XML 18 R2.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Statements of Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Net sales $ 279.1 $ 214.0 $ 542.4 $ 466.1
Cost of sales 164.2 124.5 314.2 273.8
Gross profit 114.9 89.5 228.2 192.3
Research and development expense 8.3 6.6 15.7 14.0
Selling and administrative expense 86.2 60.0 155.8 141.0
Operating income 20.4 22.9 56.7 37.3
Interest expense, net (2.1) (4.8) (6.0) (9.0)
Net foreign currency transaction gain (loss) 0.0 0.0 0.5 (4.1)
Loss on extinguishment of debt 11.3 0.0 11.3 0.0
Other income (expense), net 0.2 (0.2) 0.3 0.0
Income before income taxes 7.2 17.9 40.2 24.2
Income tax (benefit) expense (2.6) 3.6 4.7 4.7
Net income including noncontrolling interest 9.8 14.3 35.5 19.5
Net income attributable to Tennant Company $ 9.8 $ 14.3 $ 35.5 $ 19.5
Net income attributable to Tennant Company per share        
Basic (in dollars per share) $ 0.53 $ 0.78 $ 1.92 $ 1.06
Diluted (in dollars per share) $ 0.51 $ 0.77 $ 1.88 $ 1.05
Weighted average shares outstanding        
Basic (in shares) 18,547,276 18,347,189 18,501,930 18,317,003
Diluted (in shares) 18,931,703 18,584,693 18,879,616 18,614,527