Guarantor Information (Tables)

3 Months Ended

Mar. 31, 2016



CONDENSED CONSOLIDATING BALANCE SHEETS
As of December 31, 2015
(in thousands)

							Consolidating
					Non-		Entries and
	Parent		Guarantors		Guarantors		Eliminations			Consolidated
ASSETS
Current Assets:
Cash and cash equivalents	$	—	$	646	$	6,281	$	—		$	6,927
Accounts receivable - affiliates	51,592		9,362		20,823		(81,777		)	—
Accounts receivable - trade	—		20,749		82,066		—			102,815
Inventories	—		123,340		172,122		—			295,462
Prepaid and other current assets	—		8,109		13,565		—			21,674
Total current assets	51,592		162,206		294,857		(81,777		)	426,878

Investment in affiliates	1,068,028		668,113		—		(1,736,141		)	—
Property, plant and equipment	—		291,494		346,039		—			637,533
Deferred income taxes	—		—		15,327		—			15,327
Goodwill	—		72,399		99,660		—			172,059
Notes receivable - affiliate	—		46,074		—		(46,074		)	—
Other assets	—		96,964		73,254		—			170,218
Total Assets	$	1,119,620	$	1,337,250	$	829,137	$	(1,863,992	)	$	1,422,015

LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities:
Accounts payable - affiliate	$	159	$	72,418	$	9,200	$	(81,777	)	$	—
Accounts payable - trade	—		18,546		30,932		—			49,478
Short-term debt	—		4,636		136		—			4,772
Accrued income and other taxes	—		5,864		3,175		—			9,039
Rationalizations	—		995		2,053		—			3,048
Other accrued liabilities	2,444		11,511		15,824		—			29,779
Total current liabilities	2,603		113,970		61,320		(81,777		)	96,116

Long-term debt - affiliate	38,661		—		7,413		(46,074		)	—
Long-term debt - third party	267,827		93,758		870		—			362,455
Other long-term obligations	—		61,246		34,239		—			95,485
Deferred income taxes	—		248		57,182		—			57,430
Stockholders' equity	810,529		1,068,028		668,113		(1,736,141		)	810,529
Total Liabilities and Stockholders' Equity	$	1,119,620	$	1,337,250	$	829,137	$	(1,863,992	)	$	1,422,015



CONDENSED CONSOLIDATING BALANCE SHEETS
As of March 31, 2016
(in thousands)

							Consolidating
					Non-		Entries and
	Parent		Guarantors		Guarantors		Eliminations			Consolidated
ASSETS
Current Assets:
Cash and cash equivalents	$	—	$	1,177	$	8,655	$	—		$	9,832
Accounts receivable - affiliates	51,592		12,055		22,855		(86,502		)	—
Accounts receivable - trade	—		20,260		71,147		—			91,407
Inventories	—		114,633		167,637		—			282,270
Prepaid and other current assets	—		7,387		17,591		—			24,978
Total current assets	51,592		155,512		287,885		(86,502		)	408,487

Investment in affiliates	1,050,838		656,876		—		(1,707,714		)	—
Property, plant and equipment	—		286,386		350,576		—			636,962
Deferred income taxes	—		—		17,151		—			17,151
Goodwill	—		72,399		100,718		—			173,117
Notes receivable - affiliate	—		46,239		—		(46,239		)	—
Other assets	—		92,017		72,806		—			164,823
Total Assets	$	1,102,430	$	1,309,429	$	829,136	$	(1,840,455	)	$	1,400,540

LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities:
Accounts payable - affiliate	$	198	$	74,453	$	11,851	$	(86,502	)	$	—
Accounts payable - trade	—		13,859		33,387		—			47,246
Short-term debt	—		4,636		5,143		—			9,779
Accrued income and other taxes	—		3,045		1,567		—			4,612
Rationalizations	—		638		1,175		—			1,813
Other accrued liabilities	7,225		12,268		17,457		—			36,950
Total current liabilities	7,423		108,899		70,580		(86,502		)	100,400

Long-term debt - affiliate	38,826		—		7,413		(46,239		)	—
Long-term debt - third party	269,390		89,723		925		—			360,038
Other long-term obligations	—		59,720		35,131		—			94,851
Deferred income taxes	—		249		58,211		—			58,460
Stockholders' equity	786,791		1,050,838		656,876		(1,707,714		)	786,791
Total Liabilities and Stockholders' Equity	$	1,102,430	$	1,309,429	$	829,136	$	(1,840,455	)	$	1,400,540

Condensed Consolidating Statements of Income and Comprehensive Income



CONDENSED CONSOLIDATING STATEMENTS OF INCOME AND COMPREHENSIVE INCOME
For the Three Months ended March 31, 2015 (Predecessor)
(in thousands)

										Consolidating
							Non-			Entries and
	Parent			Guarantors			Guarantors			Eliminations				Consolidated

Sales - affiliates	$	—		$	51,184		$	26,775		$	(77,959	)		$	—
Sales - third party	—			72,021			135,190			—				207,211
Net sales	—			123,205			161,965			(77,959		)		207,211
Cost of sales	—			116,589			147,818			(77,959		)		186,448
Gross profit	—			6,616			14,147			—				20,763

Research and development	—			2,431			—			—				2,431
Selling and administrative expenses	—			14,441			11,849			—				26,290
Impairments	—			35,381			—			—				35,381
Rationalizations	—			326			2,168			—				2,494
Operating (loss) income	—			(45,963		)	130			—				(45,833		)

Other expense (income), net	—			309			84			—				393
Interest expense - affiliate	—			160			—			(160		)		—
Interest expense - third party	8,162			665			94			—				8,921
Interest income - affiliate	(160		)	—			—			160				—
Interest income - third party	—			—			(73		)	—				(73		)
(Loss) income before income taxes	(8,002		)	(47,097		)	25			—			`	(55,074		)

Provision for income taxes	—			351			183			—				534
Equity in loss of subsidiary	(47,606		)	(158		)	—			47,764				—
Net (loss) income	$	(55,608	)	$	(47,606	)	$	(158	)	$	47,764			$	(55,608	)

Statements of Comprehensive Income

Net (loss) income	$	(55,608	)	$	(47,606	)	$	(158	)	$	47,764			$	(55,608	)
Other comprehensive (loss) income	(28,766		)	(28,766		)	(28,830		)	57,596				(28,766		)
Comprehensive (loss) income	$	(84,374	)	$	(76,372	)	$	(28,988	)	$	105,360			$	(84,374	)

Condensed Consolidating Statements of Cash Flows



CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
For the Three Months Ended March 31, 2015 (Predecessor)
(in thousands)
										Consolidating
							Non-			Entries and
	Parent			Guarantors			Guarantors			Eliminations			Consolidated
Net cash provided by (used in) operating activities:	$	1,136		$	17,731		$	3,851		$	—		$	22,718

Cash flow from investing activities:
Repayments from (loans to) affiliates	(1,095		)	—			—			1,095			—
Capital expenditures	—			(8,777		)	(4,824		)	—			(13,601		)
Payments for derivative instruments	—			(6,776		)	(827		)	—			(7,603		)
Proceeds from sale of fixed assets	—			394			127						521
Net cash provided by (used in) investing activities	(1,095		)	(15,159		)	(5,524		)	1,095			(20,683		)

Cash flow from financing activities:
(Repayments to) loans from affiliates	—			1,095			—			(1,095		)	—
Short-term debt borrowings	—			1			—			—			1
Revolving Facility borrowings	—			27,000			—			—			27,000
Revolving Facility reductions	—			(32,000		)	—			—			(32,000		)
Principal payments on long term debt	—			(33		)	—			—			(33		)
Purchase of treasury shares	(41		)	—			—			—			(41		)
Revolver facility refinancing	—			(2,247		)	—			—			(2,247		)
Other	—			(54		)	—			—			(54		)
Net cash provided by (used in) financing activities	(41		)	(6,238		)	—			(1,095		)	(7,374		)

Net change in cash and cash equivalents	—			(3,666		)	(1,673		)	—			(5,339		)
Effect of exchange rate changes on cash and cash equivalents	—			—			(1,250		)	—			(1,250		)
Cash and cash equivalents at beginning of period	—			5,503			12,047			—			17,550
Cash and cash equivalents at end of period	$	—		$	1,837		$	9,124		$	—		$	10,961