United states

SUMMARY CONSOLIDATED FINANCIAL AND OTHER DATA

We have derived the summary consolidated statements of operations data for the three months ended March 31, 2017 and 2016 and the consolidated balance sheet data as of March 31, 2017 from our unaudited interim condensed consolidated financial statements included elsewhere in this prospectus. The unaudited interim condensed consolidated financial statements were prepared on a basis consistent with our audited financial statements and include, in the opinion of management, all adjustments, consisting only of a normal recurring nature, that are necessary for a fair presentation of the financial information set forth in those statements. We have derived the summary consolidated statements of operations data for the years ended December 31, 2016, 2015 and 2014 and the summary consolidated balance sheet data as of December 31, 2016 from our audited consolidated financial statements included elsewhere in this prospectus. Our historical results are not necessarily indicative of the results that may be expected in the future. The following summary consolidated financial and other data should be read in conjunction with “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and our consolidated financial statements and related notes included elsewhere in this prospectus.

 

		Three Months Ended March 31,								Year Ended December 31,
		2017				2016				2016				2015				2014
		(unaudited)
		(in thousands, except per share data)
Consolidated Statements of Operations Data:
Net sales		$	191,602			$	176,110			$	754,877			$	585,852			$	320,747
Cost of sales			167,423				159,866				659,745				528,247				289,528
Startup and transition costs			6,159				3,306				18,127				15,860				16,567
Total cost of goods sold			173,582				163,172				677,872				544,107				306,095
Gross profit			18,020				12,938				77,005				41,745				14,652
General and administrative expenses			8,306				4,749				33,892				14,126				9,175
Income from operations			9,714				8,189				43,113				27,619				5,477
Other income (expense):
Interest income			19				21				344				161				186
Interest expense			(3,026	)			(3,912	)			(17,614	)			(14,565	)			(7,236	)
Loss on extinguishment of debt			—				—				(4,487	)			—				(2,946	)
Realized loss on foreign currency remeasurement			(1,381	)			(439	)			(757	)			(1,802	)			(1,743	)
Miscellaneous income			320				190				238				246				539
Total other expense			(4,068	)			(4,140	)			(22,276	)			(15,960	)			(11,200	)
Income (loss) before income taxes			5,646				4,049				20,837				11,659				(5,723	)
Income tax provision			(2,101	)			(2,303	)			(6,995	)			(3,977	)			(925	)
Net income (loss)			3,545				1,746				13,842				7,682				(6,648	)
Net income attributable to preferred shareholders (1)			—				2,437				5,471				9,423				13,930
Net income (loss) attributable to common shareholders		$	3,545			$	(691	)		$	8,371			$	(1,741	)		$	(20,578	)
Weighted-average common shares outstanding:
Basic (2)			33,737				4,238				17,530				4,238				4,238
Diluted (2)			33,827				4,238				17,616				4,238				4,238
Net income (loss) per common share:
Basic		$	0.11			$	(0.16	)		$	0.48			$	(0.41	)		$	(4.86	)
Diluted		$	0.10			$	(0.16	)		$	0.48			$	(0.41	)		$	(4.86	)