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Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Operations        
Net sales $ 885.4 $ 1,012.8 $ 1,637.5 $ 1,862.8
Costs and expenses:        
Cost of sales 662.9 742.0 1,232.5 1,366.3
Engineering, selling and administrative expenses 144.7 165.5 303.3 326.8
Amortization expense 8.6 8.8 17.2 17.6
Restructuring expense 0.1 1.0 1.2 3.0
Separation expense 8.3 0.0 9.8 0.0
Other operating expense 0.4 0.1 0.4 0.1
Total operating costs and expenses 825.0 917.4 1,564.4 1,713.8
Earnings from operations 60.4 95.4 73.1 149.0
Other income (expense):        
Interest expense (24.4) (25.1) (48.0) (44.4)
Amortization of deferred financing fees (1.0) (1.1) (2.1) (2.3)
Loss on debt extinguishment 0.0 0.0 0.0 (25.3)
Other income (expense), net 2.9 (3.1) 5.4 (2.3)
Total other expense (22.5) (29.3) (44.7) (74.3)
Earnings from continuing operations before taxes on income 37.9 66.1 28.4 74.7
Provision for taxes on income 14.7 19.2 13.5 21.8
Earnings from continuing operations 23.2 46.9 14.9 52.9
Discontinued operations:        
Earnings (loss) from discontinued operations, net of income taxes of $0.1, $(0.3), $(0.0) and $(0.3), respectively 0.1 (0.3) 0.0 (1.3)
Loss on sale of discontinued operations, net of income taxes of $0.0, $0.0, $0.0 and $0.0, respectively 0.0 0.0 0.0 (9.9)
Net earnings 23.3 46.6 14.9 41.7
Less: Net earnings attributable to noncontrolling interest, net of income taxes 0.0 0.0 0.0 (3.9)
Net earnings attributable to Manitowoc 23.3 46.6 14.9 37.8
Amounts attributable to the Manitowoc common shareholders:        
Earnings from continuing operations 23.2 46.9 14.9 48.6
Earnings (loss) from discontinued operations, net of income taxes 0.1 (0.3) 0.0 (0.9)
Loss on sale of discontinued operations, net of income taxes 0.0 0.0 0.0 (9.9)
Net earnings attributable to Manitowoc $ 23.3 $ 46.6 $ 14.9 $ 37.8
Basic earnings (loss) per common share:        
Earnings from continuing operations attributable to Manitowoc common shareholders $ 0.17 $ 0.35 $ 0.11 $ 0.36
Loss from discontinued operations attributable to Manitowoc common shareholders 0.00 0.00 0.00 (0.01)
Loss on sale of discontinued operations, net of income taxes 0.00 0.00 0.00 (0.07)
Earnings per share attributable to Manitowoc common shareholders 0.17 0.35 0.11 0.28
Diluted earnings (loss) per common share:        
Earnings from continuing operations attributable to Manitowoc common shareholders 0.17 0.34 0.11 0.35
Loss from discontinued operations attributable to Manitowoc common shareholders 0.00 0.00 0.00 (0.01)
Loss on sale of discontinued operations, net of income taxes 0.00 0.00 0.00 (0.07)
Earnings per share attributable to Manitowoc common shareholders $ 0.17 $ 0.34 $ 0.11 $ 0.28
Weighted average shares outstanding — basic 136,130,861 134,990,382 135,887,738 134,590,994
Weighted average shares outstanding — diluted 137,985,899 137,426,642 137,431,565 137,420,479