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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
NET SALES:        
Third-party customers $ 271,016 $ 170,023 $ 680,480 $ 542,884
Related parties 128,912 134,612 372,659 411,560
Sales Revenue – net 399,928 304,635 1,053,139 954,444
Cost of goods sold 387,574 301,385 1,028,901 924,645
Gross profit 12,354 3,250 24,238 29,799
Other operating expenses – net 2,174 7,388 6,288 14,926
Selling, general and administrative expenses 14,422 9,182 45,875 24,792
Operating loss (4,242) (13,320) (27,925) (9,919)
Interest expense – third party (5,406) (6,041) (17,706) (17,966)
Interest income – third party 0 0 0 62
Interest income – related parties 141 72 458 324
Net gain (loss) on forward and derivative contracts 440 (340) 16,151 (4,049)
Gain on bargain purchase 0 0 5,253 0
Loss on early extinguishment of debt 0 0 (3,272) 0
Other income (expense) – net 213 7,648 (1,001) 8,115
Loss before income taxes and equity in earnings of joint ventures (8,854) (11,981) (28,042) (23,433)
Income tax expense (1,384) (1,168) (4,714) (7,384)
Loss before equity in earnings of joint ventures (10,238) (13,149) (32,756) (30,817)
Equity in earnings of joint ventures 731 1,126 2,118 2,116
Net loss (9,507) (12,023) (30,638) (28,701)
Net loss allocated to common shareholders (9,507) (12,023) (30,638) (28,701)
LOSS PER COMMON SHARE:        
Basic and Diluted $ (0.11) $ (0.14) $ (0.35) $ (0.32)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:        
Basic 88,611 88,468 88,588 88,549
Diluted 88,611 88,468 88,588 88,549
Weighted Average Number of Shares Outstanding, Diluted 88,611 88,468 88,588 88,549
Net unrealized gain (loss) on financial instruments 0 2 0 (218)
Net loss reclassified to income on financial instruments 0 (68) 0 (549)
Net gain on foreign currency cash flow hedges reclassified as income (46) (47) (139) (140)
Net gain arising during the period 0 0 10,349 49
Amortization of prior service benefit during the period 968 1,029 2,912 3,085
Amortization of net loss during the period (1,880) (2,562) (6,362) (7,687)
Other comprehensive income before income tax effect 866 1,556 13,660 4,842
Income tax effect 383 382 1,148 1,147
Other comprehensive income 483 1,174 12,512 3,695
Total comprehensive income (loss) $ (9,024) $ (10,849) $ (18,126) $ (25,006)