XML 99 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements Of Income And Comprehensive Income (USD $)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Statement of Comprehensive Income [Abstract]      
Net sales $ 1,085,304,000us-gaap_SalesRevenueNet $ 1,166,674,000us-gaap_SalesRevenueNet $ 1,248,264,000us-gaap_SalesRevenueNet
Cost of sales 993,057,000us-gaap_CostOfGoodsAndServicesSold 1,027,608,000us-gaap_CostOfGoodsAndServicesSold 932,460,000us-gaap_CostOfGoodsAndServicesSold
Gross profit 92,247,000us-gaap_GrossProfit 139,066,000us-gaap_GrossProfit 315,804,000us-gaap_GrossProfit
Research and development 14,844,000us-gaap_ResearchAndDevelopmentExpense 10,437,000us-gaap_ResearchAndDevelopmentExpense 13,796,000us-gaap_ResearchAndDevelopmentExpense
Selling and administrative expenses 124,178,000us-gaap_SellingGeneralAndAdministrativeExpense 111,043,000us-gaap_SellingGeneralAndAdministrativeExpense 145,540,000us-gaap_SellingGeneralAndAdministrativeExpense
Impairment of long-lived assets and goodwill 197,220,000us-gaap_ImpairmentOfLongLivedAssetsHeldForUse 0us-gaap_ImpairmentOfLongLivedAssetsHeldForUse 0us-gaap_ImpairmentOfLongLivedAssetsHeldForUse
Rationalizations 11,625,000us-gaap_RestructuringAndRelatedCostIncurredCost 20,156,000us-gaap_RestructuringAndRelatedCostIncurredCost 0us-gaap_RestructuringAndRelatedCostIncurredCost
Operating income (loss) (255,620,000)us-gaap_OperatingIncomeLoss (2,570,000)us-gaap_OperatingIncomeLoss 156,468,000us-gaap_OperatingIncomeLoss
Other (income) expense, net 2,445,000us-gaap_OtherNonoperatingIncomeExpense 1,698,000us-gaap_OtherNonoperatingIncomeExpense (1,005,000)us-gaap_OtherNonoperatingIncomeExpense
Interest expense 37,057,000us-gaap_InterestExpense 36,037,000us-gaap_InterestExpense 23,247,000us-gaap_InterestExpense
Interest income (330,000)us-gaap_InvestmentIncomeInterest (203,000)us-gaap_InvestmentIncomeInterest (261,000)us-gaap_InvestmentIncomeInterest
Income before income taxes (294,792,000)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest (40,102,000)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 134,487,000us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Provision (benefit) for income taxes (9,416,000)us-gaap_IncomeTaxExpenseBenefit (12,843,000)us-gaap_IncomeTaxExpenseBenefit 16,846,000us-gaap_IncomeTaxExpenseBenefit
Net income (loss) (285,376,000)us-gaap_NetIncomeLoss (27,259,000)us-gaap_NetIncomeLoss 117,641,000us-gaap_NetIncomeLoss
Basic income (loss) per common share:      
Net income (loss) per share $ (2.10)us-gaap_EarningsPerShareBasic $ (0.20)us-gaap_EarningsPerShareBasic $ 0.85us-gaap_EarningsPerShareBasic
Weighted average common shares outstanding 136,155,295us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 135,067,278us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 138,551,804us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Diluted income (loss) per common share:      
Net income (loss) per share $ (2.10)us-gaap_EarningsPerShareDiluted $ (0.20)us-gaap_EarningsPerShareDiluted $ 0.84us-gaap_EarningsPerShareDiluted
Weighted average common shares outstanding 136,155,295us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 135,067,278us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 139,700,104us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
STATEMENTS OF COMPREHENSIVE INCOME (LOSS)      
Net income (loss) (285,376,000)us-gaap_NetIncomeLoss (27,259,000)us-gaap_NetIncomeLoss 117,641,000us-gaap_NetIncomeLoss
Foreign currency translation adjustments (33,041,000)us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax (13,981,000)us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax (9,929,000)us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
Commodities and foreign currency derivatives and other, net of tax of $2,327, ($300) and $(63), respectively (10,859,000)us-gaap_OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax 2,035,000us-gaap_OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax (8,812,000)us-gaap_OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
Other comprehensive loss, net of tax: (43,900,000)us-gaap_OtherComprehensiveIncomeLossNetOfTax (11,946,000)us-gaap_OtherComprehensiveIncomeLossNetOfTax (18,741,000)us-gaap_OtherComprehensiveIncomeLossNetOfTax
Comprehensive income (loss) $ (329,276,000)us-gaap_ComprehensiveIncomeNetOfTax $ (39,205,000)us-gaap_ComprehensiveIncomeNetOfTax $ 98,900,000us-gaap_ComprehensiveIncomeNetOfTax