Tennant (TNC) 10-Q 30 Oct 15 2015 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information Document - shares	9 Months Ended
	Sep. 30, 2015	Oct. 15, 2015
Entity Information
Entity Registrant Name	Tennant Company
Entity Central Index Key	97,134
Document Type	10-Q
Document Period End Date	Sep. 30, 2015
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		17,837,213
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3
Amendment Flag	false

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Net Sales	$ 204,802	$ 202,643	$ 605,946	$ 605,706
Cost of Sales	116,145	115,480	344,175	346,363
Gross Profit	88,657	87,163	261,771	259,343
Operating Expense:
Research and Development Expense	8,207	6,844	24,321	21,976
Selling and Administrative Expense	64,681	63,215	190,840	187,885
Impairment of Long-Lived Assets	11,199	0	11,199	0
Total Operating Expense	84,087	70,059	226,360	209,861
Profit from Operations	4,570	17,104	35,411	49,482
Other Income (Expense):
Interest Income	42	84	145	254
Interest Expense	(215)	(396)	(1,011)	(1,301)
Net Foreign Currency Transaction Losses	(272)	(276)	(940)	(156)
Other Expense, Net	(174)	(162)	(411)	(282)
Total Other Expense, Net	(619)	(750)	(2,217)	(1,485)
Profit Before Income Taxes	3,951	16,354	33,194	47,997
Income Tax Expense	4,902	4,562	14,302	14,887
Net (Loss) Earnings	$ (951)	$ 11,792	$ 18,892	$ 33,110
Net (Loss) Earnings per Share:
Basic	$ (0.05)	$ 0.65	$ 1.04	$ 1.82
Diluted	$ (0.05)	$ 0.63	$ 1.01	$ 1.77
Weighted Average Shares Outstanding:
Basic	17,941,171	18,120,729	18,139,314	18,201,291
Diluted	17,941,171	18,635,287	18,618,031	18,727,818
Cash Dividend Declared per Common Share	$ 0.20	$ 0.20	$ 0.60	$ 0.58

Condensed Consolidated Stateme3

Condensed Consolidated Statements of Comprehensive (Loss) Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Net (Loss) Earnings	$ (951)	$ 11,792	$ 18,892	$ 33,110
Other Comprehensive (Loss) Income:
Foreign currency translation adjustments	(5,559)	(6,963)	(11,755)	(5,112)
Pension and retiree medical benefits	220	46	658	138
Cash flow hedge	71	0	71	0
Income Taxes:
Foreign currency translation adjustments	134	(6)	133	7
Pension and retiree medical benefits	(82)	(17)	(245)	(51)
Cash flow hedge	(27)	0	(27)	0
Total Other Comprehensive Loss, net of tax	(5,243)	(6,940)	(11,165)	(5,018)
Comprehensive (Loss) Income	$ (6,194)	$ 4,852	$ 7,727	$ 28,092

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Current Assets:
Cash and Cash Equivalents	$ 56,807	$ 92,962
Restricted Cash	614	352
Accounts Receivable, less Allowances of $4,317 and $3,936, respectively	137,230	152,383
Inventories	83,315	80,511
Prepaid Expenses	11,661	9,552
Deferred Income Taxes, Current Portion	9,609	9,738
Other Current Assets	2,418	1,591
Assets Held for Sale	7,747	0
Total Current Assets	309,401	347,089
Property, Plant and Equipment	267,619	262,214
Accumulated Depreciation	(179,837)	(175,671)
Property, Plant and Equipment, Net	87,782	86,543
Deferred Income Taxes, Long-Term Portion	7,227	8,165
Goodwill	16,822	18,355
Intangible Assets, Net	3,320	15,588
Other Assets	10,728	11,192
Total Assets	435,280	486,932
Current Liabilities:
Short-Term Borrowings and Current Portion of Long-Term Debt	3,435	3,566
Accounts Payable	54,394	61,627
Employee Compensation and Benefits	36,541	33,842
Income Taxes Payable	1,175	1,087
Other Current Liabilities	42,670	45,508
Liabilities Held for Sale	1,252	0
Total Current Liabilities	139,467	145,630
Long-Term Liabilities:
Long-Term Debt	21,143	24,571
Employee-Related Benefits	24,017	25,711
Deferred Income Taxes, Long-Term Portion	1,614	5,989
Other Liabilities	3,688	4,380
Total Long-Term Liabilities	50,462	60,651
Total Liabilities	$ 189,929	$ 206,281
Commitments and Contingencies (Note 12)
Shareholders' Equity:
Preferred Stock, $0.02 par value; 1,000,000 shares authorized; no shares issued or outstanding	$ 0	$ 0
Common Stock, $0.375 par value; 60,000,000 shares authorized; 17,837,463 and 18,415,047 shares issued and outstanding, respectively	6,689	6,906
Additional Paid-In Capital	0	26,247
Retained Earnings	288,420	286,091
Accumulated Other Comprehensive Loss	(49,758)	(38,593)
Total Shareholders' Equity	245,351	280,651
Total Liabilities and Shareholders' Equity	$ 435,280	$ 486,932

Condensed Consolidated Balance5

Condensed Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Current Assets:
Allowance For Doubtful Receivables And Sales Returns	$ 4,317	$ 3,936
Shareholders' Equity:
Preferred Stock, par value per share	$ 0.02	$ 0.02
Preferred Stock, shares authorized	1,000,000	1,000,000
Preferred Stock, shares issued	0	0
Preferred Stock, shares outstanding	0	0
Common Stock, par value per share	$ 0.375	$ 0.375
Common Stock, shares authorized	60,000,000	60,000,000
Common Stock, shares issued	17,837,463	18,415,047
Common Stock, shares outstanding	17,837,463	18,415,047

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
OPERATING ACTIVITIES
Net Earnings	$ 18,892	$ 33,110
Adjustments to reconcile Net Earnings to Net Cash Provided by Operating Activities:
Depreciation	11,964	13,186
Amortization	1,368	1,812
Impairment of Long-Lived Assets	11,199	0
Deferred Income Taxes	(4,161)	3,136
Share-Based Compensation Expense	6,580	5,261
Allowance for Doubtful Accounts and Returns	1,426	1,248
Other, Net	(102)	(45)
Changes in Operating Assets and Liabilities:
Receivables	6,693	(6,077)
Inventories	(14,712)	(21,720)
Accounts Payable	(4,720)	5,879
Employee Compensation and Benefits	2,354	1,755
Other Current Liabilities	(872)	216
Income Taxes	(825)	137
Other Assets and Liabilities	(4,180)	(1,073)
Net Cash Provided by Operating Activities	30,904	36,825
INVESTING ACTIVITIES
Purchases of Property, Plant and Equipment	(14,597)	(13,476)
Proceeds from Disposals of Property, Plant and Equipment	257	235
Proceeds from Divestiture of Businesses	1,188	1,418
Increase in Restricted Cash	(319)	(12)
Net Cash Used in Investing Activities	(13,471)	(11,835)
FINANCING ACTIVITIES
Payments of Short-Term Debt	0	(1,500)
Payment of Long-Term Debt	(3,429)	(2,015)
Purchases of Common Stock	(39,123)	(13,609)
Proceeds from Issuance of Common Stock	981	1,650
Excess Tax Benefit on Stock Plans	707	1,620
Dividends Paid	(10,953)	(10,854)
Net Cash Used in Financing Activities	(51,817)	(24,708)
Effect of Exchange Rate Changes on Cash and Cash Equivalents	(1,771)	(1,482)
Net Decrease in Cash and Cash Equivalents	(36,155)	(1,200)
Cash and Cash Equivalents at Beginning of Period	92,962	80,984
Cash and Cash Equivalents at End of Period	56,807	79,784
Supplemental Disclosure of Cash Flow Information:
Cash Paid for Income Taxes	18,052	8,274
Cash Paid for Interest	886	1,107
Supplemental Non-cash Investing and Financing Activities:
Capital Expenditures in Accounts Payable	$ 721	$ 1,001

Basis of Presentation

Basis of Presentation	9 Months Ended
	Sep. 30, 2015
Basis of Presentation [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited Condensed Consolidated Financial Statements have been prepared in accordance with the Securities and Exchange Commission (“SEC”) requirements for interim reporting, which allows certain footnotes and other financial information normally required by accounting principles generally accepted in the United States of America to be condensed or omitted. In our opinion, the Condensed Consolidated Financial Statements contain all adjustments (consisting of only normal recurring adjustments) necessary for the fair presentation of our financial position and results of operations. These statements should be read in conjunction with the Consolidated Financial Statements and Notes included in our annual report on Form 10-K for the year ended December 31, 2014 . The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year.

Management Action

Management Action	9 Months Ended
	Sep. 30, 2015
Restructuring and Related Activities [Abstract]
Management Actions	Management Action During the third quarter of 2015, we implemented a restructuring action to reduce our infrastructure costs that we anticipate will improve Selling and Administrative operating leverage in future quarters. The pre-tax charge of $1,779 recognized in the third quarter of 2015 consisted primarily of severance, the majority of which was in Europe, and was included within Selling and Administrative Expense in the Condensed Consolidated Statements of Operations. We believe the anticipated savings will offset the pre-tax charge in approximately one year. The charge impacted our Americas; Europe, Middle East and Africa (EMEA); and Asia Pacific (APAC) operating segments. We do not expect additional costs will be incurred related to this restructuring action. A reconciliation of the beginning and ending liability balances is as follows: Severance and Related Costs Q3 2015 restructuring action $ 1,779 Cash payments (423 ) Foreign currency adjustments (12 ) September 30, 2015 balance $ 1,344

Divestiture

Divestiture	9 Months Ended
	Sep. 30, 2015
Disposal Group, Not Discontinued Operation, Disposal Disclosures [Abstract]
Divestiture	Divestiture On July 31, 2012 , we entered into a Share Purchase Agreement (“SPA”) with M&F Management and Financing GmbH (“M&F”) for the sale of ownership of our subsidiary, Tennant CEE GmbH, and our minority interest in a joint venture, OOO Tennant. In exchange for the ownership of these entities, we received €815 , or $1,014 , in cash, as of the date of sale and financed the remaining €5,351 , for a total purchase price of €6,166 . A total of €2,126 , or $2,826 , was received in equal quarterly payments during 2013 and the first anniversary payment of €1,075 , or $1,435 , was received on July 31, 2013. The second anniversary payment of €1,075 , or $1,418 , was received on July 31, 2014. The third and final anniversary payment of €1,075 , or $1,188 , was received on July 31, 2015. As a result of this divestiture, we recorded a pre-tax gain of $784 in our Profit from Operations in the Condensed Consolidated Statements of Earnings for the year ended December 31, 2012. M&F is now a master distributor of Tennant products in the Central Eastern Europe, Middle East and Africa markets. In addition, as further discussed in Note 18, M&F was a related party to Tennant at the time of the transaction. We have identified M&F as a variable interest entity (“VIE”) and have performed a qualitative assessment that considered M&F's purpose and design, our involvement and the risks and benefits and determined that we are not the primary beneficiary of this VIE. The only financing we have provided to M&F was related to the SPA, as noted above, and there are no arrangements that would require us to provide significant financial support in the future. Assets and Liabilities Held for Sale On August 19, 2015, we adopted a plan to sell assets and liabilities of our Green Machines TM outdoor city cleaning line as a result of determining that the product line, which constitutes approximately two percent of our total sales, does not sufficiently complement our core business. We are in the process of identifying potential buyers and we anticipate the sale to be completed within the next year. The long-lived assets involved were tested for recoverability as of the balance sheet date; accordingly, a pre-tax impairment loss of $11,199 was recognized, which represents the amount by which the carrying values of the assets exceeded their fair value, less costs to sell. The $11,199 consisted of $10,577 of intangible assets and $622 of fixed assets. The impairment loss is recorded as a separate line item ("Impairment of Long-Lived Assets") in the Condensed Consolidated Statements of Operations. The carrying value of the assets and liabilities that are held for sale are separately presented in the Condensed Consolidated Balance Sheets in the captions "Assets Held for Sale" and "Liabilities Held for Sale", respectively. The long-lived assets classified as Held for Sale are no longer being depreciated. The assets and liabilities of Green Machines held for sale are comprised of the following at September 30, 2015 (in thousands): September 30, 2015 Assets: Accounts Receivable $ 3,210 Inventories 4,278 Prepaid Expenses 81 Property, Plant and Equipment, net 178 Total Assets Held for Sale $ 7,747 Liabilities: Accounts Payable 950 Other Current Liabilities 302 Total Liabilities Held for Sale $ 1,252

Inventories

Inventories	9 Months Ended
	Sep. 30, 2015
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories are valued at the lower of cost or market. Inventories at September 30, 2015 and December 31, 2014 consisted of the following: September 30, December 31, Inventories carried at LIFO: Finished goods $ 45,639 $ 41,687 Raw materials, production parts and work-in-process 24,019 24,458 LIFO reserve (28,166 ) (28,166 ) Total LIFO inventories 41,492 37,979 Inventories carried at FIFO: Finished goods 32,309 29,851 Raw materials, production parts and work-in-process 13,792 12,681 Inventories held for sale (4,278 ) — Total FIFO inventories 41,823 42,532 Total inventories $ 83,315 $ 80,511 The LIFO reserve approximates the difference between LIFO carrying cost and FIFO.

Assets and Liabilities Held for

Assets and Liabilities Held for Sale (Notes)	9 Months Ended
	Sep. 30, 2015
Discontinued Operations and Disposal Groups [Abstract]
Assets and Liabilities Held for Sale	Divestiture On July 31, 2012 , we entered into a Share Purchase Agreement (“SPA”) with M&F Management and Financing GmbH (“M&F”) for the sale of ownership of our subsidiary, Tennant CEE GmbH, and our minority interest in a joint venture, OOO Tennant. In exchange for the ownership of these entities, we received €815 , or $1,014 , in cash, as of the date of sale and financed the remaining €5,351 , for a total purchase price of €6,166 . A total of €2,126 , or $2,826 , was received in equal quarterly payments during 2013 and the first anniversary payment of €1,075 , or $1,435 , was received on July 31, 2013. The second anniversary payment of €1,075 , or $1,418 , was received on July 31, 2014. The third and final anniversary payment of €1,075 , or $1,188 , was received on July 31, 2015. As a result of this divestiture, we recorded a pre-tax gain of $784 in our Profit from Operations in the Condensed Consolidated Statements of Earnings for the year ended December 31, 2012. M&F is now a master distributor of Tennant products in the Central Eastern Europe, Middle East and Africa markets. In addition, as further discussed in Note 18, M&F was a related party to Tennant at the time of the transaction. We have identified M&F as a variable interest entity (“VIE”) and have performed a qualitative assessment that considered M&F's purpose and design, our involvement and the risks and benefits and determined that we are not the primary beneficiary of this VIE. The only financing we have provided to M&F was related to the SPA, as noted above, and there are no arrangements that would require us to provide significant financial support in the future. Assets and Liabilities Held for Sale On August 19, 2015, we adopted a plan to sell assets and liabilities of our Green Machines TM outdoor city cleaning line as a result of determining that the product line, which constitutes approximately two percent of our total sales, does not sufficiently complement our core business. We are in the process of identifying potential buyers and we anticipate the sale to be completed within the next year. The long-lived assets involved were tested for recoverability as of the balance sheet date; accordingly, a pre-tax impairment loss of $11,199 was recognized, which represents the amount by which the carrying values of the assets exceeded their fair value, less costs to sell. The $11,199 consisted of $10,577 of intangible assets and $622 of fixed assets. The impairment loss is recorded as a separate line item ("Impairment of Long-Lived Assets") in the Condensed Consolidated Statements of Operations. The carrying value of the assets and liabilities that are held for sale are separately presented in the Condensed Consolidated Balance Sheets in the captions "Assets Held for Sale" and "Liabilities Held for Sale", respectively. The long-lived assets classified as Held for Sale are no longer being depreciated. The assets and liabilities of Green Machines held for sale are comprised of the following at September 30, 2015 (in thousands): September 30, 2015 Assets: Accounts Receivable $ 3,210 Inventories 4,278 Prepaid Expenses 81 Property, Plant and Equipment, net 178 Total Assets Held for Sale $ 7,747 Liabilities: Accounts Payable 950 Other Current Liabilities 302 Total Liabilities Held for Sale $ 1,252

Goodwill and Intangible Assets

Goodwill and Intangible Assets	9 Months Ended
	Sep. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Goodwill and Intangible Assets The changes in the carrying value of Goodwill for the nine months ended September 30, 2015 were as follows: Goodwill Accumulated Impairment Losses Total Balance as of December 31, 2014 $ 64,858 $ (46,503 ) $ 18,355 Foreign currency fluctuations (3,244 ) 1,711 (1,533 ) Balance as of September 30, 2015 $ 61,614 $ (44,792 ) $ 16,822 The balances of acquired Intangible Assets, excluding Goodwill, as of September 30, 2015 and December 31, 2014 , were as follows: Customer Lists Trade Name Technology Total Balance as of September 30, 2015 Original cost $ 20,241 $ 3,970 $ 6,676 $ 30,887 Accumulated amortization (11,385 ) (2,110 ) (3,495 ) (16,990 ) Accumulated impairment losses (8,245 ) (1,860 ) (472 ) (10,577 ) Carrying value $ 611 $ — $ 2,709 $ 3,320 Weighted-average original life (in years) 15 14 13 Balance as of December 31, 2014 Original cost $ 21,946 $ 4,300 $ 6,915 $ 33,161 Accumulated amortization (12,099 ) (2,068 ) (3,406 ) (17,573 ) Carrying value $ 9,847 $ 2,232 $ 3,509 $ 15,588 Weighted-average original life (in years) 15 14 13 We recorded an impairment loss on the Green Machines trade name, customer lists and technology intangible assets during the third quarter of 2015, totaling $10,577 , due to our strategic decision to hold the assets of the Green Machines product line for sale. The impairment was included within Impairment of Long-Lived Assets in the Condensed Consolidated Statements of Operations. Amortization expense on Intangible Assets for the three and nine months ended September 30, 2015 was $332 and $1,368 , respectively. Amortization expense on Intangible Assets for the three and nine months ended September 30, 2014 was $589 and $1,812 , respectively. Estimated aggregate amortization expense based on the current carrying value of amortizable Intangible Assets for each of the five succeeding years and thereafter is as follows: Remaining 2015 $ 179 2016 343 2017 316 2018 311 2019 310 Thereafter 1,861 Total $ 3,320

Debt

Debt	9 Months Ended
	Sep. 30, 2015
Debt Disclosure [Abstract]
Debt	Debt Debt outstanding is summarized as follows: September 30, December 31, Long-Term Debt: Credit facility borrowings $ 24,571 $ 28,000 Collateralized borrowings 7 7 Capital lease obligations — 130 Total Debt 24,578 28,137 Less: Current Portion (3,435 ) (3,566 ) Long-Term Portion $ 21,143 $ 24,571 As of September 30, 2015 , we had committed lines of credit totaling $125,000 and uncommitted credit facilities totaling $87,235 . There were $10,000 in outstanding borrowings under our JPMorgan facility (described below) and $14,571 in outstanding borrowings under our Prudential facility (described below) as of September 30, 2015 . In addition, we had stand alone letters of credit and bank guarantees outstanding in the amount of $3,222 . Commitment fees on unused lines of credit for the nine months ended September 30, 2015 were $219 . Our most restrictive covenants are part of our 2015 Amended and Restated Credit Agreement (as defined below), which are the same covenants in the Shelf Agreement (as defined below) with Prudential (as defined below), and require us to maintain an indebtedness to EBITDA ratio of not greater than 3.25 to 1 and to maintain an EBITDA to interest expense ratio of no less than 3.50 to 1 as of the end of each quarter. As of September 30, 2015 , our indebtedness to EBITDA ratio was 0.36 to 1 and our EBITDA to interest expense ratio was 61.01 to 1 . Credit Facilities JPMorgan Chase Bank, National Association On June 30, 2015, we entered into an Amended and Restated Credit Agreement (the "Amended Credit Agreement") that amends and restates the Credit Agreement dated May 5, 2011 that was with JP Morgan Chase Bank, N.A. ("JPMorgan"), as administrative agent and collateral agent, U.S. Bank National Association, as syndication agent, Wells Fargo Bank, National Association, and RBS Citizens, N.A., as co-documentation agents, and the Lenders (including JPMorgan) from time to time party thereto, as amended by Amendment No. 1 dated April 25, 2013 (the "Credit Agreement"). The Amended Credit Agreement principally provides the following changes to the Credit Agreement: • extends the maturity date to June 30, 2020 ; • removes RBS Citizens, N.A. as a co-documentation agent; • changes the covenant regarding our indebtedness to EBITDA ratio at the end of each quarter to not greater than 3.25 to 1 ; • changes the covenant restricting us from paying dividends or repurchasing stock to allow no dividends or repurchases, if, after giving effect to such payments, our leverage ratio is greater than 3.25 to 1 ; • changes the covenant restricting us from making acquisitions, if after giving pro-forma effect to such acquisition, our leverage ratio is greater than 3.00 to 1 , in such case limiting acquisitions to $25,000 ; • changes the fees for committed funds under the Credit Agreement to an annual rate ranging from 0.175% to 0.300% , depending on our leverage ratio; • changes the rate at which Eurocurrency borrowings under the Credit Agreement bear interest to a rate per annum equal to adjusted LIBOR plus an additional spread of 1.075% to 1.700% , depending on our leverage ratio; • changes the rate at which ABR borrowings bear interest to a rate per annum equal to the greatest of (a) the prime rate, (b) the federal funds rate plus 0.50% and (c) the adjusted LIBOR rate for a one month period plus 1.00% , plus, in any such case, an additional spread of 0.075% to 0.700% , depending on our leverage ratio; and • changes related to new or recently revised financial regulations and other compliance matters. The full terms and conditions are set forth in the Amended Credit Agreement, a copy of which is filed as Exhibit 10.1 to our Form 8-K dated June 30, 2015. The original terms regarding our Credit Agreement are described in Note 8 of our annual report on Form 10-K for the year ended December 31, 2014. As of September 30, 2015 , we were in compliance with all covenants under the Amended Credit Agreement. There were $10,000 in outstanding borrowings under this facility at September 30, 2015 , with a weighted average interest rate of 1.27% . Prudential Investment Management, Inc. On June 30, 2015, we entered into Amendment No. 3 to our Private Shelf Agreement (the "Amendment"), which amends the Private Shelf Agreement, dated as of July 29, 2009, by and among the Company, Prudential Investment Management, Inc. and Prudential affiliates from time to time party thereto, as amended by Amendment No. 1 dated May 5, 2011 and Amendment No. 2 dated July 24, 2012 (the "Shelf Agreement"). The principal changes effected by the Amendment are an extension of the Issuance Period for Shelf Notes under the Shelf Agreement and to make the same corresponding changes as those made to the Credit Agreement under the Amended Credit Agreement. The Issuance Period now expires on June 30, 2018 . The full terms and conditions are set forth in the Amendment, a copy of which is filed as Exhibit 10.2 to our Form 8-K dated June 30, 2015. The original terms regarding the Shelf Agreement are described in Note 8 of our annual report on Form 10-K for the year ended December 31, 2014. As of September 30, 2015 , there were $14,571 in outstanding borrowings under this facility, consisting of $6,000 of Series A notes issued in March 2011 with a fixed interest rate of 4.00% and a seven year term, with remaining serial maturities from 2016 to 2018 and the $8,571 Series B notes issued in June 2011 with a fixed interest rate of 4.10% and a 10 year term, with remaining serial maturities from 2016 to 2021 . The second payment of $2,000 on Series A notes was made during the first quarter of 2015. The first payment of $1,429 on Series B notes was made during the second quarter of 2015. We were in compliance with all covenants under the Amendment as of September 30, 2015 . The Royal Bank of Scotland Citizens, N.A. On September 14, 2010 , we entered into an overdraft facility with The Royal Bank of Scotland Citizens, N.A. in the amount of €2,000 , or approximately $2,235 . There was no balance outstanding on this facility as of September 30, 2015 . HSBC Bank (China) Company Limited, Shanghai Branch On June 20, 2012, we entered into a banking facility with the HSBC Bank (China) Company Limited, Shanghai Branch in the amount of $5,000 . As of September 30, 2015 , there were no outstanding borrowings on this facility.

Warranty

Warranty	9 Months Ended
	Sep. 30, 2015
Product Warranties Disclosures [Abstract]
Warranty	Warranty We record a liability for warranty claims at the time of sale. The amount of the liability is based on the trend in the historical ratio of claims to sales, the historical length of time between the sale and resulting warranty claim, new product introductions and other factors. Warranty terms on machines generally range from one to four years. However, the majority of our claims are paid out within the first six to nine months following a sale. The majority of the liability for estimated warranty claims represents amounts to be paid out in the near term for qualified warranty issues, with immaterial amounts reserved to be paid for older equipment warranty issues. The changes in warranty reserves for the nine months ended September 30, 2015 and 2014 were as follows: Nine Months Ended September 30 2015 2014 Beginning balance $ 9,686 $ 9,663 Additions charged to expense 8,659 7,789 Foreign currency fluctuations (175 ) (123 ) Claims paid (8,055 ) (7,799 ) Ending balance $ 10,115 $ 9,530

Derivatives (Notes)

Derivatives (Notes)	9 Months Ended
	Sep. 30, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities Disclosure [Text Block]	Derivatives Hedge Accounting and Hedging Programs During the third quarter of 2015, we expanded our foreign currency hedging programs to include foreign exchange purchased options and forward contracts to hedge our foreign currency denominated revenue. We recognize all derivative instruments as either assets or liabilities in our Condensed Consolidated Balance Sheets and measure them at fair value. Gains and losses resulting from changes in fair value are accounted for depending on the use of the derivative and whether it is designated and qualifies for hedge accounting. We evaluate hedge effectiveness on our hedges that are designated and qualify for hedge accounting at the inception of the hedge prospectively as well as retrospectively, and record any ineffective portion of the hedging instruments in Net Foreign Currency Transaction Losses on our Condensed Consolidated Statements of Operations. The time value of purchased contracts is recorded in Net Foreign Currency Transaction Losses in our Condensed Consolidated Statements of Operations. The bank counterparties to these contracts expose us to credit-related losses in the event of their nonperformance which are largely mitigated with collateral security agreements that provide for collateral to be received or posted when the net fair value of certain financial instruments fluctuates from contractually established thresholds. In addition, we enter into master netting arrangements which have the ability to further limit credit related losses with the same counterparty by permitting net settlement of transactions. Our hedging policy also establishes maximum limits for each counterparty to mitigate any concentration of risk. Balance Sheet Hedging – Hedges of Foreign Currency Assets and Liabilities We hedge our net recognized foreign currency denominated assets and liabilities with foreign exchange forward contracts to reduce the risk that the value of these assets and liabilities will be adversely affected by changes in exchange rates. These contracts hedge assets and liabilities that are denominated in foreign currencies and are carried at fair value as either assets or liabilities on the Condensed Consolidated Balance Sheets with changes in the fair value recorded to Net Foreign Currency Transaction Losses in our Condensed Consolidated Statements of Operations. These contracts do not subject us to material balance sheet risk due to exchange rate movements because gains and losses on these derivatives are intended to offset gains and losses on the assets and liabilities being hedged. At September 30, 2015 and December 31, 2014 , the notional amounts of foreign currency forward exchange contracts outstanding not designated as hedging instruments were $42,112 and $34,631 , respectively. Cash Flow Hedging – Hedges of Forecasted Foreign Currency Transactions In countries outside the U.S., we transact business in U.S. Dollars and in various other currencies. We may use foreign exchange option contracts or forward contracts to hedge certain cash flow exposures resulting from changes in these foreign currency exchange rates. These foreign exchange contracts, carried at fair value, have maturities of up to eighteen months. We enter into these foreign exchange contracts to hedge a portion of our forecasted foreign currency denominated revenue in the normal course of business and accordingly, they are not speculative in nature. The notional amount of outstanding foreign currency forward contracts designated as cash flow hedges was $5,156 as of September 30, 2015 . The notional amount of outstanding foreign currency option contracts designated as cash flow hedges was $8,276 as of September 30, 2015 . There were no outstanding foreign currency forward or option contracts designated as cash flow hedges as of December 31, 2014 . To receive hedge accounting treatment, all hedging relationships are formally documented at the inception of the hedge, and the hedges must be highly effective in offsetting changes to future cash flows on hedged transactions. We record changes in the fair value of these cash flow hedges in Accumulated Other Comprehensive Loss in our Condensed Consolidated Balance Sheets, until the forecasted transaction occurs. When the forecasted transaction occurs, we reclassify the related gain or loss on the cash flow hedge to Net Sales. In the event the underlying forecasted transaction does not occur, or it becomes probable that it will not occur, we reclassify the gain or loss on the related cash flow hedge from Accumulated Other Comprehensive Loss to Net Foreign Currency Transaction Losses in our Condensed Consolidated Statements of Operations at that time. If we do not elect hedge accounting, or the contract does not qualify for hedge accounting treatment, the changes in fair value from period to period are recorded in Net Foreign Currency Transaction Losses in our Condensed Consolidated Statements of Operations. The fair value of derivative instruments on our Condensed Consolidated Balance Sheets as of September 30, 2015 and December 31, 2014 were as follows: September 30, 2015 December 31, 2014 Fair Value Asset Derivatives Fair Value Liability Derivatives Fair Value Asset Derivatives Fair Value Liability Derivatives Derivatives designated as hedging instruments: Foreign currency option contracts (1)(2) $ 230 $ — $ — $ — Foreign currency forward contracts (1) 81 — — — Derivatives not designated as hedging instruments: Foreign currency forward contracts (1) $ 322 $ 132 $ 130 $ — (1) Contracts that mature within the next twelve months are included in Other Current Assets and Other Current Liabilities for asset derivatives and liabilities derivatives, respectively, on our Condensed Consolidated Balance Sheets. (2) Contracts with a maturity greater than twelve months are included in Other Assets and Other Liabilities for asset derivatives and liability derivatives, respectively, on our Condensed Consolidated Balance Sheets. As of September 30, 2015 , we anticipate reclassifying approximately $78 of gains from Accumulated Other Comprehensive Loss to net earnings during the next twelve months. The effect of foreign currency derivative instruments designated as cash flow hedges and of foreign currency derivative instruments not designated as hedges in our Condensed Consolidated Statements of Operations for the three and nine months ended September 30, 2015 was as follows: Three Months Ended Nine Months Ended September 30, 2015 September 30, 2015 Foreign Currency Option Contracts Foreign Currency Forward Contracts Foreign Currency Option Contracts Foreign Currency Forward Contracts Derivatives in cash flow hedging relationships: Net (loss) gain recognized in Other Comprehensive Loss, net of tax (1) $ (7 ) $ 51 $ (7 ) $ 51 Net gain reclassified from Accumulated Other Comprehensive Loss into earnings, net of tax (2) — — — — Net gain recognized in earnings (3) — — — — Derivatives not designated as hedging instruments: Net gain recognized in earnings (4) $ — $ 840 $ — $ 3,334 The effect of foreign currency derivative instruments designated as cash flow hedges and of foreign currency derivative instruments not designated as hedges in our Condensed Consolidated Statements of Operations for the three and nine months ended September 30, 2014 was as follows: Three Months Ended Nine Months Ended September 30, 2014 September 30, 2014 Foreign Currency Option Contracts Foreign Currency Forward Contracts Foreign Currency Option Contracts Foreign Currency Forward Contracts Derivatives in cash flow hedging relationships: Net gain recognized in Other Comprehensive Loss, net of tax (1) $ — $ — $ — $ — Net gain reclassified from Accumulated Other Comprehensive Loss into earnings, net of tax (2) — — — — Net gain recognized in earnings (3) — — — — Derivatives not designated as hedging instruments: Net gain recognized in earnings (4) $ — $ 1,975 $ — $ 1,073 (1) Net change in the fair value of the effective portion classified in Other Comprehensive Loss. (2) Effective portion classified as Net Sales. (3) Ineffective portion and amount excluded from effectiveness testing classified in Net Foreign Currency Transaction Losses. (4) Classified in Net Foreign Currency Transaction Losses.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2015
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements Estimates of fair value for financial assets and financial liabilities are based on the framework established in the accounting guidance for fair value measurements. The framework defines fair value, provides guidance for measuring fair value and requires certain disclosures. The framework discusses valuation techniques, such as the market approach (comparable market prices), the income approach (present value of future income or cash flow) and the cost approach (cost to replace the service capacity of an asset or replacement cost). The framework utilizes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The following is a brief description of those three levels: • Level 1: Observable inputs such as quoted prices (unadjusted) in active markets for identical assets or liabilities. • Level 2: Inputs other than quoted prices that are observable for the asset or liability, either directly or indirectly. These include quoted prices for similar assets or liabilities in active markets and quoted prices for identical or similar assets or liabilities in markets that are not active. • Level 3: Unobservable inputs that reflect the reporting entity’s own assumptions. Our population of assets and liabilities subject to fair value measurements at September 30, 2015 is as follows: Fair Value Level 1 Level 2 Level 3 Assets: Foreign currency forward exchange contracts $ 403 $ — $ 403 $ — Foreign currency option contracts 230 — 230 — Total Assets $ 633 $ — $ 633 $ — Liabilities: Foreign currency forward exchange contracts $ 132 $ — $ 132 $ — Total Liabilities $ 132 $ — $ 132 $ — Our foreign currency forward and option exchange contracts are valued using observable Level 2 market expectations at the measurement date and standard valuation techniques to convert future amounts to a single present value amount. The carrying amounts reported in the Condensed Consolidated Balance Sheets for Cash and Cash Equivalents, Accounts Receivable, Other Current Assets, Assets Held for Sale, Accounts Payable, Other Current Liabilities and Liabilities Held for Sale approximate fair value due to their short-term nature. The fair value of our Long-Term Debt approximates cost based on the borrowing rates currently available to us for bank loans with similar terms and remaining maturities. From time to time, we measure certain assets at fair value on a non-recurring basis, including evaluation of long-lived assets, goodwill and other intangible assets for impairment using company-specific assumptions which would fall within Level 3 of the fair value hierarchy.

Retirement Benefit Plans

Retirement Benefit Plans	9 Months Ended
	Sep. 30, 2015
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract]
Retirement Benefit Plans	Retirement Benefit Plans Our defined benefit pension plans and postretirement medical plan are described in Note 11 of our annual report on Form 10-K for the year ended December 31, 2014. We have contributed $77 and $236 during the third quarter of 2015 and $279 and $820 during the first nine months of 2015 to our pension plans and to our postretirement medical plan, respectively. The components of the net periodic cost (benefit) for the three and nine months ended September 30, 2015 and 2014 were as follows: Three Months Ended September 30 Pension Benefits Postretirement U.S. Plans Non-U.S. Plans Medical Benefits 2015 2014 2015 2014 2015 2014 Service cost $ 120 $ 123 $ 36 $ 38 $ 24 $ 32 Interest cost 428 491 125 133 98 124 Expected return on plan assets (653 ) (670 ) (148 ) (131 ) — — Amortization of net actuarial loss (gain) 209 37 — — — (2 ) Amortization of prior service cost (benefit) 10 11 67 46 — — Foreign currency — — 8 98 — — Net periodic cost (benefit) $ 114 $ (8 ) $ 88 $ 184 $ 122 $ 154 Nine Months Ended September 30 Pension Benefits Postretirement U.S. Plans Non-U.S. Plans Medical Benefits 2015 2014 2015 2014 2015 2014 Service cost $ 360 $ 370 $ 108 $ 114 $ 72 $ 96 Interest cost 1,283 1,473 373 399 294 373 Expected return on plan assets (1,960 ) (2,012 ) (438 ) (391 ) — — Amortization of net actuarial loss 627 111 — — — — Amortization of prior service cost (benefit) 31 32 197 139 — (5 ) Foreign currency — — 43 114 — — Net periodic cost (benefit) $ 341 $ (26 ) $ 283 $ 375 $ 366 $ 464

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Certain operating leases for vehicles contain residual value guarantee provisions, which would become due at the expiration of the operating lease agreement if the fair value of the leased vehicles is less than the guaranteed residual value. As of September 30, 2015 , of those leases that contain residual value guarantees, the aggregate residual value at lease expiration was $11,664 , of which we have guaranteed $9,448 . As of September 30, 2015 , we have recorded a liability for the estimated end of term loss related to this residual value guarantee of $227 for certain vehicles within our fleet. Our fleet also contains vehicles we estimate will settle at a gain. Gains on these vehicles will be recognized at the end of the lease term. During the third quarter of 2015 , we renewed a lease for our facility in the United Kingdom. This lease has a ten year term with a total commitment of $2,776 .

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	9 Months Ended
	Sep. 30, 2015
Accumulated Other Comprehensive Loss [Abstract]
Accumulated Other Comprehensive Loss	Accumulated Other Comprehensive Loss Components of Accumulated Other Comprehensive Loss, net of tax, within the Condensed Consolidated Balance Sheets, are as follows: September 30, 2015 December 31, 2014 Foreign currency translation adjustments $ (43,712 ) $ (32,090 ) Pension and retiree medical benefits (6,090 ) (6,503 ) Cash flow hedge 44 — Total Accumulated Other Comprehensive Loss $ (49,758 ) $ (38,593 ) The changes in components of Accumulated Other Comprehensive Loss, net of tax, are as follows: Foreign Currency Translation Adjustments Pension and Post Retirement Benefits Cash Flow Hedge Total December 31, 2014 $ (32,090 ) $ (6,503 ) $ — $ (38,593 ) Other comprehensive (loss) income before reclassifications (11,622 ) — 44 (11,578 ) Amounts reclassified from Accumulated Other Comprehensive Loss — 413 — 413 Net current period other comprehensive (loss) income (11,622 ) 413 44 (11,165 ) September 30, 2015 $ (43,712 ) $ (6,090 ) $ 44 $ (49,758 )

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2015
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes We and our subsidiaries are subject to U.S. federal income tax as well as income tax of numerous state and foreign jurisdictions. We are generally no longer subject to U.S. federal tax examinations for taxable years before 2012 and, with limited exceptions, state and foreign income tax examinations for taxable years before 2007 . We recognize potential accrued interest and penalties related to unrecognized tax benefits in Income Tax Expense. In addition to the liability of $2,128 for unrecognized tax benefits as of September 30, 2015 , there was approximately $494 for accrued interest and penalties. The total amount of unrecognized tax benefits that, if recognized, would affect the effective tax rate as of September 30, 2015 was $1,802 . To the extent interest and penalties are not assessed with respect to uncertain tax positions, amounts accrued will be revised and reflected as an adjustment of the Income Tax Expense. Unrecognized tax benefits were reduced by $733 during the first nine months of 2015 for expiration of the statute of limitations in various jurisdictions and the settlement of a routine tax audit. We are currently undergoing income tax examinations in various state and foreign jurisdictions covering 2007 to 2014 . Although the final outcome of these examinations cannot be currently determined, we believe that we have adequate reserves with respect to these examinations.

Share-Based Compensation

Share-Based Compensation	9 Months Ended
	Sep. 30, 2015
Share-based Compensation [Abstract]
Share-Based Compensation	Share-Based Compensation Our share-based compensation plans are described in Note 15 of our annual report on Form 10-K for the year ended December 31, 2014. During the three months ended September 30, 2015 and 2014 , we recognized total Share-Based Compensation Expense of $1,691 and $1,505 , respectively. During the nine months ended September 30, 2015 and 2014 , we recognized total Share-Based Compensation Expense of $6,580 and $5,261 , respectively. The total excess tax benefit recognized for share-based compensation arrangements during the nine months ended September 30, 2015 and 2014 was $707 and $1,620 , respectively. During the first nine months of 2015 , we granted 23,048 restricted shares. The weighted average grant date fair value of each share awarded was $66.33 . Restricted share awards generally have a three year vesting period from the effective date of the grant. The total fair value of shares vested during the nine months ended September 30, 2015 and 2014 was $900 and $827 , respectively.

(Loss) Earnings Per Share

(Loss) Earnings Per Share	9 Months Ended
	Sep. 30, 2015
Earnings Per Share [Abstract]
(Loss) Earnings Per Share	(Loss) Earnings Per Share The computations of Basic and Diluted (Loss) Earnings per Share were as follows: Three Months Ended Nine Months Ended September 30 September 30 2015 2014 2015 2014 Numerator: Net (Loss) Earnings $ (951 ) $ 11,792 $ 18,892 $ 33,110 Denominator: Basic - Weighted Average Shares Outstanding 17,941,171 18,120,729 18,139,314 18,201,291 Effect of dilutive securities: Share-based compensation plans — 514,558 478,717 526,527 Diluted - Weighted Average Shares Outstanding 17,941,171 18,635,287 18,618,031 18,727,818 Basic (Loss) Earnings per Share $ (0.05 ) $ 0.65 $ 1.04 $ 1.82 Diluted (Loss) Earnings per Share $ (0.05 ) $ 0.63 $ 1.01 $ 1.77 Excluded from the dilutive securities shown above were options to purchase 746,206 and 81,874 shares of Common Stock during the three months ended September 30, 2015 and 2014 , respectively. Excluded from the dilutive securities shown above were options to purchase 242,874 and 85,765 shares of Common Stock during the nine months ended September 30, 2015 and 2014 , respectively. These exclusions were made as the exercise prices of the options are greater than the average market share of our Common Stock for the period, the number of shares we can repurchase under the treasury stock method exceeds the weighted shares outstanding in the options or if we have a net loss, as these effects are anti-dilutive.

Segment Reporting

Segment Reporting	9 Months Ended
	Sep. 30, 2015
Segment Reporting [Abstract]
Segment Reporting	Segment Reporting We are organized into four operating segments: North America; Latin America; Europe, Middle East and Africa; and Asia Pacific. We combine our North America and Latin America operating segments into the “Americas” for reporting Net Sales by geographic area. In accordance with the objective and basic principles of the applicable accounting guidance, we aggregate our operating segments into one reportable segment that consists of the design, manufacture and sale of products used primarily in the maintenance of nonresidential surfaces. Net Sales attributed to each geographic area for the three and nine months ended September 30, 2015 and 2014 were as follows: Three Months Ended Nine Months Ended September 30 September 30 2015 2014 2015 2014 Americas $ 148,947 $ 142,149 $ 444,379 $ 418,236 Europe, Middle East and Africa 34,525 40,610 102,913 124,946 Asia Pacific 21,330 19,884 58,654 62,524 Total $ 204,802 $ 202,643 $ 605,946 $ 605,706 Net Sales are attributed to each geographic area based on the country from which the product was shipped and are net of intercompany sales.

Related Party Transactions

Related Party Transactions	9 Months Ended
	Sep. 30, 2015
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions On July 31, 2012, we entered into a share purchase agreement with M&F, as further discussed in Note 3. Two of the M&F shareholders are individuals who were employed by Tennant prior to the transaction date and were no longer employed by Tennant as of the transaction date. During the first quarter of 2008 , we acquired Sociedade Alfa Ltda. and entered into lease agreements for certain properties owned by or partially owned by the former owners of this entity. Some of these individuals are current employees of Tennant. Lease payments made under these lease agreements are not material to our financial position or results of operations.

Management Action (Tables)

Management Action (Tables)	9 Months Ended
	Sep. 30, 2015
Restructuring and Related Activities [Abstract]
Reconciliation of beginning and ending liability balances	A reconciliation of the beginning and ending liability balances is as follows: Severance and Related Costs Q3 2015 restructuring action $ 1,779 Cash payments (423 ) Foreign currency adjustments (12 ) September 30, 2015 balance $ 1,344

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Sep. 30, 2015
Inventory Disclosure [Abstract]
Inventories	Inventories are valued at the lower of cost or market. Inventories at September 30, 2015 and December 31, 2014 consisted of the following: September 30, December 31, Inventories carried at LIFO: Finished goods $ 45,639 $ 41,687 Raw materials, production parts and work-in-process 24,019 24,458 LIFO reserve (28,166 ) (28,166 ) Total LIFO inventories 41,492 37,979 Inventories carried at FIFO: Finished goods 32,309 29,851 Raw materials, production parts and work-in-process 13,792 12,681 Inventories held for sale (4,278 ) — Total FIFO inventories 41,823 42,532 Total inventories $ 83,315 $ 80,511

Assets and Liabilities Held f27

Assets and Liabilities Held for Sale (Tables)	9 Months Ended
	Sep. 30, 2015
Discontinued Operations and Disposal Groups [Abstract]
Summary of Balances of Assets and Liabilities Held for Sale	The assets and liabilities of Green Machines held for sale are comprised of the following at September 30, 2015 (in thousands): September 30, 2015 Assets: Accounts Receivable $ 3,210 Inventories 4,278 Prepaid Expenses 81 Property, Plant and Equipment, net 178 Total Assets Held for Sale $ 7,747 Liabilities: Accounts Payable 950 Other Current Liabilities 302 Total Liabilities Held for Sale $ 1,252

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Changes in the carrying amount of Goodwill	The changes in the carrying value of Goodwill for the nine months ended September 30, 2015 were as follows: Goodwill Accumulated Impairment Losses Total Balance as of December 31, 2014 $ 64,858 $ (46,503 ) $ 18,355 Foreign currency fluctuations (3,244 ) 1,711 (1,533 ) Balance as of September 30, 2015 $ 61,614 $ (44,792 ) $ 16,822
Acquired Intangible Assets excluding Goodwill	The balances of acquired Intangible Assets, excluding Goodwill, as of September 30, 2015 and December 31, 2014 , were as follows: Customer Lists Trade Name Technology Total Balance as of September 30, 2015 Original cost $ 20,241 $ 3,970 $ 6,676 $ 30,887 Accumulated amortization (11,385 ) (2,110 ) (3,495 ) (16,990 ) Accumulated impairment losses (8,245 ) (1,860 ) (472 ) (10,577 ) Carrying value $ 611 $ — $ 2,709 $ 3,320 Weighted-average original life (in years) 15 14 13 Balance as of December 31, 2014 Original cost $ 21,946 $ 4,300 $ 6,915 $ 33,161 Accumulated amortization (12,099 ) (2,068 ) (3,406 ) (17,573 ) Carrying value $ 9,847 $ 2,232 $ 3,509 $ 15,588 Weighted-average original life (in years) 15 14 13
Estimated aggregate amortization expense of Intangible Assets	Estimated aggregate amortization expense based on the current carrying value of amortizable Intangible Assets for each of the five succeeding years and thereafter is as follows: Remaining 2015 $ 179 2016 343 2017 316 2018 311 2019 310 Thereafter 1,861 Total $ 3,320

Debt (Tables)

Debt (Tables)	9 Months Ended
	Sep. 30, 2015
Debt Disclosure [Abstract]
Summary of outstanding Short-Term and Long-Term Debt	Debt outstanding is summarized as follows: September 30, December 31, Long-Term Debt: Credit facility borrowings $ 24,571 $ 28,000 Collateralized borrowings 7 7 Capital lease obligations — 130 Total Debt 24,578 28,137 Less: Current Portion (3,435 ) (3,566 ) Long-Term Portion $ 21,143 $ 24,571

Warranty (Tables)

Warranty (Tables)	9 Months Ended
	Sep. 30, 2015
Product Warranties Disclosures [Abstract]
Changes in warranty reserve	The changes in warranty reserves for the nine months ended September 30, 2015 and 2014 were as follows: Nine Months Ended September 30 2015 2014 Beginning balance $ 9,686 $ 9,663 Additions charged to expense 8,659 7,789 Foreign currency fluctuations (175 ) (123 ) Claims paid (8,055 ) (7,799 ) Ending balance $ 10,115 $ 9,530

Derivatives (Tables)

Derivatives (Tables)	9 Months Ended
	Sep. 30, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]	The fair value of derivative instruments on our Condensed Consolidated Balance Sheets as of September 30, 2015 and December 31, 2014 were as follows: September 30, 2015 December 31, 2014 Fair Value Asset Derivatives Fair Value Liability Derivatives Fair Value Asset Derivatives Fair Value Liability Derivatives Derivatives designated as hedging instruments: Foreign currency option contracts (1)(2) $ 230 $ — $ — $ — Foreign currency forward contracts (1) 81 — — — Derivatives not designated as hedging instruments: Foreign currency forward contracts (1) $ 322 $ 132 $ 130 $ — (1) Contracts that mature within the next twelve months are included in Other Current Assets and Other Current Liabilities for asset derivatives and liabilities derivatives, respectively, on our Condensed Consolidated Balance Sheets. (2) Contracts with a maturity greater than twelve months are included in Other Assets and Other Liabilities for asset derivatives and liability derivatives, respectively, on our Condensed Consolidated Balance Sheets.
Derivative Instruments, Gain (Loss) [Table Text Block]	The effect of foreign currency derivative instruments designated as cash flow hedges and of foreign currency derivative instruments not designated as hedges in our Condensed Consolidated Statements of Operations for the three and nine months ended September 30, 2015 was as follows: Three Months Ended Nine Months Ended September 30, 2015 September 30, 2015 Foreign Currency Option Contracts Foreign Currency Forward Contracts Foreign Currency Option Contracts Foreign Currency Forward Contracts Derivatives in cash flow hedging relationships: Net (loss) gain recognized in Other Comprehensive Loss, net of tax (1) $ (7 ) $ 51 $ (7 ) $ 51 Net gain reclassified from Accumulated Other Comprehensive Loss into earnings, net of tax (2) — — — — Net gain recognized in earnings (3) — — — — Derivatives not designated as hedging instruments: Net gain recognized in earnings (4) $ — $ 840 $ — $ 3,334 The effect of foreign currency derivative instruments designated as cash flow hedges and of foreign currency derivative instruments not designated as hedges in our Condensed Consolidated Statements of Operations for the three and nine months ended September 30, 2014 was as follows: Three Months Ended Nine Months Ended September 30, 2014 September 30, 2014 Foreign Currency Option Contracts Foreign Currency Forward Contracts Foreign Currency Option Contracts Foreign Currency Forward Contracts Derivatives in cash flow hedging relationships: Net gain recognized in Other Comprehensive Loss, net of tax (1) $ — $ — $ — $ — Net gain reclassified from Accumulated Other Comprehensive Loss into earnings, net of tax (2) — — — — Net gain recognized in earnings (3) — — — — Derivatives not designated as hedging instruments: Net gain recognized in earnings (4) $ — $ 1,975 $ — $ 1,073 (1) Net change in the fair value of the effective portion classified in Other Comprehensive Loss. (2) Effective portion classified as Net Sales. (3) Ineffective portion and amount excluded from effectiveness testing classified in Net Foreign Currency Transaction Losses. (4) Classified in Net Foreign Currency Transaction Losses.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2015
Fair Value Disclosures [Abstract]
Fair value measurements of assets and liabilities	Our population of assets and liabilities subject to fair value measurements at September 30, 2015 is as follows: Fair Value Level 1 Level 2 Level 3 Assets: Foreign currency forward exchange contracts $ 403 $ — $ 403 $ — Foreign currency option contracts 230 — 230 — Total Assets $ 633 $ — $ 633 $ — Liabilities: Foreign currency forward exchange contracts $ 132 $ — $ 132 $ — Total Liabilities $ 132 $ — $ 132 $ — Our foreign currency forward and option exchange contracts are valued

Retirement Benefit Plans (Table

Retirement Benefit Plans (Tables)	9 Months Ended
	Sep. 30, 2015
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract]
Components of the net periodic cost (benefit)	The components of the net periodic cost (benefit) for the three and nine months ended September 30, 2015 and 2014 were as follows: Three Months Ended September 30 Pension Benefits Postretirement U.S. Plans Non-U.S. Plans Medical Benefits 2015 2014 2015 2014 2015 2014 Service cost $ 120 $ 123 $ 36 $ 38 $ 24 $ 32 Interest cost 428 491 125 133 98 124 Expected return on plan assets (653 ) (670 ) (148 ) (131 ) — — Amortization of net actuarial loss (gain) 209 37 — — — (2 ) Amortization of prior service cost (benefit) 10 11 67 46 — — Foreign currency — — 8 98 — — Net periodic cost (benefit) $ 114 $ (8 ) $ 88 $ 184 $ 122 $ 154 Nine Months Ended September 30 Pension Benefits Postretirement U.S. Plans Non-U.S. Plans Medical Benefits 2015 2014 2015 2014 2015 2014 Service cost $ 360 $ 370 $ 108 $ 114 $ 72 $ 96 Interest cost 1,283 1,473 373 399 294 373 Expected return on plan assets (1,960 ) (2,012 ) (438 ) (391 ) — — Amortization of net actuarial loss 627 111 — — — — Amortization of prior service cost (benefit) 31 32 197 139 — (5 ) Foreign currency — — 43 114 — — Net periodic cost (benefit) $ 341 $ (26 ) $ 283 $ 375 $ 366 $ 464

Accumulated Other Comprehensi34

Accumulated Other Comprehensive Loss (Tables)	9 Months Ended
	Sep. 30, 2015
Components of Accumulated Other Comprehensive Loss, net of tax, within the Condensed Consolidated Balance Sheets
Components of Accumulated Other Comprehensive Loss, net of tax	Components of Accumulated Other Comprehensive Loss, net of tax, within the Condensed Consolidated Balance Sheets, are as follows: September 30, 2015 December 31, 2014 Foreign currency translation adjustments $ (43,712 ) $ (32,090 ) Pension and retiree medical benefits (6,090 ) (6,503 ) Cash flow hedge 44 — Total Accumulated Other Comprehensive Loss $ (49,758 ) $ (38,593 )
Changes in components of Accumulated Other Comprehensive Loss, net of tax	The changes in components of Accumulated Other Comprehensive Loss, net of tax, are as follows: Foreign Currency Translation Adjustments Pension and Post Retirement Benefits Cash Flow Hedge Total December 31, 2014 $ (32,090 ) $ (6,503 ) $ — $ (38,593 ) Other comprehensive (loss) income before reclassifications (11,622 ) — 44 (11,578 ) Amounts reclassified from Accumulated Other Comprehensive Loss — 413 — 413 Net current period other comprehensive (loss) income (11,622 ) 413 44 (11,165 ) September 30, 2015 $ (43,712 ) $ (6,090 ) $ 44 $ (49,758 )

(Loss) Earnings Per Share (Tabl

(Loss) Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2015
Earnings Per Share [Abstract]
Computation of Basic and Diluted (Loss) Earnings per Share	The computations of Basic and Diluted (Loss) Earnings per Share were as follows: Three Months Ended Nine Months Ended September 30 September 30 2015 2014 2015 2014 Numerator: Net (Loss) Earnings $ (951 ) $ 11,792 $ 18,892 $ 33,110 Denominator: Basic - Weighted Average Shares Outstanding 17,941,171 18,120,729 18,139,314 18,201,291 Effect of dilutive securities: Share-based compensation plans — 514,558 478,717 526,527 Diluted - Weighted Average Shares Outstanding 17,941,171 18,635,287 18,618,031 18,727,818 Basic (Loss) Earnings per Share $ (0.05 ) $ 0.65 $ 1.04 $ 1.82 Diluted (Loss) Earnings per Share $ (0.05 ) $ 0.63 $ 1.01 $ 1.77

Segment Reporting (Tables)

Segment Reporting (Tables)	9 Months Ended
	Sep. 30, 2015
Segment Reporting [Abstract]
Net Sales by geographic area	Net Sales attributed to each geographic area for the three and nine months ended September 30, 2015 and 2014 were as follows: Three Months Ended Nine Months Ended September 30 September 30 2015 2014 2015 2014 Americas $ 148,947 $ 142,149 $ 444,379 $ 418,236 Europe, Middle East and Africa 34,525 40,610 102,913 124,946 Asia Pacific 21,330 19,884 58,654 62,524 Total $ 204,802 $ 202,643 $ 605,946 $ 605,706

Management Action (Details)

Management Action (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2015USD ($)
Restructuring and Related Activities [Abstract]
Approximate time anticipated savings will offset the restructuring charge	1 year
Restructuring Reserve [Roll Forward]
Restructuring Charges	$ 1,779
Cash Payments	(423)
Foreign currency adjustments	(12)
Restructuring Reserve ending balance	$ 1,344

Divestiture (Details)

Divestiture (Details) € in Thousands, $ in Thousands

9 Months Ended

12 Months Ended

Sep. 30, 2015

Dec. 31, 2013EUR (€)

Dec. 31, 2013USD ($)

Dec. 31, 2012USD ($)

Jul. 31, 2015EUR (€)

Jul. 31, 2015USD ($)

Jul. 31, 2014EUR (€)

Jul. 31, 2014USD ($)

Jul. 31, 2013EUR (€)

Jul. 31, 2013USD ($)

Jul. 31, 2012EUR (€)

Jul. 31, 2012USD ($)

Disposal Group, Not Discontinued Operation, Disposal Disclosures [Abstract]

Date of divestiture

Jul. 31, 2012

Cash received as part of the selling price

€ 815

$ 1,014

Amount financed as part of selling price

5,351

Total selling price

€ 6,166

Total amount of installment payments received quarterly in 2013

€ 2,126

$ 2,826

Total amount of first anniversary payment received

€ 1,075

$ 1,435

Total amount of second anniversary payment received

€ 1,075

$ 1,418

Total amount of third and final anniversary payment received

€ 1,075

$ 1,188

Disposal Group, Not Discontinued Operation, Gain on Disposal | $

$ 784

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Inventories carried at LIFO:
Finished goods	$ 45,639	$ 41,687
Raw materials, production parts and work-in-process	24,019	24,458
LIFO Reserve	(28,166)	(28,166)
LIFO Inventory Amount	41,492	37,979
Inventories carried at FIFO:
Finished goods	32,309	29,851
Raw materials, production parts and work-in-process	13,792	12,681
Inventories held for sale	(4,278)	0
Total FIFO inventories	41,823	42,532
Total Inventories	$ 83,315	$ 80,511

Assets and Liabilities Held f40

Assets and Liabilities Held for Sale (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Relative size of the disposal group compared to the total company, in terms of revenue			2.00%
Impairment of Long-Lived Assets	$ 11,199	$ 0	$ 11,199	$ 0
Impairment loss recorded on intangible assets			10,577
Impairment loss recorded on fixed assets			622
Assets
Accounts Receivable	3,210		3,210
Inventories	4,278		4,278
Prepaid Expenses	81		81
Property, Plant and Equipment, net	178		178
Total Assets Held for Sale	7,747		7,747		$ 0
Liabilities
Account Payable	950		950
Other Current Liabilities	302		302
Total Liabilities Held for Sale	$ 1,252		$ 1,252		$ 0

Goodwill and Intangible Asset41

Goodwill and Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Goodwill, Gross
Balance, beginning of period			$ 64,858
Foreign currency fluctuations			(3,244)
Balance, end of period	$ 61,614		61,614		$ 64,858
Accumulated Impairment Losses
Balance, beginning of period			(46,503)
Foreign currency fluctuations			1,711
Balance, end of period	(44,792)		(44,792)		(46,503)
Goodwill, Net
Balance, beginning of period			18,355
Foreign currency fluctuations			(1,533)
Balance, end of period	16,822		16,822		18,355
Acquired Finite-lived Intangible Assets
Original cost	30,887		30,887		33,161
Accumulated amortization	(16,990)		(16,990)		(17,573)
Accumulated impairment losses	(10,577)		(10,577)
Intangible Assets, Net	3,320		3,320		15,588
Amortization expense	332	$ 589	1,368	$ 1,812
Impairment loss recorded on intangible assets			10,577
Estimated aggregate amortization expense of Intangible Assets
Remaining 2,015	179		179
2,016	343		343
2,017	316		316
2,018	311		311
2,019	310		310
Thereafter	1,861		1,861
Total	3,320		3,320
Customer Lists
Acquired Finite-lived Intangible Assets
Original cost	20,241		20,241		21,946
Accumulated amortization	(11,385)		(11,385)		(12,099)
Accumulated impairment losses	(8,245)		(8,245)
Intangible Assets, Net	611		$ 611		$ 9,847
Weighted-average original life			15 years		15 years
Trade Name
Acquired Finite-lived Intangible Assets
Original cost	3,970		$ 3,970		$ 4,300
Accumulated amortization	(2,110)		(2,110)		(2,068)
Accumulated impairment losses	(1,860)		(1,860)
Intangible Assets, Net	0		$ 0		$ 2,232
Weighted-average original life			14 years		14 years
Technology
Acquired Finite-lived Intangible Assets
Original cost	6,676		$ 6,676		$ 6,915
Accumulated amortization	(3,495)		(3,495)		(3,406)
Accumulated impairment losses	(472)		(472)
Intangible Assets, Net	$ 2,709		$ 2,709		$ 3,509
Weighted-average original life			13 years		13 years

Debt (Details) Part 1

Debt (Details) Part 1 - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Debt Instrument
Total Debt	$ 24,578	$ 28,137
Less: Current Portion	(3,435)	(3,566)
Long-Term Portion	21,143	24,571
Committed lines of credit	125,000
Uncommitted lines of credit	87,235
Letters of Credit Outstanding	3,222
Commitment fees on unused line of credit	$ 219
Indebtedness to EBITDA ratio	0.36 to 1
Line of Credit Facility, EBITDA to interest expense ratio	61.01 to 1
Credit facility borrowings, Long-Term
Debt Instrument
Total Debt	$ 24,571	28,000
Collateralized borrowings
Debt Instrument
Total Debt	7	7
Capital lease obligations
Debt Instrument
Total Debt	$ 0	$ 130

Debt (Details) Part 2

Debt (Details) Part 2 - 9 months ended Sep. 30, 2015 € in Thousands, $ in Thousands	USD ($)	EUR (€)	USD ($)
JPMorgan Chase Bank, National Association
Line of Credit Facility
Amount outstanding			$ 10,000
Covenant restriction, Maximum indebtedness to EBITDA	3.25 to 1
Covenant restriction, Minimum EBITDA to interest expense	3.50 to 1
Expiration date	Jun. 30, 2020
Covenant restriction, Maximum leverage after paying dividends or repurchasing stock	3.25 to 1
Covenant restriction, Maximum leverage after acquisitions	3.00 to 1
Covenant restriction, Maximum level that can be paid for acquisitions			$ 25,000
Line of credit facility, Minimum commitment fee percentage	0.175%
Line of credit facility, Maximum commitment fee percentage	0.30%
Minimum interest rate spread added to adjusted LIBOR rate based on leverage ratio on Eurocurrency borrowings	1.075%
Maximum interest rate spread added to adjusted LIBOR rate based on leverage ratio on Eurocurrency borrowings	1.70%
Interest Rate Margin Spread Added To Federal Funds Rate		0.50%	0.50%
Interest Rate Margin Spread Added To LIBOR Rate		1.00%	1.00%
Minimum Interest Rate Margin Spread Added To LIBOR Rate		0.075%	0.075%
Maximum Interest Rate Margin Spread Added To LIBOR Rate		0.70%	0.70%
Weighted average interest rate		1.27%	1.27%
Prudential Investment Management, Inc.
Line of Credit Facility
Amount outstanding			$ 14,571
Expiration date	Jun. 30, 2018
Series A notes
Line of Credit Facility
Face amount			$ 6,000
Interest rate, stated percentage		4.00%	4.00%
Note term	7 years
Maturity date range, start	Mar. 8, 2016
Maturity date range, end	Mar. 8, 2018
Repayments of Long-term Debt	$ 2,000
Series B notes
Line of Credit Facility
Face amount			$ 8,571
Interest rate, stated percentage		4.10%	4.10%
Note term	10 years
Maturity date range, start	Jun. 28, 2016
Maturity date range, end	Jun. 28, 2021
Repayments of Long-term Debt	$ 1,429
Royal Bank of Scotland Citizens, N.A.
Line of Credit Facility
Amount outstanding			$ 0
Maximum borrowing capacity		€ 2,000	2,235
HSBC Bank (China) Company Limited, Shanghai Branch
Line of Credit Facility
Amount outstanding			0
Maximum borrowing capacity			$ 5,000

Warranty (Details)

Warranty (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Product Warranties Disclosures [Abstract]
Warranty terms, minimum	1 year
Warranty terms, maximum	4 years
Period of time following a sale the majority of claims are paid, min	6 months
Period of time following a sale the majority of claims are paid, max	9 months
Changes in warranty reserves
Beginning balance	$ 9,686	$ 9,663
Additions charged to expense	8,659	7,789
Foreign currency fluctuations	(175)	(123)
Claims paid	(8,055)	(7,799)
Ending balance	$ 10,115	$ 9,530

Derivatives (Details 1)

Derivatives (Details 1) - USD ($) $ in Thousands		9 Months Ended
		Sep. 30, 2015	Dec. 31, 2014
Derivatives, Fair Value [Line Items]
Cash Flow Hedge Gain to be Reclassified within Twelve Months		$ 78
Derivatives designated as hedging instruments | Foreign currency option contracts
Derivatives, Fair Value [Line Items]
Notional Amount		8,276	$ 0
Fair Value Asset Derivatives	[1],[2]	230	0
Fair Value Liability Derivatives	[1],[2]	0	0
Derivatives designated as hedging instruments | Foreign currency forward contracts
Derivatives, Fair Value [Line Items]
Notional Amount		5,156	0
Fair Value Asset Derivatives	[1]	81	0
Fair Value Liability Derivatives	[1]	0	0
Derivatives not designated as hedging instruments | Foreign currency forward contracts
Derivatives, Fair Value [Line Items]
Notional Amount		42,112	34,631
Fair Value Asset Derivatives	[1]	322	130
Fair Value Liability Derivatives	[1]	$ 132	$ 0
[1]	Contracts that mature within the next twelve months are included in Other Current Assets and Other Current Liabilities for asset derivatives and liabilities derivatives, respectively, on our Condensed Consolidated Balance Sheets.
[2]	Contracts with a maturity greater than twelve months are included in Other Assets and Other Liabilities for asset derivatives and liability derivatives, respectively, on our Condensed Consolidated Balance Sheets.

Derivatives (Details 2)

Derivatives (Details 2) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Foreign currency option contracts
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Not Designated as Hedging Instruments, net gain recognized in earnings	[1]	$ 0	$ 0	$ 0	$ 0
Foreign currency forward contracts
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Not Designated as Hedging Instruments, net gain recognized in earnings	[1]	840	1,975	3,334	1,073
Cash Flow Hedge | Foreign currency option contracts
Derivative Instruments, Gain (Loss) [Line Items]
Net (loss) gain recognized in Other Comprehensive Loss, net of tax	[2]	(7)	0	(7)	0
Net gain reclassified from Accumulated Other Comprehensive Loss into earnings, net of tax	[3]	0	0	0	0
Net gain recognized in earnings	[4]	0	0	0	0
Cash Flow Hedge | Foreign currency forward contracts
Derivative Instruments, Gain (Loss) [Line Items]
Net (loss) gain recognized in Other Comprehensive Loss, net of tax	[2]	51	0	51	0
Net gain reclassified from Accumulated Other Comprehensive Loss into earnings, net of tax	[3]	0	0	0	0
Net gain recognized in earnings	[4]	$ 0	$ 0	$ 0	$ 0
[1]	Classified in Net Foreign Currency Transaction Losses.
[2]	Net change in the fair value of the effective portion classified in Other Comprehensive Loss.
[3]	Effective portion classified as Net Sales.
[4]	Ineffective portion and amount excluded from effectiveness testing classified in Net Foreign Currency Transaction Losses.

Fair Value Measurements (Detail

Fair Value Measurements (Details) $ in Thousands	Sep. 30, 2015USD ($)
Fair Value
Assets:
Total Assets	$ 633
Liabilities:
Total Liabilities	132
Fair Value | Foreign currency forward contracts
Assets:
Foreign currency contract, asset fair value	403
Liabilities:
Foreign currency contract, liability fair value	132
Fair Value | Foreign currency option contracts
Assets:
Foreign currency contract, asset fair value	230
Level 1
Assets:
Total Assets	0
Liabilities:
Total Liabilities	0
Level 1 | Foreign currency forward contracts
Assets:
Foreign currency contract, asset fair value	0
Liabilities:
Foreign currency contract, liability fair value	0
Level 1 | Foreign currency option contracts
Assets:
Foreign currency contract, asset fair value	0
Level 2
Assets:
Total Assets	633
Liabilities:
Total Liabilities	132
Level 2 | Foreign currency forward contracts
Assets:
Foreign currency contract, asset fair value	403
Liabilities:
Foreign currency contract, liability fair value	132
Level 2 | Foreign currency option contracts
Assets:
Foreign currency contract, asset fair value	230
Level 3
Assets:
Total Assets	0
Liabilities:
Total Liabilities	0
Level 3 | Foreign currency forward contracts
Assets:
Foreign currency contract, asset fair value	0
Liabilities:
Foreign currency contract, liability fair value	0
Level 3 | Foreign currency option contracts
Assets:
Foreign currency contract, asset fair value	$ 0

Retirement Benefit Plans (Detai

Retirement Benefit Plans (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Pension Plans
Defined Benefit Plans and Other Postretirement Benefit Plans
Plan contributions	$ 77		$ 279
U.S. Plans
Defined Benefit Plans and Other Postretirement Benefit Plans
Service cost	120	$ 123	360	$ 370
Interest cost	428	491	1,283	1,473
Expected return on plan assets	(653)	(670)	(1,960)	(2,012)
Amortization of net actuarial loss	209	37	627	111
Amortization of prior service cost (benefit)	10	11	31	32
Foreign currency	0	0	0	0
Net periodic cost (benefit)	114	(8)	341	(26)
Non-U.S. Plans
Defined Benefit Plans and Other Postretirement Benefit Plans
Service cost	36	38	108	114
Interest cost	125	133	373	399
Expected return on plan assets	(148)	(131)	(438)	(391)
Amortization of net actuarial loss	0	0	0	0
Amortization of prior service cost (benefit)	67	46	197	139
Foreign currency	8	98	43	114
Net periodic cost (benefit)	88	184	283	375
Postretirement Medical Benefits
Defined Benefit Plans and Other Postretirement Benefit Plans
Plan contributions	236		820
Service cost	24	32	72	96
Interest cost	98	124	294	373
Expected return on plan assets	0	0	0	0
Amortization of net actuarial loss	0	(2)	0	0
Amortization of prior service cost (benefit)	0	0	0	(5)
Foreign currency	0	0	0	0
Net periodic cost (benefit)	$ 122	$ 154	$ 366	$ 464

Commitments and Contingencies (

Commitments and Contingencies (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2015USD ($)
Commitments and Contingencies Disclosure [Abstract]
Aggregate residual value at lease expiration for vehicle leases	$ 11,664
Guaranteed aggregate residual value at lease expiration for vehicle leases	9,448
Liability for the estimated end-of-term loss related to residual value guarantee	$ 227
operating lease commitment term	10 years
Future Minimum Payments Due on Building Lease	$ 2,776

Accumulated Other Comprehensi50

Accumulated Other Comprehensive Loss (Details) Part 1 - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Components of Accumulated Other Comprehensive Loss
Foreign currency translation adjustments	$ (43,712)	$ (32,090)
Pension and retiree medical benefits	(6,090)	(6,503)
Cash flow hedge	44	0
Total Accumulated Other Comprehensive Loss	(49,758)	(38,593)
Foreign Currency Translation Adjustments
Components of Accumulated Other Comprehensive Loss
Total Accumulated Other Comprehensive Loss	(43,712)	(32,090)
Pension and Post Retirement Benefits
Components of Accumulated Other Comprehensive Loss
Total Accumulated Other Comprehensive Loss	(6,090)	(6,503)
Cash Flow Hedge
Components of Accumulated Other Comprehensive Loss
Total Accumulated Other Comprehensive Loss	$ 44	$ 0

Accumulated Other Comprehensi51

Accumulated Other Comprehensive Loss (Details) Part 2 - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Changes in components of Accumulated Other Comprehensive Loss
Balance at the beginning of the year			$ (38,593)
Other comprehensive (loss) income before reclassifications			(11,578)
Amounts reclassified from Accumulated Other Comprehensive Loss			413
Net current period other comprehensive (loss) income	$ (5,243)	$ (6,940)	(11,165)	$ (5,018)
Balance at the end of the period	(49,758)		(49,758)
Foreign Currency Translation Adjustments
Changes in components of Accumulated Other Comprehensive Loss
Balance at the beginning of the year			(32,090)
Other comprehensive (loss) income before reclassifications			(11,622)
Amounts reclassified from Accumulated Other Comprehensive Loss			0
Net current period other comprehensive (loss) income			(11,622)
Balance at the end of the period	(43,712)		(43,712)
Pension and Post Retirement Benefits
Changes in components of Accumulated Other Comprehensive Loss
Balance at the beginning of the year			(6,503)
Other comprehensive (loss) income before reclassifications			0
Amounts reclassified from Accumulated Other Comprehensive Loss			413
Net current period other comprehensive (loss) income			413
Balance at the end of the period	(6,090)		(6,090)
Cash Flow Hedge
Changes in components of Accumulated Other Comprehensive Loss
Balance at the beginning of the year			0
Other comprehensive (loss) income before reclassifications			44
Amounts reclassified from Accumulated Other Comprehensive Loss			0
Net current period other comprehensive (loss) income			44
Balance at the end of the period	$ 44		$ 44

Income Taxes (Details)

Income Taxes (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2015USD ($)
Income Tax Disclosure [Abstract]
Liability for unrecognized tax benefits	$ 2,128
Unrecognized tax benefits, income tax penalties and interest accrued	494
Unrecognized tax benefits that would impact the effective tax rate	1,802
Reductions in unrecognized tax benefits as a result of expiration of the statute of limitations in various jurisdictions.	$ 733
Minimum
Income Tax Examination [Line Items]
Income Tax Examination, Year under Examination	2,007
Maximum
Income Tax Examination [Line Items]
Income Tax Examination, Year under Examination	2,014

Share-Based Compensation (Detai

Share-Based Compensation (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award
Allocated Share-based Compensation Expense	$ 1,691	$ 1,505	$ 6,580	$ 5,261
Excess Tax Benefit on Stock Plans			$ 707	1,620
Restricted shares
Share-based Compensation Arrangement by Share-based Payment Award
Shares granted			23,048
Weighted average grant date fair value, in dollars per share			$ 66.33
Vesting period of new awards granted			3 years
Fair value of shares vested			$ 900	$ 827

(Loss) Earnings Per Share (Deta

(Loss) Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Numerator:
Net (Loss) Earnings	$ (951)	$ 11,792	$ 18,892	$ 33,110
Denominator:
Basic - Weighted Average Shares Outstanding	17,941,171	18,120,729	18,139,314	18,201,291
Effect of dilutive securities:
Share-based compensation plans	0	514,558	478,717	526,527
Diluted - Weighted Average Shares Outstanding	17,941,171	18,635,287	18,618,031	18,727,818
Basic (Loss) Earnings per Share	$ (0.05)	$ 0.65	$ 1.04	$ 1.82
Diluted (Loss) Earnings per Share	$ (0.05)	$ 0.63	$ 1.01	$ 1.77
Anti-dilutive securities excluded from earnings per share calculation	746,206	81,874	242,874	85,765

Segment Reporting (Details)

Segment Reporting (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)	Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)
Segment Reporting [Abstract]
Number of operating segments			4
Number of reportable segments			1
Revenues from External Customers
Net Sales	$ 204,802	$ 202,643	$ 605,946	$ 605,706
Americas
Revenues from External Customers
Net Sales	148,947	142,149	444,379	418,236
Europe, Middle East and Africa
Revenues from External Customers
Net Sales	34,525	40,610	102,913	124,946
Asia Pacific
Revenues from External Customers
Net Sales	$ 21,330	$ 19,884	$ 58,654	$ 62,524