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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
NET SALES        
Related parties $ 285.6 $ 305.0 $ 556.6 $ 616.4
Other customers 116.3 168.1 266.5 346.8
Total net sales 401.9 473.1 823.1 963.2
Cost of goods sold 414.9 477.2 831.3 980.1
Gross profit (loss) (13.0) (4.1) (8.2) (16.9)
Selling, general and administrative expenses 11.8 11.9 20.7 26.6
Other operating (income) expense - net 0.2 0.3 0.5 0.6
Operating income (loss) (25.0) (16.3) (29.4) (44.1)
Interest expense - term loan (0.5) (0.6) (1.2) (0.6)
Interest expense (5.9) (5.8) (11.9) (11.7)
Interest income 0.4 0.2 0.5 0.4
Net gain (loss) on forward and derivative contracts 3.7 6.1 7.5 0.4
Other income (expense) - net 1.3 (1.7) 3.0 (0.5)
Income (loss) before income taxes and equity in earnings of joint ventures (26.0) (18.1) (31.5) (56.1)
Income tax benefit (expense) (0.9) 1.6 1.9 4.4
Income (loss) before equity in earnings of joint ventures (26.9) (16.5) (29.6) (51.7)
Loss on sale of BHH 0.0 (4.3) 0.0 (4.3)
Equity in earnings of joint ventures 0.0 0.1 0.0 0.7
Net income (loss) $ (26.9) $ (20.7) $ (29.6) $ (55.3)
EARNINGS (LOSS) PER COMMON SHARE:        
Basic and diluted (USD per share) $ (0.30) $ (0.23) $ (0.33) $ (0.63)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:        
Basic and diluted (per share) 89.5 88.8 89.4 88.5