3. ACQUISITION OF AVENTINE (Tables)

9 Months Ended

Sep. 30, 2015

Business Combinations [Abstract]

Acquisition purchase price consideration

Cash and cash equivalents	$	18,756
Accounts receivable		10,430
Inventory		29,483
Other current assets		10,480
Total current assets		69,149
Property and equipment		312,781
Net deferred tax assets		10,021
Other assets		750
Total assets acquired	$	392,701
Accounts payable and accrued liabilities	$	27,233
Long-term debt - revolvers		13,721
Long-term debt - term debt		142,744
Pension plan liabilities		8,518
Other non-current liabilities		25,913
Total liabilities assumed	$	218,129
Net assets acquired	$	174,572
Estimated goodwill	$	–
Total purchase price	$	174,572

Unaudited pro forma information on acquisition

	Three Months Ended September 30,						Nine Months Ended September 30,
	2015			2014			2015			2014
Net sales – pro forma	$	380,622		$	429,373		$	1,107,919		$	1,267,853
Cost of goods sold – pro forma	$	379,302		$	400,260		$	1,102,278		$	1,137,410
Selling, general and administrative expenses – pro forma	$	7,346		$	8,892		$	29,144		$	24,568
Net income (loss) – pro forma	$	(6,182	)	$	(117	)	$	(34,226	)	$	4,400
Diluted net income (loss) per share – pro forma	$	(0.15	)	$	(0.00	)	$	(0.71	)	$	0.11
Diluted weighted-average shares – pro forma		41,861			42,062			47,945			39,828