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Condensed consolidating financial information (Tables) | 9 Months Ended
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Sep. 30, 2017
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
Condensed Consolidating Statements of Comprehensive Income (Loss) |
Condensed Consolidating Statements of Comprehensive Income (Loss)
For the three months ended September 30, 2017
| The Company |  | Combined Guarantor Subsidiaries |  | Combined Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Total Consolidated
NET SALES: |  |  |  |  |  |  |  |  |
Related parties | $ | — |  |  | $ | 138,212 |  |  | $ | 161,023 |  |  | $ | — |  |  | $ | 299,235 |
Other customers | — |  |  | 101,382 |  |  | 28 |  |  | — |  |  | 101,410 |
Total net sales | — |  |  | 239,594 |  |  | 161,051 |  |  | — |  |  | 400,645 |
Cost of goods sold | — |  |  | 220,723 |  |  | 138,520 |  |  | — |  |  | 359,243 |
Gross profit | — |  |  | 18,871 |  |  | 22,531 |  |  | — |  |  | 41,402 |
Selling, general and administrative expenses | 13,684 |  |  | — |  |  | 310 |  |  | — |  |  | 13,994 |
Ravenswood (gains) losses | — |  |  | — |  |  | (5,500 | ) |  | — |  |  | (5,500 | )
Other operating expense - net | — |  |  | — |  |  | 437 |  |  | — |  |  | 437 |
Operating income (loss) | (13,684 | ) |  | 18,871 |  |  | 27,284 |  |  | — |  |  | 32,471 |
Interest expense | (5,105 | ) |  | (392 | ) |  | (45 | ) |  | — |  |  | (5,542 | )
Intercompany interest | 8,909 |  |  | 2,214 |  |  | (11,123 | ) |  | — |  |  | — |
Interest income | 183 |  |  | — |  |  | 239 |  |  | — |  |  | 422 |
Net (loss) on forward and derivative contracts | — |  |  | (3,853 | ) |  | (35 | ) |  | — |  |  | (3,888 | )
Other income (expense) - net | — |  |  | (56 | ) |  | 483 |  |  | — |  |  | 427 |
Income (loss) before income taxes and equity in earnings of joint ventures | (9,697 | ) |  | 16,784 |  |  | 16,803 |  |  | — |  |  | 23,890 |
Income tax (expense) benefit | (3 | ) |  | — |  |  | (3,318 | ) |  | — |  |  | (3,321 | )
Income (loss) before equity in earnings of joint ventures | (9,700 | ) |  | 16,784 |  |  | 13,485 |  |  | — |  |  | 20,569 |
Equity in earnings (loss) of joint ventures | 30,483 |  |  | 1,369 |  |  | 214 |  |  | (31,852 | ) |  | 214 |
Net income | $ | 20,783 |  |  | $ | 18,153 |  |  | $ | 13,699 |  |  | $ | (31,852 | ) |  | $ | 20,783 |
Other comprehensive income (loss) before income tax effect | 1,429 |  |  | 982 |  |  | 337 |  |  | (1,319 | ) |  | 1,429 |
Income tax effect | (382 | ) |  | — |  |  | 9 |  |  | (9 | ) |  | (382 | )
Other comprehensive income (loss) | 1,047 |  |  | 982 |  |  | 346 |  |  | (1,328 | ) |  | 1,047 |
Total comprehensive income (loss) | $ | 21,830 |  |  | $ | 19,135 |  |  | $ | 14,045 |  |  | $ | (33,180 | ) |  | $ | 21,830 |
Condensed Consolidating Statements of Comprehensive Income (Loss)
For the three months ended September 30, 2016
| The Company |  | Combined Guarantor Subsidiaries |  | Combined Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Total Consolidated
NET SALES: |  |  |  |  |  |  |  |  |
Related parties | $ | — |  |  | $ | 170,947 |  |  | $ | 152,449 |  |  | $ | (22,285 | ) |  | $ | 301,111 |
Other customers | — |  |  | 32,795 |  |  | 11 |  |  | (267 | ) |  | 32,539 |
Total net sales | — |  |  | 203,742 |  |  | 152,460 |  |  | (22,552 | ) |  | 333,650 |
Cost of goods sold | — |  |  | 231,082 |  |  | 141,957 |  |  | (21,777 | ) |  | 351,262 |
Gross profit (loss) | — |  |  | (27,340 | ) |  | 10,503 |  |  | (775 | ) |  | (17,612 | )
Selling, general and administrative expenses | 9,517 |  |  | — |  |  | 216 |  |  | — |  |  | 9,733 |
Ravenswood (gains) losses | — |  |  | — |  |  | 26,830 |  |  | — |  |  | 26,830 |
Other operating expense - net | — |  |  | — |  |  | 878 |  |  | — |  |  | 878 |
Operating income (loss) | (9,517 | ) |  | (27,340 | ) |  | (17,421 | ) |  | (775 | ) |  | (55,053 | )
Interest expense | (5,101 | ) |  | (385 | ) |  | (45 | ) |  | — |  |  | (5,531 | )
Intercompany interest | 9,947 |  |  | 2,059 |  |  | (12,006 | ) |  | — |  |  | — |
Interest income | 33 |  |  | — |  |  | 157 |  |  | — |  |  | 190 |
Net gain on forward and derivative contracts | — |  |  | 1,275 |  |  | — |  |  | — |  |  | 1,275 |
Other income (expense) - net | 48 |  |  | 14 |  |  | (219 | ) |  | — |  |  | (157 | )
Loss before income taxes and equity in earnings of joint ventures | (4,590 | ) |  | (24,377 | ) |  | (29,534 | ) |  | (775 | ) |  | (59,276 | )
Income tax (expense) benefit | (877 | ) |  | — |  |  | 1,725 |  |  | — |  |  | 848 |
Loss before equity in earnings of joint ventures | (5,467 | ) |  | (24,377 | ) |  | (27,809 | ) |  | (775 | ) |  | (58,428 | )
Equity in earnings (loss) of joint ventures | (52,806 | ) |  | — |  |  | 155 |  |  | 52,806 |  |  | 155 |
Net loss | $ | (58,273 | ) |  | $ | (24,377 | ) |  | $ | (27,654 | ) |  | $ | 52,031 |  |  | $ | (58,273 | )
Other comprehensive income (loss) before income tax effect | 1,206 |  |  | 777 |  |  | 303 |  |  | (1,080 | ) |  | 1,206 |
Income tax effect | (382 | ) |  | — |  |  | 8 |  |  | (8 | ) |  | (382 | )
Other comprehensive income (loss) | 824 |  |  | 777 |  |  | 311 |  |  | (1,088 | ) |  | 824 |
Total comprehensive income (loss) | $ | (57,449 | ) |  | $ | (23,600 | ) |  | $ | (27,343 | ) |  | $ | 50,943 |  |  | $ | (57,449 | )
Condensed Consolidating Statements of Comprehensive Income (Loss)
For the nine months ended September 30, 2017
| The Company |  | Combined Guarantor Subsidiaries |  | Combined Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Total Consolidated
NET SALES: |  |  |  |  |  |  |  |  |
Related parties | $ | — |  |  | $ | 404,130 |  |  | $ | 471,949 |  |  | $ | — |  |  | $ | 876,079 |
Other customers | — |  |  | 279,061 |  |  | 93 |  |  | — |  |  | 279,154 |
Total net sales | — |  |  | 683,191 |  |  | 472,042 |  |  | — |  |  | 1,155,233 |
Cost of goods sold | — |  |  | 655,027 |  |  | 419,493 |  |  | — |  |  | 1,074,520 |
Gross profit | — |  |  | 28,164 |  |  | 52,549 |  |  | — |  |  | 80,713 |
Selling, general and administrative expenses | 32,798 |  |  | — |  |  | 1,250 |  |  | — |  |  | 34,048 |
Ravenswood (gains) losses | — |  |  | — |  |  | (5,500 | ) |  | — |  |  | (5,500 | )
Other operating expense - net | — |  |  | — |  |  | 1,590 |  |  | — |  |  | 1,590 |
Operating income (loss) | (32,798 | ) |  | 28,164 |  |  | 55,209 |  |  | — |  |  | 50,575 |
Interest expense | (15,288 | ) |  | (1,153 | ) |  | (133 | ) |  | — |  |  | (16,574 | )
Intercompany interest | 27,104 |  |  | 6,442 |  |  | (33,546 | ) |  |  |  | — |
Interest income | 312 |  |  | (1 | ) |  | 624 |  |  | — |  |  | 935 |
Net loss on forward and derivative contracts | — |  |  | (17,056 | ) |  | (12 | ) |  | — |  |  | (17,068 | )
Other income (expense) - net | 677 |  |  | 105 |  |  | (1,847 | ) |  | — |  |  | (1,065 | )
Income (loss) before income taxes and equity in earnings of joint ventures | (19,993 | ) |  | 16,501 |  |  | 20,295 |  |  | — |  |  | 16,803 |
Income tax (expense) benefit | 1,097 |  |  | — |  |  | (5,562 | ) |  | — |  |  | (4,465 | )
Income (loss) before equity in earnings of joint ventures | (18,896 | ) |  | 16,501 |  |  | 14,733 |  |  | — |  |  | 12,338 |
Equity in earnings of joint ventures | 31,671 |  |  | 3,889 |  |  | 437 |  |  | (35,560 | ) |  | 437 |
Net income (loss) | $ | 12,775 |  |  | $ | 20,390 |  |  | $ | 15,170 |  |  | $ | (35,560 | ) |  | $ | 12,775 |
Other comprehensive income (loss) before income tax effect | 3,073 |  |  | 821 |  |  | 1,166 |  |  | (1,987 | ) |  | 3,073 |
Income tax effect | (1,145 | ) |  | — |  |  | 28 |  |  | (28 | ) |  | (1,145 | )
Other comprehensive income (loss) | 1,928 |  |  | 821 |  |  | 1,194 |  |  | (2,015 | ) |  | 1,928 |
Total comprehensive income (loss) | $ | 14,703 |  |  | $ | 21,211 |  |  | $ | 16,364 |  |  | $ | (37,575 | ) |  | $ | 14,703 |
Condensed Consolidating Statements of Comprehensive Income (Loss)
For the nine months ended September 30, 2016
| The Company |  | Combined Guarantor Subsidiaries |  | Combined Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Total Consolidated
NET SALES: |  |  |  |  |  |  |  |  |
Related parties | $ | — |  |  | $ | 502,707 |  |  | $ | 438,660 |  |  | $ | (69,596 | ) |  | $ | 871,771 |
Other customers | — |  |  | 107,725 |  |  | 29 |  |  | (267 | ) |  | 107,487 |
Total net sales | — |  |  | 610,432 |  |  | 438,689 |  |  | (69,863 | ) |  | 979,258 |
Cost of goods sold | — |  |  | 653,258 |  |  | 411,651 |  |  | (69,552 | ) |  | 995,357 |
Gross profit (loss) | — |  |  | (42,826 | ) |  | 27,038 |  |  | (311 | ) |  | (16,099 | )
Selling, general and administrative expenses | 26,077 |  |  | — |  |  | 3,226 |  |  | — |  |  | 29,303 |
Ravenswood (gains) losses | — |  |  | — |  |  | 26,830 |  |  | — |  |  | 26,830 |
Other operating expense - net | — |  |  | — |  |  | 2,337 |  |  | — |  |  | 2,337 |
Operating income (loss) | (26,077 | ) |  | (42,826 | ) |  | (5,355 | ) |  | (311 | ) |  | (74,569 | )
Interest expense | (15,236 | ) |  | (1,150 | ) |  | (135 | ) |  | — |  |  | (16,521 | )
Intercompany interest | 29,222 |  |  | 6,013 |  |  | (35,235 | ) |  | — |  |  | — |
Interest income | 108 |  |  | 9 |  |  | 358 |  |  | — |  |  | 475 |
Net gain on forward and derivative contracts | — |  |  | 2,998 |  |  | — |  |  | — |  |  | 2,998 |
Other income (expense) - net | 682 |  |  | 29 |  |  | (1,173 | ) |  | — |  |  | (462 | )
Loss before income taxes and equity in earnings of joint ventures | (11,301 | ) |  | (34,927 | ) |  | (41,540 | ) |  | (311 | ) |  | (88,079 | )
Income tax benefit | 591 |  |  | — |  |  | 2,646 |  |  | — |  |  | 3,237 |
Loss before equity in earnings of joint ventures | (10,710 | ) |  | (34,927 | ) |  | (38,894 | ) |  | (311 | ) |  | (84,842 | )
Equity in earnings (loss) of joint ventures | (73,241 | ) |  | — |  |  | 891 |  |  | 73,241 |  |  | 891 |
Net loss | $ | (83,951 | ) |  | $ | (34,927 | ) |  | $ | (38,003 | ) |  | $ | 72,930 |  |  | $ | (83,951 | )
Other comprehensive income before income tax effect | 3,618 |  |  | 2,332 |  |  | 910 |  |  | (3,242 | ) |  | 3,618 |
Income tax effect | (1,147 | ) |  | — |  |  | 25 |  |  | (25 | ) |  | (1,147 | )
Other comprehensive income (loss) | 2,471 |  |  | 2,332 |  |  | 935 |  |  | (3,267 | ) |  | 2,471 |
Total comprehensive income (loss) | $ | (81,480 | ) |  | $ | (32,595 | ) |  | $ | (37,068 | ) |  | $ | 69,663 |  |  | $ | (81,480 | )
Condensed Consolidating Balance Sheet |
Condensed Consolidating Balance Sheet
As of September 30, 2017
| The Company |  | Combined Guarantor Subsidiaries |  | Combined Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Total Consolidated
Cash & cash equivalents | $ | 70,752 |  |  | $ | (217 | ) |  | $ | 103,678 |  |  | $ | — |  |  | $ | 174,213 |
Restricted cash | — |  |  | 800 |  |  | 48 |  |  | — |  |  | 848 |
Accounts receivable - net | — |  |  | 40,117 |  |  | 250 |  |  | — |  |  | 40,367 |
Due from affiliates | 42 |  |  | 11,806 |  |  | 1 |  |  | — |  |  | 11,849 |
Inventories | 180 |  |  | 165,288 |  |  | 96,288 |  |  | — |  |  | 261,756 |
Prepaid and other current assets | 5,959 |  |  | 6,176 |  |  | 9,626 |  |  | — |  |  | 21,761 |
Total current assets | 76,933 |  |  | 223,970 |  |  | 209,891 |  |  | — |  |  | 510,794 |
Property, plant and equipment - net | 17,970 |  |  | 303,708 |  |  | 663,270 |  |  | — |  |  | 984,948 |
Investment in subsidiaries | 736,345 |  |  | 55,129 |  |  | — |  |  | (791,474 | ) |  | — |
Due from affiliates - long term | 514,676 |  |  | 379,331 |  |  | 9,430 |  |  | (903,437 | ) |  | — |
Other assets | 27,834 |  |  | 43,915 |  |  | 27,887 |  |  | (31,915 | ) |  | 67,721 |
TOTAL | $ | 1,373,758 |  |  | $ | 1,006,053 |  |  | $ | 910,478 |  |  | $ | (1,726,826 | ) |  | $ | 1,563,463 |
Accounts payable, trade | $ | 2,712 |  |  | $ | 53,785 |  |  | $ | 40,535 |  |  | $ | — |  |  | $ | 97,032 |
Due to affiliates | 785 |  |  | 15,902 |  |  | 6,970 |  |  | — |  |  | 23,657 |
Accrued and other current liabilities | 18,965 |  |  | 19,035 |  |  | 18,732 |  |  | — |  |  | 56,732 |
Accrued employee benefits costs | 1,933 |  |  | 8,020 |  |  | 491 |  |  | — |  |  | 10,444 |
Industrial revenue bonds | — |  |  | 7,815 |  |  | — |  |  | — |  |  | 7,815 |
Total current liabilities | 24,395 |  |  | 104,557 |  |  | 66,728 |  |  | — |  |  | 195,680 |
Senior notes payable | 248,036 |  |  | — |  |  | — |  |  | — |  |  | 248,036 |
Accrued pension benefits costs - less current portion | 45,587 |  |  | 19,666 |  |  | 13,497 |  |  | (31,915 | ) |  | 46,835 |
Accrued postretirement benefits costs - less current portion | 3,873 |  |  | 122,549 |  |  | 1,670 |  |  | — |  |  | 128,092 |
Due to affiliates - long term | 270,878 |  |  | 59,395 |  |  | 573,164 |  |  | (903,437 | ) |  | — |
Other liabilities | 7,895 |  |  | 32,115 |  |  | 22,084 |  |  | — |  |  | 62,094 |
Deferred taxes | — |  |  | 2,721 |  |  | 106,911 |  |  | — |  |  | 109,632 |
Total noncurrent liabilities | 576,269 |  |  | 236,446 |  |  | 717,326 |  |  | (935,352 | ) |  | 594,689 |
Preferred stock | 1 |  |  | — |  |  | — |  |  | — |  |  | 1 |
Common stock | 945 |  |  | 1 |  |  | 59 |  |  | (60 | ) |  | 945 |
Other shareholders' equity | 772,148 |  |  | 665,049 |  |  | 126,365 |  |  | (791,414 | ) |  | 772,148 |
Total shareholders' equity | 773,094 |  |  | 665,050 |  |  | 126,424 |  |  | (791,474 | ) |  | 773,094 |
TOTAL | $ | 1,373,758 |  |  | $ | 1,006,053 |  |  | $ | 910,478 |  |  | $ | (1,726,826 | ) |  | $ | 1,563,463 |
Condensed Consolidating Balance Sheet
As of December 31, 2016
| The Company |  | Combined Guarantor Subsidiaries |  | Combined Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Total Consolidated
Cash & cash equivalents | $ | 36,670 |  |  | $ | (255 | ) |  | $ | 95,988 |  |  | $ | — |  |  | $ | 132,403 |
Restricted cash | — |  |  | 794 |  |  | 256 |  |  | — |  |  | 1,050 |
Accounts receivable - net | 167 |  |  | 11,883 |  |  | 382 |  |  | — |  |  | 12,432 |
Due from affiliates | 42 |  |  | 16,606 |  |  | 3 |  |  | — |  |  | 16,651 |
Inventories | 180 |  |  | 146,689 |  |  | 86,694 |  |  | — |  |  | 233,563 |
Prepaid and other current assets | 6,838 |  |  | 5,699 |  |  | 9,673 |  |  | — |  |  | 22,210 |
Assets held for sale | — |  |  | — |  |  | 22,313 |  |  | — |  |  | 22,313 |
Total current assets | 43,897 |  |  | 181,416 |  |  | 215,309 |  |  | — |  |  | 440,622 |
Property, plant and equipment - net | 12,311 |  |  | 328,069 |  |  | 685,905 |  |  | — |  |  | 1,026,285 |
Investment in subsidiaries | 702,659 |  |  | 51,240 |  |  | — |  |  | (753,899 | ) |  | — |
Due from affiliates - long term | 529,873 |  |  | 346,893 |  |  | 1,792 |  |  | (878,558 | ) |  | — |
Other assets | 28,215 |  |  | 49,331 |  |  | 27,596 |  |  | (31,722 | ) |  | 73,420 |
TOTAL | $ | 1,316,955 |  |  | $ | 956,949 |  |  | $ | 930,602 |  |  | $ | (1,664,179 | ) |  | $ | 1,540,327 |
Accounts payable, trade | $ | 6,125 |  |  | $ | 52,921 |  |  | $ | 35,914 |  |  | $ | — |  |  | $ | 94,960 |
Due to affiliates | 417 |  |  | 9,641 |  |  | 5,310 |  |  | — |  |  | 15,368 |
Accrued and other current liabilities | 11,950 |  |  | 17,744 |  |  | 20,406 |  |  | — |  |  | 50,100 |
Accrued employee benefits costs | 1,932 |  |  | 8,317 |  |  | 668 |  |  | — |  |  | 10,917 |
Industrial revenue bonds | — |  |  | 7,815 |  |  | — |  |  | — |  |  | 7,815 |
Total current liabilities | 20,424 |  |  | 96,438 |  |  | 62,298 |  |  | — |  |  | 179,160 |
Senior notes payable | 247,699 |  |  | — |  |  | — |  |  | — |  |  | 247,699 |
Accrued pension benefits costs - less current portion | 46,390 |  |  | 20,167 |  |  | 14,658 |  |  | (31,722 | ) |  | 49,493 |
Accrued postretirement benefits costs - less current portion | 4,380 |  |  | 120,242 |  |  | 1,733 |  |  | — |  |  | 126,355 |
Other liabilities | 4,160 |  |  | 30,920 |  |  | 36,946 |  |  | — |  |  | 72,026 |
Due to affiliates - long term | 237,247 |  |  | 42,609 |  |  | 598,702 |  |  | (878,558 | ) |  | — |
Deferred taxes | — |  |  | 2,735 |  |  | 106,204 |  |  | — |  |  | 108,939 |
Total noncurrent liabilities | 539,876 |  |  | 216,673 |  |  | 758,243 |  |  | (910,280 | ) |  | 604,512 |
Preferred stock | 1 |  |  | — |  |  | — |  |  | — |  |  | 1 |
Common stock | 944 |  |  | 1 |  |  | 59 |  |  | (60 | ) |  | 944 |
Other shareholders' equity | 755,710 |  |  | 643,837 |  |  | 110,002 |  |  | (753,839 | ) |  | 755,710 |
Total shareholders' equity | 756,655 |  |  | 643,838 |  |  | 110,061 |  |  | (753,899 | ) |  | 756,655 |
TOTAL | $ | 1,316,955 |  |  | $ | 956,949 |  |  | $ | 930,602 |  |  | $ | (1,664,179 | ) |  | $ | 1,540,327 |
Condensed Consolidating Statement of Cash Flows |
Condensed Consolidating Statement of Cash Flows
For the nine months ended September 30, 2017
| The Company |  | Combined Guarantor Subsidiaries |  | Combined Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Total Consolidated
Net cash provided by (used in) operating activities | $ | (25,306 | ) |  | $ | 14,298 |  |  | $ | 61,675 |  |  | $ | — |  |  | $ | 50,667 |
Purchase of property, plant and equipment | (8,773 | ) |  | (5,880 | ) |  | (8,937 | ) |  | — |  |  | (23,590 | )
Proceeds from sale of property, plant and equipment | — |  |  | 831 |  |  | 13,621 |  |  | — |  |  | 14,452 |
Intercompany transactions | 34,249 |  |  | (25,996 | ) |  | (7,639 | ) |  | (614 | ) |  | — |
Net cash provided by (used in) investing activities | 25,476 |  |  | (31,045 | ) |  | (2,955 | ) |  | (614 | ) |  | (9,138 | )
Borrowings under revolving credit facilities | 1,022 |  |  | — |  |  | — |  |  | — |  |  | 1,022 |
Repayments under revolving credit facilities | (1,022 | ) |  | — |  |  | — |  |  | — |  |  | (1,022 | )
Issuance of common stock | 281 |  |  | — |  |  | — |  |  | — |  |  | 281 |
Intercompany transactions | 33,631 |  |  | 16,785 |  |  | (51,030 | ) |  | 614 |  |  | — |
Net cash provided by (used in) financing activities | 33,912 |  |  | 16,785 |  |  | (51,030 | ) |  | 614 |  |  | 281 |
CHANGE IN CASH AND CASH EQUIVALENTS | 34,082 |  |  | 38 |  |  | 7,690 |  |  | — |  |  | 41,810 |
Cash and cash equivalents, beginning of period | 36,670 |  |  | (255 | ) |  | 95,988 |  |  | — |  |  | 132,403 |
Cash and cash equivalents, end of period | $ | 70,752 |  |  | $ | (217 | ) |  | $ | 103,678 |  |  | $ | — |  |  | $ | 174,213 |
Condensed Consolidating Statement of Cash Flows
For the nine months ended September 30, 2016
| The Company |  | Combined Guarantor Subsidiaries |  | Combined Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Total Consolidated
Net cash provided by (used in) operating activities | $ | (20,816 | ) |  | $ | 23,045 |  |  | $ | (2,887 | ) |  | $ | 15,985 |  |  | $ | 15,327 |
Purchase of property, plant and equipment | — |  |  | (4,252 | ) |  | (8,875 | ) |  | — |  |  | (13,127 | )
Net cash used in investing activities | — |  |  | (4,252 | ) |  | (8,875 | ) |  | — |  |  | (13,127 | )
Borrowings under revolving credit facilities | 900 |  |  | — |  |  | — |  |  | — |  |  | 900 |
Repayments under revolving credit facilities | (900 | ) |  | — |  |  | — |  |  | — |  |  | (900 | )
Intercompany transactions | — |  |  | (15,271 | ) |  | 31,256 |  |  | (15,985 | ) |  | — |
Net cash provided by (used in) financing activities | — |  |  | (15,271 | ) |  | 31,256 |  |  | (15,985 | ) |  | — |
CHANGE IN CASH AND CASH EQUIVALENTS | (20,816 | ) |  | 3,522 |  |  | 19,494 |  |  | — |  |  | 2,200 |
Cash and cash equivalents, beginning of period | 58,421 |  |  | (3,647 | ) |  | 60,619 |  |  | — |  |  | 115,393 |
Cash and cash equivalents, end of period | $ | 37,605 |  |  | $ | (125 | ) |  | $ | 80,113 |  |  | $ | — |  |  | $ | 117,593 |

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