XML 14 R2.htm IDEA: XBRL DOCUMENT v3.24.1.u1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
NET SALES:    
Total net sales $ 489.5 $ 552.4
Cost of goods sold 473.0 504.3
Gross profit 16.5 48.1
Selling, general and administrative expenses 14.1 13.4
Other operating expense - net 0.5 7.2
Operating income 1.9 27.5
Interest income 0.7 0.3
Net gain (loss) on forward and derivative contracts 7.4 (57.6)
Bargain purchase gain 245.9 0.0
Other loss - net (1.5) (0.3)
Income (loss) before income taxes 245.2 (38.8)
Income tax (expense) benefit (0.5) 0.2
Net income (loss) 244.7 (38.6)
Net loss attributable to noncontrolling interests (2.1) 0.0
Net income (loss) attributable to Century stockholders 246.8 (38.6)
Less: net income allocated to participating securities 13.2 0.0
Net income (loss) allocated to common stockholders $ 233.6 $ (38.6)
INCOME (LOSS) ATTRIBUTABLE TO CENTURY STOCKHOLDERS PER COMMON SHARE:    
Basic (in dollars per share) $ 2.52 $ (0.42)
Diluted (in dollars per share) $ 2.26 $ (0.42)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:    
Basic (in shares) 92.7 92.3
Diluted (in shares) 98.7 92.3
Related Party    
NET SALES:    
Total net sales $ 315.0 $ 412.2
Interest expense (1.8) 0.0
Nonrelated Party    
NET SALES:    
Total net sales 174.5 140.2
Interest expense $ (7.4) $ (8.7)