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Reportable Segments (Tables) | 9 Months Ended
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Sep. 30, 2018
Segment Reporting [Abstract] |
Schedule of Reportable and Product Sales Information Segments |
| Three Months Ended September 30, 2018
| Energy & Chemicals |  | D&S West |  | D&S East |  | Intersegment Eliminations |  | Corporate |  | Consolidated
Sales to external customers | $ | 98.1 |  |  | $ | 119.0 |  |  | $ | 56.8 |  |  | $ | (1.7 | ) |  | $ | — |  |  | $ | 272.2 |
Depreciation and amortization expense | 6.5 |  |  | 2.8 |  |  | 2.5 |  |  | — |  |  | 0.3 |  |  | 12.1 |
Operating income (loss) (1) (2) (4) | 12.1 |  |  | 31.9 |  |  | 3.3 |  |  | (0.5 | ) |  | (15.3 | ) |  | 31.5 |
Capital expenditures | 3.8 |  |  | 1.3 |  |  | 2.5 |  |  | — |  |  | 0.8 |  |  | 8.4 |
| Three Months Ended September 30, 2017
| Energy & Chemicals |  | D&S West |  | D&S East |  | Intersegment Eliminations |  | Corporate |  | Consolidated
Sales to external customers | $ | 46.6 |  |  | $ | 99.6 |  |  | $ | 63.2 |  |  | $ | (6.7 | ) |  | $ | — |  |  | $ | 202.7 |
Depreciation and amortization expense | 3.3 |  |  | 2.6 |  |  | 2.7 |  |  | — |  |  | 0.5 |  |  | 9.1 |
Operating income (loss) (1) (2) (3) (4) | 0.3 |  |  | 23.1 |  |  | 5.6 |  |  | (1.4 | ) |  | (20.4 | ) |  | 7.2 |
Capital expenditures | 2.8 |  |  | 0.6 |  |  | 1.3 |  |  | — |  |  | 1.7 |  |  | 6.4 |
| Nine Months Ended September 30, 2018
| Energy & Chemicals |  | D&S West |  | D&S East |  | Intersegment Eliminations |  | Corporate |  | Consolidated
Sales to external customers | $ | 288.8 |  |  | $ | 337.2 |  |  | $ | 174.3 |  |  | $ | (6.1 | ) |  | $ | — |  |  | $ | 794.2 |
Depreciation and amortization expense | 19.6 |  |  | 8.4 |  |  | 7.9 |  |  | — |  |  | 1.0 |  |  | 36.9 |
Operating income (loss) (1) (2) (3) (4) (5) | 20.8 |  |  | 77.7 |  |  | 13.5 |  |  | (1.7 | ) |  | (44.5 | ) |  | 65.8 |
Capital expenditures | 11.9 |  |  | 4.7 |  |  | 6.0 |  |  | — |  |  | 3.8 |  |  | 26.4 |
| Nine Months Ended September 30, 2017
| Energy & Chemicals |  | D&S West |  | D&S East |  | Intersegment Eliminations |  | Corporate |  | Consolidated
Sales to external customers | $ | 126.5 |  |  | $ | 295.6 |  |  | $ | 166.7 |  |  | $ | (15.3 | ) |  | $ | — |  |  | $ | 573.5 |
Depreciation and amortization expense | 9.0 |  |  | 7.8 |  |  | 6.6 |  |  | — |  |  | 1.8 |  |  | 25.2 |
Operating (loss) income (1) (2) (4) | (2.4 | ) |  | 62.3 |  |  | 11.8 |  |  | (3.6 | ) |  | (50.5 | ) |  | 17.6 |
Capital expenditures | 7.4 |  |  | 3.4 |  |  | 8.7 |  |  | — |  |  | 2.3 |  |  | 21.8 |
_______________
(1) | Includes sales and operating income for Hudson, included in the E&C segment results since the acquisition date, September 20, 2017 as follows:
• | Sales were $44.1 and $6.1 for the three months ended September 30, 2018 and 2017, respectively.
• | Sales were $134.9 and $6.1 for the nine months ended September 30, 2018 and 2017, respectively.
• | Operating income was $4.3 and $1.2 for the three months ended September 30, 2018 and 2017, respectively.
• | Operating income was $14.6 and $1.2 for the nine months ended September 30, 2018 and 2017, respectively.
(2) | Includes restructuring costs of:
• | $2.0 and $2.3 for the three months ended September 30, 2018 and 2017 respectively, and
• | $3.5 and $8.5 for the nine months ended September 30, 2018 and 2017 respectively.
(3) | Includes an expense of $3.8 recorded to cost of sales related to the estimated costs of the aluminum cryobiological tank recall for the nine months ended September 30, 2018.
(4) | Includes transaction-related costs of:
• | $2.0 and $7.4 for the three months ended September 30, 2018 and 2017, respectively, and
• | $4.1 and $8.6 for the nine months ended September 30, 2018 and 2017, respectively.
(5) | Includes net severance costs of $0.9 related to headcount reductions associated with the strategic realignment of our segment structure, which includes $1.8 in payroll severance costs partially offset by a $0.9 credit due to related share-based compensation forfeitures for the nine months ended September 30, 2018. Includes net severance costs of $1.4 related to the departure of our former CEO on June 11, 2018, which includes $3.2 in payroll severance costs partially offset by a $1.8 credit due to related share-based compensation forfeitures for the nine months ended September 30, 2018.
Product Sales Information
| Three Months Ended September 30, 2018
| Energy & Chemicals |  | D&S West |  | D&S East |  | Intersegment Eliminations |  | Consolidated
Natural gas processing (including petrochemical) applications | $ | 63.5 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 63.5 |
Liquefied natural gas (LNG) applications | 12.4 |  |  | 20.5 |  |  | 11.8 |  |  | (0.4 | ) |  | 44.3 |
Industrial gas applications | 3.4 |  |  | — |  |  | — |  |  | — |  |  | 3.4 |
HVAC, power and refining applications | 18.8 |  |  | — |  |  | — |  |  | — |  |  | 18.8 |
Bulk industrial gas applications | — |  |  | 41.1 |  |  | 31.8 |  |  | (0.4 | ) |  | 72.5 |
Packaged gas industrial applications | — |  |  | 37.2 |  |  | 13.2 |  |  | (0.9 | ) |  | 49.5 |
Cryobiological storage | — |  |  | 20.2 |  |  | — |  |  | — |  |  | 20.2 |
Total | $ | 98.1 |  |  | $ | 119.0 |  |  | $ | 56.8 |  |  | $ | (1.7 | ) |  | $ | 272.2 |
| Three Months Ended September 30, 2017
| Energy & Chemicals |  | D&S West |  | D&S East |  | Intersegment Eliminations |  | Consolidated
Natural gas processing (including petrochemical) applications | $ | 27.3 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 27.3 |
Liquefied natural gas (LNG) applications | 5.5 |  |  | 13.5 |  |  | 26.2 |  |  | (5.8 | ) |  | 39.4 |
Industrial gas applications | 11.6 |  |  | — |  |  | — |  |  | — |  |  | 11.6 |
HVAC, power and refining applications | 2.2 |  |  | — |  |  | — |  |  | — |  |  | 2.2 |
Bulk industrial gas applications | — |  |  | 35.1 |  |  | 26.5 |  |  | (0.9 | ) |  | 60.7 |
Packaged gas industrial applications | — |  |  | 34.2 |  |  | 10.5 |  |  | — |  |  | 44.7 |
Cryobiological storage | — |  |  | 16.8 |  |  | — |  |  | — |  |  | 16.8 |
Total | $ | 46.6 |  |  | $ | 99.6 |  |  | $ | 63.2 |  |  | $ | (6.7 | ) |  | $ | 202.7 |
| Nine Months Ended September 30, 2018
| Energy & Chemicals |  | D&S West |  | D&S East |  | Intersegment Eliminations |  | Consolidated
Natural gas processing (including petrochemical) applications | $ | 191.2 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 191.2 |
Liquefied natural gas (LNG) applications | 28.5 |  |  | 54.4 |  |  | 48.3 |  |  | (2.0 | ) |  | 129.2 |
Industrial gas applications | 9.8 |  |  | — |  |  | — |  |  | — |  |  | 9.8 |
HVAC, power and refining applications | 59.3 |  |  | — |  |  | — |  |  | — |  |  | 59.3 |
Bulk industrial gas applications | — |  |  | 105.7 |  |  | 85.8 |  |  | (1.2 | ) |  | 190.3 |
Packaged gas industrial applications | — |  |  | 117.8 |  |  | 40.2 |  |  | (2.9 | ) |  | 155.1 |
Cryobiological storage | — |  |  | 59.3 |  |  | — |  |  | — |  |  | 59.3 |
Total | $ | 288.8 |  |  | $ | 337.2 |  |  | $ | 174.3 |  |  | $ | (6.1 | ) |  | $ | 794.2 |
| Nine Months Ended September 30, 2017
| Energy & Chemicals |  | D&S West |  | D&S East |  | Intersegment Eliminations |  | Consolidated
Natural gas processing (including petrochemical) applications | $ | 91.6 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 91.6 |
Liquefied natural gas (LNG) applications | 16.7 |  |  | 45.0 |  |  | 67.1 |  |  | (11.6 | ) |  | 117.2 |
Industrial gas applications | 16.0 |  |  | — |  |  | — |  |  | — |  |  | 16.0 |
HVAC, power and refining applications | 2.2 |  |  | — |  |  | — |  |  | — |  |  | 2.2 |
Bulk industrial gas applications | — |  |  | 94.2 |  |  | 64.7 |  |  | (3.5 | ) |  | 155.4 |
Packaged gas industrial applications | — |  |  | 99.4 |  |  | 34.9 |  |  | (0.2 | ) |  | 134.1 |
Cryobiological storage | — |  |  | 57.0 |  |  | — |  |  | — |  |  | 57.0 |
Total | $ | 126.5 |  |  | $ | 295.6 |  |  | $ | 166.7 |  |  | $ | (15.3 | ) |  | $ | 573.5 |
Segment Assets |
Total Assets |  | September 30, 2018 |  | December 31, 2017
Energy & Chemicals |  | $ | 755.4 |  |  | $ | 784.1 |
D&S West |  | 435.0 |  |  | 415.7 |
D&S East |  | 321.2 |  |  | 327.3 |
Corporate |  | 103.5 |  |  | 92.7 |
Discontinued Operations |  | 123.4 |  |  | 104.9 |
Total |  | $ | 1,738.5 |  |  | $ | 1,724.7 |

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