XML 52 R41.htm IDEA: XBRL DOCUMENT v3.19.2
Segments (Tables)
6 Months Ended
Jun. 30, 2019
Segment Reporting [Abstract]  
Schedule of Information by Reportable Segment

The following table shows information by reportable segment for the three and six months ended June 30, 2019 and 2018:

 

 

 

Three Months Ended

June 30,

 

 

Six Months Ended

June 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Net Sales

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Americas

 

$

264.6

 

 

$

227.3

 

 

$

470.7

 

 

$

390.2

 

EURAF

 

 

182.6

 

 

 

191.2

 

 

 

336.8

 

 

 

345.4

 

MEAP

 

 

57.5

 

 

 

76.8

 

 

 

115.2

 

 

 

145.8

 

Total

 

$

504.7

 

 

$

495.3

 

 

$

922.7

 

 

$

881.4

 

Segment Operating Income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Americas

 

$

35.7

 

 

$

14.7

 

 

$

50.9

 

 

$

17.4

 

EURAF

 

 

1.7

 

 

 

8.1

 

 

 

5.1

 

 

 

11.5

 

MEAP

 

 

5.1

 

 

 

10.7

 

 

 

12.4

 

 

 

18.6

 

Total

 

$

42.5

 

 

$

33.5

 

 

$

68.4

 

 

$

47.5

 

Depreciation

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Americas

 

$

3.5

 

 

$

3.6

 

 

$

7.1

 

 

$

7.1

 

EURAF

 

 

3.7

 

 

 

3.8

 

 

 

7.4

 

 

 

7.6

 

MEAP

 

 

0.7

 

 

 

1.0

 

 

 

1.4

 

 

 

2.0

 

Corporate

 

 

0.7

 

 

 

0.7

 

 

 

1.5

 

 

 

1.5

 

Total

 

$

8.6

 

 

$

9.1

 

 

$

17.4

 

 

$

18.2

 

Capital Expenditures

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Americas

 

$

3.2

 

 

$

2.6

 

 

$

6.0

 

 

$

4.9

 

EURAF

 

 

1.6

 

 

 

4.6

 

 

 

2.4

 

 

 

7.0

 

MEAP

 

 

0.5

 

 

 

0.5

 

 

 

1.3

 

 

 

1.7

 

Corporate

 

 

 

 

 

1.1

 

 

 

 

 

 

1.6

 

Total

 

$

5.3

 

 

$

8.8

 

 

$

9.7

 

 

$

15.2

 

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

A reconciliation of the Company’s segment operating income to operating income in the Condensed Consolidated Statement of Operations for the three and six months ended June 30, 2019 and 2018 are summarized as follows:

 

 

 

Three Months Ended

June 30,

 

 

Six Months Ended

June 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Segment operating income

 

$

42.5

 

 

$

33.5

 

 

$

68.4

 

 

$

47.5

 

Unallocated corporate expenses

 

 

(0.6

)

 

 

(8.1

)

 

 

(10.2

)

 

 

(18.2

)

Restructuring expense

 

 

 

 

 

(1.3

)

 

 

(0.1

)

 

 

(3.5

)

Total operating income

 

$

41.9

 

 

$

24.1

 

 

$

58.1

 

 

$

25.8

 

Schedule of Net Sales by Geographic Area

Net sales by geographic area for the three and six months ended June 30, 2019 and 2018 are summarized as follows:

 

 

 

Three Months Ended

June 30,

 

 

Six Months Ended

June 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

United States

 

$

233.0

 

 

$

203.5

 

 

$

417.7

 

 

$

347.8

 

Europe

 

 

174.1

 

 

 

188.7

 

 

 

323.2

 

 

 

339.0

 

Other

 

 

97.6

 

 

 

103.1

 

 

 

181.8

 

 

 

194.6

 

Total

 

$

504.7

 

 

$

495.3

 

 

$

922.7

 

 

$

881.4

 

 

Schedule of Net Sales By Product

 

Net sales by product for the three and six months ended June 30, 2019 and 2018 are summarized as follows:

 

 

 

Three Months Ended

June 30,

 

 

Six Months Ended

June 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Cranes

 

$

418.0

 

 

$

409.2

 

 

$

751.5

 

 

$

716.7

 

Aftermarket parts and other*

 

 

86.7

 

 

 

86.1

 

 

 

171.2

 

 

 

164.7

 

Total net sales

 

$

504.7

 

 

$

495.3

 

 

$

922.7

 

 

$

881.4

 

*Other revenue consists of revenue related to CraneCare services such as training and

   field service work.