XML 28 R29.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Benefit Plans (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2013
Benefit Plans [Abstract] |
Information related to the Pension Plans | The Company uses a December 31 measurement date for the Pension Plans. Information related to the Pension Plans is as follows:
|  | Year Ended December 31, |
|  | 2013 |  |  | 2012 |
Accumulated benefit obligation at end of period |  | $ | 52,825 |  |  | $ | 59,744 |
Change in projected benefit obligation |  |  |  |  |  |  |  |
Projected benefit obligation at beginning of period |  | $ | 59,744 |  |  | $ | 53,467 |
Interest cost |  |  | 2,423 |  |  |  | 2,453 |
Net actuarial (gain) loss |  |  | (7,695 | ) |  |  | 5,332 |
Benefits paid |  |  | (1,647 | ) |  |  | (1,508 | )
Projected benefit obligation at end of period |  | $ | 52,825 |  |  | $ | 59,744 |
Change in plan assets |  |  |  |  |  |  |  |
Fair value of plan assets at beginning of period |  | $ | 36,570 |  |  | $ | 31,423 |
Actual return on plan assets |  |  | 6,465 |  |  |  | 4,268 |
Company contributions |  |  | 1,052 |  |  |  | 2,387 |
Benefits paid |  |  | (1,647 | ) |  |  | (1,508 | )
Fair value of plan assets at end of period |  | $ | 42,440 |  |  | $ | 36,570 |
Funded status: accrued pension liability included in other long-term liabilities |  | $ | (10,385 | ) |  | $ | (23,174 | )
Amounts recognized in accumulated other comprehensive income |  |  |  |  |  |  |  |
Net actuarial loss |  | $ | (4,393 | ) |  | $ | (12,081 | )
Additional information related to the Pension Plans | Additional information related to the Pension Plans is as follows:
|  | Year ended December 31, |
|  | 2013 |  |  | 2012 |  |  | 2011 |
Components of net periodic pension expense: |  |  |  |  |  |  |  |  |
Interest cost |  |  | 2,423 |  |  |  | 2,453 |  |  |  | 2,369 |
Expected return on plan assets |  |  | (2,520 | ) |  |  | (2,398 | ) |  |  | (2,342 | )
Amortization of net loss |  |  | 1,108 |  |  |  | 909 |  |  |  | 273 |
Net periodic pension expense |  | $ | 1,011 |  |  | $ | 964 |  |  | $ | 300 |
Weighted-average assumptions | Weighted-average assumptions used to determine the benefit obligations are as follows:
|  | December 31, |
|  | 2013 |  |  | 2012 |
Discount rate – salaried pension plan |  |  | 4.98 | % |  |  | 4.10 | %
Discount rate – hourly pension plan |  |  | 5.01 | % |  |  | 4.14 | %
Rate of compensation increase (1) |  |  | n/ | a |  |  | n/ | a
| (1) | No compensation increase was assumed as the plans were frozen effective December 31, 2008.
Weighted-average assumptions used to determine net periodic pension expense are as follows:
|  | Year ended December 31, |
|  | 2013 |  |  | 2012 |  |  | 2011 |
Discount rate |  |  | 4.14 | % |  |  | 4.65 | % |  |  | 5.23 | %
Expected long-term rate of return on plan assets |  |  | 6.95 |  |  |  | 7.57 |  |  |  | 7.62 |
Rate of compensation increase (1) |  |  | n/ | a |  |  | n/ | a |  |  | n/ | a
| (1) | No compensation increase was assumed as the plans were frozen effective December 31, 2008.
Pension Plan's weighted-average asset allocation | The Pension Plan’s weighted-average asset allocation at December 31, 2013 and 2012, by asset category, is as follows:
|  |  |  |  | December 31, 2013 |  |  | December 31, 2012 |
Asset Category |  | Target |  |  | Dollars |  |  | % |  |  | Dollars |  |  | % |
Fixed Income |  |  | 24 | % |  |  | 7,307 |  |  |  | 17 | % |  |  | 8,736 |  |  |  | 24 | %
Domestic equity |  |  | 49 | % |  |  | 23,903 |  |  |  | 56 | % |  |  | 17,926 |  |  |  | 49 | %
International equity |  |  | 17 | % |  |  | 7,424 |  |  |  | 18 | % |  |  | 6,257 |  |  |  | 17 | %
Real estate |  |  | 10 | % |  |  | 3,806 |  |  |  | 9 | % |  |  | 3,651 |  |  |  | 10 | %
Total |  |  | 100 | % |  | $ | 42,440 |  |  |  | 100 | % |  | $ | 36,570 |  |  |  | 100 | %
Fair value of plan assets | The fair values of the Pension Plan's assets at December 31, 2013 are as follows:
|  | Total |  |  | Quoted prices in active markets for identical asset (level 1) |  |  | Significant observable inputs (level 2) |  |  | Significant unobservable inputs (level 3) |
Mutual fund |  | $ | 39,759 |  |  | $ | 39,759 |  |  | $ | – |  |  | $ | – |
Collective trust |  |  | 2,681 |  |  |  | – |  |  |  | 2,681 |  |  |  | – |
Total |  | $ | 42,440 |  |  | $ | 39,759 |  |  | $ | 2,681 |  |  | $ | – |
The fair values of the Pension Plan's assets at December 31, 2012 are as follows:
|  | Total |  |  | Quoted prices in active markets for identical asset (level 1) |  |  | Significant observable inputs (level 2) |  |  | Significant unobservable inputs (level 3) |
Mutual fund |  | $ | 33,683 |  |  | $ | 33,683 |  |  | $ | – |  |  | $ | – |
Collective trust |  |  | 2,887 |  |  |  | – |  |  |  | 2,887 |  |  |  | – |
Total |  | $ | 36,570 |  |  | $ | 33,683 |  |  | $ | 2,887 |  |  | $ | – |
Expected benefit payments | The following benefit payments are expected to be paid from the Pension Plans:
Year |  |  |
2014 |  | $ | 1,776 |
2015 |  |  | 1,838 |
2016 |  |  | 1,971 |
2017 |  |  | 2,176 |
2018 |  |  | 2,279 |
Years 2019 – 2023 |  |  | 13,353 |

X
- Definition Tabular disclosure of the fair value of each major category of plan assets, and the level within the fair value hierarchy in which the fair value measurements fall. + References No definition available. + Details
Name: | gnrc_ScheduleOfFairValueOfPlanAssetsTableTextBlock
Namespace Prefix: | gnrc_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_CompensationAndRetirementDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the major categories of plan assets of pension plans and/or other employee benefit plans. This information may include, but is not limited to, the target allocation of plan assets, the fair value of each major category of plan assets, and the level within the fair value hierarchy in which the fair value measurements fall. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (d)(5) -URI http://asc.fasb.org/extlink&oid=21915506&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfAllocationOfPlanAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the assumptions used to determine for pension plans and/or other employee benefit plans the benefit obligation and net benefit cost, including assumed discount rates, rate increase in compensation increase, and expected long-term rates of return on plan assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (k) -URI http://asc.fasb.org/extlink&oid=21915506&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfAssumptionsUsedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of one or more of the entity's defined benefit pension plans or one or more other defined benefit postretirement plans, separately for pension plans and other postretirement benefit plans including the entity's schedule of fair value of plan assets for defined benefit or other postretirement plans. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=21915506&loc=d3e1928-114920 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=21915506&loc=d3e2417-114920 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 55 -Paragraph 17 -URI http://asc.fasb.org/extlink&oid=21916443&loc=d3e4179-114921 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=21915506&loc=d3e2439-114920 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=21915506&loc=d3e2410-114920 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 132R -Paragraph 5, 6, 7 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 158 -Paragraph 4, 7, 16, 20, 21 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 132R -Paragraph 5 -Subparagraph d -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
Name: | us-gaap_ScheduleOfDefinedBenefitPlansDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of benefits expected to be paid by pension plans and/or other employee benefit plans in each of the next five fiscal years and in the aggregate for the five fiscal years thereafter. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=21915506&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfExpectedBenefitPaymentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (h) -URI http://asc.fasb.org/extlink&oid=21915506&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfNetBenefitCostsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration