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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
ASSETS    
Cash, cash equivalents, and restricted cash $ 110.4 $ 123.6
Receivables, less allowances of $5.6 and $5.3, respectively 199.5 211.4
Inventories 184.4 160.6
Prepaid and other current assets 30.5 31.2
Total current assets 524.8 526.8
Property, plant and equipment, less accumulated depreciation of $265.1 and $258.4, respectively 171.2 172.8
Operating lease assets 38.6 41.3
Goodwill 190.0 193.1
Carrying value 91.6 98.0
Other assets 34.0 29.7
Total assets 1,050.2 1,061.7
Current portion of long-term debt [1] 4.7 4.2
Accounts payable 120.0 121.5
Employee compensation and benefits 48.0 60.6
Other current liabilities 93.7 104.0
Total current liabilities 266.4 290.3
Long-term debt 276.9 263.4
Long-term operating lease liabilities 22.9 25.4
Employee-related benefits 16.2 16.3
Deferred income taxes 19.6 20.6
Other liabilities 10.9 10.6
Total long-term liabilities 346.5 336.3
Total liabilities 612.9 626.6
Commitments and contingencies (Note 12)
Common Stock, $0.375 par value; 60,000,000 shares authorized; 18,579,816 and 18,535,116 shares issued and outstanding, respectively 7.0 7.0
Additional paid-in capital 54.6 54.1
Retained earnings 416.3 410.6
Accumulated other comprehensive loss (41.9) (37.9)
Total Tennant Company shareholders' equity 436.0 433.8
Noncontrolling interest 1.3 1.3
Total equity 437.3 435.1
Total liabilities and total equity $ 1,050.2 $ 1,061.7
[1] As of March 31, 2022, the Company is required to repay $4.4 million in outstanding credit facility borrowings and $0.3 million of current maturities of secured borrowings over the next 12 months.