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Property, Plant and Equipment | 3 Months Ended
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Mar. 31, 2019
Property Plant And Equipment [Abstract] |
Property, Plant and Equipment | 5. Property, Plant and Equipment The components of property, plant and equipment at March 31, 2019 and December 31, 2018 are summarized as follows:
|  | March 31, 2019 |  |  | December 31, 2018 |
Land |  | $ | 23.8 |  |  | $ | 24.1 |
Building and improvements |  |  | 195.9 |  |  |  | 195.3 |
Machinery, equipment and tooling |  |  | 266.2 |  |  |  | 269.4 |
Furniture and fixtures |  |  | 16.7 |  |  |  | 16.4 |
Computer hardware and software |  |  | 116.6 |  |  |  | 117.1 |
Rental cranes |  |  | 86.8 |  |  |  | 84.0 |
Construction in progress |  |  | 6.9 |  |  |  | 9.6 |
Total cost |  |  | 712.9 |  |  |  | 715.9 |
Less accumulated depreciation |  |  | (426.8 | ) |  |  | (427.0 | )
Property, plant and equipment-net |  | $ | 286.1 |  |  | $ | 288.9 |
Assets Held for Sale The Company has classified the Manitowoc, Wisconsin manufacturing buildings and land as held for sale on the Condensed Consolidated Balance Sheets as of March 31, 2019 and December 31, 2018. The net book value of assets held for sale were $8.7 million and $12.9 million as of March 31, 2019 and December 31, 2018, respectively, and are included in other current assets on the Condensed Consolidated Balance Sheets. During the first quarter of 2019, a portion of the manufacturing site was sold which resulted in a decrease in assets held for sale. The assets were carried at the lesser of the original cost or fair value, less the estimated costs to sell. The fair values were determined by the Company to be Level 3 (see Note 15, “Fair Value of Financial Instruments,” for the definition of Level 3 inputs) under the fair value hierarchy and were estimated based on broker quotes and other information related to current marketplace conditions.

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- Definition The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures. + 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 + Details
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