XML 17 R5.htm IDEA: XBRL DOCUMENT v3.24.1.u1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
ASSETS    
Cash, cash equivalents, and restricted cash $ 88.8 $ 117.1
Receivables, less allowances of $7.1 and $7.2, respectively 257.3 247.6
Inventories 181.4 175.9
Prepaid and other current assets 33.6 28.5
Total current assets 561.1 569.1
Property, plant and equipment, less accumulated depreciation of $307.4 and $304.0, respectively 184.7 187.7
Operating lease assets 40.4 41.7
Goodwill 192.2 187.4
Intangible assets, net 72.3 63.1
Other assets 101.0 64.4
Total assets 1,151.7 1,113.4
LIABILITIES AND EQUITY    
Current portion of long-term debt 7.2 6.4
Accounts payable 124.9 111.4
Employee compensation and benefits 46.7 67.3
Other current liabilities 81.6 88.6
Total current liabilities 260.4 273.7
Long-term debt 207.4 194.2
Long-term operating lease liabilities 27.1 27.4
Employee benefits 13.7 13.3
Deferred income taxes 8.4 5.0
Other liabilities 18.8 21.5
Total long-term liabilities 275.4 261.4
Total liabilities 535.8 535.1
Commitments and contingencies (Note 12)
Common Stock, $0.375 par value; 60,000,000 shares authorized; 19,006,838 and 18,631,384 shares issued and outstanding, respectively 7.1 7.0
Additional paid-in capital 86.5 64.9
Retained earnings 570.5 547.4
Accumulated other comprehensive loss (49.5) (42.3)
Total Tennant Company shareholders' equity 614.6 577.0
Noncontrolling interest 1.3 1.3
Total equity 615.9 578.3
Total liabilities and total equity $ 1,151.7 $ 1,113.4