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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Net sales $ 105,033 $ 121,527 $ 188,444 $ 215,679
Cost of sales 86,012 101,850 166,872 188,684
Gross profit 19,021 19,677 21,572 26,995
Selling, general and administrative expense 8,504 8,366 18,510 15,590
Other income, net (167) (34) (635) (11)
Operating income 10,684 11,345 3,697 11,416
Interest expense, net 12,476 11,315 25,955 22,302
Non-operating other income, net (128) (868) (803) (644)
Income (loss) before benefit for income taxes (1,664) 898 (21,455) (10,242)
Benefit for income taxes (1,299) (5,733) (1,638) (5,333)
Net income (loss) (365) 6,631 (19,817) (4,909)
Dividends on convertible preferred stocks 75 75 150 150
Net loss attributable to common stockholders $ (9,634) $ (1,530) $ (37,972) $ (20,897)
Basic and dilutive net loss per common share $ (0.34) $ (0.05) $ (1.35) $ (0.75)
Series E Preferred Stock [Member]        
Dividends on Series E redeemable preferred stock $ 8,689 $ 7,589 $ 16,996 $ 14,845
Accretion of Series E redeemable preferred stock $ 505 $ 497 $ 1,009 $ 993