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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
ASSETS    
Cash, cash equivalents, and restricted cash $ 99.8 $ 117.1
Receivables, less allowances of $7.1 and $7.2, respectively 259.1 247.6
Inventories 183.8 175.9
Prepaid and other current assets 33.9 28.5
Total current assets 576.6 569.1
Property, plant and equipment, less accumulated depreciation of $310.9 and $304.0, respectively 184.4 187.7
Operating lease assets 54.6 41.7
Goodwill 185.6 187.4
Intangible assets, net 58.7 63.1
Other assets 130.2 64.4
Total assets 1,190.1 1,113.4
LIABILITIES AND TOTAL EQUITY    
Current portion of long-term debt 1.3 6.4
Accounts payable 126.9 111.4
Employee compensation and benefits 60.5 67.3
Other current liabilities 103.5 88.6
Total current liabilities 292.2 273.7
Long-term debt 198.2 194.2
Long-term operating lease liabilities 36.3 27.4
Employee-related benefits 13.5 13.3
Deferred income taxes 4.9 5.0
Other liabilities 22.9 21.5
Total long-term liabilities 275.8 261.4
Total liabilities 568.0 535.1
Commitments and contingencies (Note 16)
Common stock, $0.375 par value per share, 60,000,000 shares authorized; 18,849,456 and 18,631,384 issued and outstanding, respectively 7.1 7.0
Additional paid-in capital 76.7 64.9
Retained earnings 609.7 547.4
Accumulated other comprehensive loss (72.7) (42.3)
Total Tennant Company shareholders' equity 620.8 577.0
Noncontrolling interest 1.3 1.3
Total equity 622.1 578.3
Total liabilities and total equity $ 1,190.1 $ 1,113.4