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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Millions
Jun. 30, 2021
Dec. 31, 2020
ASSETS    
Cash, cash equivalents, and restricted cash $ 135.1 $ 141.0
Receivables, less allowances of $5.1 and $4.6, respectively 207.6 199.9
Inventories 148.2 127.7
Prepaid and other current assets 31.5 25.0
Total current assets 522.4 493.6
Property, plant and equipment, less accumulated depreciation of $262.5 and $252.0, respectively 172.1 185.5
Operating lease assets 45.6 44.5
Goodwill 202.0 207.8
Intangible assets, net 111.1 126.2
Other assets 28.2 25.0
Total assets 1,081.4 1,082.6
Current portion of long-term debt [1] 3.2 10.9
Accounts payable 118.5 106.3
Employee compensation and benefits 61.0 53.7
Other current liabilities 101.6 83.4
Total current liabilities 284.3 254.3
Long-term debt 266.0 297.6
Long-term operating lease liabilities 29.5 28.7
Employee-related benefits 17.3 17.9
Deferred income taxes 33.4 39.1
Other liabilities 13.4 38.9
Total long-term liabilities 359.6 422.2
Total liabilities 643.9 676.5
Commitments and contingencies (Note 12)
Common Stock, $0.375 par value; 60,000,000 shares authorized; 18,665,065 and 18,503,805 shares issued and outstanding, respectively 7.0 6.9
Additional paid-in capital 64.9 54.7
Retained earnings 390.2 363.3
Accumulated other comprehensive loss (25.9) (20.1)
Total Tennant Company shareholders' equity 436.2 404.8
Noncontrolling interest 1.3 1.3
Total equity 437.5 406.1
Total liabilities and total equity $ 1,081.4 $ 1,082.6
[1] As of June 30, 2021, the Company is required to repay $2.5 million in outstanding credit facility borrowings, $0.6 million of current maturities of secured borrowings and $0.1 million of current maturities of finance lease liabilities over the next 12 months.