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Quarterly Financial Data (Unaudited) | 12 Months Ended
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Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract] |
Quarterly Financial Data (Unaudited) | Quarterly Financial Data (Unaudited) The following table presents quarterly financial data for 2015 and 2014:
|  | 2015 |  | 2014
(in millions, except per share data) |  | First |  | Second |  | Third |  | Fourth |  | First |  | Second |  | Third |  | Fourth
Net sales |  | $ | 752.1 |  |  | $ | 885.4 |  |  | $ | 863.5 |  |  | $ | 934.8 |  |  | $ | 850.0 |  |  | $ | 1,012.8 |  |  | $ | 986.3 |  |  | $ | 1,037.4 |
Gross profit |  | 182.5 |  |  | 222.5 |  |  | 205.7 |  |  | 222.5 |  |  | 227.1 |  |  | 272.3 |  |  | 245.2 |  |  | 241.5 |
Earnings from continuing operations before taxes on earnings |  | (9.5 | ) |  | 37.9 |  |  | 15.8 |  |  | 12.4 |  |  | 8.6 |  |  | 66.1 |  |  | 56.3 |  |  | 38.4 |
Discontinued operations: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
(Loss) earnings from discontinued operations, net of income taxes |  | (0.1 | ) |  | 0.1 |  |  | 0.1 |  |  | 0.1 |  |  | (1.0 | ) |  | (0.3 | ) |  | (0.2 | ) |  | 0.1 |
Loss on sale of discontinued operations, net of income taxes |  | — |  |  | — |  |  | — |  |  | — |  |  | (9.9 | ) |  | — |  |  | (1.1 | ) |  | — |
Net (loss) earnings |  | (8.4 | ) |  | 23.3 |  |  | 4.8 |  |  | 43.8 |  |  | (4.9 | ) |  | 46.6 |  |  | 73.1 |  |  | 33.6 |
Less: Earnings (loss) attributable to noncontrolling interest, net of tax |  | — |  |  | — |  |  | — |  |  | — |  |  | 3.9 |  |  | — |  |  | — |  |  | — |
Net (loss) earnings attributable to Manitowoc |  | $ | (8.4 | ) |  | $ | 23.3 |  |  | $ | 4.8 |  |  | $ | 43.8 |  |  | $ | (8.8 | ) |  | $ | 46.6 |  |  | $ | 73.1 |  |  | $ | 33.6 |
Basic earnings per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Earnings from continuing operations attributable to Manitowoc common shareholders |  | $ | (0.06 | ) |  | $ | 0.17 |  |  | $ | 0.03 |  |  | $ | 0.32 |  |  | $ | 0.01 |  |  | $ | 0.35 |  |  | $ | 0.55 |  |  | $ | 0.25 |
Discontinued operations: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loss from discontinued operations attributable to Manitowoc common shareholders |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Loss on sale of discontinued operations, net of income taxes |  | — |  |  | — |  |  | — |  |  | — |  |  | (0.07 | ) |  | — |  |  | (0.01 | ) |  | — |
(Loss) earnings per share attributable to Manitowoc common shareholders |  | $ | (0.06 | ) |  | $ | 0.17 |  |  | $ | 0.04 |  |  | $ | 0.32 |  |  | $ | (0.07 | ) |  | $ | 0.35 |  |  | $ | 0.54 |  |  | $ | 0.25 |
Diluted earnings per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Earnings from continuing operations attributable to Manitowoc common shareholders |  | $ | (0.06 | ) |  | $ | 0.17 |  |  | $ | 0.03 |  |  | $ | 0.32 |  |  | $ | 0.01 |  |  | $ | 0.34 |  |  | $ | 0.54 |  |  | $ | 0.24 |
Discontinued operations: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loss from discontinued operations attributable to Manitowoc common shareholders |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Loss on sale of discontinued operations, net of income taxes |  | — |  |  | — |  |  | — |  |  | — |  |  | (0.07 | ) |  | — |  |  | (0.01 | ) |  | — |
(Loss) earnings per share attributable to Manitowoc common shareholders |  | $ | (0.06 | ) |  | $ | 0.17 |  |  | $ | 0.03 |  |  | $ | 0.32 |  |  | $ | (0.06 | ) |  | $ | 0.34 |  |  | $ | 0.53 |  |  | $ | 0.25 |
Dividends per common share |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 0.08 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 0.08 |

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- Definition The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=51655806&loc=d3e765-108305 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=51825399&loc=d3e1280-108306 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=51655806&loc=d3e725-108305 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 6 -Section G -Subsection 1 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 302 -Paragraph a + Details
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