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Note 12 - Earnings Per Share | 12 Months Ended
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Dec. 31, 2016
Notes to Financial Statements |
Earnings Per Share [Text Block] |
12. | Earnings Per Share
Basic earnings per share is calculated by dividing net income attributable to the common shareholders of the Company by the weighted average number of common shares outstanding during the period, exclusive of restricted shares. Except where the result would be anti-dilutive, diluted earnings per share is calculated by assuming the vesting of unvested restricted stock and the exercise of stock options, as well as their related income tax benefits. The following table reconciles the numerator and the denominator used to calculate basic and diluted earnings per share:
|  | Year Ended December 31, |
|  | 2016 |  |  | 2015 |  |  | 2014 |
Numerator |  |  |  |  |  |  |  |  |  |  |  |
Net income attributable to Generac Holdings Inc. |  | $ | 98,788 |  |  | $ | 77,747 |  |  | $ | 174,613 |
Redeemable noncontrolling interest redemption value adjustment |  |  | (909 | ) |  |  | - |  |  |  | - |
Net income attributable to common shareholders |  | $ | 97,879 |  |  | $ | 77,747 |  |  | $ | 174,613 |
Denominator |  |  |  |  |  |  |  |  |  |  |  |
Weighted average shares, basic |  |  | 64,905,793 |  |  |  | 68,096,051 |  |  |  | 68,538,248 |
Dilutive effect of stock compensation awards (1) |  |  | 476,981 |  |  |  | 1,104,246 |  |  |  | 1,632,796 |
Diluted shares |  |  | 65,382,774 |  |  |  | 69,200,297 |  |  |  | 70,171,044 |
Net income attributable to common shareholders per share |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 1.51 |  |  | $ | 1.14 |  |  | $ | 2.55 |
Diluted |  | $ | 1.50 |  |  | $ | 1.12 |  |  | $ | 2.49 |
(1) Excludes approximately 15,800, 161,400 and 81,600 stock options for the years ended December 31, 2016, 2015 and 2014, respectively, as the impact of such awards was anti-dilutive. Excludes approximately 1,000 shares of restricted stock for the year ended December 31, 2015, as the impact of such awards was anti-dilutive.

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