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Note 13 - Earnings Per Share | 9 Months Ended
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Sep. 30, 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 September 30, |  |  | Nine Months Ended September 30, |
|  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
Numerator |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income attributable to Generac Holdings Inc. |  | $ | 131,570 |  |  | $ | 114,970 |  |  | $ | 407,599 |  |  | $ | 225,575 |
Redeemable noncontrolling interest redemption value adjustment |  |  | (7,557 | ) |  |  | 811 |  |  |  | (5,687 | ) |  |  | (2,281 | )
Net income attributable to common shareholders |  | $ | 124,013 |  |  | $ | 115,781 |  |  | $ | 401,912 |  |  | $ | 223,294 |
Denominator |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted average shares, basic |  |  | 62,690,437 |  |  |  | 62,353,473 |  |  |  | 62,583,957 |  |  |  | 62,244,872 |
Dilutive effect of stock compensation awards (1) |  |  | 1,517,680 |  |  |  | 1,407,907 |  |  |  | 1,562,325 |  |  |  | 1,301,260 |
Diluted shares |  |  | 64,208,116 |  |  |  | 63,761,380 |  |  |  | 64,146,281 |  |  |  | 63,546,132 |
Net income attributable to common shareholders per share |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 1.98 |  |  | $ | 1.86 |  |  | $ | 6.42 |  |  | $ | 3.59 |
Diluted |  | $ | 1.93 |  |  | $ | 1.82 |  |  | $ | 6.27 |  |  | $ | 3.51 |
(1) There were no awards with an anti-dilutive impact for the three and nine months ended September 30, 2021 and 2020.

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