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Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Net sales $ 546,848 $ 541,916 $ 1,022,763 $ 1,012,269
Costs of goods sold 337,865 346,078 641,460 654,256
Gross profit 208,983 195,838 381,303 358,013
Operating expenses:        
Selling and service 62,526 52,309 117,665 99,598
Research and development 19,455 17,694 38,104 31,303
General and administrative 29,782 27,658 57,671 52,420
Amortization of intangibles 7,667 7,251 15,448 12,593
Total operating expenses 119,430 104,912 228,888 195,914
Income from operations 89,553 90,926 152,415 162,099
Other (expense) income:        
Interest expense (7,932) (10,452) (16,985) (20,724)
Investment income 660 452 1,620 1,366
Other, net (216) (393) (2,130) (1,454)
Total other expense, net (7,488) (10,393) (17,495) (20,812)
Income before provision for income taxes 82,065 80,533 134,920 141,287
Provision for income taxes 18,473 18,827 27,917 33,812
Net income 63,592 61,706 107,003 107,475
Net (loss) income attributable to noncontrolling interests (2,553) (252) (3,602) 656
Net income attributable to Generac Holdings Inc. $ 66,145 $ 61,958 $ 110,605 $ 106,819
Net income attributable to Generac Holdings Inc. per common share - basic: (in dollars per share) $ 1.04 $ 0.99 $ 1.73 $ 1.75
Weighted average common shares outstanding - basic: (in shares) 62,267,083 61,921,711 62,190,438 61,841,823
Net income attributable to Generac Holdings Inc. per common share - diluted: (in dollars per share) $ 1.02 $ 0.98 $ 1.70 $ 1.74
Weighted average common shares outstanding - diluted: (in shares) 63,364,253 62,405,863 63,363,721 62,349,030
Comprehensive income attributable to Generac Holdings Inc. $ 66,758 $ 57,398 $ 63,660 $ 96,925