2014 Q1 Form 10-Q Financial Statement

#000009713414000021 Filed on April 25, 2014

View on sec.gov

Income Statement

Concept 2014 Q1 2013 Q1
Revenue $184.0M $168.1M
YoY Change 9.45% -3.24%
Cost Of Revenue $107.1M $95.57M
YoY Change 12.03% -2.87%
Gross Profit $76.92M $72.52M
YoY Change 6.06% -3.71%
Gross Profit Margin 41.81% 43.14%
Selling, General & Admin $60.20M $58.12M
YoY Change 3.57% -2.67%
% of Gross Profit 78.26% 80.14%
Research & Development $7.481M $7.518M
YoY Change -0.49% 3.41%
% of Gross Profit 9.73% 10.37%
Depreciation & Amortization $4.427M $4.492M
YoY Change -1.45% 0.63%
% of Gross Profit 5.76% 6.19%
Operating Expenses $67.68M $65.64M
YoY Change 3.11% -2.01%
Operating Profit $9.237M $6.883M
YoY Change 34.2% -17.42%
Interest Expense $486.0K $467.0K
YoY Change 4.07% -34.41%
% of Operating Profit 5.26% 6.78%
Other Income/Expense, Net -$650.0K -$671.0K
YoY Change -3.13% 12.4%
Pretax Income $8.587M $6.212M
YoY Change 38.23% -19.72%
Income Tax $2.792M $1.153M
% Of Pretax Income 32.51% 18.56%
Net Earnings $5.795M $5.059M
YoY Change 14.55% -4.98%
Net Earnings / Revenue 3.15% 3.01%
Basic Earnings Per Share $0.32 $0.28
Diluted Earnings Per Share $0.31 $0.27
COMMON SHARES
Basic Shares Outstanding 18.32M shares 18.34M shares
Diluted Shares Outstanding 18.84M shares 18.89M shares

Balance Sheet

Concept 2014 Q1 2013 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $63.40M $49.80M
YoY Change 27.31% 26.08%
Cash & Equivalents $63.40M $49.76M
Short-Term Investments
Other Short-Term Assets $1.678M $253.0K
YoY Change 563.24% -99.01%
Inventory $73.84M $64.13M
Prepaid Expenses $14.23M $13.18M
Receivables $144.0M $130.4M
Other Receivables $0.00 $0.00
Total Short-Term Assets $307.1M $268.2M
YoY Change 14.5% 4.28%
LONG-TERM ASSETS
Property, Plant & Equipment $83.87M $84.45M
YoY Change -0.69% -3.27%
Goodwill $19.16M $19.80M
YoY Change -3.22%
Intangibles $18.51M $19.93M
YoY Change -7.14%
Long-Term Investments
YoY Change
Other Assets $17.06M $9.503M
YoY Change 79.48% -57.0%
Total Long-Term Assets $141.4M $144.0M
YoY Change -1.86% -6.11%
TOTAL ASSETS
Total Short-Term Assets $307.1M $268.2M
Total Long-Term Assets $141.4M $144.0M
Total Assets $448.5M $412.2M
YoY Change 8.79% 0.4%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $54.41M $51.58M
YoY Change 5.48% 16.7%
Accrued Expenses $25.30M $25.00M
YoY Change 1.2% 7.3%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $2.200M $1.600M
YoY Change 37.5% -61.9%
Total Short-Term Liabilities $124.1M $116.0M
YoY Change 6.98% 7.05%
LONG-TERM LIABILITIES
Long-Term Debt $26.00M $30.20M
YoY Change -13.91% -5.03%
Other Long-Term Liabilities $5.069M $4.577M
YoY Change 10.75% -89.21%
Total Long-Term Liabilities $58.89M $63.73M
YoY Change -7.58% -14.12%
TOTAL LIABILITIES
Total Short-Term Liabilities $124.1M $116.0M
Total Long-Term Liabilities $58.89M $63.73M
Total Liabilities $183.0M $179.8M
YoY Change 1.82% -3.51%
SHAREHOLDERS EQUITY
Retained Earnings $252.2M $233.1M
YoY Change 8.19%
Common Stock $6.919M $6.911M
YoY Change 0.12%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $265.4M $232.5M
YoY Change
Total Liabilities & Shareholders Equity $448.5M $412.2M
YoY Change 8.79% 0.4%

Cashflow Statement

Concept 2014 Q1 2013 Q1
OPERATING ACTIVITIES
Net Income $5.795M $5.059M
YoY Change 14.55% -4.98%
Depreciation, Depletion And Amortization $4.427M $4.492M
YoY Change -1.45% 0.63%
Cash From Operating Activities -$3.913M $7.263M
YoY Change -153.88% -347.88%
INVESTING ACTIVITIES
Capital Expenditures $3.511M $4.017M
YoY Change -12.6% -4.79%
Acquisitions
YoY Change
Other Investing Activities $0.00 $700.0K
YoY Change -100.0% 600.0%
Cash From Investing Activities -$3.473M -$3.279M
YoY Change 5.92% -19.65%
FINANCING ACTIVITIES
Cash Dividend Paid $3.490M $3.314M
YoY Change 5.31% 3.47%
Common Stock Issuance & Retirement, Net $3.330M $4.720M
YoY Change -29.45% 89.94%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$10.16M -$7.754M
YoY Change 30.99% 28.31%
NET CHANGE
Cash From Operating Activities -$3.913M $7.263M
Cash From Investing Activities -$3.473M -$3.279M
Cash From Financing Activities -$10.16M -$7.754M
Net Change In Cash -$17.54M -$3.770M
YoY Change 365.33% -71.12%
FREE CASH FLOW
Cash From Operating Activities -$3.913M $7.263M
Capital Expenditures $3.511M $4.017M
Free Cash Flow -$7.424M $3.246M
YoY Change -328.71% -145.4%

Facts In Submission

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1678000 USD
CY2013Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
17154000 USD
CY2014Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
17056000 USD
CY2014Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
1037000 USD
CY2013Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
-1412000 USD
CY2013Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
0 USD
CY2014Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
-14000 USD
CY2014Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1079000 USD
CY2013Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-1156000 USD
CY2013Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax
-258000 USD
CY2014Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax
-45000 USD
CY2014Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
-17000 USD
CY2013Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
-2000 USD
CY2013Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
44076000 USD
CY2014Q1 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
41390000 USD
CY2013Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
4891000 USD
CY2014Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
5069000 USD
CY2014Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
9000 USD
CY2013Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-5000 USD
CY2013Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
6000 USD
CY2014Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-31000 USD
CY2013Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
7515000 USD
CY2014Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
3556000 USD
CY2013Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
3314000 USD
CY2014Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
3490000 USD
CY2013Q1 us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
428000 USD
CY2013Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
4017000 USD
CY2014Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3511000 USD
CY2014Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.02
CY2013Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.02
CY2013Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000 shares
CY2014Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000 shares
CY2013Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2014Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2013Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2014Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2013Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2014Q1 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2014Q1 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
14231000 USD
CY2013Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
11426000 USD
CY2013Q1 us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
699000 USD
CY2014Q1 us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
0 USD
CY2014Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
226000 USD
CY2013Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
2795000 USD
CY2013Q1 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
0 USD
CY2014Q1 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
-1500000 USD
CY2013Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
39000 USD
CY2014Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
40000 USD
CY2014Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
305972000 USD
CY2013Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
300906000 USD
CY2013Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
83476000 USD
CY2014Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
83868000 USD
CY2013Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
313000 USD
CY2014Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
429000 USD
CY2014Q1 us-gaap Purchase Commitment Remaining Minimum Amount Committed
PurchaseCommitmentRemainingMinimumAmountCommitted
1181000 USD
CY2014Q1 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-28000 USD
CY2014Q1 us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
2006000 USD
CY2013Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
7518000 USD
CY2014Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
7481000 USD
CY2014Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
411000 USD
CY2013Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
393000 USD
CY2013Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
249927000 USD
CY2014Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
252233000 USD
CY2013Q1 us-gaap Sales Revenue Net
SalesRevenueNet
168092000 USD
CY2014Q1 us-gaap Sales Revenue Net
SalesRevenueNet
183979000 USD
CY2013Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
58122000 USD
CY2014Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
60199000 USD
CY2013Q1 us-gaap Share Based Compensation
ShareBasedCompensation
1707000 USD
CY2014Q1 us-gaap Share Based Compensation
ShareBasedCompensation
1540000 USD
CY2014Q1 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
9458000 USD
CY2013Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
9663000 USD
CY2012Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
9357000 USD
CY2013Q1 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
9121000 USD
CY2014Q1 us-gaap Standard Product Warranty Accrual Currency Translation Increase Decrease
StandardProductWarrantyAccrualCurrencyTranslationIncreaseDecrease
22000 USD
CY2013Q1 us-gaap Standard Product Warranty Accrual Currency Translation Increase Decrease
StandardProductWarrantyAccrualCurrencyTranslationIncreaseDecrease
-81000 USD
CY2014Q1 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
2358000 USD
CY2013Q1 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
2455000 USD
CY2014Q1 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
2131000 USD
CY2013Q1 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
2300000 USD
CY2014Q1 us-gaap Stockholders Equity
StockholdersEquity
265432000 USD
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
263846000 USD
CY2014Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
3816000 USD
CY2014Q1 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
562000 USD
CY2014Q1 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
3519000 USD
CY2013Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
18889317 shares
CY2014Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
18839172 shares
CY2013Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
18343933 shares
CY2014Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
18318260 shares
CY2014Q1 tnc Aggregate Residual Value At Lease Expiration For Vehicle Leases
AggregateResidualValueAtLeaseExpirationForVehicleLeases
11903000 USD
CY2013Q4 tnc Allowance For Doubtful Accounts Receivable And Sales Returns Current
AllowanceForDoubtfulAccountsReceivableAndSalesReturnsCurrent
4526000 USD
CY2014Q1 tnc Allowance For Doubtful Accounts Receivable And Sales Returns Current
AllowanceForDoubtfulAccountsReceivableAndSalesReturnsCurrent
4757000 USD
CY2014Q1 tnc Goodwill Net Foreign Currency Fluctuations
GoodwillNetForeignCurrencyFluctuations
232000 USD
CY2014Q1 tnc Impairment Losses Foreign Currency Fluctuations
ImpairmentLossesForeignCurrencyFluctuations
-274000 USD
CY2014Q1 tnc Inventory Finished Goods Fifo
InventoryFinishedGoodsFifo
33401000 USD
CY2013Q4 tnc Inventory Finished Goods Fifo
InventoryFinishedGoodsFifo
31489000 USD
CY2014Q1 tnc Inventory Finished Goods Lifo
InventoryFinishedGoodsLifo
39737000 USD
CY2013Q4 tnc Inventory Finished Goods Lifo
InventoryFinishedGoodsLifo
36238000 USD
CY2014Q1 tnc Inventory Raw Materials Production Parts And Work In Process Fifo
InventoryRawMaterialsProductionPartsAndWorkInProcessFifo
13179000 USD
CY2013Q4 tnc Inventory Raw Materials Production Parts And Work In Process Fifo
InventoryRawMaterialsProductionPartsAndWorkInProcessFifo
12720000 USD
CY2013Q4 tnc Inventory Raw Materials Production Parts And Work In Process Lifo
InventoryRawMaterialsProductionPartsAndWorkInProcessLifo
13922000 USD
CY2014Q1 tnc Inventory Raw Materials Production Parts And Work In Process Lifo
InventoryRawMaterialsProductionPartsAndWorkInProcessLifo
14984000 USD
CY2014Q1 tnc Liability For Estimated End Of Term Loss Related To Residual Value Guarantee
LiabilityForEstimatedEndOfTermLossRelatedToResidualValueGuarantee
265000 USD
CY2014Q1 tnc Line Of Credit Facility Committed Lines Of Credit
LineOfCreditFacilityCommittedLinesOfCredit
125000000 USD
CY2014Q1 tnc Line Of Credit Facility Covenant Restriction Maximum Indebtedness To Ebitda
LineOfCreditFacilityCovenantRestrictionMaximumIndebtednessToEbitda
3.00 to 1
CY2014Q1 tnc Line Of Credit Facility Covenant Restriction Minimum Ebitda To Interest Expense
LineOfCreditFacilityCovenantRestrictionMinimumEbitdaToInterestExpense
3.50 to 1
CY2014Q1 tnc Line Of Credit Facility Ebitda To Interest Expense Ratio
LineOfCreditFacilityEbitdaToInterestExpenseRatio
48.00 to 1
CY2014Q1 tnc Line Of Credit Facility Indebtedness To Ebitda Ratio
LineOfCreditFacilityIndebtednessToEbitdaRatio
0.36 to 1
CY2014Q1 tnc Line Of Credit Facility Uncommitted Lines Of Credit
LineOfCreditFacilityUncommittedLinesOfCredit
87754000 USD
CY2014Q1 tnc Machinewarrantyrangemaximum
Machinewarrantyrangemaximum
P4Y
CY2014Q1 tnc Machinewarrantyrangeminimum
Machinewarrantyrangeminimum
P1Y
CY2014Q1 tnc Other Comprehensive Income Loss Before Reclassifications
OtherComprehensiveIncomeLossBeforeReclassifications
1051000 USD
CY2014Q1 tnc Term Of Unrecorded Purchase Obligation
TermOfUnrecordedPurchaseObligation
P3Y
CY2014Q1 dei Amendment Flag
AmendmentFlag
false
CY2014Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2014Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2014Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
CY2014Q1 dei Document Period End Date
DocumentPeriodEndDate
2014-03-31
CY2014Q1 dei Document Type
DocumentType
10-Q
CY2014Q1 dei Entity Central Index Key
EntityCentralIndexKey
0000097134
CY2014Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
18421930 shares
CY2014Q1 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2014Q1 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2013Q2 dei Entity Public Float
EntityPublicFloat
873991079 USD
CY2014Q1 dei Entity Registrant Name
EntityRegistrantName
Tennant Company
CY2014Q1 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2014Q1 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes
CY2013Q4 invest Derivative Notional Amount
DerivativeNotionalAmount
30280000 USD
CY2014Q1 invest Derivative Notional Amount
DerivativeNotionalAmount
33939000 USD

Files In Submission

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0000097134-14-000021-index-headers.html Edgar Link pending
0000097134-14-000021-index.html Edgar Link pending
0000097134-14-000021.txt Edgar Link pending
0000097134-14-000021-xbrl.zip Edgar Link pending
exhibit_31-1.htm Edgar Link pending
exhibit_31-2.htm Edgar Link pending
exhibit_32-1.htm Edgar Link pending
exhibit_32-2.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
form10-q.htm Edgar Link pending
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report.css Edgar Link pending
Show.js Edgar Link pending
tennantlogotealbox.jpg Edgar Link pending
tnc-20140331.xml Edgar Link completed
tnc-20140331.xsd Edgar Link pending
tnc-20140331_cal.xml Edgar Link unprocessable
tnc-20140331_def.xml Edgar Link unprocessable
tnc-20140331_lab.xml Edgar Link unprocessable
tnc-20140331_pre.xml Edgar Link unprocessable