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Segments | 12 Months Ended
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Dec. 31, 2019
Segment Reporting [Abstract] |
Segments | 17. 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 operating segments. The CODM evaluates the performance of the Company’ operating segments based on net sales and operating income. Segment net sales are recognized in the geographic region the product is sold. 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 operating 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 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 Company’s operating segments were identified as it’s reportable segments. The following table shows information by reportable segment for the years ended December 31, 2019, 2018 and 2017:
|  | 2019 |  |  | 2018 |  |  | 2017 |
Net Sales |  |  |  |  |  |  |  |  |  |  |  |
Americas |  | $ | 969.7 |  |  | $ | 882.7 |  |  | $ | 693.6 |
EURAF |  |  | 644.9 |  |  |  | 680.6 |  |  |  | 628.9 |
MEAP |  |  | 219.5 |  |  |  | 283.5 |  |  |  | 258.8 |
Total |  | $ | 1,834.1 |  |  | $ | 1,846.8 |  |  | $ | 1,581.3 |
Segment Operating Income (Loss) |  |  |  |  |  |  |  |  |  |  |  |
Americas |  | $ | 113.4 |  |  | $ | 58.8 |  |  | $ | 6.8 |
EURAF |  |  | 3.8 |  |  |  | (68.2 | ) |  |  | 5.1 |
MEAP |  |  | 22.6 |  |  |  | 31.5 |  |  |  | 33.1 |
Total |  | $ | 139.8 |  |  | $ | 22.1 |  |  | $ | 45.0 |
Depreciation |  |  |  |  |  |  |  |  |  |  |  |
Americas |  | $ | 14.5 |  |  | $ | 14.0 |  |  | $ | 15.1 |
EURAF |  |  | 15.1 |  |  |  | 15.3 |  |  |  | 15.0 |
MEAP |  |  | 2.4 |  |  |  | 3.7 |  |  |  | 3.8 |
Corporate |  |  | 3.0 |  |  |  | 3.1 |  |  |  | 4.2 |
Total |  | $ | 35.0 |  |  | $ | 36.1 |  |  | $ | 38.1 |
Capital Expenditures |  |  |  |  |  |  |  |  |  |  |  |
Americas |  | $ | 13.2 |  |  | $ | 9.4 |  |  | $ | 10.6 |
EURAF |  |  | 19.0 |  |  |  | 16.3 |  |  |  | 14.3 |
MEAP |  |  | 2.9 |  |  |  | 3.4 |  |  |  | 3.9 |
Corporate |  |  | — |  |  |  | 2.6 |  |  |  | 0.1 |
Total |  | $ | 35.1 |  |  | $ | 31.7 |  |  | $ | 28.9 |
A reconciliation of the Company’s segment operating income (loss) to the Consolidated Statement of Operations for the years ended December 31, 2019, 2018 and 2017 are summarized as follows:
|  | 2019 |  |  | 2018 |  |  | 2017 |
Segment operating income (loss) |  | $ | 139.8 |  |  | $ | 22.1 |  |  | $ | 45.0 |
Unallocated corporate expenses |  |  | (31.3 | ) |  |  | (37.5 | ) |  |  | (33.0 | )
Unallocated restructuring expense |  |  | (0.1 | ) |  |  | (3.9 | ) |  |  | (3.6 | )
Total operating income (loss) |  | $ | 108.4 |  |  | $ | (19.3 | ) |  | $ | 8.4 |
Net sales and property, plant and equipment by geographic area as of and for the years ended December 31 are summarized below.
|  | Net Sales |  |  | Property, Plant and Equipment |
|  | 2019 |  |  | 2018 |  |  | 2017 |  |  | 2019 |  |  | 2018 |
United States |  | $ | 860.4 |  |  | $ | 796.9 |  |  | $ | 618.5 |  |  | $ | 109.3 |  |  | $ | 110.6 |
Europe |  |  | 619.8 |  |  |  | 659.9 |  |  |  | 601.3 |  |  |  | 150.4 |  |  |  | 145.2 |
Other |  |  | 353.9 |  |  |  | 390.0 |  |  |  | 361.5 |  |  |  | 30.2 |  |  |  | 33.1 |
Total |  | $ | 1,834.1 |  |  | $ | 1,846.8 |  |  | $ | 1,581.3 |  |  | $ | 289.9 |  |  | $ | 288.9 |
Net sales by product for the years ended December 31, 2019, 2018 and 2017 are summarized as follows:
|  | 2019 |  |  | 2018 |  |  | 2017 |
Cranes |  | $ | 1,498.6 |  |  | $ | 1,509.9 |  |  | $ | 1,270.5 |
Aftermarket parts and other* |  |  | 335.5 |  |  |  | 336.9 |  |  |  | 310.8 |
Total net sales |  | $ | 1,834.1 |  |  | $ | 1,846.8 |  |  | $ | 1,581.3 |
* Other revenue consists of revenue related to miscellaneous Crane Care services such as training 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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