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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
NET SALES:        
Related parties $ 282.7 $ 296.3 $ 579.0 $ 576.8
Other customers 187.3 92.5 345.5 177.8
Total net sales 470.0 388.8 924.5 754.6
Cost of goods sold 436.3 366.3 876.2 715.3
Gross profit 33.7 22.5 48.3 39.3
Selling, general and administrative expenses 12.0 9.4 22.7 20.1
Other operating expense, net 0.2 0.2 0.6 1.1
Operating income 21.5 12.9 25.0 18.1
Interest expense (5.6) (5.5) (11.2) (11.0)
Interest income 0.5 0.3 0.9 0.5
Net gain (loss) on forward and derivative contracts 1.2 3.0 1.9 (13.2)
Other income (expense) - net 2.1 (1.9) 1.3 (1.5)
Income (loss) before income taxes and equity in earnings of joint ventures 19.7 8.8 17.9 (7.1)
Income tax expense (2.3) (1.4) (1.4) (1.1)
Income (loss) before equity in earnings of joint ventures 17.4 7.4 16.5 (8.2)
Equity in earnings of joint ventures 2.0 (0.3) 2.6 0.2
Net income (loss) 19.4 7.1 19.1 (8.0)
Net income (loss) allocated to common stockholders $ 17.9 $ 6.6 $ 17.6 $ (8.0)
EARNINGS (LOSS) PER COMMON SHARE:        
Earnings per share, basic (shares) $ 0.20 $ 0.08 $ 0.20 $ (0.09)
Earnings per share, diluted (shares) $ 0.20 $ 0.07 $ 0.20 $ (0.09)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:        
Basic (shares) 87.6 87.3 87.6 87.3
Diluted (shares) 88.4 88.1 88.4 87.3