XML 15 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Consolidated Statement of Operations and Comprehensive Loss - USD ($)
$ in Thousands
1 Months Ended 2 Months Ended 3 Months Ended 8 Months Ended 9 Months Ended
Sep. 30, 2017
Aug. 31, 2017
Sep. 30, 2018
Aug. 31, 2017
Sep. 30, 2018
Net sales $ 41,725 [1]   $ 148,109   $ 444,396
Costs and expenses:          
Cost of materials (exclusive of depreciation and amortization) 31,482 [1]   110,896   331,861
Warehouse, processing and delivery expense 5,972 [1]   21,092   62,612
Sales, general and administrative expense 5,141 [1]   16,871   50,393
Restructuring expense 0 [1]   0   0
Depreciation and amortization expense 502 [1]   2,227   6,965
Total costs and expenses 43,097 [1]   151,086   451,831
Operating loss (1,372) [1]   (2,977)   (7,435)
Interest expense, net 1,805 [1]   8,746   24,001
Financial restructuring expense 0 [1]   0   0
Unrealized loss on embedded debt conversion option 0       0
Other (income) expense, net (2,770) [1]   (3,000)   (7,101)
Reorganization items, net 128 [1]   0   0
(Loss) income before income taxes (535) [1]   (8,723)   (24,335)
Income tax (benefit) expense 286 [1]   (2,068)   (4,026)
Net (loss) income $ (821) [1]   $ (6,655)   $ (20,309)
Basic and diluted (loss) earnings per common share $ (0.41) [1]   $ (3.33)   $ (10.15)
Comprehensive (loss) income:          
Change in unrecognized pension and postretirement benefit costs, net of tax $ 0 [1]   $ 0   $ 0
Foreign currency translation adjustments, net of tax (2,362) [1]   (1,014)   (3,013)
Comprehensive (loss) income $ (3,183) [1]   $ (7,669)   $ (23,322)
Predecessor          
Net sales   $ 81,518   $ 353,926 [1]  
Costs and expenses:          
Cost of materials (exclusive of depreciation and amortization)   63,406   266,495 [1]  
Warehouse, processing and delivery expense   12,277   50,314 [1]  
Sales, general and administrative expense   10,455   40,766 [1]  
Restructuring expense   398   566 [1]  
Depreciation and amortization expense   2,391   10,150 [1]  
Total costs and expenses   88,927   368,291 [1]  
Operating loss   (7,409)   (14,365) [1]  
Interest expense, net   3,409   26,629 [1]  
Financial restructuring expense   424   7,024 [1]  
Unrealized loss on embedded debt conversion option [1]       (146)  
Other (income) expense, net   (2,037)   (8,436) [1]  
Reorganization items, net   (80,033)   (74,531)  
(Loss) income before income taxes   70,828 [1]   34,803  
Income tax (benefit) expense   (1,395) [1]   (1,387)  
Net (loss) income   $ 72,223   $ 36,190 [1]  
Basic and diluted (loss) earnings per common share   $ 2.27   $ 1.12 [1]  
Comprehensive (loss) income:          
Change in unrecognized pension and postretirement benefit costs, net of tax   $ 9,369   $ 9,797 [1]  
Foreign currency translation adjustments, net of tax   17,827   16,142 [1]  
Comprehensive (loss) income   $ 99,419   $ 62,129  
[1] * Adjusted due to the adoption of ASU No. 2017-07, "Compensation – Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost." See Note 3 - New Accounting Standards, for additional information.