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 Income for each of the three and nine months ended September 30, 2018 and September 30, 2017 , the related Condensed Consolidated Balance Sheets as of September 30, 2018 and December 31, 2017 , and the related Condensed Consolidated Statements of Cash Flows for the nine months ended September 30, 2018 and September 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 September 30, 2018 (in thousands) Parent Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Total Tennant Company Net Sales $ 126,110 $ 160,226 $ 131,418 $ (144,499 ) $ 273,255 Cost of Sales 86,781 135,058 87,707 (144,376 ) 165,170 Gross Profit 39,329 25,168 43,711 (123 ) 108,085 Operating Expense: Research and Development Expense 6,096 279 1,131 — 7,506 Selling and Administrative Expense 26,765 18,091 39,473 811 85,140 Total Operating Expense 32,861 18,370 40,604 811 92,646 Profit from Operations 6,468 6,798 3,107 (934 ) 15,439 Other Income (Expense): Equity in Earnings of Affiliates 5,256 262 205 (5,723 ) — Interest (Expense) Income, Net (5,230 ) — 92 (9 ) (5,147 ) Intercompany Interest Income (Expense) 3,621 (1,450 ) (2,171 ) — — Net Foreign Currency Transaction (Losses) Gains (69 ) 4 (230 ) — (295 ) Other Expense, Net (179 ) (473 ) (263 ) 785 (130 ) Total Other Income (Expense), Net 3,399 (1,657 ) (2,367 ) (4,947 ) (5,572 ) Profit Before Income Taxes 9,867 5,141 740 (5,881 ) 9,867 Income Tax Expense (Benefit) 158 1,230 (865 ) (365 ) 158 Net Earnings Including Noncontrolling Interest 9,709 3,911 1,605 (5,516 ) 9,709 Net Earnings Attributable to Noncontrolling Interest 33 — 33 (33 ) 33 Net Earnings Attributable to Tennant Company $ 9,676 $ 3,911 $ 1,572 $ (5,483 ) $ 9,676 Condensed Consolidated Statement of Operations For the nine months ended September 30, 2018 (in thousands) Parent Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Total Tennant Company Net Sales $ 366,093 $ 472,524 $ 422,887 $ (423,205 ) $ 838,299 Cost of Sales 249,065 395,327 278,207 (421,821 ) 500,778 Gross Profit 117,028 77,197 144,680 (1,384 ) 337,521 Operating Expense: Research and Development Expense 18,625 825 3,958 — 23,408 Selling and Administrative Expense 84,478 57,151 126,833 811 269,273 Total Operating Expense 103,103 57,976 130,791 811 292,681 Profit from Operations 13,925 19,221 13,889 (2,195 ) 44,840 Other Income (Expense): Equity in Earnings of Affiliates 19,657 1,356 4,234 (25,247 ) — Interest (Expense) Income, Net (15,726 ) — 558 (28 ) (15,196 ) Intercompany Interest Income (Expense) 10,989 (4,308 ) (6,681 ) — — Net Foreign Currency Transaction Losses (354 ) (2 ) (1,025 ) — (1,381 ) Other (Expense) Income, Net (1,118 ) (1,610 ) 1,113 725 (890 ) Total Other Income (Expense), Net 13,448 (4,564 ) (1,801 ) (24,550 ) (17,467 ) Profit Before Income Taxes 27,373 14,657 12,088 (26,745 ) 27,373 Income Tax Expense 1,598 3,520 705 (4,225 ) 1,598 Net Earnings Including Noncontrolling Interest 25,775 11,137 11,383 (22,520 ) 25,775 Net Earnings Attributable to Noncontrolling Interest 81 — 81 (81 ) 81 Net Earnings Attributable to Tennant Company $ 25,694 $ 11,137 $ 11,302 $ (22,439 ) $ 25,694 Condensed Consolidated Statement of Operations For the three months ended September 30, 2017 (in thousands) Parent Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Total Tennant Company Net Sales $ 111,835 $ 146,495 $ 131,457 $ (127,866 ) $ 261,921 Cost of Sales 76,974 120,523 88,411 (128,591 ) 157,317 Gross Profit 34,861 25,972 43,046 725 104,604 Operating Expense: Research and Development Expense 6,312 86 1,509 — 7,907 Selling and Administrative Expense 23,498 19,074 43,139 — 85,711 Total Operating Expense 29,810 19,160 44,648 — 93,618 Profit (Loss) from Operations 5,051 6,812 (1,602 ) 725 10,986 Other Income (Expense): Equity in Earnings of Affiliates 2,039 376 — (2,415 ) — Interest Expense, Net (5,275 ) — (111 ) (9 ) (5,395 ) Intercompany Interest Income (Expense) 3,774 (1,455 ) (2,319 ) — — Net Foreign Currency Transaction Gains (Losses) 357 2 (1,201 ) — (842 ) Other (Expense) Income, Net (1,619 ) (204 ) 1,424 (23 ) (422 ) Total Other Expense, Net (724 ) (1,281 ) (2,207 ) (2,447 ) (6,659 ) Profit (Loss) Before Income Taxes 4,327 5,531 (3,809 ) (1,722 ) 4,327 Income Tax Expense 731 2,034 2,819 (4,853 ) 731 Net Earnings (Loss) Including Noncontrolling Interest 3,596 3,497 (6,628 ) 3,131 3,596 Net Earnings Attributable to Noncontrolling Interest 37 — 37 (37 ) 37 Net Earnings (Loss) Attributable to Tennant Company $ 3,559 $ 3,497 $ (6,665 ) $ 3,168 $ 3,559 Condensed Consolidated Statement of Operations For the nine months ended September 30, 2017 (in thousands) Parent Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Total Tennant Company Net Sales $ 337,034 $ 442,090 $ 331,491 $ (386,844 ) $ 723,771 Cost of Sales 230,753 363,034 228,838 (387,748 ) 434,877 Gross Profit 106,281 79,056 102,653 904 288,894 Operating Expense: Research and Development Expense 20,838 245 3,156 — 24,239 Selling and Administrative Expense 85,697 58,881 102,415 — 246,993 Total Operating Expense 106,535 59,126 105,571 — 271,232 (Loss) Profit from Operations (254 ) 19,930 (2,918 ) 904 17,662 Other Income (Expense): Equity in Earnings of Affiliates 7,493 1,500 — (8,993 ) — Interest Expense, Net (16,866 ) — (257 ) (22 ) (17,145 ) Intercompany Interest Income (Expense) 8,742 (4,323 ) (4,419 ) — — Net Foreign Currency Transaction Gains (Losses) 553 — (2,928 ) — (2,375 ) Other (Expense) Income, Net (2,300 ) (430 ) 2,014 (58 ) (774 ) Total Other Expense, Net (2,378 ) (3,253 ) (5,590 ) (9,073 ) (20,294 ) (Loss) Profit Before Income Taxes (2,632 ) 16,677 (8,508 ) (8,169 ) (2,632 ) Income Tax Expense 385 5,993 5,481 (11,474 ) 385 Net (Loss) Earnings Including Noncontrolling Interest (3,017 ) 10,684 (13,989 ) 3,305 (3,017 ) Net Loss Attributable to Noncontrolling Interest (28 ) — (28 ) 28 (28 ) Net (Loss) Earnings Attributable to Tennant Company $ (2,989 ) $ 10,684 $ (13,961 ) $ 3,277 $ (2,989 ) Condensed Consolidated Statement of Comprehensive Income For the three months ended September 30, 2018 (in thousands) Parent Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Total Tennant Company Net Earnings Including Noncontrolling Interest $ 9,709 $ 3,911 $ 1,605 $ (5,516 ) $ 9,709 Other Comprehensive Loss: Foreign currency translation adjustments (3,110 ) 228 (3,664 ) 3,436 (3,110 ) Pension and retiree medical benefits 12 — — — 12 Cash flow hedge (28 ) — — — (28 ) Income Taxes: Foreign currency translation adjustments 280 — 280 (280 ) 280 Pension and retiree medical benefits (2 ) — — — (2 ) Cash flow hedge 6 — — — 6 Total Other Comprehensive Loss, net of tax (2,842 ) 228 (3,384 ) 3,156 (2,842 ) Total Comprehensive Income (Loss) Including Noncontrolling Interest 6,867 4,139 (1,779 ) (2,360 ) 6,867 Comprehensive Income Attributable to Noncontrolling Interest 33 — 33 (33 ) 33 Comprehensive Income (Loss) Attributable to Tennant Company $ 6,834 $ 4,139 $ (1,812 ) $ (2,327 ) $ 6,834 Condensed Consolidated Statement of Comprehensive Income For the nine months ended September 30, 2018 (in thousands) Parent Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Total Tennant Company Net Earnings Including Noncontrolling Interest $ 25,775 $ 11,137 $ 11,383 $ (22,520 ) $ 25,775 Other Comprehensive Loss: Foreign currency translation adjustments (14,202 ) (262 ) (20,103 ) 20,365 (14,202 ) Pension and retiree medical benefits 105 — 19 (19 ) 105 Cash flow hedge (1,367 ) — — — (1,367 ) Income Taxes: Foreign currency translation adjustments 524 — 524 (524 ) 524 Pension and retiree medical benefits (156 ) — — — (156 ) Cash flow hedge (814 ) — — — (814 ) Total Other Comprehensive Loss, net of tax (15,910 ) (262 ) (19,560 ) 19,822 (15,910 ) Total Comprehensive Income (Loss) Including Noncontrolling Interest 9,865 10,875 (8,177 ) (2,698 ) 9,865 Comprehensive Income Attributable to Noncontrolling Interest 81 — 81 (81 ) 81 Comprehensive Income (Loss) Attributable to Tennant Company $ 9,784 $ 10,875 $ (8,258 ) $ (2,617 ) $ 9,784 Condensed Consolidated Statement of Comprehensive Income For the three months ended September 30, 2017 (in thousands) Parent Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Total Tennant Company Net Earnings (Loss) Including Noncontrolling Interest $ 3,596 $ 3,497 $ (6,628 ) $ 3,131 $ 3,596 Other Comprehensive Income (Loss): Foreign currency translation adjustments 9,033 289 9,221 (9,510 ) 9,033 Pension and retiree medical benefits 379 — 10 (10 ) 379 Cash flow hedge (1,732 ) — — — (1,732 ) Income Taxes: Foreign currency translation adjustments — — — — — Pension and retiree medical benefits (138 ) — — — (138 ) Cash flow hedge 646 — — — 646 Total Other Comprehensive Income, net of tax 8,188 289 9,231 (9,520 ) 8,188 Total Comprehensive Income Including Noncontrolling Interest 11,784 3,786 2,603 (6,389 ) 11,784 Comprehensive Income Attributable to Noncontrolling Interest 37 — 37 (37 ) 37 Comprehensive Income Attributable to Tennant Company $ 11,747 $ 3,786 $ 2,566 $ (6,352 ) $ 11,747 Condensed Consolidated Statement of Comprehensive Income For the nine months ended September 30, 2017 (in thousands) Parent Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Total Tennant Company Net (Loss) Earnings Including Noncontrolling Interest $ (3,017 ) $ 10,684 $ (13,989 ) $ 3,305 $ (3,017 ) Other Comprehensive Income (Loss): Foreign currency translation adjustments 25,073 693 1,330 (2,023 ) 25,073 Pension and retiree medical benefits 541 — 151 (151 ) 541 Cash flow hedge (6,311 ) — — — (6,311 ) Income Taxes: Foreign currency translation adjustments — — — — — Pension and retiree medical benefits (160 ) — (15 ) 15 (160 ) Cash flow hedge 2,354 — — — 2,354 Total Other Comprehensive Income, net of tax 21,497 693 1,466 (2,159 ) 21,497 Total Comprehensive Income (Loss) Including Noncontrolling Interest 18,480 11,377 (12,523 ) 1,146 18,480 Comprehensive (Loss) Income Attributable to Noncontrolling Interest (28 ) — (28 ) 28 (28 ) Comprehensive Income (Loss) Attributable to Tennant Company $ 18,508 $ 11,377 $ (12,495 ) $ 1,118 $ 18,508 Condensed Consolidated Balance Sheet As of September 30, 2018 (in thousands) Parent Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Total Tennant Company ASSETS Current Assets: Cash and Cash Equivalents $ 18,082 $ 668 $ 34,723 $ — $ 53,473 Restricted Cash — — 534 — 534 Net Receivables 494 93,464 114,161 — 208,119 Intercompany Receivables 31,488 142,708 — (174,196 ) — Inventories 35,858 15,118 99,220 (10,403 ) 139,793 Prepaid Expenses 17,673 705 9,978 — 28,356 Other Current Assets 4,691 340 3,834 — 8,865 Total Current Assets 108,286 253,003 262,450 (184,599 ) 439,140 Property, Plant and Equipment 228,237 12,533 140,673 — 381,443 Accumulated Depreciation (156,476 ) (6,459 ) (54,690 ) — (217,625 ) Property, Plant and Equipment, Net 71,761 6,074 85,983 — 163,818 Deferred Income Taxes 3,127 3,078 8,857 — 15,062 Investment in Affiliates 403,903 12,133 18,487 (434,523 ) — Intercompany Loans 303,670 — 3,997 (307,667 ) — Goodwill 12,870 1,726 170,023 — 184,619 Intangible Assets, Net 4,210 2,738 146,026 — 152,974 Other Assets 6,057 — 8,896 — 14,953 Total Assets $ 913,884 $ 278,752 $ 704,719 $ (926,789 ) $ 970,566 LIABILITIES AND TOTAL EQUITY Current Liabilities: Current Portion of Long-Term Debt $ 29,705 $ — $ 1,294 $ — $ 30,999 Accounts Payable 34,447 6,727 49,604 — 90,778 Intercompany Payables 143,095 — 31,101 (174,196 ) — Employee Compensation and Benefits 10,588 12,873 18,696 — 42,157 Income Taxes Payable 469 — 2,801 (298 ) 2,972 Other Current Liabilities 28,216 14,348 28,980 298 71,842 Total Current Liabilities 246,520 33,948 132,476 (174,196 ) 238,748 Long-Term Liabilities: Long-Term Debt 315,277 — 1,660 — 316,937 Intercompany Loans 3,997 128,000 175,670 (307,667 ) — Employee-Related Benefits 11,519 1,916 8,393 — 21,828 Deferred Income Taxes — — 48,491 — 48,491 Other Liabilities 27,488 3,336 4,655 — 35,479 Total Long-Term Liabilities 358,281 133,252 238,869 (307,667 ) 422,735 Total Liabilities 604,801 167,200 371,345 (481,863 ) 661,483 Equity: Common Stock 6,796 — 11,131 (11,131 ) 6,796 Additional Paid-In Capital 26,087 77,551 388,216 (465,767 ) 26,087 Retained Earnings 312,539 34,932 (9,916 ) (25,016 ) 312,539 Accumulated Other Comprehensive Loss (38,233 ) (931 ) (57,951 ) 58,882 (38,233 ) Total Tennant Company Shareholders' Equity 307,189 111,552 331,480 (443,032 ) 307,189 Noncontrolling Interest 1,894 — 1,894 (1,894 ) 1,894 Total Equity 309,083 111,552 333,374 (444,926 ) 309,083 Total Liabilities and Total Equity $ 913,884 $ 278,752 $ 704,719 $ (926,789 ) $ 970,566 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 nine months ended September 30, 2018 (in thousands) Parent Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Total Tennant Company OPERATING ACTIVITIES Net Cash Provided by (Used in) Operating Activities $ 43,661 $ 219 $ (411 ) $ — $ 43,469 INVESTING ACTIVITIES Purchases of Property, Plant and Equipment (4,505 ) (58 ) (8,205 ) — (12,768 ) Proceeds from Disposals of Property, Plant and Equipment 20 — 88 — 108 Proceeds from Principal Payments Received on Long-Term Note Receivable — — 828 — 828 Proceeds from Sale of Business — — 4,000 — 4,000 Purchase of Intangible Assets (2,500 ) — (107 ) — (2,607 ) Change in Investments in Subsidiaries (1,817 ) — — 1,817 — Loan Payments from Subsidiaries 1,218 — — (1,218 ) — Loan Payments from Parent — — 986 (986 ) — Net Cash Used in Investing Activities (7,584 ) (58 ) (2,410 ) (387 ) (10,439 ) FINANCING ACTIVITIES Payments of Long-Term Debt (30,000 ) — (216 ) — (30,216 ) Change in Capital Lease Obligations — — 7 — 7 Change in Subsidiary Equity — — 1,817 (1,817 ) — Loan Payments to Parent — — (1,218 ) 1,218 — Loan Payments to Subsidiaries (986 ) — — 986 — Proceeds from Issuances of Common Stock 5,735 — — — 5,735 Dividends Paid (11,356 ) — — — (11,356 ) Net Cash (Used in) Provided by Financing Activities (36,607 ) — 390 387 (35,830 ) Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash 143 — (2,387 ) — (2,244 ) Net (Decrease) Increase in Cash, Cash Equivalents and Restricted Cash (387 ) 161 (4,818 ) — (5,044 ) 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 $ 18,082 $ 668 $ 35,257 $ — $ 54,007 Condensed Consolidated Statement of Cash Flows For the nine months ended September 30, 2017 (in thousands) Parent Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Total Tennant Company OPERATING ACTIVITIES Net Cash (Used in) Provided by Operating Activities $ (555 ) $ 798 $ 31,880 $ — $ 32,123 INVESTING ACTIVITIES Purchases of Property, Plant and Equipment (7,400 ) — (8,839 ) — (16,239 ) Proceeds from Disposals of Property, Plant and Equipment 17 — 2,439 — 2,456 Proceeds from Principal Payments Received on Long-Term Note Receivable — — 500 — 500 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) Borrowings from Subsidiaries (159,780 ) — — 159,780 — Net Cash Used in Investing Activities (363,606 ) — (360,631 ) 353,419 (370,818 ) FINANCING ACTIVITIES Proceeds from Short-Term Debt 300,000 — — — 300,000 Repayments of Short-Term Debt (300,000 ) — — — (300,000 ) Loan Borrowings (Payments) from Parent — — 159,780 (159,780 ) — Change in Subsidiary Equity — — 193,639 (193,639 ) — Proceeds from Issuance of Long-Term Debt 440,000 — — — 440,000 Payments of Long-Term Debt (81,143 ) — (119 ) — (81,262 ) Payments of Debt Issuance Costs (16,465 ) — — — (16,465 ) Proceeds from Issuance of Common Stock 4,728 — — — 4,728 Dividends Paid (11,204 ) — — — (11,204 ) Net Cash Provided by Financing Activities 335,916 — 353,300 (353,419 ) 335,797 Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash (68 ) — 1,655 — 1,587 Net (Decrease) Increase in Cash, Cash Equivalents and Restricted Cash (28,313 ) 798 26,204 — (1,311 ) 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 $ 10,171 $ 1,024 $ 46,044 $ — $ 57,239 |