XML 16 R4.htm IDEA: XBRL DOCUMENT v3.21.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Net sales $ 127,199 $ 73,969 $ 366,011 $ 262,413
Cost of sales 109,752 75,028 305,496 241,900
Gross profit (loss) 17,447 (1,059) 60,515 20,513
Selling, general and administrative expense 11,600 7,068 28,938 25,578
Other expense, net 474 875 217 240
Operating income (loss) 5,373 (9,002) 31,360 (5,305)
Interest expense, net 12,956 12,554 37,618 38,509
Gain on extinguishment of debt     (10,000)  
Non-operating other expense (income), net 1,326 216 2,466 (587)
Income (loss) before provision (benefit) for income taxes (8,909) (21,772) 1,276 (43,227)
Provision (benefit) for income taxes 19 (1,370) (187) (3,008)
Net income (loss) (8,928) (20,402) 1,463 (40,219)
Dividends on convertible preferred stocks 75 75 225 225
Deemed dividend on Series E and Series F redeemable preferred stocks 231,812   231,812  
Net loss attributable to common stockholders $ (251,504) $ (29,874) $ (262,011) $ (67,846)
Basic and dilutive net loss per common share $ (6.39) $ (0.81) $ (6.94) $ (1.85)
Series E Preferred Stock [Member]        
Dividends on Series E redeemable preferred stock $ 10,190 $ 8,889 $ 29,914 $ 25,885
Accretion of Series E redeemable preferred stock $ 499 $ 508 $ 1,523 $ 1,517