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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
10 Months Ended 12 Months Ended 2 Months Ended 12 Months Ended
Dec. 31, 2010
Successor [Member]
Dec. 31, 2011
Successor [Member]
Feb. 26, 2010
Predecessor [Member]
Dec. 31, 2009
Predecessor [Member]
NET SALES $ 582,307 $ 936,095 $ 91,647 $ 514,749
COST OF GOODS SOLD 541,859 855,284 89,397 521,833
GROSS PROFIT (LOSS) 40,448 80,811 2,250 (7,084)
OPERATING EXPENSES:        
Selling, general and administrative 54,147 56,899 6,479 36,363
Prepetition professional fees 0 0 0 17,015
Impairment of goodwill and other intangibles 0 0 0 2,830
INCOME (LOSS) FROM OPERATIONS (13,699) 23,912 (4,229) (63,292)
OTHER INCOME (EXPENSE):        
Interest income 143 46 54 720
Interest expense (33,593) (34,143) (7,550) (60,473)
Loss on extinguishment of debt 0 0 0 (5,389)
Gain on mark to market valuation of convertible debt 75,574 0 0 0
Inducement expense (166,691) 0 0 0
Other income, net 2,575 3,596 566 6,888
LOSS BEFORE REORGANIZATION ITEMS AND INCOME TAXES FROM CONTINUING OPERATIONS (135,691) (6,589) (11,159) (121,546)
Reorganization expense (income) 0 0 (59,311) 14,379
INCOME (LOSS) BEFORE INCOME TAXES FROM CONTINUING OPERATIONS (135,691) (6,589) 48,152 (135,925)
INCOME TAX PROVISION (BENEFIT) (2,207) 7,761 (1,931) 2,376
INCOME (LOSS) FROM CONTINUING OPERATIONS (133,484) (14,350) 50,083 (138,301)
DISCONTINUED OPERATIONS, NET OF TAX 6,952 (2,681) 719 (1,811)
NET INCOME (LOSS) $ (126,532) $ (17,031) $ 50,802 $ (140,112)
Weighted average common shares outstanding-basic (in shares) 15,670 47,277 47,572 39,028
Basic income (loss) per share - continuing operations (in dollars per share) $ (8.52) $ (0.30) $ 1.05 $ (3.54)
Basic income (loss) per share - discontinued operations (in dollars per share) $ 0.45 $ (0.06) $ 0.02 $ (0.05)
Basic income (loss) per share (in dollars per share) $ (8.07) $ (0.36) $ 1.07 $ (3.59)
Weighted average common shares outstanding-diluted (in shares) 15,670 47,277 47,572 39,028
Diluted income (loss) per share - continuing operations (in dollars per share) $ (8.52) $ (0.30) $ 1.05 $ (3.54)
Diluted income (loss) per share - discontinued operations (in dollars per share) $ 0.45 $ (0.06) $ 0.02 $ (0.05)
Diluted income (loss) per share (in dollars per share) $ (8.07) $ (0.36) $ 1.07 $ (3.59)