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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
ASSETS    
Cash, cash equivalents, and restricted cash $ 95.8 $ 77.4
Receivables, less allowances of $8.0 and $6.1, respectively 263.5 251.5
Inventories 198.4 206.6
Prepaid and other current assets 32.1 39.8
Total current assets 589.8 575.3
Property, plant and equipment, less accumulated depreciation of $297.4 and $279.3, respectively 184.6 179.9
Operating lease assets 32.2 31.8
Goodwill 185.6 182.0
Intangible assets, net 69.6 76.4
Other assets 46.5 39.7
Total assets 1,108.3 1,085.1
LIABILITIES AND EQUITY    
Current portion of long-term debt 5.3 5.2
Accounts payable 113.0 126.1
Employee compensation and benefits 51.6 44.0
Other current liabilities 87.9 86.3
Total current liabilities 257.8 261.6
Long-term debt 272.7 295.1
Long-term operating lease liabilities 17.4 17.1
Employee benefits 13.2 13.2
Deferred income taxes 9.7 11.5
Other liabilities 15.6 14.5
Total long-term liabilities 328.6 351.4
Total liabilities 586.4 613.0
Commitments and contingencies (Note 11)
Common Stock, $0.375 par value; 60,000,000 shares authorized; 18,540,598 and 18,521,485 shares issued and outstanding, respectively 7.0 7.0
Additional paid-in capital 54.1 56.0
Retained earnings 503.8 458.0
Accumulated other comprehensive loss (44.3) (50.2)
Total Tennant Company shareholders' equity 520.6 470.8
Noncontrolling interest 1.3 1.3
Total equity 521.9 472.1
Total liabilities and total equity $ 1,108.3 $ 1,085.1