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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 137,365 $ 132,723
Accounts receivable, less allowance for credit losses of $28,660 and $27,664 at March 31, 2023 and December 31, 2022, respectively 490,384 522,458
Inventories 1,438,296 1,405,384
Prepaid expenses and other assets 119,729 121,783
Total current assets 2,185,774 2,182,348
Property and equipment, net 490,143 467,604
Customer lists, net 202,556 206,987
Patents and technology, net 445,333 454,757
Other intangible assets, net 37,633 41,719
Tradenames, net 225,198 227,251
Goodwill 1,426,332 1,400,880
Deferred income taxes 8,320 12,746
Operating lease and other assets 189,843 175,170
Total assets 5,211,132 5,169,462
Current liabilities:    
Short-term borrowings 64,093 48,990
Accounts payable 426,191 446,050
Accrued wages and employee benefits 48,088 45,741
Accrued product warranty 80,902 89,141
Other accrued liabilities 273,039 349,389
Current portion of long-term borrowings and finance lease obligations 18,029 12,733
Total current liabilities 910,342 992,044
Long-term borrowings and finance lease obligations 1,527,355 1,369,085
Deferred income taxes 110,447 125,691
Operating lease and other long-term liabilities 317,795 312,916
Total liabilities 2,865,939 2,799,736
Redeemable noncontrolling interests 3,814 110,471
Stockholders’ equity:    
Common stock, par value $0.01, 500,000,000 shares authorized, 73,052,760 and 72,701,257 shares issued at March 31, 2023 and December 31, 2022, respectively 731 728
Additional paid-in capital 1,042,786 1,016,138
Treasury stock, at cost, 10,855,203 and 11,284,350 shares at March 31, 2023 and December 31, 2022, respectively (779,533) (808,491)
Excess purchase price over predecessor basis (202,116) (202,116)
Retained earnings 2,319,638 2,316,224
Accumulated other comprehensive loss (42,343) (65,102)
Stockholders’ equity attributable to Generac Holdings Inc. 2,339,163 2,257,381
Noncontrolling interests 2,216 1,874
Total stockholders' equity 2,341,379 2,259,255
Total liabilities and stockholders’ equity $ 5,211,132 $ 5,169,462