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Basis of Preparation (Tables)
 9 Months Ended
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