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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended
Apr. 01, 2017
Apr. 02, 2016
Income Statement [Abstract]    
Revenues [1] $ 340.6 $ 360.6
Costs and expenses:    
Cost of products sold 252.5 270.7
Selling, general and administrative 69.6 74.3
Intangible amortization 0.2 0.9
Special charges, net 0.5 0.5
Impairment of intangible assets 0.0 4.0
Gain on sale of dry cooling business 0.0 17.9
Operating income 17.8 28.1
Other income (expense), net (0.7) 1.2
Interest expense (4.0) (3.5)
Interest income 0.4 0.2
Income from continuing operations before income taxes 13.5 26.0
Income tax provision (3.2) (5.8)
Income from continuing operations 10.3 20.2
Loss from discontinued operations, net of tax 0.0 (5.5)
Gain (loss) on disposition of discontinued operations, net of tax 7.1 (1.1)
Income (loss) from discontinued operations, net of tax 7.1 (6.6)
Net income 17.4 13.6
Less: Net income attributable to noncontrolling interests 0.0 0.6
Net income 17.4 13.0
Amounts attributable to SPX Corporation common shareholders:    
Income from continuing operations, net of tax 10.3 19.6
Income (loss) from discontinued operations, net of tax 7.1 (6.6)
Net income $ 17.4 $ 13.0
Basic income per share of common stock:    
Income from continuing operations attributable to SPX Corporation common shareholders (in dollars per share) $ 0.24 $ 0.47
Income (loss) from discontinued operations attributable to SPX Corporation common shareholders (in dollars per share) 0.17 (0.16)
Net income per share attributable to SPX Corporation common shareholders (in dollars per share) $ 0.41 $ 0.31
Weighted-average number of common shares outstanding — basic 42,108 41,293
Diluted income per share of common stock:    
Income from continuing operations attributable to SPX Corporation common shareholders (in dollars per share) $ 0.24 $ 0.47
Income (loss) from discontinued operations attributable to SPX Corporation common shareholders (in dollars per share) 0.16 (0.16)
Net income per share attributable to SPX Corporation common shareholders (in dollars per share) $ 0.40 $ 0.31
Weighted-average number of common shares outstanding — diluted 43,454 41,553
Comprehensive income (loss) $ 16.4 $ (25.1)
[1] Under the percentage-of-completion method, we recognized revenues of $78.8 and $104.3 in the three months ended April 1, 2017 and April 2, 2016, respectively. Costs and estimated earnings in excess of billings on uncompleted contracts accounted for under the percentage-of-completion method were $38.1 and $33.9 as of April 1, 2017 and December 31, 2016, respectively, and are reported as a component of ‘‘Accounts receivable, net’’ in the condensed consolidated balance sheets. Billings in excess of costs and estimated earnings on uncompleted contracts accounted for under the percentage-of-completion method were $42.8 and $53.3 as of April 1, 2017 and December 31, 2016, respectively, and are reported as a component of ‘‘Accrued expenses’’ in the condensed consolidated balance sheets.