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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
NET SALES        
Related parties $ 306.4 $ 285.6 $ 574.7 $ 556.6
Other customers 221.6 116.3 397.3 266.5
Total net sales 528.0 401.9 972.0 823.1
Cost of goods sold 507.1 414.9 971.8 831.3
Gross profit (loss) 20.9 (13.0) 0.2 (8.2)
Selling, general and administrative expenses 8.7 11.8 24.8 20.7
Other operating (income) expense - net 0.1 0.2 0.2 0.5
Operating income (loss) 12.1 (25.0) (24.8) (29.4)
Interest expense - Hawesville term loan (0.2) (0.5) (0.5) (1.2)
Interest expense (7.5) (5.9) (16.5) (11.9)
Interest income 0.1 0.4 0.2 0.5
Net gain (loss) on forward and derivative contracts (64.4) 3.7 (162.5) 7.5
Loss on early extinguishment of debt (24.7) 0.0 (24.7) 0.0
Other income (expense) - net 1.2 1.3 3.1 3.0
Income (loss) before income taxes (83.4) (26.0) (225.7) (31.5)
Income tax benefit (expense) 48.3 (0.9) 50.6 1.9
Income (loss) before equity in earnings of joint ventures (35.1) (26.9) (175.1) (29.6)
Equity in earnings of joint ventures 0.0 0.0 0.0 0.0
Net income (loss) (35.1) (26.9) (175.1) (29.6)
Net income (loss) allocated to common stockholders (35.1) (26.9) (175.1) (29.6)
Net income (loss) allocated to common stockholders $ (35.1) $ (26.9) $ (175.1) $ (29.6)
EARNINGS (LOSS) PER COMMON SHARE:        
Basic (in dollars per share) $ (0.39) $ (0.30) $ (1.94) $ (0.33)
Diluted (in dollars per share) $ (0.39) $ (0.30) $ (1.94) $ (0.33)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:        
Basic (in shares) 90.1 89.5 90.1 89.4
Diluted (in shares) 90.1 89.5 90.1 89.4