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Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Statement of Comprehensive Income [Abstract]        
Net sales $ 131,840 $ 137,327 $ 243,679 $ 273,911
Cost of goods sold 129,885 131,970 240,650 267,174
Lower of cost or market inventory valuation adjustment 1,893 1,381 4,676 4,073
Gross profit (loss) 62 3,976 (1,647) 2,664
Research and development 1,348 1,447 3,227 3,074
Selling and administrative expenses 13,267 5,098 27,889 20,375
Rationalization expenses 0 110 0 3,255
Operating loss (14,553) (2,679) (32,763) (24,040)
Other income, net (2,426) (1,091) (1,979) (1,484)
Interest expense 25,418 15,609 55,259 31,235
Interest income (1,866) (1,853) (3,801) (3,377)
Loss before income taxes (35,679) (15,344) (82,242) (50,414)
Income tax expense (benefit) 51,207 (592) 43,995 (4,793)
Net loss $ (86,886) $ (14,752) $ (126,237) $ (45,621)
Basic loss per common share:        
Net (loss) income per share (usd per share) $ (0.34) $ (0.06) $ (0.49) $ (0.18)
Weighted average common shares outstanding (shares) 259,183,478 257,772,069 258,779,643 257,587,613
Diluted loss per common share:        
Net (loss) income per share (usd per share) $ (0.34) $ (0.06) $ (0.49) $ (0.18)
Weighted average common shares outstanding (shares) 259,183,478 257,772,069 258,779,643 257,587,613
Other comprehensive (loss) income:        
Foreign currency translation adjustments, net of tax of $0, $0, $0 and $45, respectively $ 21,981 $ (6,240) $ 34,577 $ (12,712)
Commodities, interest rate and foreign currency derivatives, net of tax benefit of $5, $573, $12 and $1,725, respectively (32) (1,948) (82) (6,201)
Other comprehensive income (loss), net of tax 21,949 (8,188) 34,495 (18,913)
Comprehensive loss $ (64,937) $ (22,940) $ (91,742) $ (64,534)