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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2017
Goodwill And Intangible Assets Disclosure [Abstract]  
Changes in goodwill by reportable segment

The changes in carrying amount of goodwill for the years ended December 31, 2017 and December 31, 2016 are as follows:

 

(in millions)

 

Cranes

 

 

Americas

 

 

Europe and Africa ("EURAF")

 

 

Middle East and Asia Pacific ("MEAP")

 

Net balance as of January 1, 2016

 

$

306.5

 

 

$

 

 

$

 

 

$

 

Foreign currency impact

 

 

(6.9

)

 

 

 

 

 

 

 

 

 

Net balance as of December 31, 2016

 

 

299.6

 

 

 

 

 

 

 

 

 

 

Foreign currency impact

 

 

16.5

 

 

 

 

 

 

 

 

 

 

Reallocation of goodwill at October 31, 2017

 

 

(316.1

)

 

 

166.5

 

 

 

81.5

 

 

 

68.1

 

Foreign currency impact

 

 

 

 

 

 

 

 

4.4

 

 

 

0.8

 

Net balance as of December 31, 2017

 

$

 

 

$

166.5

 

 

$

85.9

 

 

$

68.9

 

 

Gross carrying amount and accumulated amortization of the company's intangible assets other than goodwill

The gross carrying amount and accumulated amortization of the Company’s intangible assets other than goodwill are as follows as of December 31, 2017 and December 31, 2016.

 

 

 

December 31, 2017

 

 

December 31, 2016

 

(in millions)

 

Gross

Carrying

Amount

 

 

Accumulated

Amortization

Amount

 

 

Net

Book

Value

 

 

Gross

Carrying

Amount

 

 

Accumulated

Amortization

Amount

 

 

Net

Book

Value

 

Trademarks and tradenames

 

$

99.7

 

 

$

 

 

$

99.7

 

 

$

92.4

 

 

$

 

 

$

92.4

 

Customer relationships

 

 

10.7

 

 

 

(8.7

)

 

 

2.0

 

 

 

10.3

 

 

 

(7.8

)

 

 

2.5

 

Patents

 

 

30.6

 

 

 

(29.7

)

 

 

0.9

 

 

 

28.5

 

 

 

(27.4

)

 

 

1.1

 

Engineering drawings

 

 

10.8

 

 

 

(10.7

)

 

 

0.1

 

 

 

10.0

 

 

 

(9.9

)

 

 

0.1

 

Distribution network

 

 

19.5

 

 

 

(0.1

)

 

 

19.4

 

 

 

18.0

 

 

 

 

 

 

18.0

 

Other intangibles

 

 

0.1

 

 

 

(0.1

)

 

 

 

 

 

0.2

 

 

 

(0.2

)

 

 

 

 

 

$

171.4

 

 

$

(49.3

)

 

$

122.1

 

 

$

159.4

 

 

$

(45.3

)

 

$

114.1