XML 13 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
NET SALES:    
Related parties $ 280,573 $ 280,377
Other customers 85,213 38,477
Total net sales 365,786 318,854
Cost of goods sold 348,935 321,906
Gross profit (loss) 16,851 (3,052)
Selling, general and administrative expenses 10,702 9,625
Other operating expense - net 973 881
Operating income (loss) 5,176 (13,558)
Interest expense (5,571) (5,493)
Interest income 230 114
Net gain (loss) on forward and derivative contracts (16,137) 353
Other income (expense) - net 384 (6)
Loss before income taxes and equity in earnings of joint ventures (15,918) (18,590)
Income tax benefit (expense) 308 2,070
Loss before equity in earnings of joint ventures (15,610) (16,520)
Equity in earnings of joint ventures 471 357
Net loss (15,139) (16,163)
Net loss allocated to common stockholders $ (15,139) $ (16,163)
LOSS PER COMMON SHARE:    
Basic and diluted (in USD per share) $ (0.17) $ (0.19)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:    
Basic and diluted (shares) 87,254 87,040