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Acquisition (Tables)

6 Months Ended

Jun. 30, 2018

Jun. 30, 2017

Business Combinations [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the final 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		7,456
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		2,000
Total Identifiable Assets Acquired		321,464
LIABILITIES
Accounts Payable		32,227
Accrued Expenses		18,130
Deferred Income Taxes		56,950
Other Liabilities		10,964
Total Identifiable Liabilities Assumed		118,271
Net Identifiable Assets Acquired		203,193
Noncontrolling Interest		(1,896		)
Goodwill		152,472
Total Purchase Price, net of Cash Acquired		$	353,769

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 2017 acquisition of the IPC Group had occurred as of January 1, 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 fiscal 2016. No pro forma results are presented for the three or six months ended June 30, 2018 as the results of the acquired company are included in the actual results.

Pro Forma Financial Information (Unaudited)
	Three Months Ended				Six Months Ended
(In thousands, except per share data)	June 30				June 30
	2017				2017
Net Sales
Pro forma	$	270,791			$	517,163
As reported	270,791				461,850
Net Earnings (Loss) Attributable to Tennant Company
Pro forma	$	10,308			$	10,260
As reported	(2,591		)		(6,548		)
Net Earnings (Loss) Attributable to Tennant Company per Share
Pro forma	$	0.58			$	0.58
As reported	(0.15		)		(0.37		)

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=79982066&loc=d3e1392-128463

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- References

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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=84161108&loc=d3e4845-128472

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