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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2021
Dec. 31, 2020
ASSETS    
Cash, cash equivalents, and restricted cash $ 123.6 $ 141.0
Receivables, less allowances of $5.3 and $4.6, respectively 211.4 199.9
Inventories 160.6 127.7
Prepaid and other current assets 31.2 25.0
Total current assets 526.8 493.6
Property, plant and equipment, less accumulated depreciation of $258.4 and $252.0, respectively 172.8 185.5
Operating lease assets 41.3 44.5
Goodwill 193.1 207.8
Intangible assets, net 98.0 126.2
Other assets 29.7 25.0
Total assets 1,061.7 1,082.6
Current portion of long-term debt [1] 4.2 10.9
Accounts payable 121.5 106.3
Employee compensation and benefits 60.6 53.7
Other current liabilities 104.0 83.4
Total current liabilities 290.3 254.3
Long-term debt 263.4 297.6
Long-term operating lease liabilities 25.4 28.7
Employee-related benefits 16.3 17.9
Deferred income taxes 20.6 39.1
Other liabilities 10.6 38.9
Total long-term liabilities 336.3 422.2
Total liabilities 626.6 676.5
Commitments and contingencies (Note 16)
Common stock, $0.375 par value per share, 60,000,000 shares authorized; 18,535,116 and 18,503,805 issued and outstanding, respectively 7.0 6.9
Additional paid-in capital 54.1 54.7
Retained earnings 410.6 363.3
Accumulated other comprehensive loss (37.9) (20.1)
Total Tennant Company shareholders' equity 433.8 404.8
Noncontrolling interest 1.3 1.3
Total equity 435.1 406.1
Total liabilities and total equity $ 1,061.7 $ 1,082.6
[1] As of September 30, 2021, the Company is required to repay $3.1 million in outstanding credit facility borrowings and $0.6 million of current maturities of secured borrowings over the next 12 months.