XML 12 R2.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 29, 2018
Sep. 30, 2017
Sep. 29, 2018
Sep. 30, 2017
Income Statement [Abstract]        
Revenues $ 362.5 $ 348.5 $ 1,093.6 $ 1,038.8
Costs and expenses:        
Cost of products sold 274.8 263.4 818.1 789.5
Selling, general and administrative 71.6 64.4 212.8 203.0
Intangible amortization 1.7 0.2 2.7 0.5
Special charges, net 1.0 1.0 4.6 2.0
Gain on contract settlement 0.0 10.2 0.0 10.2
Operating income 13.4 29.7 55.4 54.0
Other income (expense), net 0.7 1.2 3.9 (4.0)
Interest expense (5.9) (4.3) (15.3) (12.9)
Interest income 0.3 0.2 1.1 0.9
Income from continuing operations before income taxes 8.5 26.8 45.1 38.0
Income tax provision (1.7) (4.8) (6.2) (14.0)
Income from continuing operations 6.8 22.0 38.9 24.0
Income (loss) from discontinued operations, net of tax 0.0 0.0 0.0 0.0
Gain (loss) on disposition of discontinued operations, net of tax (0.2) 0.3 3.1 6.7
Income (loss) from discontinued operations, net of tax (0.2) 0.3 3.1 6.7
Net income $ 6.6 $ 22.3 $ 42.0 $ 30.7
Basic income per share of common stock:        
Income (loss) from continuing operations attributable to SPX Corporation common shareholders (in dollars per share) $ 0.16 $ 0.51 $ 0.91 $ 0.56
Income (loss) from discontinued operations attributable to SPX Corporation common shareholders (in dollars per share) (0.01) 0.01 0.07 0.16
Net income (loss) per share attributable to SPX Corporation common shareholders (in dollars per share) $ 0.15 $ 0.52 $ 0.98 $ 0.72
Weighted-average number of common shares outstanding — basic 43,080 42,540 42,948 42,347
Diluted income per share of common stock:        
Income (loss) from continuing operations attributable to SPX Corporation common shareholders (in dollars per share) $ 0.15 $ 0.50 $ 0.87 $ 0.55
Income (loss) from discontinued operations attributable to SPX Corporation common shareholders (in dollars per share) 0.00 0.01 0.07 0.15
Net income (loss) per share attributable to SPX Corporation common shareholders (in dollars per share) $ 0.15 $ 0.51 $ 0.94 $ 0.70
Weighted-average number of common shares outstanding — diluted 44,904 44,064 44,648 43,728
Comprehensive income $ 5.6 $ 41.4 $ 42.4 $ 48.9