XML 79 R66.htm IDEA: XBRL DOCUMENT v2.4.0.6
LONG-TERM OBLIGATIONS (Details)
12 Months Ended 7 Months Ended 12 Months Ended 0 Months Ended 12 Months Ended 1 Months Ended 12 Months Ended 12 Months Ended 3 Months Ended 58 Months Ended 61 Months Ended 51 Months Ended
Dec. 31, 2011
USD ($)
Dec. 31, 2010
USD ($)
Dec. 31, 2009
USD ($)
Nov. 25, 2003
Dec. 31, 2009
10-7/8% Senior Notes due June 1, 2016 [Member]
USD ($)
Dec. 31, 2011
10-7/8% Senior Notes due June 1, 2016 [Member]
USD ($)
factor
Dec. 31, 2010
10-7/8% Senior Notes due June 1, 2016 [Member]
USD ($)
factor
Jun. 03, 2009
10-7/8% Senior Notes due June 1, 2016 [Member]
USD ($)
Jun. 03, 2009
4% Convertible Senior Subordinated Notes due June 1, 2015
USD ($)
Dec. 31, 2011
4% Convertible Senior Subordinated Notes due June 1, 2015
USD ($)
factor
Dec. 31, 2010
4% Convertible Senior Subordinated Notes due June 1, 2015
USD ($)
factor
Jan. 31, 2011
7-3/8% Senior Subordinated Notes due January 15, 2014 [Member]
USD ($)
Jan. 31, 2009
7-3/8% Senior Subordinated Notes due January 15, 2014 [Member]
Dec. 31, 2011
7-3/8% Senior Subordinated Notes due January 15, 2014 [Member]
USD ($)
Jan. 18, 2011
7-3/8% Senior Subordinated Notes due January 15, 2014 [Member]
USD ($)
Dec. 31, 2010
7-3/8% Senior Subordinated Notes due January 15, 2014 [Member]
USD ($)
factor
Nov. 25, 2003
7-3/8% Senior Subordinated Notes due January 15, 2014 [Member]
USD ($)
Dec. 31, 2011
8% Senior Subordinated Notes due November 15, 2017 [Member]
USD ($)
factor
Dec. 31, 2010
8% Senior Subordinated Notes due November 15, 2017 [Member]
USD ($)
factor
Nov. 13, 2007
8% Senior Subordinated Notes due November 15, 2017 [Member]
USD ($)
Dec. 31, 2010
2006 Credit Agreement [Member]
USD ($)
Dec. 31, 2010
Additional Arrangements under Credit Facility [Member]
USD ($)
Jun. 30, 2012
2011 Credit Agreement [Member]
Mar. 31, 2012
2011 Credit Agreement [Member]
Dec. 31, 2011
2011 Credit Agreement [Member]
USD ($)
Apr. 28, 2017
2011 Credit Agreement [Member]
Apr. 28, 2017
2011 Credit Agreement [Member]
Aug. 05, 2011
2011 Credit Agreement [Member]
USD ($)
Dec. 31, 2010
2011 Credit Agreement [Member]
USD ($)
Aug. 05, 2011
2011 Credit Agreement [Member]
Revolving loan, term loan or combination [Member]
USD ($)
Aug. 05, 2011
2011 Credit Agreement - revolving credit facility [Member]
USD ($)
Aug. 05, 2011
2011 Credit Agreement - domestic revolving line of credit [Member]
USD ($)
Aug. 05, 2011
2011 Credit Agreement - multicurrency revolving line of credit [Member]
USD ($)
Dec. 31, 2011
2011 Credit Agreement - term loan
USD ($)
factor
Aug. 05, 2011
2011 Credit Agreement - term loan
USD ($)
Dec. 31, 2011
2011 Credit Agreement - term loan Euro
USD ($)
factor
Aug. 05, 2011
2011 Credit Agreement - term loan Euro
EUR (€)
Dec. 31, 2011
2011 Credit Agreement Additional Arrangements [Member]
USD ($)
Nov. 18, 2015
Demag Credit Agreement [Member]
Dec. 31, 2011
Demag Credit Agreement [Member]
USD ($)
Aug. 16, 2011
Demag Credit Agreement [Member]
EUR (€)
Dec. 31, 2011
Demag Letter of Credit [Member]
USD ($)
Aug. 16, 2011
Demag Letter of Credit [Member]
EUR (€)
Dec. 31, 2011
Demag Additional Arrangements [Member]
USD ($)
Dec. 31, 2011
Bilateral Arrangements [Member]
USD ($)
Dec. 31, 2010
Bilateral Arrangements [Member]
USD ($)
Sep. 30, 2011
Maximum [Member]
10-7/8% Senior Notes due June 1, 2016 [Member]
Aug. 05, 2011
Maximum [Member]
2011 Credit Agreement [Member]
Term Loan [Member]
USD ($)
Dec. 31, 2011
Minimum [Member]
10-7/8% Senior Notes due June 1, 2016 [Member]
Dec. 31, 2011
Designated as Hedging Instrument [Member]
USD ($)
Dec. 31, 2010
Designated as Hedging Instrument [Member]
USD ($)
Dec. 31, 2011
Long term debt less current portion [Member]
Interest Rate Swap [Member]
Designated as Hedging Instrument [Member]
USD ($)
Dec. 31, 2010
Long term debt less current portion [Member]
Interest Rate Swap [Member]
Designated as Hedging Instrument [Member]
USD ($)
Dec. 31, 2011
Senior Notes due June 1, 2016 Ten and Seven Eighths Percent [Member]
USD ($)
Dec. 31, 2010
Senior Notes due June 1, 2016 Ten and Seven Eighths Percent [Member]
USD ($)
Dec. 31, 2011
4% Convertible Senior Subordinated Notes due June 1, 2015
USD ($)
Dec. 31, 2010
4% Convertible Senior Subordinated Notes due June 1, 2015
USD ($)
Dec. 31, 2011
7-3/8% Senior Subordinated Notes due January 15, 2014 [Member]
USD ($)
Dec. 31, 2010
7-3/8% Senior Subordinated Notes due January 15, 2014 [Member]
USD ($)
Dec. 31, 2011
8% Senior Subordinated Notes due November 15, 2017 [Member]
USD ($)
Dec. 31, 2010
8% Senior Subordinated Notes due November 15, 2017 [Member]
USD ($)
Dec. 31, 2011
Term Debt Under 2011 Credit Agreement [Member]
USD ($)
Dec. 31, 2010
Term Debt Under 2011 Credit Agreement [Member]
USD ($)
Dec. 31, 2011
Demag Crains AG Credit Agreement [Member]
USD ($)
Dec. 31, 2010
Demag Crains AG Credit Agreement [Member]
USD ($)
Dec. 31, 2011
Notes Payable to Banks [Member]
USD ($)
Dec. 31, 2010
Notes Payable to Banks [Member]
USD ($)
Dec. 31, 2011
Capital Lease Obligations [Member]
USD ($)
Dec. 31, 2010
Capital Lease Obligations [Member]
USD ($)
Dec. 31, 2011
Other Debt Obligations [Member]
USD ($)
Dec. 31, 2010
Other Debt Obligations [Member]
USD ($)
Debt Instrument                                                                                                                                              
Long-term Debt $ 2,298,200,000                                               $ 710,800,000       $ 0                                                 $ 295,500,000 $ 294,400,000 $ 137,300,000 $ 129,200,000 $ 0 $ 297,200,000 $ 800,000,000 $ 800,000,000 $ 710,800,000 $ 0 $ 173,700,000 $ 0 $ 5,400,000 $ 14,100,000 $ 2,100,000 $ 3,400,000 $ 175,600,000 $ 148,000,000
Long-term Debt and Capital Lease Obligations 2,300,400,000 1,686,300,000                                                                                                                                          
Long-term Debt, Current Maturities (77,000,000) (346,800,000)                                                                                                                                          
Long-term debt, less current portion 2,223,400,000 1,339,500,000                                                                                                                                          
Line of Credit Facility, Amount Outstanding                                                 0       0           460,100,000   200,000,000     173,700,000                                                              
Revolving line of credit available borrowing capacity                                                             500,000,000 250,000,000 250,000,000               200,000,000   150,000,000                                                        
Current incremental loan commitments available under the Credit Agreement                                                           250,000,000                                   100,000,000                                              
Debt Instrument Covenant Minimum Interest Coverage Ratio                                               2 1.6   2.5                                                                                        
Debt Instrument Covenant Senior Secured Debt Leverage Ratio Maximum                                             2.5 3 3.5 2.25                                                                                          
Maximum amount of letters of credit available under the Credit Agreement                                                       250,000,000                         40,000,000                                                            
Outstanding letters of credit 289,300,000 188,800,000                                     46,600,000 9,200,000     61,800,000                         1,000,000   26,300,000   32,600,000   53,000,000 114,600,000 132,900,000                                                  
Letters of Credit Maximum Available under Additional Facilities                                                       100,000,000                                                                                      
Percentage of capital stock of foreign subsidiary pledged as collateral for borrowings (as a percent)                                                       65.00%                                                                                      
Net Debt To Ebitda Ratio                                                                             2.75                                                                
Ebitda To Net Interest Payable Ratio                                                                             4                                                                
Debt, Weighted Average Interest Rate                                                                               3.14%                                                              
Line of Credit Facility, Remaining Borrowing Capacity                                                                               57,900,000                                                              
Principal of debt issued               300,000,000 172,500,000                                                                                                                            
Percentage of par value at which debt was issued (as a percent)           97.633%                                                                                                                                  
Proceeds from issuance of long-term debt         293,000,000                                                                                                                                    
Interest rate of debt securities (as a percent)           10.875%       4.00%       7.375%       8.00%                                                                                                          
Initial redemption price of debt instrument as a percentage of the principal amount (as a percent)           105.438%                       104.00%                                                                                                          
Debt Instrument Covenant Consolidated Cash Flow Coverage Ratio Actual                                                                                             2   2                                            
Initial conversion rate of shares per $1000 principal amount of convertible notes (in shares)                 61.5385                                                                                                                            
Principal amount used for debt instrument conversion ratio                   1,000                                                                                                                          
Conversion price of convertible notes (in dollars per share)                   $ 16.25                                                                                                                          
Carrying value of the equity component of convertible debt                 54,300,000                                                                                                                            
Deferred tax liability on equity component of debt                 19,400,000                                                                                                                            
Convertible Subordinated Debt                   137,300,000 129,200,000                                                                                                                        
Interest expense on convertible debt                   14,900,000                                                                                                                          
Subordinated Debt                               297,200,000 300,000,000 800,000,000 800,000,000 800,000,000                                                                                                      
Debt Effective Interest Rate Percentage       7.50%                                                                                                                                      
Percentage of principal amount received by the holders on surrender of senior notes (as a percent)                         103.688%                                                                                                                    
Principal amount of debt extinguished                       297,600,000                                                                                                                      
Total cash paid on extinguishment of debt                       312,300,000                                                                                                                      
Call premium paid for extinguishment of debt (as a percent)                             1.229%                                                                                                                
Cash paid to extinguish debt                           3,600,000                                                                                                                  
Accrued interest per $1000 principal amount of debt paid on early extinguishment of debt                       36.875                                                                                                                      
Debt Instrument, Principal Amount Denomination for Accrued and Unpaid Interest                             1,000                                                                                                                
Loss on early extinguishment of debt 7,700,000 1,400,000 3,300,000                                                                                                                                        
Non Cash charges in connection with extinguishment of debt                           4,100,000                                                                                                                  
Derivative Liability, Fair Value, Gross Liability                                                                                                   46,400,000 44,100,000 33,400,000 38,100,000                                    
Secured Debt           295,500,000 294,400,000                                                     454,700,000   256,100,000                                                                      
Debt Instrument Market Quote           1.10500 1.16000     1.11000 2.04063         1.01250   0.96500 1.01000                             1.00250   0.99000                                                                      
Long-term Debt, Fair Value           327,000,000 342,000,000     152,000,000 264,000,000         301,000,000   772,000,000 808,000,000                             456,000,000   254,000,000                                                                      
Interest Paid $ 134,400,000 $ 136,700,000 $ 116,900,000