XML 52 R42.htm IDEA: XBRL DOCUMENT v3.7.0.1
INDEBTEDNESS (Details) - USD ($)
3 Months Ended
Apr. 01, 2017
Dec. 31, 2016
Debt    
Balance at the beginning of the period $ 356,200,000  
Borrowings 6,100,000  
Repayments (8,700,000)  
Other [1] 900,000  
Balance at the end of the period 354,500,000  
Less: short-term debt 17,100,000 $ 14,800,000
Less: current maturities of long-term debt 18,000,000 17,900,000
Total long-term debt 319,400,000 323,500,000
Trade receivables financing arrangement    
Debt    
Balance at the beginning of the period [2] 0  
Borrowings [2] 0  
Repayments [2] 0  
Other [1],[2] 0  
Balance at the end of the period [2] 0  
Maximum borrowing capacity 50,000,000  
Amount of available borrowing capacity 39,900,000  
Other indebtedness    
Debt    
Balance at the beginning of the period [3] 16,600,000  
Borrowings [3] 6,100,000  
Repayments [3] (4,400,000)  
Other [1],[3] 800,000  
Balance at the end of the period [3] 19,100,000  
Purchase card programs 3,600,000 3,900,000
Capital lease obligations 1,900,000 1,700,000
Revolving loans | Current Revolving SPX Facilities    
Debt    
Balance at the beginning of the period 0  
Borrowings 0  
Repayments 0  
Other [1] 0  
Balance at the end of the period 0  
Term loans | Current SPX Term Loan Facilities    
Debt    
Balance at the beginning of the period [4] 339,600,000  
Borrowings [4] 0  
Repayments [4] (4,300,000)  
Other [1],[4] 100,000  
Balance at the end of the period [4] $ 335,400,000  
Initial principal amount of the term loan to be repaid annually in quarterly installments (as a percent) 1.25%  
Original loan balance $ 350,000,000.0  
Debt issuance costs 1,500,000 1,600,000
Foreign credit instrument facility | Other indebtedness | South Africa and China    
Debt    
Borrowings under line of credit $ 13,000,000 $ 10,200,000
[1] “Other” primarily includes debt assumed, foreign currency translation on any debt instruments denominated in currencies other than the U.S. dollar, and the impact of amortization of debt issuance costs associated with the term loan.
[2] Under this arrangement, we can borrow, on a continuous basis, up to $50.0, as available. At April 1, 2017, we had $39.9 of available borrowing capacity under this facility.
[3] Primarily includes balances under a purchase card program of $3.6 and $3.9, capital lease obligations of $1.9 and $1.7, and borrowings under lines of credit in South Africa and China totaling $13.0 and $10.2, at April 1, 2017 and December 31, 2016, respectively. The purchase card program allows for payment beyond the normal payment terms for goods and services acquired under the program. As this arrangement extends the payment of these purchases beyond their normal payment terms through third-party lending institutions, we have classified these amounts as short-term debt.
[4] The term loan is repayable in quarterly installments of 1.25% of the original loan balance of $350.0. The remaining balance is repayable in full on September 24, 2020. Balances are net of unamortized debt issuance costs of $1.5 and $1.6 at April 1, 2017 and December 31, 2016, respectively.