Quarterly Data (unaudited)

12 Months Ended

Dec. 31, 2011

Quarterly Data (unaudited) [Abstract]

Quarterly Data (unaudited)

Note 14 – Quarterly Data (unaudited)

The following table sets forth certain quarterly income statement information for the year ended December 31, 2011 and for the period February 26, 2010 to December 31, 2010, the period January 1, 2010 to February 26, 2010:

Successor:	2011
		Q1			Q2			Q3			Q4		Total
	(Dollars in thousands, except per share data)
Net sales	$	210,895		$	241,872		$	240,829		$	242,499		$	936,095
Cost of goods sold		193,605			219,428			221,591			220,660			855,284
Gross profit		17,290			22,444			19,238			21,839			80,811
Operating expenses		15,849			13,984			14,747			12,319			56,899
Income from operations		1,441			8,460			4,491			9,520			23,912
Interest expense, net		(8,340	)		(8,400	)		(8,824	)		(8,533	)		(34,097	)
Other income, net		2,163			233			809			391			3,596
Income tax provision (benefit)		499			(107	)		10,032			(2,663	)		7,761
Income (loss) from continuing operations		(5,235	)		400			(13,556	)		4,041			(14,350	)
Discontinued operations, net of tax		74			877			(3,664	)		32			(2,681	)
Net income (loss)		(5,161	)		1,277			(17,220	)		4,073			(17,031	)
Basic income (loss) per share
Continuing operations	$	(0.11	)	$	0.01		$	(0.28	)	$	0.09		$	(0.30	)
Discontinued operations		0.00			0.02			(0.08	)		0.00			(0.06	)
Total	$	(0.11	)	$	0.03		$	(0.36	)	$	0.09		$	(0.36	)
Diluted income (loss) per share
Continuing operations	$	(0.11	)	$	0.01		$	(0.28	)	$	0.09		$	(0.30	)
Discontinued operations		0.00			0.02			(0.08	)		0.00			(0.06	)
Total	$	(0.11	)	$	0.03		$	(0.36	)	$	0.09		$	(0.36	)

Successor:	2010
	Period from February 26 to March 31				Q2			Q3			Q4		Total
	(Dollars in thousands, except per share data)
Net sales	$	56,874		$	171,618		$	178,095		$	175,720		$	582,307
Cost of goods sold		52,714			161,277			163,657			164,211			541,859
Gross profit		4,160			10,341			14,438			11,509			40,448
Operating expenses		3,640			18,274			12,958			19,275			54,147
Income (loss) from operations		520			(7,933	)		1,480			(7,766	)		(13,699	)
Interest expense, net		(3,493	)		(10,237	)		(10,722	)		(8,998	)		(33,450	)
Gain (loss) on mark to market valuation of convertible debt		(50,601	)		19,397			36,827			69,951			75,574
Inducement expense		-			-			-			(166,691	)		(166,691	)
Other income (loss), net		(326	)		2,267			2,647			(2,013	)		2,575
Income tax provision (benefit)		(429	)		(751	)		2,569			(3,596	)		(2,207	)
Income (loss) from continuing operations		(53,471	)		4,245			27,663			(111,921	)		(133,484	)
Discontinued operations, net of tax		443			2,265			3,188			1,056			6,952
Net income (loss)		(53,028	)		6,510			30,851			(110,865	)		(126,532	)
Basic income (loss) per share
Continuing operations	$	(4.23	)	$	0.14		$	0.88		$	(4.51	)	$	(8.52	)
Discontinued operations		0.03			0.07			0.10			0.04			0.45
Total	$	(4.20	)	$	0.21		$	0.98		$	(4.47	)	$	(8.07	)
Diluted loss per share
Continuing operations	$	(4.23	)	$	(0.39	)	$	(0.18	)	$	(4.51	)	$	(8.52	)
Discontinued operations		0.03			0.07			0.10			0.04			0.45
Total	$	(4.20	)	$	(0.32	)	$	(0.08	)	$	(4.47	)	$	(8.07	)

Predecessor:
(Dollars in thousands, except per share data)	Period from January 1 to February 26, 2010
Net sales	$	91,647
Cost of goods sold	89,397
Gross profit	2,250
Operating expenses	6,479
Loss from operations	(4,229		)
Interest expense, net	(7,496		)
Other income, net	566
Reorganization income	59,311
Income tax benefit	(1,931		)
Income from continuing operations	50,083
Discontinued operations, net of tax	719
Net income	50,802
Basic income per share
Continuing operations	$	1.05
Discontinued operations	0.02
Total	$	1.07
Diluted income per share
Continuing operations	$	1.05
Discontinued operations	0.02
Total	$	1.07