Tennant (TNC) 10-Q 28 Jul 16 2016 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information Document - shares	6 Months Ended
	Jun. 30, 2016	Jul. 15, 2016
Entity Information
Entity Registrant Name	Tennant Company
Entity Central Index Key	97,134
Document Type	10-Q
Document Period End Date	Jun. 30, 2016
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		17,585,591
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2
Amendment Flag	false

Condensed Consolidated Statemen

Condensed Consolidated Statements of Earnings - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Net Sales	$ 216,828	$ 215,404	$ 396,692	$ 401,144
Cost of Sales	121,539	120,371	223,901	228,030
Gross Profit	95,289	95,033	172,791	173,114
Operating Expense:
Research and Development Expense	8,390	8,404	16,294	16,114
Selling and Administrative Expense	64,253	64,042	126,692	126,159
Loss on Sale of Business	87	0	149	0
Total Operating Expense	72,730	72,446	143,135	142,273
Profit from Operations	22,559	22,587	29,656	30,841
Other Income (Expense):
Interest Income	40	53	81	103
Interest Expense	(288)	(419)	(590)	(796)
Net Foreign Currency Transaction Gains (Losses)	597	(225)	324	(668)
Other Expense, Net	(314)	(185)	(350)	(237)
Total Other Income (Expense), Net	35	(776)	(535)	(1,598)
Profit Before Income Taxes	22,594	21,811	29,121	29,243
Income Tax Expense	7,266	6,994	9,354	9,400
Net Earnings	$ 15,328	$ 14,817	$ 19,767	$ 19,843
Net Earnings per Share:
Basic	$ 0.88	$ 0.81	$ 1.13	$ 1.09
Diluted	$ 0.85	$ 0.79	$ 1.10	$ 1.06
Weighted Average Shares Outstanding:
Basic	17,508,022	18,197,431	17,526,107	18,240,027
Diluted	17,933,243	18,672,040	17,954,167	18,724,859
Cash Dividend Declared per Common Share	$ 0.20	$ 0.20	$ 0.40	$ 0.40

Condensed Consolidated Stateme3

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Net Earnings	$ 15,328	$ 14,817	$ 19,767	$ 19,843
Other Comprehensive Income (Loss):
Foreign currency translation adjustments	403	1,945	3,999	(6,196)
Pension and retiree medical benefits	19	166	38	438
Cash flow hedge	18	0	(429)	0
Income Taxes:
Foreign currency translation adjustments	(1)	0	5	(1)
Pension and retiree medical benefits	(7)	(62)	(14)	(163)
Cash flow hedge	(7)	0	160	0
Total Other Comprehensive Income (Loss), net of tax	425	2,049	3,759	(5,922)
Comprehensive Income	$ 15,753	$ 16,866	$ 23,526	$ 13,921

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Current Assets:
Cash and Cash Equivalents	$ 27,945	$ 51,300
Restricted Cash	529	640
Accounts Receivable, less Allowances of $3,886 and $3,615, respectively	154,609	140,445
Inventories	82,520	77,292
Prepaid Expenses	10,289	14,656
Other Current Assets	1,790	2,485
Assets Held for Sale	0	6,826
Total Current Assets	277,682	293,644
Property, Plant and Equipment	295,849	276,811
Accumulated Depreciation	(190,763)	(181,853)
Property, Plant and Equipment, Net	105,086	94,958
Deferred Income Taxes	14,102	12,051
Goodwill	17,524	16,803
Intangible Assets, Net	2,979	3,195
Other Assets	15,508	11,644
Total Assets	432,881	432,295
Current Liabilities:
Current Portion of Long-Term Debt	3,460	3,459
Accounts Payable	49,838	50,350
Employee Compensation and Benefits	30,137	34,528
Income Taxes Payable	3,950	1,398
Other Current Liabilities	40,792	43,027
Liabilities Held for Sale	0	454
Total Current Liabilities	128,177	133,216
Long-Term Liabilities:
Long-Term Debt	17,751	21,194
Employee-Related Benefits	21,245	21,508
Deferred Income Taxes	72	5
Other Liabilities	4,846	4,165
Total Long-Term Liabilities	43,914	46,872
Total Liabilities	172,091	180,088
Commitments and Contingencies (Note 11)
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; 17,578,267 and 17,744,381 shares issued and outstanding, respectively	6,592	6,654
Additional Paid-In Capital	0	0
Retained Earnings	298,568	293,682
Accumulated Other Comprehensive Loss	(44,370)	(48,129)
Total Shareholders' Equity	260,790	252,207
Total Liabilities and Shareholders' Equity	$ 432,881	$ 432,295

Condensed Consolidated Balance5

Condensed Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Current Assets:
Allowance For Doubtful Receivables And Sales Returns	$ 3,886	$ 3,615
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	17,578,267	17,744,381
Common Stock, shares outstanding	17,578,267	17,744,381

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
OPERATING ACTIVITIES
Net Earnings	$ 19,767	$ 19,843
Adjustments to reconcile Net Earnings to Net Cash Provided by Operating Activities:
Depreciation	8,655	8,155
Amortization	224	1,036
Deferred Income Taxes	(1,633)	(1,754)
Share-Based Compensation Expense	4,426	4,889
Allowance for Doubtful Accounts and Returns	606	1,246
Loss on Sale of Business	149	0
Other, Net	(63)	(74)
Changes in Operating Assets and Liabilities:
Receivables	(12,314)	(1,717)
Inventories	(3,941)	(11,002)
Accounts Payable	(389)	(3,440)
Employee Compensation and Benefits	(5,788)	(5,970)
Other Current Liabilities	(3,936)	(3,174)
Income Taxes	6,743	1,668
Other Assets and Liabilities	(65)	(3,133)
Net Cash Provided by Operating Activities	12,441	6,573
INVESTING ACTIVITIES
Purchases of Property, Plant and Equipment	(14,769)	(7,594)
Proceeds from Disposals of Property, Plant and Equipment	427	190
Proceeds from Sale of Business	285	0
Decrease (Increase) in Restricted Cash	120	(18)
Net Cash Used in Investing Activities	(13,937)	(7,422)
FINANCING ACTIVITIES
Payment of Long-Term Debt	(3,444)	(3,429)
Purchases of Common Stock	(12,762)	(14,229)
Proceeds from Issuance of Common Stock	1,196	802
Excess Tax Benefit on Stock Plans	246	669
Dividends Paid	(7,058)	(7,348)
Net Cash Used in Financing Activities	(21,822)	(23,535)
Effect of Exchange Rate Changes on Cash and Cash Equivalents	(37)	(940)
Net Decrease in Cash and Cash Equivalents	(23,355)	(25,324)
Cash and Cash Equivalents at Beginning of Period	51,300	92,962
Cash and Cash Equivalents at End of Period	27,945	67,638
Supplemental Disclosure of Cash Flow Information:
Cash Paid for Income Taxes	3,174	8,702
Cash Paid for Interest	505	718
Supplemental Non-cash Investing and Financing Activities:
Capital Expenditures in Accounts Payable	$ 1,538	$ 3,652

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 2016
Basis of Presentation [Abstract]
Basis of Presentation	1. 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, 2015 . The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year.

Management Actions

Management Actions	6 Months Ended
	Jun. 30, 2016
Restructuring and Related Activities [Abstract]
Management Actions	2. Management Actions During the third quarter of 2015, we implemented a restructuring action to reduce our infrastructure costs that we anticipated would improve Selling and Administrative Expense 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 Earnings. We believe the anticipated savings will offset the pre-tax charge in approximately one year from the date of the action. 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. During the fourth quarter of 2015, we implemented an additional restructuring action to reduce our infrastructure costs that we anticipated would improve Selling and Administrative Expense operating leverage in future quarters. The pre-tax charge of $1,965 , including other associated costs of $481 , consisted primarily of severance and was recorded in the fourth quarter of 2015. The pre-tax charge was included within Selling and Administrative Expense in the Condensed Consolidated Statements of Earnings. We believe the anticipated savings will offset the pre-tax charge in approximately 1.5 years from the date of the action. The charge impacted our Americas, EMEA and 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 2015 restructuring actions $ 3,263 Cash payments (1,332 ) Foreign currency adjustments (19 ) December 31, 2015 balance $ 1,912 2016 utilization: Cash payments (871 ) Foreign currency adjustments 21 June 30, 2016 balance $ 1,062

Divestiture

Divestiture	6 Months Ended
	Jun. 30, 2016
Disposal Group, Not Discontinued Operation, Disposal Disclosures [Abstract]
Divestiture	3. Divestiture On August 19, 2015, we adopted a plan to sell assets and liabilities of the Green Machines TM outdoor city cleaning line as a result of determining that the product line, which constituted approximately two percent of our total sales, did not sufficiently complement our core business. Further details regarding the assets and liabilities held for sale as of December 31, 2015 are described in Note 6 of our annual report on Form 10-K for the year ended December 31, 2015 . On January 19, 2016 , we signed a Business Purchase Agreement (“BPA”) with Green Machines International GmbH and Green Machine Sweepers UK Limited, subsidiaries of M&F Management and Financing GmbH, which is also the parent company of the master distributor of our products in Central Eastern Europe, Middle East and Africa, TCS EMEA GmbH, for the sale of our Green Machines outdoor city cleaning line. Per the terms of the BPA, the sale closed on January 31, 2016 . Subject to working capital adjustments, the aggregate consideration for the Green Machines business is $5,700 . Under the BPA, the total aggregate consideration will be paid as follows: • Initial cash consideration of $285 , which was received during the first quarter of 2016. • An estimated $1,015 will be received as a result of a working capital adjustment. The final working capital adjustment has not yet been finalized. • The remaining purchase price of $4,400 , to be adjusted by the agreed upon closing working capital adjustment, will be financed and received in 13 equal installments on the last business day of each quarter, commencing with the quarter ending September 30, 2016 . In the first six months of 2016 , as a result of this divestiture, we recorded a pre-tax loss of $149 in our Profit from Operations in the Condensed Consolidated Statements of Earnings. The impact of the recorded loss and the sale of Green Machines is not material to our earnings as Green Machines only accounted for approximately two percent of our total sales. Subsequent to the closing date, we will act as a distributor for Green Machine Sweepers UK Limited by continuing to sell Green Machines in certain regions, primarily the Americas and APAC, and will also serve as the exclusive service provider for Green Machines worldwide. Net of this estimated revenue, the divestiture is anticipated to reduce Tennant's annual revenue by approximately one percent, with an immaterial impact on earnings. We have identified Green Machines International GmbH as a variable interest entity (“VIE”) and have performed a qualitative assessment to determine if Tennant is the primary beneficiary of the VIE. We have determined that we are not the primary beneficiary of the VIE and consolidation of the VIE is not considered necessary.

Inventories

Inventories	6 Months Ended
	Jun. 30, 2016
Inventory Disclosure [Abstract]
Inventories	4. Inventories Inventories are valued at the lower of cost or market. Inventories at June 30, 2016 and December 31, 2015 consisted of the following: June 30, December 31, Inventories carried at LIFO: Finished goods $ 44,354 $ 41,225 Raw materials, production parts and work-in-process 22,354 22,158 LIFO reserve (27,645 ) (27,645 ) Total LIFO inventories 39,063 35,738 Inventories carried at FIFO: Finished goods 29,981 32,421 Raw materials, production parts and work-in-process 13,476 13,812 Inventories held for sale — (4,679 ) Total FIFO inventories 43,457 41,554 Total inventories $ 82,520 $ 77,292 The LIFO reserve approximates the difference between LIFO carrying cost and FIFO.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	6 Months Ended
	Jun. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	5. Goodwill and Intangible Assets The changes in the carrying value of Goodwill for the six months ended June 30, 2016 were as follows: Goodwill Accumulated Impairment Losses Total Balance as of December 31, 2015 $ 60,447 $ (43,644 ) $ 16,803 Foreign currency fluctuations (3,027 ) 3,748 721 Balance as of June 30, 2016 $ 57,420 $ (39,896 ) $ 17,524 The balances of acquired Intangible Assets, excluding Goodwill, as of June 30, 2016 and December 31, 2015 , were as follows: Customer Lists and Service Contracts Trade Name Technology Total Balance as of June 30, 2016 Original cost $ 6,550 $ — $ 5,201 $ 11,751 Accumulated amortization (6,090 ) — (2,682 ) (8,772 ) Carrying value $ 460 $ — $ 2,519 $ 2,979 Weighted average original life (in years) 15 — 13 Balance as of December 31, 2015 Original cost $ 19,781 $ 3,859 $ 6,596 $ 30,236 Accumulated amortization (19,232 ) (3,859 ) (3,950 ) (27,041 ) Carrying value $ 549 $ — $ 2,646 $ 3,195 Weighted average original life (in years) 15 14 13 The accumulated amortization balances for the year ended December 31, 2015 included fully impaired customer lists, trade name and technology intangible assets that were impaired as a result of our decision to hold the assets and liabilities of the Green Machines outdoor city cleaning line for sale in 2015 . Amortization expense on Intangible Assets for the three and six months ended June 30, 2016 was $112 and $224 , respectively. Amortization expense on Intangible Assets for the three and six months ended June 30, 2015 was $516 and $1,036 , 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 2016 $ 185 2017 316 2018 310 2019 310 2020 310 Thereafter 1,548 Total $ 2,979

Debt

Debt	6 Months Ended
	Jun. 30, 2016
Debt Disclosure [Abstract]
Debt	6. Debt Debt outstanding is summarized as follows: June 30, December 31, Long-Term Debt: Credit facility borrowings $ 21,143 $ 24,571 Capital lease obligations 68 82 Total Debt 21,211 24,653 Less: Current Portion (3,460 ) (3,459 ) Long-Term Portion $ 17,751 $ 21,194 As of June 30, 2016 , we had committed lines of credit totaling $125,000 and uncommitted credit facilities totaling $87,210 . There were $10,000 in outstanding borrowings under our JPMorgan facility (described below) and $11,143 in outstanding borrowings under our Prudential facility (described below) as of June 30, 2016 . In addition, we had stand alone letters of credit and bank guarantees outstanding in the amount of $3,242 . Commitment fees on unused lines of credit for the six months ended June 30, 2016 were $111 . Our most restrictive covenants are part of our Amended and Restated Credit Agreement with JPMorgan (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 June 30, 2016 , our indebtedness to EBITDA ratio was 0.34 to 1 and our EBITDA to interest expense ratio was 76.03 to 1 . Credit Facilities JPMorgan Chase Bank, National Association Details regarding our Amended and Restated Credit Agreement, dated as of June 30, 2015, between us and JPMorgan Chase Bank, N.A. ("JPMorgan"), as administrative agent and collateral agent, U.S. Bank National Association, as syndication agent, and Wells Fargo Bank, National Association, as documentation agent, and the Lenders (including JPMorgan) from time to time party thereto (the "Amended and Restated Credit Agreement") are described in Note 9 of our annual report on Form 10-K for the year ended December 31, 2015 . As of June 30, 2016 , we were in compliance with all covenants under the Amended and Restated Credit Agreement. There were $10,000 in outstanding borrowings under this facility at June 30, 2016 , with a weighted average interest rate of 1.53% . This facility, under the current terms of the Amended and Restated Credit Agreement, expires on June 30, 2020 . Prudential Investment Management, Inc. Details regarding our Private Shelf Agreement, dated as of July 29, 2009, and amended on May 5, 2011, July 24, 2012 and June 30, 2015, with Prudential Investment Management, Inc. ("Prudential") and Prudential affiliates from time to time party thereto (the "Shelf Agreement") are described in Note 9 of our annual report on Form 10-K for the year ended December 31, 2015 . As of June 30, 2016 , there were $11,143 in outstanding borrowings under the Shelf Agreement, consisting of $4,000 of Series A notes issued in March 2011 with a fixed interest rate of 4.00% and a term of seven years , with remaining serial maturities from 2017 to 2018 , and the $7,143 Series B notes issued in June 2011 with a fixed interest rate of 4.10% and a term of 10 years , with remaining serial maturities from 2017 to 2021 . The third payment of $2,000 on Series A notes was made during the first quarter of 2016 . The second payment of $1,429 on Series B notes was made during the second quarter of 2016 . We were in compliance with all covenants under the Shelf Agreement as of June 30, 2016 . The issuance period, under the current terms of the Shelf Agreement, expires on June 30, 2018 . 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 $2,210 . There was no balance outstanding on this facility as of June 30, 2016 . 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 June 30, 2016 , there were no outstanding borrowings on this facility.

Warranty

Warranty	6 Months Ended
	Jun. 30, 2016
Product Warranties Disclosures [Abstract]
Warranty	7. 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 six months ended June 30, 2016 and 2015 were as follows: Six Months Ended June 30 2016 2015 Beginning balance $ 10,093 $ 9,686 Additions charged to expense 5,946 5,670 Foreign currency fluctuations 48 (118 ) Claims paid (5,766 ) (5,209 ) Ending balance $ 10,321 $ 10,029

Derivatives (Notes)

Derivatives (Notes)	6 Months Ended
	Jun. 30, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities Disclosure [Text Block]	8. Derivatives Hedge Accounting and Hedging Programs 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 Gains (Losses) in our Condensed Consolidated Statements of Earnings. The time value of purchased contracts is recorded in Net Foreign Currency Transaction Gains (Losses) in our Condensed Consolidated Statements of Earnings. 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 Gains (Losses) in our Condensed Consolidated Statements of Earnings. 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 June 30, 2016 and December 31, 2015 , the notional amounts of foreign currency forward exchange contracts outstanding not designated as hedging instruments were $40,994 and $45,851 , 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 one year . 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 amounts of outstanding foreign currency forward contracts designated as cash flow hedges were $2,368 and $2,486 as of June 30, 2016 and December 31, 2015 , respectively. The notional amounts of outstanding foreign currency option contracts designated as cash flow hedges were $8,770 and $11,271 as of June 30, 2016 and December 31, 2015 , respectively. 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 our Condensed Consolidated Statements of Earnings. In the event the hedge becomes ineffective, 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 Gains (Losses) in our Condensed Consolidated Statements of Earnings 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 Gains (Losses) in our Condensed Consolidated Statements of Earnings. The fair value of derivative instruments on our Condensed Consolidated Balance Sheets as of June 30, 2016 and December 31, 2015 were as follows: June 30, 2016 December 31, 2015 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) $ 103 $ — $ 387 $ — Foreign currency forward contracts (1) — 15 113 — Derivatives not designated as hedging instruments: Foreign currency forward contracts (1) $ 14 $ 689 $ 171 $ 7 (1) Contracts that mature within the next 12 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 12 months are included in Other Assets and Other Liabilities for asset derivatives and liability derivatives, respectively, on our Condensed Consolidated Balance Sheets. As of June 30, 2016 , we anticipate reclassifying approximately $260 of losses from Accumulated Other Comprehensive Loss to net earnings during the next 12 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 Earnings for the three and six months ended June 30, 2016 was as follows: Three Months Ended Six Months Ended June 30, 2016 June 30, 2016 Foreign Currency Option Contracts Foreign Currency Forward Contracts Foreign Currency Option Contracts Foreign Currency Forward Contracts Derivatives in cash flow hedging relationships: Net loss recognized in Other Comprehensive Income (Loss), net of tax (1) $ (44 ) $ (29 ) $ (230 ) $ (65 ) Net loss reclassified from Accumulated Other Comprehensive Loss into earnings, net of tax (2) — (84 ) — (26 ) Net loss recognized in earnings (3) — — (6 ) — Derivatives not designated as hedging instruments: Net loss recognized in earnings (4) $ — $ (371 ) $ — $ (2,062 ) 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 Earnings for the three and six months ended June 30, 2015 was as follows: Three Months Ended Six Months Ended June 30, 2015 June 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 recognized in Other Comprehensive Income (Loss), net of tax (1) $ — $ — $ — $ — Net gain reclassified from Accumulated Other Comprehensive Loss into earnings, net of tax (2) — — — — Net loss recognized in earnings (3) — — — — Derivatives not designated as hedging instruments: Net (loss) gain recognized in earnings (4) $ — $ (1,378 ) $ — $ 1,753 (1) Net change in the fair value of the effective portion classified in Other Comprehensive Income (Loss). (2) Effective portion classified as Net Sales. (3) Ineffective portion and amount excluded from effectiveness testing classified in Net Foreign Currency Transaction Gains (Losses). (4) Classified in Net Foreign Currency Transaction Gains (Losses).

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2016
Fair Value Disclosures [Abstract]
Fair Value Measurements	9. 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 June 30, 2016 is as follows: Fair Value Level 1 Level 2 Level 3 Assets: Foreign currency forward exchange contracts $ 14 $ — $ 14 $ — Foreign currency option contracts 103 — 103 — Total Assets $ 117 $ — $ 117 $ — Liabilities: Foreign currency forward exchange contracts $ 704 $ — $ 704 $ — Total Liabilities $ 704 $ — $ 704 $ — 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. Further details regarding our foreign currency forward exchange and option contracts are discussed in Note 8. The carrying amounts reported in the Condensed Consolidated Balance Sheets for Cash and Cash Equivalents, Restricted Cash, Accounts Receivable, Other Current Assets, Accounts Payable and Other Current Liabilities 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 that would fall within Level 3 of the fair value hierarchy.

Retirement Benefit Plans

Retirement Benefit Plans	6 Months Ended
	Jun. 30, 2016
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract]
Retirement Benefit Plans	10. Retirement Benefit Plans Our defined benefit pension plans and postretirement medical plan are described in Note 13 of our annual report on Form 10-K for the year ended December 31, 2015 . We have contributed $104 and $185 during the second quarter of 2016 and $209 and $464 during the first six months of 2016 to our pension plans and to our postretirement medical plan, respectively. The components of the net periodic (benefit) cost for the three and six months ended June 30, 2016 and 2015 were as follows: Three Months Ended June 30 Pension Benefits Postretirement U.S. Plans Non-U.S. Plans Medical Benefits 2016 2015 2016 2015 2016 2015 Service cost $ 97 $ 134 $ 36 $ 36 $ 24 $ 17 Interest cost 415 423 103 125 100 87 Expected return on plan assets (603 ) (655 ) (97 ) (146 ) — — Amortization of net actuarial loss (gain) 8 192 — — — (35 ) Amortization of prior service cost 10 10 32 65 — — Foreign currency — — (16 ) 118 — — Net periodic (benefit) cost $ (73 ) $ 104 $ 58 $ 198 $ 124 $ 69 Six Months Ended June 30 Pension Benefits Postretirement U.S. Plans Non-U.S. Plans Medical Benefits 2016 2015 2016 2015 2016 2015 Service cost $ 177 $ 240 $ 72 $ 72 $ 48 $ 48 Interest cost 830 855 208 248 199 196 Expected return on plan assets (1,200 ) (1,307 ) (194 ) (290 ) — — Amortization of net actuarial loss 17 418 — — — — Amortization of prior service cost 21 21 64 130 — — Foreign currency — — 24 35 — — Net periodic (benefit) cost $ (155 ) $ 227 $ 174 $ 195 $ 247 $ 244

Commitments and Contingencies (

Commitments and Contingencies (Notes)	6 Months Ended
	Jun. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments Contingencies and Guarantees [Text Block]	11. 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 June 30, 2016 , of those leases that contain residual value guarantees, the aggregate residual value at lease expiration was $13,643 , of which we have guaranteed $11,013 . As of June 30, 2016 , we have recorded a liability for the estimated end of term loss related to this residual value guarantee of $295 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 first quarter of 2016 , we entered into a distributor agreement with Green Machine Sweepers UK Limited, an affiliate of Green Machines International GmbH, for the exclusive right for Tennant to distribute, market, sell, rent and lease Green Machines products, aftermarket parts and consumables in the Americas and APAC. As part of this distributor agreement, we entered into a purchase commitment obligating us to purchase $12,000 of products and aftermarket parts and consumables annually for the next two years , for a total purchase commitment of $24,000 . On March 23, 2016, we entered into a four year Joint Development Agreement with a partner to develop software. As part of that agreement we have committed to spend $3,000 during the first year of the agreement and $8,000 over the life of the agreement, subject to regular time and materials billing and achievement of contract milestones.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss (Notes)	6 Months Ended
	Jun. 30, 2016
Equity [Abstract]
Accumulated Other Comprehensive Loss	12. Accumulated Other Comprehensive Loss Components of Accumulated Other Comprehensive Loss, net of tax, within the Condensed Consolidated Balance Sheets, are as follows: June 30, 2016 December 31, 2015 Foreign currency translation adjustments $ (40,581 ) $ (44,585 ) Pension and retiree medical benefits (3,623 ) (3,647 ) Cash flow hedge (166 ) 103 Total Accumulated Other Comprehensive Loss $ (44,370 ) $ (48,129 ) 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, 2015 $ (44,585 ) $ (3,647 ) $ 103 $ (48,129 ) Other comprehensive income (loss) before reclassifications 4,004 — (295 ) 3,709 Amounts reclassified from Accumulated Other Comprehensive Loss — 24 26 50 Net current period other comprehensive income (loss) $ 4,004 $ 24 $ (269 ) $ 3,759 June 30, 2016 $ (40,581 ) $ (3,623 ) $ (166 ) $ (44,370 )

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2016
Income Tax Disclosure [Abstract]
Income Taxes	13. 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 $2,752 for unrecognized tax benefits as of June 30, 2016 , there was approximately $561 for accrued interest and penalties. The total amount of unrecognized tax benefits that, if recognized, would affect the effective tax rate as of June 30, 2016 was $2,368 . 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. 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	6 Months Ended
	Jun. 30, 2016
Share-based Compensation [Abstract]
Share-Based Compensation	14. Share-Based Compensation Our share-based compensation plans are described in Note 17 of our annual report on Form 10-K for the year ended December 31, 2015 . During the three months ended June 30, 2016 and 2015 , we recognized total Share-Based Compensation Expense of $1,789 and $2,182 , respectively. During the six months ended June 30, 2016 and 2015 , we recognized total Share-Based Compensation Expense of $4,426 and $4,889 , respectively. The total excess tax benefit recognized for share-based compensation arrangements during the six months ended June 30, 2016 and 2015 was $246 and $669 , respectively. During the first six months of 2016 , we granted 27,921 restricted shares. The weighted average grant date fair value of each share awarded was $53.02 . 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 six months ended June 30, 2016 and 2015 was $1,724 and $833 , respectively.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2016
Earnings Per Share [Abstract]
Earnings Per Share	15. Earnings Per Share The computations of Basic and Diluted Earnings per Share were as follows: Three Months Ended Six Months Ended June 30 June 30 2016 2015 2016 2015 Numerator: Net Earnings $ 15,328 $ 14,817 $ 19,767 $ 19,843 Denominator: Basic - Weighted Average Shares Outstanding 17,508,022 18,197,431 17,526,107 18,240,027 Effect of dilutive securities: Share-based compensation plans 425,221 474,609 428,060 484,832 Diluted - Weighted Average Shares Outstanding 17,933,243 18,672,040 17,954,167 18,724,859 Basic Earnings per Share $ 0.88 $ 0.81 $ 1.13 $ 1.09 Diluted Earnings per Share $ 0.85 $ 0.79 $ 1.10 $ 1.06 Excluded from the dilutive securities shown above were options to purchase 408,979 and 237,405 shares of Common Stock during the three months ended June 30, 2016 and 2015 , respectively. Excluded from the dilutive securities shown above were options to purchase 405,123 and 215,767 shares of Common Stock during the six months ended June 30, 2016 and 2015 , respectively. These exclusions were made if the exercise prices of the options are greater than the average market price of our Common Stock for the period, if the number of shares we can repurchase under the treasury stock method exceeds the weighted average shares outstanding in the options or if we have a net loss, as these effects are anti-dilutive.

Segment Reporting

Segment Reporting	6 Months Ended
	Jun. 30, 2016
Segment Reporting [Abstract]
Segment Reporting	16. 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 six months ended June 30, 2016 and 2015 were as follows: Three Months Ended Six Months Ended June 30 June 30 2016 2015 2016 2015 Americas $ 163,857 $ 161,429 $ 297,410 $ 295,432 Europe, Middle East and Africa 34,391 33,741 65,124 68,388 Asia Pacific 18,580 20,234 34,158 37,324 Total $ 216,828 $ 215,404 $ 396,692 $ 401,144 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	6 Months Ended
	Jun. 30, 2016
Related Party Transactions [Abstract]
Related Party Transactions	17. Related Party Transactions 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.

Subsequent Event (Notes)

Subsequent Event (Notes)	6 Months Ended
	Jun. 30, 2016
Subsequent Events [Abstract]
Subsequent Events [Text Block]	18. Subsequent Event On July 28, 2016 , the Company signed an Asset Purchase Agreement and Real Estate Purchase Agreement with Crawford Laboratories, Inc. and affiliates thereof ("Sellers"), to purchase selected assets and liabilities of the Seller's commercial floor coatings business. The purchase price was $12,070 , subject to customary working capital adjustments. The transaction closed on July 28, 2016 .

Management Actions (Tables)

Management Actions (Tables)	6 Months Ended
	Jun. 30, 2016
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 2015 restructuring actions $ 3,263 Cash payments (1,332 ) Foreign currency adjustments (19 ) December 31, 2015 balance $ 1,912 2016 utilization: Cash payments (871 ) Foreign currency adjustments 21 June 30, 2016 balance $ 1,062

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jun. 30, 2016
Inventory Disclosure [Abstract]
Inventories	Inventories are valued at the lower of cost or market. Inventories at June 30, 2016 and December 31, 2015 consisted of the following: June 30, December 31, Inventories carried at LIFO: Finished goods $ 44,354 $ 41,225 Raw materials, production parts and work-in-process 22,354 22,158 LIFO reserve (27,645 ) (27,645 ) Total LIFO inventories 39,063 35,738 Inventories carried at FIFO: Finished goods 29,981 32,421 Raw materials, production parts and work-in-process 13,476 13,812 Inventories held for sale — (4,679 ) Total FIFO inventories 43,457 41,554 Total inventories $ 82,520 $ 77,292

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Changes in the carrying amount of Goodwill	The changes in the carrying value of Goodwill for the six months ended June 30, 2016 were as follows: Goodwill Accumulated Impairment Losses Total Balance as of December 31, 2015 $ 60,447 $ (43,644 ) $ 16,803 Foreign currency fluctuations (3,027 ) 3,748 721 Balance as of June 30, 2016 $ 57,420 $ (39,896 ) $ 17,524
Acquired Intangible Assets excluding Goodwill	The balances of acquired Intangible Assets, excluding Goodwill, as of June 30, 2016 and December 31, 2015 , were as follows: Customer Lists and Service Contracts Trade Name Technology Total Balance as of June 30, 2016 Original cost $ 6,550 $ — $ 5,201 $ 11,751 Accumulated amortization (6,090 ) — (2,682 ) (8,772 ) Carrying value $ 460 $ — $ 2,519 $ 2,979 Weighted average original life (in years) 15 — 13 Balance as of December 31, 2015 Original cost $ 19,781 $ 3,859 $ 6,596 $ 30,236 Accumulated amortization (19,232 ) (3,859 ) (3,950 ) (27,041 ) Carrying value $ 549 $ — $ 2,646 $ 3,195 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 2016 $ 185 2017 316 2018 310 2019 310 2020 310 Thereafter 1,548 Total $ 2,979

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2016
Debt Disclosure [Abstract]
Summary of outstanding Long-Term Debt	Debt outstanding is summarized as follows: June 30, December 31, Long-Term Debt: Credit facility borrowings $ 21,143 $ 24,571 Capital lease obligations 68 82 Total Debt 21,211 24,653 Less: Current Portion (3,460 ) (3,459 ) Long-Term Portion $ 17,751 $ 21,194

Warranty (Tables)

Warranty (Tables)	6 Months Ended
	Jun. 30, 2016
Product Warranties Disclosures [Abstract]
Changes in warranty reserve	The changes in warranty reserves for the six months ended June 30, 2016 and 2015 were as follows: Six Months Ended June 30 2016 2015 Beginning balance $ 10,093 $ 9,686 Additions charged to expense 5,946 5,670 Foreign currency fluctuations 48 (118 ) Claims paid (5,766 ) (5,209 ) Ending balance $ 10,321 $ 10,029

Derivatives (Tables)

Derivatives (Tables)	6 Months Ended
	Jun. 30, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of derivative instruments on our Condensed Consolidated Balance Sheets	The fair value of derivative instruments on our Condensed Consolidated Balance Sheets as of June 30, 2016 and December 31, 2015 were as follows: June 30, 2016 December 31, 2015 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) $ 103 $ — $ 387 $ — Foreign currency forward contracts (1) — 15 113 — Derivatives not designated as hedging instruments: Foreign currency forward contracts (1) $ 14 $ 689 $ 171 $ 7 (1) Contracts that mature within the next 12 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 12 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 Earnings for the three and six months ended June 30, 2016 was as follows: Three Months Ended Six Months Ended June 30, 2016 June 30, 2016 Foreign Currency Option Contracts Foreign Currency Forward Contracts Foreign Currency Option Contracts Foreign Currency Forward Contracts Derivatives in cash flow hedging relationships: Net loss recognized in Other Comprehensive Income (Loss), net of tax (1) $ (44 ) $ (29 ) $ (230 ) $ (65 ) Net loss reclassified from Accumulated Other Comprehensive Loss into earnings, net of tax (2) — (84 ) — (26 ) Net loss recognized in earnings (3) — — (6 ) — Derivatives not designated as hedging instruments: Net loss recognized in earnings (4) $ — $ (371 ) $ — $ (2,062 ) 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 Earnings for the three and six months ended June 30, 2015 was as follows: Three Months Ended Six Months Ended June 30, 2015 June 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 recognized in Other Comprehensive Income (Loss), net of tax (1) $ — $ — $ — $ — Net gain reclassified from Accumulated Other Comprehensive Loss into earnings, net of tax (2) — — — — Net loss recognized in earnings (3) — — — — Derivatives not designated as hedging instruments: Net (loss) gain recognized in earnings (4) $ — $ (1,378 ) $ — $ 1,753 (1) Net change in the fair value of the effective portion classified in Other Comprehensive Income (Loss). (2) Effective portion classified as Net Sales. (3) Ineffective portion and amount excluded from effectiveness testing classified in Net Foreign Currency Transaction Gains (Losses). (4) Classified in Net Foreign Currency Transaction Gains (Losses).

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2016
Fair Value Disclosures [Abstract]
Fair value measurements of assets and liabilities	Our population of assets and liabilities subject to fair value measurements at June 30, 2016 is as follows: Fair Value Level 1 Level 2 Level 3 Assets: Foreign currency forward exchange contracts $ 14 $ — $ 14 $ — Foreign currency option contracts 103 — 103 — Total Assets $ 117 $ — $ 117 $ — Liabilities: Foreign currency forward exchange contracts $ 704 $ — $ 704 $ — Total Liabilities $ 704 $ — $ 704 $ —

Retirement Benefit Plans (Table

Retirement Benefit Plans (Tables)	6 Months Ended
	Jun. 30, 2016
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract]
Components of the net periodic (benefit) cost	The components of the net periodic (benefit) cost for the three and six months ended June 30, 2016 and 2015 were as follows: Three Months Ended June 30 Pension Benefits Postretirement U.S. Plans Non-U.S. Plans Medical Benefits 2016 2015 2016 2015 2016 2015 Service cost $ 97 $ 134 $ 36 $ 36 $ 24 $ 17 Interest cost 415 423 103 125 100 87 Expected return on plan assets (603 ) (655 ) (97 ) (146 ) — — Amortization of net actuarial loss (gain) 8 192 — — — (35 ) Amortization of prior service cost 10 10 32 65 — — Foreign currency — — (16 ) 118 — — Net periodic (benefit) cost $ (73 ) $ 104 $ 58 $ 198 $ 124 $ 69 Six Months Ended June 30 Pension Benefits Postretirement U.S. Plans Non-U.S. Plans Medical Benefits 2016 2015 2016 2015 2016 2015 Service cost $ 177 $ 240 $ 72 $ 72 $ 48 $ 48 Interest cost 830 855 208 248 199 196 Expected return on plan assets (1,200 ) (1,307 ) (194 ) (290 ) — — Amortization of net actuarial loss 17 418 — — — — Amortization of prior service cost 21 21 64 130 — — Foreign currency — — 24 35 — — Net periodic (benefit) cost $ (155 ) $ 227 $ 174 $ 195 $ 247 $ 244

Accumulated Other Comprehensi33

Accumulated Other Comprehensive Loss (Tables)	6 Months Ended
	Jun. 30, 2016
Equity [Abstract]
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: June 30, 2016 December 31, 2015 Foreign currency translation adjustments $ (40,581 ) $ (44,585 ) Pension and retiree medical benefits (3,623 ) (3,647 ) Cash flow hedge (166 ) 103 Total Accumulated Other Comprehensive Loss $ (44,370 ) $ (48,129 )
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, 2015 $ (44,585 ) $ (3,647 ) $ 103 $ (48,129 ) Other comprehensive income (loss) before reclassifications 4,004 — (295 ) 3,709 Amounts reclassified from Accumulated Other Comprehensive Loss — 24 26 50 Net current period other comprehensive income (loss) $ 4,004 $ 24 $ (269 ) $ 3,759 June 30, 2016 $ (40,581 ) $ (3,623 ) $ (166 ) $ (44,370 )

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2016
Earnings Per Share [Abstract]
Computation of Basic and Diluted Earnings per Share	The computations of Basic and Diluted Earnings per Share were as follows: Three Months Ended Six Months Ended June 30 June 30 2016 2015 2016 2015 Numerator: Net Earnings $ 15,328 $ 14,817 $ 19,767 $ 19,843 Denominator: Basic - Weighted Average Shares Outstanding 17,508,022 18,197,431 17,526,107 18,240,027 Effect of dilutive securities: Share-based compensation plans 425,221 474,609 428,060 484,832 Diluted - Weighted Average Shares Outstanding 17,933,243 18,672,040 17,954,167 18,724,859 Basic Earnings per Share $ 0.88 $ 0.81 $ 1.13 $ 1.09 Diluted Earnings per Share $ 0.85 $ 0.79 $ 1.10 $ 1.06

Segment Reporting (Tables)

Segment Reporting (Tables)	6 Months Ended
	Jun. 30, 2016
Segment Reporting [Abstract]
Net Sales by geographic area	Net Sales attributed to each geographic area for the three and six months ended June 30, 2016 and 2015 were as follows: Three Months Ended Six Months Ended June 30 June 30 2016 2015 2016 2015 Americas $ 163,857 $ 161,429 $ 297,410 $ 295,432 Europe, Middle East and Africa 34,391 33,741 65,124 68,388 Asia Pacific 18,580 20,234 34,158 37,324 Total $ 216,828 $ 215,404 $ 396,692 $ 401,144

Management Actions (Details)

Management Actions (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Restructuring Reserve [Roll Forward]
Restructuring Charges, net of noncash expenses		$ 3,263
Restructuring Reserve beginning balance	$ 1,912
Cash Payments	(871)	(1,332)
Foreign currency adjustments	21	(19)
Restructuring Reserve ending balance	$ 1,062	1,912
Q3 2015 Action [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges		$ 1,779
Approximate time anticipated savings will offset the restructuring charge		1 year
Q4 2015 Action [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges		$ 1,965
Approximate time anticipated savings will offset the restructuring charge		1 year 6 months
Other associated restructuring charges		$ 481

Divestiture (Details)

Divestiture (Details) $ in Thousands	6 Months Ended		12 Months Ended
	Jun. 30, 2016USD ($)	Jun. 30, 2015USD ($)	Dec. 31, 2015	Jan. 31, 2016USD ($)
Disposal Group, Not Discontinued Operation, Disposal Disclosures [Abstract]
Relative size of the disposal group compared to the total company, in terms of revenue			2.00%
Date of divestiture	Jan. 31, 2016
Total selling price				$ 5,700
Proceeds from Sale of Business	$ 285	$ 0
Amount to be received after working capital adjustments	1,015
Amount financed as part of selling price	$ 4,400
Number of installment payments to be received	13
Disposal Group, Not Discontinued Operation, Loss on Disposal	$ 149

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Inventories carried at LIFO:
Finished goods	$ 44,354	$ 41,225
Raw materials, production parts and work-in-process	22,354	22,158
LIFO Reserve	(27,645)	(27,645)
Total LIFO inventories	39,063	35,738
Inventories carried at FIFO:
Finished goods	29,981	32,421
Raw materials, production parts and work-in-process	13,476	13,812
Inventories held for sale	0	(4,679)
Total FIFO inventories	43,457	41,554
Total Inventories	$ 82,520	$ 77,292

Goodwill and Intangible Asset39

Goodwill and Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Goodwill, Gross
Balance, beginning of period			$ 60,447
Foreign currency fluctuations			(3,027)
Balance, end of period	$ 57,420		57,420		$ 60,447
Accumulated Impairment Losses
Balance, beginning of period			(43,644)
Foreign currency fluctuations			3,748
Balance, end of period	(39,896)		(39,896)		(43,644)
Goodwill, Net
Balance, beginning of period			16,803
Foreign currency fluctuations			721
Balance, end of period	17,524		17,524		16,803
Acquired Finite-lived Intangible Assets
Original cost	11,751		11,751		30,236
Accumulated amortization	(8,772)		(8,772)		(27,041)
Intangible Assets, Net	2,979		2,979		3,195
Amortization expense	112	$ 516	224	$ 1,036
Estimated aggregate amortization expense of Intangible Assets
Remaining 2,016	185		185
2,017	316		316
2,018	310		310
2,019	310		310
2,020	310		310
Thereafter	1,548		1,548
Total	2,979		2,979
Customer Lists and Service Contracts
Acquired Finite-lived Intangible Assets
Original cost	6,550		6,550		19,781
Accumulated amortization	(6,090)		(6,090)		(19,232)
Intangible Assets, Net	460		$ 460		$ 549
Weighted-average original life			15 years		15 years
Trade Name
Acquired Finite-lived Intangible Assets
Original cost					$ 3,859
Accumulated amortization					(3,859)
Intangible Assets, Net					$ 0
Weighted-average original life					14 years
Technology
Acquired Finite-lived Intangible Assets
Original cost	5,201		$ 5,201		$ 6,596
Accumulated amortization	(2,682)		(2,682)		(3,950)
Intangible Assets, Net	$ 2,519		$ 2,519		$ 2,646
Weighted-average original life			13 years		13 years

Debt (Details 1)

Debt (Details 1) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Debt Instrument
Total Debt	$ 21,211	$ 24,653
Less: Current Portion	(3,460)	(3,459)
Long-Term Portion	17,751	21,194
Committed lines of credit	125,000
Uncommitted lines of credit	87,210
Letters of Credit Outstanding	3,242
Commitment fees on unused line of credit	$ 111
Indebtedness to EBITDA ratio	0.34 to 1
Line of Credit Facility, EBITDA to interest expense ratio	76.03 to 1
Credit facility borrowings, Long-Term
Debt Instrument
Total Debt	$ 21,143	24,571
Capital lease obligations
Debt Instrument
Total Debt	$ 68	$ 82

Debt (Details 2)

Debt (Details 2) - 6 months ended Jun. 30, 2016 € in Thousands, $ in Thousands	USD ($)	EUR (€)	USD ($)
Line of Credit Facility
Covenant restriction, Maximum indebtedness to EBITDA	3.25 to 1
Covenant restriction, Minimum EBITDA to interest expense	3.50 to 1
JPMorgan Chase Bank, National Association
Line of Credit Facility
Amount outstanding			$ 10,000
Weighted average interest rate		1.53%	1.53%
Expiration date	Jun. 30, 2020
Prudential Investment Management, Inc.
Line of Credit Facility
Amount outstanding			$ 11,143
Expiration date	Jun. 30, 2018
Series A notes
Line of Credit Facility
Face amount			$ 4,000
Interest rate, stated percentage		4.00%	4.00%
Note term	7 years
Maturity date range, start	Mar. 8, 2017
Maturity date range, end	Mar. 8, 2018
Repayments of Long-term Debt	$ 2,000
Series B notes
Line of Credit Facility
Face amount			$ 7,143
Interest rate, stated percentage		4.10%	4.10%
Note term	10 years
Maturity date range, start	Jun. 28, 2017
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	2,210
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	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
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	$ 10,093	$ 9,686
Additions charged to expense	5,946	5,670
Foreign currency fluctuations	48	(118)
Claims paid	(5,766)	(5,209)
Ending balance	$ 10,321	$ 10,029

Derivatives (Details 1)

Derivatives (Details 1) - USD ($) $ in Thousands		6 Months Ended
		Jun. 30, 2016	Dec. 31, 2015
Derivatives designated as hedging instruments
Derivatives, Fair Value [Line Items]
Derivative, Term of Contract		1 year
Cash Flow Hedge Loss to be Reclassified within Twelve Months		$ 260
Derivatives designated as hedging instruments | Foreign currency option contracts
Derivatives, Fair Value [Line Items]
Notional Amount		8,770	$ 11,271
Fair Value Asset Derivatives	[1],[2]	103	387
Fair Value Liability Derivatives	[1],[2]	0	0
Derivatives designated as hedging instruments | Foreign currency forward contracts
Derivatives, Fair Value [Line Items]
Notional Amount		2,368	2,486
Fair Value Asset Derivatives	[1]	0	113
Fair Value Liability Derivatives	[1]	15	0
Derivatives not designated as hedging instruments | Foreign currency forward contracts
Derivatives, Fair Value [Line Items]
Notional Amount		40,994	45,851
Fair Value Asset Derivatives	[1]	14	171
Fair Value Liability Derivatives	[1]	$ 689	$ 7
[1]	Contracts that mature within the next 12 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 12 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		6 Months Ended
		Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Foreign currency option contracts | Derivatives not designated as hedging instruments
Derivative Instruments, Gain (Loss) [Line Items]
Net (loss) gain recognized in earnings	[1]	$ 0	$ 0	$ 0	$ 0
Foreign currency option contracts | Cash Flow Hedge
Derivative Instruments, Gain (Loss) [Line Items]
Net loss recognized in Other Comprehensive Income (Loss), net of tax	[2]	(44)	0	(230)	0
Net gain reclassified from Accumulated Other Comprehensive Loss into earnings, net of tax	[3]	0	0	0	0
Net loss recognized in earnings	[4]	0	0	(6)	0
Foreign currency forward contracts | Derivatives not designated as hedging instruments
Derivative Instruments, Gain (Loss) [Line Items]
Net (loss) gain recognized in earnings	[1]	(371)	(1,378)	(2,062)	1,753
Foreign currency forward contracts | Cash Flow Hedge
Derivative Instruments, Gain (Loss) [Line Items]
Net loss recognized in Other Comprehensive Income (Loss), net of tax	[2]	(29)	0	(65)	0
Net gain reclassified from Accumulated Other Comprehensive Loss into earnings, net of tax	[3]	(84)	0	(26)	0
Net loss recognized in earnings	[4]	$ 0	$ 0	$ 0	$ 0
[1]	Classified in Net Foreign Currency Transaction Gains (Losses).
[2]	Net change in the fair value of the effective portion classified in Other Comprehensive Income (Loss).
[3]	Effective portion classified as Net Sales.
[4]	Ineffective portion and amount excluded from effectiveness testing classified in Net Foreign Currency Transaction Gains (Losses).

Fair Value Measurements (Detail

Fair Value Measurements (Details) $ in Thousands	Jun. 30, 2016USD ($)
Level 1
Assets:
Total Assets	$ 0
Liabilities:
Total Liabilities	0
Level 1 | Foreign currency forward exchange 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	117
Liabilities:
Total Liabilities	704
Level 2 | Foreign currency forward exchange contracts
Assets:
Foreign currency contract, asset fair value	14
Liabilities:
Foreign currency contract, liability fair value	704
Level 2 | Foreign currency option contracts
Assets:
Foreign currency contract, asset fair value	103
Level 3
Assets:
Total Assets	0
Liabilities:
Total Liabilities	0
Level 3 | Foreign currency forward exchange 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
Fair Value
Assets:
Total Assets	117
Liabilities:
Total Liabilities	704
Fair Value | Foreign currency forward exchange contracts
Assets:
Foreign currency contract, asset fair value	14
Liabilities:
Foreign currency contract, liability fair value	704
Fair Value | Foreign currency option contracts
Assets:
Foreign currency contract, asset fair value	$ 103

Retirement Benefit Plans (Detai

Retirement Benefit Plans (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Pension Plans
Defined Benefit Plans and Other Postretirement Benefit Plans
Plan contributions	$ 104		$ 209
U.S. Plans
Defined Benefit Plans and Other Postretirement Benefit Plans
Service cost	97	$ 134	177	$ 240
Interest cost	415	423	830	855
Expected return on plan assets	(603)	(655)	(1,200)	(1,307)
Amortization of net actuarial loss	8	192	17	418
Amortization of prior service cost	10	10	21	21
Foreign currency	0	0	0	0
Net periodic (benefit) cost	(73)	104	(155)	227
Non-U.S. Plans
Defined Benefit Plans and Other Postretirement Benefit Plans
Service cost	36	36	72	72
Interest cost	103	125	208	248
Expected return on plan assets	(97)	(146)	(194)	(290)
Amortization of net actuarial loss	0	0	0	0
Amortization of prior service cost	32	65	64	130
Foreign currency	(16)	118	24	35
Net periodic (benefit) cost	58	198	174	195
Postretirement Medical Benefits
Defined Benefit Plans and Other Postretirement Benefit Plans
Plan contributions	185		464
Service cost	24	17	48	48
Interest cost	100	87	199	196
Expected return on plan assets	0	0	0	0
Amortization of net actuarial loss	0	(35)	0	0
Amortization of prior service cost	0	0	0	0
Foreign currency	0	0	0	0
Net periodic (benefit) cost	$ 124	$ 69	$ 247	$ 244

Commitments and Contingencies47

Commitments and Contingencies (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2016USD ($)
Long-term Purchase Commitment [Line Items]
Aggregate residual value at lease expiration for vehicle leases	$ 13,643
Guaranteed aggregate residual value at lease expiration for vehicle leases	11,013
Liability for the estimated end of term loss related to residual value guarantee	295
Green Machine supply commitment
Long-term Purchase Commitment [Line Items]
Purchase obligation, due in next twelve months	12,000
Long-term purchase commitment, amount	$ 24,000
Long-term purchase commitment, period	2 years
Software development arrangement
Long-term Purchase Commitment [Line Items]
Purchase obligation, due in next twelve months	$ 3,000
Long-term purchase commitment, amount	$ 8,000
Long-term purchase commitment, period	4 years

Accumulated Other Comprehensi48

Accumulated Other Comprehensive Loss (Details 1) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Equity [Abstract]
Foreign currency translation adjustments	$ (40,581)	$ (44,585)
Pension and retiree medical benefits	(3,623)	(3,647)
Cash flow hedge	(166)	103
Total Accumulated Other Comprehensive Loss	$ (44,370)	$ (48,129)

Accumulated Other Comprehensi49

Accumulated Other Comprehensive Loss (Details 2) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Components of Other Comprehensive Loss
Balance at the beginning of the year			$ (48,129)
Other comprehensive income (loss) before reclassifications			3,709
Amounts reclassified from Accumulated Other Comprehensive Loss			50
Total Other Comprehensive Income (Loss), net of tax	$ 425	$ 2,049	3,759	$ (5,922)
Balance at the end of the period	(44,370)		(44,370)
Foreign Currency Translation Adjustments
Components of Other Comprehensive Loss
Balance at the beginning of the year			(44,585)
Other comprehensive income (loss) before reclassifications			4,004
Amounts reclassified from Accumulated Other Comprehensive Loss			0
Total Other Comprehensive Income (Loss), net of tax			4,004
Balance at the end of the period	(40,581)		(40,581)
Pension and Post Retirement Benefits
Components of Other Comprehensive Loss
Balance at the beginning of the year			(3,647)
Other comprehensive income (loss) before reclassifications			0
Amounts reclassified from Accumulated Other Comprehensive Loss			24
Total Other Comprehensive Income (Loss), net of tax			24
Balance at the end of the period	(3,623)		(3,623)
Cash Flow Hedge
Components of Other Comprehensive Loss
Balance at the beginning of the year			103
Other comprehensive income (loss) before reclassifications			(295)
Amounts reclassified from Accumulated Other Comprehensive Loss			26
Total Other Comprehensive Income (Loss), net of tax			(269)
Balance at the end of the period	$ (166)		$ (166)

Income Taxes (Details)

Income Taxes (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2016USD ($)
Income Tax Disclosure [Abstract]
Liability for unrecognized tax benefits	$ 2,752
Unrecognized tax benefits, income tax penalties and interest accrued	561
Unrecognized tax benefits that would impact the effective tax rate	$ 2,368
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		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Share-based Compensation Arrangement by Share-based Payment Award
Allocated Share-based Compensation Expense	$ 1,789	$ 2,182	$ 4,426	$ 4,889
Excess Tax Benefit on Stock Plans			$ 246	669
Restricted shares
Share-based Compensation Arrangement by Share-based Payment Award
Shares granted			27,921
Weighted average grant date fair value, in dollars per share			$ 53.02
Vesting period of new awards granted			3 years
Fair value of shares vested			$ 1,724	$ 833

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Numerator:
Net Earnings	$ 15,328	$ 14,817	$ 19,767	$ 19,843
Denominator:
Basic - Weighted Average Shares Outstanding	17,508,022	18,197,431	17,526,107	18,240,027
Effect of dilutive securities:
Share-based compensation plans	425,221	474,609	428,060	484,832
Diluted - Weighted Average Shares Outstanding	17,933,243	18,672,040	17,954,167	18,724,859
Basic Earnings per Share	$ 0.88	$ 0.81	$ 1.13	$ 1.09
Diluted Earnings per Share	$ 0.85	$ 0.79	$ 1.10	$ 1.06
Anti-dilutive securities excluded from earnings per share calculation	408,979	237,405	405,123	215,767

Segment Reporting (Details)

Segment Reporting (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2016USD ($)	Jun. 30, 2015USD ($)
Segment Reporting [Abstract]
Number of operating segments			4
Number of reportable segments			1
Revenues from External Customers
Net Sales	$ 216,828	$ 215,404	$ 396,692	$ 401,144
Americas
Revenues from External Customers
Net Sales	163,857	161,429	297,410	295,432
Europe, Middle East and Africa
Revenues from External Customers
Net Sales	34,391	33,741	65,124	68,388
Asia Pacific
Revenues from External Customers
Net Sales	$ 18,580	$ 20,234	$ 34,158	$ 37,324

Subsequent Event (Details)

Subsequent Event (Details) - Subsequent Event $ in Thousands	1 Months Ended
	Jul. 28, 2016USD ($)
Subsequent Event [Line Items]
Subsequent Event, Date	Jul. 28, 2016
Purchase Price	$ 12,070