XML 13 R39.htm IDEA: XBRL DOCUMENT v2.4.0.8
Acquisition of Sebree aluminum smelter (Details) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended 16 Months Ended
Sep. 30, 2014
Jun. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Jun. 01, 2013
t
Business Acquisition [Line Items]              
Purchase price cash paid       $ 1,042 $ 48,058    
Gain on bargain purchase 0   0 0 5,253    
Sebree power contract amortization       (5,534) (14,461)    
Sebree Smelter [Member]
             
Business Acquisition [Line Items]              
Sebree primary aluminum capacity (tonnes)             205,000
Purchase price for acquisition             61,000
Purchase price cash paid           49,035  
Separately recognized transactions, gains recognized   965          
Gain on bargain purchase           5,253  
Cash           48,083  
Deferred purchase price           1,910  
Inventories 59,018     59,018   59,018  
Prepaid and other current assets 2,273     2,273   2,273  
Property, plant and equipment – net 55,520     55,520   55,520  
Total assets acquired 116,811     116,811   116,811  
Accrued and other current liabilities 43,316     43,316   43,316  
Accrued pension benefit costs 996     996   996  
Accrued post retirement benefit costs 6,544     6,544   6,544  
Other liabilities 7,476     7,476   7,476  
Deferred taxes 3,233     3,233   3,233  
Total liabilities assumed 61,565     61,565   61,565  
Sebree power contract amortization 0   11,720 5,534 14,461    
Pro forma revenues         1,261,533    
Pro forma loss from continuing operations         $ (57,853)    
Loss per common share, basic         $ (0.65)    
Loss per common share, diluted         $ (0.65)