XML 12 R4.htm IDEA: XBRL DOCUMENT v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Income Statement [Abstract]        
Net sales $ 276,245 $ 309,817 $ 612,402 $ 603,863
Cost of sales 296,591 313,562 638,330 613,057
Startup and transition costs 8,662 20,678 17,032 42,907
Total cost of goods sold 305,253 334,240 655,362 655,964
Gross loss (29,008) (24,423) (42,960) (52,101)
General and administrative expenses 4,551 9,211 10,470 17,614
Loss on sale of assets and asset impairments 5,734 3,083 8,283 4,918
Restructuring charges, net 113 298 485 480
Loss from continuing operations (39,406) (37,015) (62,198) (75,113)
Other income (expense):        
Interest expense, net (24,618) (22,428) (48,822) (43,811)
Foreign currency (loss) income (4,817) 132 (7,158) (499)
Miscellaneous (expense) income (414) 227 1,050 2,702
Total other expense (29,849) (22,069) (54,930) (41,608)
Loss from continuing operations before income taxes (69,255) (59,084) (117,128) (116,721)
Income tax benefit (provision) 680 (2,412) 262 (5,654)
Net loss from continuing operations (68,575) (61,496) (116,866) (122,375)
Net income (loss) from discontinued operations 348 (29,593) 326 (30,182)
Net loss attributable to common stockholders $ (68,227) $ (91,089) $ (116,540) $ (152,557)
Weighted-average shares of common stock outstanding:        
Basic 48,685 47,504 48,343 47,354
Diluted 48,685 47,504 48,343 47,354
Net loss from continuing operations per common share:        
Basic $ (1.41) $ (1.3) $ (2.42) $ (2.58)
Diluted (1.41) (1.3) (2.42) (2.58)
Net loss from discontinued operations per common share:        
Basic 0.01 (0.62) 0.01 (0.64)
Diluted 0.01 (0.62) 0.01 (0.64)
Net loss per common share:        
Basic (1.4) (1.92) (2.41) (3.22)
Diluted $ (1.4) $ (1.92) $ (2.41) $ (3.22)