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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
NET SALES:    
Related parties $ 280,377 $ 575,729
Third-party customers 38,477 12,182
Total net sales 318,854 587,911
Cost of goods sold 321,906 493,816
Gross profit (loss) (3,052) 94,095
Selling, general and administrative expenses 9,625 11,971
Other operating expense - net 881 2,079
Operating income (loss) (13,558) 80,045
Interest expense (5,493) (5,551)
Interest income 114 142
Net gain on forward and derivative contracts 353 353
Unrealized gain on fair value of contingent consideration 0 6,527
Other income (expense) - net (6) 1,054
Income (loss) before income taxes and equity in earnings of joint ventures (18,590) 82,570
Income tax benefit (expense) 2,070 (9,301)
Income (loss) before equity in earnings of joint ventures (16,520) 73,269
Equity in earnings of joint ventures 357 510
Net income (loss) (16,163) 73,779
Net income (loss) allocated to common stockholders $ (16,163) $ 67,813
EARNINGS (LOSS) PER COMMON SHARE:    
Basic and Diluted (in dollars per share) $ (0.19) $ 0.76
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:    
Basic (shares) 87,040 88,814
Diluted (shares) 87,040 89,369