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Segments | 3 Months Ended
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Mar. 31, 2018
Segment Reporting [Abstract] |
Segments | 13. Segments The Company reports segment information based on the “management” approach. The management approach designates the internal reporting used by the CEO, who is also the Company’s Chief Operating Decision Maker (“CODM”), for making decisions about the allocation of resources and assessing performance as the source of the Company’s reportable operating segments. The Company has three reportable segments: Americas, EURAF, and MEAP. The Americas operating segment includes the North American and South American continents. The EURAF operating segment includes the continents of Europe and Africa. The MEAP operating segment includes the Asia and Australian continents and the Middle East region. The CODM evaluates the performance of its reportable segments based on net sales and operating income. Net sales for geographic segments are based on the geographic region that sells the products. Operating income for each segment includes net sales to third parties, cost of sales directly attributable to the segment, and operating expenses directly attributable to the segment. Manufacturing variances generated within each reportable segment are maintained in each segment’s operating income. Operating income for each segment excludes other income and expense and certain expenses managed outside the reportable operating segments. Costs excluded from segment operating income include various corporate expenses such as stock-based compensation expenses, income taxes, nonrecurring charges and other separately managed general and administrative costs. The Company does not include intercompany sales between segments for management reporting purposes. The following table shows information by reportable segment for the three months ended March 31, 2018 and 2017 (in millions):
|  | Three Months Ended March 31, 2018 |  |  | Three Months Ended March 31, 2017 |
Net Sales |  |  |  |  |  |  |  |
Americas |  | $ | 162.9 |  |  | $ | 120.5 |
EURAF |  |  | 154.2 |  |  |  | 125.3 |
MEAP |  |  | 69.0 |  |  |  | 60.0 |
Total |  | $ | 386.1 |  |  | $ | 305.8 |
Segment Operating Income (Loss) |  |  |  |  |  |  |  |
Americas |  | $ | 2.7 |  |  | $ | (18.5 | )
EURAF |  |  | 3.4 |  |  |  | (3.8 | )
MEAP |  |  | 7.9 |  |  |  | 8.7 |
Total |  | $ | 14.0 |  |  | $ | (13.6 | )
Depreciation |  |  |  |  |  |  |  |
Americas |  | $ | 3.5 |  |  | $ | 4.4 |
EURAF |  |  | 3.8 |  |  |  | 3.9 |
MEAP |  |  | 1.0 |  |  |  | 0.9 |
Corporate |  |  | 0.8 |  |  |  | 1.4 |
Total |  | $ | 9.1 |  |  | $ | 10.6 |
Capital Expenditures |  |  |  |  |  |  |  |
Americas |  | $ | 2.3 |  |  | $ | 3.0 |
EURAF |  |  | 2.4 |  |  |  | 0.7 |
MEAP |  |  | 1.2 |  |  |  | — |
Corporate |  |  | 0.5 |  |  |  | 0.1 |
Total |  | $ | 6.4 |  |  | $ | 3.8 |
A reconciliation of the Company’s segment operating income (loss) to the consolidated statement of operations for the three months ended March 31, 2018 and 2017 was as follows (in millions):
|  | Three Months Ended March 31, 2018 |  |  | Three Months Ended March 31, 2017 |
Segment operating income (loss) |  | $ | 14.0 |  |  | $ | (13.6 | )
Unallocated corporate expenses |  |  | (9.6 | ) |  |  | (9.1 | )
Restructuring expense |  |  | (2.2 | ) |  |  | (0.2 | )
Other operating income (expense) - net |  |  | (0.5 | ) |  |  | 1.1 |
Total operating income (loss) |  | $ | 1.7 |  |  | $ | (21.8 | )
Net sales by geographic area for the three months ended March 31, 2018 and 2017 are as follows (in millions):
|  | Three Months Ended March 31, 2018 |  |  | Three Months Ended March 31, 2017 |
United States |  | $ | 144.3 |  |  | $ | 109.3 |
Other North America |  |  | 7.8 |  |  |  | 6.5 |
Europe |  |  | 150.3 |  |  |  | 120.3 |
Asia |  |  | 20.3 |  |  |  | 24.3 |
Middle East |  |  | 33.8 |  |  |  | 24.1 |
Central and South America |  |  | 9.9 |  |  |  | 4.2 |
Africa |  |  | 3.9 |  |  |  | 5.0 |
Caribbean |  |  | 0.9 |  |  |  | 0.5 |
Australia |  |  | 14.9 |  |  |  | 11.6 |
Total |  | $ | 386.1 |  |  | $ | 305.8 |
Net sales by product for the three months ended March 31, 2018 and 2017 are as follows (in millions):
|  | Three Months Ended March 31, 2018 |  |  | Three Months Ended March 31, 2017 |
Cranes |  | $ | 307.5 |  |  | $ | 228.4 |
Aftermarket parts and other* |  |  | 78.6 |  |  |  | 77.4 |
Total net sales |  | $ | 386.1 |  |  | $ | 305.8 |
*Other revenue consists of revenue related to miscellaneous CraneCare services such as trainings and field service work.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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