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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Millions
Jun. 30, 2022
Dec. 31, 2021
ASSETS    
Cash, cash equivalents, and restricted cash $ 73.8 $ 123.6
Receivables, less allowances of $5.3 and $5.3, respectively 215.7 211.4
Inventories 188.6 160.6
Prepaid and other current assets 43.0 31.2
Total current assets 521.1 526.8
Property, plant and equipment, less accumulated depreciation of $261.5 and $258.4, respectively 169.3 172.8
Operating lease assets 36.9 41.3
Goodwill 180.3 193.1
Intangible assets, net 83.1 98.0
Other assets 34.5 29.7
Total assets 1,025.2 1,061.7
LIABILITIES AND EQUITY    
Current portion of long-term debt [1] 5.2 4.2
Accounts payable 120.4 121.5
Employee compensation and benefits 50.4 60.6
Other current liabilities 88.9 104.0
Total current liabilities 264.9 290.3
Long-term debt 260.6 263.4
Long-term operating lease liabilities 21.7 25.4
Employee benefits 15.4 16.3
Deferred income taxes 17.9 20.6
Other liabilities 10.7 10.6
Total long-term liabilities 326.3 336.3
Total liabilities 591.2 626.6
Commitments and contingencies (Note 12)
Common Stock, $0.375 par value; 60,000,000 shares authorized; 18,589,675 and 18,535,116 shares issued and outstanding, respectively 7.0 7.0
Additional paid-in capital 55.4 54.1
Retained earnings 428.3 410.6
Accumulated other comprehensive loss (58.0) (37.9)
Total Tennant Company shareholders' equity 432.7 433.8
Noncontrolling interest 1.3 1.3
Total equity 434.0 435.1
Total liabilities and total equity $ 1,025.2 $ 1,061.7
[1] As of June 30, 2022, the Company is required to repay $5.0 million in outstanding credit facility borrowings and $0.2 million of current maturities of secured borrowings over the next 12 months.