XML 14 R2.htm IDEA: XBRL DOCUMENT v3.6.0.2
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
NET SALES:      
Related parties $ 1,178,631 $ 1,867,711 $ 1,262,101
Third-party customers 140,463 82,146 668,941
Sales Revenue – net 1,319,094 1,949,857 1,931,042
Cost of goods sold 1,330,136 1,908,544 1,729,243
Gross profit (loss) (11,042) 41,313 201,799
Selling, general and administrative expenses 40,264 42,115 49,195
Helguvik impairment 152,220 0 0
Ravenswood charges 26,830 30,850 0
Other operating expense - net 3,857 7,436 12,481
Operating income (loss) (234,213) (39,088) 140,123
Interest expense (22,216) (21,954) (22,015)
Interest income 758 339 301
Net gain on forward and derivative contracts 3,487 1,600 179
Unrealized gain on fair value of contingent consideration 0 18,337 7,943
Gain on remeasurement of equity investment 0 0 15,955
Other income (expense) - net 1,319 (356) 991
Income (loss) before income taxes and equity in earnings of joint ventures (250,865) (41,122) 143,477
Income tax expense (2,824) (9,276) (18,308)
Income (loss) before equity in earnings of joint ventures (253,689) (50,398) 125,169
BHH impairment 0 (11,584) 0
Equity in earnings of joint ventures 1,274 2,672 1,305
Net income (loss) $ (252,415) $ (59,310) $ 126,474
INCOME (LOSS) PER COMMON SHARE:      
Basic (in dollars per share) $ (2.90) $ (0.68) $ 1.31
Diluted (in dollars per share) $ (2.90) $ (0.68) $ 1.30