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Consolidated Statements of Income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Net sales $ 1,090.8 $ 1,001.0 $ 1,137.6
Cost of sales 652.8 593.2 675.9
Gross profit 438.0 407.8 461.7
Selling and administrative expense 321.9 314.0 357.2
Research and development expense 32.2 30.1 32.7
Gain on sale of business (9.8) 0.0 0.0
Operating income 93.7 63.7 71.8
Interest expense, net (7.3) (17.4) (17.8)
Net foreign currency transaction loss (0.7) (5.3) (0.7)
Loss on extinguishment of debt 11.3 0.0 0.0
Other (expense) income, net (0.3) 0.1 0.7
Income before income taxes 74.1 41.1 54.0
Income tax expense 9.2 7.4 8.1
Net income including noncontrolling interest 64.9 33.7 45.9
Net income attributable to noncontrolling interest 0.0 0.0 0.1
Net income attributable to Tennant Company $ 64.9 $ 33.7 $ 45.8
Net income attributable to Tennant Company per share:      
Basic (in dollars per share) $ 3.51 $ 1.84 $ 2.53
Diluted (in dollars per share) $ 3.44 $ 1.81 $ 2.48
Weighted average shares outstanding:      
Basic (in shares) 18,499,674 18,349,724 18,118,486
Diluted (in shares) 18,849,217 18,635,002 18,453,145