XML 32 R21.htm IDEA: XBRL DOCUMENT v3.19.1
Note 14 - Earnings Per Share
 3 Months Ended
Mar. 31, 2019
Notes to Financial Statements  
Earnings Per Share [Text Block]
1
4
. 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. Refer to Note
3,
“Redeemable Noncontrolling Interest” for further information regarding the accounting for redeemable noncontrolling interests.
 
The following table reconciles the numerator and the denominator used to calculate basic and diluted earnings per share:
 
   
Three Months Ended March 31,
  
   
2019
    
2018
  
Numerator
  
 
 
 
  
 
 
 
Net income attributable to Generac Holdings Inc.
   $
44,861
     $
33,645
  
Redeemable noncontrolling interest redemption value adjustment
    
2,432
      
(7,665
 )
Net income attributable to common shareholders
   $
47,293
     $
25,980
  
                 
Denominator
  
 
 
 
  
 
 
 
Weighted average shares, basic
    
61,762,260
      
61,943,495
  
Dilutive effect of stock compensation awards (1)
    
461,378
      
531,441
  
Diluted shares
    
62,223,638
      
62,474,936
  
                 
Net income attributable to common shareholders per share
                
Basic
   $
0.77
     $
0.42
  
Diluted
   $
0.76
     $
0.42
  
 
(
1
) Excludes approximately
71,800
and
93,600
stock options for the
three
months ended
March 31, 2019
and
2018,
respectively, as the impact of such awards was anti-dilutive.