XML 40 R29.htm IDEA: XBRL DOCUMENT v3.10.0.1
GOODWILL AND INTANGIBLE ASSETS, NET (Tables)
6 Months Ended
Jun. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of changes in goodwill by business segment
An analysis of changes in the Company’s goodwill by business segment is as follows (in millions):
 
    AWP
 
    Cranes
 
MP
 
Total
Balance at December 31, 2017, gross
$
140.2

 
$
179.3

 
$
195.2

 
$
514.7

Accumulated impairment
(38.6
)
 
(179.3
)
 
(23.2
)
 
(241.1
)
Balance at December 31, 2017, net
101.6

 

 
172.0

 
273.6

Foreign exchange effect and other
(0.5
)
 

 
(3.0
)
 
(3.5
)
Balance at June 30, 2018, gross
139.7

 
179.3

 
192.2

 
511.2

Accumulated impairment
(38.6
)
 
(179.3
)
 
(23.2
)
 
(241.1
)
Balance at June 30, 2018, net
$
101.1

 
$

 
$
169.0

 
$
270.1



Schedule of intangible assets by class
Intangible assets, net were comprised of the following as of June 30, 2018 and December 31, 2017 (in millions):
 
 
 
June 30, 2018
 
December 31, 2017
 
Weighted Average Life
(in years)
 
Gross Carrying Amount
 
Accumulated Amortization
 
Net Carrying Amount
 
Gross Carrying Amount
 
Accumulated Amortization
 
Net Carrying Amount
Definite-lived intangible assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
Technology
7
 
$
18.4

 
$
(17.6
)
 
$
0.8

 
$
18.8

 
$
(17.8
)
 
$
1.0

Customer Relationships
20
 
32.9

 
(28.5
)
 
4.4

 
33.2

 
(28.3
)
 
4.9

Land Use Rights
81
 
4.5

 
(0.6
)
 
3.9

 
4.8

 
(0.6
)
 
4.2

Other
8
 
26.4

 
(22.9
)
 
3.5

 
26.5

 
(22.8
)
 
3.7

Total definite-lived intangible assets
 
 
$
82.2

 
$
(69.6
)
 
$
12.6

 
$
83.3

 
$
(69.5
)
 
$
13.8

Finite-lived Intangible Assets Amortization Expense
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
(in millions)
2018
 
2017
 
2018
 
2017
Aggregate Amortization Expense
$
0.5

 
$
0.5

 
$
1.0

 
$
1.0

Schedule of intangible assets amortization expense
Estimated aggregate intangible asset amortization expense (in millions) for each of the next five years below is:
2018
$
2.0

2019
$
1.7

2020
$
1.7

2021
$
1.6

2022
$
1.4