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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
NET SALES:        
Third-party customers $ 169,751 $ 220,950 $ 305,015 $ 409,464
Related parties 288,573 110,987 574,156 243,747
Sales Revenue – net 458,324 331,937 879,171 653,211
Cost of goods sold 419,820 337,635 842,425 641,327
Gross profit (loss) 38,504 (5,698) 36,746 11,884
Other operating expense – net 1,874 3,018 4,288 4,114
Selling, general and administrative expenses 10,618 15,154 20,680 31,453
Operating income (loss) 26,012 (23,870) 11,778 (23,683)
Interest expense – third party (5,571) (6,224) (11,048) (12,300)
Interest income – third party 34 186 174 317
Net gain (loss) on forward and derivative contracts 352 204 (527) 15,711
Gain on bargain purchase 0 5,253 0 5,253
Loss on early extinguishment of debt 0 (3,272) 0 (3,272)
Other income (expense) – net 300 (1,284) 47 (1,214)
Income (loss) before income taxes and equity in earnings of joint ventures 21,127 (29,007) 424 (19,188)
Income tax expense (1,654) (813) (560) (3,330)
Income (loss) before equity in earnings of joint ventures 19,473 (29,820) (136) (22,518)
Equity in earnings of joint ventures 871 436 376 1,387
Net income (loss) 20,344 (29,384) 240 (21,131)
Net income (loss) allocated to common stockholders $ 18,675 $ (29,384) $ 220 $ (21,131)
EARNINGS (LOSS) PER COMMON SHARE:        
Basic and Diluted $ 0.21 $ (0.33) $ 0.00 $ (0.24)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:        
Basic 88,787 88,597 88,752 88,576
Diluted 89,352 88,597 89,292 88,576