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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Net sales $ 272.0 $ 261.9 $ 814.4 $ 728.0
Cost of sales 162.8 158.3 477.0 432.0
Gross profit 109.2 103.6 337.4 296.0
Research and development expense 8.4 7.4 24.1 21.4
Selling and administrative expense 76.9 77.8 232.7 218.9
Operating income 23.9 18.4 80.6 55.7
Interest expense, net (0.6) (4.4) (6.6) (13.4)
Net foreign currency transaction loss (0.7) (0.9) (0.2) (5.0)
Loss on extinguishment of debt 0.0 0.0 11.3 0.0
Other expense, net (0.3) (0.2) 0.0 (0.2)
Income before income taxes 22.3 12.9 62.5 37.1
Income tax expense 0.8 1.2 5.5 5.9
Net income including noncontrolling interest 21.5 11.7 57.0 31.2
Net income attributable to Tennant Company $ 21.5 $ 11.7 $ 57.0 $ 31.2
Net income attributable to Tennant Company per share        
Basic (in dollars per share) $ 1.16 $ 0.64 $ 3.08 $ 1.70
Diluted (in dollars per share) $ 1.14 $ 0.63 $ 3.02 $ 1.68
Weighted average shares outstanding        
Basic (in shares) 18,554,136 18,371,883 18,519,523 18,335,430
Diluted (in shares) 18,871,217 18,648,328 18,869,898 18,623,967