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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
NET SALES:        
Total net sales $ 560.8 $ 575.5 $ 1,050.3 $ 1,127.9
Cost of goods sold 540.4 559.6 1,013.4 1,063.9
Gross profit 20.4 15.9 36.9 64.0
Selling, general and administrative expenses 12.3 12.0 26.4 25.4
Other operating expense - net 1.7 4.6 2.2 11.8
Operating income (loss) 6.4 (0.7) 8.3 26.8
Interest expense (10.3) (8.7) (19.5) (17.4)
Interest income 0.6 0.4 1.3 0.7
Net gain (loss) on forward and derivative contracts (4.0) 9.1 3.4 (48.5)
Bargain purchase gain 0.0 0.0 245.9 0.0
Other income (loss) - net 1.1 (3.5) (0.4) (3.8)
Income (loss) before income taxes (6.2) (3.4) 239.0 (42.2)
Income tax (expense) benefit (0.5) 10.0 (1.0) 10.2
Net income (loss) (6.7) 6.6 238.0 (32.0)
Net loss attributable to noncontrolling interests (4.2) (0.9) (6.3) (0.9)
Net income (loss) attributable to Century stockholders (2.5) 7.5 244.3 (31.1)
Less: net income allocated to participating securities 0.0 0.4 13.0 0.0
Net income (loss) allocated to common stockholders $ (2.5) $ 7.1 $ 231.3 $ (31.1)
NET INCOME (LOSS) ATTRIBUTABLE TO CENTURY STOCKHOLDERS PER COMMON SHARE:        
Basic (in dollars per share) $ (0.03) $ 0.08 $ 2.50 $ (0.34)
Diluted (in dollars per share) $ (0.03) $ 0.07 $ 2.24 $ (0.34)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:        
Basic (in shares) 92.7 92.3 92.7 92.3
Diluted (in shares) 92.7 93.2 98.8 92.3
Related Party        
NET SALES:        
Total net sales $ 324.2 $ 427.2 $ 639.2 $ 839.4
Nonrelated Party        
NET SALES:        
Total net sales $ 236.6 $ 148.3 $ 411.1 $ 288.5