INCOME TAXES	9 Months Ended
Sep. 30, 2017
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES During the three months ended September 30, 2017, the Company recognized an income tax expense of $0.1 million on income of $56.7 million, an effective tax rate of 0.2%, as compared to an income tax benefit of $19.3 million on income of $13.9 million, an effective tax rate of (138.8)%, for the three months ended September 30, 2016. The higher effective tax rate for the three months ended September 30, 2017 is primarily due to lower tax benefits from the establishment of net operating loss carryforwards and geographic mix of earnings when compared to the three months ended September 30, 2016. During the nine months ended September 30, 2017, the Company recognized an income tax benefit of $5.1 million on income of $86.6 million, an effective tax rate of (5.9)%, as compared to an income tax benefit of $82.5 million on income of $38.3 million, an effective tax rate of (215.4)%, for the nine months ended September 30, 2016. The higher effective tax rate for the nine months ended September 30, 2017 is primarily due to lower tax benefits from the establishment of net operating loss carryforwards, valuation allowance releases and agreement with a non-U.S. authority with respect to certain tax matters extending back a period of years, partially offset by low-taxed capital gains from the disposition of Konecranes shares, tax benefits from interest deductions, and geographic mix of earnings when compared to the nine months ended September 30, 2016.

INCOME TAXES

9 Months Ended

Sep. 30, 2017

During the three months ended September 30, 2017, the Company recognized an income tax expense of $0.1 million on income of $56.7 million, an effective tax rate of 0.2%, as compared to an income tax benefit of $19.3 million on income of $13.9 million, an effective tax rate of (138.8)%, for the three months ended September 30, 2016. The higher effective tax rate for the three months ended September 30, 2017 is primarily due to lower tax benefits from the establishment of net operating loss carryforwards and geographic mix of earnings when compared to the three months ended September 30, 2016.

During the nine months ended September 30, 2017, the Company recognized an income tax benefit of $5.1 million on income of $86.6 million, an effective tax rate of (5.9)%, as compared to an income tax benefit of $82.5 million on income of $38.3 million, an effective tax rate of (215.4)%, for the nine months ended September 30, 2016. The higher effective tax rate for the nine months ended September 30, 2017 is primarily due to lower tax benefits from the establishment of net operating loss carryforwards, valuation allowance releases and agreement with a non-U.S. authority with respect to certain tax matters extending back a period of years, partially offset by low-taxed capital gains from the disposition of Konecranes shares, tax benefits from interest deductions, and geographic mix of earnings when compared to the nine months ended September 30, 2016.