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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
ASSETS    
Cash, cash equivalents, and restricted cash $ 91.4 $ 77.4
Receivables, less allowances of $7.8 and $6.1, respectively 254.3 251.5
Inventories 203.6 206.6
Prepaid and other current assets 33.1 39.8
Total current assets 582.4 575.3
Property, plant and equipment, less accumulated depreciation of $287.3 and $279.3, respectively 182.8 179.9
Operating lease assets 33.4 31.8
Goodwill 185.0 182.0
Intangible assets, net 73.2 76.4
Other assets 43.9 39.7
Total assets 1,100.7 1,085.1
LIABILITIES AND EQUITY    
Current portion of long-term debt 5.3 5.2
Accounts payable 117.6 126.1
Employee compensation and benefits 44.9 44.0
Other current liabilities 89.0 86.3
Total current liabilities 256.8 261.6
Long-term debt 293.8 295.1
Long-term operating lease liabilities 18.3 17.1
Employee benefits 13.3 13.2
Deferred income taxes 10.5 11.5
Other liabilities 14.8 14.5
Total long-term liabilities 350.7 351.4
Total liabilities 607.5 613.0
Commitments and contingencies (Note 11)
Common stock, $0.375 par value; 60,000,000 shares authorized; 18,541,033 and 18,521,485 shares issued and outstanding, respectively 7.0 7.0
Additional paid-in capital 53.0 56.0
Retained earnings 477.4 458.0
Accumulated other comprehensive loss (45.5) (50.2)
Total Tennant Company shareholders' equity 491.9 470.8
Noncontrolling interest 1.3 1.3
Total equity 493.2 472.1
Total liabilities and total equity $ 1,100.7 $ 1,085.1