Separate Financial Information of Guarantor Subsidiaries | 19. Separate Financial Information of Guarantor Subsidiaries The following condensed consolidated guarantor financial information is presented to comply with the requirements of Rule 3-10 of Regulation S-X. In 2017, we issued and sold $300,000 in aggregate principal amount of our 5.625% Senior Notes due 2025 (the "Notes), pursuant to an Indenture, dated as of April 18, 2017, among the company, the Guarantors (as defined below), and Wells Fargo Bank, National Association, a national banking association, as trustee. The Notes are unconditionally and jointly and severally guaranteed by Tennant Coatings, Inc. and Tennant Sales and Service Company (collectively, the "Guarantors"), which are wholly owned subsidiaries of the company. The Notes and the guarantees constitute senior unsecured obligations of the company and the Guarantors, respectively. The Notes and the guarantees, respectively, are: (a) equal in right of payment with all of the company’s and the Guarantors’ senior debt, without giving effect to collateral arrangements; (b) senior in right of payment to all of the company’s and the Guarantors’ future subordinated debt, if any; (c) effectively subordinated in right of payment to all of the company’s and the Guarantors’ debt and obligations that are secured, including borrowings under the company’s senior secured credit facilities for so long as the senior secured credit facilities are secured, to the extent of the value of the assets securing such liens; and (d) structurally subordinated in right of payment to all liabilities (including trade payables) of the company’s and the Guarantors’ subsidiaries that do not guarantee the Notes. The following condensed consolidated financial information presents the Condensed Consolidated Statements of Operations and the Condensed Consolidated Statements of Comprehensive (Loss) Income for each of the three and six months ended June 30, 2018 and June 30, 2017 , the related Condensed Consolidated Balance Sheets as of June 30, 2018 and December 31, 2017 , and the related Condensed Consolidated Statements of Cash Flows for the six months ended June 30, 2018 and June 30, 2017 , of Tennant Company ("Parent"), the Guarantor Subsidiaries on a combined basis, the Non-Guarantor Subsidiaries on a combined basis and elimination entries necessary to consolidate the Parent with the Guarantor and Non-Guarantor Subsidiaries. The following condensed consolidated financial statements should be read in conjunction with the consolidated financial statements of the company and notes thereto of which this note is an integral part. Condensed Consolidated Statement of Operations For the three months ended June 30, 2018 (in thousands) Parent Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Total Tennant Company Net Sales $ 126,293 $ 163,865 $ 151,074 $ (149,035 ) $ 292,197 Cost of Sales 85,053 137,144 100,255 (149,054 ) 173,398 Gross Profit 41,240 26,721 50,819 19 118,799 Operating Expense: Research and Development Expense 6,422 342 1,142 — 7,906 Selling and Administrative Expense 28,625 19,343 43,896 — 91,864 Total Operating Expense 35,047 19,685 45,038 — 99,770 Profit from Operations 6,193 7,036 5,781 19 19,029 Other Income (Expense): Equity in Earnings of Affiliates 10,026 588 1,382 (11,996 ) — Interest (Expense) Income, Net (5,388 ) — 345 (10 ) (5,053 ) Intercompany Interest Income (Expense) 3,643 (1,436 ) (2,207 ) — — Net Foreign Currency Transaction (Losses) Gains (639 ) (5 ) 307 — (337 ) Other (Expense) Income, Net (706 ) (546 ) 778 (36 ) (510 ) Total Other Income (Expense), Net 6,936 (1,399 ) 605 (12,042 ) (5,900 ) Profit Before Income Taxes 13,129 5,637 6,386 (12,023 ) 13,129 Income Tax Expense (Benefit) 363 1,391 (19 ) (1,372 ) 363 Net Earnings Including Noncontrolling Interest 12,766 4,246 6,405 (10,651 ) 12,766 Net Earnings Attributable to Noncontrolling Interest 22 — 22 (22 ) 22 Net Earnings Attributable to Tennant Company $ 12,744 $ 4,246 $ 6,383 $ (10,629 ) $ 12,744 Condensed Consolidated Statement of Operations For the six months ended June 30, 2018 (in thousands) Parent Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Total Tennant Company Net Sales $ 239,983 $ 312,298 $ 291,469 $ (278,706 ) $ 565,044 Cost of Sales 162,284 260,269 190,500 (277,445 ) 335,608 Gross Profit 77,699 52,029 100,969 (1,261 ) 229,436 Operating Expense: Research and Development Expense 12,529 546 2,827 — 15,902 Selling and Administrative Expense 57,713 39,060 87,360 — 184,133 Total Operating Expense 70,242 39,606 90,187 — 200,035 Profit from Operations 7,457 12,423 10,782 (1,261 ) 29,401 Other Income (Expense): Equity in Earnings of Affiliates 14,401 1,094 4,029 (19,524 ) — Interest (Expense) Income, Net (10,496 ) — 466 (19 ) (10,049 ) Intercompany Interest Income (Expense) 7,368 (2,858 ) (4,510 ) — — Net Foreign Currency Transaction (Losses) Gains (285 ) (6 ) (795 ) — (1,086 ) Other (Expense) Income, Net (939 ) (1,137 ) 1,376 (60 ) (760 ) Total Other Income (Expense), Net 10,049 (2,907 ) 566 (19,603 ) (11,895 ) Profit Before Income Taxes 17,506 9,516 11,348 (20,864 ) 17,506 Income Tax Expense 1,440 2,290 1,570 (3,860 ) 1,440 Net Earnings Including Noncontrolling Interest 16,066 7,226 9,778 (17,004 ) 16,066 Net Earnings Attributable to Noncontrolling Interest 48 — 48 (48 ) 48 Net Earnings Attributable to Tennant Company $ 16,018 $ 7,226 $ 9,730 $ (16,956 ) $ 16,018 Condensed Consolidated Statement of Operations For the three months ended June 30, 2017 (in thousands) Parent Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Total Tennant Company Net Sales $ 120,153 $ 156,515 $ 131,201 $ (137,078 ) $ 270,791 Cost of Sales 82,182 129,779 91,844 (137,568 ) 166,237 Gross Profit 37,971 26,736 39,357 490 104,554 Operating Expense: Research and Development Expense 6,579 73 1,234 — 7,886 Selling and Administrative Expense 30,135 19,734 37,457 — 87,326 Total Operating Expense 36,714 19,807 38,691 — 95,212 Profit from Operations 1,257 6,929 666 490 9,342 Other Income (Expense): Equity in Earnings of Affiliates 3,145 796 — (3,941 ) — Interest (Expense) Income, Net (10,827 ) — (201 ) (12 ) (11,040 ) Intercompany Interest Income (Expense) 3,499 (1,441 ) (2,058 ) — — Net Foreign Currency Transaction Gains (Losses) 1,033 (4 ) (1,365 ) — (336 ) Other (Expense) Income, Net (525 ) (150 ) 326 (35 ) (384 ) Total Other Expense, Net (3,675 ) (799 ) (3,298 ) (3,988 ) (11,760 ) (Loss) Profit Before Income Taxes (2,418 ) 6,130 (2,632 ) (3,498 ) (2,418 ) Income Tax Expense 238 1,898 3,622 (5,520 ) 238 Net (Loss) Earnings Including Noncontrolling Interest (2,656 ) 4,232 (6,254 ) 2,022 (2,656 ) Net Loss Attributable to Noncontrolling Interest (65 ) — (65 ) 65 (65 ) Net (Loss) Earnings Attributable to Tennant Company $ (2,591 ) $ 4,232 $ (6,189 ) $ 1,957 $ (2,591 ) Condensed Consolidated Statement of Operations For the six months ended June 30, 2017 (in thousands) Parent Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Total Tennant Company Net Sales $ 225,858 $ 295,595 $ 200,035 $ (259,638 ) $ 461,850 Cost of Sales 153,779 242,511 140,426 (259,156 ) 277,560 Gross Profit 72,079 53,084 59,609 (482 ) 184,290 Operating Expense: Research and Development Expense 14,525 160 1,647 — 16,332 Selling and Administrative Expense 62,199 39,806 59,277 — 161,282 Total Operating Expense 76,724 39,966 60,924 — 177,614 (Loss) Profit from Operations (4,645 ) 13,118 (1,315 ) (482 ) 6,676 Other Income (Expense): Equity in Earnings of Affiliates 4,795 1,125 — (5,920 ) — Interest Expense, Net (11,591 ) — (147 ) (12 ) (11,750 ) Intercompany Interest Income (Expense) 4,968 (2,869 ) (2,099 ) — — Net Foreign Currency Transaction Gains (Losses) 196 (2 ) (1,727 ) — (1,533 ) Other (Expense) Income, Net (682 ) (225 ) 590 (35 ) (352 ) Total Other Expense, Net (2,314 ) (1,971 ) (3,383 ) (5,967 ) (13,635 ) (Loss) Profit Before Income Taxes (6,959 ) 11,147 (4,698 ) (6,449 ) (6,959 ) Income Tax (Benefit) Expense (346 ) 3,469 2,598 (6,067 ) (346 ) Net (Loss) Earnings Including Noncontrolling Interest (6,613 ) 7,678 (7,296 ) (382 ) (6,613 ) Net Loss Attributable to Noncontrolling Interest (65 ) — (65 ) 65 (65 ) Net (Loss) Earnings Attributable to Tennant Company $ (6,548 ) $ 7,678 $ (7,231 ) $ (447 ) $ (6,548 ) Condensed Consolidated Statement of Comprehensive (Loss) Income For the three months ended June 30, 2018 (in thousands) Parent Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Total Tennant Company Net Earnings Including Noncontrolling Interest $ 12,766 $ 4,246 $ 6,405 $ (10,651 ) $ 12,766 Other Comprehensive Loss: Foreign currency translation adjustments (19,473 ) (326 ) (24,292 ) 24,618 (19,473 ) Pension and retiree medical benefits 11 — — — 11 Cash flow hedge 1,376 — — — 1,376 Income Taxes: Foreign currency translation adjustments 261 — 260 (260 ) 261 Pension and retiree medical benefits (3 ) — — — (3 ) Cash flow hedge (319 ) — — — (319 ) Total Other Comprehensive Loss, net of tax (18,147 ) (326 ) (24,032 ) 24,358 (18,147 ) Total Comprehensive (Loss) Income Including Noncontrolling Interest (5,381 ) 3,920 (17,627 ) 13,707 (5,381 ) Comprehensive Income Attributable to Noncontrolling Interest 22 — 22 (22 ) 22 Comprehensive (Loss) Income Attributable to Tennant Company $ (5,403 ) $ 3,920 $ (17,649 ) $ 13,729 $ (5,403 ) Condensed Consolidated Statement of Comprehensive (Loss) Income For the six months ended June 30, 2018 (in thousands) Parent Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Total Tennant Company Net Earnings Including Noncontrolling Interest $ 16,066 $ 7,226 $ 9,778 $ (17,004 ) $ 16,066 Other Comprehensive Loss: Foreign currency translation adjustments (11,092 ) (490 ) (16,439 ) 16,929 (11,092 ) Pension and retiree medical benefits 93 — 19 (19 ) 93 Cash flow hedge (1,339 ) — — — (1,339 ) Income Taxes: Foreign currency translation adjustments 244 — 244 (244 ) 244 Pension and retiree medical benefits (154 ) — — — (154 ) Cash flow hedge (820 ) — — — (820 ) Total Other Comprehensive Loss, net of tax (13,068 ) (490 ) (16,176 ) 16,666 (13,068 ) Total Comprehensive Income (Loss) Including Noncontrolling Interest 2,998 6,736 (6,398 ) (338 ) 2,998 Comprehensive Income Attributable to Noncontrolling Interest 48 — 48 (48 ) 48 Comprehensive Income (Loss) Attributable to Tennant Company $ 2,950 $ 6,736 $ (6,446 ) $ (290 ) $ 2,950 Condensed Consolidated Statement of Comprehensive (Loss) Income For the three months ended June 30, 2017 (in thousands) Parent Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Total Tennant Company Net (Loss) Earnings Including Noncontrolling Interest $ (2,656 ) $ 4,232 $ (6,254 ) $ 2,022 $ (2,656 ) Other Comprehensive Income (Loss): Foreign currency translation adjustments 13,640 303 11,276 (11,579 ) 13,640 Pension and retiree medical benefits 152 — 141 (141 ) 152 Cash flow hedge (4,506 ) — — — (4,506 ) Income Taxes: Foreign currency translation adjustments — — — — — Pension and retiree medical benefits (4 ) — — — (4 ) Cash flow hedge 1,681 — — — 1,681 Total Other Comprehensive Income, net of tax 10,963 303 11,417 (11,720 ) 10,963 Total Comprehensive Income Including Noncontrolling Interest 8,307 4,535 5,163 (9,698 ) 8,307 Comprehensive (Loss) Income Attributable to Noncontrolling Interest (65 ) — 65 (65 ) (65 ) Comprehensive Income Attributable to Tennant Company $ 8,372 $ 4,535 $ 5,098 $ (9,633 ) $ 8,372 Condensed Consolidated Statement of Comprehensive (Loss) Income For the six months ended June 30, 2017 (in thousands) Parent Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Total Tennant Company Net (Loss) Earnings Including Noncontrolling Interest $ (6,613 ) $ 7,678 $ (7,296 ) $ (382 ) $ (6,613 ) Other Comprehensive Income (Loss): Foreign currency translation adjustments 16,040 404 (9,421 ) 9,017 16,040 Pension and retiree medical benefits 162 — 141 (141 ) 162 Cash flow hedge (4,579 ) — — — (4,579 ) Income Taxes: Foreign currency translation adjustments — — — — — Pension and retiree medical benefits (22 ) — (14 ) 14 (22 ) Cash flow hedge 1,708 — — — 1,708 Total Other Comprehensive Income (Loss), net of tax 13,309 404 (9,294 ) 8,890 13,309 Total Comprehensive Income (Loss) Including Noncontrolling Interest 6,696 8,082 (16,590 ) 8,508 6,696 Comprehensive (Loss) Income Attributable to Noncontrolling Interest (65 ) — 65 (65 ) (65 ) Comprehensive Income (Loss) Attributable to Tennant Company $ 6,761 $ 8,082 $ (16,655 ) $ 8,573 $ 6,761 Condensed Consolidated Balance Sheet As of June 30, 2018 (in thousands) Parent Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Total Tennant Company ASSETS Current Assets: Cash and Cash Equivalents $ 18,998 $ 1,858 $ 33,045 $ — $ 53,901 Restricted Cash — — 543 — 543 Net Receivables 763 92,295 122,265 — 215,323 Intercompany Receivables 38,717 134,113 — (172,830 ) — Inventories 37,145 16,372 96,099 (10,210 ) 139,406 Prepaid Expenses 16,567 677 10,138 — 27,382 Other Current Assets 4,790 333 3,584 — 8,707 Total Current Assets 116,980 245,648 265,674 (183,040 ) 445,262 Property, Plant and Equipment 226,599 12,581 142,427 — 381,607 Accumulated Depreciation (153,143 ) (6,280 ) (53,202 ) — (212,625 ) Property, Plant and Equipment, Net 73,456 6,301 89,225 — 168,982 Deferred Income Taxes 1,970 3,236 8,515 — 13,721 Investment in Affiliates 398,205 11,674 18,732 (428,611 ) — Intercompany Loans 304,630 — 3,490 (308,120 ) — Goodwill 12,869 1,739 171,107 — 185,715 Intangible Assets, Net 2,842 2,791 152,041 — 157,674 Other Assets 4,872 — 9,858 — 14,730 Total Assets $ 915,824 $ 271,389 $ 718,642 $ (919,771 ) $ 986,084 LIABILITIES AND TOTAL EQUITY Current Liabilities: Current Portion of Long-Term Debt $ 29,611 $ — $ 1,358 $ — $ 30,969 Accounts Payable 43,558 4,248 55,796 — 103,602 Intercompany Payables 134,113 2,311 36,406 (172,830 ) — Employee Compensation and Benefits 12,399 11,553 17,337 — 41,289 Income Taxes Payable 347 — 2,462 — 2,809 Other Current Liabilities 22,317 13,174 31,262 — 66,753 Total Current Liabilities 242,345 31,286 144,621 (172,830 ) 245,422 Long-Term Liabilities: Long-Term Debt 326,948 — 1,751 — 328,699 Intercompany Loans 3,490 128,000 176,630 (308,120 ) — Employee-Related Benefits 12,197 1,972 8,414 — 22,583 Deferred Income Taxes — — 50,444 — 50,444 Other Liabilities 28,647 2,715 5,377 — 36,739 Total Long-Term Liabilities 371,282 132,687 242,616 (308,120 ) 438,465 Total Liabilities 613,627 163,973 387,237 (480,950 ) 683,887 Equity: Common Stock 6,778 — 11,131 (11,131 ) 6,778 Additional Paid-In Capital 22,273 77,551 384,460 (462,011 ) 22,273 Retained Earnings 306,667 31,024 (11,489 ) (19,535 ) 306,667 Accumulated Other Comprehensive Loss (35,391 ) (1,159 ) (54,567 ) 55,726 (35,391 ) Total Tennant Company Shareholders' Equity 300,327 107,416 329,535 (436,951 ) 300,327 Noncontrolling Interest 1,870 — 1,870 (1,870 ) 1,870 Total Equity 302,197 107,416 331,405 (438,821 ) 302,197 Total Liabilities and Total Equity $ 915,824 $ 271,389 $ 718,642 $ (919,771 ) $ 986,084 Condensed Consolidated Balance Sheet As of December 31, 2017 (in thousands) Parent Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Total Tennant Company ASSETS Current Assets: Cash and Cash Equivalents $ 18,469 $ 507 $ 39,422 $ — $ 58,398 Restricted Cash — — 653 — 653 Net Receivables 683 88,629 120,204 — 209,516 Intercompany Receivables 53,444 133,778 — (187,222 ) — Inventories 29,450 12,695 94,542 (8,993 ) 127,694 Prepaid Expenses 8,774 1,172 9,405 — 19,351 Other Current Assets 4,030 — 3,473 — 7,503 Total Current Assets 114,850 236,781 267,699 (196,215 ) 423,115 Property, Plant and Equipment 225,064 12,155 145,549 — 382,768 Accumulated Depreciation (146,320 ) (6,333 ) (50,097 ) — (202,750 ) Property, Plant and Equipment, Net 78,744 5,822 95,452 — 180,018 Deferred Income Taxes 1,308 2,669 7,157 — 11,134 Investment in Affiliates 392,486 11,273 20,811 (424,570 ) — Intercompany Loans 304,822 — 4,983 (309,805 ) — Goodwill 12,869 1,739 171,436 — 186,044 Intangible Assets, Net 2,105 2,898 167,344 — 172,347 Other Assets 10,363 — 10,956 — 21,319 Total Assets $ 917,547 $ 261,182 $ 745,838 $ (930,590 ) $ 993,977 LIABILITIES AND TOTAL EQUITY Current Liabilities: Current Portion of Long-Term Debt $ 29,413 $ — $ 1,470 $ — $ 30,883 Accounts Payable 39,927 3,018 53,137 — 96,082 Intercompany Payables 133,778 1,963 51,481 (187,222 ) — Employee Compensation and Benefits 8,311 10,355 18,591 — 37,257 Income Taxes Payable 366 — 2,472 — 2,838 Other Current Liabilities 20,183 15,760 33,504 — 69,447 Total Current Liabilities 231,978 31,096 160,655 (187,222 ) 236,507 Long-Term Liabilities: Long-Term Debt 344,147 — 1,809 — 345,956 Intercompany Loans — 128,000 181,805 (309,805 ) — Employee-Related Benefits 11,160 3,992 8,715 — 23,867 Deferred Income Taxes — — 53,225 — 53,225 Other Liabilities 31,788 2,483 1,677 — 35,948 Total Long-Term Liabilities 387,095 134,475 247,231 (309,805 ) 458,996 Total Liabilities 619,073 165,571 407,886 (497,027 ) 695,503 Equity: Common Stock 6,705 — 11,131 (11,131 ) 6,705 Additional Paid-In Capital 15,089 72,483 384,460 (456,943 ) 15,089 Retained Earnings 297,032 23,797 (21,219 ) (2,578 ) 297,032 Accumulated Other Comprehensive Loss (22,323 ) (669 ) (38,391 ) 39,060 (22,323 ) Total Tennant Company Shareholders' Equity 296,503 95,611 335,981 (431,592 ) 296,503 Noncontrolling Interest 1,971 — 1,971 (1,971 ) 1,971 Total Equity 298,474 95,611 337,952 (433,563 ) 298,474 Total Liabilities and Total Equity $ 917,547 $ 261,182 $ 745,838 $ (930,590 ) $ 993,977 Condensed Consolidated Statement of Cash Flows For the six months ended June 30, 2018 (in thousands) Parent Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Total Tennant Company OPERATING ACTIVITIES Net Cash Provided by (Used in) Operating Activities $ 26,960 $ 1,409 $ (2,405 ) $ — $ 25,964 INVESTING ACTIVITIES Purchases of Property, Plant and Equipment (2,288 ) (58 ) (5,380 ) — (7,726 ) Proceeds from Disposals of Property, Plant and Equipment 17 — 85 — 102 Proceeds from Principal Payments Received on Long-Term Note Receivable — — 706 — 706 Purchase of Intangible Assets (1,000 ) — (195 ) — (1,195 ) Loan Payments from Parent — — 1,493 (1,493 ) — Net Cash Used in Investing Activities (3,271 ) (58 ) (3,291 ) (1,493 ) (8,113 ) FINANCING ACTIVITIES Loan Payments to Subsidiaries (1,493 ) — — 1,493 — Payments of Long-Term Debt (18,000 ) — (133 ) — (18,133 ) Change in Capital Lease Obligations — — 59 — 59 Proceeds from Issuances of Common Stock 3,724 — — — 3,724 Dividends Paid (7,553 ) — — — (7,553 ) Net Cash (Used in) Provided by Financing Activities (23,322 ) — (74 ) 1,493 (21,903 ) Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash 162 — (717 ) — (555 ) Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash 529 1,351 (6,487 ) — (4,607 ) Cash, Cash Equivalents and Restricted Cash at Beginning of Period 18,469 507 40,075 — 59,051 Cash, Cash Equivalents and Restricted Cash at End of Period $ 18,998 $ 1,858 $ 33,588 $ — $ 54,444 Condensed Consolidated Statement of Cash Flows For the six months ended June 30, 2017 (in thousands) Parent Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Total Tennant Company OPERATING ACTIVITIES Net Cash (Used in) Provided by Operating Activities $ (29,401 ) $ 188 $ 26,718 $ — $ (2,495 ) INVESTING ACTIVITIES Purchases of Property, Plant and Equipment (4,639 ) — (4,506 ) — (9,145 ) Proceeds from Disposals of Property, Plant and Equipment 14 — 2,414 — 2,428 Issuance of Long-Term Note Receivable — — (1,500 ) — (1,500 ) Acquisition of Businesses, Net of Cash Acquired (304 ) — (353,231 ) — (353,535 ) Purchase of Intangible Asset (2,500 ) — — — (2,500 ) Change in Investments in Subsidiaries (193,639 ) — — 193,639 — Loan Payments to Subsidiaries and Parent (159,780 ) — (1,771 ) 161,551 — Net Cash Used in Investing Activities (360,848 ) — (358,594 ) 355,190 (364,252 ) FINANCING ACTIVITIES Proceeds from Short-Term Debt 300,000 — — — 300,000 Repayments of Short-Term Debt (300,000 ) — — — (300,000 ) Loan Borrowings from Subsidiaries and Parent 1,771 — 159,780 (161,551 ) — Change in Subsidiary Equity — — 193,639 (193,639 ) — Proceeds from Issuance of Long-Term Debt 440,000 — — — 440,000 Payments of Long-Term Debt (58,393 ) — (78 ) — (58,471 ) Payments of Debt Issuance Costs (16,039 ) — — — (16,039 ) Proceeds from Issuance of Common Stock 3,843 — — — 3,843 Dividends Paid (7,463 ) — — — (7,463 ) Net Cash Provided by Financing Activities 363,719 — 353,341 (355,190 ) 361,870 Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash (176 ) — 1,051 — 875 Net (Decrease) Increase in Cash, Cash Equivalents and Restricted Cash (26,706 ) 188 22,516 — (4,002 ) Cash, Cash Equivalents and Restricted Cash at Beginning of Period 38,484 226 19,840 — 58,550 Cash, Cash Equivalents and Restricted Cash at End of Period $ 11,778 $ 414 $ 42,356 $ — $ 54,548 |