XML 27 R40.htm IDEA: XBRL DOCUMENT v2.4.0.8
Acquisition of Sebree aluminum smelter (Details) (USD $)
In Thousands, except Per Share data, unless otherwise specified
 1 Months Ended 3 Months Ended 4 Months Ended 9 Months Ended
Jun. 30, 2013
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2013
Sep. 30, 2012
Jun. 01, 2013
t
Business Acquisition [Line Items]              
Purchase price cash paid         $ 48,058 $ 0  
Valuation allowance release related to deferred tax assets         2,090    
Gain on bargain purchase   0 0   5,253 0  
Sebree Smelter [Member]
              
Business Acquisition [Line Items]              
Sebree Primary Aluminum Capacity             205,000
Purchase price for acquisition             61,000
Purchase price cash paid         48,000    
Target working capital amount             71,000
Gain on bargain purchase 2,042     5,253      
Gain on bargain purchase, Measurement Period Adjustments   3,211          
Cash (1) 47,373 [1]     48,083 [1]      
Cash, Measurement Period Adjustments   710 [1]          
Inventories   59,018   59,018 59,018   58,496
Inventories, Measurement Period Adjustments   522          
Prepaid and other current assets   363   363 363   363
Prepaid and other assets, Measurement Period Adjustments   0          
Property, plant and equipment – net   55,520   55,520 55,520   55,520
Property, plant, and equipment - net, Measurement Period Adjustments   0          
Total assets acquired   114,901   114,901 114,901   114,379
Total assets acquired, Measurement Period Adjustments   522          
Accrued and other current liabilities   43,316   43,316 43,316   44,121
Accrued and other current liabilities, Measurement Period Adjustments   (805)          
Accrued pension benefit costs   996   996 996   5,039
Accrued pension benefit costs, Measurement Period Adjustments   (4,043)          
Accrued post retirement benefit costs   6,544   6,544 6,544   6,544
Accrued post retirement benefit costs, Measurement Period Adjustments   0          
Other liabilities   7,476   7,476 7,476   8,003
Other liabilities, Measurement Period Adjustments   (527)          
Deferred taxes   3,233   3,233 3,233   1,257
Deferred taxes, Measurement Period Adjustments   1,976          
Total liabilities assumed   61,565   61,565 61,565   64,964
Total liabilities, Measurement Period Adjustments   (3,399)          
Sebree revenue   101,531     140,284    
Sebree net loss   (1,800)     (2,044)    
Pro forma revenues     410,009   1,261,533 1,300,869  
Pro forma loss from continuing operations     $ (12,620)   $ (57,853) $ (16,951)  
Loss per common share, basic     $ (0.14)   $ (0.65) $ (0.19)  
Loss per common share, diluted     $ (0.14)   $ (0.65) $ (0.19)  
[1] This amount represents our preliminary estimate of consideration based on our expectation of the working capital adjustments. The working capital adjustments have not yet been finalized.