
19.	Separate Financial Information of Guarantor Subsidiaries

The following condensed consolidated guarantor financial information is presented to comply with the requirements of Rule 3-10 of Regulation S-X.

In 2017, we issued and sold $300,000 in aggregate principal amount of our 5.625% Senior Notes due 2025 (the "Notes), pursuant to an Indenture, dated as of April 18, 2017, among the company, the Guarantors (as defined below), and Wells Fargo Bank, National Association, a national banking association, as trustee. The Notes are unconditionally and jointly and severally guaranteed by Tennant Coatings, Inc. and Tennant Sales and Service Company (collectively, the "Guarantors"), which are wholly owned subsidiaries of the company.

The Notes and the guarantees constitute senior unsecured obligations of the company and the Guarantors, respectively. The Notes and the guarantees, respectively, are: (a) equal in right of payment with all of the company’s and the Guarantors’ senior debt, without giving effect to collateral arrangements; (b) senior in right of payment to all of the company’s and the Guarantors’ future subordinated debt, if any; (c) effectively subordinated in right of payment to all of the company’s and the Guarantors’ debt and obligations that are secured, including borrowings under the company’s senior secured credit facilities for so long as the senior secured credit facilities are secured, to the extent of the value of the assets securing such liens; and (d) structurally subordinated in right of payment to all liabilities (including trade payables) of the company’s and the Guarantors’ subsidiaries that do not guarantee the Notes.

The following condensed consolidated financial information presents the Condensed Consolidated Statements of Operations and the Condensed Consolidated Statements of Comprehensive Income for each of the three and nine months ended September 30, 2018 and September 30, 2017, the related Condensed Consolidated Balance Sheets as of September 30, 2018 and December 31, 2017, and the related Condensed Consolidated Statements of Cash Flows for the nine months ended September 30, 2018 and September 30, 2017, of Tennant Company ("Parent"), the Guarantor Subsidiaries on a combined basis, the Non-Guarantor Subsidiaries on a combined basis and elimination entries necessary to consolidate the Parent with the Guarantor and Non-Guarantor Subsidiaries. The following condensed consolidated financial statements should be read in conjunction with the consolidated financial statements of the company and notes thereto of which this note is an integral part.



Condensed Consolidated Statement of Operations
For the three months ended September 30, 2018
(in thousands)	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total Tennant Company
Net Sales	$	126,110		$	160,226		$	131,418		$	(144,499	)	$	273,255
Cost of Sales	86,781			135,058			87,707			(144,376		)	165,170
Gross Profit	39,329			25,168			43,711			(123		)	108,085

Operating Expense:
Research and Development Expense	6,096			279			1,131			—			7,506
Selling and Administrative Expense	26,765			18,091			39,473			811			85,140
Total Operating Expense	32,861			18,370			40,604			811			92,646
Profit from Operations	6,468			6,798			3,107			(934		)	15,439

Other Income (Expense):
Equity in Earnings of Affiliates	5,256			262			205			(5,723		)	—
Interest (Expense) Income, Net	(5,230		)	—			92			(9		)	(5,147		)
Intercompany Interest Income (Expense)	3,621			(1,450		)	(2,171		)	—			—
Net Foreign Currency Transaction (Losses) Gains	(69		)	4			(230		)	—			(295		)
Other Expense, Net	(179		)	(473		)	(263		)	785			(130		)
Total Other Income (Expense), Net	3,399			(1,657		)	(2,367		)	(4,947		)	(5,572		)

Profit Before Income Taxes	9,867			5,141			740			(5,881		)	9,867
Income Tax Expense (Benefit)	158			1,230			(865		)	(365		)	158
Net Earnings Including Noncontrolling Interest	9,709			3,911			1,605			(5,516		)	9,709
Net Earnings Attributable to Noncontrolling Interest	33			—			33			(33		)	33
Net Earnings Attributable to Tennant Company	$	9,676		$	3,911		$	1,572		$	(5,483	)	$	9,676



Condensed Consolidated Statement of Operations
For the nine months ended September 30, 2018
(in thousands)	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total Tennant Company
Net Sales	$	366,093		$	472,524		$	422,887		$	(423,205	)	$	838,299
Cost of Sales	249,065			395,327			278,207			(421,821		)	500,778
Gross Profit	117,028			77,197			144,680			(1,384		)	337,521

Operating Expense:
Research and Development Expense	18,625			825			3,958			—			23,408
Selling and Administrative Expense	84,478			57,151			126,833			811			269,273
Total Operating Expense	103,103			57,976			130,791			811			292,681
Profit from Operations	13,925			19,221			13,889			(2,195		)	44,840

Other Income (Expense):
Equity in Earnings of Affiliates	19,657			1,356			4,234			(25,247		)	—
Interest (Expense) Income, Net	(15,726		)	—			558			(28		)	(15,196		)
Intercompany Interest Income (Expense)	10,989			(4,308		)	(6,681		)	—			—
Net Foreign Currency Transaction Losses	(354		)	(2		)	(1,025		)	—			(1,381		)
Other (Expense) Income, Net	(1,118		)	(1,610		)	1,113			725			(890		)
Total Other Income (Expense), Net	13,448			(4,564		)	(1,801		)	(24,550		)	(17,467		)

Profit Before Income Taxes	27,373			14,657			12,088			(26,745		)	27,373
Income Tax Expense	1,598			3,520			705			(4,225		)	1,598
Net Earnings Including Noncontrolling Interest	25,775			11,137			11,383			(22,520		)	25,775
Net Earnings Attributable to Noncontrolling Interest	81			—			81			(81		)	81
Net Earnings Attributable to Tennant Company	$	25,694		$	11,137		$	11,302		$	(22,439	)	$	25,694



Condensed Consolidated Statement of Operations
For the three months ended September 30, 2017
(in thousands)	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total Tennant Company
Net Sales	$	111,835		$	146,495		$	131,457		$	(127,866	)	$	261,921
Cost of Sales	76,974			120,523			88,411			(128,591		)	157,317
Gross Profit	34,861			25,972			43,046			725			104,604

Operating Expense:
Research and Development Expense	6,312			86			1,509			—			7,907
Selling and Administrative Expense	23,498			19,074			43,139			—			85,711
Total Operating Expense	29,810			19,160			44,648			—			93,618
Profit (Loss) from Operations	5,051			6,812			(1,602		)	725			10,986

Other Income (Expense):
Equity in Earnings of Affiliates	2,039			376			—			(2,415		)	—
Interest Expense, Net	(5,275		)	—			(111		)	(9		)	(5,395		)
Intercompany Interest Income (Expense)	3,774			(1,455		)	(2,319		)	—			—
Net Foreign Currency Transaction Gains (Losses)	357			2			(1,201		)	—			(842		)
Other (Expense) Income, Net	(1,619		)	(204		)	1,424			(23		)	(422		)
Total Other Expense, Net	(724		)	(1,281		)	(2,207		)	(2,447		)	(6,659		)

Profit (Loss) Before Income Taxes	4,327			5,531			(3,809		)	(1,722		)	4,327
Income Tax Expense	731			2,034			2,819			(4,853		)	731
Net Earnings (Loss) Including Noncontrolling Interest	3,596			3,497			(6,628		)	3,131			3,596
Net Earnings Attributable to Noncontrolling Interest	37			—			37			(37		)	37
Net Earnings (Loss) Attributable to Tennant Company	$	3,559		$	3,497		$	(6,665	)	$	3,168		$	3,559



Condensed Consolidated Statement of Operations
For the nine months ended September 30, 2017
(in thousands)	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total Tennant Company
Net Sales	$	337,034		$	442,090		$	331,491		$	(386,844	)	$	723,771
Cost of Sales	230,753			363,034			228,838			(387,748		)	434,877
Gross Profit	106,281			79,056			102,653			904			288,894

Operating Expense:
Research and Development Expense	20,838			245			3,156			—			24,239
Selling and Administrative Expense	85,697			58,881			102,415			—			246,993
Total Operating Expense	106,535			59,126			105,571			—			271,232
(Loss) Profit from Operations	(254		)	19,930			(2,918		)	904			17,662

Other Income (Expense):
Equity in Earnings of Affiliates	7,493			1,500			—			(8,993		)	—
Interest Expense, Net	(16,866		)	—			(257		)	(22		)	(17,145		)
Intercompany Interest Income (Expense)	8,742			(4,323		)	(4,419		)	—			—
Net Foreign Currency Transaction Gains (Losses)	553			—			(2,928		)	—			(2,375		)
Other (Expense) Income, Net	(2,300		)	(430		)	2,014			(58		)	(774		)
Total Other Expense, Net	(2,378		)	(3,253		)	(5,590		)	(9,073		)	(20,294		)

(Loss) Profit Before Income Taxes	(2,632		)	16,677			(8,508		)	(8,169		)	(2,632		)
Income Tax Expense	385			5,993			5,481			(11,474		)	385
Net (Loss) Earnings Including Noncontrolling Interest	(3,017		)	10,684			(13,989		)	3,305			(3,017		)
Net Loss Attributable to Noncontrolling Interest	(28		)	—			(28		)	28			(28		)
Net (Loss) Earnings Attributable to Tennant Company	$	(2,989	)	$	10,684		$	(13,961	)	$	3,277		$	(2,989	)



Condensed Consolidated Statement of Comprehensive Income
For the three months ended September 30, 2018
(in thousands)	Parent			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Total Tennant Company
Net Earnings Including Noncontrolling Interest	$	9,709		$	3,911	$	1,605		$	(5,516	)	$	9,709
Other Comprehensive Loss:
Foreign currency translation adjustments	(3,110		)	228		(3,664		)	3,436			(3,110		)
Pension and retiree medical benefits	12			—		—			—			12
Cash flow hedge	(28		)	—		—			—			(28		)
Income Taxes:
Foreign currency translation adjustments	280			—		280			(280		)	280
Pension and retiree medical benefits	(2		)	—		—			—			(2		)
Cash flow hedge	6			—		—			—			6
Total Other Comprehensive Loss, net of tax	(2,842		)	228		(3,384		)	3,156			(2,842		)

Total Comprehensive Income (Loss) Including Noncontrolling Interest	6,867			4,139		(1,779		)	(2,360		)	6,867
Comprehensive Income Attributable to Noncontrolling Interest	33			—		33			(33		)	33
Comprehensive Income (Loss) Attributable to Tennant Company	$	6,834		$	4,139	$	(1,812	)	$	(2,327	)	$	6,834



Condensed Consolidated Statement of Comprehensive Income
For the nine months ended September 30, 2018
(in thousands)	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total Tennant Company
Net Earnings Including Noncontrolling Interest	$	25,775		$	11,137		$	11,383		$	(22,520	)	$	25,775
Other Comprehensive Loss:
Foreign currency translation adjustments	(14,202		)	(262		)	(20,103		)	20,365			(14,202		)
Pension and retiree medical benefits	105			—			19			(19		)	105
Cash flow hedge	(1,367		)	—			—			—			(1,367		)
Income Taxes:
Foreign currency translation adjustments	524			—			524			(524		)	524
Pension and retiree medical benefits	(156		)	—			—			—			(156		)
Cash flow hedge	(814		)	—			—			—			(814		)
Total Other Comprehensive Loss, net of tax	(15,910		)	(262		)	(19,560		)	19,822			(15,910		)

Total Comprehensive Income (Loss) Including Noncontrolling Interest	9,865			10,875			(8,177		)	(2,698		)	9,865
Comprehensive Income Attributable to Noncontrolling Interest	81			—			81			(81		)	81
Comprehensive Income (Loss) Attributable to Tennant Company	$	9,784		$	10,875		$	(8,258	)	$	(2,617	)	$	9,784



Condensed Consolidated Statement of Comprehensive Income
For the three months ended September 30, 2017
(in thousands)	Parent			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Total Tennant Company
Net Earnings (Loss) Including Noncontrolling Interest	$	3,596		$	3,497	$	(6,628	)	$	3,131		$	3,596
Other Comprehensive Income (Loss):
Foreign currency translation adjustments	9,033			289		9,221			(9,510		)	9,033
Pension and retiree medical benefits	379			—		10			(10		)	379
Cash flow hedge	(1,732		)	—		—			—			(1,732		)
Income Taxes:
Foreign currency translation adjustments	—			—		—			—			—
Pension and retiree medical benefits	(138		)	—		—			—			(138		)
Cash flow hedge	646			—		—			—			646
Total Other Comprehensive Income, net of tax	8,188			289		9,231			(9,520		)	8,188

Total Comprehensive Income Including Noncontrolling Interest	11,784			3,786		2,603			(6,389		)	11,784
Comprehensive Income Attributable to Noncontrolling Interest	37			—		37			(37		)	37
Comprehensive Income Attributable to Tennant Company	$	11,747		$	3,786	$	2,566		$	(6,352	)	$	11,747



Condensed Consolidated Statement of Comprehensive Income
For the nine months ended September 30, 2017
(in thousands)	Parent			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Total Tennant Company
Net (Loss) Earnings Including Noncontrolling Interest	$	(3,017	)	$	10,684	$	(13,989	)	$	3,305		$	(3,017	)
Other Comprehensive Income (Loss):
Foreign currency translation adjustments	25,073			693		1,330			(2,023		)	25,073
Pension and retiree medical benefits	541			—		151			(151		)	541
Cash flow hedge	(6,311		)	—		—			—			(6,311		)
Income Taxes:
Foreign currency translation adjustments	—			—		—			—			—
Pension and retiree medical benefits	(160		)	—		(15		)	15			(160		)
Cash flow hedge	2,354			—		—			—			2,354
Total Other Comprehensive Income, net of tax	21,497			693		1,466			(2,159		)	21,497

Total Comprehensive Income (Loss) Including Noncontrolling Interest	18,480			11,377		(12,523		)	1,146			18,480
Comprehensive (Loss) Income Attributable to Noncontrolling Interest	(28		)	—		(28		)	28			(28		)
Comprehensive Income (Loss) Attributable to Tennant Company	$	18,508		$	11,377	$	(12,495	)	$	1,118		$	18,508



Condensed Consolidated Balance Sheet
As of September 30, 2018
(in thousands)	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total Tennant Company
ASSETS
Current Assets:
Cash and Cash Equivalents	$	18,082		$	668		$	34,723		$	—		$	53,473
Restricted Cash	—			—			534			—			534
Net Receivables	494			93,464			114,161			—			208,119
Intercompany Receivables	31,488			142,708			—			(174,196		)	—
Inventories	35,858			15,118			99,220			(10,403		)	139,793
Prepaid Expenses	17,673			705			9,978			—			28,356
Other Current Assets	4,691			340			3,834			—			8,865
Total Current Assets	108,286			253,003			262,450			(184,599		)	439,140
Property, Plant and Equipment	228,237			12,533			140,673			—			381,443
Accumulated Depreciation	(156,476		)	(6,459		)	(54,690		)	—			(217,625		)
Property, Plant and Equipment, Net	71,761			6,074			85,983			—			163,818
Deferred Income Taxes	3,127			3,078			8,857			—			15,062
Investment in Affiliates	403,903			12,133			18,487			(434,523		)	—
Intercompany Loans	303,670			—			3,997			(307,667		)	—
Goodwill	12,870			1,726			170,023			—			184,619
Intangible Assets, Net	4,210			2,738			146,026			—			152,974
Other Assets	6,057			—			8,896			—			14,953
Total Assets	$	913,884		$	278,752		$	704,719		$	(926,789	)	$	970,566
LIABILITIES AND TOTAL EQUITY
Current Liabilities:
Current Portion of Long-Term Debt	$	29,705		$	—		$	1,294		$	—		$	30,999
Accounts Payable	34,447			6,727			49,604			—			90,778
Intercompany Payables	143,095			—			31,101			(174,196		)	—
Employee Compensation and Benefits	10,588			12,873			18,696			—			42,157
Income Taxes Payable	469			—			2,801			(298		)	2,972
Other Current Liabilities	28,216			14,348			28,980			298			71,842
Total Current Liabilities	246,520			33,948			132,476			(174,196		)	238,748
Long-Term Liabilities:
Long-Term Debt	315,277			—			1,660			—			316,937
Intercompany Loans	3,997			128,000			175,670			(307,667		)	—
Employee-Related Benefits	11,519			1,916			8,393			—			21,828
Deferred Income Taxes	—			—			48,491			—			48,491
Other Liabilities	27,488			3,336			4,655			—			35,479
Total Long-Term Liabilities	358,281			133,252			238,869			(307,667		)	422,735
Total Liabilities	604,801			167,200			371,345			(481,863		)	661,483
Equity:
Common Stock	6,796			—			11,131			(11,131		)	6,796
Additional Paid-In Capital	26,087			77,551			388,216			(465,767		)	26,087
Retained Earnings	312,539			34,932			(9,916		)	(25,016		)	312,539
Accumulated Other Comprehensive Loss	(38,233		)	(931		)	(57,951		)	58,882			(38,233		)
Total Tennant Company Shareholders' Equity	307,189			111,552			331,480			(443,032		)	307,189
Noncontrolling Interest	1,894			—			1,894			(1,894		)	1,894
Total Equity	309,083			111,552			333,374			(444,926		)	309,083
Total Liabilities and Total Equity	$	913,884		$	278,752		$	704,719		$	(926,789	)	$	970,566



Condensed Consolidated Balance Sheet
As of December 31, 2017
(in thousands)	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total Tennant Company
ASSETS
Current Assets:
Cash and Cash Equivalents	$	18,469		$	507		$	39,422		$	—		$	58,398
Restricted Cash	—			—			653			—			653
Net Receivables	683			88,629			120,204			—			209,516
Intercompany Receivables	53,444			133,778			—			(187,222		)	—
Inventories	29,450			12,695			94,542			(8,993		)	127,694
Prepaid Expenses	8,774			1,172			9,405			—			19,351
Other Current Assets	4,030			—			3,473			—			7,503
Total Current Assets	114,850			236,781			267,699			(196,215		)	423,115
Property, Plant and Equipment	225,064			12,155			145,549			—			382,768
Accumulated Depreciation	(146,320		)	(6,333		)	(50,097		)	—			(202,750		)
Property, Plant and Equipment, Net	78,744			5,822			95,452			—			180,018
Deferred Income Taxes	1,308			2,669			7,157			—			11,134
Investment in Affiliates	392,486			11,273			20,811			(424,570		)	—
Intercompany Loans	304,822			—			4,983			(309,805		)	—
Goodwill	12,869			1,739			171,436			—			186,044
Intangible Assets, Net	2,105			2,898			167,344			—			172,347
Other Assets	10,363			—			10,956			—			21,319
Total Assets	$	917,547		$	261,182		$	745,838		$	(930,590	)	$	993,977
LIABILITIES AND TOTAL EQUITY
Current Liabilities:
Current Portion of Long-Term Debt	$	29,413		$	—		$	1,470		$	—		$	30,883
Accounts Payable	39,927			3,018			53,137			—			96,082
Intercompany Payables	133,778			1,963			51,481			(187,222		)	—
Employee Compensation and Benefits	8,311			10,355			18,591			—			37,257
Income Taxes Payable	366			—			2,472			—			2,838
Other Current Liabilities	20,183			15,760			33,504			—			69,447
Total Current Liabilities	231,978			31,096			160,655			(187,222		)	236,507
Long-Term Liabilities:
Long-Term Debt	344,147			—			1,809			—			345,956
Intercompany Loans	—			128,000			181,805			(309,805		)	—
Employee-Related Benefits	11,160			3,992			8,715			—			23,867
Deferred Income Taxes	—			—			53,225			—			53,225
Other Liabilities	31,788			2,483			1,677			—			35,948
Total Long-Term Liabilities	387,095			134,475			247,231			(309,805		)	458,996
Total Liabilities	619,073			165,571			407,886			(497,027		)	695,503
Equity:
Common Stock	6,705			—			11,131			(11,131		)	6,705
Additional Paid-In Capital	15,089			72,483			384,460			(456,943		)	15,089
Retained Earnings	297,032			23,797			(21,219		)	(2,578		)	297,032
Accumulated Other Comprehensive Loss	(22,323		)	(669		)	(38,391		)	39,060			(22,323		)
Total Tennant Company Shareholders' Equity	296,503			95,611			335,981			(431,592		)	296,503
Noncontrolling Interest	1,971			—			1,971			(1,971		)	1,971
Total Equity	298,474			95,611			337,952			(433,563		)	298,474
Total Liabilities and Total Equity	$	917,547		$	261,182		$	745,838		$	(930,590	)	$	993,977



Condensed Consolidated Statement of Cash Flows
For the nine months ended September 30, 2018
(in thousands)	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total Tennant Company
OPERATING ACTIVITIES
Net Cash Provided by (Used in) Operating Activities	$	43,661		$	219		$	(411	)	$	—		$	43,469
INVESTING ACTIVITIES
Purchases of Property, Plant and Equipment	(4,505		)	(58		)	(8,205		)	—			(12,768		)
Proceeds from Disposals of Property, Plant and Equipment	20			—			88			—			108
Proceeds from Principal Payments Received on Long-Term Note Receivable	—			—			828			—			828
Proceeds from Sale of Business	—			—			4,000			—			4,000
Purchase of Intangible Assets	(2,500		)	—			(107		)	—			(2,607		)
Change in Investments in Subsidiaries	(1,817		)	—			—			1,817			—
Loan Payments from Subsidiaries	1,218			—			—			(1,218		)	—
Loan Payments from Parent	—			—			986			(986		)	—
Net Cash Used in Investing Activities	(7,584		)	(58		)	(2,410		)	(387		)	(10,439		)
FINANCING ACTIVITIES
Payments of Long-Term Debt	(30,000		)	—			(216		)	—			(30,216		)
Change in Capital Lease Obligations	—			—			7			—			7
Change in Subsidiary Equity	—			—			1,817			(1,817		)	—
Loan Payments to Parent	—			—			(1,218		)	1,218			—
Loan Payments to Subsidiaries	(986		)	—			—			986			—
Proceeds from Issuances of Common Stock	5,735			—			—			—			5,735
Dividends Paid	(11,356		)	—			—			—			(11,356		)
Net Cash (Used in) Provided by Financing Activities	(36,607		)	—			390			387			(35,830		)
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash	143			—			(2,387		)	—			(2,244		)
Net (Decrease) Increase in Cash, Cash Equivalents and Restricted Cash	(387		)	161			(4,818		)	—			(5,044		)
Cash, Cash Equivalents and Restricted Cash at Beginning of Period	18,469			507			40,075			—			59,051
Cash, Cash Equivalents and Restricted Cash at End of Period	$	18,082		$	668		$	35,257		$	—		$	54,007



Condensed Consolidated Statement of Cash Flows
For the nine months ended September 30, 2017
(in thousands)	Parent			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Total Tennant Company
OPERATING ACTIVITIES
Net Cash (Used in) Provided by Operating Activities	$	(555	)	$	798	$	31,880		$	—		$	32,123
INVESTING ACTIVITIES
Purchases of Property, Plant and Equipment	(7,400		)	—		(8,839		)	—			(16,239		)
Proceeds from Disposals of Property, Plant and Equipment	17			—		2,439			—			2,456
Proceeds from Principal Payments Received on Long-Term Note Receivable	—			—		500			—			500
Issuance of Long-Term Note Receivable	—			—		(1,500		)	—			(1,500		)
Acquisition of Businesses, Net of Cash Acquired	(304		)	—		(353,231		)	—			(353,535		)
Purchase of Intangible Asset	(2,500		)	—		—			—			(2,500		)
Change in Investments in Subsidiaries	(193,639		)	—		—			193,639			—
Loan (Payments) Borrowings from Subsidiaries	(159,780		)	—		—			159,780			—
Net Cash Used in Investing Activities	(363,606		)	—		(360,631		)	353,419			(370,818		)
FINANCING ACTIVITIES
Proceeds from Short-Term Debt	300,000			—		—			—			300,000
Repayments of Short-Term Debt	(300,000		)	—		—			—			(300,000		)
Loan Borrowings (Payments) from Parent	—			—		159,780			(159,780		)	—
Change in Subsidiary Equity	—			—		193,639			(193,639		)	—
Proceeds from Issuance of Long-Term Debt	440,000			—		—			—			440,000
Payments of Long-Term Debt	(81,143		)	—		(119		)	—			(81,262		)
Payments of Debt Issuance Costs	(16,465		)	—		—			—			(16,465		)
Proceeds from Issuance of Common Stock	4,728			—		—			—			4,728
Dividends Paid	(11,204		)	—		—			—			(11,204		)
Net Cash Provided by Financing Activities	335,916			—		353,300			(353,419		)	335,797
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash	(68		)	—		1,655			—			1,587
Net (Decrease) Increase in Cash, Cash Equivalents and Restricted Cash	(28,313		)	798		26,204			—			(1,311		)
Cash, Cash Equivalents and Restricted Cash at Beginning of Period	38,484			226		19,840			—			58,550
Cash, Cash Equivalents and Restricted Cash at End of Period	$	10,171		$	1,024	$	46,044		$	—		$	57,239