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Note 14 - Earnings Per Share | 12 Months Ended
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Dec. 31, 2019
Notes to Financial Statements |
Earnings Per Share [Text Block] |
14. | Earnings Per Share
Basic earnings per share is calculated by dividing net income attributable to the common shareholders 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 4, “Redeemable Noncontrolling Interest,” to the consolidated financial statements 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:
|  | Year Ended December 31, |
|  | 2019 |  |  | 2018 |  |  | 2017 |
Numerator |  |  |  |  |  |  |  |  |  |  |  |
Net income attributable to Generac Holdings Inc. |  | $ | 252,007 |  |  | $ | 238,257 |  |  | $ | 157,808 |
Redeemable noncontrolling interest redemption value adjustment |  |  | 1,253 |  |  |  | (17,970 | ) |  |  | 909 |
Net income attributable to common shareholders |  | $ | 253,260 |  |  | $ | 220,287 |  |  | $ | 158,717 |
Denominator |  |  |  |  |  |  |  |  |  |  |  |
Weighted average shares, basic |  |  | 61,926,986 |  |  |  | 61,662,031 |  |  |  | 62,040,704 |
Dilutive effect of stock compensation awards (1) |  |  | 938,460 |  |  |  | 571,194 |  |  |  | 602,168 |
Diluted shares |  |  | 62,865,446 |  |  |  | 62,233,225 |  |  |  | 62,642,872 |
Net income attributable to common shareholders per share |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 4.09 |  |  | $ | 3.57 |  |  | $ | 2.56 |
Diluted |  | $ | 4.03 |  |  | $ | 3.54 |  |  | $ | 2.53 |
| (1) | Excludes approximately 26,100 and 147,400 stock options for the years ended December 31, 2018 and 2017, respectively, as the impact of such awards was anti-dilutive. There were no awards with an anti-dilutive impact for the year ended December 31, 2019.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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