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Note 14 - Earnings Per Share
 6 Months Ended
Jun. 30, 2020
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 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 June 30,

  

Six Months Ended June 30,

 
  

2020

  

2019

  

2020

  

2019

 

Numerator

                

Net income attributable to Generac Holdings Inc.

 $66,145  $61,958  $110,605  $106,819 

Redeemable noncontrolling interest redemption value adjustment

  (1,570)  (756)  (3,092)  1,676 

Net income attributable to common shareholders

 $64,575  $61,202  $107,513  $108,495 
                 

Denominator

                

Weighted average shares, basic

  62,267,083   61,921,711   62,190,438   61,841,823 

Dilutive effect of stock compensation awards (1)

  1,097,170   484,152   1,173,283   507,207 

Diluted shares

  63,364,253   62,405,863   63,363,721   62,349,030 
                 

Net income attributable to common shareholders per share

                

Basic

 $1.04  $0.99  $1.73  $1.75 

Diluted

 $1.02  $0.98  $1.70  $1.74 

 

(1) Excludes approximately 49,000 and 41,000 stock options for the three months ended June 30, 2020 and 2019, respectively, as the impact of such awards was anti-dilutive. Excludes approximately 15,000 and 76,000 stock options for the six months ended June 30, 2020 and 2019, respectively, as the impact of such awards was anti-dilutive.