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Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Net sales $ 807,434 $ 475,915
Costs of goods sold 485,620 303,595
Gross profit 321,814 172,320
Operating expenses:    
Selling and service 68,424 55,139
Research and development 22,388 18,649
General and administrative 32,899 27,889
Amortization of intangibles 8,979 7,781
Total operating expenses 132,690 109,458
Income from operations 189,124 62,862
Other (expense) income:    
Interest expense (7,723) (9,053)
Investment income 603 960
Other, net 3,309 (1,914)
Total other expense, net (3,811) (10,007)
Income before provision for income taxes 185,313 52,855
Provision for income taxes 35,368 9,444
Net income 149,945 43,411
Net income (loss) attributable to noncontrolling interests 952 (1,049)
Net income attributable to Generac Holdings Inc. $ 148,993 $ 44,460
Net income attributable to Generac Holdings Inc. per common share - basic: (in dollars per share) $ 2.39 $ 0.69
Weighted average common shares outstanding - basic: (in shares) 62,478,734 62,126,481
Net income attributable to Generac Holdings Inc. per common share - diluted: (in dollars per share) $ 2.33 $ 0.68
Weighted average common shares outstanding - diluted: (in shares) 64,099,073 63,283,737
Comprehensive income attributable to Generac Holdings Inc. $ 153,816 $ (3,098)