XML 71 R55.htm IDEA: XBRL DOCUMENT v3.8.0.1
Note 6 - Segment Reporting - Segment Information (Details) - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2016
Sep. 30, 2016
Jun. 30, 2016
Mar. 31, 2016
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
As reported $ 488,002 $ 457,253 $ 395,376 $ 331,814 $ 417,421 $ 373,121 $ 367,376 $ 286,535 $ 1,672,445 $ 1,444,453 $ 1,317,299
Total adjusted EBITDA                 317,730 278,387 270,816
Interest expense                 (42,667) (44,568) (42,843)
Depreciation and amortization                 (51,988) (54,418) (40,333)
Non-cash write-down and other adjustments (1) [1]                 (2,923) (357) (3,892)
Non-cash share-based compensation expense (2) [2]                 (10,205) (9,493) (8,241)
Tradename and goodwill impairment (3) [3]                 0 0 (40,687)
Gain (Loss) on Extinguishment of Debt                 (574) [4] (4,795) [4]
Gain (loss) on change in contractual interest rate (5)                 (2,957) [5] (2,381) [5]
Transaction costs and credit facility fees (6) [6]                 (2,145) (2,442) (2,249)
Business optimization expenses (7) [7]                 (2,912) (7,316) (1,947)
Other                 (202) 120 (465)
Income before provision for income taxes                 204,688 156,382 122,983
Assets 2,019,964       1,861,684       2,019,964 1,861,684 1,778,635
Depreciation and Amortization                 51,988 54,418 40,333
Capital expenditures                 33,261 30,467 30,651
Domestic [Member]                      
As reported                 1,296,578 1,173,559 1,204,589
Total adjusted EBITDA                 290,720 261,428 254,882
Depreciation and amortization                 (37,962) (42,346) (35,327)
Assets 1,606,606       1,521,665       1,606,606 1,521,665 1,605,043
Depreciation and Amortization                 37,962 42,346 35,327
Capital expenditures                 29,258 26,936 29,368
International [Member]                      
As reported                 375,867 270,894 112,710
Total adjusted EBITDA                 27,010 16,959 15,934
Depreciation and amortization                 (14,026) (12,072) (5,006)
Assets $ 413,358       $ 340,019       413,358 340,019 173,592
Depreciation and Amortization                 14,026 12,072 5,006
Capital expenditures                 $ 4,003 $ 3,531 $ 1,283
[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 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 based on projections at that time. 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 and expected to remain above 3.0 times based on projections at that time. Following the May 2017 Term Loan amendment, which removed the pricing grid based on leverage ratio achieved, gains or losses on changes in contractual interest rate will no longer be recorded in the statements of comprehensive income. Refer to Note 10, "Credit Agreements," to the consolidated financial statements in Item 8 of this Annual Report on Form 10-K for further information on the gains and losses on changes in the contractual interest rate.
[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.