XML 46 R35.htm IDEA: XBRL DOCUMENT v3.8.0.1
Segments (Tables)
3 Months Ended
Mar. 31, 2018
Segment Reporting [Abstract]  
Schedule of Information by Reportable Segment

The following table shows information by reportable segment for the three months ended March 31, 2018 and 2017 (in millions):

 

 

Three Months Ended March 31, 2018

 

 

Three Months Ended March 31, 2017

 

Net Sales

 

 

 

 

 

 

 

 

Americas

 

$

162.9

 

 

$

120.5

 

EURAF

 

 

154.2

 

 

 

125.3

 

MEAP

 

 

69.0

 

 

 

60.0

 

Total

 

$

386.1

 

 

$

305.8

 

Segment Operating Income (Loss)

 

 

 

 

 

 

 

 

Americas

 

$

2.7

 

 

$

(18.5

)

EURAF

 

 

3.4

 

 

 

(3.8

)

MEAP

 

 

7.9

 

 

 

8.7

 

Total

 

$

14.0

 

 

$

(13.6

)

Depreciation

 

 

 

 

 

 

 

 

Americas

 

$

3.5

 

 

$

4.4

 

EURAF

 

 

3.8

 

 

 

3.9

 

MEAP

 

 

1.0

 

 

 

0.9

 

Corporate

 

 

0.8

 

 

 

1.4

 

Total

 

$

9.1

 

 

$

10.6

 

Capital Expenditures

 

 

 

 

 

 

 

 

Americas

 

$

2.3

 

 

$

3.0

 

EURAF

 

 

2.4

 

 

 

0.7

 

MEAP

 

 

1.2

 

 

 

 

Corporate

 

 

0.5

 

 

 

0.1

 

Total

 

$

6.4

 

 

$

3.8

 

 

Schedule of Reconciliation of the Company's Segment Operating Income (Loss)

A reconciliation of the Company’s segment operating income (loss) to the consolidated statement of operations for the three months ended March 31, 2018 and 2017 was as follows (in millions):

 

 

Three Months Ended March 31, 2018

 

 

Three Months Ended March 31, 2017

 

Segment operating income (loss)

 

$

14.0

 

 

$

(13.6

)

Unallocated corporate expenses

 

 

(9.6

)

 

 

(9.1

)

Restructuring expense

 

 

(2.2

)

 

 

(0.2

)

Other operating income (expense) - net

 

 

(0.5

)

 

 

1.1

 

Total operating income (loss)

 

$

1.7

 

 

$

(21.8

)

 

Schedule of Net Sales by Geographic Area

Net sales by geographic area for the three months ended March 31, 2018 and 2017 are as follows (in millions):

 

 

Three Months Ended March 31, 2018

 

 

Three Months Ended March 31, 2017

 

United States

 

$

144.3

 

 

$

109.3

 

Other North America

 

 

7.8

 

 

 

6.5

 

Europe

 

 

150.3

 

 

 

120.3

 

Asia

 

 

20.3

 

 

 

24.3

 

Middle East

 

 

33.8

 

 

 

24.1

 

Central and South America

 

 

9.9

 

 

 

4.2

 

Africa

 

 

3.9

 

 

 

5.0

 

Caribbean

 

 

0.9

 

 

 

0.5

 

Australia

 

 

14.9

 

 

 

11.6

 

Total

 

$

386.1

 

 

$

305.8

 

 

Schedule of Net Sales By Product

Net sales by product for the three months ended March 31, 2018 and 2017 are as follows (in millions):

 

 

Three Months Ended March 31, 2018

 

 

Three Months Ended March 31, 2017

 

Cranes

 

$

307.5

 

 

$

228.4

 

Aftermarket parts and other*

 

 

78.6

 

 

 

77.4

 

Total net sales

 

$

386.1

 

 

$

305.8

 

*Other revenue consists of revenue related to miscellaneous CraneCare services such as trainings and field    service work.