The Manitowoc Company, Inc. (MTW) 10-Q 6 Nov 18 2018 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information	9 Months Ended
	Sep. 30, 2018shares
Document And Entity Information [Abstract]
Entity Registrant Name	MANITOWOC CO INC
Entity Central Index Key	61,986
Trading Symbol	MTW
Document Type	10-Q
Document Period End Date	Sep. 30, 2018
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	35,585,949
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q3

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Operations
Net sales	$ 450.1	$ 399.4	$ 1,331.5	$ 1,099.8
Cost of sales	370.1	326.9	1,092.6	899.1
Gross profit	80	72.5	238.9	200.7
Operating costs and expenses:
Engineering, selling and administrative expenses	62.1	59	184.6	178.8
Asset impairment expense			0.4
Amortization of intangible assets			0.2	0.7
Restructuring expense	1	3.7	11	21.3
Total operating costs and expenses	63.1	62.7	196.2	200.8
Operating income (loss)	16.9	9.8	42.7	(0.1)
Other income (expense):
Interest expense	(9.9)	(9.6)	(29.3)	(29.4)
Amortization of deferred financing fees	(0.5)	(0.5)	(1.4)	(1.4)
Other income (expense) - net	(5.7)	(3.1)	(8.6)	(4)
Total other expense	(16.1)	(13.2)	(39.3)	(34.8)
Income (loss) from continuing operations before taxes	0.8	(3.4)	3.4	(34.9)
Benefit for taxes on income	(10.7)	(13.1)	(8)	(9.3)
Income (loss) from continuing operations	11.5	9.7	11.4	(25.6)
Discontinued operations:
Loss from discontinued operations, net of income taxes of $0.0, $0.0, $0.0 and $0.0, respectively		(0.1)	(0.2)	(0.3)
Net income (loss)	$ 11.5	$ 9.6	$ 11.2	$ (25.9)
Basic income (loss) per common share:
Income (loss) from continuing operations	$ 0.32	$ 0.27	$ 0.33	$ (0.74)
Loss from discontinued operations, net of income taxes			(0.01)
Basic income (loss) per common share	0.32	0.27	0.32	(0.74)
Diluted income (loss) per common share:
Income (loss) from continuing operations	0.32	0.27	0.32	(0.74)
Loss from discontinued operations, net of income taxes			(0.01)
Diluted income (loss) per common share	$ 0.32	$ 0.27	$ 0.31	$ (0.74)
Weighted average shares outstanding - basic	35,564,946	35,132,857	35,488,271	35,087,982
Weighted average shares outstanding - diluted	35,928,327	35,834,295	35,935,093	35,087,982

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Operations (Parenthetical) (Unaudited) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Income Statement [Abstract]
Benefit for taxes on earnings	$ 0	$ 0	$ 0	$ 0

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Statement Of Income And Comprehensive Income [Abstract]
Net income (loss)	$ 11.5	$ 9.6	$ 11.2	$ (25.9)
Other comprehensive income (loss), net of tax
Unrealized income (expense) on derivatives, net of income tax provision of $0.0, $0.0, $0.0 and $0.0, respectively	1.3		(2)	0.6
Employee pension and postretirement benefits, net of income tax provision of $0.8, $3.3, $0.8 and $4.1, respectively	4.2	5.7	5.6	6.8
Foreign currency translation adjustments	(7.1)	14.2	(22.5)	47.4
Total other comprehensive income (loss), net of tax	(1.6)	19.9	(18.9)	54.8
Comprehensive income (loss)	$ 9.9	$ 29.5	$ (7.7)	$ 28.9

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Comprehensive Income (Loss) (Parenthetical) (Unaudited) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Statement Of Income And Comprehensive Income [Abstract]
Unrealized income (expense) on derivatives, net of income taxes	$ 0	$ 0	$ 0	$ 0
Employee pension and post retirement benefits, net of income taxes of	$ 0.8	$ 3.3	$ 0.8	$ 4.1

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Sep. 30, 2018	Dec. 31, 2017
Current Assets:
Cash, cash equivalents and restricted cash	$ 90.6	$ 123
Accounts receivable, less allowances of $10.7 and $10.9, respectively	157.3	179.2
Inventories — net	493.1	400.6
Notes receivable — net	20	31.1
Other current assets	55.6	56.5
Total current assets	816.6	790.4
Property, plant and equipment — net	283.9	303.7
Goodwill	316.4	321.3
Other intangible assets — net	118.9	122.1
Other long-term assets	54.7	70.3
Total assets	1,590.5	1,607.8
Current Liabilities:
Accounts payable and accrued expenses	391.3	375.8
Short-term borrowings and current portion of long-term debt	6.9	8.2
Product warranties	36.4	35.5
Customer advances	11.8	12.7
Product liabilities	20.1	20.8
Total current liabilities	466.5	453
Non-Current Liabilities:
Long-term debt	264.5	266.7
Deferred income taxes	9.5	13
Pension obligations	82.1	88.9
Postretirement health and other benefit obligations	24.5	25.5
Long-term deferred revenue	19.3	20.8
Other non-current liabilities	45.8	62.4
Total non-current liabilities	445.7	477.3
Commitments and contingencies (Note 15)
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, 35,585,949 and 35,273,864 shares outstanding, respectively)	1.4	1.4
Additional paid-in capital	582.2	576.6
Accumulated other comprehensive loss	(116.3)	(97.4)
Retained earnings	267.9	256.7
Treasury stock, at cost (5,208,034 and 5,520,119 shares, respectively)	(56.9)	(59.8)
Total stockholders' equity	678.3	677.5
Total liabilities and stockholders' equity	$ 1,590.5	$ 1,607.8

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Millions	Sep. 30, 2018	Dec. 31, 2017
Statement Of Financial Position [Abstract]
Accounts Receivable, allowances (in dollars)	$ 10.7	$ 10.9
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)	35,585,949	35,273,864
Treasury stock (in shares)	5,208,034	5,520,119

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Cash Flows from Operations:
Net income (loss)	$ 11.2	$ (25.9)
Adjustments to reconcile net income (loss) to cash used for operating activities of continuing operations:
Asset impairment expense	0.4
Discontinued operations, net of income taxes	0.2	0.3
Depreciation	27.2	29.1
Amortization of intangible assets	0.2	0.7
Amortization of deferred financing fees	1.4	1.4
Deferred income taxes		(1.3)
Gain on sale of property, plant and equipment	(1.7)	(1)
Other	7.6	6.4
Changes in operating assets and liabilities, excluding effects of business divestitures:
Accounts receivable	(406.9)	(279.7)
Inventories	(106.3)	(37.4)
Notes receivable	18	15
Other assets	6.1	(8.5)
Accounts payable	44.8	36.4
Accrued expenses and other liabilities	(43.1)	(29.3)
Net cash used for operating activities of continuing operations	(440.9)	(293.8)
Net cash used for operating activities of discontinued operations	(0.2)	(0.3)
Net cash used for operating activities	(441.1)	(294.1)
Cash Flows from Investing:
Capital expenditures	(21.4)	(17)
Proceeds from sale of fixed assets	12.2	6.7
Cash receipts on sold accounts receivable	421.9	259.9
Other		0.3
Net cash provided by investing activities of continuing operations	412.7	249.9
Net cash provided by investing activities	412.7	249.9
Cash Flows from Financing:
Proceeds from revolving credit facility		10
Payments on long-term debt	(4.6)	(7.5)
Payments on notes financing - net		(3.6)
Exercises of stock options	2.5	3.7
Net cash provided by (used for) financing activities of continuing operations	(2.1)	2.6
Net cash provided by (used for) financing activities	(2.1)	2.6
Effect of exchange rate changes on cash	(1.9)	1
Net decrease in cash, cash equivalents, and restricted cash	(32.4)	(40.6)
Cash, cash equivalents and restricted cash at beginning of period, including cash of discontinued operations of $0.0 and $0.0	123	73.9
Cash, cash equivalents and restricted cash at end of period	$ 90.6	$ 33.3

Condensed Consolidated Statem_6

Condensed Consolidated Statements of Cash Flows (Parenthetical) - USD ($) $ in Millions	Dec. 31, 2017	Dec. 31, 2016
Statement Of Cash Flows [Abstract]
Cash of discontinued operations	$ 0	$ 0

Accounting Policies and Basis o

Accounting Policies and Basis of Presentation	9 Months Ended
	Sep. 30, 2018
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”) is a leading provider of engineered lifting equipment for the global construction industry, including lattice-boom cranes, tower cranes, mobile telescopic 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 13, “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 and nine months ended September 30, 2018 and 2017, the cash flows for the same nine-month periods and the financial position at September 30, 2018 and December 31, 2017, 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, 2017. 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. Effective after the market closed on November 17, 2017, the Company completed a 1-for-4 reverse stock split. The share amounts in this Quarterly Report on Form 10-Q have been adjusted to reflect that reverse stock split. Cash, cash equivalents and restricted cash on the Condensed Consolidated Balance Sheets includes zero and $3.8 million of restricted cash as of September 30, 2018 and December 31, 2017, respectively. Certain prior period amounts have been reclassified to conform to the current period presentation. All dollar amounts, except share and per share amounts, are in millions of dollars throughout the tables included in these notes, unless otherwise indicated. During the first quarter of 2018, the Company identified an adjustment to the Consolidated Balance Sheet as of December 31, 2017. The adjustment related to other current assets and property, plant and equipment – net, whereby the Company had overstated other current assets and understated property, plant and equipment – net by approximately $8.8 million. In evaluating whether the Company’s previously issued consolidated financial statements were materially misstated, the Company considered the guidance in Accounting Standard 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.

Revenues

Revenues	9 Months Ended
	Sep. 30, 2018
Revenue From Contract With Customer [Abstract]
Revenues	2. Revenues Adoption of ASC Topic 606, “Revenue from Contracts with Customers” On January 1, 2018, the Company adopted Accounting Standards Update (“ASU”) No. 2014-09 – “Revenue from Contracts with Customers” (Topic 606), using the modified retrospective method applied to those contracts which were not completed as of January 1, 2018. Results for reporting periods beginning after January 1, 2018 are presented under Topic 606, while prior period amounts are not adjusted and continue to be reported in accordance with the Company’s historic accounting under Topic 605. The majority of the Company’s sales revenue continues to be recognized when products are shipped from the Company’s manufacturing facilities. Additional information related to the Company’s “Performance Obligations” are listed below. As a result of the adoption of Topic 606, no cumulative catch up adjustment to retained earnings was recorded as of January 1, 2018. Significant Accounting Policy Revenue is recognized when obligations under the terms of a contract with the Company’s customer are satisfied; generally this occurs with the transfer of control of the Company’s cranes, or parts, or completion of performance of services. Revenue is measured as the amount of consideration the Company expects to receive in exchange for transferring goods or providing services. The Company recognizes revenue for extended warranties beyond the base warranties over the life of the contract. Taxes assessed by a governmental authority that are both imposed on and concurrent with a specific revenue-producing transaction, and are collected by the Company from a customer, are excluded from revenue. Shipping and handling costs associated with outbound freight after control over a product has transferred to a customer are categorized as a fulfillment cost and are included in cost of sales on the Condensed Consolidated Statement of Operations. Performance Obligations The following is a description of principle activities from which the Company generates revenue. Crane Revenue Crane revenue is primarily generated through the sale of new and used cranes. Contracts with customers are generally in the form of a purchase order. Based on the nature of the Company’s contracts, the Company does not have any significant financing terms. Contracts may have variable consideration in the form of early pay discounts or rebates. Revenue is earned under these contracts when control of the product is transferred to the customer. Control transfers to the customer generally upon delivery to the carrier or acceptance through an independent inspection company that acts as an agent of the customer. From time to time, the Company enters into agreements where the customer has the right to exercise a buyback option for the repurchase of a crane by the Company at an agreed upon price. The Company evaluates each agreement at the inception of the order to determine if the customer has a significant economic incentive to exercise that right. If it is determined that the customer has a significant economic incentive to exercise that right, the agreement is accounted for as a lease in accordance with Topic 840. 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 asset is transferred to the customer. Given the nature of the Company’s products, from time to time, the customer may request that the product be held until a delivery location is identified. Under these “bill and hold” arrangements, revenue is recognized when all of the following criteria are met: 1) the reason for the bill-and-hold arrangement is substantive, 2) the product is separately identified as belonging to the customer, 3) the product is ready for transfer to the customer, and 4) the Company does not have the ability to use the product or direct it to another customer. Aftermarket Part Sales Aftermarket part sales are generated through the sale of new and used parts to end customers and distributors. Aftermarket parts revenue is recognized when control of the product is transferred to the customer. Control transfers to the customer generally upon delivery to the carrier. Customers generally have a right of return which the Company estimates using historical information. The amount of estimated returns is deducted from revenue. Other Revenues The Company’s other revenues consist primarily of revenues from: • Repair and field service work; and • Training and technical publications. As it relates to the Company’s other revenues, the Company’s performance obligations generally relate to performing specific agreed upon services. Revenue is earned upon the completion of those services. Customer Advances The Company records deferred revenue when cash payments are received or due in advance of performance, including amounts which are refundable. The table below shows the change in the customer advances balance for the nine months ended September 30, 2018. Customer Advances Balance as of January 1, 2018 Cash Received in Advance of Satisfying Performance Obligation Revenue Recognized Customer Advances Balance as of September 30, 2018 Total $ 12.7 $ 71.7 $ 72.6 $ 11.8 Practical Expedients and Exemptions The Company expenses sale commissions when incurred because the amortization period would be one year or less. These costs are recorded within engineering, selling and administrative expenses in the Condensed Consolidated Statement of Operations. The Company does not disclose the value of unsatisfied performance obligations for (i) contracts with an original expected length of one year or less and (ii) contracts for which it recognizes revenue at the amount to which it has the right to invoice for services performed.

Inventories

Inventories	9 Months Ended
	Sep. 30, 2018
Inventory Disclosure [Abstract]
Inventories	3. Inventories The components of inventories as of September 30, 2018 and December 31, 2017 are summarized as follows: ($ in millions) September 30, 2018 December 31, 2017 Raw materials $ 159.5 $ 122.0 Work-in-process 131.8 98.8 Finished goods 253.9 227.7 Total inventories 545.2 448.5 Excess and obsolete inventory reserve (52.1 ) (47.9 ) Inventories — net $ 493.1 $ 400.6

Notes Receivable

Notes Receivable	9 Months Ended
	Sep. 30, 2018
Receivables [Abstract]
Notes Receivable	4. Notes Receivable Notes receivable balances as of September 30, 2018 and December 31, 2017, consisted primarily of amounts due to the Company's captive finance company in China and the remaining balance on the note from the 2014 sale of Manitowoc Dong Yue Heavy Machinery Co. Ltd. (“Manitowoc Dong Yue”). During the third quarter of 2018, the Company wrote down the note with Manitowoc Dong Yue to the anticipated collection amount based on current expectations. The entire balance of the Manitowoc Dong Yue note is included in long-term notes receivable in the Condensed Consolidated Balance Sheets as of September 30, 2018 and December 31, 2017. As of September 30, 2018, the Company had net current and long-term notes receivable in the amount of $20.0 million and $17.4 million, respectively. As of December 31, 2017, the Company had net current and long-term notes receivable in the amount of $31.1 million and $27.4 million, respectively. Long-term notes receivable are included within other long-term assets on the Condensed Consolidated Balance Sheet.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	9 Months Ended
	Sep. 30, 2018
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	5. Goodwill and Other Intangible Assets The changes in the carrying amount of goodwill for the year ended December 31, 2017 and the nine months ended September 30, 2018 are as follows: ($ in millions) Cranes Americas EURAF MEAP Balance as of January 1, 2017 $ 299.6 $ — $ — $ — Foreign currency impact 16.5 — — — Reallocation of goodwill at October 31, 2017 (316.1 ) 166.5 81.5 68.1 Foreign currency impact — — 4.4 0.8 Balance as of December 31, 2017 — 166.5 85.9 68.9 Foreign currency impact — — (2.7 ) (2.2 ) Balance as of September 30, 2018 $ — $ 166.5 $ 83.2 $ 66.7 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 the asset might be impaired. Factors which would necessitate an interim goodwill impairment assessment include a sustained decline in the Company’s stock price, prolonged negative industry or economic trends, and significant underperformance relative to historical or projected future operating results. The Company has been monitoring the decline in its equity market capitalization. Despite the decline, as of September 30, 2018, the equity market capitalization remains above the Company’s book value. However, a continued decline in the equity market capitalization could result in a goodwill impairment charge. As of September 30, 2018 there have been no impairment indicators since the fourth quarter of 2017; therefore, no interim 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 test, principally in determining the fair value of the reporting unit. While the Company believes the judgments and assumptions are reasonable, different assumptions could change the estimated fair value and, therefore, impairment charges could be required. Weakening industry or economic trends, disruptions to the Company's 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 September 30, 2018 and December 31, 2017 are as follows: September 30, 2018 December 31, 2017 ($ in millions) Gross Carrying Amount Accumulated Amortization Net Book Value Gross Carrying Amount Accumulated Amortization Net Book Value Trademarks and tradenames $ 97.1 $ — $ 97.1 $ 99.7 $ — $ 99.7 Customer relationships 9.9 (8.1 ) 1.8 10.7 (8.7 ) 2.0 Patents 30.1 (29.2 ) 0.9 30.6 (29.7 ) 0.9 Engineering drawings 10.6 (10.5 ) 0.1 10.8 (10.7 ) 0.1 Distribution network 19.1 (0.1 ) 19.0 19.5 (0.1 ) 19.4 Other intangibles 0.1 (0.1 ) — 0.1 (0.1 ) — Total $ 166.9 $ (48.0 ) $ 118.9 $ 171.4 $ (49.3 ) $ 122.1 There was an immaterial amount of amortization expense for the three months ended September 30, 2018 and 2017. Amortization expense for the nine months ended September 30, 2018 and 2017 was $0.2 million and $0.7 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 Ex

Accounts Payable and Accrued Expenses	9 Months Ended
	Sep. 30, 2018
Payables And Accruals [Abstract]
Accounts Payable and Accrued Expenses	6. Accounts Payable and Accrued Expenses Accounts payable and accrued expenses at September 30, 2018 and December 31, 2017 are summarized as follows: ($ in millions) September 30, 2018 December 31, 2017 Trade accounts payable $ 239.1 $ 204.9 Employee-related expenses 49.9 59.7 Accrued vacation 23.2 23.8 Miscellaneous accrued expenses 79.1 87.4 Total $ 391.3 $ 375.8

Debt

Debt	9 Months Ended
	Sep. 30, 2018
Debt Disclosure [Abstract]
Debt	7. Debt Outstanding debt at September 30, 2018 and December 31, 2017 is summarized as follows: ($ in millions) September 30, 2018 December 31, 2017 Revolving credit facility $ — $ — Senior secured second lien notes due 2021 253.6 251.9 Other 20.2 26.1 Deferred financing costs (2.4 ) (3.1 ) Total debt 271.4 274.9 Short-term borrowings and current portion of long-term debt (6.9 ) (8.2 ) Long-term debt $ 264.5 $ 266.7 The balance sheet values of the 12.750% Senior Secured Second Lien Notes due 2021 (the "2021 Notes") as of September 30, 2018 and December 31, 2017 are not equal to the face value of the 2021 Notes ($260.0 million) because of original issue discounts included in the applicable balance sheet values. As of September 30, 2018, the Company had outstanding $20.2 million of other indebtedness that has a weighted-average interest rate of approximately 5.29%. This debt includes balances on local credit lines and capital lease obligations. On March 3, 2016, the Company entered into a $225.0 million Asset Based Revolving Credit Facility (as amended, the “ABL Revolving Credit Facility”) with Wells Fargo Bank, N.A. as administrative agent, and JP Morgan Chase Bank, N.A. and Goldman Sachs Bank USA as joint lead arrangers. The ABL Revolving Credit Facility capacity calculation is defined in the related credit agreement and is dependent on the fair value of inventory and fixed assets of the loan parties, which secure the borrowings. The ABL Revolving Credit Facility has a term of 5 years and includes a $75.0 million letter of credit sublimit, $10.0 million of which can be applied to the German borrower. In April 2017, the ABL Revolving Credit Facility was amended to modify several definitions regarding eligible equipment and inventory as it relates to a key financing partner of the Company. The amendment has had, and is expected to continue to have, a minimal impact on the Company’s daily operations and borrowing limits. In December 2017, the Company notified the administrative agent of its intent to sell its corporate headquarters in Manitowoc, Wisconsin, and the ABL Revolving Credit Facility was amended to permit that transaction and related restructuring activities. The sale was finalized in the first quarter of 2018 and is reflected in the borrowing base of the ABL Revolving Credit Facility as of September 30, 2018. The Company had no borrowings on the ABL Revolving Credit Facility as of September 30, 2018 and December 31, 2017. During the quarter ended September 30, 2018, the highest daily borrowing was $24.7 million and the average borrowing was $5.1 million, while the average annual interest rate was 4.30%. The interest rate of the ABL Revolving Credit Facility fluctuates based on excess availability. As of September 30, 2018, the spreads for London Interbank Offered Rate and prime rate borrowings were 1.50% and 0.50%, respectively, with excess availability of approximately $121.9 million, which represents revolver borrowing capacity of $136.3 million less U.S. letters of credit outstanding of $14.4 million. On February 18, 2016, the Company entered into an indenture with Wells Fargo Bank, N.A., as trust and collateral agent, and sold $260.0 million aggregate principal amount of its 2021 Notes. Interest on the 2021 Notes is payable semi-annually in February and August of each year. The 2021 Notes were sold pursuant to exemptions from registration under the Securities Act of 1933. Both the ABL Revolving Credit Facility and 2021 Notes include customary covenants and events of default which include, without limitation, restrictions on indebtedness, capital expenditures, restricted payments, disposals, investments and acquisitions. Additionally, the ABL Revolving Credit Facility contains a fixed charge coverage springing financial covenant, which measures the ratio of (i) consolidated earnings before interest, taxes, depreciation, amortization and other adjustments as defined in the related credit agreement, to (ii) fixed charges, as defined in the credit agreement. The financial covenant is triggered only if the Company fails to maintain minimum levels of availability under the facility. If triggered, the Company must maintain a minimum fixed charge coverage ratio of 1.00 to 1. As of September 30, 2018, 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 2021 Notes.

Accounts Receivable Securitizat

Accounts Receivable Securitization	9 Months Ended
	Sep. 30, 2018
Transfers And Servicing [Abstract]
Accounts Receivable Securitization	8. Accounts Receivable Securitization The Company maintains a U.S. accounts receivable securitization program with a commitment size of $75.0 million, whereby transactions under the program are accounted for as sales in accordance with ASC Topic 860, “Transfers and Servicing.” On March 3, 2016, the Company replaced the Fifth Amended and Restated Receivables Purchase Agreement dated December 15, 2014 and entered into 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. Under the RPA (and the related Purchase and Sale Agreements referenced in the RPA), the Company’s domestic trade accounts receivable are sold to MTW Funding which, in turn, sells, conveys, transfers and assigns to a third-party financial institution (“Purchaser”), all of MTW Funding's rights, title and interest in a pool of receivables to the Purchaser. The Purchaser receives ownership of the pool of receivables in each instance. New receivables are purchased by MTW Funding and sold to the Purchaser as cash collections reduce previously sold investments discharged through normal cash collection processes. The Company acts as the servicer (in such capacity, the “Servicer”) of the receivables and, as such, administers, collects and otherwise enforces the receivables. The Servicer is compensated for doing so on terms that are generally consistent with what would be charged by an unrelated servicer. The Servicer initially receives payments made by obligors on the receivables but is required to remit those payments to the Purchaser in accordance with the RPA. Trade accounts receivable sold to the Purchaser and being serviced by the Company totaled $219.2 million and $603.5 million for the three and nine months ended September 30, 2018, respectively. Trade receivables sold to the Purchaser and being serviced by the Company totaled $211.3 million and $547.5 million for the three and nine months ended September 30, 2017, respectively. Cash proceeds received from customers related to the receivables previously sold for the three and nine months ended September 30, 2018 were $245.7 million and $600.5 million, respectively. Cash proceeds received from customers related to the receivables previously sold for the three and nine months ended September 30, 2017 were $179.7 million and $429.6 million, respectively. Sales of trade receivables under the program reflected as a reduction of accounts receivable in the accompanying Condensed Consolidated Balance Sheets were $51.4 million and $31.8 million as of September 30, 2018 and December 31, 2017, 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 deems 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 September 30, 2018 and December 31, 2017 was $45.4 million and $60.6 million, respectively, and is included in accounts receivable in the accompanying Condensed Consolidated Balance Sheets. For the nine months ended September 30, 2018 and 2017 non-cash investing activities related to the increase in the deferred purchase price was $404.7 million and $363.2 million, respectively. The securitization program contains customary affirmative and negative covenants. Among other restrictions, these covenants require the Company to meet specified financial tests, which include a minimum fixed charge coverage ratio which is the same as the covenant ratio required per the ABL Revolving Credit Facility. As of September 30, 2018, the Company was in compliance with all affirmative and negative covenants pertaining to the RPA, as amended.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2018
Income Tax Disclosure [Abstract]
Income Taxes	9. Income Taxes For the three months ended September 30, 2018 and 2017, the Company recorded income tax benefit of $10.7 million and $13.1 million, respectively. For the nine months ended September 30, 2018 and 2017, the Company recorded income tax benefit of $8.0 million and $9.3 million, respectively. During the three months ended September 30, 2018, a discrete tax benefit of $13.2 million was recorded, with the primary driver being a partial release of the valuation allowance against U.K. tax attributes. During the three months ended September 30, 2017, a discrete tax benefit of $13.7 million was recorded, with the primary driver being a resolution on a matter involving the Internal Revenue Service related to tax years 2012 through 2014. The decrease in the Company’s tax benefit for the nine months ended September 30, 2018 relative to the prior year relates to a decrease in the discrete tax benefit recorded year over year, and additional tax expense in foreign jurisdictions. In addition to the above, the Company’s effective tax rate varies from the U.S. federal statutory rate The Company continues to evaluate the impact of the Tax Cuts and Jobs Act (the "Tax Act") enacted in December 2017. The Act reduced the U.S. federal corporate tax rate from 35 percent to 21 percent, required companies to pay a one-time transition tax on earnings of certain foreign subsidiaries that were previously tax deferred and added other provisions including creating new taxes on certain foreign sourced earnings. The Company continues to evaluate the impact of these new provisions under The Act including Transition Tax, Global Intangible Low Taxed Income (GILTI), Foreign Derived Intangible Income (FDII), Base Erosion and Anti-Abuse Tax (BEAT), and Internal Revenue Code Section 163(j) interest limitation (Interest Limitation) which are complex and subject to continuing regulatory interpretation by the Internal Revenue Service. The Company was able to make a reasonable estimate of the applicable provisions of the Tax Act; however, because the Company remains in a domestic net operating loss carryforward position and has a valuation allowance on its deferred tax assets, the Company does not expect an impact to the Condensed Consolidated Statement of Operations. As of September 30, 2018, the Company has not changed the provisional estimates recognized in 2017. Adjustments related to the amount of these provisions recorded in its consolidated financial statements may be required based on the outcome of these elections and further interpretation by the Internal Revenue Service. 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 a reasonable possibility 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 $15.3 million as of September 30, 2018 and $19.5 million as of December 31, 2017. The Company regularly assesses the likelihood of an adverse outcome resulting from examinations to determine the adequacy of its tax reserves. As of September 30, 2018, 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

Earnings Per Share	9 Months Ended
	Sep. 30, 2018
Earnings Per Share [Abstract]
Earnings Per Share	10. Earnings Per Share Basic earnings (loss) per share is computed as net earnings (loss) divided by the basic weighted average common shares outstanding of 35.6 million and 35.5 million shares for the three and nine months ended September 30, 2018, respectively, and 35.1 million shares for the three and nine months ended September 30, 2017. The calculation of diluted earnings (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. Anti-dilutive equity instruments of 448,595 and 64,483 common shares were excluded from the computation of diluted net earnings per share for the three months ended September 30, 2018 and 2017. Anti-dilutive equity instruments of 389,567 common shares were excluded from the computation of diluted net earnings per share for the nine months ended September 30, 2018. Due to the net loss incurred during the nine months ended September 30, 2017, the assumed exercise of all equity incentive instruments was anti-dilutive and, therefore, not included in the diluted loss per share calculation. The following is a reconciliation of the average shares outstanding used to compute basic and diluted earnings per share: Three Months Ended September 30, Nine Months Ended September 30, 2018 2017 2018 2017 Basic weighted average common shares outstanding 35,564,946 35,132,857 35,488,271 35,087,982 Effect of dilutive securities 363,381 701,438 446,822 — Diluted weighted average common shares outstanding 35,928,327 35,834,295 35,935,093 35,087,982 No cash dividends were paid during any of the three and nine months ended September 30, 2018 and 2017.

Stockholders' Equity

Stockholders' Equity	9 Months Ended
	Sep. 30, 2018
Equity [Abstract]
Stockholders' Equity	11. Stockholders’ Equity The following is a roll forward of retained earnings for the nine months ended September 30, 2018: ($ in millions) Retained Balance at December 31, 2017 $ 256.7 Net income 11.2 Balance at September 30, 2018 $ 267.9 Authorized capital consists of 75 million shares of $0.01 par value common stock and 3.5 million shares of $0.01 par value preferred stock. None of the preferred shares have been issued. Currently, the Company has authorization to purchase up to 0.6 million shares of common stock at management’s discretion; however, the Company has certain restrictions from repurchasing shares of its capital stock or other equity interests under various covenants of its debt agreements. Further, the Company has not purchased any shares of its common stock under this authorization since 2006. A reconciliation for the changes in accumulated other comprehensive loss, net of tax, by component for the nine months ended September 30, 2018 and 2017 is as follows: ($ in millions) 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 ) Other comprehensive loss before reclassifications (3.6 ) (0.1 ) (26.8 ) (30.5 ) Amounts reclassified from accumulated other comprehensive loss 0.3 0.8 — 1.1 Net other comprehensive income (loss) (3.3 ) 0.7 (26.8 ) (29.4 ) Balance at June 30, 2018 (3.2 ) (43.7 ) (67.8 ) (114.7 ) Other comprehensive income before reclassifications (1.2 ) (0.2 ) (7.1 ) (8.5 ) Amounts reclassified from accumulated other comprehensive loss 2.5 4.4 — 6.9 Net other comprehensive income 1.3 4.2 (7.1 ) (1.6 ) Balance at September 30, 2018 $ (1.9 ) $ (39.5 ) $ (74.9 ) $ (116.3 ) ($ in millions) Gains and Losses on Cash Flow Hedges Pension & Postretirement Foreign Currency Translation Total Balance at December 31, 2016 $ (0.3 ) $ (51.8 ) $ (110.8 ) $ (162.9 ) Other comprehensive income before reclassifications 0.3 — 10.1 10.4 Amounts reclassified from accumulated other comprehensive loss 0.2 0.6 — 0.8 Net other comprehensive income 0.5 0.6 10.1 11.2 Balance at March 31, 2017 0.2 (51.2 ) (100.7 ) (151.7 ) Other comprehensive income before reclassifications — — 23.1 23.1 Amounts reclassified from accumulated other comprehensive loss 0.1 0.5 — 0.6 Net other comprehensive income 0.1 0.5 23.1 23.7 Balance at June 30, 2017 0.3 (50.7 ) (77.6 ) (128.0 ) Other comprehensive income before reclassifications — 8.0 14.2 22.2 Amounts reclassified from accumulated other comprehensive loss — (2.3 ) — (2.3 ) Net other comprehensive income — 5.7 14.2 19.9 Balance at September 30, 2017 $ 0.3 $ (45.0 ) $ (63.4 ) $ (108.1 ) The following is a reconciliation of the reclassifications out of accumulated other comprehensive income (loss), net of tax, for the three and nine months ended September 30, 2018: Three Months Ended September 30, 2018 Nine Months Ended September 30, 2018 ($ in millions) Amount Reclassified from Accumulated Other Comprehensive Income (Loss) Amount Reclassified from Accumulated Other Comprehensive Income (Loss) Recognized Location Gains and losses on cash flow hedges Foreign currency contracts $ (2.5 ) $ (2.8 ) Cost of sales (2.5 ) (2.8 ) Total before tax — — Tax expense $ (2.5 ) $ (2.8 ) Net of tax Amortization of pension and postretirement items Actuarial losses $ (1.4 ) $ (4.2 ) (a) Other income (expense) - net Prior service cost 0.7 2.1 (a) Other income (expense) - net Pension settlement charge (4.5 ) (4.5 ) (a) Other income (expense) - net (5.2 ) (6.6 ) Total before tax 0.8 0.8 Tax benefit $ (4.4 ) $ (5.8 ) Net of tax Total reclassifications for the period $ (6.9 ) $ (8.6 ) Net of tax (a) These accumulated other comprehensive income (loss) components are components of net periodic pension cost (see Note 17, “Employee Benefit Plans,” for further details). The following is a reconciliation of the reclassifications out of accumulated other comprehensive income (loss), net of tax, for the three and nine months ended September 30, 2017: Three Months Ended September 30, 2017 Nine Months Ended September 30, 2017 ($ in millions) Amount Reclassified from Accumulated Other Comprehensive Income (Loss) Amount Reclassified from Accumulated Other Comprehensive Income (Loss) Recognized Location Gains and losses on cash flow hedges Foreign exchange contracts $ — $ (0.3 ) Cost of sales — (0.3 ) Total before tax — — Tax expense $ — $ (0.3 ) Net of tax Amortization of pension and postretirement items Actuarial losses $ (1.3 ) $ (3.9 ) (a) Other income (expense) - net Prior service cost $ 0.3 $ 1.0 (a) Other income (expense) - net (1.0 ) (2.9 ) Total before tax 3.3 4.1 Tax benefit $ 2.3 $ 1.2 Net of Tax Total reclassifications for the period $ 2.3 $ 0.9 Net of Tax (a) These accumulated other comprehensive income (loss) components are components of net periodic pension cost (see Note 17, “Employee Benefit Plans,” for further details).

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
	Sep. 30, 2018
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Stock-Based Compensation	12. 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, restricted stock units (“RSUs”) and performance shares or performance unit awards. Following amendments to the 2013 Plan to reflect the effect of the spin-off of the Company’s former foodservice business and the November 17, 2017 1-for-4 reverse stock split, 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 $1.9 million and $1.5 million for the three months ended September 30, 2018 and 2017, respectively. Stock-based compensation expense was $6.0 million and $4.7 million for the nine months ended September 30, 2018 and 2017, respectively. The Company recognizes stock-based compensation expense over the awards' vesting period. No options to acquire shares of common stock were granted to employees during the three months ended September 30, 2018 and 2017. Options to acquire 187,484 and 273,800 shares of common stock were granted to employees during the nine months ended September 30, 2018 and 2017, respectively. The options granted in 2018 and 2017 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. During the three months ended September 30, 2018 and 2017, 15,425 and 2,500 RSUs, respectively, were issued by the Company to employees and directors. A total of 96,291 and 138,266 RSUs were issued by the Company to employees and directors during the nine months ended September 30, 2018 and 2017, respectively. The RSUs granted to employees generally vest on the third anniversary of the grant date, depending on the grant. The RSUs granted in 2018 to directors immediately vested. The RSUs granted in 2017 to directors vest on the second anniversary of the grant date. No performance shares were issued during the three months ended September 30, 2018 and 2017. A total of 93,298 and 115,047 performance shares were issued during the nine months ended September 30, 2018 and 2017, 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 2018 and 2017 are based on 50% on total shareholder return relative to peers during the three-year performance period and 50% on Adjusted EBITDA percentage from continuing operations in 2020 and 2019, respectively. Depending on the foregoing factors, the number of shares earned could range from zero to 185,184 and zero to 196,316 for the 2018 and 2017 performance share grants, respectively.

Segments

Segments	9 Months Ended
	Sep. 30, 2018
Segment Reporting [Abstract]
Segments	13. 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. 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 and nine months ended September 30, 2018 and 2017: Three Months Ended September 30, 2018 Three Months Ended September 30, 2017 Nine Months Ended September 30, 2018 Nine Months Ended September 30, 2017 Net Sales Americas $ 224.1 $ 207.2 $ 614.3 $ 488.1 EURAF 152.9 138.8 498.3 429.4 MEAP 73.1 53.4 218.9 182.3 Total $ 450.1 $ 399.4 $ 1,331.5 $ 1,099.8 Segment Operating Income (Loss) Americas $ 17.8 $ 11.1 $ 35.2 $ (3.3 ) EURAF 1.6 1.0 13.1 2.3 MEAP 6.2 6.6 24.8 26.2 Total $ 25.6 $ 18.7 $ 73.1 $ 25.2 Depreciation Americas $ 3.5 $ 3.5 $ 10.6 $ 11.7 EURAF 3.8 3.7 11.4 11.2 MEAP 0.9 1.0 2.9 2.8 Corporate 0.8 1.0 2.3 3.4 Total $ 9.0 $ 9.2 $ 27.2 $ 29.1 Capital Expenditures Americas $ 2.4 $ 1.8 $ 7.3 $ 9.3 EURAF 2.1 2.2 9.1 6.2 MEAP 0.9 1.1 2.6 1.3 Corporate 0.8 — 2.4 0.2 Total $ 6.2 $ 5.1 $ 21.4 $ 17.0 A reconciliation of the Company’s segment operating income (loss) to the Condensed Consolidated Statement of Operations for the three and nine months ended September 30, 2018 and 2017 was as follows: Three Months Ended September 30, 2018 Three Months Ended September 30, 2017 Nine Months Ended September 30, 2018 Nine Months Ended September 30, 2017 Segment operating income $ 25.6 $ 18.7 $ 73.1 $ 25.2 Unallocated corporate expenses (8.3 ) (7.0 ) (26.5 ) (23.1 ) Restructuring expense (0.4 ) (1.9 ) (3.9 ) (2.2 ) Total operating income (loss) $ 16.9 $ 9.8 $ 42.7 $ (0.1 ) Net sales by geographic area for the three and nine months ended September 30, 2018 and 2017 are as follows: Three Months Ended September 30, 2018 Three Months Ended September 30, 2017 Nine Months Ended September 30, 2018 Nine Months Ended September 30, 2017 United States $ 208.5 $ 184.7 $ 556.3 $ 434.9 Other North America 11.5 14.3 32.0 29.4 Europe 147.6 130.5 486.6 407.7 Asia 31.4 19.8 79.0 77.9 Middle East 20.2 25.1 91.3 71.8 Central and South America 3.6 7.6 24.2 19.7 Africa 5.3 8.3 11.7 21.7 Caribbean 0.5 0.6 1.8 4.1 Australia 21.5 8.5 48.6 32.6 Total $ 450.1 $ 399.4 $ 1,331.5 $ 1,099.8 Three Months Ended September 30, 2018 Three Months Ended September 30, 2017 Nine Months Ended September 30, 2018 Nine Months Ended September 30, 2017 Cranes $ 362.3 $ 320.1 $ 1,079.0 $ 863.1 Aftermarket parts and other* 87.8 79.3 252.5 236.7 Total net sales $ 450.1 $ 399.4 $ 1,331.5 $ 1,099.8 *Other revenue consists of revenue related to miscellaneous CraneCare services such as trainings and field service work.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	9 Months Ended
	Sep. 30, 2018
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	14. Fair Value of Financial Instruments The following table sets forth the Company’s financial assets and liabilities that were accounted for at fair value as of September 30, 2018. As of December 31, 2017, there was an immaterial amount of financial assets and liabilities that were accounted for at 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. Fair Value as of September 30, 2018 ($ in millions) Level 1 Level 2 Level 3 Total Current Liabilities: Foreign currency exchange contracts $ — $ 1.8 $ — $ 1.8 Total current liabilities at fair value $ — $ 1.8 $ — $ 1.8 The fair value of the Company's 2021 Notes was approximately $285.1 million and $297.3 million as of September 30, 2018 and December 31, 2017, respectively. See Note 7, “Debt,” for a description of the debt instruments and their related carrying values. 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 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 2021 Notes based on quoted market prices; because these markets are typically thinly traded, the assets and/or liabilities are classified as Level 2 within the valuation hierarchy. The carrying values of cash and cash equivalents, accounts receivable, accounts payable, deferred purchase price notes on receivables sold (see Note 8, “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 September 30, 2018 and December 31, 2017, 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.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2018
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	15. Commitments and Contingencies Product liability reserves in the Condensed Consolidated Balance Sheets as of September 30, 2018 and December 31, 2017 were $20.1 million and $20.8 million, respectively, and 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. 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

Guarantees	9 Months Ended
	Sep. 30, 2018
Guarantees [Abstract]
Guarantees	16. 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 a significant economic incentive to exercise that right, the revenue is deferred and the agreement is accounted for as a lease in accordance with Topic 840. 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 other current and non-current liabilities as of September 30, 2018 and December 31, 2017 was $30.4 million and $29.7 million, respectively. The total amount of buyback commitments given by the Company and outstanding as of September 30, 2018 and December 31, 2017 was $25.8 million and $28.2 million, respectively. These amounts are not reduced for amounts the Company would recover from the repossession and subsequent resale of the units. The buyback commitments expire at various times through 2026. As of September 30, 2018 and December 31, 2017, the Company had reserved $35.6 million and $35.2 million, respectively, for warranty claims included in product warranties, as well as other non-current liabilities in the Condensed Consolidated Balance Sheets. In the normal course of business, the Company provides its customers a warranty covering workmanship, and in some cases materials, on products manufactured by the Company. Such warranty generally provides that products will be free from defects for periods ranging from 12 to 60 months. If a product fails to comply with the Company’s warranty, the Company may be obligated, at its expense, to correct any defect by repairing or replacing such defective products. The Company provides for an estimate of costs that may be incurred under its warranty at the time product revenue is recognized. These costs primarily include labor and materials, as necessary, associated with repair or replacement. The primary factors that affect the Company’s warranty liability include the number of units shipped and historical and anticipated warranty claims. As these factors are impacted by actual experience and future expectations, the Company assesses the adequacy of its recorded warranty liability and adjusts the amounts as necessary. Below is a table summarizing the warranty activity for the nine months ended September 30, 2018 and the year ended December 31, 2017: ($ in millions) Nine Months Ended September 30, 2018 Year Ended December 31, 2017 Balance at beginning of period $ 35.2 $ 28.6 Accruals for warranties issued during the period 20.0 34.6 Settlements made (in cash or in kind) during the period (19.1 ) (29.9 ) Currency translation (0.5 ) 1.9 Balance at end of period $ 35.6 $ 35.2

Employee Benefit Plans

Employee Benefit Plans	9 Months Ended
	Sep. 30, 2018
Compensation And Retirement Disclosure [Abstract]
Employee Benefit Plans	17. 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 a government agency in a certain country prohibits it from doing so. On September 20, 2018, the Manitowoc U.S. Pension Plan (“U.S. Pension Plans”) entered into a definitive agreement with an insurance company to purchase a group annuity contract to transfer $18.6 million of the Company’s outstanding pension benefit obligations related to certain U.S. retirees and beneficiaries. The transaction closed on September 27, 2018. As a result of the transaction, the insurance company will be required to pay and administer the retirement benefits owed to the 622 retirees and beneficiaries of the U.S. Pension Plan starting on December 1, 2018. There will be no change to their monthly benefit payment amounts. In connection with this transaction, the Company recognized a non-cash pension settlement charge of $4.5 million in other income (expense) primarily related to the accelerated recognition of actuarial losses included in accumulated other comprehensive loss for the U.S. Pension Plans. Effective July 1, 2017, The Manitowoc Company, Inc. Post-65 Retiree Health Plan (the “Plan”) was amended. Eligible retirees and their spouses were provided access to a Retiree Health Exchange where they may purchase Medicare Supplement Plans, including Medicare Advantage and Medigap plan prescription drug coverage. The enrollment and payment for this coverage is facilitated by an outside third-party, and these plans have no affiliation with the Company. To assist retirees with premium and out-of-pocket expenses they incur, the Company funds a Health Reimbursement Account (“HRA”) for each enrolled retiree. The value of the HRA is based on the plan type and premium cost for each specific retiree before the Plan was amended. The components of periodic benefit costs for the three and nine months ended September 30, 2018 and September 30, 2017 are as follows: Three Months Ended September 30, 2018 Nine Months Ended September 30, 2018 Postretirement Postretirement U.S. Non-U.S. Health and U.S. Non-U.S. Health and Pension Pension Other Pension Pension Other ($ in millions) Plans Plans Plans Plans Plans Plans Service cost - benefits earned during the period $ — $ 0.5 $ 0.1 $ — $ 1.5 $ 0.3 Interest cost of projected benefit obligations 1.3 0.5 0.2 3.9 1.5 0.6 Expected return on plan assets (1.5 ) (0.4 ) — (4.5 ) (1.2 ) — Amortization of prior service cost — — (0.7 ) — — (2.1 ) Amortization of actuarial net loss 0.8 0.4 0.2 2.4 1.2 0.6 Pension settlement charge 4.5 — — 4.5 — — Net periodic benefit costs $ 5.1 $ 1.0 $ (0.2 ) $ 6.3 $ 3.0 $ (0.6 ) Three Months Ended September 30, 2017 Nine Months Ended September 30, 2017 Postretirement Postretirement U.S. Non-U.S. Health and U.S. Non-U.S. Health and Pension Pension Other Pension Pension Other ($ in millions) Plans Plans Plans Plans Plans Plans Service cost - benefits earned during the period $ — $ 0.4 $ 0.1 $ — $ 1.3 $ 0.2 Interest cost of projected benefit obligations 1.3 0.6 0.2 4.0 1.6 0.7 Expected return on plan assets (1.2 ) (0.4 ) — (3.7 ) (1.1 ) — Amortization of prior service cost — — (0.3 ) — — (1.0 ) Amortization of actuarial net loss 0.8 0.4 0.1 2.4 1.2 0.3 Net periodic benefit costs 0.9 1.0 0.1 2.7 3.0 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

Restructuring	9 Months Ended
	Sep. 30, 2018
Restructuring And Related Activities [Abstract]
Restructuring	18. Restructuring During the three months ended September 30, 2018 and 2017, the Company incurred $1.0 million and $3.7 million of restructuring expense, respectively. During the nine months ended September 30, 2018 and 2017, the Company incurred $11.0 million and $21.3 million of restructuring expense, respectively. The costs for the three months ended September 30, 2018 related primarily to the Corporate office relocation from Manitowoc, WI to Milwaukee, WI, costs associated with training of skilled labor as a result of the transfer of crawler crane production to Shady Grove, PA and costs associated with headcount reductions in Europe. The costs for the nine months ended September 30, 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 crawler crane production to Shady Grove, PA and costs associated with headcount reductions in Europe. Costs for the three and nine months ended September 30, 2017, related primarily to the closure of manufacturing operations in Manitowoc, WI and Passo Fundo, Brazil and severance costs associated with headcount reductions in North America. The following is a roll-forward of the Company's restructuring activities for the nine months ended September 30, 2018: Restructuring Reserve Balance as of December 31, 2017 Restructuring Expenses Use of Reserve Reserve Reclassification Restructuring Reserve Balance as of September 30, 2018 Total $ 5.6 $ 11.0 $ 12.7 $ (0.5 ) $ 3.4

Recent Accounting Changes and P

Recent Accounting Changes and Pronouncements	9 Months Ended
	Sep. 30, 2018
Recent Accounting Changes And Pronouncements [Abstract]
Recent Accounting Changes and Pronouncements	19. Recent Accounting Changes and Pronouncements In June 2018, the Financial Accounting Standards Board (“FASB”) issued ASU No. 2018-07 “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 standard is effective for annual periods beginning after December 15, 2018, including interim periods therein. The adoption of the ASU will not have a material impact on the Company’s consolidated financial statements. 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 effective date is fiscal 2019, with early adoption permitted. The Company is evaluating the impact the adoption of this ASU will have on its consolidated financial statements. In May 2017, the FASB issued ASU No. 2017-09 “Compensation - Stock Compensation (Topic 718): Scope of Modification Accounting,” to provide clarity and reduce both diversity in practice and cost complexity when applying the guidance in Topic 718 to a change to the terms and conditions of a stock-based payment award. ASU 2017-09 also provides guidance about the types of changes to the terms or conditions of a share-based payment award that require an entity to apply modification accounting in accordance with Topic 718. The standard is effective for annual periods beginning after December 15, 2017, and for interim periods therein. The adoption of this ASU did not have a material impact on the Company's 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. This new guidance will be effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018 with early adoption permitted. Entities will be required to apply the new guidance using the modified retrospective method with a cumulative-effect adjustment to retained earnings upon the adoption date. The Company is evaluating the impact the adoption of this ASU will have on its consolidated financial statements. In March 2017, the FASB issued ASU No. 2017-07 “Compensation - Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost.” This ASU amends ASC 715, “Compensation – Retirement Benefits,” to require employers that present a measure of operating income in their statement of operations to include only the service cost component of net periodic pension cost and net periodic postretirement benefit cost in operating expenses (together with other employee compensation costs). The other components of net benefit cost, including amortization of prior service cost/credit and settlement and curtailment effects, are to be included in nonoperating expenses. This ASU also allows only the service cost component of net benefit cost to be capitalized (for example, as a cost of inventory). The amendments in this ASU should be applied retrospectively for the presentation of the service cost component and the other components of net periodic pension cost and net periodic postretirement benefit cost in the Condensed Consolidated Statement of Operations and prospectively, on and after the effective date, for the capitalization of the service cost component of net periodic pension cost and net periodic postretirement benefit in assets, and is effective for public companies for fiscal years beginning after December 15, 2017. As a result of the adoption of ASU No. 2017-07, the Company reclassified approximately $1.9 million and $5.8 million to other income (expense) – net from engineering, selling, and administrative expense on the Condensed Consolidated Statement of Operations for the three and nine months ended September 30, 2018, respectively, as the ASU was retrospectively adopted. The result was an increase in operating income with no impact to net earnings. In November 2016, the FASB issued ASU No. 2016-18 - “Statement of Cash Flows (Topic 230): Restricted Cash (a consensus of the FASB Emerging Issues Task Force).” The amendments of this ASU address the diversity of presentation of restricted cash by requiring a statement of cash flows to explain the change during the period in the total cash, cash equivalents and amounts generally described as restricted cash or restricted cash equivalents. ASU 2016-18 will be effective for fiscal years beginning after December 15, 2017. The adoption of ASU 2016-18 resulted in a change in certain disclosures within the Condensed Consolidated Statement of Cash Flows, including cash flows from investing activities and total cash, cash equivalents and restricted cash. In October 2016, the FASB issued ASU No. 2016-16 - “Income Taxes (Topic 740): Intra-Entity Transfer of Assets Other than Inventory,” which requires the recognition of the income tax consequences of an intra-entity transfer of an asset, other than inventory, when the transfer occurs. ASU 2016-16 will be effective for fiscal years beginning after December 15, 2017. The adoption of this ASU did not have a material impact on the Company's consolidated financial statements. In August 2016, the FASB issued ASU No. 2016-15 - “Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments.” This update addresses eight specific cash flow issues with the objective of reducing the existing diversity in practice and affects all entities required to present a statement of cash flows under Topic 230. This standard will be effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. As a result of the adoption of ASU No. 2016-15 the Company reclassified $259.9 million of operating cash flows to investing cash flows for the nine months ended September 30, 2017. In May 2014, the FASB issued ASU No. 2014-09 - “Revenue from Contracts with Customers” (Topic 606), which supersedes the revenue recognition requirements in ASC 605, Revenue Recognition. This was further clarified with technical corrections issued within ASU 2015-14, ASU 2016-08, ASU 2016-10, ASU 2016-11, ASU 2016-12, ASU 2016-20, and ASU 2017-05. The new revenue recognition guidance was issued to provide a single, comprehensive revenue recognition model for all contracts with customers. Under the new guidance, an entity will recognize revenue to depict the transfer of promised goods or services to customers at an amount that the entity expects to be entitled to in exchange for those goods or services. A five-step model has been introduced for an entity to apply when recognizing revenue. The new guidance also includes enhanced disclosure requirements and is effective January 1, 2018. Entities have the option to apply the new guidance under a retrospective approach to each prior reporting period presented, or a modified retrospective approach with the cumulative effect of initially applying the new guidance recognized at the date of initial application within the Consolidated Statement of Changes in Stockholder's Equity. The Company has adopted the new guidance effective January 1, 2018 utilizing the modified retrospective approach. Refer to Note 2, “Revenues” for further details. 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 will be effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The Company plans to adopt this guidance effective January 1, 2019 using the modified retrospective approach. The Company is evaluating the impact the adoption of this ASU will have on its consolidated financial statements. In January 2016, the FASB issued ASU 2016-01 - “Financial Instruments-Overall: Recognition and Measurement of Financial Assets and Financial Liabilities.” ASU 2016-01 amends various aspects of the recognition, measurement, presentation and disclosure for financial instruments. Most significantly, ASU 2016-01 requires equity investments (except those accounted for under the equity method of accounting or those that result in consolidation of an investee) to be measured at fair value with changes in fair value recognized in net income (loss). ASU 2016-01 is effective for annual reporting periods and interim periods within those years beginning after December 15, 2017. The adoption of this ASU did not have a material impact on the Company's consolidated financial statements.

Recent Accounting Changes and_2

Recent Accounting Changes and Pronouncements (Policies)	9 Months Ended
	Sep. 30, 2018
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 June 2018, the Financial Accounting Standards Board (“FASB”) issued ASU No. 2018-07 “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 standard is effective for annual periods beginning after December 15, 2018, including interim periods therein. The adoption of the ASU will not have a material impact on the Company’s consolidated financial statements. 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 effective date is fiscal 2019, with early adoption permitted. The Company is evaluating the impact the adoption of this ASU will have on its consolidated financial statements. In May 2017, the FASB issued ASU No. 2017-09 “Compensation - Stock Compensation (Topic 718): Scope of Modification Accounting,” to provide clarity and reduce both diversity in practice and cost complexity when applying the guidance in Topic 718 to a change to the terms and conditions of a stock-based payment award. ASU 2017-09 also provides guidance about the types of changes to the terms or conditions of a share-based payment award that require an entity to apply modification accounting in accordance with Topic 718. The standard is effective for annual periods beginning after December 15, 2017, and for interim periods therein. The adoption of this ASU did not have a material impact on the Company's 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. This new guidance will be effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018 with early adoption permitted. Entities will be required to apply the new guidance using the modified retrospective method with a cumulative-effect adjustment to retained earnings upon the adoption date. The Company is evaluating the impact the adoption of this ASU will have on its consolidated financial statements. In March 2017, the FASB issued ASU No. 2017-07 “Compensation - Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost.” This ASU amends ASC 715, “Compensation – Retirement Benefits,” to require employers that present a measure of operating income in their statement of operations to include only the service cost component of net periodic pension cost and net periodic postretirement benefit cost in operating expenses (together with other employee compensation costs). The other components of net benefit cost, including amortization of prior service cost/credit and settlement and curtailment effects, are to be included in nonoperating expenses. This ASU also allows only the service cost component of net benefit cost to be capitalized (for example, as a cost of inventory). The amendments in this ASU should be applied retrospectively for the presentation of the service cost component and the other components of net periodic pension cost and net periodic postretirement benefit cost in the Condensed Consolidated Statement of Operations and prospectively, on and after the effective date, for the capitalization of the service cost component of net periodic pension cost and net periodic postretirement benefit in assets, and is effective for public companies for fiscal years beginning after December 15, 2017. As a result of the adoption of ASU No. 2017-07, the Company reclassified approximately $1.9 million and $5.8 million to other income (expense) – net from engineering, selling, and administrative expense on the Condensed Consolidated Statement of Operations for the three and nine months ended September 30, 2018, respectively, as the ASU was retrospectively adopted. The result was an increase in operating income with no impact to net earnings. In November 2016, the FASB issued ASU No. 2016-18 - “Statement of Cash Flows (Topic 230): Restricted Cash (a consensus of the FASB Emerging Issues Task Force).” The amendments of this ASU address the diversity of presentation of restricted cash by requiring a statement of cash flows to explain the change during the period in the total cash, cash equivalents and amounts generally described as restricted cash or restricted cash equivalents. ASU 2016-18 will be effective for fiscal years beginning after December 15, 2017. The adoption of ASU 2016-18 resulted in a change in certain disclosures within the Condensed Consolidated Statement of Cash Flows, including cash flows from investing activities and total cash, cash equivalents and restricted cash. In October 2016, the FASB issued ASU No. 2016-16 - “Income Taxes (Topic 740): Intra-Entity Transfer of Assets Other than Inventory,” which requires the recognition of the income tax consequences of an intra-entity transfer of an asset, other than inventory, when the transfer occurs. ASU 2016-16 will be effective for fiscal years beginning after December 15, 2017. The adoption of this ASU did not have a material impact on the Company's consolidated financial statements. In August 2016, the FASB issued ASU No. 2016-15 - “Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments.” This update addresses eight specific cash flow issues with the objective of reducing the existing diversity in practice and affects all entities required to present a statement of cash flows under Topic 230. This standard will be effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. As a result of the adoption of ASU No. 2016-15 the Company reclassified $259.9 million of operating cash flows to investing cash flows for the nine months ended September 30, 2017. In May 2014, the FASB issued ASU No. 2014-09 - “Revenue from Contracts with Customers” (Topic 606), which supersedes the revenue recognition requirements in ASC 605, Revenue Recognition. This was further clarified with technical corrections issued within ASU 2015-14, ASU 2016-08, ASU 2016-10, ASU 2016-11, ASU 2016-12, ASU 2016-20, and ASU 2017-05. The new revenue recognition guidance was issued to provide a single, comprehensive revenue recognition model for all contracts with customers. Under the new guidance, an entity will recognize revenue to depict the transfer of promised goods or services to customers at an amount that the entity expects to be entitled to in exchange for those goods or services. A five-step model has been introduced for an entity to apply when recognizing revenue. The new guidance also includes enhanced disclosure requirements and is effective January 1, 2018. Entities have the option to apply the new guidance under a retrospective approach to each prior reporting period presented, or a modified retrospective approach with the cumulative effect of initially applying the new guidance recognized at the date of initial application within the Consolidated Statement of Changes in Stockholder's Equity. The Company has adopted the new guidance effective January 1, 2018 utilizing the modified retrospective approach. Refer to Note 2, “Revenues” for further details. 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 will be effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The Company plans to adopt this guidance effective January 1, 2019 using the modified retrospective approach. The Company is evaluating the impact the adoption of this ASU will have on its consolidated financial statements. In January 2016, the FASB issued ASU 2016-01 - “Financial Instruments-Overall: Recognition and Measurement of Financial Assets and Financial Liabilities.” ASU 2016-01 amends various aspects of the recognition, measurement, presentation and disclosure for financial instruments. Most significantly, ASU 2016-01 requires equity investments (except those accounted for under the equity method of accounting or those that result in consolidation of an investee) to be measured at fair value with changes in fair value recognized in net income (loss). ASU 2016-01 is effective for annual reporting periods and interim periods within those years beginning after December 15, 2017. The adoption of this ASU did not have a material impact on the Company's consolidated financial statements.

Revenues (Tables)

Revenues (Tables)	9 Months Ended
	Sep. 30, 2018
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 nine months ended September 30, 2018. Customer Advances Balance as of January 1, 2018 Cash Received in Advance of Satisfying Performance Obligation Revenue Recognized Customer Advances Balance as of September 30, 2018 Total $ 12.7 $ 71.7 $ 72.6 $ 11.8

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Sep. 30, 2018
Inventory Disclosure [Abstract]
Schedule of the components of inventories	The components of inventories as of September 30, 2018 and December 31, 2017 are summarized as follows: ($ in millions) September 30, 2018 December 31, 2017 Raw materials $ 159.5 $ 122.0 Work-in-process 131.8 98.8 Finished goods 253.9 227.7 Total inventories 545.2 448.5 Excess and obsolete inventory reserve (52.1 ) (47.9 ) Inventories — net $ 493.1 $ 400.6

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2018
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, 2017 and the nine months ended September 30, 2018 are as follows: ($ in millions) Cranes Americas EURAF MEAP Balance as of January 1, 2017 $ 299.6 $ — $ — $ — Foreign currency impact 16.5 — — — Reallocation of goodwill at October 31, 2017 (316.1 ) 166.5 81.5 68.1 Foreign currency impact — — 4.4 0.8 Balance as of December 31, 2017 — 166.5 85.9 68.9 Foreign currency impact — — (2.7 ) (2.2 ) Balance as of September 30, 2018 $ — $ 166.5 $ 83.2 $ 66.7
Gross carrying amount and accumulated amortization of the company's 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 September 30, 2018 and December 31, 2017 are as follows: September 30, 2018 December 31, 2017 ($ in millions) Gross Carrying Amount Accumulated Amortization Net Book Value Gross Carrying Amount Accumulated Amortization Net Book Value Trademarks and tradenames $ 97.1 $ — $ 97.1 $ 99.7 $ — $ 99.7 Customer relationships 9.9 (8.1 ) 1.8 10.7 (8.7 ) 2.0 Patents 30.1 (29.2 ) 0.9 30.6 (29.7 ) 0.9 Engineering drawings 10.6 (10.5 ) 0.1 10.8 (10.7 ) 0.1 Distribution network 19.1 (0.1 ) 19.0 19.5 (0.1 ) 19.4 Other intangibles 0.1 (0.1 ) — 0.1 (0.1 ) — Total $ 166.9 $ (48.0 ) $ 118.9 $ 171.4 $ (49.3 ) $ 122.1

Accounts Payable and Accrued _2

Accounts Payable and Accrued Expenses (Tables)	9 Months Ended
	Sep. 30, 2018
Payables And Accruals [Abstract]
Schedule of accounts payable and accrued expenses	Accounts payable and accrued expenses at September 30, 2018 and December 31, 2017 are summarized as follows: ($ in millions) September 30, 2018 December 31, 2017 Trade accounts payable $ 239.1 $ 204.9 Employee-related expenses 49.9 59.7 Accrued vacation 23.2 23.8 Miscellaneous accrued expenses 79.1 87.4 Total $ 391.3 $ 375.8

Debt (Tables)

Debt (Tables)	9 Months Ended
	Sep. 30, 2018
Debt Disclosure [Abstract]
Schedule of outstanding debt	Outstanding debt at September 30, 2018 and December 31, 2017 is summarized as follows: ($ in millions) September 30, 2018 December 31, 2017 Revolving credit facility $ — $ — Senior secured second lien notes due 2021 253.6 251.9 Other 20.2 26.1 Deferred financing costs (2.4 ) (3.1 ) Total debt 271.4 274.9 Short-term borrowings and current portion of long-term debt (6.9 ) (8.2 ) Long-term debt $ 264.5 $ 266.7

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2018
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 September 30, Nine Months Ended September 30, 2018 2017 2018 2017 Basic weighted average common shares outstanding 35,564,946 35,132,857 35,488,271 35,087,982 Effect of dilutive securities 363,381 701,438 446,822 — Diluted weighted average common shares outstanding 35,928,327 35,834,295 35,935,093 35,087,982

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	9 Months Ended
	Sep. 30, 2018
Equity [Abstract]
Roll forward of Retained Earnings	The following is a roll forward of retained earnings for the nine months ended September 30, 2018: ($ in millions) Retained Balance at December 31, 2017 $ 256.7 Net income 11.2 Balance at September 30, 2018 $ 267.9
Reconciliation of accumulated other comprehensive loss	A reconciliation for the changes in accumulated other comprehensive loss, net of tax, by component for the nine months ended September 30, 2018 and 2017 is as follows: ($ in millions) 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 ) Other comprehensive loss before reclassifications (3.6 ) (0.1 ) (26.8 ) (30.5 ) Amounts reclassified from accumulated other comprehensive loss 0.3 0.8 — 1.1 Net other comprehensive income (loss) (3.3 ) 0.7 (26.8 ) (29.4 ) Balance at June 30, 2018 (3.2 ) (43.7 ) (67.8 ) (114.7 ) Other comprehensive income before reclassifications (1.2 ) (0.2 ) (7.1 ) (8.5 ) Amounts reclassified from accumulated other comprehensive loss 2.5 4.4 — 6.9 Net other comprehensive income 1.3 4.2 (7.1 ) (1.6 ) Balance at September 30, 2018 $ (1.9 ) $ (39.5 ) $ (74.9 ) $ (116.3 ) ($ in millions) Gains and Losses on Cash Flow Hedges Pension & Postretirement Foreign Currency Translation Total Balance at December 31, 2016 $ (0.3 ) $ (51.8 ) $ (110.8 ) $ (162.9 ) Other comprehensive income before reclassifications 0.3 — 10.1 10.4 Amounts reclassified from accumulated other comprehensive loss 0.2 0.6 — 0.8 Net other comprehensive income 0.5 0.6 10.1 11.2 Balance at March 31, 2017 0.2 (51.2 ) (100.7 ) (151.7 ) Other comprehensive income before reclassifications — — 23.1 23.1 Amounts reclassified from accumulated other comprehensive loss 0.1 0.5 — 0.6 Net other comprehensive income 0.1 0.5 23.1 23.7 Balance at June 30, 2017 0.3 (50.7 ) (77.6 ) (128.0 ) Other comprehensive income before reclassifications — 8.0 14.2 22.2 Amounts reclassified from accumulated other comprehensive loss — (2.3 ) — (2.3 ) Net other comprehensive income — 5.7 14.2 19.9 Balance at September 30, 2017 $ 0.3 $ (45.0 ) $ (63.4 ) $ (108.1 )
Reconciliation of reclassifications out of accumulated other comprehensive income (loss), net of tax	The following is a reconciliation of the reclassifications out of accumulated other comprehensive income (loss), net of tax, for the three and nine months ended September 30, 2018: Three Months Ended September 30, 2018 Nine Months Ended September 30, 2018 ($ in millions) Amount Reclassified from Accumulated Other Comprehensive Income (Loss) Amount Reclassified from Accumulated Other Comprehensive Income (Loss) Recognized Location Gains and losses on cash flow hedges Foreign currency contracts $ (2.5 ) $ (2.8 ) Cost of sales (2.5 ) (2.8 ) Total before tax — — Tax expense $ (2.5 ) $ (2.8 ) Net of tax Amortization of pension and postretirement items Actuarial losses $ (1.4 ) $ (4.2 ) (a) Other income (expense) - net Prior service cost 0.7 2.1 (a) Other income (expense) - net Pension settlement charge (4.5 ) (4.5 ) (a) Other income (expense) - net (5.2 ) (6.6 ) Total before tax 0.8 0.8 Tax benefit $ (4.4 ) $ (5.8 ) Net of tax Total reclassifications for the period $ (6.9 ) $ (8.6 ) Net of tax (a) These accumulated other comprehensive income (loss) components are components of net periodic pension cost (see Note 17, “Employee Benefit Plans,” for further details). The following is a reconciliation of the reclassifications out of accumulated other comprehensive income (loss), net of tax, for the three and nine months ended September 30, 2017: Three Months Ended September 30, 2017 Nine Months Ended September 30, 2017 ($ in millions) Amount Reclassified from Accumulated Other Comprehensive Income (Loss) Amount Reclassified from Accumulated Other Comprehensive Income (Loss) Recognized Location Gains and losses on cash flow hedges Foreign exchange contracts $ — $ (0.3 ) Cost of sales — (0.3 ) Total before tax — — Tax expense $ — $ (0.3 ) Net of tax Amortization of pension and postretirement items Actuarial losses $ (1.3 ) $ (3.9 ) (a) Other income (expense) - net Prior service cost $ 0.3 $ 1.0 (a) Other income (expense) - net (1.0 ) (2.9 ) Total before tax 3.3 4.1 Tax benefit $ 2.3 $ 1.2 Net of Tax Total reclassifications for the period $ 2.3 $ 0.9 Net of Tax (a) These accumulated other comprehensive income (loss) components are components of net periodic pension cost (see Note 17, “Employee Benefit Plans,” for further details).

Segments (Tables)

Segments (Tables)	9 Months Ended
	Sep. 30, 2018
Segment Reporting [Abstract]
Schedule of Information by Reportable Segment	The following table shows information by reportable segment for the three and nine months ended September 30, 2018 and 2017: Three Months Ended September 30, 2018 Three Months Ended September 30, 2017 Nine Months Ended September 30, 2018 Nine Months Ended September 30, 2017 Net Sales Americas $ 224.1 $ 207.2 $ 614.3 $ 488.1 EURAF 152.9 138.8 498.3 429.4 MEAP 73.1 53.4 218.9 182.3 Total $ 450.1 $ 399.4 $ 1,331.5 $ 1,099.8 Segment Operating Income (Loss) Americas $ 17.8 $ 11.1 $ 35.2 $ (3.3 ) EURAF 1.6 1.0 13.1 2.3 MEAP 6.2 6.6 24.8 26.2 Total $ 25.6 $ 18.7 $ 73.1 $ 25.2 Depreciation Americas $ 3.5 $ 3.5 $ 10.6 $ 11.7 EURAF 3.8 3.7 11.4 11.2 MEAP 0.9 1.0 2.9 2.8 Corporate 0.8 1.0 2.3 3.4 Total $ 9.0 $ 9.2 $ 27.2 $ 29.1 Capital Expenditures Americas $ 2.4 $ 1.8 $ 7.3 $ 9.3 EURAF 2.1 2.2 9.1 6.2 MEAP 0.9 1.1 2.6 1.3 Corporate 0.8 — 2.4 0.2 Total $ 6.2 $ 5.1 $ 21.4 $ 17.0
Schedule of Reconciliation of the Company's Segment Operating Income (Loss)	A reconciliation of the Company’s segment operating income (loss) to the Condensed Consolidated Statement of Operations for the three and nine months ended September 30, 2018 and 2017 was as follows: Three Months Ended September 30, 2018 Three Months Ended September 30, 2017 Nine Months Ended September 30, 2018 Nine Months Ended September 30, 2017 Segment operating income $ 25.6 $ 18.7 $ 73.1 $ 25.2 Unallocated corporate expenses (8.3 ) (7.0 ) (26.5 ) (23.1 ) Restructuring expense (0.4 ) (1.9 ) (3.9 ) (2.2 ) Total operating income (loss) $ 16.9 $ 9.8 $ 42.7 $ (0.1 )
Schedule of Net Sales by Geographic Area	Net sales by geographic area for the three and nine months ended September 30, 2018 and 2017 are as follows: Three Months Ended September 30, 2018 Three Months Ended September 30, 2017 Nine Months Ended September 30, 2018 Nine Months Ended September 30, 2017 United States $ 208.5 $ 184.7 $ 556.3 $ 434.9 Other North America 11.5 14.3 32.0 29.4 Europe 147.6 130.5 486.6 407.7 Asia 31.4 19.8 79.0 77.9 Middle East 20.2 25.1 91.3 71.8 Central and South America 3.6 7.6 24.2 19.7 Africa 5.3 8.3 11.7 21.7 Caribbean 0.5 0.6 1.8 4.1 Australia 21.5 8.5 48.6 32.6 Total $ 450.1 $ 399.4 $ 1,331.5 $ 1,099.8
Schedule of Net Sales By Product	Three Months Ended September 30, 2018 Three Months Ended September 30, 2017 Nine Months Ended September 30, 2018 Nine Months Ended September 30, 2017 Cranes $ 362.3 $ 320.1 $ 1,079.0 $ 863.1 Aftermarket parts and other* 87.8 79.3 252.5 236.7 Total net sales $ 450.1 $ 399.4 $ 1,331.5 $ 1,099.8 *Other revenue consists of revenue related to miscellaneous CraneCare services such as trainings and field service work.

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2018
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 table sets forth the Company’s financial assets and liabilities that were accounted for at fair value as of September 30, 2018. As of December 31, 2017, there was an immaterial amount of financial assets and liabilities that were accounted for at 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. Fair Value as of September 30, 2018 ($ in millions) Level 1 Level 2 Level 3 Total Current Liabilities: Foreign currency exchange contracts $ — $ 1.8 $ — $ 1.8 Total current liabilities at fair value $ — $ 1.8 $ — $ 1.8

Guarantees (Tables)

Guarantees (Tables)	9 Months Ended
	Sep. 30, 2018
Guarantees [Abstract]
Summary of Warranty Activity	Below is a table summarizing the warranty activity for the nine months ended September 30, 2018 and the year ended December 31, 2017: ($ in millions) Nine Months Ended September 30, 2018 Year Ended December 31, 2017 Balance at beginning of period $ 35.2 $ 28.6 Accruals for warranties issued during the period 20.0 34.6 Settlements made (in cash or in kind) during the period (19.1 ) (29.9 ) Currency translation (0.5 ) 1.9 Balance at end of period $ 35.6 $ 35.2

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	9 Months Ended
	Sep. 30, 2018
Compensation And Retirement Disclosure [Abstract]
Schedule of components of period benefit costs	The components of periodic benefit costs for the three and nine months ended September 30, 2018 and September 30, 2017 are as follows: Three Months Ended September 30, 2018 Nine Months Ended September 30, 2018 Postretirement Postretirement U.S. Non-U.S. Health and U.S. Non-U.S. Health and Pension Pension Other Pension Pension Other ($ in millions) Plans Plans Plans Plans Plans Plans Service cost - benefits earned during the period $ — $ 0.5 $ 0.1 $ — $ 1.5 $ 0.3 Interest cost of projected benefit obligations 1.3 0.5 0.2 3.9 1.5 0.6 Expected return on plan assets (1.5 ) (0.4 ) — (4.5 ) (1.2 ) — Amortization of prior service cost — — (0.7 ) — — (2.1 ) Amortization of actuarial net loss 0.8 0.4 0.2 2.4 1.2 0.6 Pension settlement charge 4.5 — — 4.5 — — Net periodic benefit costs $ 5.1 $ 1.0 $ (0.2 ) $ 6.3 $ 3.0 $ (0.6 ) Three Months Ended September 30, 2017 Nine Months Ended September 30, 2017 Postretirement Postretirement U.S. Non-U.S. Health and U.S. Non-U.S. Health and Pension Pension Other Pension Pension Other ($ in millions) Plans Plans Plans Plans Plans Plans Service cost - benefits earned during the period $ — $ 0.4 $ 0.1 $ — $ 1.3 $ 0.2 Interest cost of projected benefit obligations 1.3 0.6 0.2 4.0 1.6 0.7 Expected return on plan assets (1.2 ) (0.4 ) — (3.7 ) (1.1 ) — Amortization of prior service cost — — (0.3 ) — — (1.0 ) Amortization of actuarial net loss 0.8 0.4 0.1 2.4 1.2 0.3 Net periodic benefit costs 0.9 1.0 0.1 2.7 3.0 0.2

Restructuring (Tables)

Restructuring (Tables)	9 Months Ended
	Sep. 30, 2018
Restructuring And Related Activities [Abstract]
Rollforward of all restructuring activities	The following is a roll-forward of the Company's restructuring activities for the nine months ended September 30, 2018: Restructuring Reserve Balance as of December 31, 2017 Restructuring Expenses Use of Reserve Reserve Reclassification Restructuring Reserve Balance as of September 30, 2018 Total $ 5.6 $ 11.0 $ 12.7 $ (0.5 ) $ 3.4

Accounting Policies and Basis_2

Accounting Policies and Basis of Presentation - Narrative (Details) $ in Millions	Nov. 17, 2017	Sep. 30, 2018USD ($)segment	Mar. 31, 2018USD ($)	Dec. 31, 2017USD ($)
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Number of reportable segments | segment		3
Stockholders' equity reverse stock split, conversion ratio	0.25
Restricted cash		$ 0		$ 3.8
Restricted Cash, Current, Asset, Statement of Financial Position [Extensible List]		us-gaap:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents		us-gaap:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
Other current assets		$ 55.6		$ 56.5
Property, plant and equipment, net		$ 283.9		$ 303.7
Restatement Adjustment
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Other current assets			$ (8.8)
Property, plant and equipment, net			$ 8.8

Revenues - Narrative (Details)

Revenues - Narrative (Details) - USD ($) $ in Millions	Sep. 30, 2018	Jan. 01, 2018	Dec. 31, 2017
Revenue Initial Application Period Cumulative Effect Transition [Line Items]
Cumulative catch-up adjustment to retained earnings	$ 267.9		$ 256.7
ASC Topic 606
Revenue Initial Application Period Cumulative Effect Transition [Line Items]
Cumulative catch-up adjustment to retained earnings		$ 0

Revenues - Schedule of Change I

Revenues - Schedule of Change In Customer Advances Balance (Details) $ in Millions	9 Months Ended
	Sep. 30, 2018USD ($)
Revenue From Contract With Customer [Abstract]
Customer Advances, Beginning Balance	$ 12.7
Cash Received in Advance of Satisfying Performance Obligation	71.7
Revenue Recognized	72.6
Customer Advances, Ending Balance	$ 11.8

Inventories - Components of Inv

Inventories - Components of Inventories (Details) - USD ($) $ in Millions	Sep. 30, 2018	Dec. 31, 2017
Inventory Disclosure [Abstract]
Raw materials	$ 159.5	$ 122
Work-in-process	131.8	98.8
Finished goods	253.9	227.7
Total inventories	545.2	448.5
Excess and obsolete inventory reserve	(52.1)	(47.9)
Inventories — net	$ 493.1	$ 400.6

Notes Receivable - Narrative (D

Notes Receivable - Narrative (Details) - USD ($) $ in Millions	Sep. 30, 2018	Dec. 31, 2017
Receivables [Abstract]
Notes receivable, net current	$ 20	$ 31.1
Notes receivable, long term	$ 17.4	$ 27.4

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets - Changes in goodwill by reportable segment (Details) - USD ($) $ in Millions	2 Months Ended	9 Months Ended	10 Months Ended
	Dec. 31, 2017	Sep. 30, 2018	Oct. 31, 2017
Goodwill
Balance at the beginning of the period		$ 321.3
Balance at the end of the period	$ 321.3	316.4
Cranes
Goodwill
Balance at the beginning of the period			$ 299.6
Foreign currency impact			16.5
Reallocation of goodwill			(316.1)
Americas
Goodwill
Balance at the beginning of the period		166.5
Reallocation of goodwill			166.5
Balance at the end of the period	166.5	166.5
Europe and Africa ("EURAF")
Goodwill
Balance at the beginning of the period		85.9
Foreign currency impact	4.4	(2.7)
Reallocation of goodwill			81.5
Balance at the end of the period	85.9	83.2
Middle East and Asia Pacific ("MEAP")
Goodwill
Balance at the beginning of the period		68.9
Foreign currency impact	0.8	(2.2)
Reallocation of goodwill			$ 68.1
Balance at the end of the period	$ 68.9	$ 66.7

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets - Narrative (Details) - USD ($)	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill and intangible asset impairment	$ 0
Amortization of intangible assets	$ 200,000	$ 700,000

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets - Gross carrying amount and accumulated amortization of the company's intangible assets other than goodwill (Details) - USD ($) $ in Millions	Sep. 30, 2018	Dec. 31, 2017
Intangible asset balances by major asset class
Intangible assets, gross (excluding goodwill)	$ 166.9	$ 171.4
Finite-lived intangible assets, amortization amount	(48)	(49.3)
Intangible assets, book value	118.9	122.1
Customer Relationships
Intangible asset balances by major asset class
Finite-lived intangible assets, carrying amount	9.9	10.7
Finite-lived intangible assets, amortization amount	(8.1)	(8.7)
Finite-lived intangible assets, book value	1.8	2
Patents
Intangible asset balances by major asset class
Finite-lived intangible assets, carrying amount	30.1	30.6
Finite-lived intangible assets, amortization amount	(29.2)	(29.7)
Finite-lived intangible assets, book value	0.9	0.9
Engineering Drawings
Intangible asset balances by major asset class
Finite-lived intangible assets, carrying amount	10.6	10.8
Finite-lived intangible assets, amortization amount	(10.5)	(10.7)
Finite-lived intangible assets, book value	0.1	0.1
Distribution Network
Intangible asset balances by major asset class
Finite-lived intangible assets, carrying amount	19.1	19.5
Finite-lived intangible assets, amortization amount	(0.1)	(0.1)
Finite-lived intangible assets, book value	19	19.4
Other Intangibles
Intangible asset balances by major asset class
Finite-lived intangible assets, carrying amount	0.1	0.1
Finite-lived intangible assets, amortization amount	(0.1)	(0.1)
Trademarks and Tradenames
Intangible asset balances by major asset class
Indefinite-lived intangible assets, book value	$ 97.1	$ 99.7

Accounts Payable and Accrued _3

Accounts Payable and Accrued Expenses - Schedule of Accounts Payable and Accrued Expenses (Details) - USD ($) $ in Millions	Sep. 30, 2018	Dec. 31, 2017
Payables And Accruals [Abstract]
Trade accounts payable	$ 239.1	$ 204.9
Employee-related expenses	49.9	59.7
Accrued vacation	23.2	23.8
Miscellaneous accrued expenses	79.1	87.4
Total	$ 391.3	$ 375.8

Debt - Schedule of outstanding

Debt - Schedule of outstanding debt (Details) - USD ($)	Sep. 30, 2018	Dec. 31, 2017
Debt Instrument [Line Items]
Total debt	$ 271,400,000	$ 274,900,000
Deferred financing costs	(2,400,000)	(3,100,000)
Short-term borrowings and current portion of long-term debt	(6,900,000)	(8,200,000)
Long-term debt	264,500,000	266,700,000
ABL Revolving Credit Facility
Debt Instrument [Line Items]
Revolving credit facility	0	0
Senior Notes Due 2021
Debt Instrument [Line Items]
Total debt	253,600,000	251,900,000
Other
Debt Instrument [Line Items]
Total debt	$ 20,200,000	$ 26,100,000

Debt - Narrative (Details)

Debt - Narrative (Details) - USD ($)	Mar. 03, 2016	Sep. 30, 2018	Dec. 31, 2017	Feb. 18, 2016
Debt Instrument [Line Items]
Carrying amount		$ 271,400,000	$ 274,900,000
Senior Notes Due 2021
Debt Instrument [Line Items]
Interest rate, stated percentage (as a percent)		12.75%	12.75%
Face amount of debt		$ 260,000,000	$ 260,000,000	$ 260,000,000
Carrying amount		253,600,000	251,900,000
Other
Debt Instrument [Line Items]
Carrying amount		$ 20,200,000	26,100,000
Weighted average interest rate (as a percent)		5.29%
ABL Revolving Credit Facility
Debt Instrument [Line Items]
Weighted average interest rate (as a percent)		4.30%
Maximum borrowing capacity under revolving credit facility	$ 225,000,000
Line of credit outstanding		$ 0	$ 0
Highest daily borrowing		24,700,000
Average borrowing		5,100,000
Excess capacity		121,900,000
Line of credit borrowing capacity		$ 136,300,000
Fixed charge coverage ratio	100.00%
ABL Revolving Credit Facility | LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)		1.50%
ABL Revolving Credit Facility | Prime Rate
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)		0.50%
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		$ 14,400,000
ABL Revolving Credit Facility | Letter of Credit | German Borrowers
Debt Instrument [Line Items]
Maximum borrowing capacity under revolving credit facility	$ 10,000,000

Accounts Receivable Securitiz_2

Accounts Receivable Securitization - Narrative (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017
Accounts Receivable Securitization
Trade accounts receivable balance sold	$ 219,200,000	$ 211,300,000	$ 603,500,000	$ 547,500,000
Proceeds from collection of receivables	245,700,000	$ 179,700,000	600,500,000	429,600,000
Sales of trade receivables	51,400,000		$ 51,400,000		$ 31,800,000
Average collection cycle for accounts receivable (in days) (less than)			60 days
Fair value of deferred purchase price notes	45,400,000		$ 45,400,000		$ 60,600,000
Non-cash investing activities related to increase in deferred purchase price			404,700,000	$ 363,200,000
Maximum
Accounts Receivable Securitization
Capacity of securitization program	$ 75,000,000		$ 75,000,000

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017
Valuation Allowance [Line Items]
Tax benefit	$ 10.7	$ 13.1	$ 8	$ 9.3
Federal income tax at statutory rate (as a percent)			21.00%		35.00%
Unrecognized tax benefits	15.3		$ 15.3		$ 19.5
U.K.
Valuation Allowance [Line Items]
Discrete tax benefit	$ 13.2
Internal Revenue Service | Tax Years 2012 Through 2014
Valuation Allowance [Line Items]
Discrete tax benefit		$ 13.7

Earnings Per Share - Narrative

Earnings Per Share - Narrative (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Earnings Per Share [Abstract]
Basic weighted average common shares outstanding	35,564,946	35,132,857	35,488,271	35,087,982
Number of anti-dilutive shares excluded from the calculation of diluted earnings per share	448,595	64,483	389,567
Dividends	$ 0	$ 0	$ 0	$ 0

Earnings Per Share - Reconcilia

Earnings Per Share - Reconciliation of the average shares outstanding used to compute basic and diluted earnings per share (Details) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Earnings Per Share [Abstract]
Basic weighted average common shares outstanding (in shares)	35,564,946	35,132,857	35,488,271	35,087,982
Effect of dilutive securities (in shares)	363,381	701,438	446,822	0
Diluted weighted average common shares outstanding (in shares)	35,928,327	35,834,295	35,935,093	35,087,982

Stockholders' Equity - Roll for

Stockholders' Equity - Roll forward of Retained Earnings (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Retained earnings beginning balance			$ 256.7
Net income	$ 11.5	$ 9.6	11.2	$ (25.9)
Retained earnings ending balance	$ 267.9		$ 267.9

Stockholders' Equity - Narrativ

Stockholders' Equity - Narrative (Details) - $ / shares	Sep. 30, 2018	Dec. 31, 2017
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
Maximum
Class Of Stock [Line Items]
Number of shares authorized to be repurchased (in shares)	600,000

Stockholders' Equity - Reconcil

Stockholders' Equity - Reconciliation of accumulated other comprehensive loss (Details) - USD ($) $ in Millions	3 Months Ended						9 Months Ended
	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Sep. 30, 2018	Sep. 30, 2017
Increase (Decrease) in Equity [Roll Forward]
Beginning balance			$ 677.5				$ 677.5
Ending balance	$ 678.3						678.3
Gains and Losses on Cash Flow Hedges
Increase (Decrease) in Equity [Roll Forward]
Beginning balance	(3.2)	$ 0.1	0.1	$ 0.3	$ 0.2	$ (0.3)	0.1	$ (0.3)
Other comprehensive income (loss) before reclassifications	(1.2)	(3.6)				0.3
Amounts reclassified from accumulated other comprehensive loss	2.5	0.3			0.1	0.2
Net other comprehensive income (loss)	1.3	(3.3)			0.1	0.5
Ending balance	(1.9)	(3.2)	0.1	0.3	0.3	0.2	(1.9)	0.3
Pension & Postretirement
Increase (Decrease) in Equity [Roll Forward]
Beginning balance	(43.7)	(44.4)	(45.1)	(50.7)	(51.2)	(51.8)	(45.1)	(51.8)
Other comprehensive income (loss) before reclassifications	(0.2)	(0.1)	0.1	8
Amounts reclassified from accumulated other comprehensive loss	4.4	0.8	0.6	(2.3)	0.5	0.6
Net other comprehensive income (loss)	4.2	0.7	0.7	5.7	0.5	0.6
Ending balance	(39.5)	(43.7)	(44.4)	(45)	(50.7)	(51.2)	(39.5)	(45)
Foreign Currency Translation
Increase (Decrease) in Equity [Roll Forward]
Beginning balance	(67.8)	(41)	(52.4)	(77.6)	(100.7)	(110.8)	(52.4)	(110.8)
Other comprehensive income (loss) before reclassifications	(7.1)	(26.8)	11.4	14.2	23.1	10.1
Net other comprehensive income (loss)	(7.1)	(26.8)	11.4	14.2	23.1	10.1
Ending balance	(74.9)	(67.8)	(41)	(63.4)	(77.6)	(100.7)	(74.9)	(63.4)
Accumulated Other Comprehensive Loss
Increase (Decrease) in Equity [Roll Forward]
Beginning balance	(114.7)	(85.3)	(97.4)	(128)	(151.7)	(162.9)	(97.4)	(162.9)
Other comprehensive income (loss) before reclassifications	(8.5)	(30.5)	11.5	22.2	23.1	10.4
Amounts reclassified from accumulated other comprehensive loss	6.9	1.1	0.6	(2.3)	0.6	0.8
Net other comprehensive income (loss)	(1.6)	(29.4)	12.1	19.9	23.7	11.2
Ending balance	$ (116.3)	$ (114.7)	$ (85.3)	$ (108.1)	$ (128)	$ (151.7)	$ (116.3)	$ (108.1)

Stockholders' Equity - Reconc_2

Stockholders' Equity - Reconciliation of reclassifications out of accumulated other comprehensive income (loss), net of tax (Details) - USD ($) $ in Millions	3 Months Ended						9 Months Ended
	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Sep. 30, 2018	Sep. 30, 2017
Schedule of Reclassifications out of Accumulated Comprehensive Income (Loss) [Line Items]
Cost of sales	$ (370.1)			$ (326.9)			$ (1,092.6)	$ (899.1)
Income (loss) from continuing operations before taxes	0.8			(3.4)			3.4	(34.9)
Tax expense	10.7			13.1			8	9.3
Other income (expense) - net	(5.7)			(3.1)			(8.6)	(4)
Reclassification out of Accumulated Other Comprehensive Income
Schedule of Reclassifications out of Accumulated Comprehensive Income (Loss) [Line Items]
Net of Tax	(6.9)			2.3			(8.6)	0.9
Gains and Losses on Cash Flow Hedges
Schedule of Reclassifications out of Accumulated Comprehensive Income (Loss) [Line Items]
Net of Tax	(2.5)	$ (0.3)			$ (0.1)	$ (0.2)
Gains and Losses on Cash Flow Hedges | Reclassification out of Accumulated Other Comprehensive Income
Schedule of Reclassifications out of Accumulated Comprehensive Income (Loss) [Line Items]
Income (loss) from continuing operations before taxes	(2.5)						(2.8)	(0.3)
Net loss	(2.5)						(2.8)	(0.3)
Gains and Losses on Cash Flow Hedges | Reclassification out of Accumulated Other Comprehensive Income | Foreign currency contracts
Schedule of Reclassifications out of Accumulated Comprehensive Income (Loss) [Line Items]
Cost of sales	(2.5)						(2.8)
Gains and 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								(0.3)
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			0.3			2.1	1
Actuarial Losses | Reclassification out of Accumulated Other Comprehensive Income
Schedule of Reclassifications out of Accumulated Comprehensive Income (Loss) [Line Items]
Other income (expense) - net	(1.4)			(1.3)			(4.2)	(3.9)
Pension & Postretirement
Schedule of Reclassifications out of Accumulated Comprehensive Income (Loss) [Line Items]
Net of Tax	(4.4)	$ (0.8)	$ (0.6)	2.3	$ (0.5)	$ (0.6)
Pension & Postretirement | Reclassification out of Accumulated Other Comprehensive Income
Schedule of Reclassifications out of Accumulated Comprehensive Income (Loss) [Line Items]
Total before tax	(5.2)			(1)			(6.6)	(2.9)
Tax expense (benefit)	0.8			3.3			0.8	4.1
Net of Tax	(4.4)			$ 2.3			(5.8)	$ 1.2
Pension Settlement Charge | Reclassification out of Accumulated Other Comprehensive Income
Schedule of Reclassifications out of Accumulated Comprehensive Income (Loss) [Line Items]
Other income (expense) - net	$ (4.5)						$ (4.5)

Stock-Based Compensation - Narr

Stock-Based Compensation - Narrative (Details) $ in Millions	Nov. 17, 2017	Sep. 30, 2018USD ($)shares	Sep. 30, 2017USD ($)shares	Sep. 30, 2018USD ($)shares	Sep. 30, 2017USD ($)shares
Stock-Based Compensation
Stockholders' equity reverse stock split, conversion ratio	0.25
Stock-based compensation expense (in dollars) | $		$ 1.9	$ 1.5	$ 6	$ 4.7
Stock Options
Stock-Based Compensation
Number of share options granted during the period (in shares)		0	0	187,484	273,800
Restricted Stock Units (RSUs)
Stock-Based Compensation
Number of shares of other than options granted during the period (in shares)		15,425	2,500	96,291	138,266
Performance Shares
Stock-Based Compensation
Number of shares of other than options granted during the period (in shares)		0	0	93,298	115,047
Options Granted in 2018 | Stock Options
Stock-Based Compensation
Vesting period (in years)				3 years
Expiration period (in years)				10 years
Options Granted in 2017 | Stock Options
Stock-Based Compensation
Vesting period (in years)					3 years
Expiration period (in years)					10 years
Restricted Stock Units (RSUs) 2018 | Restricted Stock Units (RSUs) | Officers And Employees
Stock-Based Compensation
Expiration period of restrictions (in years)				3 years
Restricted Stock Units (RSUs) 2018 | Restricted Stock Units (RSUs) | Director
Stock-Based Compensation
Expiration period of restrictions (in years)				0 years
Restricted Stock Units (RSUs) 2017 | Restricted Stock Units (RSUs) | Officers And Employees
Stock-Based Compensation
Expiration period of restrictions (in years)					3 years
Restricted Stock Units (RSUs) 2017 | Restricted Stock Units (RSUs) | Director
Stock-Based Compensation
Expiration period of restrictions (in years)					2 years
2013 Omnibus Plan
Stock-Based Compensation
Share-based compensation, shares authorized (in shares)		7,477,395		7,477,395
Stockholders' equity reverse stock split, conversion ratio				0.25
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
Performance Shares 2018 | Performance Shares | Minimum
Stock-Based Compensation
Number of shares of other than options granted during the period (in shares)				0
Performance Shares 2018 | Performance Shares | Maximum
Stock-Based Compensation
Number of shares of other than options granted during the period (in shares)				185,184
Performance Shares 2017 | 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 2017 | Performance Shares | Minimum
Stock-Based Compensation
Number of shares of other than options granted during the period (in shares)					0
Performance Shares 2017 | Performance Shares | Maximum
Stock-Based Compensation
Number of shares of other than options granted during the period (in shares)					196,316

Segments - Narrative (Details)

Segments - Narrative (Details)	9 Months Ended
	Sep. 30, 2018segment
Segment Reporting [Abstract]
Number of reportable segments	3

Segments - Schedule of Informat

Segments - Schedule of Information by Reportable Segment (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Segment Reporting Information [Line Items]
Net sales	$ 450.1	$ 399.4	$ 1,331.5	$ 1,099.8
Operating (loss) income	16.9	9.8	42.7	(0.1)
Depreciation	9	9.2	27.2	29.1
Capital Expenditures	6.2	5.1	21.4	17
Segment Operating Income (Loss)
Segment Reporting Information [Line Items]
Operating (loss) income	25.6	18.7	73.1	25.2
Segment Operating Income (Loss) | Americas
Segment Reporting Information [Line Items]
Net sales	224.1	207.2	614.3	488.1
Operating (loss) income	17.8	11.1	35.2	(3.3)
Depreciation	3.5	3.5	10.6	11.7
Capital Expenditures	2.4	1.8	7.3	9.3
Segment Operating Income (Loss) | EURAF
Segment Reporting Information [Line Items]
Net sales	152.9	138.8	498.3	429.4
Operating (loss) income	1.6	1	13.1	2.3
Depreciation	3.8	3.7	11.4	11.2
Capital Expenditures	2.1	2.2	9.1	6.2
Segment Operating Income (Loss) | Middle East and Asia Pacific ("MEAP")
Segment Reporting Information [Line Items]
Net sales	73.1	53.4	218.9	182.3
Operating (loss) income	6.2	6.6	24.8	26.2
Depreciation	0.9	1	2.9	2.8
Capital Expenditures	0.9	1.1	2.6	1.3
Corporate
Segment Reporting Information [Line Items]
Operating (loss) income	(8.3)	(7)	(26.5)	(23.1)
Depreciation	0.8	$ 1	2.3	3.4
Capital Expenditures	$ 0.8		$ 2.4	$ 0.2

Segments - Schedule of Reconcil

Segments - Schedule of Reconciliation of the Company's Segment Operating Income (Loss) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Segment Reporting Reconciling Item For Operating Profit Loss From Segment To Consolidated [Line Items]
Total operating income (loss)	$ 16.9	$ 9.8	$ 42.7	$ (0.1)
Restructuring expense	1	3.7	11	21.3
Segment Operating Income (Loss)
Segment Reporting Reconciling Item For Operating Profit Loss From Segment To Consolidated [Line Items]
Total operating income (loss)	25.6	18.7	73.1	25.2
Unallocated Corporate Expenses
Segment Reporting Reconciling Item For Operating Profit Loss From Segment To Consolidated [Line Items]
Total operating income (loss)	(8.3)	(7)	(26.5)	(23.1)
Reconciliation of Company’s Segment Operating Income (Loss)
Segment Reporting Reconciling Item For Operating Profit Loss From Segment To Consolidated [Line Items]
Total operating income (loss)	16.9	9.8	42.7	(0.1)
Restructuring expense	$ (0.4)	$ (1.9)	$ (3.9)	$ (2.2)

Segments - Schedule of Net Sale

Segments - Schedule of Net Sales by Geographic Area (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Revenues From External Customers [Line Items]
Net sales	$ 450.1	$ 399.4	$ 1,331.5	$ 1,099.8
United States
Revenues From External Customers [Line Items]
Net sales	208.5	184.7	556.3	434.9
Other North America
Revenues From External Customers [Line Items]
Net sales	11.5	14.3	32	29.4
Europe
Revenues From External Customers [Line Items]
Net sales	147.6	130.5	486.6	407.7
Asia
Revenues From External Customers [Line Items]
Net sales	31.4	19.8	79	77.9
Middle East
Revenues From External Customers [Line Items]
Net sales	20.2	25.1	91.3	71.8
Central and South America
Revenues From External Customers [Line Items]
Net sales	3.6	7.6	24.2	19.7
Africa
Revenues From External Customers [Line Items]
Net sales	5.3	8.3	11.7	21.7
Caribbean
Revenues From External Customers [Line Items]
Net sales	0.5	0.6	1.8	4.1
Australia
Revenues From External Customers [Line Items]
Net sales	$ 21.5	$ 8.5	$ 48.6	$ 32.6

Segments - Schedule of Net Sa_2

Segments - Schedule of Net Sales By Product (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Product Information [Line Items]
Total net sales	$ 450.1	$ 399.4	$ 1,331.5	$ 1,099.8
Cranes
Product Information [Line Items]
Total net sales	362.3	320.1	1,079	863.1
Aftermarket Parts and Other
Product Information [Line Items]
Total net sales	$ 87.8	$ 79.3	$ 252.5	$ 236.7

Fair Value of Financial Instr_3

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 $ in Millions	Sep. 30, 2018USD ($)
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Derivative liabilities, current	$ 1.8
Foreign Currency Exchange Contracts
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Derivative liabilities, current	1.8
Level 2
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Derivative liabilities, current	1.8
Level 2 | Foreign Currency Exchange Contracts
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Derivative liabilities, current	$ 1.8

Fair Value of Financial Instr_4

Fair Value of Financial Instruments - Narrative (Details) - USD ($) $ in Millions	Sep. 30, 2018	Dec. 31, 2017
Senior Notes Due 2021
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Debt instruments at fair value	$ 285.1	$ 297.3

Commitments and Contingencies -

Commitments and Contingencies - Narrative (Details) - USD ($) $ in Millions	Sep. 30, 2018	Dec. 31, 2017
Product liability reserves
Product liabilities	$ 20.1	$ 20.8

Guarantees - Narrative (Details

Guarantees - Narrative (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2018	Dec. 31, 2017
Guarantees [Abstract]
Deferred revenue included in other current and non-current liabilities	$ 30.4	$ 29.7
Amount of residual value guarantees and buyback commitments given by the company	25.8	28.2
Warranty claims reserves	$ 35.6	$ 35.2
Standard product warranty, low end of range (in months)	12 months
Standard product warranty, high end of range (in months)	60 months

Guarantees - Summary of Warrant

Guarantees - Summary of Warranty Activity (Details) - USD ($) $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2018	Dec. 31, 2017
Warranty activity
Balance at beginning of period	$ 35.2	$ 28.6
Accruals for warranties issued during the period	20	34.6
Settlements made (in cash or in kind) during the period	(19.1)	(29.9)
Currency translation	(0.5)	1.9
Balance at end of period	$ 35.6	$ 35.2

Employee Benefit Plans - Narrat

Employee Benefit Plans - Narrative (Details) $ in Millions	Sep. 20, 2018USD ($)Employee	Sep. 30, 2018USD ($)	Sep. 30, 2017USD ($)	Sep. 30, 2018USD ($)	Sep. 30, 2017USD ($)
Components of periodic benefit costs
Other income (expense) - net		$ (5.7)	$ (3.1)	$ (8.6)	$ (4)
U.S. Pension Plans
Components of periodic benefit costs
Defined benefit plan obligation transfer	$ 18.6
Number of retirees and beneficiaries | Employee	622
Pension Settlement Charge | Reclassification out of Accumulated Other Comprehensive Income
Components of periodic benefit costs
Other income (expense) - net		$ (4.5)		$ (4.5)
Pension Settlement Charge | Reclassification out of Accumulated Other Comprehensive Income | U.S. Pension Plans
Components of periodic benefit costs
Other income (expense) - net	$ 4.5

Employee Benefit Plans (Details

Employee Benefit Plans (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Pension Plans | U.S. Pension Plans
Components of periodic benefit costs
Interest cost of projected benefit obligations	$ 1.3	$ 1.3	$ 3.9	$ 4
Expected return on plan assets	(1.5)	(1.2)	(4.5)	(3.7)
Amortization of actuarial net loss	0.8	0.8	2.4	2.4
Pension settlement charge	4.5		4.5
Net periodic benefit costs	5.1	0.9	6.3	2.7
Pension Plans | Non-U.S. Pension Plans
Components of periodic benefit costs
Service cost - benefits earned during the period	0.5	0.4	1.5	1.3
Interest cost of projected benefit obligations	0.5	0.6	1.5	1.6
Expected return on plan assets	(0.4)	(0.4)	(1.2)	(1.1)
Amortization of actuarial net loss	0.4	0.4	1.2	1.2
Net periodic benefit costs	1	1	3	3
Postretirement Health and Other Plans
Components of periodic benefit costs
Service cost - benefits earned during the period	0.1	0.1	0.3	0.2
Interest cost of projected benefit obligations	0.2	0.2	0.6	0.7
Amortization of prior service cost	(0.7)	(0.3)	(2.1)	(1)
Amortization of actuarial net loss	0.2	0.1	0.6	0.3
Net periodic benefit costs	$ (0.2)	$ 0.1	$ (0.6)	$ 0.2

Restructuring - Narrative (Deta

Restructuring - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Restructuring Cost and Reserve [Line Items]
Restructuring expense	$ 1	$ 3.7	$ 11	$ 21.3
Relocation from Manitowoc, WI to Milwaukee, WI
Restructuring Cost and Reserve [Line Items]
Restructuring expense	$ 1
Closure of Manitowoc, WI Facility
Restructuring Cost and Reserve [Line Items]
Restructuring expense		$ 3.7		$ 21.3
Transfer of Crawler Crane Production to Shady Grove, PA
Restructuring Cost and Reserve [Line Items]
Restructuring expense			$ 11

Restructuring - Rollforward of

Restructuring - Rollforward of all restructuring activities (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Rollforward of all restructuring activities
Restructuring reserve balance, at the beginning of the period			$ 5.6
Restructuring Expenses	$ 1	$ 3.7	11	$ 21.3
Use of Reserve			12.7
Reserve Reclassification			(0.5)
Restructuring reserve balance, at the end of the period	$ 3.4		$ 3.4

Recent Accounting Changes and_3

Recent Accounting Changes and Pronouncements - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Other income (expense) – net	$ 5.7	$ 3.1	$ 8.6	$ 4
Engineering, selling, and administrative expense	(62.1)	$ (59)	(184.6)	(178.8)
Operating cash flows			441.1	294.1
Investing cash flows			412.7	$ 249.9
Accounting Standards Update 2017-07
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Other income (expense) – net	1.9		5.8
Engineering, selling, and administrative expense	$ 1.9		5.8
Accounting Standards Update 2016-15
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Operating cash flows			259.9
Investing cash flows			$ 259.9