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Note 12 - Earnings Per Share
 3 Months Ended
Mar. 31, 2018
Notes to Financial Statements  
Earnings Per Share [Text Block]
1
2
. Earnings Per
Share
 
Basic earnings per share is calculated by dividing net income attributable to the common stockholders 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. The following table reconciles the numerator and the denominator used to calculate basic and diluted earnings per share:
 
   
Three Months Ended March 31,
  
   
2018
    
2017
  
Numerator
  
 
 
 
  
 
 
 
Net income attributable to Generac Holdings Inc.
   $
33,645
     $
12,175
  
Redeemable noncontrolling interest redemption value adjustment
    
(7,665
 )    
614
  
Net income attributable to common shareholders
   $
25,980
     $
12,789
  
                 
Denominator
  
 
 
 
  
 
 
 
Weighted average shares, basic
    
61,943,495
      
62,366,263
  
Dilutive effect of stock compensation awards (1)
    
531,441
      
569,863
  
Diluted shares
    
62,474,936
      
62,936,126
  
                 
Net income attributable to common shareholders per share
                
Basic
   $
0.42
     $
0.21
  
Diluted
   $
0.42
     $
0.20
  
 
(
1
) Excludes approximately
93,600
and
154,900
stock options for the
three
months ended
March 31, 2018
and
March 31, 2017,
respectively, as the impact of such awards was anti-dilutive.