v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 106,988 $ 110,615
Restricted cash and cash equivalents 3,130 3,123
Accounts and other receivables, net 19,574 13,801
Inventories, net 31,756 30,410
Prepaid expenses and other 2,177 1,954
Total current assets 163,625 159,903
Other assets:    
Note receivable from affiliate 6,800 8,000
Marketable securities 17,571 14,433
Investment in Kronos Worldwide, Inc. 230,017 230,088
Goodwill 27,156 27,156
Operating lease right-of-use asset 993  
Other assets, net 928 931
Total other assets 283,465 280,608
Property and equipment:    
Land 5,390 5,390
Buildings 23,634 23,634
Equipment 78,948 78,021
Construction in progress 818 477
Property and equipment, gross 108,790 107,522
Less accumulated depreciation 85,309 83,813
Net property and equipment 23,481 23,709
Total assets 470,571 464,220
Current liabilities:    
Accounts payable 3,949 2,697
Accrued and other current liabilities 11,263 15,021
Accrued environmental remediation and related costs 1,951 2,071
Payables to affiliates 969 791
Total current liabilities 18,132 20,580
Noncurrent liabilities:    
Long-term debt from affiliate 500 500
Accrued environmental remediation and related costs 10,778 10,969
Deferred income taxes 57,246 54,103
Operating lease liability 908  
Other 1,168 1,277
Total noncurrent liabilities 70,600 66,849
NLI stockholders' equity:    
Preferred stock
Common stock 6,112 6,107
Additional paid-in capital 299,939 299,349
Retained earnings 252,902 249,380
Accumulated other comprehensive loss (195,920) (196,067)
Total NLI stockholders' equity 363,033 358,769
Noncontrolling interest in subsidiary 18,806 18,022
Total equity 381,839 376,791
Total liabilities and equity 470,571 464,220
Commitments and contingencies (Notes 12 and 14)