XML 71 R56.htm IDEA: XBRL DOCUMENT v3.6.0.2
Note 6 - Segment Reporting - Segment Information (Details) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2016
Sep. 30, 2016
Jun. 30, 2016
Mar. 31, 2016
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
As reported $ 417,421 $ 373,121 $ 367,376 $ 286,535 $ 357,830 $ 359,291 $ 288,360 $ 311,818 $ 1,444,453 $ 1,317,299 $ 1,460,919
Total adjusted EBITDA                 278,387 270,816 337,283
Interest expense                 (44,568) (42,843) (47,215)
Depreciation and amortization                 54,418 40,333 34,730
Non-cash write-down and other adjustments (1) [1]                 (357) (3,892) 3,853
Non-cash share-based compensation expense (2) [2]                 (9,493) (8,241) (12,612)
Tradename and goodwill impairment (3)                 0 (40,687) [3] 0
Loss on extinguishment of debt (4) [4]                 (574) (4,795) (2,084)
Gain Loss on Change in Cash Flows Related to Debt [5]                 (2,957) (2,381) 16,014
Transaction costs and credit facility fees (6) [6]                 (2,442) (2,249) (1,851)
Business optimization expenses (7) [7]                 (7,316) (1,947)
Other                 120 (465) (296)
Income before provision for income taxes                 156,382 122,983 258,362
Assets 1,861,684       1,778,635       1,861,684 1,778,635 1,864,419
Capital Expenditures                 30,467 30,651 34,689
Domestic [Member]                      
As reported                 1,173,559 1,204,589 1,343,367
Total adjusted EBITDA                 261,428 254,882 322,769
Depreciation and amortization                 42,346 35,327 29,410
Assets 1,521,665       1,605,043       1,521,665 1,605,043 1,672,336
Capital Expenditures                 26,936 29,368 33,976
International [Member]                      
As reported                 270,894 112,710 117,552
Total adjusted EBITDA                 16,959 15,934 14,514
Depreciation and amortization                 12,072 5,006 5,320
Assets $ 340,019       $ 173,592       340,019 173,592 192,083
Capital Expenditures                 $ 3,531 $ 1,283 $ 713
[1] Includes gains/losses on disposal of assets, unrealized mark-to-market adjustments on commodity contracts, and certain foreign currency and purchase accounting related adjustments.
[2] Represents share-based compensation expense to account for stock options, restricted stock and other stock awards over their respective vesting periods.
[3] Represents the 2015 impairment of certain tradenames due to a change in brand strategy to transition and consolidate various brands to the Generac tradename ($36,076) and the impairment of goodwill related to the Ottomotores reporting unit ($4,611)
[4] Represents the write-off of original issue discount and capitalized debt issuance costs due to voluntary debt prepayments.
[5] For the year ended December 31, 2016, represents a non-cash loss in the third quarter 2016 relating to the continued 25 basis point increase in borrowing costs as a result of the credit agreement leverage ratio remaining above 3.0 times and expected to remain above 3.0 based on current projections. For the year ended December 31, 2015, represents a non-cash loss relating to a 25 basis point increase in borrowing costs as a result of the credit agreement leverage ratio rising above 3.0 times effective third quarter 2015 and expected to remain above 3.0 times based on projections at the time. For the year ended December 31, 2014 represents a non-cash gain relating to a 25 basis point reduction in borrowing costs as a result of the credit agreement leverage ratio falling below 3.0 times effective second quarter 2014 and expected to remain below 3.0 times based on projections at the time.
[6] Represents transaction costs incurred directly in connection with any investment, as defined in our credit agreement; equity issuance, debt issuance or refinancing; together with certain fees relating to our senior secured credit facilities.
[7] Represents charges relating to business optimization and restructuring costs.