$SPXC
SPX Technologies, Inc.

2021 Q3 Form 10-Q Financial Statement

#000008820521000030 Filed on August 06, 2021

View on sec.gov

Income Statement

Concept 2021 Q3 2020 Q2 2020 Q1
Revenue $296.6M $257.3M $254.7M
YoY Change 10.75% -30.91% -25.87%
Cost Of Revenue $194.3M $169.7M $253.7M
YoY Change 10.02% -35.77% -2.57%
Gross Profit $102.3M $89.40M $90.50M
YoY Change 11.07% -17.38% 8.77%
Gross Profit Margin 34.49% 34.75% 35.53%
Selling, General & Admin $75.40M $67.40M $78.90M
YoY Change 11.37% -13.81% 2.87%
% of Gross Profit 73.7% 75.39% 87.18%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $9.000M $9.300M $9.200M
YoY Change -10.89% 9.41% 13.58%
% of Gross Profit 8.8% 10.4% 10.17%
Operating Expenses $75.40M $67.40M $78.90M
YoY Change 11.37% -13.81% 2.87%
Operating Profit $17.10M $17.50M $32.30M
YoY Change -16.18% -33.46% 976.67%
Interest Expense $3.400M $4.800M $4.700M
YoY Change -24.44% -9.43% -11.32%
% of Operating Profit 19.88% 27.43% 14.55%
Other Income/Expense, Net $6.400M $5.400M $700.0K
YoY Change 137.04% -61.11%
Pretax Income $20.10M $18.20M $28.30M
YoY Change 7.49% -22.55% 444.23%
Income Tax $2.400M $3.000M $6.000M
% Of Pretax Income 11.94% 16.48% 21.2%
Net Earnings $61.90M $27.10M $22.70M
YoY Change 171.49% 41.15% -2937.5%
Net Earnings / Revenue 20.87% 10.53% 8.91%
Basic Earnings Per Share $1.37 $0.62 $0.52
Diluted Earnings Per Share $1.33 $0.60 $0.51
COMMON SHARES
Basic Shares Outstanding 45.27M shares 44.59M shares 44.31M shares
Diluted Shares Outstanding 46.55M shares 45.65M shares 45.53M shares

Balance Sheet

Concept 2021 Q3 2020 Q2 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $69.10M $190.2M $163.1M
YoY Change -2.26% 449.71% 318.21%
Cash & Equivalents $50.30M $190.2M $163.1M
Short-Term Investments
Other Short-Term Assets $104.2M $92.20M $92.60M
YoY Change 8.2% 122.71% 110.45%
Inventory $157.7M $181.6M $175.1M
Prepaid Expenses
Receivables $212.5M $239.5M $239.6M
Other Receivables $30.10M $24.90M $22.70M
Total Short-Term Assets $901.4M $769.0M $744.0M
YoY Change 38.98% 40.97% 34.37%
LONG-TERM ASSETS
Property, Plant & Equipment $113.0M $178.1M $176.9M
YoY Change -39.77% 1.89% -0.79%
Goodwill $409.2M $451.0M $446.6M
YoY Change -16.54% 4.54% 3.86%
Intangibles $325.8M $246.5M $247.6M
YoY Change 7.7% 7.55% 6.77%
Long-Term Investments
YoY Change
Other Assets $609.4M $603.6M $592.0M
YoY Change -0.94% -9.29% -13.63%
Total Long-Term Assets $1.509B $1.487B $1.478B
YoY Change -5.76% -2.26% -4.51%
TOTAL ASSETS
Total Short-Term Assets $901.4M $769.0M $744.0M
Total Long-Term Assets $1.509B $1.487B $1.478B
Total Assets $2.411B $2.256B $2.222B
YoY Change 7.13% 9.15% 5.73%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $86.80M $137.9M $148.0M
YoY Change -35.46% 1.47% 4.08%
Accrued Expenses $230.5M $201.4M $195.0M
YoY Change 0.74% 15.42% 1.77%
Deferred Revenue $49.50M $91.10M $94.00M
YoY Change -40.58% 13.45% 18.24%
Short-Term Debt $168.3M $266.8M $260.3M
YoY Change 55.83% 348.4% 247.07%
Long-Term Debt Due $10.40M $4.100M $2.600M
YoY Change 85.71% -70.92% -81.69%
Total Short-Term Liabilities $707.6M $704.0M $702.1M
YoY Change 25.86% 50.88% 41.84%
LONG-TERM LIABILITIES
Long-Term Debt $238.0M $247.0M $248.6M
YoY Change -32.06% -24.7% -25.19%
Other Long-Term Liabilities $717.6M $727.0M $729.9M
YoY Change -1.35% -9.63% -12.81%
Total Long-Term Liabilities $974.7M $1.000B $1.005B
YoY Change -11.77% -14.06% -15.65%
TOTAL LIABILITIES
Total Short-Term Liabilities $707.6M $704.0M $702.1M
Total Long-Term Liabilities $974.7M $1.000B $1.005B
Total Liabilities $1.682B $1.704B $1.707B
YoY Change 0.92% 4.52% 1.23%
SHAREHOLDERS EQUITY
Retained Earnings -$399.8M -$535.5M -$562.6M
YoY Change -22.02% -15.23% -13.57%
Common Stock $1.321B $1.303B $1.299B
YoY Change 0.88% 1.41% 1.45%
Preferred Stock
YoY Change
Treasury Stock (at cost) $444.3M $451.6M $452.7M
YoY Change -1.62% -1.85% -1.76%
Treasury Stock Shares 7.551M shares 7.674M shares 7.692M shares
Shareholders Equity $739.5M $552.1M $515.1M
YoY Change
Total Liabilities & Shareholders Equity $2.411B $2.256B $2.222B
YoY Change 7.13% 9.15% 5.73%

Cashflow Statement

Concept 2021 Q3 2020 Q2 2020 Q1
OPERATING ACTIVITIES
Net Income $61.90M $27.10M $22.70M
YoY Change 171.49% 41.15% -2937.5%
Depreciation, Depletion And Amortization $9.000M $9.300M $9.200M
YoY Change -10.89% 9.41% 13.58%
Cash From Operating Activities $18.70M $26.70M -$400.0K
YoY Change -37.87% 67.92% -103.77%
INVESTING ACTIVITIES
Capital Expenditures -$1.600M -$5.800M -$3.600M
YoY Change -71.43% 132.0% -2.7%
Acquisitions $0.00
YoY Change -100.0%
Other Investing Activities -$82.70M $0.00 $1.100M
YoY Change -5.92% -100.0% -101.55%
Cash From Investing Activities -$84.30M -$5.800M -$2.500M
YoY Change -9.84% 625.0% -96.65%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 26.50M 6.800M $113.0M
YoY Change -147.92% -135.79% 245.57%
NET CHANGE
Cash From Operating Activities 18.70M 26.70M -$400.0K
Cash From Investing Activities -84.30M -5.800M -$2.500M
Cash From Financing Activities 26.50M 6.800M $113.0M
Net Change In Cash -39.10M 27.70M $108.4M
YoY Change -67.06% -810.26% -463.76%
FREE CASH FLOW
Cash From Operating Activities $18.70M $26.70M -$400.0K
Capital Expenditures -$1.600M -$5.800M -$3.600M
Free Cash Flow $20.30M $32.50M $3.200M
YoY Change -43.14% 76.63% -77.62%

Facts In Submission

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us-gaap Profit Loss
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spxc Special Charges
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spxc Special Charges
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us-gaap Equity Securities Fv Ni Gain Loss
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us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
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36200000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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26300000 USD
us-gaap Proceeds From Life Insurance Policies
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us-gaap Payments To Acquire Productive Assets
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us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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us-gaap Cash Provided By Used In Investing Activities Discontinued Operations
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us-gaap Net Cash Provided By Used In Investing Activities
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spxc Borrowings Under Senior Credit Facilities
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spxc Borrowings Under Senior Credit Facilities
BorrowingsUnderSeniorCreditFacilities
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spxc Repayments Under Senior Credit Facilities
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spxc Repayments Under Senior Credit Facilities
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spxc Borrowing Under Trade Receivables Agreement
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132000000.0 USD
spxc Borrowing Under Trade Receivables Agreement
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spxc Repayments Under Trade Receivables Agreement
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spxc Repayments Under Trade Receivables Agreement
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us-gaap Proceeds From Payments For Other Financing Activities
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us-gaap Payments Related To Tax Withholding For Share Based Compensation
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4200000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
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us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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119800000 USD
us-gaap Cash Provided By Used In Financing Activities Discontinued Operations
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us-gaap Cash Provided By Used In Financing Activities Discontinued Operations
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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us-gaap Use Of Estimates
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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, 2020. Interim results are not necessarily indicative of full year results.
us-gaap Fiscal Period
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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 91 days in length. Our fourth quarter ends on December 31. The interim closing dates for the first, second and third quarters of 2021 are April 3, July 3 and October 2, compared to the respective March 28, June 27 and September 26, 2020 dates. We had five more days in the first quarter of 2021 and will have six fewer days in the fourth quarter of 2021 than in the respective 2020 periods. It is not practicable to estimate the impact of the five additional days on our consolidated operating results for the six months ended July 3, 2021, when compared to the consolidated operating results for the 2020 respective period.
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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296700000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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584600000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
584600000 USD
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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258000000.0 USD
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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258000000.0 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2020Q4 us-gaap Accounts Receivable Net
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spxc Increase Decreasein Accounts Receivable Net
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spxc Increase Decreasein Contractwith Customer Liability Current
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CY2021Q3 us-gaap Contract With Customer Liability Noncurrent
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CY2020Q4 us-gaap Contract With Customer Liability Noncurrent
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CY2021Q3 spxc Contractwith Customers Net
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CY2020Q4 spxc Contractwith Customers Net
ContractwithCustomersNet
193400000 USD
spxc Increase Decreasein Contractwith Customers Net
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spxc Increase Decreasein Contractwith Customers Net
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CY2021Q3 us-gaap Contract With Customer Liability Revenue Recognized
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us-gaap Contract With Customer Liability Revenue Recognized
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38300000 USD
CY2021Q3 us-gaap Revenue Remaining Performance Obligation
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103400000 USD
CY2021Q3 us-gaap Number Of Countries In Which Entity Operates
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15 country
CY2021Q3 spxc Number Of Countries In Which Entity Sells Its Products And Services
NumberOfCountriesInWhichEntitySellsItsProductsAndServices
100 country
us-gaap Number Of Reportable Segments
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2 segment
CY2021Q3 us-gaap Operating Income Loss
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12900000 USD
CY2020Q2 us-gaap Operating Income Loss
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17500000 USD
us-gaap Operating Income Loss
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32900000 USD
us-gaap Operating Income Loss
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33600000 USD
CY2021Q3 spxc Special Charges
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700000 USD
CY2020Q2 spxc Special Charges
SpecialCharges
1000000.0 USD
spxc Special Charges
SpecialCharges
1400000 USD
spxc Special Charges
SpecialCharges
1300000 USD
CY2020Q4 spxc Restructuring And Integration Reserves
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1500000 USD
CY2019Q4 spxc Restructuring And Integration Reserves
RestructuringAndIntegrationReserves
1700000 USD
spxc Restructuring And Integration Reserves Period Expense
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1400000 USD
spxc Restructuring And Integration Reserves Period Expense
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1100000 USD
us-gaap Payments For Restructuring
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2000000.0 USD
us-gaap Payments For Restructuring
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1800000 USD
spxc Restructuring And Integration Reserves Translation And Other Adjustment
RestructuringAndIntegrationReservesTranslationAndOtherAdjustment
100000 USD
spxc Restructuring And Integration Reserves Translation And Other Adjustment
RestructuringAndIntegrationReservesTranslationAndOtherAdjustment
200000 USD
CY2021Q3 spxc Restructuring And Integration Reserves
RestructuringAndIntegrationReserves
800000 USD
CY2020Q2 spxc Restructuring And Integration Reserves
RestructuringAndIntegrationReserves
800000 USD
spxc Special Charges Non Cash
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200000 USD
CY2021Q3 us-gaap Inventory Finished Goods Net Of Reserves
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57300000 USD
CY2020Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
49400000 USD
CY2021Q3 us-gaap Inventory Work In Process Net Of Reserves
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20600000 USD
CY2020Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
21300000 USD
CY2021Q3 us-gaap Inventory Raw Materials And Purchased Parts Net Of Reserves
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92200000 USD
CY2020Q4 us-gaap Inventory Raw Materials And Purchased Parts Net Of Reserves
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84300000 USD
CY2021Q3 us-gaap Fifo Inventory Amount
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170100000 USD
CY2020Q4 us-gaap Fifo Inventory Amount
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155000000.0 USD
CY2021Q3 us-gaap Inventory Lifo Reserve
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12400000 USD
CY2020Q4 us-gaap Inventory Lifo Reserve
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11900000 USD
CY2021Q3 us-gaap Inventory Net
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157700000 USD
CY2020Q4 us-gaap Inventory Net
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143100000 USD
CY2021Q3 us-gaap Percentage Of Lifo Inventory
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0.31
CY2020Q4 us-gaap Percentage Of Lifo Inventory
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0.35
CY2020Q4 us-gaap Goodwill Gross
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843700000 USD
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
42800000 USD
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
spxc Gross Goodwill Related To Foreign Currency Translation And Other
GrossGoodwillRelatedToForeignCurrencyTranslationAndOther
-4200000 USD
CY2021Q3 us-gaap Goodwill Gross
GoodwillGross
882300000 USD
CY2020Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
475100000 USD
spxc Accumulated Impairments Related To Foreign Currency Translation And Other Adjustments
AccumulatedImpairmentsRelatedToForeignCurrencyTranslationAndOtherAdjustments
-2000000.0 USD
CY2021Q3 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
473100000 USD
CY2020Q4 us-gaap Goodwill
Goodwill
368600000 USD
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
42800000 USD
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
spxc Goodwill Related To Foreign Currency Translation And Other
GoodwillRelatedToForeignCurrencyTranslationAndOther
-2200000 USD
CY2021Q3 us-gaap Goodwill
Goodwill
409200000 USD
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201300000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
50500000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
150800000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
181100000 USD
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FiniteLivedIntangibleAssetsAccumulatedAmortization
40000000.0 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
141100000 USD
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376300000 USD
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FiniteLivedIntangibleAssetsAccumulatedAmortization
50500000 USD
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325800000 USD
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345000000.0 USD
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40000000.0 USD
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305000000.0 USD
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17000000.0 USD
CY2020Q4 us-gaap Product Warranty Accrual
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35300000 USD
CY2019Q4 us-gaap Product Warranty Accrual
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31800000 USD
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0 USD
us-gaap Product Warranty Accrual Additions From Business Acquisition
ProductWarrantyAccrualAdditionsFromBusinessAcquisition
1400000 USD
us-gaap Product Warranty Accrual Warranties Issued
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5500000 USD
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
4500000 USD
us-gaap Product Warranty Accrual Payments
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5200000 USD
us-gaap Product Warranty Accrual Payments
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5600000 USD
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0 USD
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11700000 USD
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-100000 USD
CY2020Q2 us-gaap Product Warranty Accrual Classified Current
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11800000 USD
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23900000 USD
CY2020Q2 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
20400000 USD
CY2021Q3 us-gaap Product Warranty Accrual
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35600000 USD
CY2020Q2 us-gaap Product Warranty Accrual
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32200000 USD
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412400000 USD
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234500000 USD
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229400000 USD
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416700000 USD
CY2020Q4 us-gaap Short Term Borrowings
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101200000 USD
CY2021Q3 us-gaap Short Term Borrowings
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CY2020Q4 us-gaap Long Term Debt Current
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CY2021Q3 us-gaap Long Term Debt Current
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10400000 USD
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304000000.0 USD
CY2021Q3 us-gaap Long Term Debt And Capital Lease Obligations
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238000000.0 USD
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45271000 shares
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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45201000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
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44452000 shares
CY2021Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1274000 shares
CY2020Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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1058000.000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1207000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1168000 shares
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46545000 shares
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
45648000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
46408000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
45620000 shares
CY2021Q3 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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600000 USD
CY2020Q2 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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800000 USD
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
1000000.0 USD
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
1600000 USD
CY2021Q3 us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
1100000 USD
CY2021Q3 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
1700000 USD
CY2021Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-600000 USD
us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
5000000.0 USD
us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
2900000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
2100000 USD
CY2020Q2 us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
3400000 USD
CY2020Q2 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
-500000 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
3900000 USD
us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
-9000000.0 USD
us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
0 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-9000000.0 USD
CY2021Q3 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
551100000 USD
CY2020Q4 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
575700000 USD
CY2021Q2 us-gaap Liability For Asbestos And Environmental Claims Gross
LiabilityForAsbestosAndEnvironmentalClaimsGross
512700000 USD
CY2020Q4 us-gaap Liability For Asbestos And Environmental Claims Gross
LiabilityForAsbestosAndEnvironmentalClaimsGross
535200000 USD
us-gaap Insurance Recoveries
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15300000 USD
us-gaap Insurance Recoveries
InsuranceRecoveries
16300000 USD
us-gaap Liability For Asbestos And Environmental Claims Net Payment For Claims
LiabilityForAsbestosAndEnvironmentalClaimsNetPaymentForClaims
8100000 USD
us-gaap Liability For Asbestos And Environmental Claims Net Payment For Claims
LiabilityForAsbestosAndEnvironmentalClaimsNetPaymentForClaims
11800000 USD
CY2020Q3 spxc Number Of Disputes
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9 dispute
CY2021Q3 us-gaap Unrecognized Tax Benefits
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7300000 USD
CY2021Q3 spxc Unrecognized Tax Benefits Net
UnrecognizedTaxBenefitsNet
6400000 USD
CY2021Q3 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
3000000.0 USD
CY2021Q3 spxc Unrecognized Tax Benefits Interest On Income Taxes Accrued Net
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccruedNet
2400000 USD
CY2021Q3 us-gaap Unrecognized Tax Benefits Income Tax Penalties Accrued
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0 USD
CY2021Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2000000.0 USD
CY2021Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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16700000 USD
CY2021Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.120
CY2020Q2 us-gaap Income Tax Expense Benefit
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3000000.0 USD
CY2020Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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18200000 USD
CY2020Q2 us-gaap Effective Income Tax Rate Continuing Operations
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0.165
CY2021Q3 spxc Effective Income Tax Rate Reconciliation Tax Expense Benefit Statute Expiration
EffectiveIncomeTaxRateReconciliationTaxExpenseBenefitStatuteExpiration
-2200000 USD
spxc Effective Income Tax Rate Reconciliation Tax Expense Benefit Statute Expiration
EffectiveIncomeTaxRateReconciliationTaxExpenseBenefitStatuteExpiration
-500000 USD
CY2021Q3 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
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-300000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
6100000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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39800000 USD
us-gaap Effective Income Tax Rate Continuing Operations
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0.153
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5300000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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30000000.0 USD
us-gaap Effective Income Tax Rate Continuing Operations
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0.177
CY2021Q3 spxc Effective Income Tax Rate Reconciliation Tax Expense Benefit Statute Expiration
EffectiveIncomeTaxRateReconciliationTaxExpenseBenefitStatuteExpiration
-2200000 USD
us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
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-1000000.0 USD
us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
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-1500000 USD
spxc Effective Income Tax Rate Reconciliation Tax Expense Benefit Statute Expiration
EffectiveIncomeTaxRateReconciliationTaxExpenseBenefitStatuteExpiration
-500000 USD
CY2021Q3 spxc Effective Income Tax Rate Reconciliation Tax Expense Benefit Statute Expiration
EffectiveIncomeTaxRateReconciliationTaxExpenseBenefitStatuteExpiration
-2200000 USD
CY2021Q3 us-gaap Equity Securities Fv Ni Realized Gain
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2200000 USD
CY2020Q2 us-gaap Equity Securities Fv Ni Realized Gain
EquitySecuritiesFvNiRealizedGain
5300000 USD
us-gaap Equity Securities Fv Ni Realized Gain
EquitySecuritiesFvNiRealizedGain
7400000 USD
us-gaap Equity Securities Fv Ni Realized Gain
EquitySecuritiesFvNiRealizedGain
5300000 USD
CY2021Q3 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
34400000 USD
CY2020Q4 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
27000000.0 USD

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