XML 47 R30.htm IDEA: XBRL DOCUMENT v3.24.0.1
Note 3 - Acquisitions (Tables)
12 Months Ended
Dec. 31, 2023
Notes Tables  
Schedule of Consideration Transferred for Business Acquisitions [Table Text Block]

Cash paid at closing

 $11,821 

Deferred cash payment (1)

  6,000 

Common stock issued at closing

  12,000 

Contingent consideration (2)

  31,308 

Total purchase price

 $61,129 

Cash paid at closing

 $225,403 

Common stock issued at closing

  420,774 

Contingent consideration (1)

  89,400 

Total purchase price

 $735,577 
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]
        

2021 Acquisitions

 
   2023 Acquisitions   2022 Acquisitions   Deep Sea   ecobee   All Other   Total 

Accounts receivable

 $347  $11,965  $9,574  $23,337  $13,852  $46,763 

Inventories

  1,239   2,955   9,970   7,258   7,034   24,262 

Prepaid expenses and other current assets

  166   4,456   1,181   5,689   6,594   13,464 

Property and equipment

  5,843   708   8,838   3,588   480   12,906 

Intangible assets

  6,174   10,032   174,270   557,900   81,171   813,341 

Goodwill

  5,363   8,714   263,604   248,231   83,859   595,694 

Deferred income taxes

  -   -   -   40,020   5,694   45,714 

Other assets

  837   1,954   151   9,289   8,526   17,966 

Total assets acquired

  19,969   40,784   467,588   895,312   207,210   1,570,110 
                         

Accounts payable

  1,278   1,826   8,998   25,968   7,473   42,439 

Accrued wages and employee benefits

  264   1,662   2,106   1,354   872   4,332 

Other accrued liabilities

  236   7,917   1,737   19,898   18,258   39,893 

Short-term borrowings

  -   -   -   -   800   800 

Current portion of long-term borrowings and finance lease obligations

  -   -   -   -   233   233 

Deferred income taxes

  2,007   564   33,957   78,753   19,930   132,640 

Other long-term liabilities

  57   1,157   90   33,762   9,997   43,849 

Long-term debt

  -   -   -   -   1,624   1,624 

Net assets acquired

 $16,127  $27,658  $420,700  $735,577  $148,023  $1,304,300 
Business Acquisition, Pro Forma Information, Nonrecurring Adjustments [Table Text Block]
  

Year Ended December 31,

 
  

2023

  

2022

  

2021

 

Net Sales:

            

As reported

 $4,022,667  $4,564,737  $3,737,184 

Pro forma

  4,022,826   4,600,162   3,933,666 
             

Net income attributable to Generac Holdings Inc.:

            

As reported

 $214,606  $399,502  $550,494 

Pro forma (1)

  214,343   395,261   461,193 
             

Net income attributable to Generac Holdings Inc. per common share - diluted

            

As reported

 $3.27  $5.42  $8.30 

Pro forma

  3.27   5.36   6.91