XML 50 R31.htm IDEA: XBRL DOCUMENT v2.4.0.6

Acquisitions, Discontinued Operations and Other Dispositions (Tables)

12 Months Ended

Dec. 31, 2011

Acquisitions, Discontinued Operations and Other Dispositions

Summary of the recorded preliminary fair values of the assets acquired and liabilities assumed for Clyde Union

Assets acquired:
Current assets, including cash and equivalents of $44.3		$	353.8
Property, plant and equipment			67.3
Goodwill			314.8
Intangible assets			385.4
Other assets			28.5
Total assets acquired			1,149.8
Liabilities assumed:
Current liabilities			222.0
Other long-term liabilities			159.0
Total liabilities assumed			381.0
Noncontrolling interest			1.8
Net assets acquired		$	767.0

Schedule of unaudited pro forma information

		Year Ended December 31,
		2011			2010
Revenues		$	4,985.6		$	4,517.3
Income from continuing operations attributable to SPX Corporation common shareholders			157.8			195.3
Net income attributable to SPX Corporation common shareholders			188.5			220.1
Income from continuing operations:
Basic		$	3.12		$	3.93
Diluted		$	3.10		$	3.88
Net income attributable to SPX Corporation common shareholders:
Basic		$	3.73		$	4.43
Diluted		$	3.70		$	4.37

Schedule of businesses sold showing quarter discontinued and quarter sold

Business		Quarter Discontinued			Quarter Sale Closed
Cooling Spain Packaging business ("Cooling Spain")			Q4 2010			Q4 2010
P.S.D., Inc. ("PSD")			Q2 2009			Q1 2010
Automotive Filtration Solutions business ("Filtran")			Q4 2008			Q4 2009
Dezurik			Q3 2008			Q1 2009

Schedule of income (loss) from discontinued operations and related income taxes

		Year ended December 31,
		2011			2010			2009
Income (loss) from discontinued operations(1)		$	47.5		$	19.8		$	(255.5	)
Income tax (expense) benefit(1)			(16.8	)		5.0			47.5
Income (loss) from discontinued operations, net(1)		$	30.7		$	24.8		$	(208.0	)

⁽¹⁾

Amounts for 2009 included impairment charges of $188.7 associated with goodwill and certain intangible assets of the Service Solutions business, along with the related income tax benefit of $23.3.

Schedule of results of operations of businesses reported as discontinued operations

		Year ended December 31,
		2011			2010			2009
Revenues		$	910.5		$	778.8		$	760.8
Pre-tax income (loss)(1)			50.5			20.5			(206.5	)

⁽¹⁾

Amount for 2009 included impairment charges of $188.7 associated with goodwill and certain intangible assets of the Service Solutions business.

Schedule of major classes of assets and liabilities, excluding intercompany balances

		December 31, 2011			December 31, 2010
Assets:
Accounts receivable, net		$	191.8		$	194.7
Inventories			127.7			108.9
Other current assets			9.3			8.8
Property, plant and equipment, net			48.7			50.6
Goodwill and intangibles, net			283.9			257.2
Other assets			58.7			66.1
Assets of discontinued operations		$	720.1		$	686.3
Liabilities:
Accounts payable		$	109.3		$	105.2
Accrued expenses			109.4			95.1
Income taxes payable			1.5			—
Deferred and other income taxes			6.6			3.0
Other liabilities			7.6			6.8
Liabilities of discontinued operations		$	234.4		$	210.1

X

- Definition

Tabular disclosure representing the quarter during which businesses have been sold and reported as discontinued operations.

+ References

No definition available.

+ Details

Name:	spw_ScheduleOfDisposalGroupIncludingDiscontinuedOperationPeriodOfOperationDiscontinuedAndSoldTableTextBlock
Namespace Prefix:	spw_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the major classes of assets and liabilities, excluding intercompany balances of discontinued operations.

+ References

No definition available.

+ Details

Name:	spw_ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsBalanceSheetTableTextBlock
Namespace Prefix:	spw_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the results of operations for discontinued operations during the phase-out period.

+ References

No definition available.

+ Details

Name:	spw_ScheduleOfIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodTableTextBlock
Namespace Prefix:	spw_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the income (loss) from discontinued operations and the related income taxes.

+ References

No definition available.

+ Details

Name:	spw_ScheduleOfIncomeLossFromDiscontinuedOperationsAndCalculatedIncomeTaxesTableTextBlock
Namespace Prefix:	spw_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 805

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (h)(2)-(3)

-URI http://asc.fasb.org/extlink&oid=6909870&loc=d3e1392-128463



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 141

-Paragraph 54

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 141

-Paragraph 55

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 141R

-Paragraph 68

-Subparagraph r(2, 3)

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Name:	us-gaap_BusinessAcquisitionProFormaInformationTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Details

Name:	us-gaap_BusinessCombinationsAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of all of the fair values of the purchase price and assets and liabilities acquired in a business combination.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Topic 805

-SubTopic 30

-Publisher FASB

-Number

-Article

-Subparagraph

-Name Accounting Standards Codification

-Paragraph 1

-Section 50

-URI http://asc.fasb.org/extlink&oid=6911361&loc=d3e6927-128479

+ Details

Name:	us-gaap_ScheduleOfPurchasePriceAllocationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration