XML 45 R29.htm IDEA: XBRL DOCUMENT
v3.7.0.1

Acquisitions (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2017
Business Acquisition [Line Items] |
Business Acquisition, Pro Forma Information | The following unaudited pro forma financial information presents the combined results of operations of Tennant Company as if the acquisition of IPC Group had occurred as of January 1, 2017 and 2016. The unaudited pro forma financial information is presented for informational purposes only. It is not necessarily indicative of what our consolidated results of operations actually would have been had the acquisition occurred at the beginning of each year, nor does it attempt to project the future results of operations of the combined company.
Pro Forma Financial Information (Unaudited)
| Three Months Ended |  | Six Months Ended
(In thousands, except per share data) | June 30 |  | June 30
| 2017 |  | 2016 |  | 2017 |  | 2016
Net Sales |  |  |  |  |  |  |
Pro forma | $ | 270,791 |  |  | $ | 269,689 |  |  | $ | 517,163 |  |  | $ | 497,896 |
As reported | 270,791 |  |  | 216,828 |  |  | 461,850 |  |  | 396,692 |
Net Earnings (Loss) Attributable to Tennant Company |  |  |  |  |  |  |
Pro forma | $ | 10,308 |  |  | $ | 13,577 |  |  | $ | 10,260 |  |  | $ | 15,889 |
As reported | (2,591 | ) |  | 15,328 |  |  | (6,548 | ) |  | 19,767 |
Net Earnings (Loss) Attributable to Tennant Company per Share |  |  |  |  |  |  |
Pro forma | $ | 0.58 |  |  | $ | 0.76 |  |  | $ | 0.58 |  |  | $ | 0.88 |
As reported | (0.15 | ) |  | 0.85 |  |  | (0.37 | ) |  | 1.10 |
IPC Group |
Business Acquisition [Line Items] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The following table summarizes the preliminary fair value measurement of the assets acquired and liabilities assumed as of the date of acquisition:
ASSETS |  |
Restricted Cash |  | 538 |
Receivables |  | 40,067 |
Inventories |  | 54,222 |
Other Current Assets |  | 4,362 |
Assets Held for Sale |  | 2,247 |
Property, Plant and Equipment |  | 62,845 |
Intangible Assets Subject to Amortization: |  |
Trade Name |  | 29,963 |
Customer Lists |  | 115,571 |
Noncompete Agreements |  | 3,210 |
Other Assets |  | 4,168 |
Total Identifiable Assets Acquired |  | 317,193 |
LIABILITIES |  |
Accounts Payable |  | 31,529 |
Accrued Expenses |  | 15,756 |
Deferred Income Taxes |  | 58,573 |
Other Liabilities |  | 6,967 |
Total Identifiable Liabilities Assumed |  | 112,825 |
Net Identifiable Assets Acquired |  | 204,368 |
Noncontrolling Interest |  | (3,312 | )
Goodwill |  | 152,713 |
Total Estimated Purchase Price, net of Cash Acquired |  | $ | 353,769 |
Florock and Dofesa |
Business Acquisition [Line Items] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The preliminary components of the purchase price of the business combinations described above have been allocated as follows:
Current Assets |  | $ | 5,949 |
Property, Plant and Equipment, net |  | 4,112 |
Identified Intangible Assets |  | 6,055 |
Goodwill |  | 1,739 |
Other Assets |  | 7 |
Total Assets Acquired |  | 17,862 |
Current Liabilities |  | 4,764 |
Other Liabilities |  | 53 |
Total Liabilities Assumed |  | 4,817 |
Net Assets Acquired |  | $ | 13,045 |

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_BusinessAcquisitionLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2)-(3) -URI http://asc.fasb.org/extlink&oid=65885119&loc=d3e1392-128463 + Details
Name: | us-gaap_BusinessAcquisitionProFormaInformationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=73530397&loc=d3e4845-128472 + Details
Name: | us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=tnc_IndividuallyMaterialBusinessAcquisitionMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=us-gaap_SeriesOfIndividuallyImmaterialBusinessAcquisitionsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |