Acquisitions (Tables)

12 Months Ended

Dec. 31, 2018

Dec. 31, 2017

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the final fair value measurement of the assets acquired and liabilities assumed as of the date of acquisition:



ASSETS
Receivables	$	39,984
Inventories	46,442
Other Current Assets	7,456
Assets Held for Sale	2,247
Property, Plant and Equipment	63,890
Intangible Assets Subject to Amortization:
Trade Name	26,753
Customer Lists	123,061
Technology	9,631
Other Assets	2,000
Total Identifiable Assets Acquired	321,464
LIABILITIES
Accounts Payable	32,227
Accrued Expenses	18,130
Deferred Income Taxes	56,950
Other Liabilities	10,964
Total Identifiable Liabilities Assumed	118,271
Net Identifiable Assets Acquired	203,193
Noncontrolling Interest	(1,896		)
Goodwill	152,472
Total Estimated Purchase Price, net of Cash Acquired	$	353,769

Schedule of Pro Forma Financial Information

The following unaudited pro forma financial information presents the combined results of operations of Tennant Company as if the acquisition of IPC Group had occurred as of January 1, 2016:



Years ended December 31	2017			2016
Net Sales
Pro forma	$	1,057,127		$	1,013,710
As reported	1,003,066			808,572

Net Earnings (Loss) Attributable to Tennant Company
Pro forma	$	12,288		$	30,412
As reported	(6,195		)	46,614

Net Earnings (Loss) Attributable to Tennant Company per Diluted Share
Pro forma	$	0.68		$	1.69
As reported	(0.35		)	2.59