XML 32 R22.htm IDEA: XBRL DOCUMENT
v3.5.0.2

DISCONTINUED OPERATIONS AND SALE OF DRY COOLING BUSINESS (Tables) | 9 Months Ended
--- | ---
Oct. 01, 2016
Discontinued Operations and Disposal Groups [Abstract] |
Schedule of income (loss) from discontinued operations and related income taxes | Major classes of line items constituting pre-tax income and after-tax income of SPX FLOW are shown below:
| Three months ended |  | Nine months ended
| September 26, 2015 |  | September 26, 2015
Revenues | $ | 589.5 |  |  | $ | 1,775.1 |
Costs and expenses: |  |  |  |  |
Cost of products sold | 391.5 |  |  | 1,179.3 |
Selling, general and administrative (1) | 121.7 |  |  | 368.2 |
Intangible amortization | 5.8 |  |  | 17.7 |
Impairment of intangible assets | 15.0 |  |  | 15.0 |
Special charges | 34.0 |  |  | 41.2 |
Other income (expense), net | (2.4 | ) |  | 1.3 |
Interest expense, net | (11.0 | ) |  | (32.6 | )
Income before taxes | 8.1 |  |  | 122.4 |
Income tax provision | (7.4 | ) |  | (41.6 | )
Income from discontinued operations, net of tax | 0.7 |  |  | 80.8 |
Less: Net loss attributable to noncontrolling interest | — |  |  | (0.9 | )
Income from discontinued operations attributable to SPX Corporation common shareholders, net of tax | $ | 0.7 |  |  | $ | 81.7 |
___________________________
(1) | Includes $16.8 and $30.8 for the three and nine months ended September 26, 2015, respectively, of professional fees and other costs that were incurred in connection with the Spin-Off.
Schedule of disposal groups, including discontinued operations, income statement, balance sheet and additional disclosures | The major classes of assets and liabilities held for sale as of December 31, 2015 are shown below:
Assets: |
Accounts receivable, net | $ | 49.2 |
Inventories, net | 12.9 |
Other current assets | 13.9 |
Property, plant and equipment, net | 3.3 |
Goodwill | 10.7 |
Intangibles, net | 8.3 |
Other assets | 8.8 |
Assets held for sale | $ | 107.1 |
Liabilities: |
Accounts payable | $ | 13.7 |
Accrued expenses | 25.3 |
Other long-term liabilities | 2.3 |
Liabilities held for sale | $ | 41.3 |
For the three and nine months ended October 1, 2016 and September 26, 2015, the table below presents a reconciliation of discontinued operations activity to the related amounts in the condensed consolidated statements of operations:
| Three months ended |  | Nine months ended
| October 1, 2016 |  | September 26, 2015 |  | October 1, 2016 |  | September 26, 2015
SPX FLOW |  |  |  |  |  |  |
Income from discontinued operations | $ | — |  |  | $ | 8.1 |  |  | $ | — |  |  | $ | 122.4 |
Income tax provision | — |  |  | (7.4 | ) |  | — |  |  | (41.6 | )
Income from discontinued operations, net | — |  |  | 0.7 |  |  | — |  |  | 80.8 |
All other |  |  |  |  |  |  |
Loss from discontinued operations | (0.5 | ) |  | (1.1 | ) |  | (2.3 | ) |  | (3.6 | )
Income tax (provision) benefit | (0.2 | ) |  | 0.5 |  |  | 0.1 |  |  | 2.1 |
Loss from discontinued operations, net | (0.7 | ) |  | (0.6 | ) |  | (2.2 | ) |  | (1.5 | )
Total |  |  |  |  |  |  |
Income (loss) from discontinued operations | (0.5 | ) |  | 7.0 |  |  | (2.3 | ) |  | 118.8 |
Income tax (provision) benefit | (0.2 | ) |  | (6.9 | ) |  | 0.1 |  |  | (39.5 | )
Income (loss) from discontinued operations, net | $ | (0.7 | ) |  | $ | 0.1 |  |  | $ | (2.2 | ) |  | $ | 79.3 |
The following table presents selected financial information regarding cash flows of SPX FLOW that are included within discontinued operations in the condensed consolidated statement of cash flows for the nine months ended September 26, 2015:
Non-cash items included in income from discontinued operations: |
Depreciation and amortization | $ | 44.3 |
Impairment of intangible assets | 15.0 |
Capital expenditures | 43.1 |

X
- Definition Tabular disclosure of the income (loss) from discontinued operations and the related income taxes. + References No definition available. + Details
Name: | spxc_ScheduleOfIncomeLossFromDiscontinuedOperationsAndCalculatedIncomeTaxesTableTextBlock
Namespace Prefix: | spxc_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=65878427&loc=SL51721533-107759 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721665-107760 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=64827811&loc=d3e1474-107760 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=64827811&loc=d3e1361-107760 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721683-107760 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=64862545&loc=SL51724579-110230 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5C -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721675-107760 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4A -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721663-107760 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=64862545&loc=d3e2941-110230 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5B -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721673-107760 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721659-107760 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5A -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721671-107760 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5D -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721677-107760 + Details
Name: | us-gaap_ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration