivalents—Investments, which consist of highly liquid investments with original maturities of three months or less, are considered cash equivalents. At June 30, 2014, the cash and cash equivalents balance exceeded the FDIC-insured limits by approximately $4.2 million. All of these cash balances were held by financial institutions within the U.S. Short-Term Investments—Investments, which consisted of certificates of deposit with an original maturity of 26 weeks, are considered short-term investments. These investments are carried at cost which approximates fair value. At June 30, 2014, the short-term investment balance exceeded the FDIC-insured limits by approximately $14.3 million. All of these investments were held by financial institutions within the U.S. Noncurrent Restricted Cash and Cash Equivalents—Noncurrent restricted cash and cash equivalents consist of balances that are designated by us for specific purposes relating to capital projects. At June 30, 2014, the noncurrent restricted cash and cash equivalents balance exceeded the FDIC-insured limits by approximately $65.6 million. All of this balance was held by financial institutions within the U.S. Noncurrent Restricted Investments—Noncurrent restricted investments consist of investment balances that are designated by us for specific purposes relating to capital projects. At June 30, 2014, the balance includes investments in certificates of deposits with an original maturity no longer than approximately 26 weeks. The investments in certificates of deposits are carried at cost, which approximates fair value. The investments in certificates of deposits exceeded the FDIC-insured limits by approximately $49.8 million. All of this balance was held by financial institutions within the U.S. 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. An insurance recovery in excess of recoverable costs relating to a business interruption claim, if any, is a reduction to cost of sales. An insurance recovery in excess of recoverable costs relating to a property insurance claim, if any, is included in property insurance recoveries in excess of losses incurred. Recently Issued Accounting Pronouncements In May 2014, the Financial Accounting Standards Board issued Accounting Standard Update 2014-09-Revenue from Contracts with Customers, which will supersede nearly all existing revenue recognition guidance under GAAP. The standard’s core principle is that a company will recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. We are evaluating our existing revenue recognition policies to determine whether any contracts in the scope of the guidance will be affected by the new requirements. The effects may include identifying performance obligations in existing arrangements, estimating the amount of variable consideration to include in the transaction price and allocating the transaction price to each separate performance obligation. The standard is effective for us on January 1, 2017. Early adoption is not permitted. The standard allows for either “full retrospective” adoption, meaning the standard is applied to all of the periods presented, or “modified retrospective” adoption, meaning the standard is applied only to the most current period presented in the financial statements. We are currently evaluating the transition method that will be elected.

Income Per Common Share

6 Months Ended

Jun. 30, 2014

Earnings Per Share [Abstract]

Income Per Common Share

Note 2: Income Per Common Share


	Six Months Ended						Three Months Ended
	June 30,						June 30,
	2014			2013			2014		2013
Numerator:
Net income	$	22,754		$	7,359		$	11,113	$	7,427
Dividends on Series B Preferred		(240	)		(240	)		—		—
Dividends on Series D Preferred		(60	)		(60	)		—		—

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

Numerator for basic net income per common share—net income applicable to common stock		22,454			7,059			11,113		7,427
Dividends on preferred stocks assumed to be converted, if dilutive		300			60			—		—

Numerator for diluted net income per common share	$	22,754		$	7,119		$	11,113	$	7,427

Denominator:
Denominator for basic net income per common share—weighted-average shares		22,538,773			22,430,589			22,544,857		22,437,485
Effect of dilutive securities:
Convertible preferred stocks		916,666			250,000			916,666		916,666
Stock options		195,000			234,071			198,715		223,232

Dilutive potential common shares		1,111,666			484,071			1,115,381		1,139,898

Denominator for diluted net income per common share—adjusted weighted-average shares and assumed conversions		23,650,439			22,914,660			23,660,238		23,577,383

Basic net income per common share	$	1.00		$	0.31		$	0.49	$	0.33

Diluted net income per common share	$	0.96		$	0.31		$	0.47	$	0.31

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				Three Months Ended
	June 30,				June 30,
	2014		2013		2014		2013
Convertible preferred stocks		—		666,666		—		—
Stock options		325,326		251,683		370,099		250,016

		325,326		918,349		370,099		250,016

Accounts Receivable, net

6 Months Ended

Jun. 30, 2014

Receivables [Abstract]

Accounts Receivable, net

Note 3: Accounts Receivable, net


	June 30,			December 31,
	2014			2013
	(In Thousands)
Trade receivables	$	85,923		$	77,899
Insurance claims		—			1,865
Other		1,577			1,633

		87,500			81,397
Allowance for doubtful accounts		(537	)		(827	)

	$	86,963		$	80,570

One of our subsidiaries, El Dorado Chemical Company (“EDC”) is a party to an agreement with Bank of America, N.A. (the “Bank”) to sell our accounts receivables generated from product sales to a certain customer. We agreed to enter into this agreement as a courtesy to this customer. The term of this agreement matures in August 2014, with renewal options, but either party has an option to terminate the agreement pursuant to the terms of the agreement. In addition, we amended our sales agreement with the customer to offer extended payment terms under the condition that they pay an extended payment terms premium equal to the discount taken by the Bank when the accounts receivables are sold. Thus, there is no gain or loss from the sale of these receivables to the Bank. We have no continuing involvement or risks associated with the transferred accounts receivable. Pursuant to the terms of the agreement, EDC is to receive payment from the Bank no later than one business day after the Bank’s acceptance of EDC’s offer to sell the accounts receivables. As of June 30, 2014, EDC has been paid by the Bank for the accounts receivables sold to the Bank. We account for these transfers as sales under ASC 860 – Transfers and Servicing.

- 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 + Details

Inventories	6 Months Ended
Inventories	Jun. 30, 2014
Inventory Disclosure [Abstract]
Inventories	Note 4: Inventories At June 30, 2014 and December 31, 2013, inventory reserves for certain slow-moving inventory items (Climate Control products) were $1,373,000 and $1,389,000, respectively. In addition, because cost exceeded the net realizable value, inventory reserves for certain nitrogen-based inventories provided by our Chemical Business were $20,000 and $1,623,000 at June 30, 2014 and December 31, 2013, respectively.

Current and Noncurrent Accrued and Other Liabilities

6 Months Ended

Jun. 30, 2014

Other Liabilities Disclosure [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,		December 31,
	2014		2013
	(In Thousands)
Accrued interest	$	14,036	$	13,925
Accrued payroll and benefits		8,331		8,981
Accrued warranty costs		7,701		7,297
Deferred revenue on extended warranty contracts		7,665		7,407
Customer deposits		1,195		5,500
Other		21,054		23,083

		59,982		66,193
Less noncurrent portion		17,463		17,086

Current portion of accrued and other liabilities	$	42,519	$	49,107

Accrued Warranty Costs

6 Months Ended

Jun. 30, 2014

Guarantees [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						Three Months Ended
	June 30,						June 30,
	2014			2013			2014			2013
	(In Thousands)
Balance at beginning of period	$	7,297		$	6,172		$	7,578		$	6,486
Amounts charged to costs and expenses		3,695			4,011			1,468			2,021
Costs incurred		(3,291	)		(3,239	)		(1,345	)		(1,563	)

Balance at end of period	$	7,701		$	6,944		$	7,701		$	6,944

Asset Retirement Obligations	6 Months Ended
Asset Retirement Obligations	Jun. 30, 2014
Asset Retirement Obligation Disclosure [Abstract]
Asset Retirement Obligations	Note 7: Asset Retirement Obligations Currently, we have various legal requirements related to operations of our Chemical Business facilities, including the disposal of wastewater generated at certain of these facilities. 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 (“AROs”). 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 AROs associated with these facilities has been established. However, we will continue to review these obligations and record a liability when a reasonable estimate of the fair value can be made. In addition, our Chemical Business owns working interests in certain natural gas properties. We recognized AROs associated with the obligation to plug and abandon wells when the natural gas reserves in the wells are depleted. At June 30, 2014 and December 31, 2013, our accrued liability for AROs was $308,000 and $304,000, respectively.

Long-Term Debt

6 Months Ended

Jun. 30, 2014

Debt Disclosure [Abstract]

Long-Term Debt

Note 8: Long-Term Debt

Our long-term debt consists of the following:


	June 30,		December 31,
	2014		2013
	(In Thousands)
Working Capital Revolver Loan (A)	$	—	$	—
7.75% Senior Secured Notes due 2019 (B)		425,000		425,000
Secured Promissory Note (C)		26,211		29,555
Other, with a current weighted-average interest rate of 4.05%, most of which is secured by machinery and equipment		9,117		8,412

		460,328		462,967
Less current portion of long-term debt		10,530		9,262

Long-term debt due after one year	$	449,798	$	453,705

(A) Effective December 31, 2013, LSB and certain of its wholly-owned subsidiaries (the “Borrowers”) entered into an amendment to the existing senior secured revolving credit facility (the “Amended Working Capital Revolver Loan”). Pursuant to the terms of the Amended Working Capital Revolver Loan, the Borrowers may borrow on a revolving basis up to $100.0 million, based on specific percentages of eligible accounts receivable and inventories. In addition, the Amended Working Capital Revolver Loan and the Senior Secured Notes are cross collateralized as discussed in (B) below. The Amended Working Capital Revolver Loan will mature on April 13, 2018.

The Amended Working Capital Revolver Loan accrues interest at a base rate (generally equivalent to the prime rate) plus 0.50% if borrowing availability is greater than $25.0 million, otherwise plus 0.75% or, at our option, accrues interest at LIBOR plus 1.50% if borrowing availability is greater than $25.0 million, otherwise LIBOR plus 1.75%. At June 30, 2014, the interest rate was 3.75% based on LIBOR. Interest is paid monthly, if applicable.

The Amended Working Capital Revolver Loan provides for up to $15.0 million of letters of credit. All letters of credit outstanding reduce availability under the Amended Working Capital Revolver Loan. As of June 30, 2014, the amount available for borrowing under the Amended Working Capital Revolver Loan was approximately $69.4 million. Under the Amended Working Capital Revolver Loan, the lender also requires 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 for the excess amount available under the Amended Working Capital Revolver Loan not drawn and various other audit, appraisal and valuation charges.

The lender has the ability to, upon an event of default, as defined, terminate the Amended Working Capital Revolver Loan and make the balance outstanding, if any, due and payable in full.

The Amended Working Capital Revolver Loan requires the Borrowers to meet a minimum fixed charge coverage ratio of not less than 1.10 to 1, if at any time the excess availability (as defined by the Amended Working Capital Revolver Loan), under the Amended Working Capital Revolver Loan, is less than or equal to $12.5 million. This ratio will be measured monthly on a trailing twelve month basis and as defined in the agreement. The Amended Working Capital Revolver Loan contains covenants that, among other things, limit the Borrowers’ ability, without consent of the lender and with certain exceptions, to:

•

incur additional indebtedness;

•

create liens on, sell or otherwise dispose of our assets;

•

engage in certain fundamental corporate changes or changes to our business activities;

•

make certain material acquisitions;

•

make other restricted payments, including investments;

•

repay certain indebtedness;

•

engage in certain affiliate transactions;

•

declare dividends and distributions;

•

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

•

dispose assets.

The Amended Working Capital Revolver Loan allows the Borrowers and subsidiaries under the Senior Secured Notes to guarantee those notes.

So long as both immediately before and after giving effect to any of the following, excess availability, as defined by the Amended Working Capital Revolver Loan, is equal to or greater than the greater of (x) 20% of the maximum revolver commitment or (y) $20 million, the Amended Working Capital Revolver will allow each of the Borrowers under the Amended Working Capital Revolver Loan to make:

•

distributions and pay dividends by LSB with respect to amounts in excess of $0.5 million during each fiscal year;

•

acquisitions of treasury stock by LSB with respect to amounts in excess of $0.5 million during each fiscal year;

•

certain hedging agreements;

•

investments in joint ventures and certain subsidiaries of LSB in an aggregate amount not exceeding $35.0 million; and

•

other investments in an aggregate amount not exceeding $50.0 million at any one time outstanding.

The Amended Working Capital Revolver Loan includes customary events of default, including events of default relating to nonpayment of principal and other amounts owing under the Amended Working Capital Revolver Loan from time to time, any material misstatement or misrepresentation and breaches of representations and warranties made, violations of covenants, cross-payment default to indebtedness in excess of $2.5 million, cross-acceleration to indebtedness in excess of $2.5 million, bankruptcy and insolvency events, certain unsatisfied judgments, certain liens, and certain assertions of, or actual invalidity of, certain loan documents.

(B) On August 7, 2013, LSB sold $425 million aggregate principal amount of the 7.75% Senior Secured Notes due 2019 (the “Senior Secured Notes”) in a private transaction to qualified institutional buyers under Rule 144A and, outside of the United States, pursuant to Regulation S of the Securities Act of 1933, as amended (the “Act”). In accordance with the registration rights agreement entered into at the time of the issuance of the Senior Secured Notes, LSB and the guarantor subsidiaries completed an exchange offer to exchange the Senior Secured Notes for substantially identical notes registered under the Securities Act. The registration statement for the exchange offer was declared effective by the SEC in May 2014, and the exchange offer was completed in June 2014. LSB received net proceeds of approximately $351 million, after the payoff of a secured term loan (discussed below), commissions and fees. In connection with the closing, LSB entered into an indenture (the “Indenture”) with UMB Bank, as trustee, governing the Senior Secured Notes and as collateral agent, and will receive customary compensation from us for such services.

The Senior Secured Notes bear interest at the rate of 7.75% per year and mature on August 1, 2019. Interest is to be paid semiannually on February 1st and August 1st.

The Senior Secured Notes are general senior secured obligations of LSB. The Senior Secured Notes are jointly and severally and fully and unconditionally guaranteed by all of LSB’s current wholly-owned subsidiaries, with all of the guarantees, except two, being senior secured guarantees and two being senior unsecured guarantees. The Senior Secured Notes rank equally in right of payment to all of LSB and the guarantors’ existing and future senior secured debt, including the Amended Working Capital Revolver Loan discussed above, and are senior in right of payment to all of LSB and the guarantors’ future subordinated indebtedness. LSB does not have independent assets or operations.

Those subsidiaries that provide guarantees of the Senior Secured Notes will be released from such guarantees upon the occurrence of certain events, including the following:

•

the designation of such guarantor as an unrestricted subsidiary;

•

the release or discharge of any guarantee or indebtedness that resulted in the creation of the guarantee of the Senior Secured Notes by such guarantor;

•

the sale or other disposition, including by way of merger or otherwise, of its capital stock or of all or substantially all of the assets, of such guarantor; or

•

LSB’s exercise of its legal defeasance option or its covenant defeasance option as described in the Indenture with LSB’s obligations under the Indenture discharged in accordance with the Indenture.

The Senior Secured Notes are effectively senior to all existing and future unsecured debt of LSB and the guarantors to the extent of the value of the property and assets subject to liens (“Collateral”) and are effectively senior to all existing and future obligations under the Amended Working Capital Revolver Loan and other debt to the extent of the value of the certain collateral (“Priority Collateral”).

The Senior Secured Notes are secured on a first-priority basis by the Notes’ Priority Collateral owned by LSB and the guarantors (other than the two unsecured guarantors) providing security and on a second-priority basis by the certain collateral securing the Amended Working Capital Revolver Loan owned by LSB and the guarantors (other than the two unsecured guarantors), in each case subject to certain liens permitted under the Indenture. The Senior Secured Notes are equal in priority as to the Priority Collateral owned by LSB and the guarantors with respect to any obligations under any equally ranked lien obligations subsequently incurred. At June 30, 2014, the carrying value of the assets secured on a first-priority basis was approximately $463 million and the carrying value of the assets secured on a second-priority basis was approximately $133 million.

The Senior Secured Notes are effectively subordinated to all of LSB and the guarantors’ existing and future obligations under the Amended Working Capital Revolver Loan and other debt to the extent of the value of the certain collateral securing such debt and to any of LSB and the guarantors’ existing and future indebtedness that is secured by liens that are not part of the Collateral. The Senior Secured Notes are structurally subordinated to all of the existing and future indebtedness, preferred stock obligations and other liabilities, including trade payables, of our subsidiaries that do not guarantee the Senior Secured Notes in the future.

Except under certain conditions, the Senior Secured Notes are not redeemable before August 1, 2016. On or after such date, LSB may redeem the Senior Secured Notes at its option, in whole or in part, upon not less than 30 nor more than 60 days’ notice, at the following redemption prices (expressed as percentages of the principal amount thereof), plus accrued and unpaid interest to the redemption date (subject to the right of holders of record on the relevant record date to receive interest due on the relevant interest payment date), if redeemed during the twelve-month period commencing on August 1st of the year set forth below:


Year	Percentage
2016		103.875	%
2017		101.938	%
2018 and thereafter		100.000	%

Upon the occurrence of a change of control, as defined in the Indenture, each holder of the Senior Secured Notes will have the right to require that LSB purchase all or a portion of such holder’s notes at a purchase price equal to 101% of the principal amount thereof plus accrued and unpaid interest, if any, to the date of purchase (subject to the right of holders of record on the relevant record date to receive interest due on the relevant interest payment date).

The Indenture contains covenants that, among other things, limit LSB’s ability, with certain exceptions and as defined in the Indenture, to:

•

incur additional indebtedness;

•

pay dividends;

•

repurchase LSB’ common and preferred stocks;

•

make investments;

•

repay certain indebtedness;

•

create liens on, sell or otherwise dispose of our assets;

•

engage in mergers, consolidations or other forms of recapitalization;

•

engage in sale-leaseback transactions; or

•

engage in certain affiliate transactions.

Approximately $67.2 million of the proceeds from Senior Secured Notes was used to pay all outstanding borrowings, including a prepayment premium, under a secured term loan facility.

(C) On February 1, 2013, Zena Energy L.L.C. (“Zena”), a subsidiary within our Chemical Business, entered into a loan (the “Secured Promissory Note”) with a lender in the original principal amount of $35 million. The Secured Promissory Note follows the original acquisition by Zena of working interests (“Working Interests”) in certain natural gas properties during October 2012. The proceeds of the Secured Promissory Note effectively financed $35 million of the approximately $50 million purchase price of the Working Interests previously paid out of LSB’s working capital. The Secured Promissory Note matures on February 1, 2016.

Principal and interest are payable monthly based on a five-year amortization at a defined LIBOR rate plus 300 basis points with a final balloon payment of $15.3 million due at maturity. The interest rate at June 30, 2014 was 3.23%. The loan is secured by the Working Interests and related properties and proceeds.

Commitments and Contingencies

6 Months Ended

Jun. 30, 2014

Commitments And Contingencies Disclosure [Abstract]

Commitments and Contingencies

Note 9: Commitments and Contingencies

Capital Project Commitments—EDC is party to an agreement with Weatherly Inc. for the licensing, engineering, and procurement of major manufacturing equipment for a new 65% strength nitric acid plant (“Nitric Acid Plant”) to be constructed at our chemical production facility located in El Dorado, Arkansas (the “El Dorado Facility”). EDC is also party to various agreements with Leidos Constructors, LLC to engineer, procure and construct the Nitric Acid Plant, a nitric acid concentrator and certain support facilities at the El Dorado Facility. The estimated cost for this project ranges from $115 million to $125 million, of which $73 million has been incurred and capitalized at June 30, 2014.

A subsidiary of EDC is also party to various agreements with Leidos Constructors, LLC to engineer, procure and construct an ammonia plant and certain support facilities. The estimated cost for this project ranges from $250 million to $300 million, of which $74 million has been incurred and capitalized at June 30, 2014.

Notification of Termination of Sales Commitment

Ammonium nitrate supply agreement—Pursuant to a long-term cost-plus supply agreement, EDC supplies Orica International Pte Ltd (“Orica”) with an annual minimum of 240,000 tons of industrial grade ammonium nitrate (“AN”) produced at our El Dorado Facility. The agreement includes a provision for Orica to pay for product not taken. The agreement also includes a required notice of termination of one year, with the termination date to be no sooner than April 9, 2015. On March 31, 2014, EDC sent to Orica the required one-year notice that EDC will not renew the agreement on or after April 9, 2015.

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

A. Environmental Matters

Our facilities and operations are subject to numerous federal, state and local environmental laws (“Environmental Laws”) and to other laws regarding health and safety matters (“Health Laws”). In particular, the manufacture, production and distribution of products by our Chemical Business are activities that entail environmental and public health 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 have in the past resulted, and could in the future result, in significant compliance expenses, cleanup costs (for our sites or third-party sites where our wastes were disposed of), penalties or other liabilities relating to the handling, manufacture, use, emission, discharge or disposal of hazardous or toxic materials 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 also be 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 do not operate the natural gas wells where we own an interest and compliance with Environmental Laws and Health Laws is controlled by others, with our Chemical Business being responsible for its proportionate share of the costs involved. As of June 30, 2014, our accrued liabilities for environmental matters totaled $551,000 relating primarily to matters discussed below. It is reasonably possible that a change in the estimate of our liability could occur in the near term. Also see discussion in Note 7 – Asset Retirement Obligations.

1. Discharge Water Matters

Each of our chemical manufacturing facilities generates process wastewater, which may include cooling tower and boiler water quality control streams, contact storm water (rain water inside the facility area that 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 various permits generally issued by the respective state environmental agencies as authorized by the United States Environmental Protection Agency (“EPA”), subject to oversight by the EPA. These permits limit the type and amount of effluents that can be discharged and controls the method of such discharge. The following are discharge water matters in relation to the respective permits.

The El Dorado Facility is subject to a state National Pollutant Discharge Elimination System (“NPDES”) discharge water permit issued by the Arkansas Department of Environmental Quality (“ADEQ”). The El Dorado Facility is currently operating under an NPDES discharge water permit, which became effective in 2004 (“2004 NPDES permit”). In November 2010, a preliminary draft of a discharge water permit renewal for the El Dorado Facility, which contains more restrictive limits, was issued by the ADEQ.

EDC believes that 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 as to the discharge requirements relating to its dissolved minerals. The ADEQ approved a rule change, but the EPA formally disapproved the rule change. In October 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. In March 2013, the District Court affirmed the EPA’s decision. EDC has appealed the District Court’s decision. We do not believe this matter regarding meeting the permit requirements as to the dissolved minerals will continue to be an issue since the El Dorado Facility is currently disposing its wastewater by a pipeline constructed by the City of El Dorado, Arkansas. EDC and certain other companies in the El Dorado, Arkansas area contributed to the cost of construction of the pipeline, and agreed to pay their share of the annual operating cost of the pipeline, and in return received the right to use the pipeline to dispose of their wastewater. The initial term of the operating agreement is through December 2053.

During 2012, EDC paid a penalty of $100,000 to settle an Administrative Complaint issued by the EPA, and thereafter handled by the United States Department of Justice (“DOJ”), relating to certain alleged violations of EDC’s 2004 NPDES permit for alleged violations through December 31, 2010. The DOJ advised that some action would be taken for alleged violations occurring after December 31, 2010. As of the date of this report, no action has been filed by the DOJ. The cost (or range of costs) cannot currently be reasonably estimated regarding this matter. Therefore, no liability has been established at June 30, 2014.

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 semiannual 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, of which cost (or range of costs) cannot currently be reasonably estimated. Therefore, no liability has been established at June 30, 2014, in connection with this matter.

2. Air Matters

In connection with a national enforcement initiative, the EPA had sent information requests to most, if not all, of the operators of nitric acid plants in the United States, including our El Dorado Facility, our chemical production facility located in Cherokee, Alabama (the “Cherokee Facility”) and a nitric acid plant (the “Baytown Facility”) operated by our subsidiary, El Dorado Nitrogen, L.P. (“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.

During 2013, we negotiated a global agreement in principle with the EPA/DOJ as to the Clean Air Act issue discussed above. During the first six months of 2014, all parties executed the Consent Decree to settle this matter, which executed Consent Decree received court approval. The Consent Decree provides, among other things, the following:

•

all of our Chemical Business’ owned and operated nitric acid plants are to achieve certain emission rates within a certain time period for each plant. Of the nine nitric acid production facilities currently owned or operated by our Chemical Business, all but EDN required additional pollution control technology to achieve these emission rates. The pollution control technology has already been installed at three of our nitric acid plants and five of our nitric acid plants still require additional pollution control technology equipment to be installed. The cost of the necessary pollution control equipment and the installment of such equipment is estimated to range from $2.0 million to $3.0 million for each of the remaining five nitric acid plants, the cost of which will be capitalized when incurred;

•

our Chemical Business will provide a reforestation mitigation project that is unrelated to our emissions or activities and will not be located at one of our plant sites, for which we have accrued $150,000 included in our accrued liabilities for environmental matters discussed above; and

•

a civil penalty in the amount of $725,000 (which includes the $100,000 civil penalty to the Oklahoma Department of Environmental Quality (“ODEQ”) discussed below), which amount has been paid by our Chemical Business.

One of our subsidiaries, Pryor Chemical Company (“PCC”), within our Chemical Business, has been advised that the ODEQ is conducting an investigation into whether the chemical production facility located in Pryor, Oklahoma (the “Pryor Facility”) was in compliance with certain rules and regulations of the ODEQ and whether PCC’s reports of certain air emissions relating primarily to 2011 were intentionally reported incorrectly to the ODEQ. Pursuant to the request of the ODEQ, PCC submitted information and a report to the ODEQ as to the reports filed by the Pryor Facility relating to the air emissions in question. In February 2013, investigators with the ODEQ obtained documents from the Pryor Facility in connection with this investigation pursuant to a search warrant and interviewed several employees at the facility. PCC has cooperated with the ODEQ in connection with this investigation. As of June 30, 2014, we are not aware of any recommendations made or to be made by the ODEQ with respect to formal legal action to be taken or recommended as a result of this ongoing investigation.

By letter dated April 19, 2013 (the “letter”), ODEQ, based on its inspection of our Pryor Facility conducted in December 2012, identified fifteen issues of alleged non-compliance and concern from the evaluation relating to federal and state air quality regulations, some of which were the subject of the ongoing investigation by ODEQ described above. PCC engaged in discussions with ODEQ and, during the first quarter of 2014, a settlement was reached to resolve the allegations identified in the letter. Three of the violations were resolved through the global settlement with the EPA/DOJ discussed above, and the remaining twelve violations were resolved by PCC paying a civil penalty for $100,000 (which amount is included in the $725,000 civil penalty discussed above) with the settlement being addressed as an addition to the global settlement discussed above. This settlement is unrelated to the pending ODEQ investigation at the Pryor Facility described above, which remains ongoing to our knowledge.

In addition, counsel for the EPA, advised PCC of a pending enforcement investigation by the EPA relating to an ammonia release during February 2014, at the Pryor Facility. The EPA indicated that the investigation is in its beginning stages, but that the EPA will likely allege noncompliance with certain sections of the Clean Air Act, which relates to the release of hazardous air pollutants. The EPA has verbally confirmed that it is considering enforcement action against PCC on this issue. At June 30, 2014, we have accrued an estimated amount for penalties, which is included in our accrued liabilities for environmental matters discussed above.

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. 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. 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, which is included in our accrued liabilities for environmental matters discussed above. The estimated amount is not discounted to its present value.

In addition during 2010, 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 its 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 also not currently defined, and the associated costs (or range of costs) are not currently reasonably estimable. Therefore, no liability has been established at June 30, 2014, in connection with the KDHE’s Natural Resources Trustee matter.

B. Other Pending, Threatened or Settled Litigation

During April 2013, an explosion and fire occurred at the West Fertilizer Co. (“West Fertilizer”), located in West, Texas, causing death, bodily injury and substantial property damage. West Fertilizer is not owned or controlled by us, but West Fertilizer had been a customer of EDC, purchasing AN from EDC from time to time. LSB and EDC previously received letters from counsel purporting to represent subrogated insurance carriers, personal injury claimants and persons who suffered property damages informing them that their clients are conducting investigations into the cause of the explosion and fire to determine, among other things, whether AN manufactured by EDC and supplied to West Fertilizer was stored at West Fertilizer at the time of the explosion and, if so, whether such AN may have been one of the contributing factors of the explosion. Other manufacturers of AN also supplied AN to West Fertilizer. Initially, the lawsuits that had been filed named West Fertilizer and another supplier of AN as defendants. There have been certain responses to discovery in connection with the pending lawsuits that some of the AN products at West Fertilizer at the time of the explosion may have been produced by EDC. As a result, during the first quarter of 2014, EDC and LSB were named as defendants, together with other AN manufactures and brokers that arranged the transport and delivery of AN to West Fertilizer, in the case styled City of West, Texas v CF Industries, Inc., et al, in the District Court of McLennan County, Texas. Plaintiffs are alleging, among other things, that LSB and EDC were negligent in the production and marketing of fertilizer products sold to West Fertilizer resulting in death, personal injury and property damage. EDC has retained a firm specializing in cause and origin investigations, with particular experience with fertilizer facilities, to assist EDC in its own investigation. LSB and EDC have placed its liability insurance carrier on notice of this matter. Our product liability insurance policies have aggregate limits of general liability totaling $100 million, with a self-insured retention of $250,000. As of June 30, 2014, no liability has been established in connection with this matter, but we have incurred professional fees up to our self-insured retention amount.

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, 2014, our accrued general liability insurance claims were $261,000 and are included in accrued and other liabilities. It is possible that the actual future development of claims could be different from our estimates but, after consultation with legal counsel, we believe that changes in our estimates will not have a material effect on our business, financial condition, results of operations or cash flows.

Derivatives, Hedges, Financial Instruments and Carbon Credits

6 Months Ended

Jun. 30, 2014

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Derivatives, Hedges, Financial Instruments and Carbon Credits

Note 10: Derivatives, Hedges, Financial Instruments and Carbon Credits

We currently have two classes of contracts that are accounted for on a fair value basis, which are commodities futures/forward contracts (“commodities 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 climate reserve tonnes (“carbon credits”), of which a certain portion of the carbon credits are to be sold and the proceeds given to Bayer Material Science LLC (“Bayer”). The assets for carbon credits are accounted for on a fair value basis as discussed below. Also, the contractual obligations to give the related proceeds to Bayer are accounted for on a fair value basis (as discussed below) unless we enter into a firm sales commitment to sell the carbon credits. 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, 2014, the valuations of contracts classified as Level 2 related to certain futures/forward natural gas contracts and interest rate swap contracts.

For these contracts, we utilize valuation software and market data from third-party providers. For the natural gas contracts, these contracts are valued using the prices pursuant to the terms of the contracts and using market information for futures/forward natural gas prices. At June 30, 2014, the valuation inputs included the contractual weighted-average cost of $4.21 per MMBtu and the estimated weighted-average market value of $4.22 per MMBtu. For interest rate swap 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, 2014, the valuation inputs included the contractual weighted-average pay rate of 3.23% and the estimated market weighted-average receive rate of 0.47%. No valuation input adjustments were considered necessary relating to nonperformance risk for the contracts discussed above.

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, 2014 and December 31, 2013, the valuations ($2.50 and $1.00 per carbon credit, respectively) of the carbon credits and the contractual obligations associated with these carbon credits are classified as Level 3 and are based on the most recent sales transaction and reevaluated for market changes, if any, and on the range of ask/bid prices obtained from a broker adjusted downward due to minimal market volume activity, respectively. 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 June 30, 2014 and December 31, 2013, we did not have any futures/forward copper contracts. At June 30, 2014, our futures/forward natural gas contracts were for approximately 13,041,000 MMBtu of natural gas through June 2016 (includes contractual costs indexed to future New York Mercantile Exchange prices) at a weighted-average cost of $4.21 per MMBtu. At December 31, 2013, our futures/forward natural gas contracts were for 1,530,000 MMBtu of natural gas through October 2014 at a weighted-average cost of $3.98 per MMBtu. The cash flows relating to these contracts are included in cash flows from continuing operating activities.

Interest Rate Contracts

As part of our interest rate risk management, we periodically purchase and/or enter into various interest rate contracts. 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, 2014 and 2013, 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 assets for 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 sales commitment to sell the carbon credits). At June 30, 2014 and December 31, 2013, we had approximately 669,000 and 1,284,000 carbon credits, respectively, all of which were subject to contractual obligations. 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, 2014 and December 31, 2013:


	Fair Value Measurement at
	June 30, 2014 Using
Description	Total Fair Value At June 30, 2014		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, 2013
	(In Thousands)
Assets—Supplies, prepaid items and other:
Commodities contracts	$	124	$	—	$	124	$	—	$	31
Carbon credits		1,673		—		—		1,673		1,284

Total	$	1,797	$	—	$	124	$	1,673	$	1,315

Liabilities—Current and noncurrent accrued and other liabilities:
Contractual obligations—carbon credits	$	1,673		—		—		1,673		1,284
Interest rate contract		976		—		976		—		1,240

Total	$	2,649	$	—	$	976	$	1,673	$	2,524

None of our assets or liabilities measured at fair value on a recurring basis transferred between Level 1 and Level 2 classifications for the periods presented below except for certain futures/forward natural gas contracts (an asset with an estimated fair value of $31,000 at December 31, 2013) that were transferred from Level 1 to Level 2 since a portion of these contracts are expected to be settled on dates that quoted prices are not available. As a result, we are utilizing observable market data other than quoted prices to value these contracts. The classification transfer of the contracts was deemed to occur on January 1, 2014. 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						Six Months Ended						Three Months Ended				Three Months Ended
	June 30,						June 30,						June 30,				June 30,
	2014			2013			2014			2013			2014		2013		2014			2013
	(In Thousands)
Beginning balance	$	1,284		$	91		$	(1,284	)	$	(91	)	$	1,673	$	312	$	(1,673	)	$	(312	)
Transfers into Level 3		—			—			—			—			—		—		—			—
Transfers out of Level 3		—			—			—			—			—		—		—			—
Total realized and unrealized gains (losses) included in earnings		1,925			546			(1,634	)		(546	)		—		313		—			(313	)
Purchases		—			—			—			—			—		—		—			—
Issuances		—			—			—			—			—		—		—			—
Sales		(1,536	)		(12	)		—			—			—		—		—			—
Settlements		—			—			1,245			12			—		—		—			—

Ending balance	$	1,673		$	625		$	(1,673	)	$	(625	)	$	1,673	$	625	$	(1,673	)	$	(625	)

Total gains (losses) for the period included in earnings results attributed to the change in unrealized gains or losses on assets and liabilities still held at the reporting date	$	1,004		$	534		$	(1,004	)	$	(534	)	$	—	$	313	$	—		$	(313	)

Net gains (losses) included in earnings and the income statement classifications are as follows:


	Six Months Ended						Three Months Ended
	June 30,						June 30,
	2014			2013			2014			2013
	(In Thousands)
Total net gains (losses) included in earnings:
Cost of sales—Undesignated commodities contracts	$	2,111		$	(275	)	$	(105	)	$	(113	)
Other income—Carbon credits		1,925			546			—			313
Other expense—Contractual obligations relating to carbon credits		(1,634	)		(546	)		—			(313	)
Interest expense—Undesignated interest rate contract		(57	)		89			(37	)		88

	$	2,345		$	(186	)	$	(142	)	$	(25	)

At June 30, 2014 and December 31, 2013, we did not have any financial instruments with fair values significantly different from their carrying amounts, except for the Senior Secured Notes. The estimated fair value of the Senior Secured Notes exceeded the carrying value by approximately $30 million and $20 million, respectively. The valuations are classified as Level 2 and based on a range of ask/bid prices. For June 30, 2014, the range was (106.5 to 107.5) and for December 31, 2013, the range was of (104.5 to 104.9). The valuations of our other long-term debt agreements 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 measurements of our other 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 our 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. Also see discussions concerning certain assets and liabilities initially accounted for on a fair value basis under Note 7 – Asset Retirement Obligations.

- Definition

The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts.

+ References

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+ Details

Income Taxes

6 Months Ended

Jun. 30, 2014

Income Tax Disclosure [Abstract]

Income Taxes

Note 11: Income Taxes

Provisions for income taxes are as follows:


	Six Months Ended					Three Months Ended
	June 30,					June 30,
	2014			2013		2014			2013
	(In Thousands)
Current:
Federal	$	(1,189	)	$	784	$	(2,169	)	$	1,754
State		1,242			297		567			412

Total Current		53			1,081		(1,602	)		2,166

Deferred:
Federal		13,393			2,280		8,000			1,971
State		1,255			261		649			230

Total Deferred		14,648			2,541		8,649			2,201

Provisions for income taxes	$	14,701		$	3,622	$	7,047		$	4,367

For the six and three months ended June 30, 2014 and 2013, the current provisions (benefit) for federal income taxes shown above includes regular federal income tax provision (benefit) after the consideration of permanent and temporary differences between income for GAAP and tax purposes, including the benefit related to the retroactive tax relief for certain tax provisions that expired in 2012 as discussed below. For the six and three months ended June 30, 2014 and 2013, the current provisions for state income taxes shown above includes regular state income tax and provisions for uncertain state income tax positions.

Our annual estimated effective tax rate for 2013 includes the impact of permanent tax differences, such as the domestic manufacturer’s deduction, the advanced energy credit and other permanent items. In connection with the American Taxpayer Relief Act of 2012 that was signed into law in January 2013, we recorded a one-time benefit of approximately $0.5 million related to the retroactive tax relief for certain tax provisions that expired in 2012. Because the legislation was signed into law after December 31, 2012, the retroactive effects of the law reduced the current provision for the six months ended June 30, 2013 and impacted the estimated effective tax rate for 2013.

The tax provision for the six months ended June 30, 2014 and 2013 was $14.7 million (39% of pre-tax income) and $3.6 million (37% of pre-tax income, excluding the impact of the 2012 retroactive tax benefits), respectively.

LSB and certain of its subsidiaries file income tax returns in the U.S. federal jurisdiction and various state jurisdictions. With few exceptions, the 2010-2012 years remain open for all purposes of examination by the U.S. Internal Revenue Service (“IRS”) and other major tax jurisdictions. During June 2014, we settled the examination with the IRS for the tax years 2008-2010 with no material changes to our financial position, results of operations and cash flow.

Property and Business Interruption Insurance Claims and Recoveries	6 Months Ended
	Jun. 30, 2014
Text Block [Abstract]
Property and Business Interruption Insurance Claims and Recoveries	Note 12: Property and Business Interruption Insurance Claims and Recoveries Cherokee Facility On November 13, 2012, a pipe ruptured within our Cherokee Facility causing damage primarily to the heat exchanger portion of its ammonia plant. No serious injuries or environmental impact resulted from the pipe rupture. As a result of the damage, the Cherokee Facility could only produce, on a limited basis, nitric acid and AN solution from purchased ammonia until the repairs were completed. Our insurance policy provided, for the policy period covering this claim, for repair or replacement cost coverage relating to property damage with a $2.5 million deductible and provided for business interruption coverage for certain lost profits and extra expense with a 30-day waiting period. As a result of this event, a notice of insurance claims for property damage and business interruption was filed with the insurance carriers. Based upon our assessment that it was probable that the amount of coverage for property damages would exceed our property loss deductible, the net book value of the damaged property and other recoverable costs incurred, we recorded an insurance claim receivable relating to this event, which offset the loss on the disposal of the damaged property and certain repairs and clean-up costs incurred (“recoverable costs”). In March 2013, our insurance carriers approved payments relating to our business interruption claim totaling $15 million. We received correspondence associated with the approval, which stated that our insurance carriers were still investigating the circumstances surrounding this event (including the cause of this event, scope of our losses and support for our claim) under a reservation of rights. The business interruption insurance recovery of $15.0 million was applied against recoverable costs (primarily relating to additional expenses associated with purchased product sold or used in products sold to our customers while our facility was being repaired) totaling $13.0 million as a reduction to cost of sales during the six months ended June 30, 2013 ($10.1 million during the first quarter of 2013 and $2.9 million during the second quarter of 2013). The insurance recovery in excess of recoverable costs of $2.0 million was not recognized at June 30, 2013 since a portion of this amount related to recoverable costs, which we were unable to conclude that it was at least probable (for financial reporting purposes) that these costs would be approved and a portion of this amount related to lost profits, which was considered a gain contingency. In January 2014, we settled the claim with our insurance carriers for the aggregate amount of approximately $43.5 million, including the $15.0 million paid to us as discussed above and the remaining $28.5 million was paid to us in January 2014. As it relates to the $28.5 million paid in January 2014, for financial reporting purposes, we allocated $7.0 million to our property insurance claim and $21.5 million to our business interruption claim primarily based on negotiations with our insurance carriers concerning our claims. The $7.0 million allocated to the property insurance claim was partially applied against our insurance claim receivable, consisting of recoverable costs, totaling $1.9 million at December 31, 2013. The insurance recovery in excess of the recoverable costs of $5.1 million was recognized as property insurance recoveries in excess of losses incurred in the first quarter of 2014. The insurance recovery of $21.5 million allocated to the business interruption claim was recognized as a reduction to cost of sales in the first quarter of 2014. In addition, the insurance recovery in excess of recoverable costs of $1.4 million (that was deferred and included in deferred gain on insurance recoveries at December 31, 2013) was recognized as a reduction to cost of sales in the first quarter of 2014.

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

6 Months Ended

Jun. 30, 2014

Other Income And Expenses [Abstract]

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

Note 13: Other Expense, Income and Non-Operating Other Expense (Income), net


	Six Months Ended						Three Months Ended
	June 30,						June 30,
	2014			2013			2014			2013
	(In Thousands)
Other expense:
Realized and unrealized losses on contractual obligations associated with carbon credits	$	1,634		$	546		$	—		$	313
Losses on sales and disposals of property and equipment		1,008			—			164			(50	)
Dismantle and demolition expense (1)		559			2,100			559			912
Miscellaneous penalties		3			796			3			484
Impairment on long-lived assets		—			210			—			—
Miscellaneous expense (2)		123			104			18			67

Total other expense	$	3,327		$	3,756		$	744		$	1,726

Other income:
Realized and unrealized gains on carbon credits	$	1,925		$	546		$	—		$	313
Settlements of litigation and potential litigation (3)		—			545			—			—
Miscellaneous income (2)		289			454			140			270

Total other income	$	2,214		$	1,545		$	140		$	583

Other expense, net	$	1,113		$	2,211		$	604		$	1,143

Non-operating other expense (income), net:
Interest income	$	(174	)	$	(12	)	$	(79	)	$	(4	)
Miscellaneous income (2)		—			—			—			—
Miscellaneous expense (2)		21			36			3			12

Total non-operating other expense (income), net	$	(153	)	$	24		$	(76	)	$	8

(1)	Amount relates to the dismantling and demolition of certain plants and equipment at our chemical facilities.

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

(3)	Amount relates primarily to a settlement reached associated with a class action insurance brokerage antitrust litigation.

Segment Information

6 Months Ended

Jun. 30, 2014

Segment Reporting [Abstract]

Segment Information

Note 14: Segment Information


	Six Months Ended						Three Months Ended
	June 30,						June 30,
	2014			2013			2014			2013
	(In Thousands)
Net sales:
Chemical (1)	$	250,977		$	198,818		$	135,756		$	121,328
Climate Control		123,100			147,627			62,751			77,357
Other		6,110			6,457			3,155			3,538

	$	380,187		$	352,902		$	201,662		$	202,223

Gross profit: (2)
Chemical (1)	$	57,682		$	14,506		$	29,256		$	12,095
Climate Control		37,766			47,385			18,502			25,403
Other		2,143			2,190			1,111			1,161

	$	97,591		$	64,081		$	48,869		$	38,659

Operating income: (3)
Chemical (1)	$	52,402		$	2,579		$	23,589		$	6,385
Climate Control		8,944			15,840			4,612			9,456
Other		901			754			514			433
General corporate expenses (4)		(12,622	)		(7,185	)		(4,951	)		(4,049	)

		49,625			11,988			23,764			12,225
Interest expense, net (5)		12,379			1,267			5,671			536
Non-operating other expense (income), net:
Chemical		(140	)		—			(63	)		—
Corporate and other business operations		(13	)		24			(13	)		8
Provisions for income taxes		14,701			3,622			7,047			4,367
Equity in earnings of affiliate—Climate Control		(79	)		(343	)		(12	)		(172	)

Income from continuing operations	$	22,777		$	7,418		$	11,134		$	7,486

(1)

During the first quarter of 2014, our Chemical Business experienced downtime at the Pryor Facility resulting in lost production and adverse effect on operating results. During the first six months of 2013, our Chemical Business experienced downtime at the Cherokee, El Dorado and Pryor Facilities resulting in lost production and an adverse effect on operating results. We also recognized insurance recoveries in both periods as discussed in Note 12 – Property and Business Interruption Insurance Claims and Recoveries.

(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 that 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.

(4)	General corporate expenses consist of SG&A, other income and other expense that are not allocated to one of our business segments. General corporate expenses consist of the following:


	Six Months Ended						Three Months Ended
	June 30,						June 30,
	2014			2013			2014			2013
	(In Thousands)
Selling, general and administrative:
Fees and expenses relating to certain activist shareholders’ proposals (A)	$	(4,163	)	$	—		$	—		$	—
Personnel costs		(4,344	)		(4,295	)		(2,812	)		(2,608	)
Professional fees		(2,148	)		(2,209	)		(960	)		(786	)
All other		(2,017	)		(1,230	)		(1,206	)		(614	)

Total selling, general and administrative		(12,672	)		(7,734	)		(4,978	)		(4,008	)
Other income		50			584			27			(6	)
Other expense		—			(35	)		—			(35	)

Total general corporate expenses	$	(12,622	)	$	(7,185	)	$	(4,951	)	$	(4,049	)

(A)	During the first quarter of 2014, we incurred fees and expenses in evaluating and analyzing proposals received from certain activist shareholders and dealing, negotiating and settling with those shareholders in order to avoid a proxy contest.

(5)	During the six and three months ended June 30, 2014, interest expense is net of capitalized interest of $5.3 million and $3.0 million, respectively. During the six and three months ended June 30, 2013, interest expense is net of capitalized interest of $1.0 million and $0.6 million, respectively.

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


	June 30,		December 31,
	2014		2013
	(In Thousands)
Chemical	$	901,379	$	842,725
Climate Control		149,506		159,960
Other		6,058		6,832
Corporate assets		51,979		73,580

Total assets	$	1,108,922	$	1,083,097

- 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.

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Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599

+ Details

Related Party Transactions	6 Months Ended
Related Party Transactions	Jun. 30, 2014
Related Party Transactions [Abstract]
Related Party Transactions	Note 15: Related Party Transactions Golsen Group In March 2013 and February 2014, we paid or declared dividends totaling $300,000, respectively, 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, of which all outstanding shares are owned by Jack E. 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, President and Chief Operating Officer, Steven J. Golsen, our President 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”).

- 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.

+ References + Details

Supplemental Cash Flow Information

6 Months Ended

Jun. 30, 2014

Supplemental Cash Flow Elements [Abstract]

Supplemental Cash Flow Information

Note 16: Supplemental Cash Flow Information

The following provides additional information relating to cash flow activities:


	Six Months Ended
	June 30,
	2014			2013
	(In Thousands)
Cash payments (refunds) for income taxes, net	$	(5,564	)	$	11,865
Noncash investing and financing activities:
Accounts payable and long-term debt associated with additions of property, plant and equipment	$	24,841		$	11,486

Summary of Significant Accounting Policies (Policies)	6 Months Ended
Summary of Significant Accounting Policies (Policies)	Jun. 30, 2014
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 involved in manufacturing and marketing operations. We are primarily engaged in the manufacture and sale of chemical products (the “Chemical Business”) and the manufacture and sale of water source and geothermal heat pumps and air handling products (the “Climate Control Business”). LSB is a holding company with no significant operations or assets other than cash, cash equivalents, and investments in its subsidiaries. Our Chemical Business’ ownership of working interests in natural gas properties is accounted for as an undivided interest, whereby we reflect our proportionate share of the underlying assets, liabilities, revenues and expenses. Our working interest represents our share of the costs and expenses incurred primarily to develop the underlying leaseholds and to produce natural gas while our net revenue interest represents our share of the revenues from the sale of natural gas. The net revenue interest is less than our working interest as the result of royalty interest due to others. We are not the operator of these natural gas properties. 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, 2014 and for the six and three-month periods ended June 30, 2014 and 2013 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, certain downtime events associated with our chemical facilities, 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 2013 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.
Cash and Cash Equivalents	Cash and Cash Equivalents—Investments, which consist of highly liquid investments with original maturities of three months or less, are considered cash equivalents. At June 30, 2014, the cash and cash equivalents balance exceeded the FDIC-insured limits by approximately $4.2 million. All of these cash balances were held by financial institutions within the U.S.
Short-Term Investments	Short-Term Investments—Investments, which consisted of certificates of deposit with an original maturity of 26 weeks, are considered short-term investments. These investments are carried at cost which approximates fair value. At June 30, 2014, the short-term investment balance exceeded the FDIC-insured limits by approximately $14.3 million. All of these investments were held by financial institutions within the U.S.
Noncurrent Restricted Cash and Cash Equivalents	Noncurrent Restricted Cash and Cash Equivalents—Noncurrent restricted cash and cash equivalents consist of balances that are designated by us for specific purposes relating to capital projects. At June 30, 2014, the noncurrent restricted cash and cash equivalents balance exceeded the FDIC-insured limits by approximately $65.6 million. All of this balance was held by financial institutions within the U.S.
Noncurrent Restricted Investments	Noncurrent Restricted Investments—Noncurrent restricted investments consist of investment balances that are designated by us for specific purposes relating to capital projects. At June 30, 2014, the balance includes investments in certificates of deposits with an original maturity no longer than approximately 26 weeks. The investments in certificates of deposits are carried at cost, which approximates fair value. The investments in certificates of deposits exceeded the FDIC-insured limits by approximately $49.8 million. All of this balance was held by financial institutions within the U.S.
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. An insurance recovery in excess of recoverable costs relating to a business interruption claim, if any, is a reduction to cost of sales. An insurance recovery in excess of recoverable costs relating to a property insurance claim, if any, is included in property insurance recoveries in excess of losses incurred.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements In May 2014, the Financial Accounting Standards Board issued Accounting Standard Update 2014-09-Revenue from Contracts with Customers, which will supersede nearly all existing revenue recognition guidance under GAAP. The standard’s core principle is that a company will recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. We are evaluating our existing revenue recognition policies to determine whether any contracts in the scope of the guidance will be affected by the new requirements. The effects may include identifying performance obligations in existing arrangements, estimating the amount of variable consideration to include in the transaction price and allocating the transaction price to each separate performance obligation. The standard is effective for us on January 1, 2017. Early adoption is not permitted. The standard allows for either “full retrospective” adoption, meaning the standard is applied to all of the periods presented, or “modified retrospective” adoption, meaning the standard is applied only to the most current period presented in the financial statements. We are currently evaluating the transition method that will be elected.

- Definition

Disclosure of accounting policy for cash and cash equivalents, including the policy for determining which items are treated as cash equivalents. Other information that may be disclosed includes (1) the nature of any restrictions on the entity's use of its cash and cash equivalents, (2) whether the entity's cash and cash equivalents are insured or expose the entity to credit risk, (3) the classification of any negative balance accounts (overdrafts), and (4) the carrying basis of cash equivalents (for example, at cost) and whether the carrying amount of cash equivalents approximates fair value.

+ References + Details

- Definition

Entity's cash and cash equivalents accounting policy with respect to restricted balances. Restrictions may include legally restricted deposits held as compensating balances against short-term borrowing arrangements, contracts entered into with others, or company statements of intention with regard to particular deposits; however, time deposits and short-term certificates of deposit are not generally included in legally restricted deposits.

+ References + Details

- Definition

Disclosure of accounting policy regarding (1) the principles it follows in consolidating or combining the separate financial statements, including the principles followed in determining the inclusion or exclusion of subsidiaries or other entities in the consolidated or combined financial statements and (2) its treatment of interests (for example, common stock, a partnership interest or other means of exerting influence) in other entities, for example consolidation or use of the equity or cost methods of accounting. The accounting policy may also address the accounting treatment for intercompany accounts and transactions, noncontrolling interest, and the income statement treatment in consolidation for issuances of stock by a subsidiary.

+ References + Details

- Definition

Disclosure of accounting policy for investments in financial assets, including marketable securities (debt and equity securities with readily determinable fair values), investments accounted for under the equity method and cost method, securities borrowed and loaned, and repurchase and resale agreements. For marketable securities, the disclosure may include the entity's accounting treatment for transfers between investment categories and how the fair values for such securities are determined. Also, for all investments, an entity may describe its policy for assessing, recognizing and measuring impairment of the investment.

+ References + Details

Income Per Common Share (Tables)

6 Months Ended

Jun. 30, 2014

Earnings Per Share [Abstract]

Computation of Basic and Diluted Net Income Per Common Share


	Six Months Ended						Three Months Ended
	June 30,						June 30,
	2014			2013			2014		2013
Numerator:
Net income	$	22,754		$	7,359		$	11,113	$	7,427
Dividends on Series B Preferred		(240	)		(240	)		—		—
Dividends on Series D Preferred		(60	)		(60	)		—		—

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

Numerator for basic net income per common share—net income applicable to common stock		22,454			7,059			11,113		7,427
Dividends on preferred stocks assumed to be converted, if dilutive		300			60			—		—

Numerator for diluted net income per common share	$	22,754		$	7,119		$	11,113	$	7,427

Denominator:
Denominator for basic net income per common share—weighted-average shares		22,538,773			22,430,589			22,544,857		22,437,485
Effect of dilutive securities:
Convertible preferred stocks		916,666			250,000			916,666		916,666
Stock options		195,000			234,071			198,715		223,232

Dilutive potential common shares		1,111,666			484,071			1,115,381		1,139,898

Denominator for diluted net income per common share—adjusted weighted-average shares and assumed conversions		23,650,439			22,914,660			23,660,238		23,577,383

Basic net income per common share	$	1.00		$	0.31		$	0.49	$	0.33

Diluted net income per common share	$	0.96		$	0.31		$	0.47	$	0.31

Antidilutive Securities Excluded from Computation of Earnings Per Share

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				Three Months Ended
	June 30,				June 30,
	2014		2013		2014		2013
Convertible preferred stocks		—		666,666		—		—
Stock options		325,326		251,683		370,099		250,016

		325,326		918,349		370,099		250,016

Accounts Receivable, net (Tables)

6 Months Ended

Jun. 30, 2014

Receivables [Abstract]

Net Accounts Receivable


	June 30,			December 31,
	2014			2013
	(In Thousands)
Trade receivables	$	85,923		$	77,899
Insurance claims		—			1,865
Other		1,577			1,633

		87,500			81,397
Allowance for doubtful accounts		(537	)		(827	)

	$	86,963		$	80,570

Current and Noncurrent Accrued and Other Liabilities (Tables)

6 Months Ended

Jun. 30, 2014

Other Liabilities Disclosure [Abstract]

Summary of Current and Noncurrent Accrued and Other Liabilities

Our current and noncurrent accrued and other liabilities consist of the following:


	June 30,		December 31,
	2014		2013
	(In Thousands)
Accrued interest	$	14,036	$	13,925
Accrued payroll and benefits		8,331		8,981
Accrued warranty costs		7,701		7,297
Deferred revenue on extended warranty contracts		7,665		7,407
Customer deposits		1,195		5,500
Other		21,054		23,083

		59,982		66,193
Less noncurrent portion		17,463		17,086

Current portion of accrued and other liabilities	$	42,519	$	49,107

Accrued Warranty Costs (Tables)

6 Months Ended

Jun. 30, 2014

Guarantees [Abstract]

Changes in Product Warranty Obligation (Accrued Warranty Costs)

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


	Six Months Ended						Three Months Ended
	June 30,						June 30,
	2014			2013			2014			2013
	(In Thousands)
Balance at beginning of period	$	7,297		$	6,172		$	7,578		$	6,486
Amounts charged to costs and expenses		3,695			4,011			1,468			2,021
Costs incurred		(3,291	)		(3,239	)		(1,345	)		(1,563	)

Balance at end of period	$	7,701		$	6,944		$	7,701		$	6,944

Long-Term Debt (Tables)

6 Months Ended

Jun. 30, 2014

Debt Disclosure [Abstract]

Schedule of Long-Term Debt

Our long-term debt consists of the following:


	June 30,		December 31,
	2014		2013
	(In Thousands)
Working Capital Revolver Loan (A)	$	—	$	—
7.75% Senior Secured Notes due 2019 (B)		425,000		425,000
Secured Promissory Note (C)		26,211		29,555
Other, with a current weighted-average interest rate of 4.05%, most of which is secured by machinery and equipment		9,117		8,412

		460,328		462,967
Less current portion of long-term debt		10,530		9,262

Long-term debt due after one year	$	449,798	$	453,705

The lender has the ability to, upon an event of default, as defined, terminate the Amended Working Capital Revolver Loan and make the balance outstanding, if any, due and payable in full.

•

incur additional indebtedness;

•

create liens on, sell or otherwise dispose of our assets;

•

engage in certain fundamental corporate changes or changes to our business activities;

•

make certain material acquisitions;

•

make other restricted payments, including investments;

•

repay certain indebtedness;

•

engage in certain affiliate transactions;

•

declare dividends and distributions;

•

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

•

dispose assets.

The Amended Working Capital Revolver Loan allows the Borrowers and subsidiaries under the Senior Secured Notes to guarantee those notes.

•

distributions and pay dividends by LSB with respect to amounts in excess of $0.5 million during each fiscal year;

•

acquisitions of treasury stock by LSB with respect to amounts in excess of $0.5 million during each fiscal year;

•

certain hedging agreements;

•

investments in joint ventures and certain subsidiaries of LSB in an aggregate amount not exceeding $35.0 million; and

•

other investments in an aggregate amount not exceeding $50.0 million at any one time outstanding.

The Senior Secured Notes bear interest at the rate of 7.75% per year and mature on August 1, 2019. Interest is to be paid semiannually on February 1st and August 1st.

Those subsidiaries that provide guarantees of the Senior Secured Notes will be released from such guarantees upon the occurrence of certain events, including the following:

•

the designation of such guarantor as an unrestricted subsidiary;

•

the release or discharge of any guarantee or indebtedness that resulted in the creation of the guarantee of the Senior Secured Notes by such guarantor;

•

the sale or other disposition, including by way of merger or otherwise, of its capital stock or of all or substantially all of the assets, of such guarantor; or

•


Year	Percentage
2016		103.875	%
2017		101.938	%
2018 and thereafter		100.000	%

The Indenture contains covenants that, among other things, limit LSB’s ability, with certain exceptions and as defined in the Indenture, to:

•

incur additional indebtedness;

•

pay dividends;

•

repurchase LSB’ common and preferred stocks;

•

make investments;

•

repay certain indebtedness;

•

create liens on, sell or otherwise dispose of our assets;

•

engage in mergers, consolidations or other forms of recapitalization;

•

engage in sale-leaseback transactions; or

•

engage in certain affiliate transactions.

Approximately $67.2 million of the proceeds from Senior Secured Notes was used to pay all outstanding borrowings, including a prepayment premium, under a secured term loan facility.

- 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 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644

Reference 3: 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 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=26873400&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 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644

Reference 8: 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 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, 2014

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Assets and Liabilities Measured at Fair Value on Recurring Basis

The following details our assets and liabilities that are measured at fair value on a recurring basis at June 30, 2014 and December 31, 2013:


			Fair Value Measurement at
			June 30, 2014 Using
Description	Total Fair Value At June 30, 2014		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, 2013
					(In Thousands)
Assets—Supplies, prepaid items and other:
Commodities contracts	$	124	$	—	$	124	$	—	$	31
Carbon credits		1,673		—		—		1,673		1,284

Total	$	1,797	$	—	$	124	$	1,673	$	1,315

Liabilities—Current and noncurrent accrued and other liabilities:
Contractual obligations—carbon credits	$	1,673		—		—		1,673		1,284
Interest rate contract		976		—		976		—		1,240

Total	$	2,649	$	—	$	976	$	1,673	$	2,524

Reconciliation of Beginning and Ending Balances for Assets and Liabilities Measured at Fair Value on Recurring Basis

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						Six Months Ended						Three Months Ended				Three Months Ended
	June 30,						June 30,						June 30,				June 30,
	2014			2013			2014			2013			2014		2013		2014			2013
	(In Thousands)
Beginning balance	$	1,284		$	91		$	(1,284	)	$	(91	)	$	1,673	$	312	$	(1,673	)	$	(312	)
Transfers into Level 3		—			—			—			—			—		—		—			—
Transfers out of Level 3		—			—			—			—			—		—		—			—
Total realized and unrealized gains (losses) included in earnings		1,925			546			(1,634	)		(546	)		—		313		—			(313	)
Purchases		—			—			—			—			—		—		—			—
Issuances		—			—			—			—			—		—		—			—
Sales		(1,536	)		(12	)		—			—			—		—		—			—
Settlements		—			—			1,245			12			—		—		—			—

Ending balance	$	1,673		$	625		$	(1,673	)	$	(625	)	$	1,673	$	625	$	(1,673	)	$	(625	)

Total gains (losses) for the period included in earnings results attributed to the change in unrealized gains or losses on assets and liabilities still held at the reporting date	$	1,004		$	534		$	(1,004	)	$	(534	)	$	—	$	313	$	—		$	(313	)

Net Gains (Losses) Included in Earnings and the Income Statement Classifications

Net gains (losses) included in earnings and the income statement classifications are as follows:


	Six Months Ended						Three Months Ended
	June 30,						June 30,
	2014			2013			2014			2013
	(In Thousands)
Total net gains (losses) included in earnings:
Cost of sales—Undesignated commodities contracts	$	2,111		$	(275	)	$	(105	)	$	(113	)
Other income—Carbon credits		1,925			546			—			313
Other expense—Contractual obligations relating to carbon credits		(1,634	)		(546	)		—			(313	)
Interest expense—Undesignated interest rate contract		(57	)		89			(37	)		88

	$	2,345		$	(186	)	$	(142	)	$	(25	)

Income Taxes (Tables)

6 Months Ended

Jun. 30, 2014

Income Tax Disclosure [Abstract]

Provisions for Income Taxes

Provisions for income taxes are as follows:


	Six Months Ended					Three Months Ended
	June 30,					June 30,
	2014			2013		2014			2013
	(In Thousands)
Current:
Federal	$	(1,189	)	$	784	$	(2,169	)	$	1,754
State		1,242			297		567			412

Total Current		53			1,081		(1,602	)		2,166

Deferred:
Federal		13,393			2,280		8,000			1,971
State		1,255			261		649			230

Total Deferred		14,648			2,541		8,649			2,201

Provisions for income taxes	$	14,701		$	3,622	$	7,047		$	4,367

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

6 Months Ended

Jun. 30, 2014

Other Income And Expenses [Abstract]

Schedule of Other Expense, Income and Non-Operating Other Expense (Income), Net


	Six Months Ended						Three Months Ended
	June 30,						June 30,
	2014			2013			2014			2013
	(In Thousands)
Other expense:
Realized and unrealized losses on contractual obligations associated with carbon credits	$	1,634		$	546		$	—		$	313
Losses on sales and disposals of property and equipment		1,008			—			164			(50	)
Dismantle and demolition expense (1)		559			2,100			559			912
Miscellaneous penalties		3			796			3			484
Impairment on long-lived assets		—			210			—			—
Miscellaneous expense (2)		123			104			18			67

Total other expense	$	3,327		$	3,756		$	744		$	1,726

Other income:
Realized and unrealized gains on carbon credits	$	1,925		$	546		$	—		$	313
Settlements of litigation and potential litigation (3)		—			545			—			—
Miscellaneous income (2)		289			454			140			270

Total other income	$	2,214		$	1,545		$	140		$	583

Other expense, net	$	1,113		$	2,211		$	604		$	1,143

Non-operating other expense (income), net:
Interest income	$	(174	)	$	(12	)	$	(79	)	$	(4	)
Miscellaneous income (2)		—			—			—			—
Miscellaneous expense (2)		21			36			3			12

Total non-operating other expense (income), net	$	(153	)	$	24		$	(76	)	$	8

(1)	Amount relates to the dismantling and demolition of certain plants and equipment at our chemical facilities.

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

(3)	Amount relates primarily to a settlement reached associated with a class action insurance brokerage antitrust litigation.

Segment Information (Tables)

6 Months Ended

Jun. 30, 2014

Segment Reporting [Abstract]

Segment Financial Information


	Six Months Ended						Three Months Ended
	June 30,						June 30,
	2014			2013			2014			2013
	(In Thousands)
Net sales:
Chemical (1)	$	250,977		$	198,818		$	135,756		$	121,328
Climate Control		123,100			147,627			62,751			77,357
Other		6,110			6,457			3,155			3,538

	$	380,187		$	352,902		$	201,662		$	202,223

Gross profit: (2)
Chemical (1)	$	57,682		$	14,506		$	29,256		$	12,095
Climate Control		37,766			47,385			18,502			25,403
Other		2,143			2,190			1,111			1,161

	$	97,591		$	64,081		$	48,869		$	38,659

Operating income: (3)
Chemical (1)	$	52,402		$	2,579		$	23,589		$	6,385
Climate Control		8,944			15,840			4,612			9,456
Other		901			754			514			433
General corporate expenses (4)		(12,622	)		(7,185	)		(4,951	)		(4,049	)

		49,625			11,988			23,764			12,225
Interest expense, net (5)		12,379			1,267			5,671			536
Non-operating other expense (income), net:
Chemical		(140	)		—			(63	)		—
Corporate and other business operations		(13	)		24			(13	)		8
Provisions for income taxes		14,701			3,622			7,047			4,367
Equity in earnings of affiliate—Climate Control		(79	)		(343	)		(12	)		(172	)

Income from continuing operations	$	22,777		$	7,418		$	11,134		$	7,486

(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)	General corporate expenses consist of SG&A, other income and other expense that are not allocated to one of our business segments. General corporate expenses consist of the following:


	Six Months Ended						Three Months Ended
	June 30,						June 30,
	2014			2013			2014			2013
	(In Thousands)
Selling, general and administrative:
Fees and expenses relating to certain activist shareholders’ proposals (A)	$	(4,163	)	$	—		$	—		$	—
Personnel costs		(4,344	)		(4,295	)		(2,812	)		(2,608	)
Professional fees		(2,148	)		(2,209	)		(960	)		(786	)
All other		(2,017	)		(1,230	)		(1,206	)		(614	)

Total selling, general and administrative		(12,672	)		(7,734	)		(4,978	)		(4,008	)
Other income		50			584			27			(6	)
Other expense		—			(35	)		—			(35	)

Total general corporate expenses	$	(12,622	)	$	(7,185	)	$	(4,951	)	$	(4,049	)

(A)	During the first quarter of 2014, we incurred fees and expenses in evaluating and analyzing proposals received from certain activist shareholders and dealing, negotiating and settling with those shareholders in order to avoid a proxy contest.

(5)	During the six and three months ended June 30, 2014, interest expense is net of capitalized interest of $5.3 million and $3.0 million, respectively. During the six and three months ended June 30, 2013, interest expense is net of capitalized interest of $1.0 million and $0.6 million, respectively.

General Corporate Expenses and Other Business Operations, Net


	Six Months Ended						Three Months Ended
	June 30,						June 30,
	2014			2013			2014			2013
	(In Thousands)
Selling, general and administrative:
Fees and expenses relating to certain activist shareholders’ proposals (A)	$	(4,163	)	$	—		$	—		$	—
Personnel costs		(4,344	)		(4,295	)		(2,812	)		(2,608	)
Professional fees		(2,148	)		(2,209	)		(960	)		(786	)
All other		(2,017	)		(1,230	)		(1,206	)		(614	)

Total selling, general and administrative		(12,672	)		(7,734	)		(4,978	)		(4,008	)
Other income		50			584			27			(6	)
Other expense		—			(35	)		—			(35	)

Total general corporate expenses	$	(12,622	)	$	(7,185	)	$	(4,951	)	$	(4,049	)

(A)	During the first quarter of 2014, we incurred fees and expenses in evaluating and analyzing proposals received from certain activist shareholders and dealing, negotiating and settling with those shareholders in order to avoid a proxy contest.

Total Assets by Business Segment

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


	June 30,		December 31,
	2014		2013
	(In Thousands)
Chemical	$	901,379	$	842,725
Climate Control		149,506		159,960
Other		6,058		6,832
Corporate assets		51,979		73,580

Total assets	$	1,108,922	$	1,083,097

Supplemental Cash Flow Information (Tables)

6 Months Ended

Jun. 30, 2014

Supplemental Cash Flow Elements [Abstract]

Additional Information Relating to Cash Flow Activities

The following provides additional information relating to cash flow activities:


	Six Months Ended June 30,
	2014			2013
	(In Thousands)
Cash payments (refunds) for income taxes, net	$	(5,564	)	$	11,865
Noncash investing and financing activities:
Accounts payable and long-term debt associated with additions of property, plant and equipment	$	24,841		$	11,486

Summary of Significant Accounting Policies - Additional Information (Detail) $ in Millions	6 Months Ended
	Jun. 30, 2014 USD ($)
Minimum [Member]
Summary Of Significant Accounting Policies [Line Items]
Ownership interest in equity method investment	20.00%
Maximum [Member]
Summary Of Significant Accounting Policies [Line Items]
Ownership interest in equity method investment	50.00%
Cash and Cash Equivalents [Member]
Summary Of Significant Accounting Policies [Line Items]
Balance in excess of FDIC-insured limits	$ 4.2
Short-Term Investments [Member]
Summary Of Significant Accounting Policies [Line Items]
Balance in excess of FDIC-insured limits	$ 14.3
Original maturity period	26 weeks
Noncurrent Restricted Cash and Cash Equivalents [Member]
Summary Of Significant Accounting Policies [Line Items]
Balance in excess of FDIC-insured limits	$ 65.6
Noncurrent Restricted Investments [Member] \| CD [Member]
Summary Of Significant Accounting Policies [Line Items]
Balance in excess of FDIC-insured limits	$ 49.8
Original maturity period	No longer than approximately 26 weeks

Income Per Common Share - Computation of Basic and Diluted Net Income Per Common Share (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Numerator:
Net income	$ 11,113	$ 7,427	$ 22,754	$ 7,359
Total dividends on preferred stocks			(300)	(300)
Numerator for basic net income per common share-net income applicable to common stock	11,113	7,427	22,454	7,059
Dividends on preferred stocks assumed to be converted, if dilutive			300	60
Numerator for diluted net income per common share	$ 11,113	$ 7,427	$ 22,754	$ 7,119
Denominator:
Denominator for basic net income per common share-weighted-average shares	22,544,857	22,437,485	22,538,773	22,430,589
Effect of dilutive securities:
Convertible preferred stocks	916,666	916,666	916,666	250,000
Stock options	198,715	223,232	195,000	234,071
Dilutive potential common shares	1,115,381	1,139,898	1,111,666	484,071
Denominator for diluted net income per common share-adjusted weighted-average shares and assumed conversions	23,660,238	23,577,383	23,650,439	22,914,660
Basic net income per common share	$ 0.49	$ 0.33	$ 1.00	$ 0.31
Diluted net income per common share	$ 0.47	$ 0.31	$ 0.96	$ 0.31
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)

Income Per Common Share - Antidilutive Securities Excluded from Computation of Earnings Per Share (Detail) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of diluted earning per share	370,099	250,016	325,326	918,349
Convertible Preferred Stocks [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of diluted earning per share				666,666
Stock Options [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of diluted earning per share	370,099	250,016	325,326	251,683

Accounts Receivable, net - Net Accounts Receivable (Detail) - USD ($) $ in Thousands	Jun. 30, 2014	Dec. 31, 2013
Receivables [Abstract]
Trade receivables	$ 85,923	$ 77,899
Insurance claims		1,865
Other	1,577	1,633
Accounts receivable, gross	87,500	81,397
Allowance for doubtful accounts	(537)	(827)
Accounts receivable, net	$ 86,963	$ 80,570

Accounts Receivable, net - Additional Information (Detail) - Receivable Sales Agreement [Member]	6 Months Ended
	Jun. 30, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Contract period	The term of this agreement matures in August 2014, with renewal options, but either party has an option to terminate the agreement pursuant to the terms of the agreement
Contract terms	Receive payment from the Bank no later than one business day after the Bank's acceptance of EDC's offer to sell the accounts receivables

Inventories - Additional Information (Detail) - USD ($)	Jun. 30, 2014	Dec. 31, 2013
Climate Control Products [Member]
Inventory [Line Items]
Inventory reserves	$ 1,373,000	$ 1,389,000
Chemical Products [Member]
Inventory [Line Items]
Inventory reserves	$ 20,000	$ 1,623,000

Current and Noncurrent Accrued and Other Liabilities - Summary of Current and Noncurrent Accrued and Other Liabilities (Detail) - USD ($) $ in Thousands	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012
Payables And Accruals [Abstract]
Accrued interest	$ 14,036		$ 13,925
Accrued payroll and benefits	8,331		8,981
Accrued warranty costs	7,701	$ 7,578	7,297	$ 6,944	$ 6,486	$ 6,172
Deferred revenue on extended warranty contracts	7,665		7,407
Customer deposits	1,195		5,500
Other	21,054		23,083
Total current and noncurrent accrued liabilities	59,982		66,193
Less noncurrent portion	17,463		17,086
Current portion of accrued and other liabilities	$ 42,519		$ 49,107

Accrued Warranty Costs - Additional Information (Detail)	6 Months Ended
	Jun. 30, 2014
Disclosure Accrued Product Warranty Costs [Abstract]
Commercial and industrial product base warranty coverage for manufactured equipment	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

Accrued Warranty Costs - Changes in Product Warranty Obligation (Accrued Warranty Costs) (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Disclosure Accrued Product Warranty Costs [Abstract]
Balance at beginning of period	$ 7,578	$ 6,486	$ 7,297	$ 6,172
Amounts charged to costs and expenses	1,468	2,021	3,695	4,011
Costs incurred	(1,345)	(1,563)	(3,291)	(3,239)
Balance at end of period	$ 7,701	$ 6,944	$ 7,701	$ 6,944

Asset Retirement Obligations - Additional Information (Detail) - USD ($)	Jun. 30, 2014	Dec. 31, 2013
Asset Retirement Obligation Disclosure [Abstract]
Accrued liability for AROs	$ 308,000	$ 304,000

Long-Term Debt - Schedule of Long-Term Debt (Detail) - USD ($) $ in Thousands	Jun. 30, 2014	Dec. 31, 2013
Debt Instrument [Line Items]
Long-term debt	$ 460,328	$ 462,967
Less current portion of long-term debt	10,530	9,262
Long-term debt due after one year	449,798	453,705
Working Capital Revolver Loan [Member]
Debt Instrument [Line Items]
Long-term debt
7.75% Senior Secured Notes due 2019 [Member]
Debt Instrument [Line Items]
Long-term debt	425,000	425,000
Secured Promissory Note [Member]
Debt Instrument [Line Items]
Long-term debt	26,211	29,555
Other, with a current weighted-average interest rate of 4.05%, most of which is secured by machinery and equipment [Member]
Debt Instrument [Line Items]
Long-term debt	$ 9,117	$ 8,412

Long-Term Debt - Schedule of Long-Term Debt (Parenthetical) (Detail) $ in Millions	6 Months Ended
	Jun. 30, 2014 USD ($) Guarantors	Dec. 31, 2013
7.75% Senior Secured Notes due 2019 [Member]
Debt Instrument [Line Items]
Percentage of Senior Secured Notes	7.75%	7.75%
Maturity date	Aug. 01, 2019
Offering date	Aug. 07, 2013
Aggregate principal amount of notes sold	$ 425.0
Net proceeds received from private placement of notes	$ 351.0
Number of unsecured guarantors \| Guarantors	2
Earliest redemption date	Aug. 01, 2016
Change in control purchase price	101.00%
Secured Promissory Note [Member]
Debt Instrument [Line Items]
Maturity date	Feb. 01, 2016
Proceeds of the Secured Promissory Note	$ 35.0
Purchase price of business acquisition	$ 50.0
Secured Promissory Notes, interest rate description	Principal and interest are payable monthly based on a five-year amortization at a defined LIBOR rate plus 300 basis points
Secured Promissory Note, interest rate	3.23%
Final balloon payment	$ 15.3
Other, with a current weighted-average interest rate of 4.05%, most of which is secured by machinery and equipment [Member]
Debt Instrument [Line Items]
Weighted-average interest rate of other debt	4.05%
Secured Term Loan [Member]
Debt Instrument [Line Items]
Repayment of outstanding borrowings	$ 67.2
2016 [Member]
Debt Instrument [Line Items]
Redemption price	103.875%
2017 [Member]
Debt Instrument [Line Items]
Redemption price	101.938%
2018 and Thereafter [Member]
Debt Instrument [Line Items]
Redemption price	100.00%
Minimum [Member]
Debt Instrument [Line Items]
Notice period of senior secured notes to be redeemed	Not less than 30 days
Maximum [Member]
Debt Instrument [Line Items]
Notice period of senior secured notes to be redeemed	Nor more than 60 days
First Priority Secured Notes [Member]
Debt Instrument [Line Items]
Carrying value of the assets	$ 463.0
Second Priority Secured Notes [Member]
Debt Instrument [Line Items]
Carrying value of the assets	133.0
Amended Working Capital Revolver Loan [Member]
Debt Instrument [Line Items]
Amended maximum amount of revolving credit facility	$ 100.0
Maturity date	Apr. 13, 2018
Description of interest rate of revolving credit facility	Interest at a base rate (generally equivalent to the prime rate) plus 0.50% if borrowing availability is greater than $25.0 million, otherwise plus 0.75% or, at our option, accrues interest at LIBOR plus 1.50% if borrowing availability is greater than $25.0 million, otherwise LIBOR plus 1.75%.
Line of credit facility, interest rate	3.75%
Letters of credit maximum capacity	$ 15.0
Amount available for borrowing	$ 69.4
Fees expressed as percentage for unused letters of credit	1.00%
Fees expressed as percentage for unused revolving credit facility	0.25%
Amended working capital revolver loan requirements	A minimum fixed charge coverage ratio of not less than 1.10 to 1, if at any time the excess availability (as defined by the Amended Working Capital Revolver Loan), under the Amended Working Capital Revolver Loan, is less than or equal to $12.5 million.
Amended Working Capital Revolver Loan [Member] \| Covenants [Member]
Debt Instrument [Line Items]
Loan requirements description	Equal to or greater than the greater of (x) 20% of the maximum revolver commitment or (y) $20 million
Limit of distributions/dividends	$ 0.5
Limit of treasury stock acquisition	0.5
Limit of joint ventures	35.0
Limit of other investments	$ 50.0
Events of default description	Any material misstatement or misrepresentation and breaches of representations and warranties made, violations of covenants, cross-payment default to indebtedness in excess of $2.5 million, cross-acceleration to indebtedness in excess of $2.5 million, bankruptcy and insolvency events, certain unsatisfied judgments, certain liens, and certain assertions of, or actual invalidity of, certain loan documents.

Commitments and Contingencies - Additional Information (Detail)	1 Months Ended	6 Months Ended
	Apr. 30, 2013 USD ($)	Jun. 30, 2014 USD ($) Cases Plant Facility Subsidiary T	Apr. 19, 2013 Cases
Commitments And Contingencies [Line Items]
Accrued liabilities for environmental matters		$ 551,000
Penalty related to discharge water permit		100,000
Insurance coverage of general liability risks	$ 100,000,000
Product liability deductible per claim	$ 250,000
Accrued general liability insurance claims		$ 261,000
Chemical Business [Member]
Commitments And Contingencies [Line Items]
Number of nitric acid production facilities \| Facility		9
Plants compliant with Clean Air Act \| Plant		3
Minimum range of estimated capital cost to meet Clean Air Act emission rates		$ 2,000,000
Maximum range of estimated capital cost to meet Clean Air Act emission rates		$ 3,000,000
Plants requiring capital investment to achieve Clean Air Act compliance \| Plant		5
Reforestation mitigation accrued project costs		$ 150,000
Amount of civil penalty to be paid		725,000
Climate Control Business [Member]
Commitments And Contingencies [Line Items]
Product liability deductible per claim		250,000
Pryor Chemical Company [Member]
Commitments And Contingencies [Line Items]
Amount of civil penalty		$ 100,000
Number of alleged non-compliance issues \| Cases			15
Number of alleged violation resolved through a global settlement \| Cases		3
Number of alleged violations resolved through civil penalty payment \| Cases		12
Hallowell Facility [Member]
Commitments And Contingencies [Line Items]
Number of subsidiaries under Chemical Business that sold their operating assets \| Subsidiary		2
El Dorado Facility [Member]
Commitments And Contingencies [Line Items]
Operating agreement maturity date		Dec. 31, 2053
El Dorado Facility [Member] \| Ammonia Plant [Member]
Commitments And Contingencies [Line Items]
Project costs capitalized		$ 74,000,000
El Dorado Facility [Member] \| Nitric Acid Plant [Member]
Commitments And Contingencies [Line Items]
Project costs capitalized		73,000,000
El Dorado Facility [Member] \| Minimum [Member] \| Ammonia Plant [Member]
Commitments And Contingencies [Line Items]
Estimated range of project costs to construct plant		250,000,000
El Dorado Facility [Member] \| Minimum [Member] \| Nitric Acid Plant [Member]
Commitments And Contingencies [Line Items]
Estimated range of project costs to construct plant		115,000,000
El Dorado Facility [Member] \| Maximum [Member] \| Ammonia Plant [Member]
Commitments And Contingencies [Line Items]
Estimated range of project costs to construct plant		300,000,000
El Dorado Facility [Member] \| Maximum [Member] \| Nitric Acid Plant [Member]
Commitments And Contingencies [Line Items]
Estimated range of project costs to construct plant		$ 125,000,000
Amended Ammonium Nitrate Supply Agreement [Member] \| Orica International [Member]
Commitments And Contingencies [Line Items]
Ammonium nitrate supply agreement maturity date		Apr. 09, 2015
Notice of termination		Required notice of termination of one year
Amended Ammonium Nitrate Supply Agreement [Member] \| Orica International [Member] \| Minimum [Member]
Commitments And Contingencies [Line Items]
Current purchase agreement quantity with Orica International \| T		240,000

Derivatives, Hedges, Financial Instruments and Carbon Credits - Additional Information (Detail)	6 Months Ended	12 Months Ended
	Jun. 30, 2014 USD ($) MMBTU Unit $ / shares $ / Transaction $ / MMBTU	Dec. 31, 2013 USD ($) MMBTU Unit $ / shares $ / Transaction $ / lb	Feb. 28, 2011 USD ($)
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Contractual weighted-average cost	4.21	3.98
Estimated weighted-average market value \| $ / MMBTU	4.22
Contractual weighted-average pay rate	3.23%
Estimated market weighted-average receive rate	0.47%
Carbon credit fair value per unit \| $ / Transaction	2.50	1.00
Derivative future or forward contracts in volume \| MMBTU	13,041,000	1,530,000
The month future or forward natural gas contract period ends	2016-06	2014-10
LIBOR rate			3.23%
Interest rate swap declining balance beginning balance			$ 23,800,000
Interest rate swap declining balance ending balance			$ 18,800,000
Interest rate contracts fixed rate description	Fixed three-month LIBOR rate of 3.23% on a declining balance
Maturity period interest rate contracts held	March 2016
Number of carbon credits \| Unit	669,000	1,284,000
Assets or liabilities measured at fair value on a recurring basis transferred between Level 1 and Level 2 classifications		$ 31,000
Senior Secured Notes [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Excess of estimated fair value over carrying value	$ 30,000,000	$ 20,000,000
Senior Secured Notes [Member] \| Significant Other Observable Inputs (Level 2) [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notes lower range of ask or bid price \| $ / shares	$ 106.5	$ 104.5
Notes higher range of ask or bid price \| $ / shares	$ 107.5	$ 104.9

Derivatives, Hedges, Financial Instruments and Carbon Credits - Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - Recurring [Member] - USD ($) $ in Thousands	Jun. 30, 2014	Dec. 31, 2013
Assets-Supplies, prepaid items and other:
Total	$ 1,797	$ 1,315
Liabilities-Current and noncurrent accrued and other liabilities:
Total	2,649	2,524
Commodities contracts [Member]
Assets-Supplies, prepaid items and other:
Derivative Assets	124	31
Carbon credits [Member]
Assets-Supplies, prepaid items and other:
Carbon credits	1,673	1,284
Liabilities-Current and noncurrent accrued and other liabilities:
Contractual obligations-carbon credits	1,673	1,284
Interest rate contracts [Member]
Liabilities-Current and noncurrent accrued and other liabilities:
Derivative Financial Instruments, Liabilities	976	$ 1,240
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
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] \| Commodities contracts [Member]
Assets-Supplies, prepaid items and other:
Derivative Assets
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
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
Significant Other Observable Inputs (Level 2) [Member]
Assets-Supplies, prepaid items and other:
Total	124
Liabilities-Current and noncurrent accrued and other liabilities:
Total	976
Significant Other Observable Inputs (Level 2) [Member] \| Commodities contracts [Member]
Assets-Supplies, prepaid items and other:
Derivative Assets	124
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
Significant Other Observable Inputs (Level 2) [Member] \| Interest rate contracts [Member]
Liabilities-Current and noncurrent accrued and other liabilities:
Derivative Financial Instruments, Liabilities	976
Significant Unobservable Inputs (Level 3) [Member]
Assets-Supplies, prepaid items and other:
Total	1,673
Liabilities-Current and noncurrent accrued and other liabilities:
Total	1,673
Significant Unobservable Inputs (Level 3) [Member] \| Commodities contracts [Member]
Assets-Supplies, prepaid items and other:
Derivative Assets
Significant Unobservable Inputs (Level 3) [Member] \| Carbon credits [Member]
Assets-Supplies, prepaid items and other:
Carbon credits	1,673
Liabilities-Current and noncurrent accrued and other liabilities:
Contractual obligations-carbon credits	1,673
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 - Reconciliation of Beginning and Ending Balances for Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Assets
Beginning balance	$ 1,673	$ 312	$ 1,284	$ 91
Transfers into Level 3
Transfers out of Level 3
Total realized and unrealized gains (losses) included in earnings		313	1,925	546
Purchases
Issuances
Sales			(1,536)	(12)
Settlements
Ending balance	1,673	625	1,673	625
Total gains (losses) for the period included in earnings results attributed to the change in unrealized gains or losses on assets and liabilities still held at the reporting date		313	1,004	534
Liabilities
Beginning balance	(1,673)	(312)	(1,284)	(91)
Transfers into Level 3
Transfers out of Level 3
Total realized and unrealized gains (losses) included in earnings		(313)	(1,634)	(546)
Purchases
Issuances
Sales
Settlements			1,245	12
Ending balance	(1,673)	(625)	(1,673)	(625)
Total gains (losses) for the period included in earnings results attributed to the change in unrealized gains or losses on assets and liabilities still held at the reporting date		$ (313)	$ (1,004)	$ (534)

Derivatives, Hedges, Financial Instruments and Carbon Credits - Net Gains (Losses) Included in Earnings and the Income Statement Classifications (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Total net gains (losses) included in earnings:
Total net gains (losses) included in earnings	$ (142)	$ (25)	$ 2,345	$ (186)
Cost of sales [Member] \| Commodities contracts [Member] \| Not Designated as Hedging Instrument [Member]
Total net gains (losses) included in earnings:
Total net gains (losses) included in earnings	(105)	(113)	2,111	(275)
Other income [Member] \| Carbon credits [Member]
Total net gains (losses) included in earnings:
Total net gains (losses) included in earnings		313	1,925	546
Other expense [Member] \| Contractual obligations relating to carbon credits [Member]
Total net gains (losses) included in earnings:
Total net gains (losses) included in earnings		(313)	(1,634)	(546)
Interest expense [Member] \| Interest rate contracts [Member] \| Not Designated as Hedging Instrument [Member]
Total net gains (losses) included in earnings:
Total net gains (losses) included in earnings	$ (37)	$ 88	$ (57)	$ 89

Income Taxes - Provisions for Income Taxes (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Current:
Federal	$ (2,169)	$ 1,754	$ (1,189)	$ 784
State	567	412	1,242	297
Total Current	(1,602)	2,166	53	1,081
Deferred:
Federal	8,000	1,971	13,393	2,280
State	649	230	1,255	261
Total Deferred	8,649	2,201	14,648	2,541
Provisions for income taxes	$ 7,047	$ 4,367	$ 14,701	$ 3,622

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Income Tax Disclosure [Abstract]
Retroactive tax relief				$ 500
Provisions for income taxes	$ 7,047	$ 4,367	$ 14,701	$ 3,622
Percentage of pre-tax income			39.00%	37.00%

Property and Business Interruption Insurance Claims and Recoveries - Additional Information (Detail) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended		6 Months Ended
	Jan. 31, 2014	Jun. 30, 2013	Mar. 31, 2013	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013
Property And Or Business Interruption Insurance Claims [Line Items]
Property insurance recoveries in excess of losses incurred				$ 5,147
Cherokee Facility [Member]
Property And Or Business Interruption Insurance Claims [Line Items]
Approved insurance payments	$ 43,500
Approved insurance payments received	28,500
Cherokee Facility [Member] \| Cost of sales [Member]
Property And Or Business Interruption Insurance Claims [Line Items]
Insurance claim recoverable costs		$ 2,900	$ 10,100
Cherokee Facility [Member] \| Property Insurance [Member]
Property And Or Business Interruption Insurance Claims [Line Items]
Deductible property damage under insurance				2,500
Insurance claim recoverable costs				1,900
Approved insurance payments	7,000
Property insurance recoveries in excess of losses incurred				$ 5,100
Cherokee Facility [Member] \| Business Interruption Insurance [Member]
Property And Or Business Interruption Insurance Claims [Line Items]
Waiting period for business interruption coverage				30 days
Insurance recoveries in excess of recoverable costs not recognized					$ 2,000
Approved insurance payments received prior to conclusion			$ 15,000
Deferred gain on insurance recovery						$ 1,400
Cherokee Facility [Member] \| Business Interruption Insurance [Member] \| Cost of sales [Member]
Property And Or Business Interruption Insurance Claims [Line Items]
Insurance claim recoverable costs					$ 13,000
Approved insurance payments	$ 21,500

Other Expense, Income and Non-Operating Other Expense (Income), Net - Schedule of Other Income and Non-Operating Other Expense (Income), Net (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Other expense:
Realized and unrealized losses on contractual obligations associated with carbon credits		$ 313	$ 1,634	$ 546
Losses on sales and disposals of property and equipment	$ 164	(50)	1,008
Dismantle and demolition expense	559	912	559	2,100
Miscellaneous penalties	3	484	3	796
Impairment on long-lived assets				210
Miscellaneous expense	18	67	123	104
Total other expense	744	1,726	3,327	3,756
Other income:
Realized and unrealized gains on carbon credits		313	1,925	546
Settlements of litigation and potential litigation				545
Miscellaneous income	140	270	289	454
Total other income	140	583	2,214	1,545
Other expense, net	604	1,143	1,113	2,211
Non-operating other expense (income), net:
Interest income	(79)	(4)	(174)	(12)
Miscellaneous income
Miscellaneous expense	3	12	21	36
Total non-operating other expense (income), net	$ (76)	$ 8	$ (153)	$ 24

Segment Information - Segment Financial Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Segment Reporting Information [Line Items]
Net sales	$ 201,662	$ 202,223	$ 380,187	$ 352,902
Gross profit	48,869	38,659	97,591	64,081
Operating income	23,764	12,225	49,625	11,988
Interest expense, net	5,671	536	12,379	1,267
Non-operating other expense (income), net	(76)	8	(153)	24
Provisions for income taxes	7,047	4,367	14,701	3,622
Equity in earnings of affiliate-Climate Control	(12)	(172)	(79)	(343)
Income from continuing operations	11,134	7,486	22,777	7,418
Corporate [Member]
Segment Reporting Information [Line Items]
Operating income	(4,951)	(4,049)	(12,622)	(7,185)
Chemical [Member]
Segment Reporting Information [Line Items]
Net sales	135,756	121,328	250,977	198,818
Gross profit	29,256	12,095	57,682	14,506
Non-operating other expense (income), net	(63)		(140)
Chemical [Member] \| Operating Segments [Member]
Segment Reporting Information [Line Items]
Operating income	23,589	6,385	52,402	2,579
Climate Control [Member]
Segment Reporting Information [Line Items]
Net sales	62,751	77,357	123,100	147,627
Gross profit	18,502	25,403	37,766	47,385
Climate Control [Member] \| Operating Segments [Member]
Segment Reporting Information [Line Items]
Operating income	4,612	9,456	8,944	15,840
Other [Member]
Segment Reporting Information [Line Items]
Net sales	3,155	3,538	6,110	6,457
Gross profit	1,111	1,161	2,143	2,190
Other [Member] \| Operating Segments [Member]
Segment Reporting Information [Line Items]
Operating income	514	433	901	754
Corporate and Other [Member]
Segment Reporting Information [Line Items]
Non-operating other expense (income), net	$ (13)	$ 8	$ (13)	$ 24

Segment Information - General Corporate Expenses and Other Business Operations, Net (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Selling, general and administrative:
Total selling, general and administrative	$ (24,498)	$ (25,125)	$ (52,156)	$ (49,616)
Other expense	(744)	(1,726)	(3,327)	(3,756)
Operating income	23,764	12,225	49,625	11,988
Corporate [Member]
Selling, general and administrative:
Fees and expenses relating to certain activist shareholders' proposals			(4,163)
Personnel costs	(2,812)	(2,608)	(4,344)	(4,295)
Professional fees	(960)	(786)	(2,148)	(2,209)
All other	(1,206)	(614)	(2,017)	(1,230)
Total selling, general and administrative	(4,978)	(4,008)	(12,672)	(7,734)
Other income	27	(6)	50	584
Other expense		(35)		(35)
Operating income	$ (4,951)	$ (4,049)	$ (12,622)	$ (7,185)

Segment Information - Segment Financial Information (Parenthetical) (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Segment Reporting [Abstract]
Interest cost capitalized	$ 3.0	$ 0.6	$ 5.3	$ 1.0

Segment Information - Total Assets by Business Segment (Detail) - USD ($) $ in Thousands	Jun. 30, 2014	Dec. 31, 2013
Segment Reporting Information [Line Items]
Total assets	$ 1,108,922	$ 1,083,097
Chemical [Member]
Segment Reporting Information [Line Items]
Total assets	901,379	842,725
Climate Control [Member]
Segment Reporting Information [Line Items]
Total assets	149,506	159,960
Other [Member]
Segment Reporting Information [Line Items]
Total assets	6,058	6,832
Corporate [Member]
Segment Reporting Information [Line Items]
Total assets	$ 51,979	$ 73,580

Related Party Transactions - Additional Information (Detail) - USD ($) $ in Thousands	1 Months Ended		6 Months Ended
	Feb. 28, 2014	Mar. 31, 2013	Jun. 30, 2014	Jun. 30, 2013
Related Party Transaction [Line Items]
Dividends on preferred stock paid or declared			$ 300	$ 300
Golsen Group [Member]
Related Party Transaction [Line Items]
Dividends on preferred stock paid or declared	$ 300	$ 300

Supplemental Cash Flow Information - Additional Information Relating to Cash Flow Activities (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Supplemental Cash Flow Elements [Abstract]
Cash payments (refunds) for income taxes, net	$ (5,564)	$ 11,865
Noncash investing and financing activities:
Accounts payable and long-term debt associated with additions of property, plant and equipment	$ 24,841	$ 11,486