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Equity and Debt Investments
 6 Months Ended
Jun. 30, 2019
Equity Method Investments and Joint Ventures [Abstract]  
Equity Method Investments Disclosure [Text Block] Equity and Debt Investments

The Company maintains an interest in one variable interest entity, HYGFS. HYGFS is a joint venture with WF formed primarily for the purpose of providing financial services to independent Hyster® and Yale® lift truck dealers and National Account customers in the United States and is included in the Americas segment. The Company does not have a controlling financial interest or have the power to direct the activities that most significantly affect the economic performance of HYGFS. Therefore, the Company is not the primary beneficiary and uses the equity method to account for its 20% interest in HYGFS. The Company does not consider its variable interest in HYGFS to be significant.

The Company has a 50% ownership interest in SN, a limited liability company which was formed primarily to manufacture and distribute Sumitomo-branded lift trucks in Japan and export Hyster®- and Yale®-branded lift trucks and related components and service parts outside of Japan. The Company purchases products from SN under agreed-upon terms. The Company's ownership in SN is also accounted for using the equity method of accounting and is included in the JAPIC segment.

The Company's percentage share of the net income or loss from its equity investments in HYGFS and SN is reported on the line “Income from unconsolidated affiliates” in the “Other (income) expense” section of the unaudited condensed consolidated statements of operations. The Company's equity investments are included on the line “Investment in Unconsolidated Affiliates” in the unaudited condensed consolidated balance sheets.

The Company's equity investments in unconsolidated affiliates recorded on the consolidated balance sheet as follows:
 
June 30, 2019
 
December 31, 2018
HYGFS
$
20.0

 
$
20.6

SN
43.6

 
41.3

Bolzoni
0.4

 
0.5

Dividends received from unconsolidated affiliates are summarized below:
 
SIX MONTHS ENDED
 
JUNE 30
 
2019
 
2018
HYGFS
$
4.1

 
$
20.1

SN
1.0

 
2.1

 
$
5.1

 
$
22.2

Summarized financial information for HYGFS and SN is as follows:
 
THREE MONTHS ENDED
 
SIX MONTHS ENDED
 
JUNE 30
 
JUNE 30
 
2019
 
2018
 
2019
 
2018
Revenues
$
110.6

 
$
105.0

 
$
220.0

 
$
205.5

Gross profit
$
37.2

 
$
31.4

 
$
74.9

 
$
63.3

Income from continuing operations
$
11.0

 
$
8.5

 
$
21.8

 
$
18.7

Net income
$
11.0

 
$
8.5

 
$
21.8

 
$
18.7


The Company has an equity investment in a third party valued using a quoted market price in an active market, or Level 1 in the fair value hierarchy. The Company's investment as of June 30, 2019 and December 31, 2018 was $3.6 million and $4.1 million, respectively. Any gain or loss on the investment is included on the line "Other" in the "Other (income) expense" section of the unaudited condensed consolidated statements of operations as follows:
 
THREE MONTHS ENDED
 
SIX MONTHS ENDED
 
JUNE 30
 
JUNE 30
 
2019
 
2018
 
2019
 
2018
Gain (loss) on equity investment
$
(1.2
)
 
$
(2.6
)
 
$
(0.4
)
 
$
(3.0
)
The Company has an approximately 19% ownership interest through common and redeemable preferred shares in a third party, OneH2, Inc. ("OneH2"). The Company's investment was $8.8 million and $9.1 million as of June 30, 2019 and December 31, 2018, respectively.