$SPXC
SPX Technologies, Inc.

2019 Q4 Form 10-Q Financial Statement

#000008820519000044 Filed on October 31, 2019

View on sec.gov

Income Statement

Concept 2019 Q4 2019 Q3 2018 Q3
Revenue $444.6M $364.8M $362.5M
YoY Change -0.09% 0.63% 3.66%
Cost Of Revenue $301.1M $258.6M $274.8M
YoY Change -2.81% -5.9% 4.33%
Gross Profit $143.5M $106.2M $87.70M
YoY Change 6.14% 21.09% 3.06%
Gross Profit Margin 32.28% 29.11% 24.19%
Selling, General & Admin $89.00M $74.60M $71.60M
YoY Change 11.53% 4.19% 11.18%
% of Gross Profit 62.02% 70.24% 81.64%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $9.800M $8.100M $7.900M
YoY Change 24.05% 2.53% 25.4%
% of Gross Profit 6.83% 7.63% 9.01%
Operating Expenses $91.90M $74.60M $71.60M
YoY Change 13.04% 4.19% 11.18%
Operating Profit $51.60M $27.60M $13.40M
YoY Change -4.27% 105.97% -54.88%
Interest Expense -$4.900M $5.000M $5.900M
YoY Change -15.52% -15.25% 37.21%
% of Operating Profit -9.5% 18.12% 44.03%
Other Income/Expense, Net -$15.00M $0.00 $0.00
YoY Change 30.43% -100.0%
Pretax Income $30.50M $24.00M $8.500M
YoY Change -11.59% 182.35% -68.28%
Income Tax $2.000M $2.800M $1.700M
% Of Pretax Income 6.56% 11.67% 20.0%
Net Earnings $25.40M $21.50M $6.600M
YoY Change -35.2% 225.76% -70.4%
Net Earnings / Revenue 5.71% 5.89% 1.82%
Basic Earnings Per Share $0.70 $0.49 $0.15
Diluted Earnings Per Share $0.68 $0.48 $0.15
COMMON SHARES
Basic Shares Outstanding 44.15M shares 44.07M shares 43.08M shares
Diluted Shares Outstanding 45.18M shares 44.90M shares

Balance Sheet

Concept 2019 Q4 2019 Q3 2018 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $54.70M $49.30M $61.90M
YoY Change -20.49% -20.36% -25.87%
Cash & Equivalents $50.70M $49.30M $61.90M
Short-Term Investments
Other Short-Term Assets $93.00M $40.80M $71.30M
YoY Change 129.63% -42.78% 80.05%
Inventory $154.9M $157.7M $143.5M
Prepaid Expenses
Receivables $264.8M $246.4M $256.2M
Other Receivables $23.00M $18.00M $0.00
Total Short-Term Assets $632.1M $563.1M $623.1M
YoY Change 5.63% -9.63% 11.47%
LONG-TERM ASSETS
Property, Plant & Equipment $179.1M $177.5M $185.0M
YoY Change -2.77% -4.05% -2.01%
Goodwill $318.0M $429.4M $393.8M
YoY Change -19.37% 9.04% 14.01%
Intangibles $251.7M $230.9M $200.3M
YoY Change 26.86% 15.28% 70.18%
Long-Term Investments
YoY Change
Other Assets $605.5M $641.7M $671.3M
YoY Change -7.94% -4.41% -0.55%
Total Long-Term Assets $1.536B $1.499B $1.483B
YoY Change 5.25% 1.08% 7.97%
TOTAL ASSETS
Total Short-Term Assets $632.1M $563.1M $623.1M
Total Long-Term Assets $1.536B $1.499B $1.483B
Total Assets $2.168B $2.062B $2.106B
YoY Change 5.36% -2.09% 8.98%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $141.2M $132.5M $141.2M
YoY Change -8.07% -6.16% -1.47%
Accrued Expenses $219.6M $188.2M $186.4M
YoY Change 19.54% 0.97% -34.44%
Deferred Revenue $100.5M $85.60M $75.30M
YoY Change 26.42% 13.68%
Short-Term Debt $142.6M $40.60M $113.1M
YoY Change 347.02% -64.1% 190.0%
Long-Term Debt Due $1.000M $18.50M $9.300M
YoY Change -94.44% 98.92% -48.33%
Total Short-Term Liabilities $608.6M $466.8M $527.0M
YoY Change 29.43% -11.42% 8.44%
LONG-TERM LIABILITIES
Long-Term Debt $249.9M $323.8M $340.6M
YoY Change -24.71% -4.93% 7.99%
Other Long-Term Liabilities $747.1M $778.1M $835.7M
YoY Change -8.59% -6.89% -0.65%
Total Long-Term Liabilities $1.024B $1.134B $1.210B
YoY Change -12.7% -6.23% 1.5%
TOTAL LIABILITIES
Total Short-Term Liabilities $608.6M $466.8M $527.0M
Total Long-Term Liabilities $1.024B $1.134B $1.210B
Total Liabilities $1.632B $1.601B $1.737B
YoY Change -0.64% -7.81% 3.51%
SHAREHOLDERS EQUITY
Retained Earnings -$584.8M -$610.2M -$701.3M
YoY Change -10.04% -12.99% -12.44%
Common Stock $1.302B $1.291B $1.310B
YoY Change 0.54% -1.45% 0.34%
Preferred Stock
YoY Change
Treasury Stock (at cost) $460.0M $460.1M $490.2M
YoY Change -3.32% -6.14% -2.66%
Treasury Stock Shares 7.815M shares 7.816M shares 8.316M shares
Shareholders Equity $502.4M $461.3M $369.7M
YoY Change
Total Liabilities & Shareholders Equity $2.135B $2.062B $2.106B
YoY Change 3.74% -2.09% 8.98%

Cashflow Statement

Concept 2019 Q4 2019 Q3 2018 Q3
OPERATING ACTIVITIES
Net Income $25.40M $21.50M $6.600M
YoY Change -35.2% 225.76% -70.4%
Depreciation, Depletion And Amortization $9.800M $8.100M $7.900M
YoY Change 24.05% 2.53% 25.4%
Cash From Operating Activities $78.80M $43.30M $8.600M
YoY Change -19.01% 403.49% -150.29%
INVESTING ACTIVITIES
Capital Expenditures -$7.100M -$4.500M -$2.600M
YoY Change 61.36% 73.08% 0.0%
Acquisitions
YoY Change
Other Investing Activities -$59.90M -$6.700M $900.0K
YoY Change -7587.5% -844.44%
Cash From Investing Activities -$67.00M -$11.20M -$1.700M
YoY Change 1761.11% 558.82% -34.62%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -6.400M -18.40M -11.10M
YoY Change -92.56% 65.77% -186.05%
NET CHANGE
Cash From Operating Activities 78.80M 43.30M 8.600M
Cash From Investing Activities -67.00M -11.20M -1.700M
Cash From Financing Activities -6.400M -18.40M -11.10M
Net Change In Cash 5.400M 13.70M -4.200M
YoY Change -29.87% -426.19% -38.24%
FREE CASH FLOW
Cash From Operating Activities $78.80M $43.30M $8.600M
Capital Expenditures -$7.100M -$4.500M -$2.600M
Free Cash Flow $85.90M $47.80M $11.20M
YoY Change -15.54% 326.79% -177.24%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2019
dei Entity Central Index Key
EntityCentralIndexKey
0000088205
spxc Lease Measurement Input Term
LeaseMeasurementInputTerm
P5Y
CY2018Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
51528778 shares
CY2019Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
51940314 shares
CY2018Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
43450305 shares
CY2019Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
44124375 shares
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
7700000 USD
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
7700000 USD
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
7700000 USD
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
7700000 USD
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
7700000 USD
CY2018Q4 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
18900000 USD
CY2019Q3 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
18000000 USD
CY2019Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.038
CY2019Q3 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P1Y
CY2019Q3 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P1Y
CY2019Q3 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
CY2018Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
8078473 shares
CY2019Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
7815939 shares
dei Document Type
DocumentType
10-Q
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
38-1016240
dei Entity Address Address Line1
EntityAddressAddressLine1
13320-A Ballantyne Corporate Place
dei Entity Address City Or Town
EntityAddressCityOrTown
Charlotte
CY2019Q3 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
258600000 USD
CY2018Q3 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
274800000 USD
dei Entity Address State Or Province
EntityAddressStateOrProvince
NC
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
28277
dei City Area Code
CityAreaCode
980
dei Local Phone Number
LocalPhoneNumber
474-3700
dei Security12b Title
Security12bTitle
Common Stock, par value $0.01
dei Trading Symbol
TradingSymbol
SPXC
dei Security Exchange Name
SecurityExchangeName
NYSE
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Small Business
EntitySmallBusiness
false
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2019-09-28
dei Entity Shell Company
EntityShellCompany
false
dei Document Transition Report
DocumentTransitionReport
false
CY2019Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
44145177 shares
dei Entity File Number
EntityFileNumber
1-6948
dei Entity Registrant Name
EntityRegistrantName
SPX CORP
CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
364800000 USD
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
CY2018Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
362500000 USD
CY2019Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2800000 USD
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
783200000 USD
CY2018Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1700000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
11500000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1080800000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1093600000 USD
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
818100000 USD
CY2019Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
74600000 USD
CY2018Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
71600000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
229500000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
212800000 USD
CY2019Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2000000.0 USD
CY2018Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1700000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
6000000.0 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2700000 USD
CY2019Q3 spxc Special Charges
SpecialCharges
2000000.0 USD
CY2018Q3 spxc Special Charges
SpecialCharges
1000000.0 USD
spxc Special Charges
SpecialCharges
3400000 USD
spxc Special Charges
SpecialCharges
4600000 USD
CY2019Q3 us-gaap Other Expenses
OtherExpenses
0 USD
CY2018Q3 us-gaap Other Expenses
OtherExpenses
0 USD
us-gaap Other Expenses
OtherExpenses
1800000 USD
us-gaap Other Expenses
OtherExpenses
0 USD
CY2019Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
27600000 USD
CY2018Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
13400000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
56900000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
55400000 USD
CY2019Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1000000.0 USD
CY2018Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
700000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
10100000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
3900000 USD
CY2019Q3 us-gaap Interest Expense
InterestExpense
5000000.0 USD
CY2018Q3 us-gaap Interest Expense
InterestExpense
5900000 USD
us-gaap Interest Expense
InterestExpense
15600000 USD
us-gaap Interest Expense
InterestExpense
15300000 USD
CY2019Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
400000 USD
CY2018Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
300000 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
1300000 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
1100000 USD
CY2019Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
24000000.0 USD
CY2018Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
8500000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
52700000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
6200000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
45100000 USD
CY2019Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
21200000 USD
CY2018Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
6800000 USD
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
41200000 USD
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
38900000 USD
CY2019Q3 us-gaap Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Net Of Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax
0 USD
CY2018Q3 us-gaap Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Net Of Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax
0 USD
us-gaap Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Net Of Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax
0 USD
us-gaap Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Net Of Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax
0 USD
CY2019Q3 us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
300000 USD
CY2018Q3 us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
-200000 USD
us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
-1300000 USD
us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
3100000 USD
CY2019Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
300000 USD
CY2018Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-200000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-1300000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
3100000 USD
CY2019Q3 us-gaap Profit Loss
ProfitLoss
21500000 USD
CY2018Q3 us-gaap Profit Loss
ProfitLoss
6600000 USD
us-gaap Profit Loss
ProfitLoss
39900000 USD
us-gaap Profit Loss
ProfitLoss
42000000.0 USD
CY2019Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.48
CY2018Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.16
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.94
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.91
CY2019Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.01
CY2018Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.01
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.03
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.07
CY2019Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.49
CY2018Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.15
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.91
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.98
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
44072000.000 shares
CY2018Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
43080000.000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
43870000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
42948000 shares
CY2019Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.47
CY2018Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.15
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.92
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.87
CY2019Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.01
CY2018Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.03
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.07
CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.48
CY2018Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.15
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.89
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.94
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
45176000 shares
CY2018Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
44904000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
44861000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
44648000 shares
CY2019Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
18700000 USD
CY2018Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
5600000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
34900000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
42400000 USD
CY2019Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
49300000 USD
CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
68800000 USD
CY2019Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
246400000 USD
CY2018Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
269100000 USD
CY2019Q3 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
68900000 USD
CY2018Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
91200000 USD
CY2019Q3 us-gaap Inventory Net
InventoryNet
157700000 USD
CY2018Q4 us-gaap Inventory Net
InventoryNet
128800000 USD
CY2019Q3 us-gaap Other Assets Current
OtherAssetsCurrent
40800000 USD
CY2018Q4 us-gaap Other Assets Current
OtherAssetsCurrent
40500000 USD
CY2019Q3 us-gaap Assets Current
AssetsCurrent
563100000 USD
CY2018Q4 us-gaap Assets Current
AssetsCurrent
598400000 USD
CY2019Q3 us-gaap Land
Land
18700000 USD
CY2018Q4 us-gaap Land
Land
19400000 USD
CY2019Q3 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
119800000 USD
CY2018Q4 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
125200000 USD
CY2019Q3 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
337900000 USD
CY2018Q4 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
334100000 USD
CY2019Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
476400000 USD
CY2018Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
478700000 USD
CY2019Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
298900000 USD
CY2018Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
294500000 USD
CY2019Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
177500000 USD
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
184200000 USD
CY2019Q3 us-gaap Goodwill
Goodwill
429400000 USD
CY2018Q4 us-gaap Goodwill
Goodwill
394400000 USD
CY2019Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
230900000 USD
CY2018Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
198400000 USD
CY2019Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
641700000 USD
CY2018Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
657700000 USD
CY2019Q3 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
19800000 USD
CY2019Q3 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
1400000 USD
CY2018Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
3500000 USD
CY2018Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
183700000 USD
CY2018Q4 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
24400000 USD
CY2019Q3 us-gaap Assets
Assets
2062400000 USD
CY2018Q4 us-gaap Assets
Assets
2057500000 USD
CY2019Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
132500000 USD
CY2018Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
153600000 USD
CY2019Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
85600000 USD
CY2018Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
79500000 USD
CY2019Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
188200000 USD
CY2019Q3 us-gaap Short Term Borrowings
ShortTermBorrowings
40600000 USD
CY2018Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
31900000 USD
CY2019Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
18500000 USD
CY2018Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
18000000.0 USD
CY2019Q3 us-gaap Liabilities Current
LiabilitiesCurrent
466800000 USD
CY2018Q4 us-gaap Liabilities Current
LiabilitiesCurrent
470200000 USD
CY2019Q3 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
323800000 USD
CY2018Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
331900000 USD
CY2019Q3 us-gaap Deferred Income Taxes And Other Tax Liabilities Noncurrent
DeferredIncomeTaxesAndOtherTaxLiabilitiesNoncurrent
32400000 USD
CY2018Q4 us-gaap Deferred Income Taxes And Other Tax Liabilities Noncurrent
DeferredIncomeTaxesAndOtherTaxLiabilitiesNoncurrent
23200000 USD
CY2019Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
778100000 USD
CY2018Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
817300000 USD
CY2019Q3 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
1134300000 USD
CY2018Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
1172400000 USD
CY2019Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2018Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2019Q3 us-gaap Common Stock Value Outstanding
CommonStockValueOutstanding
500000 USD
CY2018Q4 us-gaap Common Stock Value Outstanding
CommonStockValueOutstanding
500000 USD
CY2019Q3 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
1291200000 USD
CY2018Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
1295400000 USD
CY2019Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-610200000 USD
CY2018Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-650100000 USD
CY2019Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
239900000 USD
CY2018Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
244900000 USD
CY2019Q3 us-gaap Treasury Stock Value
TreasuryStockValue
460100000 USD
CY2018Q4 us-gaap Treasury Stock Value
TreasuryStockValue
475800000 USD
CY2019Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
461300000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
414900000 USD
CY2019Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2062400000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-1300000 USD
CY2018Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2057500000 USD
us-gaap Profit Loss
ProfitLoss
39900000 USD
us-gaap Profit Loss
ProfitLoss
42000000.0 USD
us-gaap Increase Decrease In Accounts Receivable And Other Operating Assets
IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
-19900000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
3100000 USD
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
41200000 USD
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
38900000 USD
spxc Special Charges
SpecialCharges
3400000 USD
spxc Special Charges
SpecialCharges
4600000 USD
us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
7900000 USD
us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
0 USD
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
8300000 USD
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
6600000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
24700000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
21300000 USD
us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
7600000 USD
us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
5100000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
10100000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
12400000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-1200000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-1500000 USD
us-gaap Increase Decrease In Accounts Receivable And Other Operating Assets
IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
-94600000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
18500000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
6200000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-88200000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-86700000 USD
us-gaap Payments For Restructuring
PaymentsForRestructuring
3200000 USD
us-gaap Payments For Restructuring
PaymentsForRestructuring
2400000 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
73300000 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
15000000.0 USD
us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
-3500000 USD
us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
-1700000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
69800000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
13300000 USD
us-gaap Proceeds From Life Insurance Policies
ProceedsFromLifeInsurancePolicies
5900000 USD
us-gaap Proceeds From Life Insurance Policies
ProceedsFromLifeInsurancePolicies
200000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
87200000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
182600000 USD
spxc Proceeds From Sale Of Assets
ProceedsFromSaleOfAssets
5500000 USD
spxc Proceeds From Sale Of Assets
ProceedsFromSaleOfAssets
9500000 USD
us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
200000 USD
us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
-300000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
10700000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
8000000.0 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-86700000 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-180600000 USD
us-gaap Cash Provided By Used In Investing Activities Discontinued Operations
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
0 USD
us-gaap Cash Provided By Used In Investing Activities Discontinued Operations
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
3600000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-86700000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-177000000.0 USD
spxc Borrowings Under Senior Credit Facilities
BorrowingsUnderSeniorCreditFacilities
132400000 USD
spxc Borrowings Under Senior Credit Facilities
BorrowingsUnderSeniorCreditFacilities
157400000 USD
spxc Repayments Under Senior Credit Facilities
RepaymentsUnderSeniorCreditFacilities
127600000 USD
spxc Repayments Under Senior Credit Facilities
RepaymentsUnderSeniorCreditFacilities
76600000 USD
spxc Borrowing Under Trade Receivables Agreement
BorrowingUnderTradeReceivablesAgreement
55000000.0 USD
spxc Borrowing Under Trade Receivables Agreement
BorrowingUnderTradeReceivablesAgreement
60000000.0 USD
spxc Repayments Under Trade Receivables Agreement
RepaymentsUnderTradeReceivablesAgreement
64000000.0 USD
spxc Repayments Under Trade Receivables Agreement
RepaymentsUnderTradeReceivablesAgreement
33000000.0 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
3700000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-2000000.0 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
4200000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
3000000.0 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-4700000 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
102800000 USD
us-gaap Cash Provided By Used In Financing Activities Discontinued Operations
CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations
0 USD
us-gaap Cash Provided By Used In Financing Activities Discontinued Operations
CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations
0 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-4700000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
102800000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
2100000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-1500000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-19500000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-62400000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
68800000 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
124300000 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
49300000 USD
CY2018Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
61900000 USD
CY2018Q3 us-gaap Severance Costs1
SeveranceCosts1
800000 USD
us-gaap Use Of Estimates
UseOfEstimates
<div style="line-height:120%;padding-bottom:13px;text-align:justify;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Preparing financial statements requires us to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses. Actual results could differ from these estimates. The unaudited information included in this Quarterly Report on Form 10-Q should be read in conjunction with the consolidated financial statements contained in our Annual Report on Form 10-K for the year ended December 31, 2018. Interim results are not necessarily indicative of full year results. We have reclassified certain prior year amounts to conform to the current year presentation, including amounts related to the change in the segment reporting structure previously discussed. Unless otherwise indicated, amounts provided in these Notes pertain to continuing operations only. See Note 3 for information on discontinued operations.</span></div>
us-gaap Fiscal Period
FiscalPeriod
<div style="line-height:120%;padding-bottom:13px;text-align:justify;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">We establish actual interim closing dates using a fiscal calendar, which requires our businesses to close their books on the Saturday closest to the end of the first calendar quarter, with the second and third quarters being </span><span style="font-family:inherit;font-size:10pt;"><span>91</span></span><span style="font-family:inherit;font-size:10pt;"> days in length. Our fourth quarter ends on December 31. The interim closing dates for the first, second and third quarters of 2019 are March 30, June 29 and September 28, compared to the respective March 31, June 30 and September 29, 2018 dates. We had one less day in the first quarter of 2019 and will have one more day in the fourth quarter of 2019 than in the respective 2018 periods. We do not believe the one less day during the first quarter of 2019 had a material impact on our consolidated operating results for the first nine months of 2019, when compared to the consolidated operating results for the first nine months of 2018.</span></div>
spxc Number Of Days In Second And Third Quarter
NumberOfDaysInSecondAndThirdQuarter
P91D
CY2018Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
657700000 USD
CY2019Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
685400000 USD
CY2018Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
183700000 USD
CY2019Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
191600000 USD
CY2018Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
817300000 USD
CY2019Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
837100000 USD
CY2019Q3 us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
400000 USD
CY2018Q3 us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
-300000 USD
us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
200000 USD
us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
5300000 USD
CY2019Q3 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
100000 USD
CY2018Q3 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
-100000 USD
us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
1500000 USD
us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
2200000 USD
CY2019Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
300000 USD
CY2018Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-200000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-1300000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
3100000 USD
CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
364800000 USD
CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
364800000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1080800000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1080800000 USD
CY2018Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
362500000 USD
CY2018Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
362500000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1093600000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1093600000 USD
CY2019Q3 us-gaap Accounts Receivable Net
AccountsReceivableNet
241800000 USD
CY2018Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
263900000 USD
spxc Increase Decreasein Accounts Receivable Net
IncreaseDecreaseinAccountsReceivableNet
-22100000 USD
CY2019Q3 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
68900000 USD
CY2018Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
91200000 USD
spxc Increase Decreasein Contractwith Customer Asset Net Current
IncreaseDecreaseinContractwithCustomerAssetNetCurrent
-22300000 USD
CY2019Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
85600000 USD
CY2018Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
79500000 USD
spxc Increase Decreasein Contractwith Customer Liability Current
IncreaseDecreaseinContractwithCustomerLiabilityCurrent
-6100000 USD
CY2019Q3 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
2400000 USD
CY2018Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
2100000 USD
spxc Increase Decreasein Contractwith Customer Liability Noncurrent
IncreaseDecreaseinContractwithCustomerLiabilityNoncurrent
-300000 USD
CY2019Q3 spxc Contractwith Customers Net
ContractwithCustomersNet
222700000 USD
CY2018Q4 spxc Contractwith Customers Net
ContractwithCustomersNet
273500000 USD
spxc Increase Decreasein Contractwith Customers Net
IncreaseDecreaseinContractwithCustomersNet
-50800000 USD
spxc Increase Decreasein Contractwith Customers Net
IncreaseDecreaseinContractwithCustomersNet
-50800000 USD
CY2019Q3 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
10200000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
54500000 USD
CY2019Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
86200000 USD
CY2019Q3 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.60
CY2019Q3 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.76
spxc Lessee Lease Termination Period
LesseeLeaseTerminationPeriod
P1Y
CY2019Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
3400000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
10000000.0 USD
CY2019Q3 us-gaap Variable Lease Cost
VariableLeaseCost
0 USD
us-gaap Variable Lease Cost
VariableLeaseCost
100000 USD
CY2019Q3 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
300000 USD
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
900000 USD
CY2019Q3 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
0 USD
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
100000 USD
CY2019Q3 spxc Finance Lease Cost
FinanceLeaseCost
300000 USD
spxc Finance Lease Cost
FinanceLeaseCost
1000000.0 USD
CY2019Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
1100000 USD
us-gaap Short Term Lease Cost
ShortTermLeaseCost
3000000.0 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
7000000.0 USD
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
100000 USD
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
900000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
3200000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
800000 USD
CY2019Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
24500000 USD
CY2019Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
8000000.0 USD
CY2019Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
18200000 USD
CY2019Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
26200000 USD
CY2019Q3 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
2400000 USD
CY2019Q3 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
1000000.0 USD
CY2019Q3 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
1600000 USD
CY2019Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
2600000 USD
CY2019Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y1M6D
CY2019Q3 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P3Y2M12D
CY2019Q3 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.038
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Rolling Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextRollingTwelveMonths
8800000 USD
CY2019Q3 us-gaap Finance Lease Liability Payments Due In Next Rolling Twelve Months
FinanceLeaseLiabilityPaymentsDueInNextRollingTwelveMonths
1000000.0 USD
CY2019Q3 spxc Lease Liability Payments Due In Next Rolling Twelve Months
LeaseLiabilityPaymentsDueInNextRollingTwelveMonths
9800000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Two
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearTwo
5700000 USD
CY2019Q3 us-gaap Finance Lease Liability Payments Due In Rolling Year Two
FinanceLeaseLiabilityPaymentsDueInRollingYearTwo
800000 USD
CY2019Q3 spxc Lease Liability Payments Due In Rolling Year Two
LeaseLiabilityPaymentsDueInRollingYearTwo
6500000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Three
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearThree
4600000 USD
CY2019Q3 us-gaap Finance Lease Liability Payments Due In Rolling Year Three
FinanceLeaseLiabilityPaymentsDueInRollingYearThree
500000 USD
CY2019Q3 spxc Lease Liability Payments Due In Rolling Year Three
LeaseLiabilityPaymentsDueInRollingYearThree
5100000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Four
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFour
4200000 USD
CY2019Q3 us-gaap Finance Lease Liability Payments Due In Rolling Year Four
FinanceLeaseLiabilityPaymentsDueInRollingYearFour
300000 USD
CY2019Q3 spxc Lease Liability Payments Due In Rolling Year Four
LeaseLiabilityPaymentsDueInRollingYearFour
4500000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Five
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFive
3900000 USD
CY2019Q3 us-gaap Finance Lease Liability Payments Due In Rolling Year Five
FinanceLeaseLiabilityPaymentsDueInRollingYearFive
100000 USD
CY2019Q3 spxc Lease Liability Payments Due In Rolling Year Five
LeaseLiabilityPaymentsDueInRollingYearFive
4000000.0 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due After Rolling Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterRollingYearFive
1800000 USD
CY2019Q3 spxc Lease Liability Payments Due In Rolling After Year Five
LeaseLiabilityPaymentsDueInRollingAfterYearFive
1800000 USD
CY2019Q3 us-gaap Finance Lease Liability Payments Due In Rolling After Year Five
FinanceLeaseLiabilityPaymentsDueInRollingAfterYearFive
0 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
29000000.0 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
3400000 USD
CY2019Q3 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
2700000 USD
CY2019Q3 spxc Lease Liability Payments Due
LeaseLiabilityPaymentsDue
31700000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
2800000 USD
CY2019Q3 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
100000 USD
CY2019Q3 spxc Lease Liability Undiscounted Excess Amount
LeaseLiabilityUndiscountedExcessAmount
2900000 USD
CY2019Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
26200000 USD
CY2019Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
2600000 USD
CY2019Q3 spxc Lease Liability
LeaseLiability
28800000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
9100000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
7300000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
4500000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
3800000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
3100000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
31200000 USD
CY2019Q3 us-gaap Number Of Countries In Which Entity Operates
NumberOfCountriesInWhichEntityOperates
17 country
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
364800000 USD
CY2018Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
362500000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1080800000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1093600000 USD
CY2019Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
27600000 USD
CY2018Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
13400000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
56900000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
55400000 USD
CY2019Q3 spxc Special Charges
SpecialCharges
2000000.0 USD
CY2018Q3 spxc Special Charges
SpecialCharges
1000000.0 USD
spxc Special Charges
SpecialCharges
3400000 USD
spxc Special Charges
SpecialCharges
4600000 USD
CY2018Q4 spxc Restructuring And Integration Reserves
RestructuringAndIntegrationReserves
2700000 USD
CY2017Q4 spxc Restructuring And Integration Reserves
RestructuringAndIntegrationReserves
600000 USD
spxc Restructuring And Integration Reserves Period Expense
RestructuringAndIntegrationReservesPeriodExpense
2600000 USD
spxc Restructuring And Integration Reserves Period Expense
RestructuringAndIntegrationReservesPeriodExpense
4000000.0 USD
us-gaap Payments For Restructuring
PaymentsForRestructuring
3200000 USD
us-gaap Payments For Restructuring
PaymentsForRestructuring
2400000 USD
CY2019Q3 spxc Restructuring And Integration Reserves
RestructuringAndIntegrationReserves
2100000 USD
CY2018Q3 spxc Restructuring And Integration Reserves
RestructuringAndIntegrationReserves
2200000 USD
spxc Special Charges Non Cash
SpecialChargesNonCash
800000 USD
spxc Special Charges Non Cash
SpecialChargesNonCash
600000 USD
CY2019Q3 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
62200000 USD
CY2018Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
49800000 USD
CY2019Q3 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
22100000 USD
CY2018Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
16200000 USD
CY2019Q3 us-gaap Inventory Raw Materials And Purchased Parts Net Of Reserves
InventoryRawMaterialsAndPurchasedPartsNetOfReserves
87100000 USD
CY2018Q4 us-gaap Inventory Raw Materials And Purchased Parts Net Of Reserves
InventoryRawMaterialsAndPurchasedPartsNetOfReserves
74900000 USD
CY2019Q3 us-gaap Fifo Inventory Amount
FIFOInventoryAmount
171400000 USD
CY2018Q4 us-gaap Fifo Inventory Amount
FIFOInventoryAmount
140900000 USD
CY2019Q3 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
13700000 USD
CY2018Q4 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
12100000 USD
CY2019Q3 us-gaap Inventory Net
InventoryNet
157700000 USD
CY2018Q4 us-gaap Inventory Net
InventoryNet
128800000 USD
CY2019Q3 us-gaap Percentage Of Lifo Inventory
PercentageOfLIFOInventory
0.43
CY2018Q4 us-gaap Percentage Of Lifo Inventory
PercentageOfLIFOInventory
0.45
CY2018Q4 us-gaap Goodwill Gross
GoodwillGross
882900000 USD
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
38000000.0 USD
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
spxc Gross Goodwill Related To Foreign Currency Translation And Other
GrossGoodwillRelatedToForeignCurrencyTranslationAndOther
-5800000 USD
CY2019Q3 us-gaap Goodwill Gross
GoodwillGross
915100000 USD
CY2018Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
488500000 USD
spxc Accumulated Impairments Related To Foreign Currency Translation And Other
AccumulatedImpairmentsRelatedToForeignCurrencyTranslationAndOther
-2800000 USD
CY2019Q3 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
485700000 USD
CY2018Q4 us-gaap Goodwill
Goodwill
394400000 USD
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
38000000.0 USD
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
spxc Goodwill Related To Foreign Currency Translation And Other
GoodwillRelatedToForeignCurrencyTranslationAndOther
-3000000.0 USD
CY2019Q3 us-gaap Goodwill
Goodwill
429400000 USD
CY2019Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
106900000 USD
CY2019Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
22800000 USD
CY2019Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
84100000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
77700000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
17000000.0 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
60700000 USD
CY2019Q3 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
253700000 USD
CY2019Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
22800000 USD
CY2019Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
230900000 USD
CY2018Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
215400000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
17000000.0 USD
CY2018Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
198400000 USD
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
7900000 USD
CY2018Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
34000000.0 USD
CY2017Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
33900000 USD
us-gaap Product Warranty Accrual Additions From Business Acquisition
ProductWarrantyAccrualAdditionsFromBusinessAcquisition
100000 USD
us-gaap Product Warranty Accrual Additions From Business Acquisition
ProductWarrantyAccrualAdditionsFromBusinessAcquisition
1300000 USD
spxc Standardand Extended Product Warranty Accrual Impactof Initial Adoptionof606
StandardandExtendedProductWarrantyAccrualImpactofInitialAdoptionof606
0 USD
spxc Standardand Extended Product Warranty Accrual Impactof Initial Adoptionof606
StandardandExtendedProductWarrantyAccrualImpactofInitialAdoptionof606
400000 USD
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
9300000 USD
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
7600000 USD
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
9300000 USD
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
9800000 USD
us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
0 USD
us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
100000 USD
CY2019Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
34100000 USD
CY2018Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
33500000 USD
CY2019Q3 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
12100000 USD
CY2018Q3 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
14600000 USD
CY2019Q3 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
22000000.0 USD
CY2018Q3 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
18900000 USD
CY2018Q4 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
381800000 USD
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
191800000 USD
us-gaap Repayments Of Debt
RepaymentsOfDebt
192300000 USD
us-gaap Debt Instrument Increase Decrease Other Net
DebtInstrumentIncreaseDecreaseOtherNet
1600000 USD
CY2019Q3 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
382900000 USD
CY2018Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
31900000 USD
CY2019Q3 us-gaap Short Term Borrowings
ShortTermBorrowings
40600000 USD
CY2018Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
18000000.0 USD
CY2019Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
18500000 USD
CY2018Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
331900000 USD
CY2019Q3 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
323800000 USD
us-gaap Liability For Asbestos And Environmental Claims Net Payment For Claims
LiabilityForAsbestosAndEnvironmentalClaimsNetPaymentForClaims
26900000 USD
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
42948000 shares
CY2019Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1104000 shares
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
44072000.000 shares
CY2018Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
43080000.000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
43870000 shares
CY2018Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1824000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
991000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1700000 shares
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
45176000 shares
CY2018Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
44904000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
44861000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
44648000 shares
CY2019Q3 us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
-2400000 USD
CY2019Q3 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
400000 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-2800000 USD
us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
-3300000 USD
us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
1700000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-5000000.0 USD
CY2018Q3 us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
-400000 USD
CY2018Q3 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
600000 USD
CY2018Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-1000000.0 USD
us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
-2000000.0 USD
spxc Reclassificationfrom Accumulated Other Comprehensive Income Initial Adoptionof606
ReclassificationfromAccumulatedOtherComprehensiveIncomeInitialAdoptionof606
300000 USD
spxc Reclassificationfrom Accumulated Other Comprehensive Income Stranded Tax Effects Resultingfromthe Tax Cutsand Jobs Act
ReclassificationfromAccumulatedOtherComprehensiveIncomeStrandedTaxEffectsResultingfromtheTaxCutsandJobsAct
-4800000 USD
us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
2100000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
400000 USD
CY2019Q3 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
583700000 USD
CY2019Q3 us-gaap Liability For Asbestos And Environmental Claims Gross
LiabilityForAsbestosAndEnvironmentalClaimsGross
539900000 USD
CY2018Q4 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
631700000 USD
CY2018Q4 us-gaap Liability For Asbestos And Environmental Claims Gross
LiabilityForAsbestosAndEnvironmentalClaimsGross
587500000 USD
us-gaap Insurance Recoveries
InsuranceRecoveries
39100000 USD
us-gaap Liability For Asbestos And Environmental Claims Net Payment For Claims
LiabilityForAsbestosAndEnvironmentalClaimsNetPaymentForClaims
9800000 USD
us-gaap Insurance Recoveries
InsuranceRecoveries
5300000 USD
spxc Number Of Large Power Projects
NumberOfLargePowerProjects
2 project
CY2019Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
20100000 USD
CY2019Q3 spxc Unrecognized Tax Benefits Net
UnrecognizedTaxBenefitsNet
15000000.0 USD
CY2019Q3 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
10300000 USD
CY2019Q3 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
4500000 USD
CY2019Q3 spxc Unrecognized Tax Benefits Interest On Income Taxes Accrued Net
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccruedNet
3500000 USD
CY2019Q3 us-gaap Unrecognized Tax Benefits Income Tax Penalties Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAccrued
0 USD
CY2019Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2800000 USD
CY2019Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
24000000.0 USD
CY2019Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.117
CY2018Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1700000 USD
CY2018Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
8500000 USD
CY2018Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.200
CY2019Q3 us-gaap Income Tax Reconciliation Prior Year Income Taxes
IncomeTaxReconciliationPriorYearIncomeTaxes
-1900000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
11500000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
52700000 USD
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.218
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
6200000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
45100000 USD
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.137
us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount
1700000 USD
us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
1300000 USD
us-gaap Income Tax Reconciliation Prior Year Income Taxes
IncomeTaxReconciliationPriorYearIncomeTaxes
-1900000 USD
spxc Income Tax Expense Benefit Related To Valuation Allowances
IncomeTaxExpenseBenefitRelatedToValuationAllowances
-1700000 USD
us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount
1000000.0 USD
CY2017Q4 us-gaap Equity Securities Fv Ni Cost
EquitySecuritiesFvNiCost
700000 USD
CY2018Q1 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
16600000 USD
us-gaap Equity Securities Fv Ni Realized Gain
EquitySecuritiesFvNiRealizedGain
7900000 USD
CY2019Q1 spxc Equity Securities Fvni Distributions
EquitySecuritiesFVNIDistributions
2600000 USD
CY2019Q3 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
21900000 USD

Files In Submission

Name View Source Status
0000088205-19-000044-index-headers.html Edgar Link pending
0000088205-19-000044-index.html Edgar Link pending
0000088205-19-000044.txt Edgar Link pending
0000088205-19-000044-xbrl.zip Edgar Link pending
exhibit311q32019.htm Edgar Link pending
exhibit312q32019.htm Edgar Link pending
exhibit321q32019.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R65.htm Edgar Link pending
R66.htm Edgar Link pending
R67.htm Edgar Link pending
R68.htm Edgar Link pending
R69.htm Edgar Link pending
R7.htm Edgar Link pending
R70.htm Edgar Link pending
R71.htm Edgar Link pending
R72.htm Edgar Link pending
R73.htm Edgar Link pending
R74.htm Edgar Link pending
R75.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
R9999.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
spx-20190928x10q.htm Edgar Link pending
spx-20190928x10q_htm.xml Edgar Link completed
spxc-20190928.xsd Edgar Link pending
spxc-20190928_cal.xml Edgar Link unprocessable
spxc-20190928_def.xml Edgar Link unprocessable
spxc-20190928_lab.xml Edgar Link unprocessable
spxc-20190928_pre.xml Edgar Link unprocessable