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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
ASSETS    
Cash, cash equivalents, and restricted cash $ 117.1 $ 77.4
Receivables, less allowances of $7.2 and $6.1, respectively 247.6 251.5
Inventories 175.9 206.6
Prepaid and other current assets 28.5 39.8
Total current assets 569.1 575.3
Property, plant and equipment, less accumulated depreciation of $304.0 and $279.3, respectively 187.7 179.9
Operating lease assets 41.7 31.8
Goodwill 187.4 182.0
Intangible assets, net 63.1 76.4
Other assets 64.4 39.7
Total assets 1,113.4 1,085.1
LIABILITIES AND TOTAL EQUITY    
Current portion of long-term debt 6.4 5.2
Accounts payable 111.4 126.1
Employee compensation and benefits 67.3 44.0
Other current liabilities 88.6 86.3
Total current liabilities 273.7 261.6
Long-term debt 194.2 295.1
Long-term operating lease liabilities 27.4 17.1
Employee-related benefits 13.3 13.2
Deferred income taxes 5.0 11.5
Other liabilities 21.5 14.5
Total long-term liabilities 261.4 351.4
Total liabilities 535.1 613.0
Commitments and contingencies (Note 16)
Common stock, $0.375 par value per share, 60,000,000 shares authorized; 18,631,384 and 18,521,485 issued and outstanding, respectively 7.0 7.0
Additional paid-in capital 64.9 56.0
Retained earnings 547.4 458.0
Accumulated other comprehensive loss (42.3) (50.2)
Total Tennant Company shareholders' equity 577.0 470.8
Noncontrolling interest 1.3 1.3
Total equity 578.3 472.1
Total liabilities and total equity $ 1,113.4 $ 1,085.1