2014 Q4 Form 10-K Financial Statement

#000093114815000007 Filed on March 02, 2015

View on sec.gov

Income Statement

Concept 2014 Q4 2014 2013 Q4
Revenue -$300.0K $825.1M $308.5M
YoY Change -100.1% -29.27% -16.85%
Cost Of Revenue -$7.000M $993.1M $303.6M
YoY Change -102.31% -3.36% 5.97%
Gross Profit $6.700M $92.25M $5.000M
YoY Change 34.0% -33.67% -94.08%
Gross Profit Margin 11.18% 1.62%
Selling, General & Admin $5.600M $124.2M $23.50M
YoY Change -76.17% 11.83% -38.64%
% of Gross Profit 83.58% 134.61% 470.0%
Research & Development $1.200M $14.84M $1.600M
YoY Change -25.0% 42.22% -58.97%
% of Gross Profit 17.91% 16.09% 32.0%
Depreciation & Amortization $26.60M $79.30M $51.60M
YoY Change -48.45% -22.93% 119.57%
% of Gross Profit 397.01% 85.96% 1032.0%
Operating Expenses $6.800M $139.0M $25.00M
YoY Change -72.8% 14.44% -40.76%
Operating Profit -$100.0K -$255.6M -$20.00M
YoY Change -99.5% 9846.3% -147.28%
Interest Expense -$8.500M $37.06M -$8.900M
YoY Change -4.49% 2.83% 30.88%
% of Operating Profit
Other Income/Expense, Net -$1.000M -$2.445M -$900.0K
YoY Change 11.11% 43.99% -10.0%
Pretax Income $40.20M -$294.8M -$35.60M
YoY Change -212.92% 635.11% -203.19%
Income Tax -$9.200M -$9.416M -$7.400M
% Of Pretax Income -22.89%
Net Earnings -$83.50M -$285.4M -$28.20M
YoY Change 196.1% 946.91% -198.6%
Net Earnings / Revenue -34.58% -9.14%
Basic Earnings Per Share -$2.10
Diluted Earnings Per Share -$598.6K -$2.10 -$208.3K
COMMON SHARES
Basic Shares Outstanding 136.4M shares 136.2M shares 135.2M shares
Diluted Shares Outstanding 136.2M shares

Balance Sheet

Concept 2014 Q4 2014 2013 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $17.60M $17.60M $12.20M
YoY Change 44.26% 44.26% -29.48%
Cash & Equivalents $17.55M $17.60M $11.89M
Short-Term Investments $100.0K $100.0K $300.0K
Other Short-Term Assets $3.437M $81.50M $2.117M
YoY Change 62.35% 10.88% -96.23%
Inventory $382.9M $382.9M $490.4M
Prepaid Expenses $81.62M $73.79M
Receivables $162.9M $162.9M $199.6M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $645.0M $645.0M $775.7M
YoY Change -16.85% -16.85% -5.75%
LONG-TERM ASSETS
Property, Plant & Equipment $654.0M $654.0M $821.0M
YoY Change -20.33% -20.34% -1.55%
Goodwill $420.1M $496.8M
YoY Change -15.43% -0.29%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $97.82M $39.50M $114.1M
YoY Change -14.24% 33.9% -16.49%
Total Long-Term Assets $1.189B $1.189B $1.442B
YoY Change -17.57% -17.56% -2.22%
TOTAL ASSETS
Total Short-Term Assets $645.0M $645.0M $775.7M
Total Long-Term Assets $1.189B $1.189B $1.442B
Total Assets $1.834B $1.834B $2.218B
YoY Change -17.32% -17.31% -3.48%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $86.41M $86.40M $115.2M
YoY Change -25.0% -25.0% -10.07%
Accrued Expenses $67.80M $62.30M $71.60M
YoY Change -5.31% 0.48% -12.58%
Deferred Revenue
YoY Change
Short-Term Debt $188.1M $0.00 $1.161M
YoY Change 16101.89% -86.22%
Long-Term Debt Due $188.1M $188.1M $1.161M
YoY Change 16101.89% 15575.0% -86.18%
Total Short-Term Liabilities $351.9M $351.9M $215.9M
YoY Change 63.01% 62.99% -12.03%
LONG-TERM LIABILITIES
Long-Term Debt $341.6M $341.6M $541.6M
YoY Change -36.92% -36.93% 1.1%
Other Long-Term Liabilities $107.6M $107.6M $97.95M
YoY Change 9.82% 9.91% -21.65%
Total Long-Term Liabilities $449.2M $449.2M $639.5M
YoY Change -29.76% -29.76% -3.2%
TOTAL LIABILITIES
Total Short-Term Liabilities $351.9M $351.9M $215.9M
Total Long-Term Liabilities $449.2M $449.2M $639.5M
Total Liabilities $801.1M $829.3M $855.4M
YoY Change -6.35% -7.56% -5.59%
SHAREHOLDERS EQUITY
Retained Earnings -$245.8M $39.63M
YoY Change -720.19% -40.76%
Common Stock $1.528M $1.519M
YoY Change 0.59% 0.66%
Preferred Stock
YoY Change
Treasury Stock (at cost) $239.8M $247.2M
YoY Change -2.99% -0.92%
Treasury Stock Shares 15.92M shares 16.34M shares
Shareholders Equity $1.005B $1.005B $1.321B
YoY Change
Total Liabilities & Shareholders Equity $1.834B $1.834B $2.218B
YoY Change -17.32% -17.31% -3.48%

Cashflow Statement

Concept 2014 Q4 2014 2013 Q4
OPERATING ACTIVITIES
Net Income -$83.50M -$285.4M -$28.20M
YoY Change 196.1% 946.91% -198.6%
Depreciation, Depletion And Amortization $26.60M $79.30M $51.60M
YoY Change -48.45% -22.93% 119.57%
Cash From Operating Activities $38.00M $120.9M $51.60M
YoY Change -26.36% 3.48% -41.23%
INVESTING ACTIVITIES
Capital Expenditures -$15.70M $84.98M -$23.60M
YoY Change -33.47% -1.58% -32.38%
Acquisitions
YoY Change
Other Investing Activities -$300.0K -$178.0K -$700.0K
YoY Change -57.14% -80.84% -177.78%
Cash From Investing Activities -$16.00M -$78.95M -$24.30M
YoY Change -34.16% -5.79% -28.74%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $894.0K
YoY Change -51.01%
Debt Paid & Issued, Net $192.0K
YoY Change -14.67%
Cash From Financing Activities -14.90M -$35.08M -26.50M
YoY Change -43.77% -6.82% -49.52%
NET CHANGE
Cash From Operating Activities 38.00M $120.9M 51.60M
Cash From Investing Activities -16.00M -$78.95M -24.30M
Cash From Financing Activities -14.90M -$35.08M -26.50M
Net Change In Cash 7.100M $6.874M 800.0K
YoY Change 787.5% -249.14% -33.33%
FREE CASH FLOW
Cash From Operating Activities $38.00M $120.9M $51.60M
Capital Expenditures -$15.70M $84.98M -$23.60M
Free Cash Flow $53.70M $35.92M $75.20M
YoY Change -28.59% 17.8% -38.71%

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17161000 USD
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276000 USD
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19267000 USD
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15627000 USD
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2281000 USD
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209000 USD
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36037000 USD
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10172000 USD
CY2013 us-gaap Interest Expense Debt
InterestExpenseDebt
21589000 USD
CY2014 us-gaap Interest Expense Debt
InterestExpenseDebt
21373000 USD
CY2012 us-gaap Interest Expense Other
InterestExpenseOther
23247000 USD
CY2013 us-gaap Interest Expense Other
InterestExpenseOther
36037000 USD
CY2014 us-gaap Interest Expense Other
InterestExpenseOther
37057000 USD
CY2012 us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
0 USD
CY2013 us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
0 USD
CY2014 us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
0 USD
CY2012 us-gaap Interest Paid Net
InterestPaidNet
9279000 USD
CY2013 us-gaap Interest Paid Net
InterestPaidNet
21825000 USD
CY2014 us-gaap Interest Paid Net
InterestPaidNet
21549000 USD
CY2013Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
76108000 USD
CY2014Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
84544000 USD
CY2013Q4 us-gaap Inventory Net
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490414000 USD
CY2014Q4 us-gaap Inventory Net
InventoryNet
382903000 USD
CY2013Q4 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
175192000 USD
CY2014Q4 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
122218000 USD
CY2013Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
239114000 USD
CY2014Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
176141000 USD
CY2012 us-gaap Inventory Write Down
InventoryWriteDown
0 USD
CY2013 us-gaap Inventory Write Down
InventoryWriteDown
0 USD
CY2014 us-gaap Inventory Write Down
InventoryWriteDown
19600000 USD
CY2012 us-gaap Investment Income Interest
InvestmentIncomeInterest
261000 USD
CY2013 us-gaap Investment Income Interest
InvestmentIncomeInterest
203000 USD
CY2014 us-gaap Investment Income Interest
InvestmentIncomeInterest
330000 USD
CY2013Q4 us-gaap Investments In And Advances To Affiliates At Fair Value
InvestmentsInAndAdvancesToAffiliatesAtFairValue
0 USD
CY2014Q4 us-gaap Investments In And Advances To Affiliates At Fair Value
InvestmentsInAndAdvancesToAffiliatesAtFairValue
0 USD
CY2012 us-gaap Investments In And Advances To Affiliates Dividends Or Interest
InvestmentsInAndAdvancesToAffiliatesDividendsOrInterest
0 USD
CY2013Q4 us-gaap Land
Land
37416000 USD
CY2014Q4 us-gaap Land
Land
36375000 USD
CY2013Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2217848000 USD
CY2014Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1833805000 USD
CY2013Q4 us-gaap Liabilities Current
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215875000 USD
CY2014Q4 us-gaap Liabilities Current
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351901000 USD
CY2013Q4 us-gaap Line Of Credit Facility Amount Outstanding
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64000000 USD
CY2014Q4 us-gaap Line Of Credit Facility Amount Outstanding
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40000000 USD
CY2013 us-gaap Line Of Credit Facility Interest Rate During Period
LineOfCreditFacilityInterestRateDuringPeriod
0.0242
CY2014 us-gaap Line Of Credit Facility Interest Rate During Period
LineOfCreditFacilityInterestRateDuringPeriod
0.0217
CY2014Q4 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
400000000 USD
CY2013Q4 us-gaap Long Term Debt
LongTermDebt
541593000 USD
CY2013Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
1161000 USD
CY2014Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
188104000 USD
CY2013Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
473300000 USD
CY2013Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
541593000 USD
CY2014Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
341615000 USD
CY2013Q4 us-gaap Machinery And Equipment Gross
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1278655000 USD
CY2014Q4 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
1212120000 USD
CY2012 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
24112000 USD
CY2013 us-gaap Net Cash Provided By Used In Financing Activities
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-37645000 USD
CY2014 us-gaap Net Cash Provided By Used In Financing Activities
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-35077000 USD
CY2012 us-gaap Net Cash Provided By Used In Investing Activities
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-119962000 USD
CY2013 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-83801000 USD
CY2014 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-78952000 USD
CY2012 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
101400000 USD
CY2013 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
116837000 USD
CY2014 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
120903000 USD
CY2012 us-gaap Net Income Loss
NetIncomeLoss
117641000 USD
CY2013 us-gaap Net Income Loss
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-27259000 USD
CY2014 us-gaap Net Income Loss
NetIncomeLoss
-285376000 USD
CY2013Q4 us-gaap Notes Receivable Related Parties Noncurrent
NotesReceivableRelatedPartiesNoncurrent
0 USD
CY2014Q4 us-gaap Notes Receivable Related Parties Noncurrent
NotesReceivableRelatedPartiesNoncurrent
0 USD
CY2012 us-gaap Operating Income Loss
OperatingIncomeLoss
156468000 USD
CY2013 us-gaap Operating Income Loss
OperatingIncomeLoss
-2570000 USD
CY2014 us-gaap Operating Income Loss
OperatingIncomeLoss
-255620000 USD
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
3200000 USD
CY2013Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
7100000 USD
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
2600000 USD
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
5411000 USD
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
1256000 USD
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
1450000 USD
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
2607000 USD
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
3138000 USD
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
1762000 USD
CY2013Q4 us-gaap Other Accrued Liabilities Current
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40939000 USD
CY2014Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
43319000 USD
CY2013Q4 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
11874000 USD
CY2014Q4 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
22702000 USD
CY2013Q4 us-gaap Other Assets Current
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2117000 USD
CY2014Q4 us-gaap Other Assets Current
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3437000 USD
CY2013Q4 us-gaap Other Assets Noncurrent
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114061000 USD
CY2014Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
97822000 USD
CY2013 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
4700000 USD
CY2014 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
200000 USD
CY2012 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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-8812000 USD
CY2013 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
2035000 USD
CY2014 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
-10859000 USD
CY2012 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-9929000 USD
CY2013 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-13981000 USD
CY2014 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-33041000 USD
CY2012 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-18741000 USD
CY2013 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-11946000 USD
CY2014 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-43900000 USD
CY2012 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
2327000 USD
CY2013 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
-300000 USD
CY2014 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
-63000 USD
CY2012 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-8823000 USD
CY2013 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
2035000 USD
CY2014 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-10859000 USD
CY2012 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
1714000 USD
CY2013 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
2327000 USD
CY2014 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
-300000 USD
CY2013Q4 us-gaap Other Deferred Costs Gross
OtherDeferredCostsGross
7500000 USD
CY2014Q4 us-gaap Other Deferred Costs Gross
OtherDeferredCostsGross
13300000 USD
CY2013Q4 us-gaap Other Liabilities Noncurrent
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97947000 USD
CY2014Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
107566000 USD
CY2013Q4 us-gaap Other Long Term Debt Current
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529719000 USD
CY2013Q4 us-gaap Other Long Term Debt Noncurrent
OtherLongTermDebtNoncurrent
18922000 USD
CY2014Q4 us-gaap Other Long Term Debt Noncurrent
OtherLongTermDebtNoncurrent
16851000 USD
CY2012 us-gaap Other Noncash Expense
OtherNoncashExpense
-20001000 USD
CY2013 us-gaap Other Noncash Expense
OtherNoncashExpense
7162000 USD
CY2014 us-gaap Other Noncash Expense
OtherNoncashExpense
1441000 USD
CY2012 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1005000 USD
CY2013 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-1698000 USD
CY2014 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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CY2013Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
9554000 USD
CY2014Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
9923000 USD
CY2012 us-gaap Other Sales Revenue Net
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1248264000 USD
CY2013 us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
1166674000 USD
CY2014 us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
1085304000 USD
CY2013Q4 us-gaap Other Short Term Borrowings
OtherShortTermBorrowings
9455000 USD
CY2014Q4 us-gaap Other Short Term Borrowings
OtherShortTermBorrowings
0 USD
CY2012 us-gaap Paid In Kind Interest
PaidInKindInterest
12500000 USD
CY2013 us-gaap Paid In Kind Interest
PaidInKindInterest
14052000 USD
CY2014 us-gaap Paid In Kind Interest
PaidInKindInterest
15693000 USD
CY2012 us-gaap Payments For Proceeds From Derivative Instrument Investing Activities
PaymentsForProceedsFromDerivativeInstrumentInvestingActivities
-7572000 USD
CY2013 us-gaap Payments For Proceeds From Derivative Instrument Investing Activities
PaymentsForProceedsFromDerivativeInstrumentInvestingActivities
-114000 USD
CY2014 us-gaap Payments For Proceeds From Derivative Instrument Investing Activities
PaymentsForProceedsFromDerivativeInstrumentInvestingActivities
2025000 USD
CY2012 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-194000 USD
CY2013 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-929000 USD
CY2014 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-178000 USD
CY2012 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
103445000 USD
CY2013 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1825000 USD
CY2014 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
894000 USD
CY2012 us-gaap Payments For Restructuring
PaymentsForRestructuring
1506000 USD
CY2014 us-gaap Payments For Restructuring
PaymentsForRestructuring
16494000 USD
CY2012 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
6385000 USD
CY2013 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
560000 USD
CY2014 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
3279000 USD
CY2012 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
127728000 USD
CY2013 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
86344000 USD
CY2014 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
84981000 USD
CY2012 us-gaap Pension And Other Postretirement Benefit Contributions
PensionAndOtherPostretirementBenefitContributions
1000000 USD
CY2013 us-gaap Pension And Other Postretirement Benefit Contributions
PensionAndOtherPostretirementBenefitContributions
900000 USD
CY2014 us-gaap Pension And Other Postretirement Benefit Contributions
PensionAndOtherPostretirementBenefitContributions
800000 USD
CY2012 us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
13349000 USD
CY2013 us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
-10544000 USD
CY2014 us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
23047000 USD
CY2013Q4 us-gaap Postemployment Benefits Liability Noncurrent
PostemploymentBenefitsLiabilityNoncurrent
24852000 USD
CY2014Q4 us-gaap Postemployment Benefits Liability Noncurrent
PostemploymentBenefitsLiabilityNoncurrent
24833000 USD
CY2013Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2014Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2013Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000 shares
CY2012 us-gaap Prior Period Reclassification Adjustment
PriorPeriodReclassificationAdjustment
18700000 USD
CY2013 us-gaap Prior Period Reclassification Adjustment
PriorPeriodReclassificationAdjustment
11900000 USD
CY2012 us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
0 USD
CY2013 us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
1500000 USD
CY2014Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000 shares
CY2013Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2014Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2013Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2014Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2013Q4 us-gaap Prepaid Expense Current
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73790000 USD
CY2014Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
81623000 USD
CY2013Q4 us-gaap Prepaid Taxes
PrepaidTaxes
25061000 USD
CY2014Q4 us-gaap Prepaid Taxes
PrepaidTaxes
39837000 USD
CY2014 us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
2834000 USD
CY2012 us-gaap Proceeds From Insurance Settlement Operating Activities
ProceedsFromInsuranceSettlementOperatingActivities
4007000 USD
CY2013 us-gaap Proceeds From Insurance Settlement Operating Activities
ProceedsFromInsuranceSettlementOperatingActivities
0 USD
CY2014 us-gaap Proceeds From Insurance Settlement Operating Activities
ProceedsFromInsuranceSettlementOperatingActivities
0 USD
CY2012 us-gaap Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
300000000 USD
CY2013 us-gaap Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
0 USD
CY2014 us-gaap Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
0 USD
CY2012 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
425000000 USD
CY2013 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
166000000 USD
CY2014 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
269000000 USD
CY2012 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
5215000 USD
CY2013 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
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CY2014 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
951000 USD
CY2012 us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
0 USD
CY2013 us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
0 USD
CY2014 us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
0 USD
CY2012 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
-5738000 USD
CY2013 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
-7265000 USD
CY2014 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
-1021000 USD
CY2012 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
0 USD
CY2013 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
0 USD
CY2014 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
5042000 USD
CY2012 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
157000 USD
CY2013 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
448000 USD
CY2014 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
2813000 USD
CY2013Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
1050000 USD
CY2014Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
923000 USD
CY2014 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
300000 USD
CY2014 us-gaap Product Warranty Expense
ProductWarrantyExpense
173000 USD
CY2013Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1588880000 USD
CY2014Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1500821000 USD
CY2013Q4 us-gaap Property Plant And Equipment Net
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820985000 USD
CY2014Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
654040000 USD
CY2012 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
5161000 USD
CY2013 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
2914000 USD
CY2014 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
8675000 USD
CY2013 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
171500000 USD
CY2014 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
293000000 USD
CY2012 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
225000 USD
CY2013 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
225000 USD
CY2014 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
192000 USD
CY2012 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
13796000 USD
CY2014 us-gaap Quantifying Misstatement In Current Year Financial Statements Amount
QuantifyingMisstatementInCurrentYearFinancialStatementsAmount
2700000 USD
CY2012 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
587500000 USD
CY2013 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
10437000 USD
CY2014 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
14844000 USD
CY2012 us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
0 USD
CY2013 us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
20156000 USD
CY2014 us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
11625000 USD
CY2012 us-gaap Restructuring Charges
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16159000 USD
CY2014 us-gaap Restructuring Charges
RestructuringCharges
613000 USD
CY2012Q4 us-gaap Restructuring Reserve
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0 USD
CY2013Q4 us-gaap Restructuring Reserve
RestructuringReserve
18421000 USD
CY2014Q4 us-gaap Restructuring Reserve
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1035000 USD
CY2012 us-gaap Restructuring Reserve Accrual Adjustment
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3997000 USD
CY2014 us-gaap Restructuring Reserve Accrual Adjustment
RestructuringReserveAccrualAdjustment
153000 USD
CY2012 us-gaap Restructuring Reserve Translation Adjustment
RestructuringReserveTranslationAdjustment
229000 USD
CY2014 us-gaap Restructuring Reserve Translation Adjustment
RestructuringReserveTranslationAdjustment
1658000 USD
CY2013Q4 us-gaap Retained Earnings Accumulated Deficit
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39625000 USD
CY2014Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-245751000 USD
CY2012 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
0 USD
CY2013 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
0 USD
CY2014 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
0 USD
CY2012 us-gaap Sales Revenue Net
SalesRevenueNet
1248264000 USD
CY2013 us-gaap Sales Revenue Net
SalesRevenueNet
1166674000 USD
CY2014 us-gaap Sales Revenue Net
SalesRevenueNet
1085304000 USD
CY2012 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
145540000 USD
CY2013 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
111043000 USD
CY2014 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
124178000 USD
CY2012 us-gaap Share Based Compensation
ShareBasedCompensation
9601000 USD
CY2013 us-gaap Share Based Compensation
ShareBasedCompensation
8035000 USD
CY2014 us-gaap Share Based Compensation
ShareBasedCompensation
5577000 USD
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.00
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
23300000 shares
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
500000 USD
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
400000 USD
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
1601124 shares
CY2014 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Lower Range Limit
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLowerRangeLimit
4.24
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CY2014 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
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581006 shares
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4600000 USD
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4600000 USD
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4400000 USD
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0 USD
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4504000 USD
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7964000 USD
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5151000 USD
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0.07
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30687000 USD
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24506000 USD
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CY2014Q4 us-gaap Treasury Stock Shares
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101697000 USD
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0 USD
CY2014 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
0 USD
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800000 USD
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7100000 USD
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100000 USD
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900000 USD
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4643000 USD
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323000 USD
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232000 USD
CY2012 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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163000 USD
CY2013 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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0 USD
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1180000 USD
CY2013Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
2700000 USD
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73400000 USD
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CY2011Q4 us-gaap Valuation Allowances And Reserves Balance
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25509000 USD
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CY2013Q4 us-gaap Valuation Allowances And Reserves Balance
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20411000 USD
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ValuationAllowancesAndReservesChargedToCostAndExpense
-1800000 USD
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ValuationAllowancesAndReservesChargedToCostAndExpense
-614000 USD
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74157000 USD
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5600000 shares
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139700104 shares
CY2013 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2014 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
136155295 shares
CY2012 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2014 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2014 us-gaap Nature Of Operations
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:6px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Discussion of Business and Structure</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:57px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">GrafTech International Ltd. is one of the world&#8217;s largest manufacturers and providers of high quality synthetic and natural graphite and carbon based products. References herein to &#8220;GTI,&#8221; &#8220;we,&#8221; &#8220;our,&#8221; or &#8220;us&#8221; refer collectively to GrafTech International Ltd. and its subsidiaries. We have seven major product categories: graphite electrodes, refractory products, needle coke products, advanced graphite materials, advanced composite materials, advanced electronics technologies, and advanced materials, which are reported in the following segments:</font></div><div style="line-height:120%;text-align:justify;text-indent:57px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:84px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:60px;"><font style="font-family:Arial;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-style:italic;">Industrial Materials</font><font style="font-family:Arial;font-size:10pt;"> includes graphite electrodes, refractory products and needle coke products, and primarily serves the steel industry.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:84px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:60px;"><font style="font-family:Arial;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-style:italic;">Engineered Solutions</font><font style="font-family:Arial;font-size:10pt;"> includes advanced graphite materials, advanced composite materials, advanced electronics technologies, and advanced materials and provides primary and specialty products to the advanced electronics, industrial, energy, transportation and defense markets.</font></div></td></tr></table></div>
CY2014 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:57px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">The preparation of financial statements in conformity with U.S. generally accepted accounting principles (&#8220;GAAP&#8221;) requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the Consolidated Financial Statements and the reported amounts of revenue and expenses. Significant estimates and assumptions are used for, but are not limited to, pension and other post-retirement benefits, allowance for doubtful accounts, accruals and valuation allowances, asset impairment, and environmental-related accruals. Actual results could differ from our estimates.</font></div></div>

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