Condensed consolidating financial information (Tables)

3 Months Ended

6 Months Ended

Jun. 30, 2013

Jun. 30, 2012

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Schedule of Condensed Balance Sheet [Table Text Block]



CONDENSED CONSOLIDATING BALANCE SHEET
As of June 30, 2013
	Combined Guarantor Subsidiaries			Combined Non-Guarantor Subsidiaries			The Company			Reclassifications and Eliminations			Consolidated
Assets:
Cash and cash equivalents	$	—		$	82,104		$	45,427		$	—		$	127,531
Restricted cash	—			978			—			—			978
Accounts receivable — net	75,509			8,558			—			—			84,067
Due from affiliates	601,495			38,482			2,387,611			(3,002,624		)	24,964
Inventories	157,976			66,731			—			—			224,707
Prepaid and other current assets	4,994			31,369			5,083			—			41,446
Deferred taxes - current portion	—			19,726			—			(113		)	19,613
Total current assets	839,974			247,948			2,438,121			(3,002,737		)	523,306
Investment in subsidiaries	38,810			—			(1,000,911		)	962,101			—
Property, plant and equipment, net	357,738			871,435			1,258			(400		)	1,230,031
Due from affiliates – less current portion	—			29,926			—			(29,926		)	—
Other assets	17,606			52,291			32,793			(4,852		)	97,838
Total	$	1,254,128		$	1,201,600		$	1,471,261		$	(2,075,814	)	$	1,851,175
Liabilities:
Accounts payable, trade	$	67,123		$	35,551		$	1,193		$	—		$	103,867
Due to affiliates	2,158,509			129,236			196,918			(2,417,318		)	67,345
Accrued and other current liabilities	51,544			24,620			12,681			(7,673		)	81,172
Accrued employee benefits costs — current portion	15,035			—			2,985			—			18,020
Industrial revenue bonds	7,815			—			—			—			7,815
Total current liabilities	2,300,026			189,407			213,777			(2,424,991		)	278,219
Senior notes payable	—			—			248,961			—			248,961
Accrued pension benefit costs — less current portion	32,518			—			31,230			—			63,748
Accrued postretirement benefit costs — less current portion	136,554			—			6,424			—			142,978
Other liabilities/intercompany loan	58,329			590,678			1,974			(613,925		)	37,056
Deferred taxes	—			110,318			—			1,000			111,318
Total noncurrent liabilities	227,401			700,996			288,589			(612,925		)	604,061
Shareholders’ equity:
Convertible preferred stock	—			—			1			—			1
Common stock	60			12			934			(72		)	934
Additional paid-in capital	355,467			154,493			2,507,996			(509,960		)	2,507,996
Treasury stock, at cost	—			—			(49,924		)	—			(49,924		)
Accumulated other comprehensive income (loss)	(134,056		)	(1,602		)	(139,163		)	135,658			(139,163		)
Retained earnings (accumulated deficit)	(1,494,770		)	158,294			(1,350,949		)	1,336,476			(1,350,949		)
Total shareholders’ equity	(1,273,299		)	311,197			968,895			962,102			968,895
Total	$	1,254,128		$	1,201,600		$	1,471,261		$	(2,075,814	)	$	1,851,175



CONDENSED CONSOLIDATING BALANCE SHEET
As of December 31, 2012
	Combined Guarantor Subsidiaries			Combined Non-Guarantor Subsidiaries			The Company			Reclassifications and Eliminations			Consolidated
Assets:
Cash and cash equivalents	$	—		$	110,016		$	73,960		$	—		$	183,976
Restricted cash	258			—			—			—			258
Accounts receivable — net	38,328			12,339			—			—			50,667
Due from affiliates	604,008			38,328			2,391,249			(2,995,715		)	37,870
Inventories	97,847			62,078			—			—			159,925
Prepaid and other current assets	4,421			30,650			8,063			(8,159		)	34,975
Deferred taxes - current portion	—			17,799			—			1,927			19,726
Total current assets	744,862			271,210			2,473,272			(3,001,947		)	487,397
Investment in subsidiaries	40,335			—			(1,039,141		)	998,806			—
Property, plant and equipment — net	313,090			874,559			916			(351		)	1,188,214
Due from affiliates - less current portion	—			3,588			—			(3,588		)	—
Other assets	17,616			45,474			37,027			598			100,715
Total	$	1,115,903		$	1,194,831		$	1,472,074		$	(2,006,482	)	$	1,776,326
Liabilities:
Accounts payable, trade	$	37,301		$	37,627		$	442		$	—		$	75,370
Due to affiliates	2,098,320			105,945			193,788			(2,358,316		)	39,737
Accrued and other current liabilities	13,031			31,332			1,967			(6,231		)	40,099
Accrued employee benefits costs — current portion	15,926			—			2,757			—			18,683
Industrial revenue bonds	7,815			—			—			—			7,815
Total current liabilities	2,172,393			174,904			198,954			(2,364,547		)	181,704
Senior notes payable	—			—			250,582			—			250,582
Accrued pension benefit costs — less current portion	36,087			—			31,791			—			67,878
Accrued postretirement benefit costs — less current portion	137,184			—			5,921			—			143,105
Other liabilities/intercompany loan	65,377			614,585			2,183			(641,983		)	40,162
Deferred taxes	—			109,011			—			1,241			110,252
Total noncurrent liabilities	238,648			723,596			290,477			(640,742		)	611,979
Shareholders’ equity:
Convertible preferred stock	—			—			1			—			1
Common stock	60			12			933			(72		)	933
Additional paid-in capital	303,659			150,743			2,507,454			(454,402		)	2,507,454
Treasury stock, at cost	—			—			(49,924		)	—			(49,924		)
Accumulated other comprehensive income (loss)	(146,862		)	(1,525		)	(151,192		)	148,387			(151,192		)
Retained earnings (accumulated deficit)	(1,451,995		)	147,101			(1,324,629		)	1,304,894			(1,324,629		)
Total shareholders’ equity	(1,295,138		)	296,331			982,643			998,807			982,643
Total	$	1,115,903		$	1,194,831		$	1,472,074		$	(2,006,482	)	$	1,776,326

Schedule of Condensed Cash Flow Statement [Table Text Block]



CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
For the six months ended June 30, 2013
	Combined Guarantor Subsidiaries			Combined Non-Guarantor Subsidiaries			The Company			Consolidated
Net cash provided by (used in) operating activities	$	34,027		$	(11,051	)	$	—		$	22,976
Investing activities:
Purchase of property, plant and equipment	(5,240		)	(10,751		)	(574		)	(16,565		)
Nordural expansion — Helguvik	—			(2,559		)	—			(2,559		)
Purchase of carbon anode assets and improvements	—			(3,670		)	—			(3,670		)
Purchase of Sebree smelter	(48,058		)	—			—			(48,058		)
Proceeds from sale of property, plant and equipment	—			515			—			515
Restricted and other cash deposits	258			(978		)	—			(720		)
Net cash used in investing activities	(53,040		)	(17,443		)	(574		)	(71,057		)
Financing activities:
Repayment of debt	(3,274		)	—			(246,330		)	(249,604		)
Proceeds from issuance of debt	246,330			—			—			246,330
Repayment of contingent obligation	(249,604		)				249,604			—
Debt issuance costs	—			—			(3,926		)	(3,926		)
Debt retirement costs	—			—			(1,208		)	(1,208		)
Intercompany transactions	25,561			582			(26,143		)	—
Issuance of common stock — net	—			—			44			44
Net cash provided by (used in) financing activities	19,013			582			(27,959		)	(8,364		)
Net change in cash and cash equivalents	—			(27,912		)	(28,533		)	(56,445		)
Cash and cash equivalents, beginning of the period	—			110,016			73,960			183,976
Cash and cash equivalents, end of the period	$	—		$	82,104		$	45,427		$	127,531



CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
For the six months ended June 30, 2012
	Combined Guarantor Subsidiaries			Combined Non-Guarantor Subsidiaries			The Company			Consolidated
Net cash provided by (used in) operating activities	$	(19,534	)	$	17,919		$	—		$	(1,615	)
Investing activities:
Purchase of property, plant and equipment	(3,231		)	(2,879		)	(55		)	(6,165		)
Nordural expansion	—			(3,586		)	—			(3,586		)
Purchase of carbon anode assets	(14,524		)	—			—			(14,524		)
Investments in and advances to joint ventures	—			—			(200		)	(200		)
Payments received on advances to joint ventures	—			—			3,166			3,166
Proceeds from sale of property, plant and equipment	10			58			—			68
Net cash provided by (used in) investing activities	(17,745		)	(6,407		)	2,911			(21,241		)
Financing activities:
Borrowings under revolving credit facility	—			—			18,076			18,076
Repayments under revolving credit facility	—			—			(18,076		)	(18,076		)
Intercompany transactions	37,279			(31,970		)	(5,309		)	—
Repurchase of common stock	—			—			(4,033		)	(4,033		)
Net cash provided by (used in) financing activities	37,279			(31,970		)	(9,342		)	(4,033		)
Net change in cash and cash equivalents	—			(20,458		)	(6,431		)	(26,889		)
Cash and cash equivalents, beginning of the period	—			159,157			24,244			183,401
Cash and cash equivalents, end of the period	$	—		$	138,699		$	17,813		$	156,512

Schedule of Condensed Income Statement [Table Text Block]



CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)
For the three months ended June 30, 2013
	Combined Guarantor Subsidiaries			Combined Non-Guarantor Subsidiaries			The Company			Reclassifications and Eliminations			Consolidated
NET SALES:
Third-party customers	$	173,986		$	46,964		$	—		$	—		$	220,950
Related parties	51,651			59,336			—			—			110,987
	225,637			106,300			—			—			331,937
Cost of goods sold	250,395			87,240			—			—			337,635
Gross profit (loss)	(24,758		)	19,060			—			—			(5,698		)
Other operating expenses – net	3,018			—			—			—			3,018
Selling, general and administrative expenses	11,755			3,399			—			—			15,154
Operating income (loss)	(39,531		)	15,661			—			—			(23,870		)
Interest expense – third party	(6,224		)	—			—			—			(6,224		)
Interest expense – affiliates	14,521			(14,521		)	—			—			—
Interest income – third party	17			169			—			—			186
Net gain on forward and derivative contracts	204			—			—			—			204
Gain on bargain purchase	2,042			—			—			—			2,042
Loss on early extinguishment of debt	(3,272		)	—			—			—			(3,272		)
Other expense - net	(128		)	(1,156		)	—			—			(1,284		)
Income (loss) before income taxes and equity in earnings (loss) of subsidiaries and joint ventures	(32,371		)	153			—			—			(32,218		)
Income tax expense	(660		)	(2,131		)	—			—			(2,791		)
Loss before equity in earnings (loss) of subsidiaries and joint ventures	(33,031		)	(1,978		)	—			—			(35,009		)
Equity in earnings (loss) of subsidiaries and joint ventures	(3,044		)	436			(34,573		)	37,617			436
Net income (loss)	$	(36,075	)	$	(1,542	)	$	(34,573	)	$	37,617		$	(34,573	)
Other comprehensive income (loss) before income tax effect	$	10,006		$	(46	)	$	11,517		$	(9,960	)	$	11,517
Income tax effect	(357		)	8			(383		)	349			(383		)
Other comprehensive income (loss)	9,649			(38		)	11,134			(9,611		)	11,134
Comprehensive income (loss)	$	(26,426	)	$	(1,580	)	$	(23,439	)	$	28,006		$	(23,439	)



CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)
For the six months ended June 30, 2013
	Combined Guarantor Subsidiaries			Combined Non-Guarantor Subsidiaries			The Company			Reclassifications and Eliminations			Consolidated
NET SALES:
Third-party customers	$	311,084		$	98,380		$	—		$	—		$	409,464
Related parties	118,280			125,467			—			—			243,747
	429,364			223,847			—			—			653,211
Cost of goods sold	461,580			179,747			—			—			641,327
Gross profit (loss)	(32,216		)	44,100			—			—			11,884
Other operating expenses – net	4,114			—			—			—			4,114
Selling, general and administrative expenses	24,644			6,809			—			—			31,453
Operating income (loss)	(60,974		)	37,291			—			—			(23,683		)
Interest expense – third party	(12,300		)	—			—			—			(12,300		)
Interest expense – affiliates	29,017			(29,017		)	—			—			—
Interest income – third party	31			286			—			—			317
Net gain on forward and derivative contracts	15,711			—			—			—			15,711
Gain on bargain purchase	2,042			—			—			—			2,042
Loss on early extinguishment of debt	(3,272		)	—			—			—			(3,272		)
Other expense - net	(9		)	(1,205		)	—			—			(1,214		)
Income (loss) before income taxes and equity in earnings (loss) of subsidiaries and joint ventures	(29,754		)	7,355			—			—			(22,399		)
Income tax benefit (expense)	(7,762		)	2,454			—			—			(5,308		)
Income (loss) before equity in earnings (loss) of subsidiaries and joint ventures	(37,516		)	9,809			—			—			(27,707		)
Equity in earnings (loss) of subsidiaries and joint ventures	(5,266		)	1,387			(26,320		)	31,586			1,387
Net income (loss)	$	(42,782	)	$	11,196		$	(26,320	)	$	31,586		$	(26,320	)
Other comprehensive income (loss) before income tax effect	$	11,090		$	(93	)	$	12,794		$	(10,997	)	$	12,794
Income tax effect	(748		)	17			(765		)	731			(765		)
Other comprehensive income (loss)	10,342			(76		)	12,029			(10,266		)	12,029
Comprehensive income (loss)	$	(32,440	)	$	11,120		$	(14,291	)	$	21,320		$	(14,291	)



CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)
For the three months ended June 30, 2012
	Combined Guarantor Subsidiaries			Combined Non-Guarantor Subsidiaries			The Company			Reclassifications and Eliminations			Consolidated
NET SALES:
Third-party customers	$	131,721		$	52,301		$	—		$	—		$	184,022
Related parties	76,469			63,128			—			—			139,597
	208,190			115,429			—			—			323,619
Cost of goods sold	223,297			94,365			—			—			317,662
Gross profit (loss)	(15,107		)	21,064			—			—			5,957
Other operating expenses – net	3,817			—			—			—			3,817
Selling, general and administrative expenses (income)	8,238			(1,087		)	—			—			7,151
Operating income (loss)	(27,162		)	22,151			—			—			(5,011		)
Interest expense – third party	(5,946		)	—			—			—			(5,946		)
Interest expense – affiliates	16,030			(16,030		)	—			—			—
Interest income – third party	3			110			—			—			113
Interest income – affiliates	—			2			—			—			2
Net gain on forward contracts	1,450			—			—			—			1,450
Other (income) expense - net	(6		)	167			—			—			161
Income (loss) before income taxes and equity in earnings (loss) of subsidiaries and joint ventures	(15,631		)	6,400			—			—			(9,231		)
Income tax expense	(432		)	(2,963		)	—			—			(3,395		)
Income (loss) before equity in earnings (loss) of subsidiaries and joint ventures	(16,063		)	3,437			—			—			(12,626		)
Equity in earnings (loss) of subsidiaries and joint ventures	386			349			(12,277		)	11,891			349
Net income (loss)	$	(15,677	)	$	3,786		$	(12,277	)	$	11,891		$	(12,277	)
Other comprehensive income (loss) before income tax effect	$	1,617		$	(46	)	$	2,148		$	(1,571	)	$	2,148
Income tax effect	(373		)	8			(383		)	365			(383		)
Other comprehensive income (loss)	1,244			(38		)	1,765			(1,206		)	1,765
Comprehensive income (loss)	$	(14,433	)	$	3,748		$	(10,512	)	$	10,685		$	(10,512	)



CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)
For the six months ended June 30, 2013
	Combined Guarantor Subsidiaries			Combined Non-Guarantor Subsidiaries			The Company			Reclassifications and Eliminations			Consolidated
NET SALES:
Third-party customers	$	311,084		$	98,380		$	—		$	—		$	409,464
Related parties	118,280			125,467			—			—			243,747
	429,364			223,847			—			—			653,211
Cost of goods sold	461,580			179,747			—			—			641,327
Gross profit (loss)	(32,216		)	44,100			—			—			11,884
Other operating expenses – net	4,114			—			—			—			4,114
Selling, general and administrative expenses	24,644			6,809			—			—			31,453
Operating income (loss)	(60,974		)	37,291			—			—			(23,683		)
Interest expense – third party	(12,300		)	—			—			—			(12,300		)
Interest expense – affiliates	29,017			(29,017		)	—			—			—
Interest income – third party	31			286			—			—			317
Net gain on forward and derivative contracts	15,711			—			—			—			15,711
Gain on bargain purchase	2,042			—			—			—			2,042
Loss on early extinguishment of debt	(3,272		)	—			—			—			(3,272		)
Other expense - net	(9		)	(1,205		)	—			—			(1,214		)
Income (loss) before income taxes and equity in earnings (loss) of subsidiaries and joint ventures	(29,754		)	7,355			—			—			(22,399		)
Income tax benefit (expense)	(7,762		)	2,454			—			—			(5,308		)
Income (loss) before equity in earnings (loss) of subsidiaries and joint ventures	(37,516		)	9,809			—			—			(27,707		)
Equity in earnings (loss) of subsidiaries and joint ventures	(5,266		)	1,387			(26,320		)	31,586			1,387
Net income (loss)	$	(42,782	)	$	11,196		$	(26,320	)	$	31,586		$	(26,320	)
Other comprehensive income (loss) before income tax effect	$	11,090		$	(93	)	$	12,794		$	(10,997	)	$	12,794
Income tax effect	(748		)	17			(765		)	731			(765		)
Other comprehensive income (loss)	10,342			(76		)	12,029			(10,266		)	12,029
Comprehensive income (loss)	$	(32,440	)	$	11,120		$	(14,291	)	$	21,320		$	(14,291	)



CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)
For the six months ended June 30, 2012
	Combined Guarantor Subsidiaries			Combined Non-Guarantor Subsidiaries			The Company			Reclassifications and Eliminations			Consolidated
NET SALES:
Third-party customers	$	267,575		$	105,286		$	—		$	—		$	372,861
Related parties	150,999			125,949			—			—			276,948
	418,574			231,235			—			—			649,809
Cost of goods sold	430,233			193,027			—			—			623,260
Gross profit (loss)	(11,659		)	38,208			—			—			26,549
Other operating expense - net	7,538			—			—			—			7,538
Selling, general and administrative expenses (income)	16,217			(607		)	—			—			15,610
Operating income (loss)	(35,414		)	38,815			—			—			3,401
Interest expense – third party	(11,924		)	—			—			—			(11,924		)
Interest expense – affiliates	32,248			(32,248		)	—			—			—
Interest income – third party	14			237			—			—			251
Interest income – affiliates	—			62			—			—			62
Net loss on forward contracts	(3,709		)	—			—			—			(3,709		)
Other income (expense) - net	798			(331		)	—			—			467
Income (loss) before income taxes and equity in earnings (loss) of subsidiaries and joint ventures	(17,987		)	6,535			—			—			(11,452		)
Income tax expense	(685		)	(5,531		)	—			—			(6,216		)
Income (loss) before equity in earnings (loss) of subsidiaries and joint ventures	(18,672		)	1,004			—			—			(17,668		)
Equity in earnings (loss) of subsidiaries and joint ventures	156			990			(16,678		)	16,522			990
Net income (loss)	$	(18,516	)	$	1,994		$	(16,678	)	$	16,522		$	(16,678	)
Other comprehensive income (loss) before income tax effect	$	2,275		$	(93	)	$	3,286		$	(2,182	)	$	3,286
Income tax effect	(74		)	17			(765		)	57			(765		)
Other comprehensive income (loss)	2,201			(76		)	2,521			(2,125		)	2,521
Comprehensive income (loss)	$	(16,315	)	$	1,918		$	(14,157	)	$	14,397		$	(14,157	)