XML 65 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Operations (USD $)
In Millions, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Operations      
Net sales $ 3,651.9 $ 3,141.7 $ 3,619.8
Costs and expenses:      
Cost of sales 2,813.9 2,375.6 2,822.4
Engineering, selling and administrative expenses 572.1 514.5 529.8
Amortization expense 38.8 38.3 38.4
Goodwill impairment     520.3
Intangible asset impairment     146.4
Integration expense     3.6
Restructuring expense 5.7 3.8 39.6
Other expenses (income) (0.5) 2.3 3.4
Total costs and expenses 3,430.0 2,934.5 4,103.9
Operating earnings (loss) from continuing operations 221.9 207.2 (484.1)
Other income (expenses):      
Interest expense (146.7) (175.0) (174.0)
Amortization of deferred financing fees (10.4) (22.0) (28.8)
Loss on debt extinguishment (29.7) (44.0) (9.2)
Other income (expense)-net 2.3 (9.9) 17.3
Total other income (expenses) (184.5) (250.9) (194.7)
Earnings (loss) from continuing operations before taxes on earnings 37.4 (43.7) (678.8)
Provision (benefit) for taxes on earnings 15.9 30.9 (65.5)
Earnings (loss) from continuing operations 21.5 (74.6) (613.3)
Discontinued operations:      
Earnings (loss) from discontinued operations, net of income taxes of ($2.7), $2.0 and ($3.0), respectively (3.9) (7.6) (34.1)
Gain (loss) on sale of discontinued operations, net of income taxes of $29.9, $0.0 and ($15.0), respectively (34.6)   (24.2)
Net earnings (loss) (17.0) (82.2) (671.6)
Less: Net loss attributable to noncontrolling interest, net of tax (6.5) (2.7) (2.5)
Net (loss) earnings attributable to Manitowoc (10.5) (79.5) (669.1)
Amounts attributable to the Manitowoc common shareholders:      
Earnings (loss) from continuing operations 28.0 (71.9) (610.8)
Earnings (loss) from discontinued operations, net of income taxes (3.9) (7.6) (34.1)
Gain (loss) on sale of discontinued operations, net of income taxes (34.6)   (24.2)
Net (loss) earnings attributable to Manitowoc $ (10.5) $ (79.5) $ (669.1)
Basic earnings (loss) per common share:      
Earnings (loss) from continuing operations attributable to Manitowoc common shareholders (in dollars per share) $ 0.21 $ (0.55) $ (4.69)
Earnings (loss) from discontinued operations attributable to Manitowoc common shareholders (in dollars per share) $ (0.03) $ (0.06) $ (0.26)
Gain (loss) on sale of discontinued operations, net of income taxes (in dollars per share) $ (0.27)   $ (0.19)
Earnings (loss) per share attributable to Manitowoc common shareholders (in dollars per share) $ (0.08) $ (0.61) $ (5.14)
Diluted earnings (loss) per common share:      
Earnings (loss) from continuing operations attributable to Manitowoc common shareholders (in dollars per share) $ 0.21 $ (0.55) $ (4.69)
Earnings (loss) from discontinued operations attributable to Manitowoc common shareholders (in dollars per share) $ (0.03) $ (0.06) $ (0.26)
Gain (loss) on sale of discontinued operations, net of income taxes (in dollars per share) $ (0.26)   $ (0.19)
Earnings (loss) per share attributable to Manitowoc common shareholders (in dollars per share) $ (0.08) $ (0.61) $ (5.14)