XML 28 R14.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Discontinued Operations | 12 Months Ended
--- | ---
Dec. 31, 2018
Discontinued Operations And Disposal Groups [Abstract] |
Discontinued Operations | 4. Discontinued Operations On March 4, 2016, Manitowoc completed the Spin-Off. The financial results of MFS are presented as loss from discontinued operations, net of income taxes in the Consolidated Statements of Operations. Concurrent with the Spin-Off, the Company received a $1,361.7 million dividend from MFS. The following table presents the financial results of MFS through the date of the Spin-Off for the indicated period and do not include corporate overhead allocations: Major classes of line items constituting earnings from discontinued operations before income taxes related to MFS
|  | 2016 |
Net sales |  | $ | 219.6 |
Cost of sales |  |  | 141.5 |
Engineering, selling and administrative expenses |  |  | 48.3 |
Amortization of intangible assets |  |  | 5.2 |
Asset impairment expense |  |  | — |
Restructuring expense |  |  | 0.3 |
Separation expense |  |  | 27.7 |
Other |  |  | — |
Total operating costs and expenses |  |  | 223.0 |
Operating loss |  |  | (3.4 | )
Other expense |  |  | (2.2 | )
Loss from discontinued operations before income taxes |  |  | (5.6 | )
Provision for income taxes |  |  | 0.6 |
Loss from discontinued operations, net of income taxes (1) |  | $ | (6.2 | )
(1) | For the year ended December 31, 2016, the Company recorded net losses of $(1.0) million from various other businesses disposed of prior to 2014. This is presented for informational purposes only and does not necessarily reflect what the results of operations would have been had the businesses operated as stand-alone entities.
No assets or liabilities of MFS are reflected on the Company's Consolidated Balance Sheet as of December 31, 2018 and 2017. Costs recorded by the Company during the twelve months ended December 31, 2018 and 2017 related to the Spin-Off were not material. During the twelve months ended December 31, 2016, the Company recorded $27.7 million of costs related to the Spin-Off. These costs consisted primarily of professional and consulting fees and were included in the results of discontinued operations.

X
- References No definition available. + Details
Name: | us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=2122178 + Details
Name: | us-gaap_DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration