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Acquisition of Sebree aluminum smelter (Tables) | 6 Months Ended
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Jun. 30, 2013
Business Combinations [Abstract] |
Schedule of Purchase Price Allocation |
Consideration: |
Cash (1) | $ | 47,373 |
Assets Acquired: |
Inventories | 58,496 |
Prepaid and other current assets | 363 |
Property, plant and equipment - net | 55,520 |
Total assets acquired | $ | 114,379 |
Liabilities Assumed: |
Accrued and other current liabilities | $ | 44,121 |
Accrued pension benefit costs | 5,039 |
Accrued post retirement benefit costs | 6,544 |
Other liabilities | 8,003 |
Deferred taxes | 1,257 |
Total liabilities assumed | $ | 64,964 |
Gain on bargain purchase: | $ | 2,042 |
Sebree Revenue and Net loss since Acquisition Date |
| From Acquisition date through
| June 30, 2013
Sebree revenue | $ | 38,753 |
Sebree net loss | (3,456 | )
Business Acquisition, Pro Forma Information |
| Three months ended June 30, | Six months ended June 30,
| 2013 | 2012 | 2013 | 2012
Pro forma revenues | $ | 413,907 |  | $ | 444,267 |  | $ | 861,605 |  | $ | 890,860 |
Pro forma earnings from continuing operations | (38,231 | ) | (5,056 | ) | (39,183 | ) | (4,330 | )
Loss per common share, basic | (0.43 | ) | (0.06 | ) | (0.44 | ) | (0.05 | )
Loss per common share, diluted | (0.43 | ) | (0.06 | ) | (0.44 | ) | (0.05 | )

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