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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
NET SALES        
Related parties $ 282.3 $ 305.3 $ 898.7 $ 884.2
Other customers 155.7 176.5 502.5 522.1
Total net sales 438.0 481.8 1,401.2 1,406.3
Cost of goods sold 451.7 493.6 1,431.8 1,369.9
Gross profit (loss) (13.7) (11.8) (30.6) 36.4
Selling, general and administrative expenses 11.6 8.8 38.2 31.5
Helguvik (gains) 0.0 (4.5) 0.0 (4.5)
Other operating expense, net (0.1) (0.5) 0.4 (0.0)
Operating income (loss) (25.2) (15.6) (69.2) 9.4
Interest expense - term loan (0.8) 0.0 (1.3) 0.0
Interest expense (5.6) (5.6) (17.3) (16.7)
Interest income 0.2 0.4 0.6 1.3
Net gain (loss) on forward and derivative contracts 10.3 0.8 10.7 2.8
Other income (expense) - net (0.9) 0.7 (1.6) 1.8
Income (loss) before income taxes and equity in earnings of joint ventures (22.0) (19.3) (78.1) (1.4)
Income tax benefit (expense) 1.3 (1.7) 5.7 (3.0)
Income (loss) before equity in earnings of joint ventures (20.7) (21.0) (72.4) (4.4)
Loss on sale of BHH 0.0 0.0 (4.3) 0.0
Equity in earnings of joint ventures 0.0 0.7 0.7 3.2
Net income (loss) (20.7) (20.3) (76.0) (1.2)
Net income (loss) allocated to common stockholders $ (20.7) $ (20.3) $ (76.0) $ (1.2)
EARNINGS (LOSS) PER COMMON SHARE:        
Basic and diluted (per share) $ (0.23) $ (0.23) $ (0.86) $ (0.01)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:        
Basic and diluted (per share) 88.9 87.6 88.6 87.6