
23.	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.

On April 18, 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” or "Guarantor Subsidiaries"), 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 Earnings, Comprehensive Income and Cash Flows for each of the years in the three year period ended December 31, 2018, and the related Condensed Consolidated Balance Sheets as of December 31, 2018 and 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 Earnings
For the year ended December 31, 2018
(in thousands)	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total Tennant Company
Net Sales	$	494,341		$	634,341		$	570,627		$	(575,798	)	$	1,123,511
Cost of Sales	336,398			533,800			383,010			(574,730		)	678,478
Gross Profit	157,943			100,541			187,617			(1,068		)	445,033
Operating Expense:
Research and Development Expense	24,455			1,090			5,194			—			30,739
Selling and Administrative Expense	116,528			76,623			161,911			1,254			356,316
Total Operating Expense	140,983			77,713			167,105			1,254			387,055
Profit (Loss) from Operations	16,960			22,828			20,512			(2,322		)	57,978
Other Income (Expense):
Equity in Earnings of Affiliates	27,409			2,249			5,374			(35,032		)	—
Interest (Expense) Income, Net	(20,466		)	—			196			(37		)	(20,307		)
Intercompany Interest Income (Expense)	14,597			(5,760		)	(8,837		)	—			—
Net Foreign Currency Transaction Losses	(370		)	(21		)	(709		)	—			(1,100		)
Other (Expense) Income, Net	(2,288		)	(2,434		)	2,862			1,131			(729		)
Total Other Income (Expense), Net	18,882			(5,966		)	(1,114		)	(33,938		)	(22,136		)
Profit (Loss) Before Income Taxes	35,842			16,862			19,398			(36,260		)	35,842
Income Tax Expense (Benefit)	2,304			4,022			388			(4,410		)	2,304
Net Earnings (Loss) Including Noncontrolling Interest	33,538			12,840			19,010			(31,850		)	33,538
Net Earnings Attributable to Noncontrolling Interest	126			—			126			(126		)	126
Net Earnings (Loss) Attributable to Tennant Company	$	33,412		$	12,840		$	18,884		$	(31,724	)	$	33,412



Condensed Consolidated Statement of Earnings
For the year ended December 31, 2017
(in thousands)	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total Tennant Company
Net Sales	$	454,703		$	594,405		$	471,559		$	(517,601	)	$	1,003,066
Cost of Sales	311,897			488,972			321,759			(519,375		)	603,253
Gross Profit	142,806			105,433			149,800			1,774			399,813
Operating Expense:
Research and Development Expense	27,219			315			4,479			—			32,013
Selling and Administrative Expense	110,414			78,516			145,852			—			334,782
Total Operating Expense	137,633			78,831			150,331			—			366,795
Profit (Loss) from Operations	5,173			26,602			(531		)	1,774			33,018
Other Income (Expense):
Equity in Earnings of Affiliates	12,754			2,004			28,855			(43,613		)	—
Interest Expense, Net	(22,659		)	—			(299		)	(31		)	(22,989		)
Intercompany Interest Income (Expense)	12,519			(5,776		)	(6,743		)	—			—
Net Foreign Currency Transaction Gains (Losses)	857			—			(4,244		)	—			(3,387		)
Other (Expense) Income, Net	(9,936		)	(736		)	2,841			(103		)	(7,934		)
Total Other (Expense) Income, Net	(6,465		)	(4,508		)	20,410			(43,747		)	(34,310		)
(Loss) Profit Before Income Taxes	(1,292		)	22,094			19,879			(41,973		)	(1,292		)
Income Tax Expense (Benefit)	4,913			8,070			(98		)	(7,972		)	4,913
Net (Loss) Earnings Including Noncontrolling Interest	$	(6,205	)	$	14,024		$	19,977		$	(34,001	)	$	(6,205	)
Net Loss Attributable to Noncontrolling Interest	$	(10	)	$	—		$	(10	)	$	10		$	(10	)
Net (Loss) Earnings Attributable to Tennant Company	$	(6,195	)	$	14,024		$	19,987		$	(34,011	)	$	(6,195	)



Condensed Consolidated Statement of Earnings
For the year ended December 31, 2016
(in thousands)	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total Tennant Company
Net Sales	$	455,375		$	587,815		$	290,349		$	(524,967	)	$	808,572
Cost of Sales	299,459			483,075			199,336			(524,893		)	456,977
Gross Profit	155,916			104,740			91,013			(74		)	351,595
Operating Expense:
Research and Development Expense	32,378			429			1,931			—			34,738
Selling and Administrative Expense	95,340			74,643			78,609			—			248,592
Total Operating Expense	127,718			75,072			80,540			—			283,330
Profit from Operations	28,198			29,668			10,473			(74		)	68,265
Other Income (Expense):
Equity in Earnings of Affiliates	34,068			2,192			—			(36,260		)	—
Interest (Expense) Income, Net	(1,204		)	—			255			—			(949		)
Intercompany Interest Income (Expense)	7,157			(5,570		)	(1,587		)	—			—
Net Foreign Currency Transaction Gains (Losses)	648			(652		)	(388		)	—			(392		)
Other (Expense) Income, Net	(2,376		)	(573		)	2,516			—			(433		)
Total Other Income (Expense), Net	38,293			(4,603		)	796			(36,260		)	(1,774		)
Profit Before Income Taxes	66,491			25,065			11,269			(36,334		)	66,491
Income Tax Expense	19,877			9,443			2,427			(11,870		)	19,877
Net Earnings (Loss) Attributable to Tennant Company	$	46,614		$	15,622		$	8,842		$	(24,464	)	$	46,614



Condensed Consolidated Statement of Comprehensive Income
For the year ended December 31, 2018
(in thousands)	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total Tennant Company
Net Earnings (Loss) Including Noncontrolling Interest	$	33,538		$	12,840		$	19,010		$	(31,850	)	$	33,538
Other Comprehensive Income (Loss):
Foreign currency translation adjustments	(16,221		)	(961		)	(21,422		)	22,383			(16,221		)
Pension and retiree medical benefits	1,745			—			1,197			(1,197		)	1,745
Cash flow hedge	1,341			—			—			—			1,341
Income Taxes:
Foreign currency translation adjustments	168			—			168			(168		)	168
Pension and retiree medical benefits	(467		)	—			(205		)	205			(467		)
Cash flow hedge	(1,437		)	—			—			—			(1,437		)
Total Other Comprehensive (Loss) Income, net of tax	(14,871		)	(961		)	(20,262		)	21,223			(14,871		)
Total Comprehensive Income (Loss) Including Noncontrolling Interest	18,667			11,879			(1,252		)	(10,627		)	18,667
Comprehensive Income Attributable to Noncontrolling Interest	126			—			126			(126		)	126
Comprehensive Income (Loss) Attributable to Tennant Company	$	18,541		$	11,879		$	(1,378	)	$	(10,501	)	$	18,541



Condensed Consolidated Statement of Comprehensive Income
For the year ended December 31, 2017
(in thousands)	Parent			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Total Tennant Company
Net (Loss) Earnings	$	(6,205	)	$	14,024	$	19,977		$	(34,001	)	$	(6,205	)
Other Comprehensive Income (Loss):
Foreign currency translation adjustments	28,356			1,215		2,960			(4,175		)	28,356
Pension and retiree medical benefits	5,868			—		538			(538		)	5,868
Cash flow hedge	(7,731		)	—		—			—			(7,731		)
Income Taxes:
Foreign currency translation adjustments	310			—		310			(310		)	310
Pension and retiree medical benefits	(2,087		)	—		(99		)	99			(2,087		)
Cash flow hedge	2,884			—		—			—			2,884
Total Other Comprehensive Income (Loss), net of tax	27,600			1,215		3,709			(4,924		)	27,600
Total Comprehensive Income Including Noncontrolling Interest	21,395			15,239		23,686			(38,925		)	21,395
Comprehensive Loss Attributable to Noncontrolling Interest	(10		)	—		(10		)	10			(10		)
Comprehensive Income	$	21,405		$	15,239	$	23,696		$	(38,935	)	$	21,405



Condensed Consolidated Statement of Comprehensive Income
For the year ended December 31, 2016
(in thousands)	Parent			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Total Tennant Company
Net Earnings	$	46,614		$	15,622	$	8,842		$	(24,464	)	$	46,614
Other Comprehensive (Loss) Income:
Foreign currency translation adjustments	109			270		3,534			(3,804		)	109
Pension and retiree medical benefits	(2,248		)	—		(1,691		)	1,691			(2,248		)
Cash flow hedge	(305		)	—		—			—			(305		)
Income Taxes:
Foreign currency translation adjustments	32			—		32			(32		)	32
Pension and retiree medical benefits	504			—		296			(296		)	504
Cash flow hedge	114			—		—			—			114
Total Other Comprehensive (Loss) Earnings, net of tax	(1,794		)	270		2,171			(2,441		)	(1,794		)
Comprehensive Income (Loss)	$	44,820		$	15,892	$	11,013		$	(26,905	)	$	44,820



Condensed Consolidated Balance Sheet
As of December 31, 2018
(in thousands)	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total Tennant Company
ASSETS
Current Assets:
Cash and Cash Equivalents	$	24,779		$	1,610		$	59,220		$	—		$	85,609
Restricted Cash	—			—			525			—			525
Net Receivables	866			94,763			120,541			—			216,170
Intercompany Receivables	29,976			148,961			—			(178,937		)	—
Inventories	37,154			13,381			94,680			(10,082		)	135,133
Prepaid Expenses	12,565			782			9,282			(488		)	22,141
Other Current Assets	4,935			396			3,735			—			9,066
Total Current Assets	110,275			259,893			287,983			(189,507		)	468,644
Property, Plant and Equipment	229,826			12,677			144,138			—			386,641
Accumulated Depreciation	(159,344		)	(6,913		)	(56,937		)	—			(223,194		)
Property, Plant and Equipment, Net	70,482			5,764			87,201			—			163,447
Deferred Income Taxes	4,035			3,072			8,382			—			15,489
Investment in Affiliates	420,897			12,142			20,768			(453,807		)	—
Intercompany Loans	301,555			—			3,205			(304,760		)	—
Goodwill	12,870			1,726			168,075			—			182,671
Intangible Assets, Net	4,012			2,684			139,850			—			146,546
Other Assets	6,987			(2		)	8,762			—			15,747
Total Assets	$	931,113		$	285,279		$	724,226		$	(948,074	)	$	992,544
LIABILITIES AND TOTAL EQUITY
Current Liabilities:
Current Portion of Long-Term Debt	$	21,816		$	—		$	5,189		$	—		$	27,005
Accounts Payable	40,991			4,982			52,425			—			98,398
Intercompany Payables	149,460			—			29,477			(178,937		)	—
Employee Compensation and Benefits	13,947			16,890			18,616			—			49,453
Income Taxes Payable	806			—			1,984			(667		)	2,123
Other Current Liabilities	22,387			17,939			31,390			179			71,895
Total Current Liabilities	249,407			39,811			139,081			(179,425		)	248,874
Long-Term Liabilities:
Long-Term Debt	326,460			—			1,600			—			328,060
Intercompany Loans	3,205			128,000			173,555			(304,760		)	—
Employee-Related Benefits	11,041			2,015			8,054			—			21,110
Deferred Income Taxes	—			—			46,018			—			46,018
Other Liabilities	24,648			2,899			4,583			—			32,130
Total Long-Term Liabilities	365,354			132,914			233,810			(304,760		)	427,318
Total Liabilities	614,761			172,725			372,891			(484,185		)	676,192
Equity:
Common Stock	6,797			—			11,131			(11,131		)	6,797
Additional Paid-In Capital	28,550			77,551			399,459			(477,010		)	28,550
Retained Earnings	316,269			36,633			(2,532		)	(34,101		)	316,269
Accumulated Other Comprehensive Loss	(37,194		)	(1,630		)	(58,653		)	60,283			(37,194		)
Total Tennant Company Shareholders’ Equity	314,422			112,554			349,405			(461,959		)	314,422
Noncontrolling Interest	1,930			—			1,930			(1,930		)	1,930
Total Equity	316,352			112,554			351,335			(463,889		)	316,352
Total Liabilities and Total Equity	$	931,113		$	285,279		$	724,226		$	(948,074	)	$	992,544



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 SHAREHOLDERS' 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
Shareholders' 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 year ended December 31, 2018
(in thousands)	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total Tennant Company
OPERATING ACTIVITIES
Net Cash Provided by Operating Activities	$	68,082		$	1,202		$	10,888		$	(202	)	$	79,970
INVESTING ACTIVITIES
Purchases of Property, Plant and Equipment	(6,832		)	(99		)	(11,849		)	—			(18,780		)
Proceeds from Disposals of Property, Plant and Equipment	21			—			91			—			112
Proceeds from Principal Payments Received on Long-Term Note Receivable	—			—			1,416			—			1,416
Proceeds from Sale of Business	—			—			4,000			—			4,000
Purchases of Intangible Asset	(2,500		)	—			(275		)	—			(2,775		)
Change in Investments in Subsidiaries	(15,622		)	—			—			15,622			—
Loan Payments Received by Parent from Subsidiary	1,218			—			—			(1,218		)	—
Loan Payments Received by Subsidiary from Parent	—			—			1,778			(1,778		)	—
Net Cash Used in Investing Activities	(23,715		)	(99		)	(4,839		)	12,626			(16,027		)
FINANCING ACTIVITIES
Proceeds from Short-Term Debt	—			—			3,926			—			3,926
Loan Repayments made to Parent from Subsidiary	—			—			(1,218		)	1,218			—
Loan Repayments made to Subsidiary from Parent	(1,778		)	—			—			1,778			—
Change in Subsidiary Equity	—			—			15,622			(15,622		)	—
Proceeds from Issuance of Long-Term Debt	11,000			—			—			—			11,000
Payments of Long-Term Debt	(38,000		)	—			(255		)	—			(38,255		)
Change in Capital Lease Obligations	—			—			14			—			14
Proceeds from Issuances of Common Stock	5,880			—			—			—			5,880
Dividends Paid	(15,343		)	—			(202		)	202			(15,343		)
Net Cash (Used in) Provided by Financing Activities	(38,241		)	—			17,887			(12,424		)	(32,778		)
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash	184			—			(4,266		)	—			(4,082		)
NET INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	6,310			1,103			19,670			—			27,083
Cash, Cash Equivalents and Restricted Cash at Beginning of Year	18,469			507			40,075			—			59,051
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF YEAR	$	24,779		$	1,610		$	59,745		$	—		$	86,134



Condensed Consolidated Statement of Cash Flows
For the year ended December 31, 2017
(in thousands)	Parent			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Total Tennant Company
OPERATING ACTIVITIES
Net Cash Provided by Operating Activities	$	26,992		$	280	$	27,711		$	(809	)	$	54,174
INVESTING ACTIVITIES
Purchases of Property, Plant and Equipment	(9,558		)	—		(10,879		)	—			(20,437		)
Proceeds from Disposals of Property, Plant and Equipment	23			1		2,487			—			2,511
Proceeds from Principal Payments received on Long-Term Note Receivable	—			—		667			—			667
Acquisition of Businesses, Net of Cash Acquired	(304		)	—		(353,769		)	—			(354,073		)
Issuance of Long-Term Note Receivable	—			—		(1,500		)	—			(1,500		)
Purchase of Intangible Asset	(2,500		)	—		—			—			(2,500		)
Change in Investments in Subsidiaries	(199,028		)	—		—			199,028			—
Loan Borrowings (Payments) from Subsidiaries	(159,780		)	—		(4,983		)	164,763			—
Net Cash (Used in) Provided by Investing Activities	(371,147		)	1		(367,977		)	363,791			(375,332		)
FINANCING ACTIVITIES
Proceeds from Short-Term Debt	303,000			—		—			—			303,000
Repayments of Short-Term Debt	(303,000		)	—		—			—			(303,000		)
Loan Borrowings (Payments) from Parent	4,983			—		159,780			(164,763		)	—
Change in Subsidiary Equity	—			—		199,028			(199,028		)	—
Payments of Long-Term Debt	(96,142		)	—		(106		)	—			(96,248		)
Proceeds from Issuance of Long-Term Debt	440,000			—		—			—			440,000
Payments of Debt Issuance Costs	(16,482		)	—		—			—			(16,482		)
Change in Capital Lease Obligations	—			—		311			—			311
Proceeds from Issuances of Common Stock	6,875			—		—			—			6,875
Purchase of Noncontrolling Owner Interest	—			—		(30		)	—			(30		)
Dividends Paid	(14,953		)	—		(809		)	809			(14,953		)
Net Cash Provided by Financing Activities	324,281			—		358,174			(362,982		)	319,473
Effect of Exchange Rate Changes on Cash and Cash Equivalents	(141		)	—		2,327			—			2,186
NET (DECREASE) INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	(20,015		)	281		20,235			—			501
Cash, Cash Equivalents and Restricted Cash at Beginning of Year	38,484			226		19,840			—			58,550
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF YEAR	$	18,469		$	507	$	40,075		$	—		$	59,051



Condensed Consolidated Statement of Cash Flows
For the year ended December 31, 2016
(in thousands)	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total Tennant Company
OPERATING ACTIVITIES
Net Cash Provided by Operating Activities	$	44,147		$	239		$	14,090		$	(598	)	$	57,878
INVESTING ACTIVITIES
Purchases of Property, Plant and Equipment	(21,507		)	(13		)	(5,006		)	—			(26,526		)
Proceeds from Disposals of Property, Plant and Equipment	377			—			238			—			615
Acquisition of Businesses, Net of Cash Acquired	—			(11,539		)	(1,394		)	—			(12,933		)
Issuance of Long-Term Note Receivable	—			—			(2,000		)	—			(2,000		)
Loan Borrowings (Payments) from Subsidiaries	8,690			—			—			(8,690		)	—
Proceeds from Sale of Business	—			—			285			—			285
Change in Investments in Subsidiaries	(19,594		)	—			—			19,594			—
Net Cash Used in Investing Activities	(32,034		)	(11,552		)	(7,877		)	10,904			(40,559		)
FINANCING ACTIVITIES
Loan (Payments) Borrowings from Parent	—			7,969			(16,659		)	8,690			—
Change in Subsidiary Entity	—			3,570			16,024			(19,594		)	—
Payments of Long-Term Debt	(3,429		)	—			(31		)	—			(3,460		)
Proceeds from Issuance of Long-Term Debt	15,000			—			—			—			15,000
Purchases of Common Stock	(12,762		)	—			—			—			(12,762		)
Proceeds from Issuances of Common Stock	5,271			—			—			—			5,271
Excess Tax Benefit on Stock Plans	686			—			—			—			686
Dividends Paid	(14,293		)	—			(598		)	598			(14,293		)
Net Cash (Used in) Provided by Financing Activities	(9,527		)	11,539			(1,264		)	(10,306		)	(9,558		)
Effect of Exchange Rate Changes on Cash and Cash Equivalents	63			—			(1,213		)	—			(1,150		)
NET INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	2,649			226			3,736			—			6,611
Cash, Cash Equivalents and Restricted Cash at Beginning of Year	35,835			—			16,104			—			51,939
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF YEAR	$	38,484		$	226		$	19,840		$	—		$	58,550