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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
ASSETS    
Cash, cash equivalents, and restricted cash $ 77.4 $ 123.6
Receivables, less allowances of $6.1 and $5.3, respectively 251.5 211.4
Inventories 206.6 160.6
Prepaid and other current assets 39.8 31.2
Total current assets 575.3 526.8
Property, plant and equipment, less accumulated depreciation of $279.3 and $258.4, respectively 179.9 172.8
Operating lease assets 31.8 41.3
Goodwill 182.0 193.1
Intangible assets, net 76.4 98.0
Other assets 39.7 29.7
Total assets 1,085.1 1,061.7
LIABILITIES AND TOTAL EQUITY    
Current portion of long-term debt 5.2 4.2
Accounts payable 126.1 121.5
Employee compensation and benefits 44.0 60.6
Other current liabilities 86.3 104.0
Total current liabilities 261.6 290.3
Long-term debt 295.1 263.4
Long-term operating lease liabilities 17.1 25.4
Employee-related benefits 13.2 16.3
Deferred income taxes 11.5 20.6
Other liabilities 14.5 10.6
Total long-term liabilities 351.4 336.3
Total liabilities 613.0 626.6
Commitments and contingencies
Common stock, $0.375 par value per share, 60,000,000 shares authorized; 18,521,485 and 18,535,116 issued and outstanding, respectively 7.0 7.0
Additional paid-in capital 56.0 54.1
Retained earnings 458.0 410.6
Accumulated other comprehensive loss (50.2) (37.9)
Total Tennant Company shareholders' equity 470.8 433.8
Noncontrolling interest 1.3 1.3
Total equity 472.1 435.1
Total liabilities and total equity $ 1,085.1 $ 1,061.7