Acquisitions (Tables)

6 Months Ended

Jun. 30, 2017

Business Acquisition, Pro Forma 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, 2017 and 2016. The unaudited pro forma financial information is presented for informational purposes only. It is not necessarily indicative of what our consolidated results of operations actually would have been had the acquisition occurred at the beginning of each year, nor does it attempt to project the future results of operations of the combined company.

Pro Forma Financial Information (Unaudited)

	Three Months Ended					Six Months Ended
(In thousands, except per share data)	June 30					June 30
	2017			2016		2017			2016
Net Sales
Pro forma	$	270,791		$	269,689	$	517,163		$	497,896
As reported	270,791			216,828		461,850			396,692

Net Earnings (Loss) Attributable to Tennant Company
Pro forma	$	10,308		$	13,577	$	10,260		$	15,889
As reported	(2,591		)	15,328		(6,548		)	19,767

Net Earnings (Loss) Attributable to Tennant Company per Share
Pro forma	$	0.58		$	0.76	$	0.58		$	0.88
As reported	(0.15		)	0.85		(0.37		)	1.10

IPC Group

Business Acquisition [Line Items]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

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



ASSETS
Restricted Cash	538
Receivables	40,067
Inventories	54,222
Other Current Assets	4,362
Assets Held for Sale	2,247
Property, Plant and Equipment	62,845
Intangible Assets Subject to Amortization:
Trade Name	29,963
Customer Lists	115,571
Noncompete Agreements	3,210
Other Assets	4,168
Total Identifiable Assets Acquired	317,193
LIABILITIES
Accounts Payable	31,529
Accrued Expenses	15,756
Deferred Income Taxes	58,573
Other Liabilities	6,967
Total Identifiable Liabilities Assumed	112,825
Net Identifiable Assets Acquired	204,368
Noncontrolling Interest	(3,312		)
Goodwill	152,713
Total Estimated Purchase Price, net of Cash Acquired	$	353,769

Florock and Dofesa

Business Acquisition [Line Items]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The preliminary components of the purchase price of the business combinations described above have been allocated as follows:



Current Assets	$	5,949
Property, Plant and Equipment, net	4,112
Identified Intangible Assets	6,055
Goodwill	1,739
Other Assets	7
Total Assets Acquired	17,862
Current Liabilities	4,764
Other Liabilities	53
Total Liabilities Assumed	4,817
Net Assets Acquired	$	13,045