XML 13 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 67,071 $ 67,272
Accounts receivable, less allowance for doubtful accounts 243,285 241,857
Inventories 378,110 349,731
Prepaid expenses and other assets 9,314 24,649
Total current assets 697,780 683,509
Property and equipment, net 217,056 212,793
Customer lists, net 44,659 45,312
Patents, net 44,409 48,061
Other intangible assets, net 2,699 2,925
Tradenames, net 156,650 158,874
Goodwill 716,820 704,640
Deferred income taxes 4,261 3,337
Other assets 3,196 2,233
Total assets 1,887,530 1,861,684
Current liabilities:    
Short-term borrowings 22,155 31,198
Accounts payable 163,359 181,519
Accrued wages and employee benefits 23,765 21,189
Other accrued liabilities 93,343 93,068
Current portion of long-term borrowings and capital lease obligations 7,700 14,965
Total current liabilities 310,322 341,939
Long-term borrowings and capital lease obligations 1,007,235 1,006,758
Deferred income taxes 37,575 17,278
Other long-term liabilities 66,633 61,459
Total liabilities 1,421,765 1,427,434
Redeemable noncontrolling interest 37,796 33,138
Stockholders’ equity:    
Common stock, par value $0.01, 500,000,000 shares authorized, 70,594,648 and 70,261,481 shares issued at June 30, 2017 and December 31, 2016, respectively 705 702
Additional paid-in capital 454,763 449,049
Treasury stock, at cost (293,684) (262,402)
Excess purchase price over predecessor basis (202,116) (202,116)
Retained earnings 495,463 456,052
Accumulated other comprehensive loss (27,209) (40,163)
Stockholders' equity attributable to Generac Holdings, Inc. 427,922 401,122
Noncontrolling interests 47 (10)
Total stockholders’ equity 427,969 401,112
Total liabilities and stockholders’ equity $ 1,887,530 $ 1,861,684