Supplemental Guarantor Information (Tables)

3 Months Ended

Mar. 31, 2014

Schedule of Condensed Balance Sheet [Table Text Block]



CONDENSED CONSOLIDATING BALANCE SHEETS
As of December 31, 2013
(in thousands)

							Consolidating
					Non-		Entries and
	Parent		Guarantors		Guarantors		Eliminations			Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	—	$	4,752	$	7,136	$	—		$	11,888
Accounts receivable - affiliates	42,410		28,551		15,824		(86,785		)	—
Accounts receivable - trade	—		48,998		150,568		—			199,566
Inventories	—		174,935		315,479		—			490,414
Prepaid and other current assets	—		22,555		51,235		—			73,790
Total current assets	42,410		279,791		540,242		(86,785		)	775,658

Investment in affiliates	1,709,914		828,012		—		(2,537,926		)	—
Property, plant and equipment	—		540,273		280,712		—			820,985
Deferred income taxes	—		—		10,334		—			10,334
Goodwill	—		293,162		203,648		—			496,810
Notes receivable - affiliate	51,090		7,413		—		(58,503		)	—
Other assets	4,752		53,447		55,862		—			114,061
Total assets	$	1,808,166	$	2,002,098	$	1,090,798	$	(2,683,214	)	$	2,217,848

LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable - affiliate	$	—	$	58,206	$	28,579	$	(86,785	)	$	—
Accounts payable - trade	—		41,971		73,241		—			115,212
Short-term debt	—		165		996		—			1,161
Accrued income and other taxes	2,678		4,736		23,273		—			30,687
Rationalizations	—		1,890		16,531		—			18,421
Supply chain financing liability	—		—		9,455		—			9,455
Other accrued liabilities	2,444		12,404		26,091		—			40,939
Total current liabilities	5,122		119,372		178,166		(86,785		)	215,875

Long-term debt - affiliate	—		51,090		7,413		(58,503		)	—
Long-term debt - third party	475,675		50,525		15,393		—			541,593
Other long-term obligations	—		66,590		31,357		—			97,947
Deferred income taxes	6,620		4,607		30,457		—			41,684
Stockholders' equity	1,320,749		1,709,914		828,012		(2,537,926		)	1,320,749
Total liabilities and stockholders' equity	$	1,808,166	$	2,002,098	$	1,090,798	$	(2,683,214	)	$	2,217,848



CONDENSED CONSOLIDATING BALANCE SHEETS
As of March 31, 2014
(in thousands)

							Consolidating
					Non-		Entries and
	Parent		Guarantors		Guarantors		Eliminations			Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	—	$	5,782	$	11,542	$	—		$	17,324
Accounts receivable - affiliates	43,730		25,271		23,489		(92,490		)	—
Accounts receivable - trade	—		57,341		148,344		—			205,685
Inventories	—		182,594		308,681		—			491,275
Prepaid and other current assets	—		25,118		56,163		—			81,281
Total current assets	43,730		296,106		548,219		(92,490		)	795,565

Investment in affiliates	1,706,171		809,466		—		(2,515,637		)	—
Property, plant and equipment	—		537,165		261,214		—			798,379
Deferred income taxes	—		—		10,117		—			10,117
Goodwill	—		293,162		203,639		—			496,801
Notes receivable - affiliate	52,445		7,413				(59,858		)	—
Other assets	4,600		50,306		53,723		—			108,629
Total assets	$	1,806,946	$	1,993,618	$	1,076,912	$	(2,667,985	)	$	2,209,491

LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable - affiliate	—		67,470		25,020		(92,490		)	—
Accounts payable - trade	17		47,017		71,831		—			118,865
Short-term debt	—		154		14		—			168
Accrued income and other taxes	600		—		25,717		—			26,317
Rationalizations			1,314		8,696					10,010
Other accrued liabilities	7,225		13,231		25,879		—			46,335
Total current liabilities	7,842		129,186		157,157		(92,490		)	201,695

Long-term debt - affiliate	—		52,445		7,413		(59,858		)	—
Long-term debt - third party	478,672		34,492		41,348		—			554,512
Other long-term obligations	—		65,300		31,440		—			96,740
Deferred income taxes	6,620		6,024		30,088		—			42,732
Stockholders' equity	1,313,812		1,706,171		809,466		(2,515,637		)	1,313,812
Total liabilities and stockholders' equity	$	1,806,946	$	1,993,618	$	1,076,912	$	(2,667,985	)	$	2,209,491

Schedule of Condensed Income Statement [Table Text Block]



CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME
For the three months ended March 31, 2013
(in thousands)

										Consolidating
							Non-			Entries and
	Parent			Guarantors			Guarantors			Eliminations				Consolidated

Sales - affiliates	$	—		$	45,267		$	36,152		$	(81,419	)		$	—
Sales - third party	—			98,196			155,531			—				253,727
Net sales	—			143,463			191,683			(81,419		)		253,727
Cost of sales	—			122,826			163,770			(81,419		)		205,177
Gross profit	—			20,637			27,913			—				48,550
Research and development	—			3,093			—			—				3,093
Selling and administrative expenses	—			12,494			17,219			—				29,713
Operating income	—			5,050			10,694			—				15,744

Other expense, net	—			43			507			—				550
Interest expense - affiliate	—			399			188			(587		)		—
Interest expense - third party	7,745			805			458			—				9,008
Interest income - affiliate	(364		)	(188		)	(35		)	587				—
Interest income - third party	—			—			(64		)	—				(64		)
(Loss) income before income taxes	(7,381		)	3,991			9,640			—			`	6,250

(Benefit) provision for income taxes	(2,620		)	1,443			3,217			—				2,040
Equity in earnings of subsidiary	8,971			6,423			—			(15,394		)		—
Net income (loss)	$	4,210		$	8,971		$	6,423		$	(15,394	)		$	4,210

Statements of Comprehensive Income

Net income (loss)	$	4,210		$	8,971		$	6,423		$	(15,394	)		$	4,210
Other comprehensive (loss) income	(3,776		)	(3,776		)	(4,351		)	8,127				(3,776		)
Comprehensive (loss) income	$	434		$	5,195		$	2,072		$	(7,267	)		$	434



CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME
For the three months ended March 31, 2014
(in thousands)

										Consolidating
							Non-			Entries and
	Parent			Guarantors			Guarantors			Eliminations				Consolidated

Sales - affiliates	$	—		$	70,357		$	35,207		$	(105,564	)		$	—
Sales - third party	—			111,124			169,667			—				280,791
Net sales	—			181,481			204,874			(105,564		)		280,791
Cost of sales	—			157,029			203,632			(105,564		)		255,097
Gross profit	—			24,452			1,242			—				25,694
Research and development	—			2,770			—			—				2,770
Selling and administrative expenses	—			9,867			20,040			—				29,907
Rationalizations	—			36			50			—				86
Operating income (loss)	—			11,779			(18,848		)	—				(7,069		)

Other expense (income), net	—			824			(30		)	—				794
Interest expense - affiliate	—			226			—			(226		)		—
Interest expense - third party	7,952			740			307			—				8,999
Interest income - affiliate	(226		)	—			—			226				—
Interest income - third party	—			—			(58		)	—				(58		)
(Loss) income before income taxes	(7,726		)	9,989			(19,067		)	—			`	(16,804		)

(Benefit) provision for income taxes	(2,781		)	4,552			(7,058		)	—				(5,287		)
Equity in losses of subsidiary	(6,572		)	(12,009		)	—			18,581				—
Net (loss) income	$	(11,517	)	$	(6,572	)	$	(12,009	)	$	18,581			$	(11,517	)

Statements of Comprehensive Income

Net income (loss)	$	(11,517	)	$	(6,572	)	$	(12,009	)	$	18,581			$	(11,517	)
Other comprehensive income (loss)	2,072			2,072			2,477			(4,549		)		2,072
Comprehensive (loss) income	$	(9,445	)	$	(4,500	)	$	(9,532	)	$	14,032			$	(9,445	)

Schedule of Condensed Cash Flow Statement [Table Text Block]



CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
For the three months ended March 31, 2013
(in thousands)
										Consolidating
							Non-			Entries and
	Parent			Guarantors			Guarantors			Eliminations			Consolidated
Net cash provided by operating activities:	$	455		$	14,863		$	2,681		$	—		$	17,999

Cash flow from investing activities:
(Loans to) repayments from affiliates	(60		)	—			—			60			—
Capital expenditures	—			(10,003		)	(3,153		)	—			(13,156		)
Proceeds from derivative instruments	—			495			1,686			—			2,181
Net cash (used in) provided by investing activities	(60		)	(9,508		)	(1,467		)	60			(10,975		)

Cash flow from financing activities:
Loans from (repayments to) affiliates	—			60			—			(60		)	—
Short-term debt borrowings	—			2			(6,326		)	—			(6,324		)
Revolving Facility borrowings	—			26,000			40,000			—			66,000
Revolving Facility reductions	—			(32,500		)	(20,000		)	—			(52,500		)
Principal payments on long term debt	—			(44		)	(55		)	—			(99		)
Supply chain financing	—			—			(14,304		)	—			(14,304		)
Proceeds from exercise of stock options	132			—			—			—			132
Purchase of treasury shares	(181		)	—			—			—			(181		)
Other	(346		)	(15		)	(5,286		)	—			(5,647		)
Net cash used in financing activities	(395		)	(6,497		)	(5,971		)	(60		)	(12,923		)

Net (decrease) increase in cash and cash equivalents	—			(1,142		)	(4,757		)	—			(5,899		)
Effect of exchange rate changes on cash and cash equivalents	—			—			(114		)	—			(114		)
Cash and cash equivalents at beginning of period	—			4,425			12,892			—			17,317
Cash and cash equivalents at end of period	$	—		$	3,283		$	8,021		$	—		$	11,304



CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
For the three months ended March 31, 2014
(in thousands)
										Consolidating
							Non-			Entries and
	Parent			Guarantors			Guarantors			Eliminations			Consolidated
Net cash provided by (used in) operating activities:	$	496		$	31,748		$	(10,154	)	$	—		$	22,090

Cash flow from investing activities:
Loans to affiliates	(1,355		)	—			—			1,355			—
Capital expenditures	—			(16,486		)	(5,242		)	—			(21,728		)
Payments for derivatives	—			(258		)	(109		)	—			(367		)
Proceeds from sale of assets	—			714			1,181			—			1,895
Insurance recoveries	—			—			3,057			—			3,057
Net cash (used in) provided by investing activities	(1,355		)	(16,030		)	(1,113		)	1,355			(17,143		)

Cash flow from financing activities:
Repayments to affiliates	—			1,355			—			(1,355		)	—
Short-term debt borrowings	—			(11		)	(983		)	—			(994		)
Revolving Facility borrowings	—			30,000			45,000			—			75,000
Revolving Facility reductions	—			(46,000		)	(19,000		)	—			(65,000		)
Principal payments on long term debt	—			(32		)	(60		)	—			(92		)
Supply chain financing	—			—			(9,455		)	—			(9,455		)
Proceeds from exercise of stock options	82			—			—			—			82
Purchase of treasury shares	(141		)	—			—			—			(141		)
Other	918			—			—			—			918
Net cash provided by (used in) financing activities	859			(14,688		)	15,502			(1,355		)	318

Net increase in cash and cash equivalents	—			1,030			4,235			—			5,265
Effect of exchange rate changes on cash and cash equivalents	—			—			171			—			171
Cash and cash equivalents at beginning of period	—			4,752			7,136			—			11,888
Cash and cash equivalents at end of period	$	—		$	5,782		$	11,542		$	—		$	17,324