XML 34 R22.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Note 1 - Description of Business and Basis of Presentation (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2018
Notes Tables |
Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block] |
Condensed Consolidated Balance Sheets |  | June 30, 2017 |
|  | As Reported |  |  | Impact of Adoption |  |  | As Adjusted |
Accounts receivable |  | $ | 243,285 |  |  | $ | (3,143 | ) |  | $ | 240,142 |
Inventories |  |  | 378,110 |  |  |  | 6,081 |  |  |  | 384,191 |
Other accrued liabilities |  |  | 93,343 |  |  |  | 5,253 |  |  |  | 98,596 |
Deferred income taxes |  |  | 37,575 |  |  |  | (3,190 | ) |  |  | 34,385 |
Other long-term liabilities |  |  | 66,633 |  |  |  | 5,844 |  |  |  | 72,477 |
Retained earnings |  | $ | 495,463 |  |  | $ | (4,969 | ) |  | $ | 490,494 |
|  | December 31, 2017 |
|  | As Reported |  |  | Impact of Adoption |  |  | As Adjusted |
Accounts receivable |  | $ | 280,002 |  |  | $ | (708 | ) |  | $ | 279,294 |
Inventories |  |  | 380,341 |  |  |  | 6,708 |  |  |  | 387,049 |
Other accrued liabilities |  |  | 105,067 |  |  |  | 7,551 |  |  |  | 112,618 |
Deferred income taxes |  |  | 43,789 |  |  |  | (1,937 | ) |  |  | 41,852 |
Other long-term liabilities |  |  | 76,995 |  |  |  | 5,898 |  |  |  | 82,893 |
Retained earnings |  | $ | 616,347 |  |  | $ | (5,513 | ) |  | $ | 610,835 |
Condensed Consolidated Statements of Comprehensive Income |  | Three Months Ended June 30, 2017 |
|  | As Reported |  |  | Impact of Adoption |  |  | As Adjusted |
Net sales |  | $ | 395,376 |  |  | $ | (501 | ) |  | $ | 394,875 |
Cost of goods sold |  |  | 260,916 |  |  |  | 1,038 |  |  |  | 261,954 |
Selling and service expenses |  |  | 43,116 |  |  |  | (1,106 | ) |  |  | 42,010 |
Research and development expenses |  |  | 10,567 |  |  |  | (14 | ) |  |  | 10,553 |
General and administrative expenses |  |  | 21,361 |  |  |  | 46 |  |  |  | 21,407 |
Other, net |  |  | 1,437 |  |  |  | 140 |  |  |  | 1,577 |
Provision for income taxes |  |  | 14,114 |  |  |  | (236 | ) |  |  | 13,878 |
Net income attributable to Generac Holdings Inc. |  | $ | 25,660 |  |  | $ | (369 | ) |  | $ | 25,291 |
Earnings per share |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.42 |  |  | $ | (0.01 | ) |  | $ | 0.41 |
Diluted |  | $ | 0.41 |  |  | $ | - |  |  | $ | 0.41 |
Comprehensive income attributable to Generac Holdings Inc. |  | $ | 32,577 |  |  | $ | (369 | ) |  | $ | 32,208 |
|  | Six Months Ended June 30, 2017 |
|  | As Reported |  |  | Impact of Adoption |  |  | As Adjusted |
Net sales |  | $ | 727,190 |  |  | $ | (1,830 | ) |  | $ | 725,360 |
Cost of goods sold |  |  | 482,244 |  |  |  | 1,395 |  |  |  | 483,639 |
Selling and service expenses |  |  | 83,300 |  |  |  | (1,823 | ) |  |  | 81,477 |
Research and development expenses |  |  | 20,868 |  |  |  | (28 | ) |  |  | 20,840 |
General and administrative expenses |  |  | 42,334 |  |  |  | 46 |  |  |  | 42,380 |
Other, net |  |  | 1,214 |  |  |  | 280 |  |  |  | 1,494 |
Provision for income taxes |  |  | 22,365 |  |  |  | (664 | ) |  |  | 21,701 |
Net income attributable to Generac Holdings Inc. |  | $ | 38,502 |  |  | $ | (1,036 | ) |  | $ | 37,466 |
Earnings per share |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.63 |  |  | $ | (0.01 | ) |  | $ | 0.62 |
Diluted |  | $ | 0.63 |  |  | $ | (0.02 | ) |  | $ | 0.61 |
Comprehensive income attributable to Generac Holdings Inc. |  | $ | 48,964 |  |  | $ | (1,036 | ) |  | $ | 47,928 |
Condensed Consolidated Statement of Cash Flows |  | Six Months Ended June 30, 2017 |
|  | As Reported |  |  | Impact of Adoption |  |  | As Adjusted |
Net income |  | $ | 38,594 |  |  | $ | (1,036 | ) |  | $ | 37,558 |
Deferred income taxes |  |  | 17,164 |  |  |  | (664 | ) |  |  | 16,500 |
Accounts receivable |  |  | 5,362 |  |  |  | (2,858 | ) |  |  | 2,504 |
Inventories |  |  | (13,981 | ) |  |  | 5,745 |  |  |  | (8,236 | )
Other accrued liabilities |  |  | (559 | ) |  |  | (2,585 | ) |  |  | (3,144 | )
Net cash provided by operating activities |  | $ | 55,674 |  |  | $ | (1,398 | ) |  | $ | 54,276 |
Proceeds from beneficial interests in securitization transactions |  | $ | - |  |  | $ | 1,398 |  |  | $ | 1,398 |
Net cash used in investing activities |  | $ | (8,825 | ) |  | $ | 1,398 |  |  | $ | (7,427 | )

X
- Definition Tabular disclosure of changes in accounting principles, including adoption of new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22499-107794 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=109236672&loc=d3e765-108305 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.10-01.(b)(6)) -URI http://asc.fasb.org/extlink&oid=27015980&loc=d3e46468-122699 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22580-107794 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=109236672&loc=d3e725-108305 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22583-107794 + Details
Name: | us-gaap_ScheduleOfNewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_TableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration