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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $)
In Thousands, except Per Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
NET SALES:    
Third-party customers$ 202,598$ 174,339$ 598,001$ 550,316
Related parties143,048104,839440,259302,104
Sales Revenue - net345,646279,1781,038,260852,420
Cost of goods sold334,322263,409935,106781,159
Gross profit11,32415,769103,15471,261
Other operating expenses (income) - net2,6593,096(8,430)12,205
Selling, general and administrative expenses7,95012,48637,11635,701
Operating income71518774,46823,355
Interest expense - third party(5,951)(6,477)(19,114)(19,231)
Interest income - third party37190257392
Interest income - related parties59113242333
Net gain (loss) on forward contracts4,163(12,136)(2,263)(4,814)
Other income (expense) - net(1,143)(417)(1,598)221
Income (loss) before income taxes and equity in earnings of joint ventures(2,120)(18,540)51,992256
Income tax benefit (expense)(5,387)570(12,146)(8,330)
Income (loss) before equity in earnings of joint ventures(7,507)(17,970)39,846(8,074)
Equity in earnings of joint ventures9071,1832,5862,765
Net income (loss)(6,600)(16,787)42,432(5,309)
Net income (loss) allocated to common shareholders$ (6,600)$ (16,787)$ 39,003$ (5,309)
INCOME (LOSS) PER COMMON SHARE:    
Basic$ (0.07)$ (0.18)$ 0.42$ (0.06)
Diluted$ (0.07)$ (0.18)$ 0.42$ (0.06)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:    
Basic92,03292,73892,69792,654
Diluted92,03292,73893,09792,654