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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
NET SALES:    
Third-party customers $ 188,514 $ 188,839
Related parties 132,760 137,351
Sales Revenue – net 321,274 326,190
Cost of goods sold 303,692 305,598
Gross profit 17,582 20,592
Other operating expenses – net 1,096 3,721
Selling, general and administrative expenses 16,299 8,459
Operating income 187 8,412
Interest expense – third party (6,076) (5,978)
Interest income – third party 131 138
Interest income – related parties 0 60
Net gain (loss) on forward and derivative contracts 15,507 (5,159)
Other income - net 70 306
Income (loss) before income taxes and equity in earnings of joint ventures 9,819 (2,221)
Income tax expense (2,517) (2,821)
Income (loss) before equity in earnings of joint ventures 7,302 (5,042)
Equity in earnings of joint ventures 951 641
Net income (loss) 8,253 (4,401)
Net income (loss) allocated to common shareholders $ 7,567 $ (4,401)
EARNINGS (LOSS) PER COMMON SHARE:    
Basic and Diluted $ 0.09 $ (0.05)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:    
Basic 88,555 88,727
Diluted 89,020 88,727