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Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Statement of Comprehensive Income [Abstract]        
Net sales $ 185,561 $ 363,646 $ 324,363 $ 729,891
Cost of goods sold 157,216 201,496 269,861 392,710
Gross profit 28,345 162,150 54,502 337,181
Research and development 1,196 723 2,388 1,603
Selling and administrative expenses 18,551 18,030 40,702 39,284
Operating income 8,598 143,397 11,412 296,294
Other expense (income), net 455 (563) 1,108 (760)
Interest expense 13,907 9,399 26,713 18,611
Interest income (242) (1,858) (614) (1,956)
(Loss) income before provision (benefit) for income taxes (5,522) 136,419 (15,795) 280,399
Provision (benefit) for income taxes 2,329 21,422 (575) 41,219
Net (loss) income $ (7,851) $ 114,997 $ (15,220) $ 239,180
Basic (loss) income per common share:        
Net (loss) income per share (usd per share) $ (0.03) $ 0.44 $ (0.06) $ 0.92
Weighted average common shares outstanding (shares) 257,003,691 258,845,588 256,935,763 260,719,446
Diluted (loss) income per common share:        
Net (loss) income per share (usd per share) $ (0.03) $ 0.44 $ (0.06) $ 0.92
Weighted average common shares outstanding (shares) 257,003,691 258,845,588 256,935,763 260,734,273
Other comprehensive (loss) income:        
Foreign currency translation adjustments, net of tax of $0, $1, $0 and $2, respectively $ 2,949 $ (18,622) $ 7,572 $ (11,600)
Commodities, interest rate and foreign currency derivatives, net of tax benefit (expense) of $952, $634, $1,905 and $(3,028), respectively (3,596) (4,557) (6,173) 8,406
Other comprehensive (loss) income, net of tax (647) (23,179) 1,399 (3,194)
Comprehensive (loss) income $ (8,498) $ 91,818 $ (13,821) $ 235,986