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Acquisitions (Tables) | 9 Months Ended
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Sep. 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 |  | Nine Months Ended
(In thousands, except per share data) | September 30 |  | September 30
| 2017 |  | 2016 |  | 2017 |  | 2016
Net Sales |  |  |  |  |  |  |
Pro forma | $ | 261,921 |  |  | $ | 250,050 |  |  | $ | 777,832 |  |  | $ | 747,943 |
As reported | 261,921 |  |  | 200,134 |  |  | 723,771 |  |  | 596,826 |
Net Earnings (Loss) Attributable to Tennant Company |  |  |  |  |  |  |
Pro forma | $ | 5,800 |  |  | $ | 7,696 |  |  | $ | 14,875 |  |  | $ | 20,659 |
As reported | 3,559 |  |  | 11,477 |  |  | (2,989 | ) |  | 31,244 |
Net Earnings (Loss) Attributable to Tennant Company per Share |  |  |  |  |  |  |
Pro forma | $ | 0.32 |  |  | $ | 0.43 |  |  | $ | 0.84 |  |  | $ | 1.15 |
As reported | 0.20 |  |  | 0.64 |  |  | (0.17 | ) |  | 1.74 |
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 |  | 54,256 |
Other Current Assets |  | 4,362 |
Assets Held for Sale |  | 2,247 |
Property, Plant and Equipment |  | 63,256 |
Intangible Assets Subject to Amortization: |  |
Trade Name |  | 26,753 |
Customer Lists |  | 123,061 |
Technology |  | 9,631 |
Other Assets |  | 4,168 |
Total Identifiable Assets Acquired |  | 328,339 |
LIABILITIES |  |
Accounts Payable |  | 31,529 |
Accrued Expenses |  | 15,756 |
Deferred Income Taxes |  | 61,694 |
Other Liabilities |  | 6,967 |
Total Identifiable Liabilities Assumed |  | 115,946 |
Net Identifiable Assets Acquired |  | 212,393 |
Noncontrolling Interest |  | (2,266 | )
Goodwill |  | 143,642 |
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 components of the final 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 |

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