XML 15 R2.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Statements of Net Income and Comprehensive Income (Loss) (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Income Statement [Abstract]        
Net sales $ 214,272 $ 164,856 $ 426,498 $ 328,601
Cost of products sold (exclusive of depreciation and amortization shown separately below) 156,794 128,708 316,548 258,025
Selling, general and administrative 21,592 13,962 42,304 25,961
Depreciation and amortization 15,136 8,597 32,484 17,091
Restructuring and impairment charges 4,047   6,585  
Income from operations 16,703 13,589 28,577 27,524
Interest expense 16,165 6,021 32,587 11,959
Other (income) expense, net (824) 19 (1,953) 1,419
Income (loss) before provision (benefit) for income taxes and share of net income from joint venture 1,362 7,549 (2,057) 14,146
Provision (benefit) expense for income taxes 674 1,617 (46) 3,073
Share of net income from joint venture 1,343 1,021 2,743 1,882
Net income 2,031 6,953 732 12,955
Other comprehensive income (loss):        
Change in fair value of interest rate hedge (79) (61) (1,081) (1,625)
Foreign currency translation gain (loss) (2,925) 4,065 3,794 (12,231)
Other comprehensive income (loss) (3,004) 4,004 2,713 (13,856)
Comprehensive income (loss) $ (973) $ 10,957 $ 3,445 $ (901)
Basic income per share:        
Net income $ 0.08 $ 0.36 $ 0.03 $ 0.68
Weighted average shares outstanding 27,024 19,215 26,923 19,064
Diluted income per share:        
Net income $ 0.07 $ 0.36 $ 0.03 $ 0.67
Weighted average shares outstanding 27,187 19,582 27,050 19,416
Cash dividends per common share $ 0.07 $ 0.07 $ 0.14 $ 0.14