Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.24.0.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Income Statement [Abstract]      
Net sales $ 1,222,940 $ 1,335,621 $ 1,207,892
Cost of goods sold 1,207,287 1,363,171 1,140,108
Gross profit (loss) 15,653 (27,550) 67,784
Selling, general and administrative expenses (32,664) (31,579) (29,185)
Gain (loss) on sale (disposal) of assets (293) (2,230) 4,571
Asset impairments (6,544) (3,100)
Income (loss) from operations (23,848) (61,359) 40,070
Income from cash grant 2,812 22,652
Income from loan forgiveness 9,860
Interest expense, net (7,425) (1,827) (3,587)
Other income, net 553 862 1,208
Income (loss) before provision for income taxes (27,908) (39,672) 47,551
Provision for income taxes 97 1,925 1,469
Consolidated net income (loss) (28,005) (41,597) 46,082
Preferred stock dividends (1,265) (1,265) (1,265)
Income allocated to participating securities (600)
Income (loss) available to common stockholders $ (29,270) $ (42,862) $ 44,217
Income (loss) per share, basic (in Dollars per share) $ (0.4) $ (0.6) $ 0.62
Income (loss) per share, diluted (in Dollars per share) $ (0.4) $ (0.6) $ 0.61
Weighted-average shares outstanding, basic (in Shares) 73,339,000 71,944,000 71,098,000
Weighted-average shares outstanding, diluted (in Shares) 73,339,000 71,944,000 72,219,000