INCOME TAXES	9 Months Ended
Sep. 30, 2018
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES During the three months ended September 30, 2018, the Company recognized income tax expense of $12.3 million on income of $50.7 million, an effective tax rate of 24.3%, as compared to income tax expense of $0.1 million on income of $56.7 million, an effective tax rate of 0.2%, for the three months ended September 30, 2017. The higher effective tax rate for the three months ended September 30, 2018 is primarily due to low-taxed appreciation of Konecranes Plc, a Finnish public company limited by shares, (“Konecranes”) shares and favorable geographic mix of earnings in the three months ended September 30, 2017, partially offset by tax benefits from audit settlements and release of reserves for uncertain tax positions in the three months ended September 30, 2018. During the nine months ended September 30, 2018, the Company recognized income tax expense of $52.6 million on income of $194.5 million, an effective tax rate of 27.0%, as compared to income tax benefit of $5.1 million on income of $86.6 million, an effective tax rate of (5.9)%, for the nine months ended September 30, 2017. The higher effective tax rate for the nine months ended September 30, 2018 is primarily due to low-taxed appreciation of Konecranes shares, a tax benefit for a non-U.S. interest deduction, and favorable geographic mix of earnings in the nine months ended September 30, 2017, when compared with the nine months ended September 30, 2018. During the fourth quarter of 2017, the Company recorded provisional amounts for the effects of the 2017 Federal Tax Act pursuant to Staff Accounting Bulletin No. 118. In the third quarter of 2018, the Company recorded measurement period adjustments that did not have a material effect on the Condensed Consolidated Financial Statements. The Company will continue to update its calculations as additional information is obtained and analyzed, interpretations of law and assumptions are refined, and additional guidance is issued. The Company will finalize the 2017 provisional amounts in the fourth quarter of 2018.

INCOME TAXES

During the three months ended September 30, 2018, the Company recognized income tax expense of $12.3 million on income of $50.7 million, an effective tax rate of 24.3%, as compared to income tax expense of $0.1 million on income of $56.7 million, an effective tax rate of 0.2%, for the three months ended September 30, 2017. The higher effective tax rate for the three months ended September 30, 2018 is primarily due to low-taxed appreciation of Konecranes Plc, a Finnish public company limited by shares, (“Konecranes”) shares and favorable geographic mix of earnings in the three months ended September 30, 2017, partially offset by tax benefits from audit settlements and release of reserves for uncertain tax positions in the three months ended September 30, 2018.

During the nine months ended September 30, 2018, the Company recognized income tax expense of $52.6 million on income of $194.5 million, an effective tax rate of 27.0%, as compared to income tax benefit of $5.1 million on income of $86.6 million, an effective tax rate of (5.9)%, for the nine months ended September 30, 2017. The higher effective tax rate for the nine months ended September 30, 2018 is primarily due to low-taxed appreciation of Konecranes shares, a tax benefit for a non-U.S. interest deduction, and favorable geographic mix of earnings in the nine months ended September 30, 2017, when compared with the nine months ended September 30, 2018.

During the fourth quarter of 2017, the Company recorded provisional amounts for the effects of the 2017 Federal Tax Act pursuant to Staff Accounting Bulletin No. 118. In the third quarter of 2018, the Company recorded measurement period adjustments that did not have a material effect on the Condensed Consolidated Financial Statements. The Company will continue to update its calculations as additional information is obtained and analyzed, interpretations of law and assumptions are refined, and additional guidance is issued. The Company will finalize the 2017 provisional amounts in the fourth quarter of 2018.