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Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Net sales $ 1,672,445 $ 1,444,453 $ 1,317,299
Costs of goods sold 1,090,328 930,347 857,349
Gross profit 582,117 514,106 459,950
Operating expenses:      
Selling and service 171,755 164,607 130,242
Research and development 42,925 37,229 32,922
General and administrative 87,512 74,700 52,947
Amortization of intangibles 28,861 32,953 23,591
Tradename and goodwill impairment [1] 0 0 40,687
Total operating expenses 331,053 309,489 280,389
Income from operations 251,064 204,617 179,561
Other (expense) income:      
Interest expense (42,667) (44,568) (42,843)
Investment income 298 44 123
Loss on extinguishment of debt (574) [2] (4,795) [2]
Loss on change in contractual interest rate (2,957) [3] (2,381) [3]
Costs related to acquisition (777) (1,082) (1,195)
Other, net (3,230) 902 (5,487)
Total other expense, net (46,376) (48,235) (56,578)
Income before provision for income taxes 204,688 156,382 122,983
Provision for income taxes 43,553 57,570 45,236
Net income 161,135 98,812 77,747
Net income attributable to noncontrolling interests 1,749 24
Net income attributable to Generac Holdings Inc. $ 159,386 $ 98,788 $ 77,747
Net income attributable to common shareholders per common share - basic: (in dollars per share) $ 2.58 $ 1.51 $ 1.14
Weighted average common shares outstanding - basic: (in shares) 62,040,704 64,905,793 68,096,051
Net income attributable to common shareholders per common share - diluted: (in dollars per share) $ 2.56 $ 1.50 $ 1.12
Weighted average common shares outstanding - diluted: (in shares) 62,642,872 65,382,774 69,200,297
Other comprehensive income (loss):      
Foreign currency translation adjustment $ 15,191 $ (18,545) $ (7,624)
Net unrealized gain (loss) on derivatives 3,712 535 (965)
Pension liability adjustment 62 322 1,881
Other comprehensive loss 18,965 (17,688) (6,708)
Total comprehensive income 180,100 81,124 71,039
Comprehensive income (loss) attributable to noncontrolling interests 5,549 (973)
Comprehensive income attributable to Generac Holdings Inc. $ 174,551 $ 82,097 $ 71,039
[1] 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).
[2] Represents the write-off of original issue discount and capitalized debt issuance costs due to voluntary debt prepayments.
[3] 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.