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Consolidated statements of operations and comprehensive income (loss) - USD ($)
$ in Thousands
5 Months Ended 7 Months Ended 12 Months Ended
Dec. 31, 2015
Aug. 14, 2015
Dec. 31, 2017
Dec. 31, 2016
Net sales $ 193,133   $ 550,771 $ 437,963
Cost of sales 180,845   463,054 468,202
Additions to lower of cost or market inventory reserve     1,509 18,974
Gross profit 12,288   87,923 (29,027)
Research and development 1,083   3,456 2,534
Selling and administrative expenses 23,768   52,506 58,515
Impairment of longlived assets and goodwill       2,843
Operating loss (12,563)   35,493 (92,053)
Other expense (income), net (813)   (2,104) (4,266)
Interest expense 9,999   30,823 26,914
Interest income (6)   (395) (358)
Loss from continuing operations before provision for income taxes (21,743)   3,431 (116,421)
Provision for (benefit from) income taxes 6,882   (10,781) (7,552)
Net income (loss) from continuing operations (28,625)   14,212 (108,869)
Loss from discontinued operations, net of tax [1] (4,926)   (6,229) (126,974)
Net loss $ (33,551)   $ 7,983 $ (235,843)
Net income (loss) per share (usd per share) $ (0.11)   $ 0.03 $ (0.78)
Income (loss) from continuing operations per common share (usd per share) $ (0.09)   $ 0.05 $ (0.36)
Weighted average common shares outstanding (shares) 302,225,923   302,225,923 302,225,923
STATEMENTS OF COMPREHENSIVE INCOME (LOSS)        
Net income (loss) $ (33,551)   $ 7,983 $ (235,843)
Foreign currency translation adjustments (10,133)   23,028 2,574
Commodities and foreign currency derivatives and other, net of tax of $0, ($20), $21 and ($68), respectively (124)   4,819 125
Other comprehensive (loss) income, net of tax (10,257)   27,847 2,699
Comprehensive loss $ (43,808)   $ 35,830 $ (233,144)
Predecessor [Member]        
Net sales   $ 339,907    
Cost of sales   305,001    
Gross profit   34,906    
Research and development   3,377    
Selling and administrative expenses   64,397    
Impairment of longlived assets and goodwill   35,381    
Operating loss   (68,249)    
Other expense (income), net   1,421    
Interest expense   26,211    
Interest income   (363)    
Loss from continuing operations before provision for income taxes   (95,518)    
Provision for (benefit from) income taxes   6,452    
Net income (loss) from continuing operations   (101,970)    
Loss from discontinued operations, net of tax [1]   (18,679)    
Net loss   $ (120,649)    
Net income (loss) per share (usd per share)   $ (0.88)    
Income (loss) from continuing operations per common share (usd per share)   $ (0.74)    
Weighted average common shares outstanding (shares)   137,152,430    
STATEMENTS OF COMPREHENSIVE INCOME (LOSS)        
Net income (loss)   $ (120,649)    
Foreign currency translation adjustments   (27,936)    
Commodities and foreign currency derivatives and other, net of tax of $0, ($20), $21 and ($68), respectively   1,262    
Other comprehensive (loss) income, net of tax   (26,674)    
Comprehensive loss   $ (147,323)    
[1] Loss on discontinued operations includes a pretax impairment charge of $119,907 in the year ended December 31, 2016. See Note 3 “Discontinued Operations and Related Assets Held for Sale”