Document and Entity Information	3 Months Ended
Document and Entity Information	Mar. 31, 2019 shares
Document And Entity Information [Abstract]
Entity Registrant Name	MANITOWOC CO INC
Entity Central Index Key	0000061986
Trading Symbol	MTW
Document Type	10-Q
Document Period End Date	Mar. 31, 2019
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shares Outstanding	35,788,047
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q1

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Income Statement [Abstract]
Net sales	$ 418.0	$ 386.1
Cost of sales	337.8	317.7
Gross profit	80.2	68.4
Operating costs and expenses:
Engineering, selling and administrative expenses	59.4	60.4
Amortization of intangible assets	0.1	0.1
Restructuring expense	4.5	6.2
Total operating costs and expenses	64.0	66.7
Operating income	16.2	1.7
Other income (expense):
Interest expense	(10.9)	(10.0)
Amortization of deferred financing fees	(0.4)	(0.5)
Loss on debt extinguishment	(25.0)
Other income (expense) - net	(3.3)	2.7
Total other expense	(39.6)	(7.8)
Loss before income taxes	(23.4)	(6.1)
Provision for income taxes	3.3	3.9
Net loss	$ (26.7)	$ (10.0)
Per Share Data
Basic loss per common share	$ (0.75)	$ (0.28)
Diluted loss per common share	$ (0.75)	$ (0.28)
Weighted average shares outstanding - basic	35,642,832	35,367,340
Weighted average shares outstanding - diluted	35,642,832	35,367,340

Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Statement Of Income And Comprehensive Income [Abstract]
Net loss	$ (26.7)	$ (10.0)
Other comprehensive income (loss), net of tax
Unrealized income on derivatives, net of income tax provision of $0.0 and $0.0, respectively	0.1	0.0
Employee pension and postretirement benefits, net of income tax provision of $0.0 and $0.1, respectively	0.5	0.7
Foreign currency translation adjustments	(2.5)	11.4
Total other comprehensive income (loss), net of tax	(1.9)	12.1
Comprehensive income (loss)	$ (28.6)	$ 2.1

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details

Condensed Consolidated Statements of Comprehensive Income (Loss) (Parenthetical) (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Statement Of Income And Comprehensive Income [Abstract]
Unrealized income (loss) on derivatives, net of income tax benefit	$ 0.0	$ 0.0
Employee pension and post retirement benefits costs, net of income tax expense (benefit)	$ 0.0	$ 0.1

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Current Assets:
Cash, cash equivalents and restricted cash	$ 49.0	$ 140.3
Accounts receivable, less allowances of $10.6 and $10.3, respectively	239.7	171.8
Inventories — net	538.1	453.1
Notes receivable — net	18.7	19.4
Other current assets	42.8	58.3
Total current assets	888.3	842.9
Property, plant and equipment — net	286.1	288.9
Operating lease right-of-use assets	49.1
Goodwill	233.3	232.8
Other intangible assets — net	116.7	118.1
Other long-term assets	60.4	59.2
Total assets	1,633.9	1,541.9
Current Liabilities:
Accounts payable and accrued expenses	420.3	425.2
Short-term borrowings and current portion of long-term debt	5.9	6.4
Product warranties	37.3	39.1
Customer advances	13.3	9.6
Other liabilities	28.5	16.3
Total current liabilities	505.3	496.6
Non-Current Liabilities:
Long-term debt	342.0	266.7
Operating lease liabilities	38.3
Deferred income taxes	4.4	5.7
Pension obligations	82.8	85.7
Postretirement health and other benefit obligations	18.0	18.3
Long-term deferred revenue	26.1	25.2
Other non-current liabilities	41.2	42.4
Total non-current liabilities	552.8	444.0
Commitments and contingencies (Note 16)
Stockholders' Equity:
Preferred stock (authorized 3,500,000 shares of $.01 par value; none outstanding)
Common stock (75,000,000 shares authorized, 40,793,983 shares issued, 35,788,047 and 35,588,833 shares outstanding, respectively)	1.4	1.4
Additional paid-in capital	585.0	583.8
Accumulated other comprehensive loss	(118.5)	(116.6)
Retained earnings	162.9	189.6
Treasury stock, at cost (5,005,936 and 5,205,150 shares, respectively)	(55.0)	(56.9)
Total stockholders' equity	575.8	601.3
Total liabilities and stockholders' equity	$ 1,633.9	$ 1,541.9

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Statement Of Financial Position [Abstract]
Accounts Receivable, allowances (in dollars)	$ 10.6	$ 10.3
Preferred stock authorized (in shares)	3,500,000	3,500,000
Par value of preferred stock per share (in dollars per share)	$ 0.01	$ 0.01
Preferred stock outstanding (in shares)	0	0
Common stock, shares authorized (in shares)	75,000,000	75,000,000
Common stock, shares issued (in shares)	40,793,983	40,793,983
Common stock, shares outstanding (in shares)	35,788,047	35,588,833
Treasury stock (in shares)	5,005,936	5,205,150

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Cash Flows from Operating Activities:
Net loss	$ (26.7)	$ (10.0)
Adjustments to reconcile net loss to cash used for operating activities:
Depreciation	8.8	9.1
Amortization of intangible assets	0.1	0.1
Amortization of deferred financing fees	0.4	0.5
Loss on debt extinguishment	25.0
(Gain) loss on sale of property, plant and equipment	0.4	(1.3)
Other	3.7	3.0
Changes in operating assets and liabilities
Accounts receivable	(195.7)	(130.8)
Inventories	(94.5)	(71.5)
Notes receivable		4.1
Other assets	14.1	8.8
Accounts payable	26.6	46.6
Accrued expenses and other liabilities	(29.5)	(27.0)
Net cash used for operating activities	(267.3)	(168.4)
Cash Flows from Investing Activities:
Capital expenditures	(4.4)	(6.4)
Proceeds from sale of fixed assets	4.8	6.3
Cash receipts on sold accounts receivable	126.3	144.0
Net cash provided by investing activities	126.7	143.9
Cash Flows from Financing Activities:
Proceeds from revolving credit facility	58.0
Payments on revolving credit facility	(25.0)
Payments on long-term debt	(277.8)	(2.1)
Proceeds from long-term debt	300.0
Debt issuance costs	(5.6)
Exercises of stock options	0.1	1.3
Net cash provided by (used for) financing activities	49.7	(0.8)
Effect of exchange rate changes on cash	(0.4)	1.7
Net decrease in cash, cash equivalents, and restricted cash	(91.3)	(23.6)
Cash, cash equivalents and restricted cash at beginning of period	140.3	123.0
Cash, cash equivalents and restricted cash at end of period	$ 49.0	$ 99.4

Condensed Consolidated Statements of Equity - USD ($) $ in Millions	Total	Common Stock	Additional Paid-in Capital	Accumulated Other Comprehensive Loss	Retained Earnings	Treasury Stock	Performance Shares Common Stock
Balance at beginning of year at Dec. 31, 2017		$ 1.4	$ 576.6	$ (97.4)	$ 256.7	$ (59.8)
Balance (in shares) at Dec. 31, 2017		35,273,864
Increase (Decrease) in Stockholders' Equity
Stock options exercised and issuance of other stock awards			(1.0)			2.9
Stock options exercised (in shares)		95,019
Restricted stock, net (in shares)		165,404
Performance shares issued (in shares)							54,546
Stock-based compensation			8.2
Other comprehensive loss				(19.2)
Net loss					(67.1)
Balance (in shares) at Dec. 31, 2018		35,588,833
Balance at end of year at Dec. 31, 2018	$ 601.3	$ 1.4	583.8	(116.6)	189.6	(56.9)
Increase (Decrease) in Stockholders' Equity
Stock options exercised and issuance of other stock awards			(1.9)			1.9
Stock options exercised (in shares)		34,979
Restricted stock, net (in shares)		113,412
Performance shares issued (in shares)							50,823
Stock-based compensation			3.1
Other comprehensive loss				(1.9)
Net loss	(26.7)				(26.7)
Balance (in shares) at Mar. 31, 2019		35,788,047
Balance at end of year at Mar. 31, 2019	$ 575.8	$ 1.4	$ 585.0	$ (118.5)	$ 162.9	$ (55.0)

Accounting Policies and Basis of Presentation

3 Months Ended

Mar. 31, 2019

Accounting Policies [Abstract]

Accounting Policies and Basis of Presentation

1. Accounting Policies and Basis of Presentation

The Manitowoc Company, Inc. (“Manitowoc,” “MTW” or the “Company”) was founded in 1902 and has over a 116-year tradition of providing high-quality, customer-focused products and support services to its markets and for the year ended December 31, 2018 the Company had net sales of approximately $1.8 billion. Manitowoc is one of the world’s leading providers of engineered lifting solutions. Manitowoc designs, manufactures, markets, and supports one of the most comprehensive product lines of mobile telescopic cranes, tower cranes, lattice-boom crawler cranes, and boom trucks. The Company has three reportable segments, the Americas segment, Europe and Africa (“EURAF”) segment and Middle East and Asia Pacific (“MEAP”) segment. The segments were identified using the “management approach,” which designates the internal organization that is used by management for making operating decisions and assessing performance. Refer to Note 14, “Segments” for additional information.

In the opinion of management, the accompanying unaudited Condensed Consolidated Financial Statements contain all adjustments necessary for a fair statement of the results of operations and comprehensive income for the three months ended March 31, 2019 and 2018, the cash flows for the same three-month periods and the financial position and equity at March 31, 2019 and December 31, 2018, and except as otherwise discussed, such adjustments consist of only those of a normal recurring nature. The interim results are not necessarily indicative of results for a full year and do not contain information included in the Company’s annual consolidated financial statements and notes for the year ended December 31, 2018. Certain information and footnote disclosures, normally included in financial statements prepared in accordance with generally accepted accounting principles, have been condensed or omitted pursuant to Securities and Exchange Commission rules and regulations dealing with interim financial statements. However, the Company believes that the disclosures made in the Condensed Consolidated Financial Statements included herein are adequate to make the information presented not misleading. It is suggested that these financial statements be read in conjunction with the financial statements and the notes thereto included in the Company’s latest annual report on Form 10-K.

During the fourth quarter of 2018, the Company identified an adjustment to the Condensed Consolidated Statement of Cash Flows as of March 31, 2018. The adjustment related to the treatment of cash receipts on sold accounts receivable, whereby the Company had overstated cash flows provided by investing activities and understated cash flows used for operating activities by approximately $4.6 million. In evaluating whether the Company’s previously issued consolidated financial statements were materially misstated, the Company considered the guidance in Accounting Standards Codification (“ASC”) Topic 250, “Accounting Changes and Error Corrections” and ASC Topic 250-10-S99-1, “Assessing Materiality.” The Company determined that this error was not material to the Company’s prior period consolidated financial statements and therefore, amending the previously filed report was not required, however this adjustment has been reflected in this filing.

Certain prior period amounts have been reclassified to conform to the current period presentation. All dollar amounts, except share amounts, are in millions of dollars throughout the tables included in these notes unless otherwise indicated.

Revenues

3 Months Ended

Mar. 31, 2019

Revenue From Contract With Customer [Abstract]

Revenues

2. Revenues

The Company records deferred revenues when cash payments are received or due in advance of our performance, including amounts which are refundable. The table below shows the change in the customer advances balance for the three months ended March 31, 2019 and 2018.

	Three Months Ended March 31,
	2019			2018
Balance at beginning of period	$	9.6		$	12.7
Cash received in advance of satisfying performance obligation		31.9			26.3
Revenue recognized		(28.3	)		(24.8	)
Currency translation		0.1			0.2
Balance at end of period	$	13.3		$	14.4

Disaggregation of the Company’s revenue sources are disclosed in Note 14, “Segments.”

Inventories

3 Months Ended

Mar. 31, 2019

Inventory Disclosure [Abstract]

Inventories

3. Inventories

The components of inventories as of March 31, 2019 and December 31, 2018 are summarized as follows:

	March 31, 2019			December 31, 2018
Raw materials	$	169.4		$	159.2
Work-in-process		147.1			112.0
Finished goods		279.1			238.0
Total inventories — gross		595.6			509.2
Excess and obsolete inventory reserve		(57.5	)		(56.1	)
Net inventories	$	538.1		$	453.1

Notes Receivable

3 Months Ended

Mar. 31, 2019

Receivables [Abstract]

Notes Receivable

4. Notes Receivable

The Company has notes receivable balances that are classified as current or long-term based on the timing of amounts due. Long-term notes receivable are included within other long-term assets on the Condensed Consolidated Balance Sheets. Current and long-term notes receivable balances primarily relate to the Company’s captive finance entity in China. The Company also has a long-term note receivable balance related to the 2014 sale of Manitowoc Dong Yue. As of March 31, 2019, the Company had current and long-term notes receivable in the amount of $18.7 million and $18.4 million, respectively. As of December 31, 2018, the Company had current and long-term notes receivable in the amount of $19.4 million and $17.0 million, respectively.

- Definition

The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses.

+ References + Details

Property, Plant and Equipment

3 Months Ended

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.

Goodwill and Other Intangible Assets

3 Months Ended

Mar. 31, 2019

Goodwill And Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

6. Goodwill and Other Intangible Assets

The changes in the carrying amount of goodwill for the year ended December 31, 2018 and the three months ended March 31, 2019 are summarized as follows:

	Americas		EURAF			MEAP
Balance as of January 1, 2018	$	166.5	$	85.9		$	68.9
Foreign currency impact		—		(3.7	)		(2.6	)
Goodwill impairment - October 31, 2018		—		(82.2	)		—
Balance as of December 31, 2018		166.5		—			66.3
Foreign currency impact		—		—			0.5
Balance as of March 31, 2019	$	166.5	$	—		$	66.8

The Company accounts for goodwill and other intangible assets under the guidance of ASC Topic 350, “Intangibles — Goodwill and Other.”

The Company performs an annual impairment review during the fourth quarter of every year, or more frequently if events or changes in circumstances indicate that an asset might be impaired. There have been no impairment indicators since the fourth quarter of 2018; therefore, no impairment review has occurred. The Company performs the impairment review for goodwill and indefinite-lived intangible assets using a fair-value method based on the present value of future cash flows, which involves management’s judgments and assumptions about the amounts of those cash flows and the discount rates used. The estimated fair value is then compared with the carrying amount of the reporting unit, including recorded goodwill, or indefinite-lived intangible asset. The intangible asset is then subject to risk of write-down to the extent that the carrying amount exceeds the estimated fair value.

A considerable amount of management judgment and assumptions are required in performing the impairment tests as it relates to revenue growth rates, projected operating income, discount rates and royalty rates. While the Company believes the judgments and assumptions are reasonable, different assumptions could change the estimated fair value and, therefore, additional impairment charges could be required. Weakening industry or economic trends, disruptions to our business, unexpected significant changes or planned changes in the use of the assets or in entity structure may adversely impact the assumptions used in the valuations. The Company continually monitors market conditions and determines if any additional interim reviews of goodwill, other intangibles or long-lived assets are warranted. In the event the Company determines that assets are impaired in the future, the Company would recognize a non-cash impairment charge, which could have a material adverse effect on the Company’s Condensed Consolidated Balance Sheets and Results of Operations.

Other intangible assets with definite lives continue to be amortized over their estimated useful lives. Definite lived intangible assets are also subject to impairment testing whenever events or circumstances indicate that the carrying value of the assets may not be recoverable.

The gross carrying amount, accumulated amortization and net book value of the Company’s intangible assets other than goodwill at March 31, 2019 and December 31, 2018 are summarized as follows:

	March 31, 2019							December 31, 2018
	Gross Carrying Amount		Accumulated Amortization			Net Book Value		Gross Carrying Amount		Accumulated Amortization			Net Book Value
Trademarks and tradenames	$	95.5	$	—		$	95.5	$	96.7	$	—		$	96.7
Customer relationships		10.2		(8.5	)		1.7		10.1		(8.4	)		1.7
Patents		29.5		(28.5	)		1.0		29.8		(29.0	)		0.8
Engineering drawings		10.4		(10.4	)		—		10.5		(10.5	)		—
Distribution network		18.7		(0.1	)		18.6		19.0		(0.1	)		18.9
Total	$	164.3	$	(47.6	)	$	116.7	$	166.1	$	(48.0	)	$	118.1

Amortization expense for the three months ended March 31, 2019 and 2018 was $0.1 million and $0.1 million, respectively.

The Company also reviews long-lived assets for impairment whenever events or changes in circumstances indicate that the asset's carrying amount may not be recoverable. The Company conducts its long-lived asset impairment analyses in accordance with ASC Topic 360-10-5, “Property, Plant and Equipment.” ASC Topic 360-10-5 requires the Company to group assets and liabilities at the lowest level for which identifiable cash flows are largely independent of the cash flows of other assets and liabilities and to evaluate the asset group against the sum of the undiscounted future cash flows. Property, plant and equipment are depreciated over the estimated useful lives of the assets using the straight-line depreciation method for financial reporting and on accelerated methods for income tax purposes.

Accounts Payable and Accrued Expenses

3 Months Ended

Mar. 31, 2019

Payables And Accruals [Abstract]

Accounts Payable and Accrued Expenses

7. Accounts Payable and Accrued Expenses

Accounts payable and accrued expenses at March 31, 2019 and December 31, 2018 are summarized as follows:

	March 31, 2019		December 31, 2018
Trade accounts payable	$	272.2	$	249.2
Employee-related expenses		47.0		59.5
Accrued vacation		24.9		24.3
Miscellaneous accrued expenses		76.2		92.2
Total accounts payable and accrued expenses	$	420.3	$	425.2

Debt

3 Months Ended

Mar. 31, 2019

Debt Disclosure [Abstract]

Debt

8. Debt

Outstanding debt at March 31, 2019 and December 31, 2018 are summarized as follows:

	March 31, 2019			December 31, 2018
Senior secured asset based revolving credit facility	$	33.0		$	—
Senior secured second lien notes due 2021		—			254.2
Senior secured second lien notes due 2026		300.0			—
Other		19.9			21.2
Deferred financing costs		(5.0	)		(2.3	)
Total debt		347.9			273.1
Short-term borrowings and current portion of long-term debt		(5.9	)		(6.4	)
Long-term debt	$	342.0		$	266.7

On March 25, 2019, the Company and certain of its subsidiaries entered into an indenture with U.S. Bank National Association as trustee and notes collateral agent, pursuant to which the Company issued $300.0 million aggregate principal amount senior secured second lien notes due on April 1, 2026 with an annual coupon rate of 9.000% (the “2026 Notes”). Interest on the 2026 Notes is payable in cash semi-annually in arrears on April 1 and October 1 of each year. The 2026 Notes are fully and unconditionally guaranteed on a senior secured second lien basis, jointly and severally, by each of the Company’s existing and future domestic subsidiaries that is either a guarantor or a borrower under the ABL Revolving Credit Facility (as defined below) or that guarantees certain other debt of the Company or a guarantor. The 2026 Notes and the related guarantees are secured on a second-priority basis, subject to certain exceptions and permitted liens, by pledges of capital stock and other equity interests and other security interests in substantially all of the personal property and fee-owned real property of the Company and of the guarantors that secure obligations under the ABL Revolving Credit Facility. The 2026 Notes were sold pursuant to exemptions from registration under the Securities Act of 1933.

Additionally, on March 25, 2019, the Company and certain subsidiaries of the Company (the “Loan Parties”) entered into a credit agreement (the “ABL Credit Agreement”) with JP Morgan Chase Bank, N.A as administrative and collateral agent and certain financial institutions party thereto as lenders, providing for a senior secured asset-based revolving credit facility (the “ABL Revolving Credit Facility”) of up to $275.0 million. The borrowing capacity under the ABL Revolving Credit Facility is based on the value of inventory, accounts receivable and fixed assets of the Loan Parties. The Loan Parties’ obligations under the ABL Revolving Credit Facility are secured on a first-priority bases, subject to certain exceptions and permitted liens, by substantially all of the personal property and fee-owned real property of the Loan Parties. The liens securing the ABL Revolving Credit Facility are senior in priority to the second-priority liens securing the obligations under the 2026 Notes and the related guarantees. The ABL Revolving Credit Facility has a term of 5 years and includes a $75.0 million letter of credit sub-facility, $10.0 million of which is available to the Company’s German subsidiary that is a borrower under the ABL Revolving Credit Facility.

The Company used the initial extension of credit under the ABL Revolving Credit Facility, together with the net proceeds from the offering of the 2026 Notes, to (i) redeem all of the Company’s $260.0 million in outstanding 12.750% Senior Secured Second Lien Notes due 2021 (the “Prior 2021 Notes”); (ii) repay all obligations outstanding, and terminate all commitments, under (x) the Company’s previous $225.0 million ABL Revolving Credit Facility (“Prior ABL Facility”) and (y) $75.0 million AR Securitization Facility; and (iii) pay related fees and expenses, including $16.6 million of call premium on the Prior 2021 Notes, $5.0 million of closing costs and $4.6 million of accrued interest.

During the three months ended March 31, 2019 the Company recorded a $25.0 million charge in the Condensed Consolidated Statement of Operations associated with the Company’s refinancing of the ABL Revolving Credit Facility and 2026 Notes. The charge is composed of $16.6 million of call premium on the Prior 2021 Notes, $5.3 million of unamortized discount on the Prior 2021 Notes and $3.1 million of unamortized debt issuance costs.

As of March 31, 2019, the Company had outstanding $19.9 million of other indebtedness that has a weighted-average interest rate of approximately 5.27%. This debt includes balances on local credit lines and other financing arrangements.

The Company had $33.0 million in borrowings on the ABL Revolving Credit Facility as of March 31, 2019 and no borrowings on the Prior ABL Facility as of December 31, 2018. During the quarter ended March 31, 2019, the highest daily borrowing under either the ABL Revolving Credit Facility or the Prior ABL Facility was $33.0 million and the average amount borrowed was $2.6 million, while the average annual interest rate was 3.60%. The interest rate of the ABL Revolving Credit Facility fluctuates based on excess availability. As of March 31, 2019, the spreads for London Interbank Offered Rate and prime rate borrowings were 1.25% and 0.00%, respectively, with excess availability of approximately $221.3 million, which represents revolver borrowing capacity of $225.3 million less U.S. letters of credit outstanding of $4.0 million.

Both the ABL Revolving Credit Facility and the 2026 Notes include customary covenants which include, without limitation, restrictions on, the Company’s ability and the ability of the Company’s restricted subsidiaries to incur, assume or guarantee additional debt or issue certain preferred shares, pay dividends on or make other distributions in respect of the Company’s capital stock or make other restricted payments, make certain investments, sell or transfer certain assets, create liens on certain assets to secure debt, consolidate, merge, sell, or otherwise dispose of all or substantially all of the Company’s assets, enter into certain transactions with affiliates and designate the Company’s subsidiaries as unrestricted. Both the ABL Revolving Credit Facility and the 2026 Notes also include customary events of default.

Additionally, the ABL Revolving Credit Facility contains a covenant requiring the Company to maintain a minimum fixed charge coverage ratio under certain circumstances set forth in the ABL Credit Agreement.

As of March 31, 2019, the Company was in compliance with all affirmative and negative covenants in its debt instruments, inclusive of the financial covenants pertaining to the ABL Revolving Credit Facility and the 2026 Notes.

Accounts Receivable Securitization and Other Factoring Arrangements

3 Months Ended

Mar. 31, 2019

Transfers And Servicing [Abstract]

Accounts Receivable Securitization and Other Factoring Arrangements

9. Accounts Receivable Securitization and Other Factoring Arrangements

The Company had maintained a Receivables Purchase Agreement (“RPA”) among Manitowoc Funding, LLC (“MTW Funding”), as Seller, The Manitowoc Company, Inc., as Servicer, and Wells Fargo Bank, N.A., as Purchaser and as Agent, with a commitment size of $75.0 million. Under the RPA (and the related Purchase and Sale Agreements referenced in the RPA), the Company’s domestic trade accounts receivable were sold to MTW Funding which, in turn, sold, conveyed, transferred and assigned to a third-party financial institution (“Purchaser”), all of MTW Funding's rights, title and interest in a pool of receivables to the Purchaser. Transactions under the program are accounted for as sales in accordance with ASC Topic 860, “Transfers and Servicing.” This program was terminated on March 25, 2019.

Trade accounts receivable sold to the Purchaser and being serviced by the Company totaled $149.0 million and $160.9 million for the three months ended March 31, 2019 and 2018, respectively. Cash proceeds received from customers related to the receivables previously sold for the three months ended March 31, 2019 and 2018 were $182.8 million and $163.1 million, respectively.

Sales of trade receivables under the program reflected as a reduction of accounts receivable in the accompanying Condensed Consolidated Balance Sheets were zero and $75.0 million as of March 31, 2019 and December 31, 2018, respectively. The proceeds received from the sale of trade receivables under the program are included in cash flows from operating activities; whereas cash collections related to the deferred purchase price are classified as cash flows from investing activities in the accompanying Condensed Consolidated Statements of Cash Flows. The Company deemed the interest rate risk related to the deferred purchase price notes to be de minimis, primarily because the average collection cycle of the related receivables is less than 60 days; and as such, the fair value of the Company’s deferred purchase price notes approximates book value. The fair value of the deferred purchase price notes recorded as of March 31, 2019 and December 31, 2018 was zero and $71.5 million, respectively, and is included in accounts receivable in the accompanying Condensed Consolidated Balance Sheets. For the three months ended March 31, 2019 and 2018 non-cash investing activities related to the increase in the deferred purchase price was $168.3 million and $125.5 million, respectively.

The Company has two non-U.S. accounts receivable financing programs. Under these financing programs, the Company sold €35.2 million of receivables and received €35.2 million of cash on the sold receivables for the three months ended March 31, 2019. The maximum availability under these programs is €45 million.

Income Taxes

3 Months Ended

Mar. 31, 2019

Income Tax Disclosure [Abstract]

Income Taxes

10. Income Taxes

For the three months ended March 31, 2019 and 2018, the Company recorded provision for income taxes of $3.3 million and $3.9 million, respectively. The decrease in the Company’s provision for income taxes for the three months ended March 31, 2019 relative to the prior year primarily relates to reduced tax expense in foreign jurisdictions. In addition to the above, the Company’s effective tax rate varies from the U.S. federal statutory rate of 21% due to results of foreign operations that are subject to income taxes at different statutory rates.

The Company will also continue to evaluate its valuation allowance requirements on an ongoing basis in light of changing facts and circumstances and may adjust its deferred tax asset valuation allowances accordingly, and it is reasonably possible that the Company will either add to or reverse a portion of its existing deferred tax asset valuation allowances in the future. Such changes in the deferred tax asset valuation allowances will be reflected in the current operations through the Company’s income tax provision and could have a material effect on operating results.

The Company’s unrecognized tax benefits, excluding interest and penalties, were $12.9 million as of March 31, 2019 and $12.8 million as of December 31, 2018.

The Company regularly assesses the likelihood of an adverse outcome resulting from examinations to determine the adequacy of its tax reserves. As of March 31, 2019, the Company believes that it is more likely than not that the tax positions it has taken will be sustained upon the resolution of its audits, resulting in no material impact on its consolidated financial position and the results of operations and cash flows. However, the final determination with respect to any tax audits and any related litigation could be materially different from the Company’s estimates and/or from its historical income tax provisions and accruals and could have a material effect on operating results and/or cash flows in the periods for which that determination is made. In addition, future period earnings may be adversely impacted by litigation costs, settlements, penalties and/or interest assessments.

Earnings Per Share

3 Months Ended

Mar. 31, 2019

Earnings Per Share [Abstract]

Earnings Per Share

11. Earnings Per Share

Basic loss per share is computed as net loss divided by the basic weighted average common shares outstanding. The calculation of diluted loss per share includes the effect of any dilutive equity incentive instruments. The Company uses the treasury stock method to calculate the effect of outstanding dilutive equity incentive instruments, which requires the Company to compute total proceeds as the sum of the amount the employee must pay upon exercise of the award and the amount of unearned stock-based compensation costs attributable to future services.

Equity incentive instruments for which the total employee proceeds from exercise exceed the average fair value of the same equity incentive instrument over the period have an anti-dilutive effect on earnings per share during periods with net earnings, and accordingly, the Company excludes them from the calculation. Due to the net loss incurred during the three months ended March 31, 2019 and 2018, the assumed exercise of all equity incentive instruments was anti-dilutive and, therefore, not included in the diluted loss per share calculation for those periods.

The following is a reconciliation of the average shares outstanding used to compute basic and diluted earnings per share:

	Three Months Ended March 31,
	2019		2018
Basic weighted average common shares outstanding		35,642,832		35,367,340
Effect of dilutive securities		—		—
Diluted weighted average common shares outstanding		35,642,832		35,367,340

No cash dividends were paid during the three months ended March 31, 2019 and 2018.

Stockholders' Equity

3 Months Ended

Mar. 31, 2019

Equity [Abstract]

Stockholders' Equity

12. Stockholders’ Equity

Authorized capital consists of 75 million shares of $0.01 par value common stock and 3.5 million shares of $0.01 par value preferred stock. None of the preferred shares have been issued.

A reconciliation of the changes in accumulated other comprehensive loss, net of tax, by component for the three months ended March 31, 2019 and 2018 are summarized as follows:

	Gains and Losses on Cash Flow Hedges			Pension & Postretirement			Foreign Currency Translation			Total
Balance at December 31, 2018	$	(0.3	)	$	(36.2	)	$	(80.1	)	$	(116.6	)
Other comprehensive income (loss) before reclassifications		(0.7	)		0.1			(2.5	)		(3.1	)
Amounts reclassified from accumulated other comprehensive loss		0.8			0.4			—			1.2
Net other comprehensive income (loss)		0.1			0.5			(2.5	)		(1.9	)
Balance at March 31, 2019	$	(0.2	)	$	(35.7	)	$	(82.6	)	$	(118.5	)

	Gains and Losses on Cash Flow Hedges		Pension & Postretirement			Foreign Currency Translation			Total
Balance at December 31, 2017	$	0.1	$	(45.1	)	$	(52.4	)	$	(97.4	)
Other comprehensive income before reclassifications		—		0.1			11.4			11.5
Amounts reclassified from accumulated other comprehensive loss		—		0.6			—			0.6
Net other comprehensive income		—		0.7			11.4			12.1
Balance at March 31, 2018	$	0.1	$	(44.4	)	$	(41.0	)	$	(85.3	)

A reconciliation of the reclassifications out of accumulated other comprehensive loss, net of tax, for the three months ended March 31, 2019 and 2018 are summarized as follows:

	Amount Reclassified from Accumulated Other Comprehensive Loss
	Three Months Ended March 31, 2019			Three Months Ended March 31, 2018				Recognized Location
Losses on cash flow hedges
Foreign exchange contracts	$	(0.8	)	$	—			Cost of sales
Total before income taxes		(0.8	)		—
Income tax benefit		—			—
Total, net of income taxes	$	(0.8	)	$	—
Amortization of pension and postretirement items
Actuarial losses	$	(1.1	)	$	(1.4	)	(a)	Other expense - net
Amortization of prior service cost		0.7			0.7		(a)	Other expense - net
Total before income taxes		(0.4	)		(0.7	)
Income tax benefit		—			0.1
Total, net of income taxes	$	(0.4	)	$	(0.6	)

Total reclassifications for the period, net of income taxes	$	(1.2	)	$	(0.6	)

(a)	These accumulated other comprehensive income (loss) components are components of net periodic pension cost (see Note 18, “Employee Benefit Plans,” for further details)

Stock-Based Compensation

3 Months Ended

Mar. 31, 2019

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Stock-Based Compensation

13. Stock-Based Compensation

The Company’s 2013 Omnibus Incentive Plan (the “2013 Plan”) was approved by shareholders on May 7, 2013 and replaced several of the Company's incentive plans (collectively referred to as the “Prior Plans”). No new awards may be granted under the Prior Plans; however, outstanding awards under the Prior Plans will continue in force and effect pursuant to their terms. The 2013 Plan provides for both short-term and long-term incentive awards for employees and non-employee directors. Stock-based awards may take the form of stock options, stock appreciation rights, restricted stock (“RSAs”), restricted stock units (“RSUs”) and performance shares or performance unit awards. The total number of shares of the Company’s common stock available for awards under the 2013 Plan is 7,477,395 shares.

Stock-based compensation expense was $3.1 million and $2.4 million for the three months ended March 31, 2019 and 2018, respectively. The Company recognizes stock-based compensation expense over the awards' vesting period.

Options to acquire 210,243 and 160,462 shares of common stock were granted to employees during the three months ended March 31, 2019 and 2018, respectively. The options granted in 2019 and 2018 become exercisable in three annual increments over a three-year period beginning on the first anniversary of the grant date and expire 10 years subsequent to the grant date.

A total of 176,371 and 31,220 RSUs were issued by the Company to employees during the three months ended March 31, 2019 and 2018, respectively. The RSUs granted to employees vest on the third anniversary of the grant date.

A total of 228,037 and 76,531 performance shares were issued during the three months ended March 31, 2019 and 2018, respectively. Performance shares are earned based on the extent to which performance goals are met over the applicable performance period. The performance goals and the applicable performance period vary for each grant year. The performance goals for the performance shares granted in 2019 and 2018 are based 50% on total shareholder return relative to peers during the three-year performance period and 50% on Adjusted EBITDA percentage from continuing operations in 2021 and 2020, respectively. Depending on the foregoing factors, the number of shares earned could range from zero to two times the amount of performance shares outstanding.

The Company issued a total of 50,673 and 22,936 equity grants to directors during the three months ended March 31, 2019 and 2018, respectively. The 2019 and 2018 equity grants vested immediately upon the grant date.

Segments

3 Months Ended

Mar. 31, 2019

Segment Reporting [Abstract]

Segments

14. 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, excluding the Middle East region. 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, 2019 and 2018:

	Three Months Ended March 31, 2019		Three Months Ended March 31, 2018
Net Sales
Americas	$	206.1	$	162.9
EURAF		154.2		154.2
MEAP		57.7		69.0
Total	$	418.0	$	386.1
Segment Operating Income
Americas	$	15.2	$	2.7
EURAF		3.4		3.4
MEAP		7.3		7.9
Total	$	25.9	$	14.0
Depreciation
Americas	$	3.6	$	3.5
EURAF		3.7		3.8
MEAP		0.7		1.0
Corporate		0.8		0.8
Total	$	8.8	$	9.1
Capital Expenditures
Americas	$	2.8	$	2.3
EURAF		0.8		2.4
MEAP		0.8		1.2
Corporate		—		0.5
Total	$	4.4	$	6.4

A reconciliation of the Company’s segment operating income to the Condensed Consolidated Statement of Operations for the three months ended March 31, 2019 and 2018 are summarized as follows:

	Three Months Ended March 31, 2019			Three Months Ended March 31, 2018
Segment operating income	$	25.9		$	14.0
Unallocated corporate expenses		(9.3	)		(9.6	)
Restructuring expense		(0.1	)		(2.2	)
Other operating expense - net		(0.3	)		(0.5	)
Total operating income	$	16.2		$	1.7

Net sales by geographic area for the three months ended March 31, 2019 and 2018 are summarized as follows:

	Three Months Ended March 31, 2019		Three Months Ended March 31, 2018
United States	$	184.7	$	144.3
Europe		149.1		150.3
Other		84.2		91.5
Total	$	418.0	$	386.1

Net sales by product for the three months ended March 31, 2019 and 2018 are summarized as follows:

	Three Months Ended March 31, 2019		Three Months Ended March 31, 2018
Cranes	$	333.5	$	307.5
Aftermarket parts and other*		84.5		78.6
Total net sales	$	418.0	$	386.1

*Other revenue consists of revenue related to CraneCare services such as trainings and

field service work.

Fair Value of Financial Instruments

3 Months Ended

Mar. 31, 2019

Fair Value Disclosures [Abstract]

Fair Value of Financial Instruments

15. Fair Value of Financial Instruments

ASC Topic 820-10, “Fair Value Measurement,” defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. ASC Topic 820-10 classifies the inputs used to measure fair value into the following hierarchy:


Level 1		Unadjusted quoted prices in active markets for identical assets or liabilities

Level 2		Unadjusted quoted prices in active markets for similar assets or liabilities, or

		Unadjusted quoted prices for identical or similar assets or liabilities in markets that are not active, or

		Inputs other than quoted prices that are observable for the asset or liability

Level 3		Unobservable inputs for the asset or liability

The following tables set forth the Company’s financial assets and liabilities that were accounted for at fair value as of March 31, 2019 and December 31, 2018, by level within the fair value hierarchy. Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement.

	Fair Value as of March 31, 2019
	Level 1		Level 2		Level 3		Total
Current Assets:
Foreign currency exchange contracts	$	—	$	0.1	$	—	$	0.1

Current Liabilities:
Foreign currency exchange contracts	$	—	$	1.1	$	—	$	1.1

	Fair Value as of December 31, 2018
	Level 1		Level 2		Level 3		Total
Current Assets:
Foreign currency exchange contracts	$	—	$	0.1	$	—	$	0.1

Current Liabilities:
Foreign currency exchange contracts	$	—	$	1.8	$	—	$	1.8

The fair value of the Company’s 2026 Notes was approximately $303.3 million as of March 31, 2019. The fair value of the Company’s Prior 2021 Notes was approximately $278.1 million as of December 31, 2018. See Note 8, “Debt,” for a description of the debt instruments and their related carrying values.

The Company endeavors to utilize the best available information in measuring fair value. Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. The Company estimates the fair value of its Prior 2021 Notes and 2026 Notes based on quoted market prices; because these markets are typically thinly traded, the liabilities are classified as Level 2 within the valuation hierarchy. The carrying values of cash, cash equivalents and restricted cash, accounts receivable, accounts payable, deferred purchase price notes on receivables sold (see Note 9, “Accounts Receivable Securitization”) and short-term variable debt, including any amounts outstanding under the ABL Revolving Credit Facility, approximate fair value, without being discounted as of March 31, 2019 and December 31, 2018, due to the short-term nature of these instruments.

As a result of its global operating and financing activities, the Company is exposed to market risks from changes in interest rates, foreign currency exchange rates and commodity prices, which may adversely affect the Company’s operating results and financial position. When deemed appropriate, the Company attempts to minimize these risks through the use of derivative financial instruments. Derivative financial instruments are used to manage risk and are not used for trading or other speculative purposes, and the Company does not use leveraged derivative financial instruments. Foreign currency exchange, commodity and interest rate contracts are valued through an independent valuation source that uses an industry standard data provider, with resulting valuations periodically validated through third-party or counterparty quotes. As such, these derivative instruments are classified within Level 2.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Commitments and Contingencies

3 Months Ended

Mar. 31, 2019

Commitments And Contingencies Disclosure [Abstract]

Commitments and Contingencies

16. Commitments and Contingencies

Product liability reserves are recorded as current liabilities in the Condensed Consolidated Balance Sheets at March 31, 2019 and December 31, 2018 and were $16.8 million and $16.3 million, respectively. These reserves were estimated using a combination of actual case reserves and actuarial methods. Based on the Company’s experience in defending product liability claims, management believes the current reserves are adequate for estimated case resolutions on aggregate self-insured claims and insured claims. Any recoveries from insurance carriers are dependent upon the legal sufficiency of claims and solvency of insurance carriers.

The Company is involved in various legal actions arising out of the normal course of business, which, taking into account the liabilities accrued and legal counsel’s evaluation of such actions, in the opinion of management, the ultimate resolution, individually and in the aggregate, is not expected to have a material adverse effect on the Company’s financial condition, results of operations or cash flows.

On March 19, 2019, the Company agreed to settle a legal matter. The Company anticipates that the terms of the settlement agreement will be finalized in the quarter ended June 30, 2019.

It is reasonably possible that the estimates for warranty costs, product liability, environmental remediation, asbestos-related claims and other various legal matters may change based upon new information that may arise or matters that are beyond the scope of the Company’s historical experience. Presently, there are no reliable methods to estimate the amount of any such potential changes.

Guarantees

3 Months Ended

Mar. 31, 2019

Guarantees [Abstract]

Guarantees

17. Guarantees

The Company periodically enters into transactions with customers that provide for buyback commitments. The Company evaluates each agreement at the inception of the order to determine if the customer has a significant economic incentive to exercise the buyback option. If it is determined that the customer has significant economic incentive to exercise that right, the revenue is deferred and the agreement is accounted for as a lease in accordance with ASC Topic 842 – “Leases,” (“Topic 842”). If it is determined that the customer does not have a significant economic incentive to exercise that right, then revenue is recognized when control of the product is transferred to the customer. The deferred revenue included in accounts payable and accrued expense and non-current liabilities, in the Condensed Consolidated Balance Sheets, as of March 31, 2019 and December 31, 2018 was $36.9 million and $34.4 million, respectively. The total amount of buyback commitments given by the Company and outstanding as of March 31, 2019 and December 31, 2018 was $30.3 million and $30.9 million, respectively. These amounts are not reduced for amounts the Company would recover from repossessing and subsequent resale of the units. The buyback commitments expire at various times through 2025.

As of March 31, 2019 and December 31, 2018, the Company had reserved $37.2 million and $38.5 million for warranty claims included in product warranties as well as other non-current liabilities in the Condensed Consolidated Balance Sheets. In the normal course of business, the Company provides its customers a warranty covering workmanship, and in some cases materials, on products manufactured by the Company. Such warranties generally provide that products will be free from defects for periods ranging from 12 to 60 months. If a product fails to comply with the Company’s warranty, the Company may be obligated, at its expense, to correct any defect by repairing or replacing such defective products. The Company provides for an estimate of costs that may be incurred under its warranty at the time product revenue is recognized. These costs primarily include labor and materials, as necessary, associated with repair or replacement. The primary factors that affect the Company’s warranty liability include the number of units shipped and historical and anticipated warranty claims. As these factors are impacted by actual experience and future expectations, the Company assesses the adequacy of its recorded warranty liability and adjusts the amounts as necessary. Below is a table summarizing the warranty activity for the three months ended March 31, 2019 and 2018:

	Three Months Ended March 31,
	2019			2018
Balance at beginning of period	$	38.5		$	35.2
Accruals for warranties issued during the period		6.5			5.4
Settlements made (in cash or in kind) during the period		(7.5	)		(5.8	)
Currency translation		(0.3	)		0.4
Balance at end of period	$	37.2		$	35.2

Employee Benefit Plans

3 Months Ended

Mar. 31, 2019

Compensation And Retirement Disclosure [Abstract]

Employee Benefit Plans

18. Employee Benefit Plans

The Company provides certain pension, health care and death benefits to eligible retirees and their dependents. The funding mechanism for such benefits varies based on the country where the retiree resides and receives benefits. Eligibility for pension coverage is based on retirement qualifications. Healthcare benefits may be subject to deductibles, co-payments and other limitations. The Company reserves the right to modify benefits unless prohibited by local laws or regulations.

The components of periodic benefit costs for the three months ended March 31, 2019 and March 31, 2018 are summarized as follows:

	Three Months Ended March 31, 2019
							Postretirement
	U.S.			Non-U.S.			Health and
	Pension			Pension			Other
	Plans			Plans			Plans
Service cost - benefits earned during the period	$	—		$	0.5		$	0.1
Interest cost of projected benefit obligations		1.3			0.5			0.2
Expected return on plan assets		(1.1	)		(0.3	)		—
Amortization of prior service cost		—			—			(0.7	)
Amortization of actuarial net loss		0.8			0.3			—
Net periodic benefit costs	$	1.0		$	1.0		$	(0.4	)

	Three Months Ended March 31, 2018
							Postretirement
	U.S.			Non-U.S.			Health and
	Pension			Pension			Other
	Plans			Plans			Plans
Service cost - benefits earned during the period	$	—		$	0.5		$	0.1
Interest cost of projected benefit obligations		1.3			0.5			0.2
Expected return on plan assets		(1.5	)		(0.4	)		—
Amortization of prior service costs		—			—			(0.7	)
Amortization of actuarial net loss		0.8			0.4			0.2
Net periodic benefit costs	$	0.6		$	1.0		$	(0.2	)

The components of net periodic benefit cost other than the service cost component are included in the line item “other income (expense) - net” in the Condensed Consolidated Statement of Operations.

Restructuring

3 Months Ended

Mar. 31, 2019

Restructuring And Related Activities [Abstract]

Restructuring

19. Restructuring

During the three months ended March 31, 2019 and 2018, the Company incurred $4.5 million and $6.2 million of restructuring expense, respectively. The costs for the three months ended March 31, 2019 related primarily to costs associated with headcount reductions in Europe and North America. Costs for the three months ended March 31, 2018, related primarily to severance costs for the departure of an executive officer, costs associated with training of skilled labor as a result of the transfer of manufacturing to Shady Grove, PA and costs associated with headcount reductions in Europe.

The following is a rollforward of the Company's restructuring accrual for the three months ended March 31, 2019 and 2018:

	Three Months Ended March 31,
	2019			2018
Balance at beginning of period	$	3.3		$	5.6
Restructuring expenses		4.5			6.2
Use of reserve		(3.0	)		(6.0	)
Reserve reclassification		(0.2	)		(0.3	)
Currency translation		—			(0.1	)
Balance at end of period	$	4.6		$	5.4

Leases

3 Months Ended

Mar. 31, 2019

Leases [Abstract]

Leases

20. Leases

As of January 1, 2019 the Company adopted Topic 842 in which, the Company elected to use the modified prospective approach, which does not require a retrospective restatement of prior years. The adjustment from application of Topic 842 resulted in no cumulative catch-up to retained earnings. As part of the adoption, the Company applied the package of practical expedients which does not require the Company to reassess the lease classification for any expired or existing leases upon adoption of Topic 842.

The Company has operating leases for offices, warehouses, land for storage of cranes, vehicles, information technology equipment, and manufacturing equipment. The remaining lease terms are up to 24 years, some of which include options to extend the lease term for up to 10 years, and some which include options to terminate the lease within 1 year. Certain leases include one or more options to renew; the exercise of lease renewal options is at the Company’s discretion. The Company includes renewal option periods in the lease term when it is determined that the options are reasonably certain to be exercised. The Company’s financing leases have an immaterial impact on the condensed consolidated financial statements.

The components of lease expense are summarized as follows:

	Three Months Ended
	March 31, 2019
Operating lease cost	$	3.9
Variable lease cost*		0.4
Total lease cost	$	4.3
*Includes short-term leases, which are immaterial.

Supplemental cash flow information related to leases are summarized as follows:

	Three Months Ended
	March 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	7.2

Supplemental balance sheet information related to leases are summarized as follows:

	Three Months Ended
Operating Leases	March 31, 2019
Operating lease right-of-use assets	$	49.1
Other liabilities	$	11.7
Operating lease liabilities		38.3
Total operating lease liabilities	$	50.0

As of March 31, 2019, the Company’s operating leases have a weighted-average remaining lease term of 6.8 years and a weighted-average discount rate of 5.1%. Topic 842 requires a lessee to discount its unpaid lease obligations using the interest rate implicit in the lease, or if not readily determinable, the incremental borrowing rate. Generally, the Company uses its incremental borrowing rate as the implicit rate cannot be determined. The Company’s incremental borrowing rate for a lease is the rate of interest, from within the applicable location of the leased asset, it would have to pay on a collateralized basis to borrow an amount equal to the lease payments under similar terms.

Maturities of operating lease liabilities as of March 31, 2019 are summarized as follows:

Year
2019	$	10.1
2020		11.2
2021		9.5
2022		7.1
2023		4.3
Thereafter		15.8
Total lease payments		58.0
Less: imputed interest		(8.0	)
Present value of lease liabilities	$	50.0

Recent Accounting Changes and Pronouncements

3 Months Ended

Mar. 31, 2019

Recent Accounting Changes And Pronouncements [Abstract]

Recent Accounting Changes and Pronouncements

21. Recent Accounting Changes and Pronouncements

In August 2018, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2018-15 “Intangibles – Goodwill and Other – Internal-use Software (Subtopic 250-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement that is a Service Contract.” The amendments in this ASU align the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software. The standard is effective for annual periods beginning after December 15, 2019. The Company is evaluating the impact the adoption this ASU will have on its condensed consolidated financial statements.

In June 2018, the FASB issued ASU No. 2018-7 “Compensation – Stock Compensation (Topic 718): Improvements to Nonemployee Share-based Payment Accounting,” which aligns the accounting for nonemployee share-based payments with employee share-based payments under Topic 718. The Company adopted this ASU as of January 1, 2019. The adoption of the ASU did not have a material impact on the Company’s condensed consolidated financial statements.

In February 2018, the FASB issued ASU No. 2018-02 “Income Statement-Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income. This new standard permits an entity to reclassify to retained earnings the tax effects stranded in accumulated other comprehensive income (“AOCI”) as a result of U.S. tax reform. The Company adopted this ASU as of January 1, 2019 and chose not to reclassify the stranded tax effects related to the U.S. tax reform change in the federal corporate tax rate from AOCI to retained earnings. The Company has elected the portfolio approach to release stranded income tax effects in AOCI.

In August 2017, the FASB issued ASU No. 2017-12 “Targeted Improvements to Accounting for Hedging Activities,” which amends ASC 815, “Derivatives and Hedging.” The purpose of this ASU is to better align a company’s risk management activities and financial reporting for hedging relationships, simplify the hedge accounting requirements, and improve the disclosures of hedging arrangements. The Company adopted this ASU as of January 1, 2019. The adoption of the ASU did not have a material impact on the Company’s condensed consolidated financial statements.

In March 2017, the FASB issued ASU No. 2017-08 “Receivables - Nonrefundable Fees and Other Costs (Subtopic 310-20): Premium Amortization on Purchased Callable Debt Securities,” to shorten the amortization period for the premium to the earliest call date instead of the contractual life of the instrument. The Company adopted this ASU as of January 1, 2019. The adoption of the ASU did not have a material impact on the Company’s condensed consolidated financial statements.

In February 2016, the FASB issued ASU 2016-02 - “Leases,” which is intended to improve financial reporting on leasing transactions. This was further clarified with technical corrections issued within ASU 2018-10 and ASU 2018-11. This standard requires a lessee to record on the balance sheet the assets and liabilities for the rights and obligations created by lease terms of more than 12 months. This standard is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The adoption of this ASU did not have a material impact on the Company’s Condensed Consolidated Statement of Operations and Condensed Consolidated Statement of Cash Flows. The Company adopted this ASU as of January 1, 2019. The updated disclosures are included in Note 20, “Leases.”

Recent Accounting Changes and Pronouncements (Policies)

3 Months Ended

Mar. 31, 2019

Recent Accounting Changes And Pronouncements [Abstract]

Fair Value Measurement

ASC Topic 820-10, “Fair Value Measurement,” defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. ASC Topic 820-10 classifies the inputs used to measure fair value into the following hierarchy:


Level 1		Unadjusted quoted prices in active markets for identical assets or liabilities

Level 2		Unadjusted quoted prices in active markets for similar assets or liabilities, or

		Unadjusted quoted prices for identical or similar assets or liabilities in markets that are not active, or

		Inputs other than quoted prices that are observable for the asset or liability

Level 3		Unobservable inputs for the asset or liability

Recent Accounting Changes and Pronouncements

In August 2018, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2018-15 “Intangibles – Goodwill and Other – Internal-use Software (Subtopic 250-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement that is a Service Contract.” The amendments in this ASU align the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software. The standard is effective for annual periods beginning after December 15, 2019. The Company is evaluating the impact the adoption this ASU will have on its condensed consolidated financial statements.

In June 2018, the FASB issued ASU No. 2018-7 “Compensation – Stock Compensation (Topic 718): Improvements to Nonemployee Share-based Payment Accounting,” which aligns the accounting for nonemployee share-based payments with employee share-based payments under Topic 718. The Company adopted this ASU as of January 1, 2019. The adoption of the ASU did not have a material impact on the Company’s condensed consolidated financial statements.

In February 2018, the FASB issued ASU No. 2018-02 “Income Statement-Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income. This new standard permits an entity to reclassify to retained earnings the tax effects stranded in accumulated other comprehensive income (“AOCI”) as a result of U.S. tax reform. The Company adopted this ASU as of January 1, 2019 and chose not to reclassify the stranded tax effects related to the U.S. tax reform change in the federal corporate tax rate from AOCI to retained earnings. The Company has elected the portfolio approach to release stranded income tax effects in AOCI.

In August 2017, the FASB issued ASU No. 2017-12 “Targeted Improvements to Accounting for Hedging Activities,” which amends ASC 815, “Derivatives and Hedging.” The purpose of this ASU is to better align a company’s risk management activities and financial reporting for hedging relationships, simplify the hedge accounting requirements, and improve the disclosures of hedging arrangements. The Company adopted this ASU as of January 1, 2019. The adoption of the ASU did not have a material impact on the Company’s condensed consolidated financial statements.

In March 2017, the FASB issued ASU No. 2017-08 “Receivables - Nonrefundable Fees and Other Costs (Subtopic 310-20): Premium Amortization on Purchased Callable Debt Securities,” to shorten the amortization period for the premium to the earliest call date instead of the contractual life of the instrument. The Company adopted this ASU as of January 1, 2019. The adoption of the ASU did not have a material impact on the Company’s condensed consolidated financial statements.

In February 2016, the FASB issued ASU 2016-02 - “Leases,” which is intended to improve financial reporting on leasing transactions. This was further clarified with technical corrections issued within ASU 2018-10 and ASU 2018-11. This standard requires a lessee to record on the balance sheet the assets and liabilities for the rights and obligations created by lease terms of more than 12 months. This standard is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The adoption of this ASU did not have a material impact on the Company’s Condensed Consolidated Statement of Operations and Condensed Consolidated Statement of Cash Flows. The Company adopted this ASU as of January 1, 2019. The updated disclosures are included in Note 20, “Leases.”

Revenues (Tables)

3 Months Ended

Mar. 31, 2019

Revenue From Contract With Customer [Abstract]

Schedule of Change In Customer Advances Balance

The table below shows the change in the customer advances balance for the three months ended March 31, 2019 and 2018

	Three Months Ended March 31,
	2019			2018
Balance at beginning of period	$	9.6		$	12.7
Cash received in advance of satisfying performance obligation		31.9			26.3
Revenue recognized		(28.3	)		(24.8	)
Currency translation		0.1			0.2
Balance at end of period	$	13.3		$	14.4

Inventories (Tables)

3 Months Ended

Mar. 31, 2019

Inventory Disclosure [Abstract]

Schedule of the components of inventories

The components of inventories as of March 31, 2019 and December 31, 2018 are summarized as follows:

	March 31, 2019			December 31, 2018
Raw materials	$	169.4		$	159.2
Work-in-process		147.1			112.0
Finished goods		279.1			238.0
Total inventories — gross		595.6			509.2
Excess and obsolete inventory reserve		(57.5	)		(56.1	)
Net inventories	$	538.1		$	453.1

Property, Plant and Equipment (Tables)

3 Months Ended

Mar. 31, 2019

Property Plant And Equipment [Abstract]

Components of 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

Goodwill and Other Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2019

Goodwill And Intangible Assets Disclosure [Abstract]

Changes in goodwill by reportable segment

The changes in the carrying amount of goodwill for the year ended December 31, 2018 and the three months ended March 31, 2019 are summarized as follows:

	Americas		EURAF			MEAP
Balance as of January 1, 2018	$	166.5	$	85.9		$	68.9
Foreign currency impact		—		(3.7	)		(2.6	)
Goodwill impairment - October 31, 2018		—		(82.2	)		—
Balance as of December 31, 2018		166.5		—			66.3
Foreign currency impact		—		—			0.5
Balance as of March 31, 2019	$	166.5	$	—		$	66.8

Gross carrying amount, accumulated amortization and net book value of intangible assets other than goodwill

The gross carrying amount, accumulated amortization and net book value of the Company’s intangible assets other than goodwill at March 31, 2019 and December 31, 2018 are summarized as follows:

	March 31, 2019							December 31, 2018
	Gross Carrying Amount		Accumulated Amortization			Net Book Value		Gross Carrying Amount		Accumulated Amortization			Net Book Value
Trademarks and tradenames	$	95.5	$	—		$	95.5	$	96.7	$	—		$	96.7
Customer relationships		10.2		(8.5	)		1.7		10.1		(8.4	)		1.7
Patents		29.5		(28.5	)		1.0		29.8		(29.0	)		0.8
Engineering drawings		10.4		(10.4	)		—		10.5		(10.5	)		—
Distribution network		18.7		(0.1	)		18.6		19.0		(0.1	)		18.9
Total	$	164.3	$	(47.6	)	$	116.7	$	166.1	$	(48.0	)	$	118.1

Accounts Payable and Accrued Expenses (Tables)

3 Months Ended

Mar. 31, 2019

Payables And Accruals [Abstract]

Schedule of accounts payable and accrued expenses

Accounts payable and accrued expenses at March 31, 2019 and December 31, 2018 are summarized as follows:

	March 31, 2019		December 31, 2018
Trade accounts payable	$	272.2	$	249.2
Employee-related expenses		47.0		59.5
Accrued vacation		24.9		24.3
Miscellaneous accrued expenses		76.2		92.2
Total accounts payable and accrued expenses	$	420.3	$	425.2

Debt (Tables)

3 Months Ended

Mar. 31, 2019

Debt Disclosure [Abstract]

Schedule of outstanding debt

Outstanding debt at March 31, 2019 and December 31, 2018 are summarized as follows:

	March 31, 2019			December 31, 2018
Senior secured asset based revolving credit facility	$	33.0		$	—
Senior secured second lien notes due 2021		—			254.2
Senior secured second lien notes due 2026		300.0			—
Other		19.9			21.2
Deferred financing costs		(5.0	)		(2.3	)
Total debt		347.9			273.1
Short-term borrowings and current portion of long-term debt		(5.9	)		(6.4	)
Long-term debt	$	342.0		$	266.7

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28541-108399

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21506-112644

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28551-108399

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21521-112644

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21538-112644

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21475-112644

+ Details

Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2019

Earnings Per Share [Abstract]

Reconciliation of the average shares outstanding used to compute basic and diluted earnings per share

The following is a reconciliation of the average shares outstanding used to compute basic and diluted earnings per share:

	Three Months Ended March 31,
	2019		2018
Basic weighted average common shares outstanding		35,642,832		35,367,340
Effect of dilutive securities		—		—
Diluted weighted average common shares outstanding		35,642,832		35,367,340

Stockholders' Equity (Tables)

3 Months Ended

Mar. 31, 2019

Equity [Abstract]

Schedule of Components of Accumulated Other Comprehensive Income (Loss)

A reconciliation of the changes in accumulated other comprehensive loss, net of tax, by component for the three months ended March 31, 2019 and 2018 are summarized as follows:

	Gains and Losses on Cash Flow Hedges			Pension & Postretirement			Foreign Currency Translation			Total
Balance at December 31, 2018	$	(0.3	)	$	(36.2	)	$	(80.1	)	$	(116.6	)
Other comprehensive income (loss) before reclassifications		(0.7	)		0.1			(2.5	)		(3.1	)
Amounts reclassified from accumulated other comprehensive loss		0.8			0.4			—			1.2
Net other comprehensive income (loss)		0.1			0.5			(2.5	)		(1.9	)
Balance at March 31, 2019	$	(0.2	)	$	(35.7	)	$	(82.6	)	$	(118.5	)

	Gains and Losses on Cash Flow Hedges		Pension & Postretirement			Foreign Currency Translation			Total
Balance at December 31, 2017	$	0.1	$	(45.1	)	$	(52.4	)	$	(97.4	)
Other comprehensive income before reclassifications		—		0.1			11.4			11.5
Amounts reclassified from accumulated other comprehensive loss		—		0.6			—			0.6
Net other comprehensive income		—		0.7			11.4			12.1
Balance at March 31, 2018	$	0.1	$	(44.4	)	$	(41.0	)	$	(85.3	)

Reconciliation of reclassifications out of accumulated other comprehensive income (loss), net of tax

A reconciliation of the reclassifications out of accumulated other comprehensive loss, net of tax, for the three months ended March 31, 2019 and 2018 are summarized as follows:

	Amount Reclassified from Accumulated Other Comprehensive Loss
	Three Months Ended March 31, 2019			Three Months Ended March 31, 2018				Recognized Location
Losses on cash flow hedges
Foreign exchange contracts	$	(0.8	)	$	—			Cost of sales
Total before income taxes		(0.8	)		—
Income tax benefit		—			—
Total, net of income taxes	$	(0.8	)	$	—
Amortization of pension and postretirement items
Actuarial losses	$	(1.1	)	$	(1.4	)	(a)	Other expense - net
Amortization of prior service cost		0.7			0.7		(a)	Other expense - net
Total before income taxes		(0.4	)		(0.7	)
Income tax benefit		—			0.1
Total, net of income taxes	$	(0.4	)	$	(0.6	)

Total reclassifications for the period, net of income taxes	$	(1.2	)	$	(0.6	)

(a)	These accumulated other comprehensive income (loss) components are components of net periodic pension cost (see Note 18, “Employee Benefit Plans,” for further details)

Segments (Tables)

3 Months Ended

Mar. 31, 2019

Segment Reporting [Abstract]

Schedule of Information by Reportable Segment

The following table shows information by reportable segment for the three months ended March 31, 2019 and 2018:

	Three Months Ended March 31, 2019		Three Months Ended March 31, 2018
Net Sales
Americas	$	206.1	$	162.9
EURAF		154.2		154.2
MEAP		57.7		69.0
Total	$	418.0	$	386.1
Segment Operating Income
Americas	$	15.2	$	2.7
EURAF		3.4		3.4
MEAP		7.3		7.9
Total	$	25.9	$	14.0
Depreciation
Americas	$	3.6	$	3.5
EURAF		3.7		3.8
MEAP		0.7		1.0
Corporate		0.8		0.8
Total	$	8.8	$	9.1
Capital Expenditures
Americas	$	2.8	$	2.3
EURAF		0.8		2.4
MEAP		0.8		1.2
Corporate		—		0.5
Total	$	4.4	$	6.4

Schedule of Reconciliation of the Company's Segment Operating Income

A reconciliation of the Company’s segment operating income to the Condensed Consolidated Statement of Operations for the three months ended March 31, 2019 and 2018 are summarized as follows:

	Three Months Ended March 31, 2019			Three Months Ended March 31, 2018
Segment operating income	$	25.9		$	14.0
Unallocated corporate expenses		(9.3	)		(9.6	)
Restructuring expense		(0.1	)		(2.2	)
Other operating expense - net		(0.3	)		(0.5	)
Total operating income	$	16.2		$	1.7

Schedule of Net Sales by Geographic Area

Net sales by geographic area for the three months ended March 31, 2019 and 2018 are summarized as follows:

	Three Months Ended March 31, 2019		Three Months Ended March 31, 2018
United States	$	184.7	$	144.3
Europe		149.1		150.3
Other		84.2		91.5
Total	$	418.0	$	386.1

Schedule of Net Sales By Product

Net sales by product for the three months ended March 31, 2019 and 2018 are summarized as follows:

	Three Months Ended March 31, 2019		Three Months Ended March 31, 2018
Cranes	$	333.5	$	307.5
Aftermarket parts and other*		84.5		78.6
Total net sales	$	418.0	$	386.1

*Other revenue consists of revenue related to CraneCare services such as trainings and

field service work.

Fair Value of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2019

Fair Value Disclosures [Abstract]

Financial Assets and Liabilities Accounted for at Fair Value on a Recurring Basis by Level within the Fair Value Hierarchy

The following tables set forth the Company’s financial assets and liabilities that were accounted for at fair value as of March 31, 2019 and December 31, 2018, by level within the fair value hierarchy. Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement.

	Fair Value as of March 31, 2019
	Level 1		Level 2		Level 3		Total
Current Assets:
Foreign currency exchange contracts	$	—	$	0.1	$	—	$	0.1

Current Liabilities:
Foreign currency exchange contracts	$	—	$	1.1	$	—	$	1.1

	Fair Value as of December 31, 2018
	Level 1		Level 2		Level 3		Total
Current Assets:
Foreign currency exchange contracts	$	—	$	0.1	$	—	$	0.1

Current Liabilities:
Foreign currency exchange contracts	$	—	$	1.8	$	—	$	1.8

Guarantees (Tables)

3 Months Ended

Mar. 31, 2019

Guarantees [Abstract]

Summary of Warranty Activity

Below is a table summarizing the warranty activity for the three months ended March 31, 2019 and 2018:

	Three Months Ended March 31,
	2019			2018
Balance at beginning of period	$	38.5		$	35.2
Accruals for warranties issued during the period		6.5			5.4
Settlements made (in cash or in kind) during the period		(7.5	)		(5.8	)
Currency translation		(0.3	)		0.4
Balance at end of period	$	37.2		$	35.2

Employee Benefit Plans (Tables)

3 Months Ended

Mar. 31, 2019

Compensation And Retirement Disclosure [Abstract]

Schedule of components of period benefit costs

The components of periodic benefit costs for the three months ended March 31, 2019 and March 31, 2018 are summarized as follows:

	Three Months Ended March 31, 2019
							Postretirement
	U.S.			Non-U.S.			Health and
	Pension			Pension			Other
	Plans			Plans			Plans
Service cost - benefits earned during the period	$	—		$	0.5		$	0.1
Interest cost of projected benefit obligations		1.3			0.5			0.2
Expected return on plan assets		(1.1	)		(0.3	)		—
Amortization of prior service cost		—			—			(0.7	)
Amortization of actuarial net loss		0.8			0.3			—
Net periodic benefit costs	$	1.0		$	1.0		$	(0.4	)

	Three Months Ended March 31, 2018
							Postretirement
	U.S.			Non-U.S.			Health and
	Pension			Pension			Other
	Plans			Plans			Plans
Service cost - benefits earned during the period	$	—		$	0.5		$	0.1
Interest cost of projected benefit obligations		1.3			0.5			0.2
Expected return on plan assets		(1.5	)		(0.4	)		—
Amortization of prior service costs		—			—			(0.7	)
Amortization of actuarial net loss		0.8			0.4			0.2
Net periodic benefit costs	$	0.6		$	1.0		$	(0.2	)

Restructuring (Tables)

3 Months Ended

Mar. 31, 2019

Restructuring And Related Activities [Abstract]

Rollforward of all restructuring accrual

The following is a rollforward of the Company's restructuring accrual for the three months ended March 31, 2019 and 2018:

	Three Months Ended March 31,
	2019			2018
Balance at beginning of period	$	3.3		$	5.6
Restructuring expenses		4.5			6.2
Use of reserve		(3.0	)		(6.0	)
Reserve reclassification		(0.2	)		(0.3	)
Currency translation		—			(0.1	)
Balance at end of period	$	4.6		$	5.4

Leases (Tables)

3 Months Ended

Mar. 31, 2019

Leases [Abstract]

Summary of Components of Lease Expense

The components of lease expense are summarized as follows:

	Three Months Ended
	March 31, 2019
Operating lease cost	$	3.9
Variable lease cost*		0.4
Total lease cost	$	4.3
*Includes short-term leases, which are immaterial.

Summary of Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases are summarized as follows:

	Three Months Ended
	March 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	7.2

Summary of Supplemental Balance Sheet Information Related to Leases

Supplemental balance sheet information related to leases are summarized as follows:

	Three Months Ended
Operating Leases	March 31, 2019
Operating lease right-of-use assets	$	49.1
Other liabilities	$	11.7
Operating lease liabilities		38.3
Total operating lease liabilities	$	50.0

Summary of Maturities of Operating Lease Liabilities

Maturities of operating lease liabilities as of March 31, 2019 are summarized as follows:

Year
2019	$	10.1
2020		11.2
2021		9.5
2022		7.1
2023		4.3
Thereafter		15.8
Total lease payments		58.0
Less: imputed interest		(8.0	)
Present value of lease liabilities	$	50.0

Accounting Policies and Basis of Presentation - Narrative (Details) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2019 USD ($) segment	Mar. 31, 2018 USD ($)	Dec. 31, 2018 USD ($)
Accounting Policies [Abstract]
Period of providing high-quality, customer-focused products and support services	116 years
Net sales \| $	$ 418.0	$ 386.1	$ 1,800.0
Number of reportable segments \| segment	3

Revenues - Schedule of Change In Customer Advances Balance (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Revenue From Contract With Customer [Abstract]
Balance at beginning of period	$ 9.6	$ 12.7
Cash received in advance of satisfying performance obligation	31.9	26.3
Revenue recognized	(28.3)	(24.8)
Currency translation	0.1	0.2
Balance at end of period	$ 13.3	$ 14.4

Inventories - Components of Inventories (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Inventory Disclosure [Abstract]
Raw materials	$ 169.4	$ 159.2
Work-in-process	147.1	112.0
Finished goods	279.1	238.0
Total inventories — gross	595.6	509.2
Excess and obsolete inventory reserve	(57.5)	(56.1)
Net inventories	$ 538.1	$ 453.1

Notes Receivable - Narrative (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Receivables [Abstract]
Notes receivable, current	$ 18.7	$ 19.4
Notes receivable, long term	$ 18.4	$ 17.0

Property, Plant and Equipment - Components of property, plant and equipment (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Property, Plant and Equipment
Total cost	$ 712.9	$ 715.9
Less accumulated depreciation	(426.8)	(427.0)
Property, plant and equipment-net	286.1	288.9
Land
Property, Plant and Equipment
Total cost	23.8	24.1
Building and Improvements
Property, Plant and Equipment
Total cost	195.9	195.3
Machinery, Equipment and Tooling
Property, Plant and Equipment
Total cost	266.2	269.4
Furniture and Fixtures
Property, Plant and Equipment
Total cost	16.7	16.4
Computer Hardware and Software
Property, Plant and Equipment
Total cost	116.6	117.1
Rental Cranes
Property, Plant and Equipment
Total cost	86.8	84.0
Construction in Progress
Property, Plant and Equipment
Total cost	$ 6.9	$ 9.6

Property, Plant and Equipment - Narrative (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Other Current Assets
Property, Plant and Equipment
Net book value of assets held for sale	$ 8.7	$ 12.9

Goodwill and Other Intangible Assets - Changes in goodwill by reportable segment (Details) - USD ($)	3 Months Ended	10 Months Ended	12 Months Ended
	Mar. 31, 2019	Oct. 31, 2018	Dec. 31, 2018
Goodwill
Balance at the beginning of the period	$ 232,800,000
Balance at the end of the period	233,300,000		$ 232,800,000
Goodwill impairment	0
Americas
Goodwill
Balance at the beginning of the period	166,500,000	$ 166,500,000	166,500,000
Balance at the end of the period	166,500,000		166,500,000
Europe and Africa ("EURAF")
Goodwill
Balance at the beginning of the period		85,900,000	85,900,000
Foreign currency impact			(3,700,000)
Goodwill impairment		(82,200,000)
Middle East and Asia Pacific ("MEAP")
Goodwill
Balance at the beginning of the period	66,300,000	$ 68,900,000	68,900,000
Foreign currency impact	500,000		(2,600,000)
Balance at the end of the period	$ 66,800,000		$ 66,300,000

Goodwill and Other Intangible Assets - Narrative (Details) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill and intangible asset impairment	$ 0
Amortization of intangible assets	$ 100,000	$ 100,000

Goodwill and Other Intangible Assets - Gross carrying amount and accumulated amortization of the company's intangible assets other than goodwill (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Intangible asset balances by major asset class
Intangible assets, gross (excluding goodwill)	$ 164.3	$ 166.1
Finite-lived intangible assets, amortization amount	(47.6)	(48.0)
Intangible assets, book value	116.7	118.1
Customer Relationships
Intangible asset balances by major asset class
Finite-lived intangible assets, carrying amount	10.2	10.1
Finite-lived intangible assets, amortization amount	(8.5)	(8.4)
Finite-lived intangible assets, book value	1.7	1.7
Patents
Intangible asset balances by major asset class
Finite-lived intangible assets, carrying amount	29.5	29.8
Finite-lived intangible assets, amortization amount	(28.5)	(29.0)
Finite-lived intangible assets, book value	1.0	0.8
Engineering Drawings
Intangible asset balances by major asset class
Finite-lived intangible assets, carrying amount	10.4	10.5
Finite-lived intangible assets, amortization amount	(10.4)	(10.5)
Distribution Network
Intangible asset balances by major asset class
Finite-lived intangible assets, carrying amount	18.7	19.0
Finite-lived intangible assets, amortization amount	(0.1)	(0.1)
Finite-lived intangible assets, book value	18.6	18.9
Trademarks and Tradenames
Intangible asset balances by major asset class
Indefinite-lived intangible assets, book value	$ 95.5	$ 96.7

Accounts Payable and Accrued Expenses - Schedule of Accounts Payable and Accured Expenses (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Payables And Accruals [Abstract]
Trade accounts payable	$ 272.2	$ 249.2
Employee-related expenses	47.0	59.5
Accrued vacation	24.9	24.3
Miscellaneous accrued expenses	76.2	92.2
Total accounts payable and accrued expenses	$ 420.3	$ 425.2

Debt - Schedule of outstanding debt (Details) - USD ($)	Mar. 31, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Total debt	$ 347,900,000	$ 273,100,000
Deferred financing costs	(5,000,000)	(2,300,000)
Short-term borrowings and current portion of long-term debt	(5,900,000)	(6,400,000)
Long-term debt	342,000,000	266,700,000
ABL Revolving Credit Facility
Debt Instrument [Line Items]
Senior secured asset based revolving credit facility	33,000,000	0
Senior Notes Due 2021
Debt Instrument [Line Items]
Total debt		254,200,000
Deferred financing costs	(3,100,000)
Senior Notes Due 2026
Debt Instrument [Line Items]
Total debt	300,000,000
Other
Debt Instrument [Line Items]
Total debt	$ 19,900,000	$ 21,200,000

Debt - Narrative (Details) - USD ($)		3 Months Ended
Debt - Narrative (Details) - USD ($)	Mar. 25, 2019	Mar. 31, 2019	Dec. 31, 2018	Mar. 03, 2016
Debt Instrument [Line Items]
Debt instrument charge from refinancing		$ 25,000,000
Unamortized debt issuance costs		5,000,000	$ 2,300,000
Carrying amount		$ 347,900,000	273,100,000
Senior Notes Due 2026
Debt Instrument [Line Items]
Face amount of debt	$ 300,000,000
Debt instrument interest rate	9.00%
Debt instrument maturity date		Apr. 01, 2026
Interest on the notes		Interest on the 2026 Notes is payable in cash semi-annually in arrears on April 1 and October 1 of each year.
Carrying amount		$ 300,000,000
ABL Revolving Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity under revolving credit facility	$ 275,000,000			$ 225,000,000
Weighted average interest rate (as a percent)		3.60%
Line of credit outstanding		$ 33,000,000	0
Highest daily borrowing		33,000,000
Average borrowing		2,600,000
Excess capacity		221,300,000
Line of credit borrowing capacity		$ 225,300,000
ABL Revolving Credit Facility \| LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)		1.25%
ABL Revolving Credit Facility \| Prime Rate
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)		0.00%
ABL Revolving Credit Facility \| Line of Credit
Debt Instrument [Line Items]
Debt term (in years)	5 years
ABL Revolving Credit Facility \| Letter of Credit
Debt Instrument [Line Items]
Maximum borrowing capacity under revolving credit facility	$ 75,000,000
Line of credit outstanding		$ 4,000,000
ABL Revolving Credit Facility \| Letter of Credit \| German Borrowers
Debt Instrument [Line Items]
Maximum borrowing capacity under revolving credit facility	$ 10,000,000
Senior Notes Due 2021
Debt Instrument [Line Items]
Debt instrument interest rate	12.75%
Maximum borrowing capacity under revolving credit facility	$ 260,000,000
Debt instrument call premium	16,600,000	16,600,000
Closing costs of debt	5,000,000
Accrued interest of debt	4,600,000
Debt instrument unamortized discount		5,300,000
Unamortized debt issuance costs		3,100,000
Carrying amount			254,200,000
AR Securitization Facility
Debt Instrument [Line Items]
Maximum borrowing capacity under revolving credit facility	$ 75,000,000
Other
Debt Instrument [Line Items]
Carrying amount		$ 19,900,000	$ 21,200,000
Weighted average interest rate (as a percent)		5.27%

Accounts Receivable Securitization and Other Factoring Arrangements - Narrative (Details) € in Millions	3 Months Ended
	Mar. 31, 2019 USD ($)	Mar. 31, 2019 EUR (€)	Mar. 31, 2018 USD ($)	Dec. 31, 2018 USD ($)
Accounts Receivable Securitization
Accounts receivable balance sold	$ 149,000,000	€ 35.2	$ 160,900,000
Proceeds from collection of receivables	182,800,000	€ 35.2	163,100,000
Sales of trade receivables	$ 0			$ 75,000,000
Average collection cycle for accounts receivable (in days) (less than)	60 days	60 days
Fair value of deferred purchase price notes	$ 0			$ 71,500,000
Non-cash investing activities related to increase in deferred purchase price	168,300,000		$ 125,500,000
Maximum availability under these programs \| €		€ 45.0
Maximum
Accounts Receivable Securitization
Capacity of securitization program	$ 75,000,000

Income Taxes - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
Income Taxes - Narrative (Details) - USD ($) $ in Millions	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Provision for income taxes	$ 3.3	$ 3.9
Federal income tax at statutory rate (as a percent)	21.00%
Unrecognized tax benefits	$ 12.9		$ 12.8

Earnings Per Share - Reconciliation of the average shares outstanding used to compute basic and diluted earnings per share (Details) - shares	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Earnings Per Share [Abstract]
Basic weighted average common shares outstanding (in shares)	35,642,832	35,367,340
Effect of dilutive securities (in shares)	0	0
Diluted weighted average common shares outstanding (in shares)	35,642,832	35,367,340

Earnings Per Share - Narrative (Details) - USD ($)	3 Months Ended
Earnings Per Share - Narrative (Details) - USD ($)	Mar. 31, 2019	Mar. 31, 2018
Earnings Per Share [Abstract]
Dividends	$ 0	$ 0

Stockholders' Equity - Narrative (Details) - USD ($) $ / shares in Units, $ in Millions	May 06, 2019	Mar. 31, 2019	Dec. 31, 2018
Class Of Stock [Line Items]
Common stock, shares authorized (in shares)		75,000,000	75,000,000
Par value of common stock (in dollars per share)		$ 0.01
Preferred stock, shares authorized (in shares)		3,500,000	3,500,000
Par value of preferred stock per share (in dollars per share)		$ 0.01	$ 0.01
Preferred stock, shares issued (in shares)		0
Subsequent Event
Class Of Stock [Line Items]
Stock repurchase program, authorized amount	$ 30.0
Common stock repurchased	0

Stockholders' Equity - Reconciliation of accumulated other comprehensive loss (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Increase (Decrease) in Equity [Roll Forward]
Beginning balance	$ 601.3
Total other comprehensive income (loss), net of tax	(1.9)	$ 12.1
Ending balance	575.8
Gains and Losses on Cash Flow Hedges
Increase (Decrease) in Equity [Roll Forward]
Beginning balance	(0.3)	0.1
Other comprehensive income (loss) before reclassifications	(0.7)
Amounts reclassified from accumulated other comprehensive loss	0.8
Total other comprehensive income (loss), net of tax	0.1
Ending balance	(0.2)	0.1
Pension & Postretirement
Increase (Decrease) in Equity [Roll Forward]
Beginning balance	(36.2)	(45.1)
Other comprehensive income (loss) before reclassifications	0.1	0.1
Amounts reclassified from accumulated other comprehensive loss	0.4	0.6
Total other comprehensive income (loss), net of tax	0.5	0.7
Ending balance	(35.7)	(44.4)
Foreign Currency Translation
Increase (Decrease) in Equity [Roll Forward]
Beginning balance	(80.1)	(52.4)
Other comprehensive income (loss) before reclassifications	(2.5)	11.4
Total other comprehensive income (loss), net of tax	(2.5)	11.4
Ending balance	(82.6)	(41.0)
Accumulated Other Comprehensive Loss
Increase (Decrease) in Equity [Roll Forward]
Beginning balance	(116.6)	(97.4)
Other comprehensive income (loss) before reclassifications	(3.1)	11.5
Amounts reclassified from accumulated other comprehensive loss	1.2	0.6
Total other comprehensive income (loss), net of tax	(1.9)	12.1
Ending balance	$ (118.5)	$ (85.3)

Stockholders' Equity - Reconciliation of Reclassifications Out of Accumulated Other Comprehensive Income (Loss), Net of Tax (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Schedule of Reclassifications out of Accumulated Comprehensive Income (Loss) [Line Items]
Cost of sales	$ (337.8)	$ (317.7)
Total before income taxes	(23.4)	(6.1)
Income tax benefit	(3.3)	(3.9)
Net loss	(26.7)	(10.0)
Other income (expense) - net	(3.3)	2.7
Reclassification out of Accumulated Other Comprehensive Income
Schedule of Reclassifications out of Accumulated Comprehensive Income (Loss) [Line Items]
Net loss	(1.2)	(0.6)
Losses on Cash Flow Hedges \| Reclassification out of Accumulated Other Comprehensive Income
Schedule of Reclassifications out of Accumulated Comprehensive Income (Loss) [Line Items]
Total before income taxes	(0.8)
Net loss	(0.8)
Losses on Cash Flow Hedges \| Reclassification out of Accumulated Other Comprehensive Income \| Foreign Currency Exchange Contracts
Schedule of Reclassifications out of Accumulated Comprehensive Income (Loss) [Line Items]
Cost of sales	(0.8)
Actuarial Losses \| Reclassification out of Accumulated Other Comprehensive Income
Schedule of Reclassifications out of Accumulated Comprehensive Income (Loss) [Line Items]
Other income (expense) - net	(1.1)	(1.4)
Amortization of Prior Service Cost \| Reclassification out of Accumulated Other Comprehensive Income
Schedule of Reclassifications out of Accumulated Comprehensive Income (Loss) [Line Items]
Other income (expense) - net	0.7	0.7
Pension & Postretirement \| Reclassification out of Accumulated Other Comprehensive Income
Schedule of Reclassifications out of Accumulated Comprehensive Income (Loss) [Line Items]
Total before income taxes	(0.4)	(0.7)
Income tax benefit		0.1
Net loss	$ (0.4)	$ (0.6)

Stock-Based Compensation - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Stock-Based Compensation
Stock-based compensation expense (in dollars)	$ 3.1	$ 2.4
Director
Stock-Based Compensation
Number of share options granted during the period (in shares)	50,673	22,936
Stock Options
Stock-Based Compensation
Number of share options granted during the period (in shares)	210,243	160,462
Restricted Stock Units (RSUs)
Stock-Based Compensation
Number of shares of other than options granted during the period (in shares)	176,371	31,220
Performance Shares
Stock-Based Compensation
Number of shares of other than options granted during the period (in shares)	228,037	76,531
Options Granted in 2019 \| Stock Options
Stock-Based Compensation
Vesting period (in years)	3 years
Expiration period (in years)	10 years
Options Granted in 2018 \| Stock Options
Stock-Based Compensation
Vesting period (in years)		3 years
Expiration period (in years)		10 years
2013 Omnibus Plan
Stock-Based Compensation
Share-based compensation, shares authorized (in shares)	7,477,395
Performance Shares 2019 \| Performance Shares
Stock-Based Compensation
Percentage of shares paid based on total shareholder return relative to peer group (as a percent)	50.00%
Percentage of shares paid based on adjusted EBITDA (as a percent)	50.00%
Performance period (in years)	3 years
Performance Shares 2018 \| Performance Shares
Stock-Based Compensation
Percentage of shares paid based on total shareholder return relative to peer group (as a percent)		50.00%
Percentage of shares paid based on adjusted EBITDA (as a percent)		50.00%
Performance period (in years)		3 years

Segments - Narrative (Details)	3 Months Ended
Segments - Narrative (Details)	Mar. 31, 2019 segment
Segment Reporting [Abstract]
Number of reportable segments	3

Segments - Schedule of Information by Reportable Segment (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Segment Reporting Information [Line Items]
Net Sales	$ 418.0	$ 386.1	$ 1,800.0
Operating (loss) income	16.2	1.7
Depreciation	8.8	9.1
Capital Expenditures	4.4	6.4
Segment Operating Income
Segment Reporting Information [Line Items]
Operating (loss) income	25.9	14.0
Segment Operating Income \| Americas
Segment Reporting Information [Line Items]
Net Sales	206.1	162.9
Operating (loss) income	15.2	2.7
Depreciation	3.6	3.5
Capital Expenditures	2.8	2.3
Segment Operating Income \| Europe and Africa ("EURAF")
Segment Reporting Information [Line Items]
Net Sales	154.2	154.2
Operating (loss) income	3.4	3.4
Depreciation	3.7	3.8
Capital Expenditures	0.8	2.4
Segment Operating Income \| Middle East and Asia Pacific ("MEAP")
Segment Reporting Information [Line Items]
Net Sales	57.7	69.0
Operating (loss) income	7.3	7.9
Depreciation	0.7	1.0
Capital Expenditures	0.8	1.2
Corporate
Segment Reporting Information [Line Items]
Operating (loss) income	(9.3)	(9.6)
Depreciation	$ 0.8	0.8
Capital Expenditures		$ 0.5

Segments - Schedule of Reconciliation of the Company's Segment Operating Income (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Segment Reporting Reconciling Item For Operating Profit Loss From Segment To Consolidated [Line Items]
Total operating income	$ 16.2	$ 1.7
Restructuring expense	4.5	6.2
Segment Operating Income
Segment Reporting Reconciling Item For Operating Profit Loss From Segment To Consolidated [Line Items]
Total operating income	25.9	14.0
Corporate
Segment Reporting Reconciling Item For Operating Profit Loss From Segment To Consolidated [Line Items]
Total operating income	(9.3)	(9.6)
Reconciliation of Company’s Segment Operating Income
Segment Reporting Reconciling Item For Operating Profit Loss From Segment To Consolidated [Line Items]
Total operating income	16.2	1.7
Restructuring expense	(0.1)	(2.2)
Other operating expense - net	$ (0.3)	$ (0.5)

Segments - Schedule of Net Sales by Geographic Area (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Revenues from External Customers [Line Items]
Net sales	$ 418.0	$ 386.1	$ 1,800.0
United States
Revenues from External Customers [Line Items]
Net sales	184.7	144.3
Europe
Revenues from External Customers [Line Items]
Net sales	149.1	150.3
Other
Revenues from External Customers [Line Items]
Net sales	$ 84.2	$ 91.5

Segments - Schedule of Net Sales By Product (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Product Information [Line Items]
Total net sales	$ 418.0	$ 386.1	$ 1,800.0
Cranes
Product Information [Line Items]
Total net sales	333.5	307.5
Aftermarket Parts and Other
Product Information [Line Items]
Total net sales	$ 84.5	$ 78.6

Fair Value of Financial Instruments - Financial assets and liabilities accounted for at fair value on a recurring basis by level within the fair value hierarchy (Details) - Estimate of Fair Value Measurement - Fair Value, Measurements, Recurring - Foreign Currency Exchange Contracts - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Derivatives assets, current	$ 0.1	$ 0.1
Derivative liabilities, current	1.1	1.8
Level 2
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Derivatives assets, current	0.1	0.1
Derivative liabilities, current	$ 1.1	$ 1.8

Fair Value of Financial Instruments - Narrative (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Senior Notes Due 2026
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Debt instruments at fair value	$ 303.3
Senior Notes Due 2021
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Debt instruments at fair value		$ 278.1

Commitments and Contingencies - Narrative (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Commitments And Contingencies Disclosure [Abstract]
Product liability reserves	$ 16.8	$ 16.3

Guarantees - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
Guarantees - Narrative (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Guarantees [Abstract]
Deferred revenue included in accounts payable and accrued expense and non-current liabilities	$ 36.9	$ 34.4
Amount of residual value guarantees and buyback commitments given by the company	30.3	30.9
Warranty claims reserves	$ 37.2	$ 38.5
Standard product warranties, low end of range (in months)	12 months
Standard product warranties, high end of range (in months)	60 months

Guarantees - Summary of Warranty Activity (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Warranty activity
Balance at beginning of period	$ 38.5	$ 35.2
Accruals for warranties issued during the period	6.5	5.4
Settlements made (in cash or in kind) during the period	(7.5)	(5.8)
Currency translation	(0.3)	0.4
Balance at end of period	$ 37.2	$ 35.2

Employee Benefit Plans (Details) - USD ($) $ in Millions	3 Months Ended
Employee Benefit Plans (Details) - USD ($) $ in Millions	Mar. 31, 2019	Mar. 31, 2018
Pension Plans \| United States
Components of periodic benefit costs
Service cost - benefits earned during the period	$ 0.0	$ 0.0
Interest cost of projected benefit obligations	1.3	1.3
Expected return on plan assets	(1.1)	(1.5)
Amortization of prior service cost	0.0	0.0
Amortization of actuarial net loss	0.8	0.8
Net periodic benefit costs	1.0	0.6
Pension Plans \| Non-U.S. Pension Plans
Components of periodic benefit costs
Service cost - benefits earned during the period	0.5	0.5
Interest cost of projected benefit obligations	0.5	0.5
Expected return on plan assets	(0.3)	(0.4)
Amortization of prior service cost	0.0	0.0
Amortization of actuarial net loss	0.3	0.4
Net periodic benefit costs	1.0	1.0
Postretirement Health and Other Plans
Components of periodic benefit costs
Service cost - benefits earned during the period	0.1	0.1
Interest cost of projected benefit obligations	0.2	0.2
Expected return on plan assets	0.0	0.0
Amortization of prior service cost	(0.7)	(0.7)
Amortization of actuarial net loss	0.0	0.2
Net periodic benefit costs	$ (0.4)	$ (0.2)

Restructuring - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
Restructuring - Narrative (Details) - USD ($) $ in Millions	Mar. 31, 2019	Mar. 31, 2018
Restructuring Cost and Reserve [Line Items]
Restructuring expense	$ 4.5	$ 6.2
Tansfer of Manufacturing to Shady Grove, PA
Restructuring Cost and Reserve [Line Items]
Restructuring expense		$ 6.2
Employee Severance
Restructuring Cost and Reserve [Line Items]
Restructuring expense	$ 4.5

Restructuring - Rollforward of all restructuring accrual (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Rollforward of all restructuring accrual
Balance at beginning of period	$ 3.3	$ 5.6
Restructuring expense	4.5	6.2
Use of reserve	(3.0)	(6.0)
Reserve reclassification	(0.2)	(0.3)
Currency translation		(0.1)
Balance at end of period	$ 4.6	$ 5.4

Leases - Narrative (Details)	3 Months Ended
Leases - Narrative (Details)	Mar. 31, 2019
Leases [Line Items]
Lease, practical expedients, package	true
Operating leases, existence of option to extend	true
Operating leases, existence of option to terminate	true
Operating leases, termination term	1 year
Operating leases, weighted-average remaining lease term	6 years 9 months 18 days
Operating leases, weighted-average discount rate	5.10%
Maximum
Leases [Line Items]
Operating leases, remaining lease term	24 years
Operating leases, renewal lease term	10 years

Leases - Summary of Components of Lease Expense (Details) $ in Millions	3 Months Ended
	Mar. 31, 2019 USD ($)
Leases [Abstract]
Operating lease cost	$ 3.9
Variable lease cost	0.4
Total lease cost	$ 4.3

Leases - Summary of Supplemental Cash Flow Information Related to Leases (Details) $ in Millions	3 Months Ended
	Mar. 31, 2019 USD ($)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$ 7.2

Leases - Summary of Supplemental Balance Sheet Information Related to Leases (Details) $ in Millions	Mar. 31, 2019 USD ($)
Leases [Abstract]
Operating lease right-of-use assets	$ 49.1
Other liabilities	$ 11.7
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	us-gaap:OtherLiabilitiesCurrent
Operating lease liabilities	$ 38.3
Total operating lease liabilities	$ 50.0

Leases - Summary of Maturities of Operating Lease Liabilities (Details) $ in Millions	Mar. 31, 2019 USD ($)
Leases [Abstract]
2019	$ 10.1
2020	11.2
2021	9.5
2022	7.1
2023	4.3
Thereafter	15.8
Total lease payments	58.0
Less: imputed interest	(8.0)
Present value of lease liabilities	$ 50.0