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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Net sales $ 776,647 $ 825,847 $ 1,501,978 $ 1,587,837
Cost of sales 638,240 716,307 1,260,851 1,401,559
Selling, general and administrative 41,481 54,955 90,882 109,346
Transaction costs 11,661 2,753 59,640 8,672
Depreciation 12,951 13,089 28,886 26,588
Amortization 2,342 2,342 4,684 4,683
Equity in losses (earnings) of investees (176) (332) (183) (332)
Operating income (loss) 70,148 36,733 57,218 37,321
Interest income 638 641 1,302 1,305
Interest expense (9,381) (15,299) (18,566) (30,767)
Loss on debt extinguishment 0 0 (36,212) (521)
Other income (expense), net (953) (242) (1,555) (4,136)
Income (loss) before income taxes 60,452 21,833 2,187 3,202
Income tax benefit (expense) (864) (3,997) (7,225) (9,969)
Net income (loss) $ 59,588 $ 17,836 $ (5,038) $ (6,767)