XML 62 R69.htm IDEA: XBRL DOCUMENT v2.4.0.8
Subsidiary Guarantors of 2018 Notes, 2020 Notes and 2022 Notes (Details) (USD $)
In Millions, unless otherwise specified
 3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Condensed Consolidating Statement of Operations        
Net sales $ 1,046.6 $ 997.2 $ 1,944.6 $ 1,849.1
Costs and expenses:        
Cost of sales 773.8 746.0 1,451.8 1,394.6
Engineering, selling and administrative expenses 161.3 149.6 319.4 296.5
Amortization expense 9.0 9.3 18.1 18.6
Restructuring expense 0.9 0.2 1.2 0.9
Other 0 0.1 0.3 0.1
Equity in (earnings) loss of subsidiaries 0 0 0 0
Total costs and expenses 945.0 905.2 1,790.8 1,710.7
Operating earnings (loss) from continuing operations 101.6 92.0 153.8 138.4
Other income (expenses):        
Interest expense (32.6) (33.8) (65.9) (66.8)
Amortization of deferred financing fees (1.7) (2.1) (3.5) (4.1)
Loss on debt extinguishment 0 0 (0.4) 0
Management fee income (expense) 0 0 0 0
Other income (expense), net (1.4) 2.0 0.2 0.2
Total other income (expenses) (35.7) (33.9) (69.6) (70.7)
Earnings (loss) from continuing operations before taxes on earnings 65.9 58.1 84.2 67.7
Provision (benefit) for taxes on income 9.3 15.5 17.8 26.9
Earnings (loss) from continuing operations 56.6 42.6 66.4 40.8
Discontinued operations:        
Earnings (loss) from discontinued operations, net of income taxes (2.1) 0.4 (2.2) 0
Loss on sale of discontinued operations, net of income taxes 0 0 (1.6) 0
Net earnings (loss) 54.5 43.0 62.6 40.8
Less: Net loss attributable to noncontrolling interest, net of tax (3.1) (2.3) (5.4) (4.2)
Net earnings (loss) attributable to Manitowoc 57.6 45.3 68.0 45.0
Comprehensive income (loss) attributable to Manitowoc 57.7 2.7 51.9 22.8
Parent
        
Condensed Consolidating Statement of Operations        
Net sales 0 0 0 0
Costs and expenses:        
Cost of sales 0 0 0 0
Engineering, selling and administrative expenses 15.5 15.8 33.2 31.2
Amortization expense 0 0 0 0
Restructuring expense 0 0 0 0
Other 0 0 0 0
Equity in (earnings) loss of subsidiaries (61.1) (55.3) (86.6) (64.3)
Total costs and expenses (45.6) (39.5) (53.4) (33.1)
Operating earnings (loss) from continuing operations 45.6 39.5 53.4 33.1
Other income (expenses):        
Interest expense (29.9) (30.3) (60.3) (60.3)
Amortization of deferred financing fees (1.7) (2.1) (3.5) (4.1)
Loss on debt extinguishment 0   (0.4)  
Management fee income (expense) 14.9 15.4 29.7 30.8
Other income (expense), net 1.5 12.5 5.9 29.5
Total other income (expenses) (15.2) (4.5) (28.6) (4.1)
Earnings (loss) from continuing operations before taxes on earnings 30.4 35.0 24.8 29.0
Provision (benefit) for taxes on income (27.2) (10.3) (43.2) (16.0)
Earnings (loss) from continuing operations 57.6 45.3 68.0 45.0
Discontinued operations:        
Earnings (loss) from discontinued operations, net of income taxes 0 0 0 0
Loss on sale of discontinued operations, net of income taxes 0   0  
Net earnings (loss) 57.6 45.3 68.0 45.0
Less: Net loss attributable to noncontrolling interest, net of tax 0 0 0 0
Net earnings (loss) attributable to Manitowoc 57.6 45.3 68.0 45.0
Comprehensive income (loss) attributable to Manitowoc 57.7 2.7 51.9 22.8
Guarantor Subsidiaries
        
Condensed Consolidating Statement of Operations        
Net sales 682.3 664.1 1,302.1 1,248.1
Costs and expenses:        
Cost of sales 511.1 502.3 990.7 951.4
Engineering, selling and administrative expenses 66.2 60.1 130.5 120.1
Amortization expense 7.4 7.5 14.8 14.9
Restructuring expense 0.1 0 0.1 0.2
Other 0 0.1 0.3 0.1
Equity in (earnings) loss of subsidiaries (5.7) (5.8) (18.5) (20.0)
Total costs and expenses 579.1 564.2 1,117.9 1,066.7
Operating earnings (loss) from continuing operations 103.2 99.9 184.2 181.4
Other income (expenses):        
Interest expense (0.4) (0.4) (0.6) (0.9)
Amortization of deferred financing fees 0 0 0 0
Loss on debt extinguishment 0   0  
Management fee income (expense) (18.7) (19.3) (36.1) (37.8)
Other income (expense), net (8.7) (12.7) (16.4) (30.5)
Total other income (expenses) (27.8) (32.4) (53.1) (69.2)
Earnings (loss) from continuing operations before taxes on earnings 75.4 67.5 131.1 112.2
Provision (benefit) for taxes on income 26.1 23.9 45.3 35.4
Earnings (loss) from continuing operations 49.3 43.6 85.8 76.8
Discontinued operations:        
Earnings (loss) from discontinued operations, net of income taxes (2.0) (0.2) (2.2) (0.5)
Loss on sale of discontinued operations, net of income taxes 0   0  
Net earnings (loss) 47.3 43.4 83.6 76.3
Less: Net loss attributable to noncontrolling interest, net of tax 0 0 0 0
Net earnings (loss) attributable to Manitowoc 47.3 43.4 83.6 76.3
Comprehensive income (loss) attributable to Manitowoc 47.2 44.3 83.5 77.5
Non-Guarantor Subsidiaries
        
Condensed Consolidating Statement of Operations        
Net sales 527.0 491.2 974.5 899.3
Costs and expenses:        
Cost of sales 425.4 401.8 793.1 741.5
Engineering, selling and administrative expenses 79.6 73.7 155.7 145.2
Amortization expense 1.6 1.8 3.3 3.7
Restructuring expense 0.8 0.2 1.1 0.7
Other 0 0 0 0
Equity in (earnings) loss of subsidiaries 0 0 0 0
Total costs and expenses 507.4 477.5 953.2 891.1
Operating earnings (loss) from continuing operations 19.6 13.7 21.3 8.2
Other income (expenses):        
Interest expense (2.3) (3.1) (5.0) (5.6)
Amortization of deferred financing fees 0 0 0 0
Loss on debt extinguishment 0   0  
Management fee income (expense) 3.8 3.9 6.4 7.0
Other income (expense), net 5.8 2.2 10.7 1.2
Total other income (expenses) 7.3 3.0 12.1 2.6
Earnings (loss) from continuing operations before taxes on earnings 26.9 16.7 33.4 10.8
Provision (benefit) for taxes on income 10.4 1.9 15.7 7.5
Earnings (loss) from continuing operations 16.5 14.8 17.7 3.3
Discontinued operations:        
Earnings (loss) from discontinued operations, net of income taxes (0.1) 0.6 0 0.5
Loss on sale of discontinued operations, net of income taxes 0   (1.6)  
Net earnings (loss) 16.4 15.4 16.1 3.8
Less: Net loss attributable to noncontrolling interest, net of tax (3.1) (2.3) (5.4) (4.2)
Net earnings (loss) attributable to Manitowoc 19.5 17.7 21.5 8.0
Comprehensive income (loss) attributable to Manitowoc 2.6 26.0 10.7 19.6
Eliminations
        
Condensed Consolidating Statement of Operations        
Net sales (162.7) (158.1) (332.0) (298.3)
Costs and expenses:        
Cost of sales (162.7) (158.1) (332.0) (298.3)
Engineering, selling and administrative expenses 0 0 0 0
Amortization expense 0 0 0 0
Restructuring expense 0 0 0 0
Other 0 0 0 0
Equity in (earnings) loss of subsidiaries 66.8 61.1 105.1 84.3
Total costs and expenses (95.9) (97.0) (226.9) (214.0)
Operating earnings (loss) from continuing operations (66.8) (61.1) (105.1) (84.3)
Other income (expenses):        
Interest expense 0 0 0 0
Amortization of deferred financing fees 0 0 0 0
Loss on debt extinguishment 0   0  
Management fee income (expense) 0 0 0 0
Other income (expense), net 0 0 0 0
Total other income (expenses) 0 0 0 0
Earnings (loss) from continuing operations before taxes on earnings (66.8) (61.1) (105.1) (84.3)
Provision (benefit) for taxes on income 0 0 0 0
Earnings (loss) from continuing operations (66.8) (61.1) (105.1) (84.3)
Discontinued operations:        
Earnings (loss) from discontinued operations, net of income taxes 0 0 0 0
Loss on sale of discontinued operations, net of income taxes 0   0  
Net earnings (loss) (66.8) (61.1) (105.1) (84.3)
Less: Net loss attributable to noncontrolling interest, net of tax 0 0 0 0
Net earnings (loss) attributable to Manitowoc (66.8) (61.1) (105.1) (84.3)
Comprehensive income (loss) attributable to Manitowoc $ (49.8) $ (70.3) $ (94.2) $ (97.1)