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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
NET SALES:      
Related parties $ 1,867,711 $ 1,262,101 $ 511,051
Third-party customers 82,146 668,941 943,262
Sales Revenue – net 1,949,857 1,931,042 1,454,313
Cost of goods sold 1,908,544 1,729,243 1,414,790
Gross profit 41,313 201,799 39,523
Selling, general and administrative expenses 42,115 49,195 67,477
Ravenswood impairment 30,850 0 0
Other operating expense – net 7,436 12,481 8,602
Operating income (loss) (39,088) 140,123 (36,556)
Interest expense (21,954) (22,015) (23,091)
Interest income 339 301 728
Net gain on forward and derivative contracts 1,600 179 16,598
Gain on bargain purchase 0 0 5,253
Unrealized gain on fair value of contingent consideration 18,337 7,943 0
Gain on remeasurement of equity investment 0 15,955 0
Loss on early extinguishment of debt 0 0 (3,272)
Other income (expense) – net (356) 991 496
Income (loss) before income taxes and equity in earnings of joint ventures (41,122) 143,477 (39,844)
Income tax expense (9,276) (18,308) (3,131)
Income (loss) before equity in earnings of joint ventures (50,398) 125,169 (42,975)
BHH impairment (11,584) 0 0
Equity in earnings of joint ventures 2,672 1,305 2,662
Net income (loss) $ (59,310) $ 126,474 $ (40,313)
EARNINGS (LOSS) PER COMMON SHARE:      
Basic (in dollars per share) $ (0.68) $ 1.31 $ (0.45)
Diluted (in dollars per share) $ (0.68) $ 1.30 $ (0.45)