XML 15 R4.htm IDEA: XBRL DOCUMENT v3.19.2
Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Net sales $ 541,916 $ 497,581 $ 1,012,269 $ 897,672
Costs of goods sold 346,078 319,108 654,256 577,272
Gross profit 195,838 178,473 358,013 320,400
Operating expenses:        
Selling and service 52,309 48,269 99,598 92,889
Research and development 17,694 12,616 31,303 24,469
General and administrative 27,658 26,639 52,420 50,114
Amortization of intangibles 7,251 5,482 12,593 11,114
Total operating expenses 104,912 93,006 195,914 178,586
Income from operations 90,926 85,467 162,099 141,814
Other (expense) income:        
Interest expense (10,452) (11,002) (20,724) (21,115)
Investment income 452 367 1,366 713
Loss on extinguishment of debt [1] 0 (1,332) 0 (1,332)
Other, net (393) (887) (1,454) (2,281)
Total other expense, net (10,393) (12,854) (20,812) (24,015)
Income before provision for income taxes 80,533 72,613 141,287 117,799
Provision for income taxes 18,827 18,382 33,812 29,798
Net income 61,706 54,231 107,475 88,001
Net (loss) income attributable to noncontrolling interests (252) 970 656 1,095
Net income attributable to Generac Holdings Inc. $ 61,958 $ 53,261 $ 106,819 $ 86,906
Net income attributable to Generac Holdings Inc. per common share - basic: (in dollars per share) $ 0.99 $ 0.83 $ 1.75 $ 1.25
Weighted average common shares outstanding - basic: (in shares) 61,921,711 61,534,423 61,841,823 61,696,014
Net income attributable to Generac Holdings Inc. per common share - diluted: (in dollars per share) $ 0.98 $ 0.82 $ 1.74 $ 1.24
Weighted average common shares outstanding - diluted: (in shares) 62,405,863 62,054,447 62,349,030 62,259,712
Comprehensive income attributable to Generac Holdings Inc. $ 57,398 $ 47,884 $ 96,925 $ 92,587
[1] Represents the non-cash write-off of original issue discount and deferred financing costs due to a voluntary prepayment of Term Loan debt.