XML 29 R19.htm IDEA: XBRL DOCUMENT
v3.22.1

Note 13 - Earnings Per Share | 3 Months Ended
--- | ---
Mar. 31, 2022
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 as well as the satisfaction of certain conditions as of the end of the period. 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, |
|  | 2022 |  |  | 2021 |
Numerator |  |  |  |  |  |  |  |
Net income attributable to Generac Holdings Inc. |  | $ | 113,858 |  |  | $ | 148,993 |
Redeemable noncontrolling interest redemption value adjustment |  |  | (11,947 | ) |  |  | 123 |
Net income attributable to common shareholders |  | $ | 101,911 |  |  | $ | 149,116 |
Denominator |  |  |  |  |  |  |  |
Weighted average shares, basic |  |  | 63,449,380 |  |  |  | 62,478,734 |
Dilutive effect of stock compensation awards (1) |  |  | 1,279,626 |  |  |  | 1,620,339 |
Dilutive effect of contingently issued shares |  |  | 99,813 |  |  |  | - |
Diluted shares |  |  | 64,828,819 |  |  |  | 64,099,073 |
Net income attributable to common shareholders per share |  |  |  |  |  |  |  |
Basic |  | $ | 1.61 |  |  | $ | 2.39 |
Diluted |  | $ | 1.57 |  |  | $ | 2.33 |
(1) Excludes approximately 17,000 stock options and restricted stock awards for the three months ended March 31, 2022 as the impact of such awards was anti-dilutive. There were no awards with an anti-dilutive impact for the three months ended March 31, 2021.

X
- References No definition available. + Details
Name: | us-gaap_DisclosureTextBlockAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI https://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration