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Acquisitions (Tables) | 12 Months Ended
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Dec. 31, 2017
Business Combinations [Abstract] |
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 |
Receivables | $ | 39,984 |
Inventories | 46,442 |
Other Current Assets | 5,314 |
Assets Held for Sale | 2,247 |
Property, Plant and Equipment | 63,890 |
Intangible Assets Subject to Amortization: |
Trade Name | 26,753 |
Customer Lists | 123,061 |
Technology | 9,631 |
Other Assets | 8,261 |
Total Identifiable Assets Acquired | 325,583 |
LIABILITIES |
Accounts Payable | 32,227 |
Accrued Expenses | 15,611 |
Deferred Income Taxes | 60,433 |
Other Liabilities | 9,360 |
Total Identifiable Liabilities Assumed | 117,631 |
Net Identifiable Assets Acquired | 207,952 |
Noncontrolling Interest | (2,028 | )
Goodwill | 147,845 |
Total Estimated Purchase Price, net of Cash Acquired | $ | 353,769 |
The components of the final purchase price of the Florock and Dofesa acquisitions, as 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 |
Schedule of Pro Forma Financial 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, 2016:
Years ended December 31 | 2017 |  | 2016
Net Sales |  |  |
Pro forma | $ | 1,057,127 |  |  | $ | 1,013,710 |
As reported | 1,003,066 |  |  | 808,572 |
Net Earnings (Loss) Attributable to Tennant Company |  |  |
Pro forma | $ | 12,288 |  |  | $ | 30,412 |
As reported | (6,195 | ) |  | 46,614 |
Net Earnings (Loss) Attributable to Tennant Company per Diluted Share |  |  |
Pro forma | $ | 0.68 |  |  | $ | 1.69 |
As reported | (0.35 | ) |  | 2.59 |

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- 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=79982066&loc=d3e1392-128463 + Details
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- 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=84161108&loc=d3e4845-128472 + Details
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