XML 35 R31.htm IDEA: XBRL DOCUMENT v3.2.0.727
Segments (Tables)
6 Months Ended
Jun. 30, 2015
Segment Reporting [Abstract]  
Reconciliation from Segment Totals to Consolidated [Table Text Block]
 
Three months ended June 30,
 
Six months ended June 30,
(dollars in thousands)
2015
 
2014
 
2015
 
2014
Net Sales:
 
 
 
 
 
 
 
Americas
$
149,491

 
$
154,450

 
$
277,863

 
$
276,375

EMEA
32,126

 
39,331

 
60,635

 
73,729

U.S. Sourcing
22,558

 
21,396

 
43,957

 
39,130

Other
9,876

 
8,359

 
18,961

 
15,883

Consolidated
$
214,051

 
$
223,536

 
$
401,416

 
$
405,117

 
 
 
 
 
 
 
 
Segment EBIT:
 
 
 
 
 
 
 
Americas
$
28,557

 
$
32,986

 
$
44,880

 
$
47,975

EMEA
1,786

 
1,910

 
1,020

 
2,163

U.S. Sourcing
1,761

 
2,301

 
3,386

 
3,169

Other
1,076

 
869

 
2,946

 
1,314

Total Segment EBIT
$
33,180

 
$
38,066

 
$
52,232

 
$
54,621

 
 
 
 
 
 
 
 
Reconciliation of Segment EBIT to Net Income (Loss):
 
 
 
 
 
 
 
Segment EBIT
$
33,180

 
$
38,066

 
$
52,232

 
$
54,621

Retained corporate costs
(9,162
)
 
(7,627
)
 
(18,657
)
 
(14,822
)
Loss on redemption of debt (note 4)

 
(47,191
)
 

 
(47,191
)
Furnace malfunction (note 14)

 
(576
)
 

 
(5,882
)
Environmental Obligation (note 14)
(223
)
 

 
(223
)
 

Reorganization charges (1)
(3,015
)
 

 
(3,015
)
 

Restructuring charges (note 5)

 

 

 
(985
)
Derivatives (2)
566

 

 
167

 
70

Executive retirement

 

 
(235
)
 

Interest expense
(4,538
)
 
(5,486
)
 
(9,061
)
 
(13,187
)
Income taxes
(2,414
)
 
(2,354
)
 
(3,702
)
 
(1,176
)
Net income (loss)
$
14,394

 
$
(25,168
)
 
$
17,506

 
$
(28,552
)
 
 
 
 
 
 
 
 
Depreciation & Amortization:
 
 
 
 
 
 
 
Americas
$
6,411

 
$
5,851

 
$
12,482

 
$
11,810

EMEA
2,137

 
2,738

 
4,314

 
5,364

U.S. Sourcing
6

 
7

 
12

 
14

Other
1,481

 
1,628

 
2,972

 
3,272

Corporate
434

 
368

 
873

 
808

Consolidated
$
10,469

 
$
10,592

 
$
20,653

 
$
21,268

 
 
 
 
 
 
 
 
Capital Expenditures:
 
 
 
 
 
 
 
Americas
$
14,260

 
$
9,663

 
$
28,778

 
$
16,795

EMEA
1,338

 
1,717

 
2,775

 
3,278

U.S. Sourcing

 

 

 

Other
357

 
320

 
540

 
892

Corporate
622

 
234

 
1,143

 
870

Consolidated
$
16,577

 
$
11,934

 
$
33,236

 
$
21,835



(1) Management reorganization to support our growth strategy.
(2) Derivatives relate to hedge ineffectiveness on our natural gas contracts and interest rate swap, as well as, mark-to-market adjustments on our natural gas contracts that have been de-designated and those for which we did not elect hedge accounting.