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Note 13 - Earnings Per Share
 3 Months Ended
Mar. 31, 2021
Notes to Financial Statements  
Earnings Per Share [Text Block]

13. 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 to the condensed consolidated financial statements, “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,

 
  

2021

  

2020

 

Numerator

        

Net income attributable to Generac Holdings Inc.

 $148,993  $44,460 

Redeemable noncontrolling interest redemption value adjustment

  123   (1,522)

Net income attributable to common shareholders

 $149,116  $42,938 
         

Denominator

        

Weighted average shares, basic

  62,478,734   62,126,481 

Dilutive effect of stock compensation awards (1)

  1,620,339   1,157,256 

Diluted shares

  64,099,073   63,283,737 
         

Net income attributable to common shareholders per share

        

Basic

 $2.39  $0.69 

Diluted

 $2.33  $0.68 

 

(1) There were no awards with an anti-dilutive impact for the three months ended March 31, 2021 and 2020.