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Basis of Preparation (Tables) | 9 Months Ended
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Sep. 30, 2018
Accounting Policies [Abstract] |
Summary of Current Period Impacts of Adopting ASC 606 | The following table summarizes the cumulative effect of the changes to our unaudited condensed consolidated balance sheet as of January 1, 2018 from the adoption of ASC 606:
| Balance at December 31, 2017 |  | Adjustments due to ASC 606 |  | Balance at January 1, 2018
Assets |  |  |  |  |
Inventories, net | $ | 173.7 |  |  | $ | (11.6 | ) |  | $ | 162.1 |
Unbilled contract revenue | 36.5 |  |  | 6.5 |  |  | 43.0 |
Prepaid expenses | 14.4 |  |  | (1.6 | ) |  | 12.8 |
Liabilities |  |  |  |  |
Accounts payable | $ | 105.4 |  |  | $ | 0.2 |  |  | $ | 105.6 |
Customer advances and billings in excess of contract revenue | 109.6 |  |  | (9.9 | ) |  | 99.7 |
Other current liabilities | 39.9 |  |  | 0.1 |  |  | 40.0 |
Long-term deferred tax liabilities | 62.1 |  |  | 0.6 |  |  | 62.7 |
Equity |  |  |  |  |
Retained earnings | $ | 364.3 |  |  | $ | 2.3 |  |  | $ | 366.6 |
The following tables summarize the current period impacts of adopting ASC 606 on our unaudited condensed consolidated balance sheet and statement of operations:
| September 30, 2018
| As Reported |  | Balances without adoption of ASC 606 |  | Effect of adoption Higher (Lower)
Assets |  |  |  |  |
Accounts receivable, net of allowances | $ | 177.3 |  |  | $ | 176.5 |  |  | $ | 0.8 |
Inventories, net | 188.2 |  |  | 207.7 |  |  | (19.5 | )
Unbilled contract revenue | 34.2 |  |  | 25.6 |  |  | 8.6 |
Liabilities |  |  |  |  |
Customer advances and billings in excess of contract revenue | $ | 94.5 |  |  | $ | 110.2 |  |  | $ | (15.7 | )
Other current liabilities | 39.5 |  |  | 38.3 |  |  | 1.2 |
Long-term deferred tax liabilities | 55.3 |  |  | 54.3 |  |  | 1.0 |
Equity |  |  |  |  |
Retained earnings | $ | 406.9 |  |  | $ | 403.5 |  |  | $ | 3.4 |
| For the Three Months Ended September 30, 2018
| As Reported |  | Balances without adoption of ASC 606 |  | Effect of adoption Higher (Lower)
Sales | $ | 272.2 |  |  | $ | 275.0 |  |  | $ | (2.8 | )
Cost of sales | 189.9 |  |  | 192.3 |  |  | (2.4 | )
Selling, general, and administrative expenses | 45.8 |  |  | 46.2 |  |  | (0.4 | )
Income tax expense | 4.2 |  |  | 4.2 |  |  | — |
Net income from continuing operations attributable to Chart Industries, Inc. | 21.5 |  |  | 21.6 |  |  | (0.1 | )
Net income from continuing operations attributable to Chart Industries, Inc. per common share: |  |  |  |  |
Basic | $ | 0.70 |  |  | $ | 0.70 |  |  | $ | — |
Diluted | $ | 0.65 |  |  | $ | 0.65 |  |  | $ | — |
| For the Nine Months Ended September 30, 2018
| As Reported |  | Balances without adoption of ASC 606 |  | Effect of adoption Higher (Lower)
Sales | $ | 794.2 |  |  | $ | 785.8 |  |  | $ | 8.4 |
Cost of sales | 572.2 |  |  | 565.2 |  |  | 7.0 |
Selling, general, and administrative expenses | 140.5 |  |  | 140.7 |  |  | (0.2 | )
Income tax expense | 9.7 |  |  | 9.3 |  |  | 0.4 |
Net income from continuing operations attributable to Chart Industries, Inc. | 35.6 |  |  | 34.5 |  |  | 1.1 |
Net income from continuing operations attributable to Chart Industries, Inc. per common share: |  |  |  |  |
Basic | $ | 1.15 |  |  | $ | 1.11 |  |  | $ | 0.04 |
Diluted | $ | 1.11 |  |  | $ | 1.08 |  |  | $ | 0.03 |

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- Definition Tabular disclosure of changes in accounting principles, including adoption of new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=64853466&loc=d3e22580-107794 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=68064558&loc=d3e765-108305 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=64853466&loc=d3e22499-107794 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.10-01.(b)(6)) -URI http://asc.fasb.org/extlink&oid=27015980&loc=d3e46468-122699 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=64853466&loc=d3e22583-107794 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=68064558&loc=d3e725-108305 + Details
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