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Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Net sales $ 887,910 $ 1,135,856
Costs of goods sold 615,411 775,108
Gross profit 272,499 360,748
Operating expenses:    
Selling and service 100,688 98,243
Research and development 41,820 39,744
General and administrative 59,685 41,972
Amortization of intangibles 25,823 26,054
Total operating expenses 228,016 206,013
Income from operations 44,483 154,735
Other (expense) income:    
Interest expense (22,995) (9,554)
Investment income 688 77
Other, net (166) 246
Total other expense, net (22,473) (9,231)
Income before provision for income taxes 22,010 145,504
Provision for income taxes 7,849 28,608
Net income 14,161 116,896
Net income attributable to noncontrolling interests 1,731 3,038
Net income attributable to Generac Holdings Inc. $ 12,430 $ 113,858
Net income attributable to Generac Holdings Inc. per common share - basic: (in dollars per share) $ 0.06 $ 1.61
Weighted average common shares outstanding - basic: (in shares) 61,556,044 63,449,380
Net income attributable to Generac Holdings Inc. per common share - diluted: (in dollars per share) $ 0.05 $ 1.57
Weighted average common shares outstanding - diluted: (in shares) 62,294,447 64,828,819
Comprehensive income attributable to Generac Holdings Inc. $ 35,362 $ 122,365