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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
NET SALES:        
Related parties $ 301,111 $ 428,018 $ 871,771 $ 1,517,428
Third-party customers 32,539 26,522 107,487 48,514
Total net sales 333,650 454,540 979,258 1,565,942
Cost of goods sold 351,262 496,963 995,357 1,505,928
Gross profit (loss) (17,612) (42,423) (16,099) 60,014
Selling, general and administrative expenses 9,733 11,566 29,303 33,549
Ravenswood charges 26,830 0 26,830 30,850
Other operating expense - net 878 1,537 2,337 6,217
Operating loss (55,053) (55,526) (74,569) (10,602)
Interest expense (5,531) (5,418) (16,521) (16,542)
Interest income 190 45 475 248
Net gain on forward and derivative contracts 1,275 285 2,998 1,204
Unrealized gain on fair value of contingent consideration 0 1,523 0 18,337
Other income (expense) - net (157) 114 (462) 1,261
Loss before income taxes and equity in earnings of joint ventures (59,276) (58,977) (88,079) (6,094)
Income tax benefit (expense) 848 2,161 3,237 (12,205)
Loss before equity in earnings of joint ventures (58,428) (56,816) (84,842) (18,299)
Equity in earnings of joint ventures 155 704 891 2,069
Net loss (58,273) (56,112) (83,951) (16,230)
Net loss allocated to common stockholders $ (58,273) $ (56,112) $ (83,951) $ (16,230)
LOSS PER COMMON SHARE:        
Basic and diluted (in USD per share) $ (0.67) $ (0.65) $ (0.96) $ (0.19)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:        
Basic and diluted (shares) 87,076 86,907 87,059 87,524