XML 58 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Operations (USD $)
In Millions, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Operations        
Net sales $ 1,014.5 $ 947.5 $ 2,959.1 $ 2,796.6
Costs and expenses:        
Cost of sales 754.4 713.6 2,206.2 2,108.2
Engineering, selling and administrative expenses 151.0 152.5 470.4 449.0
Amortization expense 8.7 9.3 26.8 27.9
Restructuring expense 0.4 0.7 1.6 1.6
Other 0.2 1.9 0.5 2.0
Total operating costs and expenses 914.7 878.0 2,705.5 2,588.7
Earnings from operations 99.8 69.5 253.6 207.9
Other income (expenses):        
Interest expense (32.0) (34.4) (97.9) (101.2)
Amortization of deferred financing fees (1.8) (2.0) (5.3) (6.1)
Loss on debt extinguishment 0 0 (0.4) 0
Other income (expense), net 0.9 (0.2) 1.1 0
Total other income (expenses) (32.9) (36.6) (102.5) (107.3)
Earnings from continuing operations before taxes on earnings 66.9 32.9 151.1 100.6
Provision (benefit) for taxes on income 17.0 13.5 34.8 40.4
Earnings from continuing operations 49.9 19.4 116.3 60.2
Discontinued operations:        
Earnings (loss) from discontinued operations, net of income taxes 0.7 0.3 (1.5) 0.3
Loss on sale of discontinued operations, net of income taxes of $0.0, $0.0, $3.3 and $0.0, respectively 0 0 (1.6) 0
Net earnings 50.6 19.7 113.2 60.5
Less: Net loss attributable to noncontrolling interest, net of tax (2.3) (2.5) (7.7) (6.7)
Net earnings attributable to Manitowoc 52.9 22.2 120.9 67.2
Amounts attributable to the Manitowoc common shareholders:        
Earnings from continuing operations 52.2 21.9 124.0 66.9
Earnings (loss) from discontinued operations, net of income taxes 0.7 0.3 (1.5) 0.3
Loss on sale of discontinued operations, net of income taxes 0 0 (1.6) 0
Net earnings attributable to Manitowoc $ 52.9 $ 22.2 $ 120.9 $ 67.2
Basic earnings (loss) per common share:        
Earnings from continuing operations attributable to Manitowoc common shareholders $ 0.39 $ 0.17 $ 0.93 $ 0.51
Earnings (loss) from discontinued operations attributable to Manitowoc common shareholders $ 0.01 $ 0.00 $ (0.01) $ 0.00
Loss on sale of discontinued operations, net of income taxes $ 0.00 $ 0.00 $ (0.01) $ 0.00
Earnings (loss) per share attributable to Manitowoc common shareholders $ 0.40 $ 0.17 $ 0.91 $ 0.51
Diluted earnings (loss) per common share:        
Earnings from continuing operations attributable to Manitowoc common shareholders $ 0.39 $ 0.17 $ 0.92 $ 0.50
Earnings (loss) from discontinued operations attributable to Manitowoc common shareholders $ 0.01 $ 0.00 $ (0.01) $ 0.00
Loss on sale of discontinued operations, net of income taxes $ 0.00 $ 0.00 $ (0.01) $ 0.00
Earnings per share attributable to Manitowoc common shareholders $ 0.39 $ 0.17 $ 0.89 $ 0.51
Weighted average shares outstanding — basic 133,079,254 130,704,895 132,798,086 130,610,592
Weighted average shares outstanding — diluted 135,304,501 132,602,292 135,141,947 132,576,695