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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
 3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
NET SALES:    
Third-party customers $ 188,839 $ 188,312
Related parties 137,351 138,025
Sales Revenue – net 326,190 326,337
Cost of goods sold 305,598 284,021
Gross profit 20,592 42,316
Other operating expense (income) – net 3,721 (5,884)
Selling, general and administrative expenses 8,459 10,609
Operating income 8,412 37,591
Interest expense – third party (5,978) (6,777)
Interest income – third party 138 155
Interest income – related parties 60 113
Net loss on forward contracts (5,159) (4,809)
Other income - net 306 677
Income (loss) before income taxes and equity in earnings of joint ventures (2,221) 26,950
Income tax expense (2,821) (3,123)
Income (loss) before equity in earnings of joint ventures (5,042) 23,827
Equity in earnings of joint ventures 641 1,219
Net income (loss) (4,401) 25,046
Net income (loss) allocated to common shareholders $ (4,401) $ 23,005
EARNINGS (LOSS) PER COMMON SHARE:    
Basic and Diluted (in dollars per share) $ (0.05) $ 0.25
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:    
Basic (in thousands of shares) 88,727 92,965
Diluted (in thousands of shares) 88,727 93,297