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Segments (Tables)
12 Months Ended
Dec. 31, 2018
Segment Reporting [Abstract]  
Schedule of Information by Reportable Segment

The following table shows information by reportable segment for the years ended December 31, 2018, 2017 and 2016:

 

 

 

2018

 

 

2017

 

 

2016

 

Net Sales

 

 

 

 

 

 

 

 

 

 

 

 

Americas

 

$

882.7

 

 

$

693.6

 

 

$

736.3

 

EURAF

 

 

680.6

 

 

 

628.9

 

 

 

560.4

 

MEAP

 

 

283.5

 

 

 

258.8

 

 

 

316.4

 

Total

 

$

1,846.8

 

 

$

1,581.3

 

 

$

1,613.1

 

Segment Operating Income (Loss)

 

 

 

 

 

 

 

 

 

 

 

 

Americas

 

$

58.8

 

 

$

6.8

 

 

$

(37.1

)

EURAF

 

 

(68.2

)

 

 

5.1

 

 

 

(35.3

)

MEAP

 

 

31.5

 

 

 

33.1

 

 

 

44.5

 

Total

 

$

22.1

 

 

$

45.0

 

 

$

(27.9

)

Depreciation

 

 

 

 

 

 

 

 

 

 

 

 

Americas

 

$

14.0

 

 

$

15.1

 

 

$

24.5

 

EURAF

 

 

15.3

 

 

 

15.0

 

 

 

15.7

 

MEAP

 

 

3.7

 

 

 

3.8

 

 

 

4.6

 

Corporate

 

 

3.1

 

 

 

4.2

 

 

 

0.8

 

Total

 

$

36.1

 

 

$

38.1

 

 

$

45.6

 

Capital Expenditures

 

 

 

 

 

 

 

 

 

 

 

 

Americas

 

$

9.4

 

 

$

10.6

 

 

$

14.5

 

EURAF

 

 

16.3

 

 

 

14.3

 

 

 

26.9

 

MEAP

 

 

3.4

 

 

 

3.9

 

 

 

4.5

 

Corporate

 

 

2.6

 

 

 

0.1

 

 

 

 

Total

 

$

31.7

 

 

$

28.9

 

 

$

45.9

 

 

Schedule of Reconciliation of the Company's Segment Operating Income (Loss)

A reconciliation of the Company’s segment operating income (loss) to the consolidated statement of operations for the years ended December 31, 2018, 2017 and 2016 was as follows:

 

 

 

2018

 

 

2017

 

 

2016

 

Segment operating income (loss)

 

$

22.1

 

 

$

45.0

 

 

$

(27.9

)

Unallocated corporate expenses

 

 

(37.5

)

 

 

(33.0

)

 

 

(35.8

)

Asset impairment expense

 

 

 

 

 

 

 

 

(77.3

)

Restructuring expense

 

 

(3.9

)

 

 

(3.6

)

 

 

(2.0

)

Total operating income (loss)

 

$

(19.3

)

 

$

8.4

 

 

$

(143.0

)

Schedule of Net Sales from Continuing Operations and Long-Lived Asset Information by Geographic Area Long-lived assets are defined as property, plant and equipment-net and other non-current assets, excluding goodwill, other intangible assets-net and deferred tax assets.

 

 

Net Sales

 

 

Long-Lived Assets

 

 

 

2018

 

 

2017

 

 

2016

 

 

2018

 

 

2017

 

United States

 

$

796.9

 

 

$

618.5

 

 

$

641.3

 

 

$

110.6

 

 

$

117.2

 

Europe

 

 

659.9

 

 

 

601.3

 

 

 

520.7

 

 

 

145.2

 

 

 

142.9

 

Other

 

 

390.0

 

 

 

361.5

 

 

 

451.1

 

 

 

33.1

 

 

 

43.6

 

Total

 

$

1,846.8

 

 

$

1,581.3

 

 

$

1,613.1

 

 

$

288.9

 

 

$

303.7

 

Schedule of Net Sales By Product

 


Net sales by product for 2018, 2017 and 2016 are as follows:

 

 

 

2018

 

 

2017

 

 

2016

 

Cranes

 

$

1,509.9

 

 

$

1,270.5

 

 

$

1,311.1

 

Aftermarket parts and other*

 

 

336.9

 

 

 

310.8

 

 

 

302.0

 

Total net sales

 

$

1,846.8

 

 

$

1,581.3

 

 

$

1,613.1

 

* Other revenue consists of revenue related to miscellaneous CraneCare services such as

training and field service work.