XML 45 R37.htm IDEA: XBRL DOCUMENT v2.4.0.6
Company and Basis of Presentation (Tables)
 12 Months Ended
Dec. 31, 2012
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of impact of error corrections
Accordingly, the Consolidated Statement of Operations for the years ended December 31, 2011 and 2010 and the Consolidated Balance Sheet as of December 31, 2011, included herein have been revised to correct these errors. In addition, the quarterly information for 2012 and 2011 has been revised. See Note 24, "Quarterly Financial Data (Unaudited)" for further discussion of the quarterly revisions. The impacts of these revisions are as follows:
(in millions)
 
As of December 31, 2011
Consolidated Balance Sheets:
 
As Reported
 
As Revised*
Inventories - net
 
$
668.7

 
$
665.8

Other non-current assets
 
140.6

 
144.6

Goodwill
 
1,164.8

 
1,221.1

Accounts payable and accrued expenses
 
869.8

 
868.7

Deferred income taxes (non-current liability)
 
215.8

 
266.7

Total equity
 
$
473.5

 
$
481.1

 
 
For the years ended December 31,
(in millions, except per share data)
 
2011
 
2010
Consolidated Statements of Operations:
 
As Reported
 
As Revised*
 
As Reported
 
As Revised*
Cost of sales
 
$
2,813.9

 
$
2,816.8

 
$
—

 
$
—

Earnings from continuing operations before taxes on earnings
 
37.4

 
34.5

 
—

 
—

Provision for taxes on earnings
 
15.9

 
13.7

 
30.9

 
26.0

Earnings (loss) from continuing operations
 
21.5

 
20.8

 
(74.6
)
 
(69.7
)
Net loss
 
(17.0
)
 
(17.7
)
 
(82.2
)
 
(77.3
)
Net loss attributable to Manitowoc
 
$
(10.5
)
 
$
(11.2
)
 
$
(79.5
)
 
$
(74.6
)
Basic earnings (loss) per share from continuing operations
 
$
—

 
$
—

 
$
(0.55
)
 
$
(0.51
)
Diluted earnings (loss) per share from continuing operations
 
0.21

 
0.20

 
(0.55
)
 
(0.51
)
Basic loss per share
 
(0.08
)
 
(0.09
)
 
(0.61
)
 
(0.57
)
Diluted earnings (loss) per share
 
$
—

 
$
—

 
$
(0.61
)
 
$
(0.57
)
* The "As Revised" figures noted above have not been adjusted for the results of the Jackson business, which has been classified as discontinued operations for all periods presented. See further detail at Note 4, "Discontinued Operations."