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Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Statement of Comprehensive Income [Abstract]        
Net sales $ 158,992 $ 303,840 $ 483,355 $ 1,033,731
Cost of goods sold 157,603 170,171 427,464 562,881
Gross profit 1,389 133,669 55,891 470,850
Research and development 1,295 1,014 3,683 2,617
Selling and administrative expenses 18,231 18,578 58,933 57,862
Operating (loss) income (18,137) 114,077 (6,725) 410,371
Other expense (income), net 153 (598) 1,261 (1,358)
Interest expense 15,719 6,424 42,432 25,035
Interest income (1,144) (241) (1,758) (2,197)
(Loss) income before (benefit) provision for income taxes (32,865) 108,492 (48,660) 388,891
(Benefit) provision for income taxes (10,244) 15,041 (10,819) 56,260
Net (loss) income $ (22,621) $ 93,451 $ (37,841) $ 332,631
Basic (loss) income per common share:        
Net (loss) income per share (usd per share) $ (0.09) $ 0.36 $ (0.15) $ 1.28
Weighted average common shares outstanding (shares) 257,090,113 256,848,575 256,987,778 259,415,295
Diluted (loss) income per common share:        
Net (loss) income per share (usd per share) $ (0.09) $ 0.36 $ (0.15) $ 1.28
Weighted average common shares outstanding (shares) 257,090,113 256,853,454 256,987,778 259,424,885
Other comprehensive (loss) income:        
Foreign currency translation adjustments, net of tax of $0, $0, $0 and $2, respectively $ (8,035) $ (13,311) $ (463) $ (24,911)
Commodities, interest rate and foreign currency derivatives, net of tax (expense) benefit of $1,218, $369, $3,123 and $(2,659), respectively (2,906) (2,426) (9,079) 5,980
Other comprehensive loss, net of tax (10,941) (15,737) (9,542) (18,931)
Comprehensive (loss) income $ (33,562) $ 77,714 $ (47,383) $ 313,700