XML 14 R2.htm IDEA: XBRL DOCUMENT v3.19.2
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
NET SALES        
Related parties $ 305.0 $ 282.7 $ 616.4 $ 579.0
Other customers 168.1 187.3 346.8 345.5
Total net sales 473.1 470.0 963.2 924.5
Cost of goods sold 477.2 436.3 980.1 876.2
Gross profit (loss) (4.1) 33.7 (16.9) 48.3
Selling, general and administrative expenses 11.9 12.0 26.6 22.7
Other operating expense, net 0.3 0.2 0.6 0.6
Operating income (loss) (16.3) 21.5 (44.1) 25.0
Interest expense - term loan (0.6) 0.0 (0.6) 0.0
Interest expense (5.8) (5.6) (11.7) (11.2)
Interest income 0.2 0.5 0.4 0.9
Net gain (loss) on forward and derivative contracts 6.1 1.2 0.4 1.9
Other income (expense) - net (1.7) 2.1 (0.5) 1.3
Income (loss) before income taxes and equity in earnings of joint ventures (18.1) 19.7 (56.1) 17.9
Income tax benefit (expense) 1.6 (2.3) 4.4 (1.4)
Income (loss) before equity in earnings of joint ventures (16.5) 17.4 (51.7) 16.5
Loss on sale of BHH (4.3) 0.0 (4.3) 0.0
Equity in earnings of joint ventures 0.1 2.0 0.7 2.6
Net income (loss) (20.7) 19.4 (55.3) 19.1
Net income (loss) allocated to common stockholders $ (20.7) $ 17.9 $ (55.3) $ 17.6
EARNINGS (LOSS) PER COMMON SHARE:        
Basic and diluted (per share) $ (0.23) $ 0.20 $ (0.63) $ 0.20
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:        
Basic (per share) 88.8 87.6 88.5 87.6
Diluted (per share) 88.8 88.4 88.5 88.4