XML 21 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2016
Sep. 30, 2016
Jun. 30, 2016
Mar. 31, 2016
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
NET SALES:                      
Related parties                 $ 1,198,076 $ 1,178,631 $ 1,867,711
Other customers                 391,004 140,463 82,146
Total net sales $ 433,847 $ 400,645 $ 388,802 $ 365,786 $ 339,836 $ 333,650 $ 326,754 $ 318,854 1,589,080 1,319,094 1,949,857
Cost of goods sold                 1,460,475 1,330,136 1,908,544
Gross profit (loss) 47,892 41,402 22,460 16,851 5,057 (17,612) 5,582 (3,052) 128,605 (11,042) 41,313
Selling, general and administrative expenses                 45,446 40,264 42,115
Helguvik (gains) losses                 (7,310) 152,220 0
Ravenswood (gains)                 (5,500) 26,830 30,850
Other operating expense - net                 2,111 3,857 7,436
Operating income (loss)                 93,858 (234,213) (39,088)
Interest expense                 (22,174) (22,216) (21,954)
Interest income                 1,397 758 339
Net (loss) gain on forward and derivative contracts       (16,137)         (16,549) 3,487 1,600
Unrealized gain on fair value of contingent consideration                 0 0 18,337
Other (expense) income - net                 (1,161) 1,319 (356)
Income (loss) before income taxes and equity in earnings of joint ventures                 55,371 (250,865) (41,122)
Income tax expense                 (7,583) (2,824) (9,276)
Income (loss) before equity in earnings of joint ventures                 47,788 (253,689) (50,398)
BHH impairment                 0 0 (11,584)
Equity in earnings of joint ventures                 792 1,274 2,672
Net income (loss) $ 35,805 $ 20,783 $ 7,131 $ (15,139) $ (168,464) $ (58,273) $ (9,515) $ (16,163) $ 48,580 $ (252,415) $ (59,310)
INCOME (LOSS) PER COMMON SHARE:                      
Basic (in dollars per share) $ 0.38 $ 0.22 $ 0.08 $ (0.17) $ (1.93) $ (0.67) $ (0.11) $ (0.19) $ 0.51 $ (2.90) $ (0.68)
Diluted (in dollars per share) $ 0.37 $ 0.22 $ 0.07 $ (0.17) $ (1.93) $ (0.67) $ (0.11) $ (0.19) $ 0.51 $ (2.90) $ (0.68)