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Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Net sales $ 4,022,667 $ 4,564,737 $ 3,737,184
Costs of goods sold 2,657,236 3,042,733 2,377,102
Gross profit 1,365,431 1,522,004 1,360,082
Operating expenses:      
Selling and service 448,199 496,260 319,020
Research and development 173,443 159,774 104,303
General and administrative 252,936 194,861 144,272
Acquisition related costs 460 1,459 21,465
Amortization of intangibles 104,194 103,320 49,886
Total operating expenses 979,232 955,674 638,946
Income from operations 386,199 566,330 721,136
Other (expense) income:      
Interest expense (97,627) (54,826) (32,953)
Investment income 4,272 1,129 1,415
Loss on extinguishment of debt [1] 0 (3,743) (831)
Other, net (2,544) (424) 2,759
Total other expense, net (95,899) (57,864) (29,610)
Income before provision for income taxes 290,300 508,466 691,526
Provision for income taxes 73,180 99,596 134,957
Net income 217,120 408,870 556,569
Net income attributable to noncontrolling interests 2,514 9,368 6,075
Net income attributable to Generac Holdings Inc. 214,606 399,502 550,494
Other comprehensive income (loss):      
Foreign currency translation adjustment 57,963 (48,841) (41,030)
Net unrealized (loss) gain on derivatives (8,004) 38,494 20,529
Other comprehensive income (loss) 49,959 (10,347) (20,501)
Total comprehensive income 267,079 398,523 536,068
Comprehensive income attributable to noncontrolling interests 2,581 11,179 5,496
Comprehensive income attributable to Generac Holdings Inc. $ 264,498 $ 387,344 $ 530,572
Net income attributable to Generac Holdings Inc. per common share - basic: (in dollars per share) $ 3.31 $ 5.55 $ 8.51
Weighted average common shares outstanding - basic: (in shares) 61,265,060 63,117,007 62,686,001
Net income attributable to Generac Holdings Inc. per common share - diluted: (in dollars per share) $ 3.27 $ 5.42 $ 8.3
Weighted average common shares outstanding - diluted: (in shares) 62,058,387 64,681,357 64,253,408
[1] Represents the non-cash write-off of original issue discount and deferred financing costs due primarily to a voluntary prepayment of debt.